Seacoast Banking Corporation of Florida Past Earnings Performance

Past criteria checks 5/6

Seacoast Banking of Florida has been growing earnings at an average annual rate of 5.6%, while the Banks industry saw earnings growing at 18% annually. Revenues have been growing at an average rate of 15.2% per year. Seacoast Banking of Florida's return on equity is 5.3%, and it has net margins of 23.6%.

Key information

5.6%

Earnings growth rate

-5.4%

EPS growth rate

Banks Industry Growth	10.6%
Revenue growth rate	15.2%
Return on equity	5.3%
Net Margin	23.6%
Last Earnings Update	30 Sep 2024

Recent past performance updates

No updates

Recent updates

Revenue & Expenses Breakdown

How Seacoast Banking Corporation of Florida makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

DB:SBG1 Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 24	494	116	246
30 Jun 24	504	117	277
31 Mar 24	530	118	283
31 Dec 23	528	104	289
30 Sep 23	527	98	325
30 Jun 23	492	96	266
31 Mar 23	441	98	238
31 Dec 22	406	107	209
30 Sep 22	378	119	179
30 Jun 22	363	113	179
31 Mar 22	352	111	172
31 Dec 21	356	124	174
30 Sep 21	343	117	158
30 Jun 21	339	117	154
31 Mar 21	328	111	152
31 Dec 20	286	78	160
30 Sep 20	278	76	155
30 Jun 20	268	79	144
31 Mar 20	265	77	141
31 Dec 19	288	99	139
30 Sep 19	285	88	148
30 Jun 19	272	78	146
31 Mar 19	261	72	142
31 Dec 18	250	67	138
30 Sep 18	253	64	126
30 Jun 18	251	62	124
31 Mar 18	244	53	128
31 Dec 17	229	43	129
30 Sep 17	203	41	120
30 Jun 17	193	36	118
31 Mar 17	183	33	111
31 Dec 16	175	29	109
30 Sep 16	165	24	107
30 Jun 16	154	20	108
31 Mar 16	145	20	101
31 Dec 15	139	22	87
30 Sep 15	134	15	136
30 Jun 15	123	13	107
31 Mar 15	114	9	85
31 Dec 14	104	6	75
30 Sep 14	93	8	60
30 Jun 14	90	49	60
31 Mar 14	88	49	60
31 Dec 13	87	48	60

Quality Earnings: SBG1 has high quality earnings.

Growing Profit Margin: SBG1's current net profit margins (23.6%) are higher than last year (18.7%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: SBG1's earnings have grown by 5.6% per year over the past 5 years.

Accelerating Growth: SBG1's earnings growth over the past year (18.3%) exceeds its 5-year average (5.6% per year).

Earnings vs Industry: SBG1 earnings growth over the past year (18.3%) exceeded the Banks industry 12.6%.

Return on Equity

High ROE: SBG1's Return on Equity (5.3%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/27 11:03
End of Day Share Price	2024/12/27 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Seacoast Banking Corporation of Florida is covered by 14 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Stephen Moss	B. Riley Securities, Inc.
Robert Ramsey	FBR Capital Markets & Co.
Jeffrey Cantwell	Guggenheim Securities, LLC