SBCF Earnings Prediction
The chart below shows how SBCF performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SBCF sees a -3.16% change in stock price 10 days leading up to the earnings, and a +0.32% change 10 days following the report. On the earnings day itself, the stock moves by +0.62%. This data can give you a slight idea of what to expect for the next quarter's release.
SBCF Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
118.85M
-1.82%
-1.74%
Gross Margin
--
--
--
Operating Margin
36.75%
15.93%
11.84%
Net Margin
28.68%
17.54%
13.18%
EPS
0.40
14.29%
11.11%
No Data Available
SBCF Earnings Analysis
Seacoast Banking Corporation of Florida Corporation (SBCF.O) Earnings Conference Call
Positive
Earnings Growth Highlights: Adjusted pretax pre provision earnings increased by 22% to $56.6 million from the prior quarter, showcasing strong profitability enhancements.
Net Interest Income Increase: Net interest income rose by 9% to $115.8 million, driven by a 22 basis point expansion in net interest margin to 3.39%.
Record Loan Production: Loan production reached a record $900 million in the 4th quarter, reflecting a diversified loan portfolio and a 4% annualized growth in loans.
Wealth Management Growth: Wealth management assets under management increased by 20% year over year to $2.1 billion, demonstrating strong growth in this segment.
Tangible Book Value Increase: Tangible book value per share rose by 7% year over year to $16.12, indicating a solid capital position and commitment to shareholder value.
Negative
Decline in Loan Yields: Loan yields declined by 10 basis points to 5.48%, primarily due to the impact of lower Fed funds rates and adjustments from the planned sale of consumer FinTech loans.
Pre-Tax Loss from Securities: The company reported a pre-tax loss of approximately $8,000,000 from the sale of securities with an average book yield of 2.8%, negatively impacting 4th quarter results.
Service Charges Decline: Service charges decreased significantly due to fee waivers post-hurricane, contributing to a decline in non-interest income despite other areas showing growth.
Credit Loss Allowance Decrease: The allowance for credit losses decreased to 1.34% of total loans, down from 1.38% in the prior quarter, indicating potential concerns about future loan performance.
Deposit Growth Challenges: Total deposits remained flat at $12,200,000,000 from the prior quarter, suggesting challenges in deposit growth despite efforts to enhance the deposit base.
SBCF FAQs
How does SBCF typically perform around its earnings report dates?
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SBCF Earning Call Sentiment
Earnings call transcript: Seacoast Banking Q4 2024 beats EPS expectations
SBCF.O
-0.9%Positive
The earnings call summary reveals a mixed outlook: strong financial performance with increased net interest margin and adjusted earnings, but concerns over inflationary pressures and lack of clear guidance on M&A opportunities. The Q&A session highlights uncertainties regarding loan growth and expense management, with analysts receiving vague responses on M&A timelines. Given the market cap of $1.97 billion, these mixed signals suggest a neutral stock price movement, as positive financial metrics are offset by uncertainties in guidance and strategic execution.
