Seacoast Banking Corporation of Florida (NASDAQ:SBCF) is set to announce second quarter earning results on Thursday 23rd July 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, SBCF to report 2Q20 income of $ 0.34 per share.
For the full year, analysts anticipate top line of $ 322.87 million, while looking forward to income of $ 1.23 per share bottom line.
Previous Quarter Performance
Seacoast Banking Corporation of Florida outlined income for the first quarter of $ 0.10 per share, from the revenue of $ 77.86 million. The quarterly earnings declined 77.27 percent while revenues gained 5.77 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.38 per share from $ 75.27 million in revenue. The bottom line results missed street analysts by $ 0.28 or 73.68 percent, at the same time, top line results outshined analysts by $ 2.59 million or 3.44 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of SBCF was $ 19.44, representing a 46.17 % increase from the 52 week low of $ 13.30 and a 38.13 % decrease over the 52 week high of $ 31.42.
The company has a market capital of $ 1.03 billion and is part of the Financial Services sector and Banks – Regional – US industry.
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Seacoast Banking Corporation of Florida operates as the bank holding company for Seacoast National Bank that provides financial services to retail and commercial customers in Florida. The company offers commercial and retail banking, wealth management, and treasury management services, as well as home mortgage products; and brokerage and annuity services. It operates through 51 traditional branches and 7 commercial banking centers.
