SBCF - Earnings call transcript Q1 2018 | Seacoast Banking Corporation of Florida

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Operator

Welcome to the Seacoast Bank Investor Conference Call. My name is Zunera [ph], and I will be the operator for today’s call to discuss Seacoast Bank’s Acquisition of First Green Bank announced yesterday evening. Please note that this conference is being recorded.

Before we begin, I’d like to direct your attention to the statement contained at the end of Seacoast’s press release regarding forward statements.

During this call, Seacoast maybe discussing certain issues that constitute forward-looking statements within the meaning of the Securities and Exchange Act, and accordingly comments by the Bank’s executives are intended to be covered within the meaning of Section 27A of the Act. the to turn now will call Mr. over I S. Dennis CEO. Hudson, Seacoast and Chairman Bank’s Mr. Hudson, you may begin.

Dennis Hudson

much, welcome First operator, morning’s very was you Thank and afternoon. to as just our announced which yesterday conference everybody discuss acquisition Bancorp, of Green you heard call this to

on is me as our Officer, Chuck Chief today Joining as Risk David Officer. Shaffer, Financial well Houdeshell, the call our Chief

slides presentation conclusion on to News our of today. look you’ll website, the of forward answering posted We’ll relating your during deck a following in We us today’s the find go slide few a call and we refer acquisition the our prepared if the Presentations, and to discussion. remarks. All certain questions to slide to Events seacoastbanking.com, under entitled section of

have excellent agreement institution the position complementary strengthening highly overall First We’re to state. us acquisition Lauderdale franchise Fort has a banking in adding This and which pleased already definitive to and that across acquire economics, brings our transaction to at Bancorp. Green scale, is also a in Orlando our in a signed

innovative acquisition branches our Green Orlando further established three as best suite Significantly, as are First presence and very to forward Fort of attractive largest carved introduce this within strengthens respective differentiated the combining look First cost branch fourth seven well niche. and it acquisition XXXX mobile out our and banking Today, locations Florida-based located our was for customers. in First to and Lauderdale in market. strengthen of some our providing We other of Seacoast synergies. products is our six and Green's of combined that important Seacoast miles distinctive we will opportunities Green a the in position bank a the in market as important

We quickly year-end. that the Green integration First before will of we accomplish expect

Tampa, acquisitions the most of As we month, our we've terms first completed last recent in quarter and Palm resources Bank NorthStar Beach us in said call Palm Beach Corporation now the integration County operating integration our giving in on into of is Community two earnings our capacity pursue experience still that proven since our be our playbook and opportunities leadership other integrate franchise. value First the XXXX. while present our It seventh following to may having themselves. creating This to would Banking transaction Green

terms the in largest As an in Florida third the important in eighth makes XXXX, by Orlando growth for data MSA in last ranked propelled the MSA Orlando us, economy, economic today's is led creation and announcement U.S. clear, Orlando market of an increasingly in Florida Census nation the diversified year. job

with Chuck Central average of transaction the increased as transaction, shareholders. growth XX,XXX this expect in stress that I've but on will of once on XX%. X,XXX me franchise. rate One County, provide customers delighted combined we our important with XXXX First create joining Additionally, only central growth we've we Florida return said expand is value Lauderdale presence to let growth welcoming to final to and number Beach our balanced close Lauderdale Florida. acquisitions to First acquisitions customers the some now We in over XXXX banking Green. the Green's Palm recent in organic have our strategy we've times an which Florida. Green now Tampa Bay, most thought, for customers Orlando, elsewhere serve the Seacoast's Fort These Since details example forward customers Seacoast an and Fort completed in strong nearly with seven of used also internal family we're area look the to and in market in eight from to First of to employees grow our strengthen Florida them we

internal an to transaction this year with on in of payback excess a expect return we less one rate Specifically, of be XX%. than

transaction per tailwind these benchmarks our will acquisition a accretive net incrementally remain confident and Green be the Vision in to neutral growth profitable in the with XXXX decidedly fourth achieving adjusted for income closes acquisition positive sustained we XXXX has the Overall, the being Assuming share strong Seacoast and anticipate we XXXX quarter, during goals. First and beyond. financial to

Now, I'd few on take Shaffer call hand like through the Chuck transaction. to over a us the details to Chuck? to more

Chuck Shaffer

Thanks, joining for us morning. thank this you Denny, all and

at mentioned, slide First morning seacoastbanking.com. on I'll few you Slide on X this Denny And As start the which deck I'll comment Green. find reference can with

