earnings
confidence high
sentiment neutral
materiality 0.65
Seacoast reports Q3 2024 net income of $30.7M, TBVPS up 20% annualized
SEACOAST BANKING CORP OF FLORIDA
2024-Q3 EPS reported
$1.02
- Net income $30.7M ($0.36 diluted EPS), increase of $0.4M from Q2 2024.
- Tangible book value per share rose 20% annualized to $16.20; Tier 1 capital ratio 14.8%.
- Net interest income $106.7M (+2% QoQ); NIM ex-accretion expanded 3 bps to 2.90%.
- Noninterest income $23.7M (+33% YoY); wealth AUM $2.0B (+26% YoY).
- Loans grew 6.6% annualized, pipeline $831M; customer deposits (ex-brokered) up 6.6% annualized.