Seacoast Banking Corporation Of Florida · NASDAQ:SBCF
Seacoast Banking Corporation Of Florida — Seacoast Banking Corp of Florida — Q4 2016 Earnings Presentation
14 slides from Seacoast Banking Corporation Of Florida's earnings presentation, Feb 7, 2017
Slide 1: Earnings Presentation Q4 - 2016
Earnings Presentation Q4 - 2016 Contact : (email) Steve.Fowle@SeacoastBank.com (phone) 772.463.8977 (web) www.Sea coa stBanking.com
Slide 2: Forward-looking statements
This presentation contains “forward - looking statements” within the meaning of Section 27 A of the Securities Act of 1933 and Section 21 E of the Securities Exchange Act of 1934 , including, without limitation, statements about future financial and operating results, ability to realized deferred ta
Slide 3: Investment Thesis: Successfully Executing a Differentiated Strategy
Agenda Investment Thesis Successfully Executing a Differentiated Strategy to Deliver Balanced Growth 3 x Reaping benefits of strategic investments in organic growth and digital transformation x Track record of completing val ue - creating acquisitions in growing markets x Robust risk management and
Slide 4: Q4 2016 Financial and Growth Highlights
4 Financial Highlights Growth Highlights Q4 2016 Financial and Growth Highlights • Year over year revenues grew 28%, driven by growth in both net interest income and fee income. • Loan production continued to increase in the fourth quarter with another record in all business units. • Loans grew $ 72
Slide 5: Fourth Quarter 2016 Results Demonstrate Effectiveness of Balanced Growth Strategy
8.9% 13.1% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 4Q 15 4Q 16 69.1% 60.8% 60.0% 62.0% 64.0% 66.0% 68.0% 70.0% 4Q 15 4Q 16 0.75% 0.99% 0.50% 0.60% 0.70% 0.80% 0.90% 1.00% 1.10% 4Q 15 4Q 16 Fourth Quarter 2016 Results Demonstrate the Effectiveness of Seacoast’s Balanced Growth Strategy 5 1 Non - G
Slide 6: Net Interest Income and Margin
Net Interest Income and Margin 6 $29,216 $30,349 $34,801 $37,735 $37,628 3.67% 3.68% 3.63% 3.69% 3.56% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% 4.20% $0 $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 $35,000 $40,000 Q4-15 Q1-16 Q2-16 Q3-16 Q4-16 Net Interest Income and Net Interest Margin* ($ in thousand
Slide 7: Adjusted Noninterest Income
Adjusted Noninterest Income 7 $2,229 $2,129 $2,230 $2,698 $2,612 $1,989 $2,217 $2,370 $2,306 $2,334 $1,302 $1,437 $1,308 $1,283 $1,449 $955 $999 $1,364 $1,885 $1,616 $911 $1,007 $1,460 $1,210 $1,300 $377 $379 $382 $611 $0 $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 $8,000 $9,000 $10,000 $11,000
Slide 8: Adjusted Noninterest Expense
Adjusted Noninterest Expense 8 $13,126 $14,526 $15,245 $15,828 $14,799 $2,457 $2,488 $2,698 $3,223 $3,030 $3,678 $3,746 $4,184 $4,418 $4,463 $6,630 $6,546 $6,871 $7,373 $7,281 $0 $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 $35,000 $40,000 Q4-15 Q1-16 Q2-16 Q3-16 Q4-16 Other Occupancy / Telephone
Slide 9: Efficiency Ratio
Efficiency Ratio 9 81.90% 84.30% 89.40% 82.80% 104.50% 68.30% 68.60% 76.3% 72.6% 81.7% 78.0% 68.6% 62.4% 40% 50% 60% 70% 80% 90% 100% 110% Q4-13 Q1-14 Q2-14 Q3-14 Q4-14 Q1-15 Q2-15 Q3-15 Q4-15 Q1-16 Q2-16 Q3-16 Q4-16 GAAP - Efficiency • GAAP efficiency improved by 6.2% from Q3 to Q4 while adjusted e
Slide 10: Loan Growth Momentum Continues
Loan Growth Momentum Continues 10 $2,156 $2,455 $2,616 $2,769 $2,879 $1,000 $1,200 $1,400 $1,600 $1,800 $2,000 $2,200 $2,400 $2,600 $2,800 $3,000 Q4-15 Q1-16 Q2-16 Q3-16 Q4-16 Total Loans Outstanding (in millions) Loans grew $723 million or 34% from year - ago levels. Adjusting for acquisitions, loa
Slide 11: Deposit Balances Extend Growth Trends
Deposit Balances Extend Growth Trends 11 Total deposits increased 24% from one year ago to $3.52 billion. Transaction accounts represent 57% of total deposits, and have increased 27% year over year. $1,589 $1,805 $1,923 $1,945 $2,022 $961 $1,055 $1,192 $1,200 $1,149 $294 $362 $386 $365 $352 $0 $500
Slide 12: Credit Quality
Credit Quality 12 Net Charge - offs Nonperforming Loans ALLL Thousands $12,758 $11,881 $10,919 $10,561 $11,023 $4,628 $3,707 $4,360 $7,876 $7,048 0.81% 0.63% 0.58% 0.66% 0.63% 4Q 15 1Q 16 2Q 16 3Q 16 4Q 16 NPL - nonacquired NPL - acquired Total NPL Ratio $19,128 $19,724 $20,725 $22,684 $23,400 1.03%
Slide 13: Capital Position
Capital Position 13 Tangible Book Value / Book Value Per Share 56% YoY Improvement $9.31 $9.17 $9.08 $9.35 $9.37 $10.29 $10.91 $11.20 $11.45 $11.45 4Q 15 1Q 16 2Q 16 3Q 16 4Q 16 Tangible Book Value Per Share Book Value Per Share 9.3% 9.4% 8.4% 8.0% 7.7% 4Q 15 1Q 16 2Q 16 3Q 16 4Q 16 Tangible Common
Slide 14: Contact Details
Contact Details : Seacoast Banking Corporation of Florida [ NASDAQ: SBCF] 14 Steve Fowle, CFO (email) Steve.Fowle@SeacoastBank.com (phone) 772.463.8977 Investor Relations www.SeacoastBanking.com
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