Seacoast Banking: Q2 Earnings Snapshot
STUART, Fla. (AP) — STUART, Fla. (AP) — Seacoast Banking Corp. of Florida (SBCF) on Thursday reported second-quarter net income of $31.2 million.
The Stuart, Florida-based bank said it had earnings of 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 $195.9 million in the period. Its revenue net of interest expense was $148.5 million, which also missed Street forecasts. Four analysts surveyed by Zacks expected $153.4 million.
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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
