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

Seacoast Banking of Florida

27/04/2023 22:43

* Seacoast Banking Corporation of Florida  SBCF.OQ  reported
quarterly adjusted earnings of 36 cents​​ per share for the
quarter ended in March. The mean expectation of six analysts for
the quarter was for earnings of 36 cents per share.
    * Revenue rose 67.1% to $153.60 million from a year ago;
analysts
expected $156.29 million. 
    * Seacoast Banking Corporation of Florida's reported EPS for
the
quarter was 15 cents​.
    * The mean earnings estimate of analysts had risen by
about 158.3%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * Seacoast Banking Corporation of Florida shares had fallen
by 10.1% this quarter and lost 31.7% so far this year.
    * The company reported quarterly net income of $11.83
million.
    * Wall Street's median 12-month price target for Seacoast
Banking
Corporation of Florida is $32.50 
    * 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
April 27 at 09:43 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.36           0.36           Met
 Dec. 31 2022      0.15           0.34           Beat
 Sep. 30 2022      0.59           0.47           Missed
 Jun. 30 2022      0.53           0.53           Met