Seacoast Banking reports Q2 adjusted EPS 52c, consensus 43c

Reports Q2 revenue $151.4M, consensus $145.85M. Charles M. Shaffer, Seacoast’s Chairman and CEO, said, “Our performance in the second quarter showcases the strength and momentum of our franchise. The expansion in net interest margin is a direct result of the disciplined execution and strategic focus of the Seacoast team. We’re seeing the benefits of consistent, high-quality loan growth and well-managed deposit costs, which are fueling strong net interest income growth. Our fee-based revenue businesses continue to expand and expenses are well controlled.”