Seacoast Banking Corp. of Florida reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company reported total interest income of $30.915 million compared to $26.272 million a year ago. Net interest income was $29.100 million compared to $24.733 million a year ago. Income before income taxes was $9.761 million compared to loss before income taxes of $2.147 million a year ago. Net income was $6.036 million or $0.18 per basic and diluted share compared to net loss of $1.517 million or $0.05 per basic and diluted share a year ago. Return on average assets was 0.69% compared to negative return on average assets of 0.20% a year ago. Return on average tangible common equity was 7.80% compared to negative return on average tangible common equity of 1.7% a year ago. Adjusted net income of $6.520 million or $0.19 per diluted share, compared to $4.179 million, or $0.13 per diluted share a year ago. Adjusted ROA was 0.75% compared to 0.55% a year ago. Adjusted ROTCE was 8.4% compared to 6.2% a year ago. Adjusted pretax, pre-provision income was $10,193,000 compared to $7,464,000 a year ago. Return on average shareholders' equity was 6.78% compared to negative return on average shareholders' equity 1.89% a year ago. Return on average tangible shareholders' equity was 7.83% compared to negative return on average tangible shareholders' equity of 1.71% a year ago.

For the year, the company reported net interest income of $109.968 million compared to $75.221 million a year ago. Net income was $22.141 million or $0.66 per basic and diluted share compared to $5.696 million or $0.21 per basic and diluted share a year ago. Return on average assets was 0.67% compared to 0.23% a year ago. Return on average shareholders' equity was 6.56% compared to 2.22% a year ago. Return on average tangible shareholders' equity was 7.59% compared to 2.57% a year ago. Book value per share common share as at December 31, 2015 was $10.29 compared to $9.44 a year ago. Tangible book value per share common share as at December 31, 2015 was $9.31 compared to $8.51 a year ago. Total interest income was $116.417 million compared to $80.262 million a year ago. Income before income taxes was $35.668 million compared to $10.240 million a year ago. Adjusted net income increased to $25.3 million, or $0.75 per diluted share, in 2015 from $13.0 million, or $0.47 per diluted share, in 2014.

For the quarter, the company recorded net charge-offs of $569,000 compared to $618,000 a year ago.

For the year 2016, the company expects adjusted diluted EPS target of $1.00.