Seacoast Commerce Banc Holdings Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2017
January 24, 2018 at 09:00 am EST
Seacoast Commerce Banc Holdings announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported total interest income was $13,064,000 against $6,278,000 a year ago. Net interest income was $12,064,000 against $5,893,000 a year ago. Pre-tax income was $2,652,000 against $2,994,000 a year ago. Net loss was $2,142,000 against net profit of $1,922,000 a year ago. Basic loss per share was $0.23 against basic earnings per share of $0.32 a year ago. Negative ROAA of 0.91% against ROAA of 1.32% a year ago. ROAA adjusted of 1.39% against 1.32% a year ago.
For the full year, the company reported Basic earnings per share was $0.33 against $1.15 a year ago. Basic earnings per share adjusted was $1.18 against $1.15 a year ago. Book value per share was $11.89 against $7.06 a year ago. ROAA of 0.34% against 1.25% a year ago. ROAA adjusted of 1.19% against 1.25% a year ago.