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

• Seacoast Banking Corporation of Florida SBCF.OQ reported quarterly adjusted earnings of 38 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 37 cents. The mean expectation of six analysts for the quarter was for earnings of 40 cents per share. Wall Street expected results to range from 38 cents to 42 cents per share.

• Revenue rose 12% to $140.70 million from a year ago; analysts expected $137.87 million.

• Seacoast Banking Corporation of Florida's reported EPS for the quarter was 37 cents​.

• The company reported quarterly net income of $31.46 million.

• Seacoast Banking Corporation of Florida shares had fallen by 7.9% this quarter and lost 13.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 9.1% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

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 $30.00

This summary was machine generated from LSEG data April 24 at 09:54 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)