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

Seacoast Banking of Florida

26/10/2023 23:20

* Seacoast Banking Corporation of Florida  SBCF.OQ  reported
quarterly adjusted earnings of 46 cents​​ per share for the
quarter ended in September. The mean expectation of
seven analysts for the quarter was for earnings of 40 cents per
share.
    * Revenue rose 31.3% to $137.10 million from a year ago;
analysts
expected $138.92 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 21.7%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Seacoast Banking Corporation of Florida shares had fallen
by 10.7% this quarter and lost 37.2% so far this year.
    * The company reported quarterly net income of $31.41
million.
    * Wall Street's median 12-month price target for Seacoast
Banking
Corporation of Florida is $25.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 26 at 10:19 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.40           0.46           Beat
 Jun. 30 2023      0.52           0.58           Beat
 Mar. 31 2023      0.36           0.36           Met
 Dec. 31 2022      0.15           0.34           Beat