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Seacoast Commerce Banc Holdings Announces Fourth Quarter and Full Year 2018 Results

Jan 17, 2019 - GlobeNewswire
Mergers and Acquisitions-Financial Results

Full-Year 2018 Highlights

Net income for the full-year of $12.9 million, up $10.6 million, or 463.7% *Earnings per share of $1.37, up $1.04, or 314.5% *ROATCE of 16.99%, up 270.0% *ROAA of 1.33%, up 296.7% *Asset growth of $101.2 million, or 10.8%Gross loan growth of $102.3 million, or 13.2%SBA guaranteed loan retention growth of $.3 million, or 11.8%Deposit growth of $87.9 million, or 12.2%Specialty focused deposit growth of $170.7 million, or 40.4%Non-interest bearing deposits represent ...