Seacoast Banking Corporation of Florida Future Growth

Future criteria checks 2/6

Seacoast Banking of Florida is forecast to grow earnings and revenue by 16.6% and 3% per annum respectively. EPS is expected to grow by 15.8% per annum. Return on equity is forecast to be 6.6% in 3 years.

Key information

16.6%

Earnings growth rate

15.8%

EPS growth rate

Banks earnings growth	7.3%
Revenue growth rate	3.0%
Future return on equity	6.6%
Analyst coverage	Good
Last updated	02 Apr 2024

Recent future growth updates

Recent updates

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Has Announced A Dividend Of $0.18

Mar 01

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Is Paying Out A Dividend Of $0.18

Jan 22

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Has Affirmed Its Dividend Of $0.18

Nov 21

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Has Affirmed Its Dividend Of $0.18

Sep 04

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Will Pay A Dividend Of $0.18

Aug 21

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Is Due To Pay A Dividend Of $0.18

Jul 25

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Is Paying Out A Dividend Of $0.18

Jun 02

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Will Pay A Dividend Of $0.18

May 19

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Will Pay A Dividend Of $0.18

Apr 25

Seacoast Banking Corporation of Florida declares $0.17 dividend

Oct 18

SeaCoast to acquire Florida's Professional Bank in accretive earnings deal

Aug 08

Seacoast Banking Corporation of Florida's (NASDAQ:SBCF) Upcoming Dividend Will Be Larger Than Last Year's

May 21

Seacoast Banking Corporation of Florida's (NASDAQ:SBCF) Dividend Will Be Increased To US$0.17

May 07

Seacoast Banking Corporation of Florida's (NASDAQ:SBCF) Upcoming Dividend Will Be Larger Than Last Year's

Apr 23

Here's Why I Think Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Is An Interesting Stock

Apr 04

Earnings and Revenue Growth Forecasts

NasdaqGS:SBCF - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2025	560	146	N/A	N/A	6
12/31/2024	524	127	N/A	N/A	6
12/31/2023	528	104	140	151	N/A
9/30/2023	527	98	159	169	N/A
6/30/2023	492	96	137	156	N/A
3/31/2023	441	98	137	154	N/A
12/31/2022	406	107	183	196	N/A
9/30/2022	378	119	183	197	N/A
6/30/2022	363	113	165	171	N/A
3/31/2022	352	111	157	162	N/A
12/31/2021	356	124	150	155	N/A
9/30/2021	343	117	145	147	N/A
6/30/2021	339	117	111	112	N/A
3/31/2021	328	111	82	83	N/A
12/31/2020	286	78	59	61	N/A
9/30/2020	278	76	59	61	N/A
6/30/2020	268	79	97	99	N/A
3/31/2020	265	77	120	122	N/A
12/31/2019	288	99	115	118	N/A
9/30/2019	285	88	117	120	N/A
6/30/2019	272	78	114	117	N/A
3/31/2019	261	72	114	117	N/A
12/31/2018	250	67	126	130	N/A
9/30/2018	253	64	80	85	N/A
6/30/2018	251	62	79	84	N/A
3/31/2018	244	53	59	65	N/A
12/31/2017	229	43	43	49	N/A
9/30/2017	203	41	N/A	68	N/A
6/30/2017	193	36	N/A	62	N/A
3/31/2017	183	33	N/A	63	N/A
12/31/2016	175	29	N/A	62	N/A
9/30/2016	165	24	N/A	38	N/A
6/30/2016	154	20	N/A	37	N/A
3/31/2016	145	20	N/A	36	N/A
12/31/2015	139	22	N/A	30	N/A
9/30/2015	134	15	N/A	42	N/A
6/30/2015	123	13	N/A	32	N/A
3/31/2015	114	9	N/A	19	N/A
12/31/2014	104	6	N/A	22	N/A
9/30/2014	93	8	N/A	11	N/A
6/30/2014	90	49	N/A	26	N/A
3/31/2014	88	49	N/A	39	N/A
12/31/2013	87	48	N/A	50	N/A
9/30/2013	85	47	N/A	42	N/A
6/30/2013	84	2	N/A	21	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SBCF's forecast earnings growth (16.6% per year) is above the savings rate (2.3%).

Earnings vs Market: SBCF's earnings (16.6% per year) are forecast to grow faster than the US market (14.4% per year).

High Growth Earnings: SBCF's earnings are forecast to grow, but not significantly.

Revenue vs Market: SBCF's revenue (3% per year) is forecast to grow slower than the US market (7.9% per year).

High Growth Revenue: SBCF's revenue (3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SBCF's Return on Equity is forecast to be low in 3 years time (6.6%).

