Seacoast Banking Corporation of Florida reports results for the quarter ended in September 30 - Earnings Summary

Seacoast Banking of Florida

27/10/2024 15:47

* Seacoast Banking Corporation of Florida  SBCF.OQ  reported
quarterly adjusted earnings of 36 cents​​ per share for the
quarter ended September 30, lower than the same quarter last
year, when the company reported EPS of 46 cents.  The mean
expectation of seven analysts for the quarter was for earnings
of 36 cents per share. Wall Street expected results to range
from 34 cents to 38 cents per share.
    * Revenue fell 4.9% to $130.34 million from a year ago;
analysts
expected $129.20 million. 
    * Seacoast Banking Corporation of Florida's reported EPS for
the
quarter was 36 cents​.
    * The company reported quarterly net income of $30.65
million.
    * Seacoast Banking Corporation of Florida shares had risen
by 1.6%
this quarter and lost 4.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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." 
    * 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 October 27 at
03:47 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
 Sep. 30 2024      0.36           0.36           Met
 Jun. 30 2024      0.34           0.36           Beat
 Mar. 31 2024      0.35           0.37           Beat
 Dec. 31 2023      0.40           0.43           Beat