Seacoast Banking Corporation of Florida reports results for the quarter ended December 31 - Earnings Summary

• Seacoast Banking Corporation of Florida SBCF.OQ reported quarterly adjusted earnings of 48 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 43 cents. The mean expectation of six analysts for the quarter was for earnings of 33 cents per share. Wall Street expected results to range from 24 cents to 38 cents per share.

• Revenue rose 3.7% to $132.87 million from a year ago; analysts expected $131.51 million.

• Seacoast Banking Corporation of Florida's reported EPS for the quarter was 40 cents​.

• The company reported quarterly net income of $34.09 million.

• Seacoast Banking Corporation of Florida shares had fallen by 2.9% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3.2% 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," 4 "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 January 27 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)