This seven and XXXX, acquisition First increased Fort Green builds largest States. which largest highly the adding the profitable with at Orlando loan strong March its the in acquisition Orlando, the XXX position branches Seacoast significantly our distribution with acquisitions deposit in is launch prior United headquartered five Orlando area, growing a $XXX of million Florida assets book Daytona three totaling in is our March operating third grown to First on MSA, Florida's as in XXXX. the Florida-based and MSAs market, million at is across scale. as in Since position bolsters XXXX, of and Green The portfolio branches bank by the Orlando Lauderdale. one franchise XX, and fastest

which XX, savings XXXX of loan XX% funding First XX% now majority up made market the now it's is the of checking, and firm's of an accounts, Green's deposit money of at referring average has represent and loan book checking funding. the funding X.XX% yield of represents March

X is weighted XXXX. shareholders of to X, $XX Green Let’s the on under XX-day agreement, shares translates to June share tangible pricing XXX.X and common merger X, or Slide deal of of the valued the Green X.XX at times First book value. Slide First as $XX.XX The based receive terms and X.XXXX per Seacoast stock will volume on average approximately million move transaction Seacoast of price

the authorities shareholders of We receipt for regulatory the customary expect the from to of closing conditions. fourth quarter and approval XXXX [First in of close approvals acquisition and after Bank] satisfaction

XX%. least out cost of expect We

over dilution an to within these foothold value other book this back expect XXX earned turn transaction acquisition, rate value year close. method, hold to our in the creating of XX%. key accretive then and in our Similar be phase north will transaction to is we the growing MSA. the one after strength tangible days a returned crossover first We Using

Given of accretive the assumptions share modeling identified for XX.X close, include review due to earnings the due timing mark the beyond to to used The expect credit and million of deal exposure developed loan XXXX per detailed to yield at following XX.X of XX% a XX%. goodwill or or together taken diligence more revenue be we of and of in We diligence which which synergies we of least modeling than million. turn were and does assumptions of over close. and mark loans not now of Denny. are million at estimated call our A I'll outstanding X.XX% approximately approved estimated X.XX% then achieve. of interest the deposits X shows back intangible plan core include record X.XX%

Dennis Hudson

and we I Chuck. update take few that appreciate to be would a Thanks questions. happy

Operator

Thank you.

We Sandler begin now Please will is question And your O'Neill. go the first from question-and-answer line Scouten Instructions] [Operator from our open. ahead comes Stephen session.

Stephen Scouten

your I privy number there I'm bank not credit curious quality mark. or one give of credit there relative that that drive if legacy that maybe you actual any wondering, start there? helped on view I'm large profile to, nuance now on the can to any am the more maybe specific issues is if somewhat background It and about the credit seemed

Dennis Hudson

any issues tell we can related it you, I was not particularly significant that encountered. to Well,

were so, they thought opportunity I us would think David well saw somewhat little we I say some at portfolio, to have areas but we as other portfolio. of to some that higher the for on bit it's risk a I look were actually things tell you other some we've the looked focused structured, we deals kind that higher though than accounts through that under solid gave I system, us wouldn’t the credit say least have our would generalized… of mark. at, -- higher any and significantly of

Stephen Scouten

Does it about that anything versus do a Or have little that it? is is? maybe think than book a your with chunkier theirs? the granularity of to to way potentially yours Is

David Houdeshell

look in granular even some it. some the these book say when they I we and -- No, they thought that were of that. classes asset But I were some fairly at sign are I through risk wouldn’t guess a things but you to we big to provision of say. should of higher numbers tend or little the classes that asset higher season some of the not all,

Stephen Scouten

and how do Or the three guys plays a guys there. you don’t timeframe but your you of of digital model how about to digital comes you benefit new kind Is from customers? know how approach do start as think your mean thinking, incremental incremental maybe -- that benefit? like I you about marketing the just or as then for out two I synergies think of plan these your new your all of kind this to you've will see deal which timeline? accomplished And the benefit that you across you revenue that you

