Seacoast Banking Corporation of Florida Q4 Earnings Call Highlights

Net interest income was $174.6 million, up 31% from the prior quarter, according to Dexter. Net interest margin expanded, with margin excluding accretion on acquired loans increasing 12 basis points to 3.44%, in line with prior guidance. Loan yields increased to 6.02%, or 5.68% excluding accretion.Management emphasized momentum in core lending activity. Dexter said organic loan growth was 15% annualized (excluding the impact of the VBI acquisition), while commercial production rose 22% from the prior quarte ...