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Seacoast Banking: 3Q Earnings Snapshot

STUART, Fla. (AP) _ Seacoast Banking Corp. of Florida (SBCF) on Thursday reported third-quarter earnings of $16.3 million.

The Stuart, Florida-based bank said it had earnings of 34 cents per share. Earnings, adjusted for non-recurring costs, came to 37 cents per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.

The holding company for Seacoast National Bank posted revenue of $71.4 million in the period. Its revenue net of interest expense was $63.9 million, also missing Street forecasts. Four analysts surveyed by Zacks expected $65.3 million.

Seacoast Banking shares have decreased roughly 1 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $25.01, a climb of 2 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SBCF at https://www.zacks.com/ap/SBCF