SEACOAST BANKING CORPORATION OF FLORIDA (NASDAQ:SBCF) Files An 8-K Results of Operations and Financial Condition
Item 2.02
Results of Operations and Financial Condition |
On February 1, 2017, Seacoast Banking Corporation of Florida
(Seacoast or the Company) announced its financial results for the
fourth quarter and year ended December 31, 2016.
A copy of the press release announcing Seacoasts results for the
fourth quarter and year ended December 31, 2016 is attached
hereto as Exhibit 99.1 and incorporated herein by reference.
Item 7.01 | Regulation FD Disclosure |
On February 2, 2017, Seacoast held an investor conference call to
discuss its financial results for the fourth quarter and year
ended December 31, 2016. A transcript of this conference call is
attached hereto as Exhibit 99.2 and incorporated herein by
reference. Also attached as Exhibit 99.3 are charts (available on
the Companys website at www.seacoastbanking.net) containing
information used in the conference call and incorporated herein
by reference. All information included in the transcript and the
charts is presented as of December 31, 2016, and the Company does
not assume any obligation to correct or update said information
in the future.
The information in Items 2.02 and 7.01, as well as Exhibits 99.1,
99.2 and 99.3, is being furnished and shall not be deemed filed
for purposes of Section 18 of the Securities Exchange Act of
1934, nor shall it be deemed incorporated by reference in any
filing under the Securities Act of 1933.
Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits
Exhibit No. | Description | |
99.1 |
Press Release dated February 1, 2017 with respect to |
|
99.2 |
Transcript of Seacoasts investor conference call held on |
|
99.3 |
Data on website containing information used in the |
8-K page 3 of 5
Exhibits 99.1, 99.2 and 99.3 referenced herein contain
forward-looking statements within the meaning of Section 28A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, including, without limitation, statements
about future financial and operating results, ability to realized
deferred tax assets, cost savings, enhanced revenues, economic
and seasonal conditions in our markets, and improvements to
reported earnings that may be realized from cost controls and for
integration of banks that we have acquired, as well as statements
with respect to Seacoasts objectives, expectations and intentions
and other statements that are not historical facts. Actual
results may differ from those set forth in the forward-looking
statements.
Forward-looking statements include statements with respect to our
beliefs, plans, objectives, goals, expectations, anticipations,
estimates and intentions, and involve known and unknown risks,
uncertainties and other factors, which may be beyond our control,
and which may cause the actual results, performance or
achievements of Seacoast to be materially different from future
results, performance or achievements expressed or implied by such
forward-looking statements. You should not expect us to update
any forward-looking statements.
You can identify these forward-looking statements through our use
of words such as may, will, anticipate, assume, should, support,
indicate, would, believe, contemplate, expect, estimate,
continue, further, point to, project, could, intend or other
similar words and expressions of the future. These
forward-looking statements may not be realized due to a variety
of factors, including, without limitation: the effects of future
economic and market conditions, including seasonality;
governmental monetary and fiscal policies, as well as
legislative, tax and regulatory changes; changes in accounting
policies, rules and practices; the risks of changes in interest
rates on the level and composition of deposits, loan demand,
liquidity and the values of loan collateral, securities, and
interest sensitive assets and liabilities; interest rate risks,
sensitivities and the shape of the yield curve; the effects of
competition from other commercial banks, thrifts, mortgage
banking firms, consumer finance companies, credit unions,
securities brokerage firms, insurance companies, money market and
other mutual funds and other financial institutions operating in
our market areas and elsewhere, including institutions operating
regionally, nationally and internationally, together with such
competitors offering banking products and services by mail,
telephone, computer and the Internet; and the failure of
assumptions underlying the establishment of reserves for possible
loan losses. The risks of mergers and acquisitions, include,
without limitation: unexpected transaction costs, including the
costs of integrating operations; the risks that the businesses
will not be integrated successfully or that such integration may
be more difficult, time-consuming or costly than expected; the
potential failure to fully or timely realize expected revenues
and revenue synergies, including as the result of revenues
following the merger being lower than expected; the risk of
deposit and customer attrition; any changes in deposit mix;
unexpected operating and other costs, which may differ or change
from expectations; the risks of customer and employee loss and
business disruption, including, without limitation, as the result
of difficulties in maintaining relationships with employees;
increased competitive pressures and solicitations of customers by
competitors; as well as the difficulties and risks inherent with
entering new markets.
All written or oral forward-looking statements attributable to us
are expressly qualified in their entirety by this cautionary
notice, including, without limitation, those risks and
uncertainties described in our annual report on Form 10-K for the
year ended December 31, 2015 under Special Cautionary Notice
Regarding Forward-Looking Statements and Risk Factors, and
otherwise in our SEC reports and filings. Such reports are
available upon request from the Company, or from the Securities
and Exchange Commission, including through the SECs Internet
website at http://www.sec.gov.
8-K page 4 of 5
About SEACOAST BANKING CORPORATION OF FLORIDA (NASDAQ:SBCF)
Seacoast Banking Corporation of Florida is a bank holding company. The Company’s principal subsidiary is Seacoast National Bank, a national banking association. The Company and its subsidiaries offer an array of deposit accounts and retail banking services, engage in consumer and commercial lending and provide a range of trust and asset management services, as well as securities and annuity products. The Company, through its bank subsidiary, provides a range of community banking services to commercial, small business and retail customers, offering a range of transaction and savings deposit products, treasury management services, brokerage, and secured and unsecured loan products, including revolving credit facilities, letters of credit and similar financial guarantees, and asset based financing. It also provides trust and investment management services to retirement plans, corporations and individuals. It also offers Internet and mobile banking to business and retail customers. SEACOAST BANKING CORPORATION OF FLORIDA (NASDAQ:SBCF) Recent Trading Information
SEACOAST BANKING CORPORATION OF FLORIDA (NASDAQ:SBCF) closed its last trading session 00.00 at 22.65 with 161,197 shares trading hands.