NASDAQ$SBCF

Seacoast Banking Corporation of Florida · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

SBCF Q2 2024 — $127K revenue, 11.00 EPS

Operating results for the three and six months ended June 30, 2024, are not necessarily indicative of the results that may be expected for the year ending December 31, 2024, or any other period. Seacoast Banking Corporation of Florida reported Q2 2024 results. Diluted EPS came in at $11.00. Headline numbers extracted from the Form 10-Q press release; narrative is light because this row was processed without an LLM call.

  • Revenue: $127K.
  • Diluted EPS: $11.00.
  • Filed on Form 10-Q (accession 0000730708-24-000197).

Headline financials

Total Revenue

$127M

Previous: $149M-14.8%
EPS

$0.36

Previous: $0.58-37.9%
Free Cash Flow

$30.2M

Previous: $31.2M-3.2%
Net Income

$30.2M

Previous: $31.2M-3.2%
Operating Income

-$30.6M

Previous: -$3.1M-887.8%
Gross Profit

$127M

Previous: $149M-14.8%
Cash & Equivalents

$750M

Previous: $728M+3.0%
Total Assets

$15B

Previous: $15B-0.6%
Stock-Based Comp

$3.89M

Previous: $4.45M-12.7%

Revenue & EPS history

Seacoast Banking · Revenue · Quarterly

$127M

Q2 2024-14.8%vs Q2 2023
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Seacoast Banking · $134M total across 6 segments · Q3 2023

  • Net interest income
    $120M
  • Deposit service charges
    $4.65M
  • Other income
    $4.31M
  • Wealth management
    $3.14M
  • BOLI income
    $2.2M
  • Mortgage banking
    $410K

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2024

Historical avgQ2 2024

+0.2%

Avg return

Earnings day

-0.3%

Avg return

5 days after

+1.8%

Avg return

30 days after

44%

29 / 66 earnings

Positive

+17.2%

Q1 2020

Best reaction

-6.8%

Q1 2010

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.3%-2.6%-4.5%
Q4 2025-1.9%+1.1%-8.8%
Q3 2025-0.9%-3.6%+0.7%
Q2 2025-1.6%+0.8%+5.6%
Q1 2025-0.6%-0.7%+2.9%
Q4 2024+4.4%+4.6%+2.6%
Q3 2024-2.1%+0.1%+13.6%
Q2 2024+2.9%-0.1%-1.0%
Q1 2024-2.3%-3.6%-3.0%
Q4 2023-1.7%-1.0%-9.9%
Q3 2023+2.5%+3.1%+17.2%
Q2 2023-6.4%-10.1%-14.7%
Q1 2023+4.1%-7.5%+0.0%
Q4 2022+4.0%+2.3%-2.8%
Q3 2022+3.0%+2.0%+13.0%
Q2 2022+1.4%+2.4%-5.6%
Q1 2022-1.6%+2.1%+4.3%
Q4 2021-2.2%-2.5%-1.9%
Q3 2021+1.3%+2.9%-4.1%
Q2 2021-4.4%-5.0%-1.0%
Q1 2021+4.5%+4.8%+7.8%
Q4 2020-3.3%-0.1%+14.1%
Q3 2020-6.2%-0.1%+23.2%
Q2 2020+5.6%-1.3%-0.2%
Q1 2020+17.2%+6.4%+9.9%
Q4 2019-1.5%-3.6%-8.9%
Q3 2019+8.2%+9.4%+11.9%
Q2 2019+2.3%+2.8%-12.6%
Q1 2019+0.9%+1.1%-12.3%
Q4 2018+0.1%-2.5%+4.4%
Q3 2018+3.5%+6.4%+11.4%
Q2 2018-5.2%-10.7%-4.3%
Q1 2018-0.0%-1.3%+13.7%
Q4 2017-0.8%-0.5%+3.7%
Q3 2017+3.3%+1.1%+2.0%
Q2 2017-2.3%-1.9%-4.1%
Q1 2017-1.3%-4.5%-10.2%
Q4 2016+1.4%+4.0%+9.8%
Q3 2016-0.9%-1.0%+13.0%
Q2 2016-2.0%-3.4%-1.5%
Q1 2016-1.1%
Q4 2015+6.3%
Q3 2015+2.1%
Q2 2015-2.4%
Q1 2015+0.8%
Q4 2014-4.6%
Q3 2014+4.3%
Q2 2014-1.2%
Q1 2014-0.6%
Q4 2013+1.7%
Q3 2013+4.5%
Q2 2013-1.3%
Q1 2013+5.7%
Q4 2011+0.5%
Q4 2012+0.0%
Q3 2012+0.0%
Q2 2012+4.3%
Q1 2012+2.7%
Q1 2011+2.7%
Q4 2010-1.1%
Q4 2009-1.1%
Q3 2011-4.7%
Q3 2010-4.7%
Q2 2010-6.2%
Q2 2011-6.2%
Q1 2010-6.8%

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