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Seacoast Banking (SBCF) Reports Q4: Everything You Need To Know Ahead Of Earnings

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Florida regional bank Seacoast Banking (NASDAQ: SBCF) will be reporting results this Thursday after market hours. Here’s what you need to know.

Seacoast Banking beat analysts’ revenue expectations by 1.4% last quarter, reporting revenues of $158.6 million, up 21.5% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ tangible book value per share estimates and a beat of analysts’ EPS estimates.

Is Seacoast Banking a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Seacoast Banking’s revenue to grow 42.2% year on year to $201.2 million, improving from the 8.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.47 per share.

Seacoast Banking Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Seacoast Banking has missed Wall Street’s revenue estimates twice over the last two years.

Looking at Seacoast Banking’s peers in the regional banks segment, some have already reported their Q4 results, giving us a hint as to what we can expect. UMB Financial delivered year-on-year revenue growth of 66%, beating analysts’ expectations by 6%, and WSFS Financial reported revenues up 6.2%, topping estimates by 4.1%. WSFS Financial traded up 6.5% following the results.

Read our full analysis of UMB Financial’s results here and WSFS Financial’s results here.

There has been positive sentiment among investors in the regional banks segment, with share prices up 3.4% on average over the last month. Seacoast Banking is up 5.5% during the same time and is heading into earnings with an average analyst price target of $34.08 (compared to the current share price of $33.65).

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