Seacoast Banking Corp. of Florida (NASDAQ:SBCF) Q4 2019 Earnings Conference Call - Final Transcript

Jan 24, 2020 • 10:00 am ET

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Seacoast Banking Corp. of Florida (NASDAQ:SBCF) Q4 2019 Earnings Conference Call - Final Transcript

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Presentation
Executive
Charles M. Shaffer

common equity to tangible asset ratio was 11.1% at quarter end, providing ample capital for additional prudent growth. Using an 8% TCE ratio, illustratively, would imply over $210 million in capital available for deployment. And as mentioned earlier, implies a 20.8% return on tangible common equity for the quarter.

Seacoast Board and Management are committed to a prudent capital management to drive shareholder value.

And to wrap up on Slide 14 and 15, we are well positioned to sustain and advance momentum and growth into 2020. Since announcing our Vision 2020 targets in February 2017, we have achieved a compounded annual growth rate in tangible book value per share of 13%, steadily building shareholder value.

Our fundamentals remain very strong with a well-capitalized low-risk balance sheet and attractive funding. And we see continued robust opportunities to enhance our balanced growth strategy in some of Florida's fastest growing markets. We are on-track to meet our Vision 2020 targets. We remain focused on continuing to create meaningful values for shareholders.

We look forward to your questions. I'll turn the call back to Denny.

Executive
Dennis S. Hudson, III

Thank you, Chuck. And operator, we'd be pleased to take a few questions.