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

Seacoast Banking of Florida

25/01/2024 22:01

* Seacoast Banking Corporation of Florida  SBCF.OQ  reported
quarterly adjusted earnings of 43 cents​​ per share for the
quarter ended in December, higher than the same quarter last
year, when the company reported EPS of 34 cents.  The mean
expectation of seven analysts for the quarter was for earnings
of 40 cents per share. Wall Street expected results to range
from 38 cents to 43 cents per share.
    * Revenue fell 6.7% to $128.16 million from a year ago;
analysts
expected $135.57 million. 
    * Seacoast Banking Corporation of Florida's reported EPS for
the
quarter was 35 cents​.
    * The company reported quarterly net income of $29.54
million.
    * Seacoast Banking Corporation of Florida shares had fallen
by 6.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.4%
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," 5
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Seacoast
Banking
Corporation of Florida is $26.75 

This summary was machine generated from LSEG data January 25 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 2023      0.40           0.43           Beat
 Sep. 30 2023      0.40           0.46           Beat
 Jun. 30 2023      0.52           0.58           Beat
 Mar. 31 2023      0.36           0.36           Met