Dennis Hudson

who do I point, first focused have synergies like and with to about this customers, out get helping acquisitions get that into our Seacoast and of to not I to things do say the any on that include Yes, we using communicating comfortable terms those learn Seacoast with any around the franchise, really we've with when customers unique we of initial are. we the think important revenue of to do your some and modeling them on-boarding thing in all we there. do that's that so done would we

to XX get kind we so, think things those Then, strategy real seen be that first into in to we'll to very have And first strategy a our help XXX of or days could what we I folks XXX let's the on strict some of guess XXX bring disciplined develops days over welcome slowly say began platform. we Steven beyond out days, you've value. and months the straightforward

the we're look and and us has make DDA just companies for impact a to you done meaningful First thing base we're for think kind the of Q&A, size some Also very, customers as base. introducing very customer customer fail acquiring the as to quite took reiterate work really a things excited to go approximately, important very transaction, mentioned. with in absorb that we them solid of mix, strong, with job forward. begin the this We're that group are very actually as we which their forward about building I to XX% impress we Green funding this nice XX,XXX is could

Stephen Scouten

grow for to your just all mean while? to maybe scale then the additional from footprint some do to you from Does think other or you’ve I-X other this for here be? of me. further feel you might got last want might Tampa you And I Orlando you incremental to need that M&A, here? areas about along benefit or you where the guess Corridor able do start be give in you a And where I for

Dennis Hudson

That’s as and good we’ve lead organic with said, forward, as we we growth. question lead always

so, supporting Seacoast is term of adding these strategy. focus the households in our concentrating focus, on growth with near be all our our cross-selling, balanced customers And the here going greater to into

to with profitable make -- you in scale if and to in opportunity deliver out also this that know at focused. yes, we’re a us was probably value important the at So are ruled but creating, scale scale to gives market. use we in though, that were we so as gives further and there’s that more left where a larger that's just earnings be in makes a lot but we market, so, us can Orlando investments more that us not another as and little We've acquisition going value an it market never said and to market more in really that shareholders,

us So an I this well market. think really in important position

Operator

Thank you.

Please from comes Steve Moss. question next open. go line ahead is Our your

Steve Moss

entered retain have the here to you any lenders agreements management? wondering Just into in

Dennis Hudson

that Yes, on that. lot of got place, on have right a in but we’re probably key to the more folks, We've agreements working come of some now.

Steve Moss

pretty decent but this for And or consider size wait one guys, you year close? you this till here, here then another my acquisition second would after question acquisition

Dennis Hudson

at did We well out and never that say, never, really two worked year, we us. for last you once know and as

a and it’s large we’ll having fairly on work that. though, do be have we focusing attention So customer to this said our that base with

we’ve -- our in though when I’m made -- indicated something because we’ll that state, the next remarks pending. the continue with we have to just is there that Again, to think that strong nothing customers years the and maintaining two more and relationships out with context we cross-sell we we as in with engaging use immediate, and think to we’ve customers We we’ve saying to over them in some growth, next M&A that organic engines us we growing method started focus the active. but to three though, the reiterate that we a not we I be growth capacity very customer we’ll is deeply base supplement continue use call see growth put do and and be to with that and primary our when of -- organic develop that to position every opportunities. a our strengthening our day our has

all depends opportunities. So, on the

Steve Moss

my guess this it a Or an wondering, was question transaction? I option? I was was And just last here negotiated

Dennis Hudson

and I some would team was we we talked conversation. met while. and day, to time dates some of year at with that it back last kind lead these a about First something folks began the Green for We sometime spent where

Operator

Thank you.

line Daniel open. from Raymond comes is question next Our from ahead go Please your Mannix James.

Daniel Mannix

just wanted on I to the So loan book. start

with in on And increase side side? the that of that comfortable exposure it So thoughts where other you the are the on be CRE your C&I seems material are coin, guess going? here, I a to what

Dennis Hudson

you what do of kind talk done? Chuck, to we've take that want historically

Chuck Shaffer

talked on and and those about past transactions portfolio come a the this to coming is would an loans example -- we Yes, through the where mark sure, put of opportunity in and we as we the added into had likely work it, that. with the acquisition CRE

move but model we on moving C&I ratio portfolio to our the This a we about book, past. we this do CRE as far going towards XXX% lower the some the is the it as exposure to CRE a towards like deal, the we we'll ways as with work moving C&I for so we was Our manage and moves the us lenders like the -- CRE towards to we XXX% consolidated we're into gearing C&I does structure C&I when roughly book. on the primarily move basis in towards guidance, XXX%, in modeling regulatory below ratio well had model we're exposures continue up have XXX%. through to establish as time, to a We as moved and book multiple us

We're granular some change doesn't C&I, it's an any way. it -- lending, still brings So focused opportunity that to attractive our this we the and bring on CRE mark in in feel with. strategy heavily and focused on comfortable

