Seacoast Banking Corporation Of Florida · NASDAQ:SBCF
Seacoast Banking Corporation Of Florida — Seacoast Banking Corp of Florida — Q1 2013 Earnings Presentation
10 slides from Seacoast Banking Corporation Of Florida's earnings presentation, Apr 30, 2013
Slide 1: Deposit Fee Increases, Increased Wealth Production and Stronger Mortgage Banking Fees Result in 20% Growth in Fee Revenue
Deposit Fee Increases, Increased Wealth Production and Stronger Mortgage Banking Fees Result in 20% Growth in Fee Revenue · Mortgage banking fees increased significantly from the first quarter last year due to better production and higher profit margin · Fee changes and deposit product restructuring
Slide 2: Commercial Loan Production Remains Strong, Despite Challenging Competitive Environment
Commercial Loan Production Remains Strong, Despite Challenging Competitive Environment · Investment in lending capacity allowed us to defend performing loan portfolio liquidation and refinance loans from larger institutions. · Seasoned lenders hired have placed us in a position to significantly incr
Slide 3: Nonperforming Assets and Associated Workout Expenses Declining
* Loans in underwriting and approval, or approved and not yet closed Nonperforming Assets and Associated Workout Expenses Declining · Moderate economic expansion and increasing real estate values is leading to quicker resolution of problem loans and opportunities to sell OREO at more favorable prici
Slide 4: Nonperforming Loans, Other Real Estate Owned and Restructured Loans
$70,000 Nonperforming OtherReal —_Restructured Loans EstateOwned Loans (Aceruing) Qi 2012 = QI 2013
Slide 5: Net Charge Offs Declining, Coverage Ratio Increasing
Net Charge Offs Declining, Coverage Ratio Increasing · Risk posture declining as credit issues abate · Less volatility expected going forward
Slide 6: Net Charge Offs To Average Loans
2.50% 2.00% 1.50% 1.00% 0.50% 0.00% Net Charge Offs To Average Loans 1.13% U ig i 12012 Q22012" QB2012. Q42012 iz
Slide 7: Seacoast Retail Franchise Continues to Accrete Value
* Second quarter charge offs affected by a single large participation credit which was held for sale at year end and sold during the first quarter Seacoast Retail Franchise Continues to Accrete Value · Seacoast continues to be well positioned with positive net new household acquisition · Investment
Slide 8: Personal Demand Deposits
‘$190,000 $170,000 $150,000 ‘$130,000 ‘$110,000 $90,000 ‘$70,000 $50,000 Personal Demand Deposits $168,000 ‘$131,000 Qi 2011 Qt 2012 Q1 2013
Slide 9: 2013 Priorities
2013 Priorities Building Shareholder Value · Continue expense control posture, maximize revenue opportunities and position the bank for stronger earnings in 2014 · Continue reducing risk posture, positioning for an exit of the formal agreement and DTA recovery · Position for offensive strategic oppo
Slide 10: Highlands
Highlands Desoto. Glades
Seacoast Banking Corp of Florida — Q1 2013 Earnings Presentation on 6ix