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STUART, Fla. (AP) _ Seacoast Banking Corp. of Florida (SBCF) on Thursday reported fourth-quarter earnings of $29.3 million.
The Stuart, Florida-based bank said it had earnings of 53 cents per share. Earnings, adjusted for non-recurring costs, came to 55 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.
The holding company for Seacoast National Bank posted revenue of $87.6 million in the period. Its revenue net of interest expense was $83.7 million, also beating Street forecasts. Five analysts surveyed by Zacks expected $83.1 million.
For the year, the company reported profit of $77.8 million, or $1.44 per share. Revenue was reported as $324.3 million.
Seacoast Banking shares have increased 8% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $31.83, a rise of 12% in the last 12 months.