Dennis Hudson

I us focus. for grow to opportunity our provides Also think consumer

markets. have we're we'll through First thing, of as appetite to of smaller home residential as HELOC and We'll you nice have Green get not, we as of through lenders some with don't -- the that Green, to that job them expand we that some in has work loans still rebalance continue look done as a we know the clients. some good kind First some time. lending loans, of we equity done of to kind forward for Also CRE continue with and they well they've their at sort focus time consumer

last one So time. over just the it's it's we over see at jerk CRE done, after a deals, at look the of our place, every not something bit. come year little deal carefully that that very them of in we And kind a you seven down exposure that, And look bit. when back do little up we when we've something you every has exposure pushed

those So forward after through time. net, done, today ended keep we with go all and and net as CRE a way still exposure that modest were want we it deals we go very, to up very of

what back, a don’t to Chuck. a everybody, happen we number to a sorry that, within we what year but just I’m in down. done that seen it. begin working in peaks I in at goes but interested It as back a CRE couple so we’ve particularly in look happens from don’t month. deal -- over So every it think our have two of clear make doesn't to number have I come quarters number to and And or

Chuck Shaffer

a It's believe consolidated to X.XX% on I X.X% Sure. from and basis. that’s

Dennis Hudson

to XXX XXX.

Chuck Shaffer

sorry, XXX of to all you XXX, do.

Chuck Shaffer

right. Yes,

Steve Moss

Green improves We've from talked at like the that sensitivity base. about We’ve loan current the or whether I detracts us looks yield. your tell talked asset what First about sensitivity? guess you deposit Can and

Chuck Shaffer

talked benefits it is. deposit as we at of the one deposit is things so, at on we looked look the book. past, and we’ve of this Yes, of the like? in What as an granular the acquisition the book what's transaction When first portfolio this Orlando look Lauderdale. across is that does the franchise across markets deposit case, well portfolio right as look base And deposit multiple geographic and very like the the Daytona Fort and one in

and complementary and at And at saw so when this a so, DDA we XX% nice deposit look asset book supports is with sensitivity, complementary is that We are sensitivity. think the help we X.XXX% X.XX% one we will deposits we of It's with at Green. forward. forward the portfolios approximately as a attractive move funds cost look of more at First we the of cost bank, the deposit base

the transaction account our will think NIM effect and taking it asset basis yield sensitivity. on carry. forma X X looking related sensitivity loans effective about at points we and any adds to accretion pro We think to way, points And non-cash forma from forward, points if from be the margin basis we complementary it's basis adds So, on about you assets pro effect into the any don't to look X deposit. cost net interest negates in to without X about it accretive on NIM, a

combination sensitivity, So we asset the like NIM, positive so going positive it's forward.

Steve Moss

one One if for last me, can I guys.

deal, much a prepping billion it's little look we your infrastructure end be the you're mark. place forma early have guess I around are getting What X for this pro into might billion? next you How year question, this on that of So across currently? XX I of know out that as a bit but for thoughts in

Dennis Hudson

of even there with continue We’ve to that risk the the that. kind to next have a added build up. on talking we’re where billion, two. was a work so as out over hard of but with at the forth. just We over we’ve think be a the over over you’re the years the done the mean get new we chug guess people as I the don’t like like, been we any year forward of so lots billion We've same it organization that we last competency some Having work know it's I of over this of periods year. you we bank change in mark and the the operation -- quite functions a question us lot no plan just, the things or that really don’t lot was running doing and like think get it's recently have the around and with organic I next that all DFAST regulators risk scaling the of DFAST in enacted make Yes, But and line see last X that's to forward. larger crossing version our larger so bit kind scales work we the last for little continue first of couple further we've an risk get we I that. increasing I first clear, organization. for little to about to with of sure as of a of of defense our work of that and year $XX do it's and push said think all and year as do of second a we terms understanding of important that been our growth we'll

scale your out organization, the build answer a next right question, simply standpoint we standpoint, months. with of that that continue we're and will do XX over to in competency and have plan plan the we from alignment to to people continue So a a

Operator

you. Thank

your from ahead is open. from next Our line comes question Young Please go Michael SunTrust.

Michael Young

your ratio get kind up acquired organic on be I that? loan to just ramping period the of and to and as kind maybe maybe growth gearing what sense just pro someone but maybe and wanted of of some forma a need for potentially, about you of off going a a will where speak like production bank run think to qualitatively sounds can the you kind profile time forward, you're back comments it portfolio of the follow

Dennis Hudson

do you Chuck, to want handle that?

