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

Seacoast Banking of Florida

27/07/2023 22:46

* Seacoast Banking Corporation of Florida  SBCF.OQ  reported
quarterly adjusted earnings of 58 cents​​ per share for the
quarter ended in June. The mean expectation of six analysts for
the quarter was for earnings of 52 cents per share.
    * Revenue rose 50.6% to $148.54 million from a year ago;
analysts
expected $154.60 million. 
    * Seacoast Banking Corporation of Florida's reported EPS for
the
quarter was 37 cents​.
    * The mean earnings estimate of analysts had fallen by
about 10.3%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Seacoast Banking Corporation of Florida shares had risen
by 22.2% this quarter and lost 13.4% so far this year.
    * The company reported quarterly net income of $31.25
million.
    * Wall Street's median 12-month price target for Seacoast
Banking
Corporation of Florida is $26.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
27 at 09:46 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.52           0.58           Beat
 Mar. 31 2023      0.36           0.36           Met
 Dec. 31 2022      0.15           0.34           Beat
 Sep. 30 2022      0.59           0.47           Missed