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Seacoast Banking Corporation Of Florida (SBCF)
NASDAQ:SBCF
RESEARCH TOOLSreports
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.4Last Year’s EPS
0.37Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 27, 2025
|% Change Since: 3.57%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong performance with significant profitability enhancements, record loan production, and an improved capital position. Although there were impacts from hurricanes and a securities portfolio repositioning loss, these were overshadowed by the overall positive financial results and growth achievements.Company Guidance
During Seacoast Banking Corporation's Fourth Quarter and Full Year 2024 Earnings Conference Call, several key financial metrics and guidance for 2025 were highlighted. Adjusted pre-tax pre-provision earnings surged by 22% to $56.6 million, with a notable net interest margin expansion of 22 basis points to 3.39%. The cost of deposits was reduced by 26 basis points, settling at 2.08%, while loans grew at an annualized rate of 4%. The adjusted return on tangible assets increased to 1.24%, and the adjusted efficiency ratio improved to 56.1%. The capital position remained robust, with a tangible common equity ratio of 9.6% and a CET1 ratio of 14.8%. Looking ahead, Seacoast projects low-to-mid single-digit loan growth in the early part of 2025, accelerating to high single-digits by year-end, and anticipates the core net interest margin to expand by 7 to 10 basis points in Q1, with a potential year-end figure of approximately 3.35%, assuming one Fed rate cut.Strong Profitability Enhancements
Adjusted pre-tax pre-provision earnings were $56.6 million, a 22% increase from the prior quarter. The net interest margin expanded by 22 basis points to 3.39%.
Record Loan Production
Loan production reached a record with originations of $900 million during the period, with a diversified loan volume in both C&I and commercial real estate.
Improvement in Asset Quality
Significant decline in classified and criticized assets. The ratio of criticized and classified loans to total loans decreased to 2.17%.
Capital Position Strength
Tangible common equity ratio stands at 9.6% and a CET1 ratio of 14.8%, indicating a strong capital position.
Growth in Wealth Management
Wealth management division achieved record new assets under management, increasing total AUM by 20% year-over-year to $2.1 billion.
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SBCF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SBCF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 27, 2025 | $27.20 | $28.39 | +4.38% |
| Oct 24, 2024 | $26.90 | $26.17 | -2.71% |
| Jul 25, 2024 | $28.29 | $28.33 | +0.14% |
| Apr 25, 2024 | $23.15 | $22.89 | -1.12% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Seacoast Banking Corporation Of Florida (SBCF) report earnings?
Seacoast Banking Corporation Of Florida (SBCF) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Seacoast Banking Corporation Of Florida (SBCF) earnings time?
Seacoast Banking Corporation Of Florida (SBCF) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SBCF EPS forecast?
SBCF EPS forecast for the fiscal quarter 2025 (Q1) is 0.4.
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