earnings
confidence high
sentiment positive
materiality 0.65
Seacoast Q2 net income $0.36/shr; loan pipeline surges 46% QoQ to $834M
SEACOAST BANKING CORP OF FLORIDA
2024-Q2 EPS reported
$0.66
- Net income of $30.2M ($0.36 diluted EPS); adjusted net income $30.3M ($0.36).
- Net interest income $104.7M; NIM 3.18%, down 6 bps QoQ but deposit costs stabilizing.
- Loan pipeline grew 46% QoQ to $834.4M; total loans $10.04B, up $60.5M from Q1.
- Cost of deposits 2.31%; Tier 1 capital ratio 14.8%; tangible book value per share $15.41.
- Wealth management AUM record $1.9B, up 12% YTD.