Seacoast Commerce Banc Holdings announced unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the period, the company reported net income of $1.6 million, or a 7.4% decrease over first quarter 2016 net income of $1.7 million. Return on average common equity was 15.33% compared to 19.71% a year ago. Return on average assets was 1.09% compared to 1.33% a year ago. Earnings per basic share was $0.26 compared to $0.29 a year ago. Net interest income was $6,353,000 compared to $5,552,000 a year ago. Book value per share was $7.22 compared to $6.21 a year ago.