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Seacoast Banking Corporation of Florida (NASDAQ:SBCF) was one of the most active losers in today`s trading sessions as it plunged over 15.82% to end the day at $1.49 on huge volume of 2.81 million shares after the company today reported a third quarter 2009 net loss of $40.8 million compared to a net loss of $3.4 million for the third quarter of 2008. Including preferred stock dividends and accretion of $937,000, the net loss applicable to common shareholders was $41.7 million or $1.21 per average common diluted share for the third quarter, compared to a net loss of $3.4 million or $0.18 per average common diluted share for the third quarter of 2008.
iStar Financial Inc. (NYSE:SFI) went down $0.23 or 9.91% to close at $2.09 on a volume of over 2.66 million shares after the company reported results for the third quarter ended September 30, 2009. Net income (loss) allocable to common shareholders for the third quarter was ($251.3) million, or ($2.55) per diluted common share, compared to ($308.7) million or ($2.32) per diluted common share for the third quarter 2008.
Central Pacific Financial Corp. (NYSE:CPF) fell 7.24% to close at $1.41 on huge volume of 2.41 million shares after the company yesterday blamed a third-quarter net loss of $183.1 million on deteriorating commercial real estate markets and declining property values in Hawaii and California. Without the charges, the company would have had a net loss of $71.1 million, or $2.54 a share. In the third quarter of last year, company had a net income of $3 million, or $0.11 per diluted share.
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