Seacoast Banking Corporation of Florida reports results for the quarter ended December 31 - Earnings Summary

Seacoast Banking of Florida

27/01/2025 22:01

* Seacoast Banking Corporation of Florida  SBCF.OQ  reported
quarterly adjusted earnings of 48 cents​​ per share for the
quarter ended December 31, higher than the same quarter last
year, when the company reported EPS of 43 cents.  The mean
expectation of six analysts for the quarter was for earnings of
33 cents per share. Wall Street expected results to range from
24 cents to 38 cents per share.
    * Revenue rose 3.7% to $132.87 million from a year ago;
analysts
expected $131.51 million. 
    * Seacoast Banking Corporation of Florida's reported EPS for
the
quarter was 40 cents​.
    * The company reported quarterly net income of $34.09
million.
    * Seacoast Banking Corporation of Florida shares had fallen
by 2.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "hold"

Wall Street's median 12-month price target for Seacoast Banking
Corporation of Florida is $29.00 
This summary was machine generated from LSEG data January 27 at
10:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.33           0.48           Beat
 Sep. 30 2024      0.36           0.36           Met
 Jun. 30 2024      0.34           0.36           Beat
 Mar. 31 2024      0.35           0.37           Beat