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Seacoast Banking Corporation Of Florida (SBCF)
:SBCF
RESEARCH TOOLSreports
Earnings Data
Report Date
Jul 24, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.43Last Year’s EPS
0.36Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 24, 2025
|% Change Since: -0.59%
|Next Earnings Date:Jul 24, 2025
Earnings Call Sentiment|Positive
Seacoast Banking Corporation reported a strong quarter with significant growth in loans and deposits, a healthy net interest margin, and robust capital ratios. However, the call acknowledged economic uncertainty and potential risks from tariffs, which could impact future growth. Despite these challenges, the bank's strong performance and strategic investments position it well for continued growth.Company Guidance
In the first quarter of 2025, Seacoast Banking Corporation exhibited strong performance metrics, signaling a promising start to the fiscal year. The company reported a 9 basis point increase in net interest margin, alongside a 15 basis point decline in the cost of deposits. Loans grew by 6% on an annualized basis, and deposits saw an 11% annualized growth rate, with a 17% increase in non-interest-bearing demand deposits. The adjusted pre-tax pre-provision earnings rose by 22% compared to the same quarter in the previous year, while tangible book value per share increased by 10%. Seacoast's asset quality remained robust, with a 68 basis point drop in the non-performing loan ratio, and they maintained a conservative approach by holding the allowance coverage ratio flat amidst market uncertainty. The company's continued investment in talent was reflected in the onboarding of 10 revenue-producing bankers, contributing to the strong growth trajectory. Additionally, Seacoast's capital position remained solid with a Tier 1 capital ratio of 14.7% and a tangible common equity to tangible assets ratio of 9.6%.Strong Loan and Deposit Growth
Seacoast delivered a strong quarter for both loans and deposits, with a 6% annualized loan growth and deposit growth at nearly 11% annualized. Non-interest-bearing demand deposits grew 17% annualized.
Net Interest Margin and Cost of Deposits
Net interest margin increased by 9 basis points to 3.48%, while the cost of deposits declined by 15 basis points to 1.93%.
Robust Capital Position
Seacoast's Tier 1 capital ratio is 14.7%, and the ratio of tangible common equity to tangible assets is 9.6%. Tangible book value per share grew 10% year-over-year.
Wealth Management and Insurance Income Growth
Wealth management revenue increased by 20%, and insurance agency income grew by 25% year-over-year.
Asset Quality and Credit Metrics
Asset quality remained strong, with the NPL ratio dropping 68 basis points and non-performing loans decreasing by approximately $21 million from the prior quarter.
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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 |
|---|---|---|---|
| Apr 24, 2025 | $23.87 | $23.73 | -0.59% |
| Jan 27, 2025 | $27.01 | $28.19 | +4.37% |
| Oct 24, 2024 | $26.71 | $25.98 | -2.73% |
| Jul 25, 2024 | $28.09 | $28.13 | +0.14% |
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 Jul 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 Jul 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 (Q2) is 0.43.
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