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Stock impact report

Seacoast Reports Third Quarter 2021 Results

Seacoast Banking Corporation of Florida (SBCF) 
Last seacoast banking corporation of florida earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: seacoastbank.com
Company Research Source: GlobeNewswire
Strong Quarter for Commercial Loan Originations and Pipeline Generation Tangible Book Value Per Share Expands to $17.52, Up 13% from the Prior Year STUART, Fla., Oct. 28, 2021 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida ("Seacoast" or the "Company") (NASDAQ: SBCF) today reported net income in the third quarter of 2021 of $22.9 million, or $0.40 per diluted share, which includes merger related costs associated with acquisition activity during the quarter and an increase in the provision for loan losses associated with onboarding Legacy Bank of Florida. Third quarter 2021 results represent a decrease of 27% compared to the second quarter of 2021, and an increase of 1% compared to the third quarter of 2020. Adjusted net income1 for the third quarter of 2021 was $29.4 million, or $0.51 per diluted share, which includes an increase in the provision for loan losses associated with onboarding Legacy Bank of Florida. Third quarter 2021 adjusted results represent a decrease Show less Read more
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