Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$124.1m (down 7.7% from 3Q 2023).

• Net income: US$30.7m (down 2.4% from 3Q 2023).

• Profit margin: 25% (up from 23% in 3Q 2023). The increase in margin was driven by lower expenses.

• EPS: US$0.36 (down from US$0.37 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Seacoast Banking Corporation of Florida EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.2%.

Looking ahead, revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are down 5.4% from a week ago.

Risk Analysis

Be aware that Seacoast Banking Corporation of Florida is showing 1 warning sign in our investment analysis that you should know about...

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