Jul. 25 at 8:49 PM
$SBCF Seacoast Banking reports Q2 EPS 36c, consensus 34c
Reports Q2 revenue
$126.6M, consensus
$126.23M. Reports Q2 CET1 capital ratio 14.1%. Reports Q2 tangible book value per share
$15.41. Charles M. Shaffer, Chairman and CEO of Seacoast, stated, "This quarter marks the beginning of the shift we anticipated for mid-year 2024. We have seen emerging loan growth and stabilizing deposit costs, supporting an improved outlook for net interest income. We are also experiencing growth in noninterest income while managing our expenses carefully.
Our investments in revenue-producing bankers across the state have led to stronger loan production and pipeline growth, and consistent positive results in service charges on deposits, including treasury management fees, wealth management revenue, and insurance agency income. I am very optimistic about the direction we are heading as our competitive transformation continues to take effect. We expect to continue to see positive results from recent talent acquisitions, which will drive further organic growth in the coming periods."
