STUART, Fla. (AP) — STUART, Fla. (AP) — Seacoast Banking Corp. of Florida (SBCF) on Thursday reported first-quarter profit of $26 million.
The bank, based in Stuart, Florida, said it had earnings of 31 cents per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share.
The holding company for Seacoast National Bank posted revenue of $196.2 million in the period. Its revenue net of interest expense was $125.6 million, also missing Street forecasts. Four analysts surveyed by Zacks expected $128 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