Seacoast Banking Corp. of Florida reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported total interest income of $17.616 million compared to $17.806 million a year ago. Net interest income was $16.277 million compared to $16.208 million a year ago. Income before income taxes was $3.107 million compared to $0.240 million a year ago. Net income available to common shareholders was $0.588 million or $0.03 per diluted share compared to net loss available to common shareholders of $0.697 million or $0.04 per diluted share a year ago. Return on average assets was 0.33% compared to 0.05% a year ago. Return on average shareholders' equity was 3.10% compared to 0.58% a year ago.

For the year, the company reported total interest income of $70.763 million compared to $73.287 million a year ago. Net interest income was $65.206 million compared to $64.809 million a year ago. Income before income taxes was $11.604 million compared to loss before income taxes of $0.710 million a year ago. Net income available to common shareholders was $47.916 million or $2.44 per diluted share compared to net loss available to common shareholders of $4.458 million or $0.24 per diluted share a year ago. Book value per common share was $8.40 as on December 31, 2013 compared to $6.16 as on December 31, 2012 a year ago. Return on average assets was 2.38% compared negative return on average assets of 0.03% a year ago. Return on average shareholders' equity was 28.87% compared negative return on average shareholders' equity of 0.43% a year ago.

For the quarter, the company recorded net charge-offs of $838,000 compared to $2,151,000 a year ago.