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Seacoast Banking Corporation of Florida Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Price target increased by 7.1% to US$25.82

Consensus EPS estimates fall by 19%

Price target decreased by 7.8% to US$26.17

Price target decreased by 8.1% to US$28.38

Consensus EPS estimates fall by 13%

Price target decreased by 8.0% to US$32.38

Recent updates

Seacoast Banking Corporation of Florida Declares Quarterly Cash Dividend, Payable on June 28, 2024

Now 21% undervalued after recent price drop

Seacoast Banking Corporation of Florida, Annual General Meeting, May 21, 2024

Seacoast Banking Corporation of Florida to Report Q1, 2024 Results on Apr 25, 2024

New minor risk - Earnings quality

Upcoming dividend of US$0.18 per share

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Has Announced A Dividend Of $0.18

Full year 2023 earnings: EPS misses analyst expectations

Insufficient new directors

Seacoast Banking Corporation of Florida Announces Retirement of Julie H. Daum as Board of Directors

Full year 2023 earnings: EPS misses analyst expectations

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Is Paying Out A Dividend Of $0.18

Seacoast Banking Corporation of Florida Declares Quarterly Dividend on Common Stock, Payable on March 29, 2024

Seacoast Banking Corporation of Florida to Report Q4, 2023 Results on Jan 25, 2024

Director exercised options and sold US$999k worth of stock

Seacoast Banking Corporation of Florida Seacoast National Bank Appoints Julie Kleffel to Chief Operating Officer

Seacoast Banking Corporation of Florida (NasdaqGS:SBCF) announces an Equity Buyback for 4% of its issued share capital, for $100 million.

Price target increased by 7.1% to US$25.82

Upcoming dividend of US$0.18 per share at 2.9% yield

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Has Affirmed Its Dividend Of $0.18

Investor sentiment improves as stock rises 15%

Chairman exercised options to buy US$576k worth of stock.

New minor risk - Earnings quality

Third quarter 2023 earnings: Revenues and EPS in line with analyst expectations

Seacoast Banking Corporation of Florida Declares Quarterly Dividend on Common Stock, Payable on December 29, 2023

Now 22% undervalued after recent price drop

Seacoast Banking Corporation of Florida to Report Q3, 2023 Results on Oct 26, 2023

Now 20% undervalued

Upcoming dividend of US$0.18 per share at 3.1% yield

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Has Affirmed Its Dividend Of $0.18

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Will Pay A Dividend Of $0.18

Consensus EPS estimates fall by 19%

Now 20% undervalued

Seacoast Banking Corporation of Florida Reports Net Charge-Offs for the Second Quarter Ended June 30, 2023

Seacoast Banking Corporation of Florida Appoints Joseph “Jay” B. Shearouse, III as Director

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Is Due To Pay A Dividend Of $0.18

Seacoast Banking Corporation of Florida to Report Q2, 2023 Results on Jul 27, 2023

Price target decreased by 7.8% to US$26.17

Investor sentiment improves as stock rises 15%

Upcoming dividend of US$0.18 per share at 3.1% yield

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Is Paying Out A Dividend Of $0.18

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Will Pay A Dividend Of $0.18

Price target decreased by 8.1% to US$28.38

Independent Director recently bought US$99k worth of stock

Consensus EPS estimates fall by 13%

First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Will Pay A Dividend Of $0.18

Price target decreased by 8.0% to US$32.38

Price target decreased by 7.0% to US$33.04

Investor sentiment deteriorates as stock falls 28%

Upcoming dividend of US$0.17 per share at 2.3% yield

Chairman recently sold US$71k worth of stock

Full year 2022 earnings: EPS exceeds analyst expectations

Chairman notifies of intention to sell stock

Executive VP & Chief Banking Officer notifies of intention to sell stock

Director recently sold US$267k worth of stock

Seacoast Banking Corporation of Florida (NasdaqGS:SBCF) completed the acquisition of Professional Holding Corp. (NasdaqGS:PFHD) from BayBoston Managers LLC and others.

Seacoast Banking Corporation of Florida (NasdaqGS:SBCF) completed the acquisition of Professional Holding Corp. (NasdaqGS:PFHD) from BayBoston Managers LLC and others.

Full year 2022 earnings: EPS exceeds analyst expectations

Seacoast Banking Corporation of Florida Declares Quarterly Dividend on Common Stock, Payable on March 31, 2023

Director exercised options and sold US$224k worth of stock

Seacoast Banking Corporation of Florida to Report Q4, 2022 Results on Jan 26, 2023

Seacoast Banking Corporation of Florida (NasdaqGS:SBCF) announces an Equity Buyback for 4% of its issued share capital, for $100 million.

Upcoming dividend of US$0.17 per share

Insufficient new directors

Third quarter 2022 earnings: EPS misses analyst expectations

Seacoast Banking Corporation of Florida Declares Quarterly Cash Dividend, Payable on December 30, 2022

Seacoast Banking Corporation of Florida declares $0.17 dividend

Seacoast Banking Corporation of Florida to Report Q3, 2022 Results on Oct 27, 2022