Press Release: Seacoast Commerce Bank : Seacoast Commerce Banc Holdings Announces Third Quarter 2020 Results

Third Quarter 2020 Highlights - Net income of $3.7 million, up $34 thousand, or 1.0%* - Diluted Earnings per share of $0.38, up $0.01, or 2.7%* - Return on Average Tangible Common Equity of 14.38%, YTD of 15.10%* - Return on Average Assets of 1.08%, YTD of 1.20%* - Net Interest Margin of 4.64%, YTD of 5.04%, current month cost of deposits of 0.08% - Asset growth of $245.2 million, or 22.7% annualized** - Gross