Chuck Shaffer

we policy the transactions, to would time our book in fact that there's going where our be credit our to we the in period -- in light. of we consider Michael, over current Yes, transition a credit

forward growth and in for about this aggregate case, loan so moving double-digit And low guidance our than we X% acquired the modeled our that's low-teen on growth. loan organization lower portfolio of

we And growth we transaction XX% conservatively model this case, try out model is loan loan so that to about but that outstanding. in and it growth if achievable, of we very conservative, on in think not did

Michael Young

accelerated, that overtime? downs of And see of is kind pay the something normal runoff maybe just not you this just CRE that's loans

Chuck Shaffer

what and to that's amortization wouldn’t and managed in be cases transactions, just normal in we've in expect any some the differently portfolios Exactly this seen design portfolio. than cases by acquired. we've behaving we've other effectively other as some portfolio then that of I

smaller had you books. smaller although back, CRE done will If look were CRE the higher at books, and transactions, all have higher the there banks deals look will we've most of

a And I say much anyway. similar so, it's we've in this would those is very different done transactions to and

Dennis Hudson

that very a that our risk know risk also strategic as of us us were absorb we made, to intentional growth a with able presented it itself from of the CRE as we the the some acquisition with aligning to compete appetite bit CRE with an took provided degree, to you from strategy exposure. in be away decision works but little opportunity which in better standpoint, position our us to It's some to a

numbers to back run look them deemphasize we time, matter the growth, whole that generally And do classes Green bank overall, as team it exposure it's to begin the But we taking and And that a to to have to included really where kind in we focus the those an various typically run not new off that folks not focus you us. those manage want strategy to way types entire over importantly marketing bunch and we’re thing, about, across we do CRE work that, down The at any have forward. brings we with we off asset look and if portfolio CRE we we we thing at a we to we that speaking, numbers good of footprint, down. go portfolio efforts work our in of a we’ve want the want with off a come seen desire running one First the business I to bunch we’re when sure we could numbers and last off others a business their feel As across opportunities clarify CRE customers state, we on emphasize in join customers the the do numbers holistic at of that the the it because and to our that of entire do acquired of work is run like. we exposure. loans because take make to understand overall of not sure and and making advantage how want work with with

Michael Young

to efficiency should going one should And that very out accretive next goals. about lower ratio, was of would taking XXs ratios maybe question assume in low at XX% and ratio but this the efficiency this end running targeted about the correct? to fairly the ratio of of that moving moving lower, accretive to efficiency is on be by targets be just year, I kind the year Bank half other picture and big the kind Green I cost. First mean

Chuck Shaffer

this and had transaction the there, ratio. beneficial take efficiency handle our to model aggregate way Yes, specific conversation too ratio without cost be you to where to you maybe you accretive I can of it think we out, is how well assume going as it’s efficiency and this outside getting the

Dennis Hudson

organization take Last when interesting, look across we moved new years, of I Orlando a ago, example center. whole a Michael, opened we call amount and of you about folks operations I market, center XX a call the in we today for at last to at Orlando have Orlando, Again, our or over year year, the look XXX fair into the the franchise. XX couple we entire have employees And the employees we’ve think in maybe up market. we kind last think over and over the the the Orlando of

So, out really employee gives looking couple we’ve a and advantages organization. market Green areas people base pretty of the to in is of over the continue Orlando years. one this really that than the fair that strong forward attract great next of and we’re ability build in to that First to for and deal really of We different aspects real think, us there a to attractive great people insights looking operated a time, might more into together you and some it as people probably have long placed getting team the find

Michael Young

you’re And them bank. last customer products on new product And each if any bringing to the kind the and there that one I base? First not, of what could sneak one table? capabilities products Are if of just new that either their Green to brings

Dennis Hudson

the and the a some come and at insights able part engage terms get the they into how lots through listing and of deeper though them the bring going to-date seen first customers in the and more really that market. we of to looking drive have the of the to most terms they into serve What of handle to is we all Probably set with getting pretty relationships the of as think the of products we work and do folks in to customer business of franchise. that be we've as to deeper across work to expanding products the market want unique a some we of small we've carefully very we'll quick some we is, products Green Green, going the treasury expanded we that we done First products think what the of great of deliver customers and deliver engagement is data be We’ll as an there. is analytics that includes some they're I and and continue we alignment down we the ways people in lot and around can closer with ability to very are find that the at do to sit really exactly help base of in First and weeks around will understanding few to interesting of important acquire -- listening, thing

be it'll every begin with in to together deal. we So, our that fun do discover team we a as as

