Seacoast Banking Reports Earnings Beat in Q4
STUART, Fla. – Seacoast Banking Corp. of Florida (SBCF) announced a fourth quarter net income of $34.1 million on Monday. The bank, based in Stuart, Florida, reported earnings of 40 cents per share. After adjusting for non-recurring costs, earnings reached 48 cents per share.
During the period, the holding company for Seacoast National Bank posted revenue of $203 million. Its revenue net of interest expense was $132.9 million, exceeding market expectations.
For the year, the company reported a profit of $121 million, or $1.42 per share. Revenue for the period was recorded at $515.4 million.