Seacoast Banking of Florida(SBCF) - 2021 Q2 - Earnings Call Presentation

Financial Performance - Net income reached $31.4 million, a 25% increase, with adjusted net income at $33.3 million, up by 31%[16] - Earnings per share increased to $0.56, compared to $0.47, while adjusted earnings per share rose to $0.59 from $0.48[16] - The company achieved a 1.48% return on tangible assets (ROTA) and a 13.88% return on tangible common equity (ROTCE) on a GAAP basis[17] - Adjusted ROTA was 1.52% and adjusted ROTCE was 14.27%[17] Balance Sheet and Capital - Assets totaled $9.3 billion as of June 30, 2021[10] - Tangible book value per share increased by 13% year-over-year to $17.08[17] - Total deposits increased by $450 million quarter-over-quarter and $1.2 billion, or 18%, compared to the second quarter of 2020[66] Lending and Asset Quality - Total loan pipelines increased by 83%[18] - Nonperforming loans declined to 0.61% of total loans[18] - $243 million in PPP loan forgiveness was processed during the second quarter of 2021[49] Revenue and Expenses - Net interest income totaled $65.9 million, a decrease of $0.8 million, or 1%, from the prior quarter[24] - Interchange revenue reached a new record of $4.1 million[30] - Wealth management income increased to a record $2.4 million[31]