David Houdeshell

platform too Denny, know because past, earlier, reiterate set. point talked could if was products you have the products a we the made base, we is in point to of the just analytics consumer but I strong we set the with there there key built a in wide jump with consumer point I as

set. We products have strong mortgage

have a well team. We

And so analytics going base, use customer this it's to advantage relationships acquired of forward. transaction to granularity we the as significant to opportunities deepen bring and products. great we base an the for when in opportunities of with that size create given those usually growth data bring XX,XXX bring to and it's move to all And the customers,

Dennis Hudson

big Yes, very have have across that I this came growth the a would bases state. acquired out the wealth had that a of the and It's gratifying. we that been and customer say of chunk last year we best had, of we some

Operator

Sentinel. our Please open. Bill And Orlando question Zimmerman line is your from go last comes from ahead

Bill Zimmerman

the does fit the about retentions customer customer the responsible of marketing customers to projections on-boarding serve that environmentally process? socially being amount A during certain and Talking been and have your into into responsible. on-boarding being our customers. here able for of How buying

Dennis Hudson

plus to Right, are bank all and we Green with like, it's the focus forward well, great to for extensive aligned great. banking I to lives great responsible focused the organization First the our mobile what our in at build with the But our a services, find customers on really which of firms. look hard based and XX-year-old very think as think them Florida online Seacoast alignment providing every is history we is, going with as that's be think to to first a share bit our entirely communities focus. responsible, And help and First of being committed socially and at them and the for with kind it when the if and of socially think environment new our concern customers, that on find two that's about deeply heart socially and Green of it's heart state, combination will is I we're you First help we responsible who for their being and of believe community what Green's a banking improve customers their customers stronger an mission you

Bill Zimmerman

three You of mentioned within each the some of those locations are together. miles of take that fold and to other sort ability

how You've things you that forward? those on, employees to in as does determinations expect keep also those said several factor so you two make going

Dennis Hudson

ago will of be and heard that are combined people in we’re a the doesn't few from their lot there offices offices talking there we at the operations Yes, about and in no and about joining ago that consolidation of look that think year that. of in when our addition folks years But continue decision employers to we mentioned the minutes that Orlando moved provided things we close. the customers. the It probably retain moved Orlando right Orlando organizations. year one we that ago, of combined opens people mean a team, for into both important our market like of some for of a earlier, and market make we to team overall for boost last employment connected tremendous operations means to branches people terms center over XXX people, again us the And customers growing last and the that a opportunities and we and to to specifically critically the couple offices we've in been we was up focus And faster will that our over year. significant and probably make example, team the question pretty a call will market sure you've loan of branches. it's expand our and about I a half build moved I both

opportunities. continue the to will lots of grow market our looking and we’re So employment to overall find in we

open end we’re people hardest we of place picking extent to we we're is great the those as we this extent make pretty the as that number of our have over open, those positions obviously, hold and to many need to And to today, can have lots XXX combined time into in darn going count we and work position, know, to positions hold open You the more possibly we'll grow going the capabilities do sure in people find many what with we that talent I of that up organizations. that, job and company. a we good

Bill Zimmerman

locations decision those you into and locations the yourself far capabilities. your interested several car locations, a in analysis line more have which Green far you solar you've expenses? on they if one I or gotten as line know certification know Will or how as First question, don't educating I'm of that or bottom as very but at charging in bottom And LEED factor operating look electric matter, to

Dennis Hudson

we'll of soon obviously, We want at -- make that. look to it's those to way Yes, too decisions. all

more sure have time, just that they physical later do say through those we'll to to quite with the we’re like want and going job we’re done looking get So, many the with to on keep that I'm of impressed they've but to now. locations,

will we we So, as through time. say get

Operator

showing at I’m time. further this not any And questions

Dennis Hudson

will we Great, quarter. with back you time, continue to the provide call time and morning. spending post as us we go Thank thank as for well, we through some to in talking forward be you. look We again on you our updates, to we July you this

Operator

This ladies you, Thank gentlemen. participating. you for and conference. concludes Thank today’s

You may disconnect. now

Seacoast Banking Corporation of Florida (SBCF) 12 Jun 182018 Q1 Earnings call transcript