Seacoast Banking of Florida-Seacoast Banking (SBCF) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Seacoast Banking (SBCF) reported revenue of $132.87 million for Q4 2024, a year-over-year increase of 3.7% [1] - The company's EPS for the same period was$ 0.48, up from $0.35 a year ago, representing a surprise of +60.00% compared to the consensus estimate of$ 0.30 [1] - The reported revenue exceeded the Zacks Consensus Estimate of $128.8 million by +3.16% [1] Financial Metrics - Net Interest Margin was reported at 3.4%, surpassing the average estimate of 3.2% from three analysts [4] - Efficiency Ratio stood at 56.3%, significantly better than the average estimate of 65.3% from three analysts [4] - Total Net Charge-offs to Average Loans was 0.2%, matching the average estimate from two analysts [4] - Total nonperforming loans amounted to$ 92.45 million, higher than the average estimate of $76.96 million from two analysts [4] - Total nonperforming assets were reported at$ 98.87 million, exceeding the average estimate of $83.34 million from two analysts [4] - Average Balance of Total Earning Assets was$ 13.64 billion, slightly below the average estimate of $13.65 billion from two analysts [4] - Total noninterest income was$ 17.07 million, lower than the average estimate of $19.79 million from three analysts [4] - Net interest income - FTE was reported at$ 116.12 million, above the average estimate of $110.39 million from three analysts [4] - Net interest income reached$ 115.80 million, exceeding the average estimate of $110.13 million from two analysts [4] Stock Performance - Shares of Seacoast Banking have returned -1.9% over the past month, contrasting with the Zacks S&P 500 composite's +1.1% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]