Welcome to our dedicated page for Seacoast Bkg Fla news (Ticker: SBCF), a resource for investors and traders seeking the latest updates and insights on Seacoast Bkg Fla stock.
Seacoast Banking Corporation (SBCF) delivers Florida-focused financial services through its unique combination of community banking values and comprehensive financial solutions. This centralized news hub provides investors and stakeholders with essential updates about one of Florida's most established banking institutions.
Track all official press releases and third-party coverage related to SBCF's commercial banking operations, wealth management services, and market developments. Our curated collection includes updates on quarterly earnings, strategic initiatives, leadership announcements, and regulatory filings, ensuring you stay informed about factors impacting the company's position in Florida's competitive financial landscape.
This resource is particularly valuable for monitoring SBCF's dual focus on personalized client service through local decision-making and its expansion of digital banking capabilities. Regular updates cover both operational milestones and broader industry trends affecting regional banking institutions.
Bookmark this page for convenient access to verified SBCF developments. Combine these timely updates with historical context from the company's nearly century-long operational history to inform your financial analysis.
Seacoast Banking Corporation of Florida (NASDAQ: SBCF) has received key regulatory approvals for its planned acquisition of Heartland Bancshares, Inc. The Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency have approved both the acquisition and the merger of Heartland National Bank into Seacoast Bank. The transaction is expected to close around July 11, 2025, pending Heartland shareholders' approval and other customary closing conditions.
Seacoast Banking (NASDAQ: SBCF) reported Q1 2025 results with net income of $31.5 million ($0.37 per diluted share), compared to $34.1 million in Q4 2024 and $26.0 million in Q1 2024. The company demonstrated strong performance with:
- Net interest margin expansion of 9 basis points to 3.48%
- Annualized deposit growth of 11% and loan growth of 6%
- Total revenues of $140.7 million, up 6% from previous quarter
- Net interest income of $118.5 million, a 2% increase from prior quarter
The company announced the proposed acquisition of Heartland Bancshares, expected to close in Q3 2025, adding four branches in Central Florida with approximately $763 million in assets and $666 million in deposits. The efficiency ratio was 60.28% in Q1 2025, compared to 56.26% in Q4 2024.
Seacoast Banking of Florida (NASDAQ: SBCF) has announced a quarterly cash dividend of $0.18 per share for its common stock shareholders. The dividend will be paid on June 30, 2025, to shareholders of record as of June 13, 2025.
Seacoast, operating through its subsidiary Seacoast National Bank, is among Florida's largest community banks with $15.2 billion in assets and $12.2 billion in deposits as of December 31, 2024. The bank maintains 79 full-service branches across Florida, offering integrated financial services including commercial and consumer banking, wealth management, and mortgage services.
Seacoast Banking of Florida (NASDAQ: SBCF) has scheduled its first quarter 2025 earnings release for April 24th, 2025, after market close. The company will host a conference call to discuss earnings results and business trends on April 25th at 10:00 a.m. Eastern Time.
Investors can access the earnings results through the company's website under the 'Press Releases' section. The conference call will be accessible toll-free at (800) 715-9871 with Conference ID 4944599. Presentation charts will be available on the company's website under the 'Presentations' section, and a recording of the call will be accessible for one year under 'Corporate Information'.
Seacoast Banking of Florida (NASDAQ: SBCF) has announced a definitive agreement to acquire Heartland Bancshares, expanding its presence in Central Florida. The acquisition involves Heartland's four branches with $641 million in deposits and $161 million in loans as of December 31, 2024.
The transaction is valued at approximately $110 million, with Heartland shareholders receiving either $147.10 in cash, 4.9164 shares of Seacoast common stock, or a 50-50 combination per share. The deal is expected to be 7% accretive to earnings per share in 2026, with modest tangible book value dilution recovered in approximately 2.25 years.
The acquisition is scheduled to close in the third quarter of 2025, subject to regulatory approvals and Heartland shareholder approval.
Seacoast Banking of Florida (NASDAQ: SBCF) reported strong Q4 2024 results with net income of $34.1 million ($0.40 per diluted share), up from $30.7 million in Q3 2024. The company's full-year 2024 net income reached $121.0 million ($1.42 per diluted share), compared to $104.0 million in 2023.
Key highlights include a 22 basis point expansion in net interest margin to 3.39% and adjusted net income of $40.6 million ($0.48 per diluted share) for Q4 2024. Net revenues increased to $132.9 million, up 2% from the previous quarter. The company maintained strong capital position with a tangible common equity ratio of 9.6% and a loan-to-deposit ratio of 84%.
Total loans increased by $94.7 million with loan originations up 37% to $902.6 million in Q4. Total deposits remained stable at $12.2 billion, with customer transaction accounts representing 50% of total deposits.
Seacoast Banking of Florida (NASDAQ: SBCF) has announced a quarterly cash dividend of $0.18 per share for its common stock shareholders. The dividend will be paid on March 31, 2025, to shareholders of record as of March 14, 2025.
The company, operating through its subsidiary Seacoast National Bank, is one of Florida's largest community banks, with $15.2 billion in assets and $12.2 billion in deposits as of September 30, 2024. Seacoast provides integrated financial services including commercial and consumer banking, wealth management, and mortgage services through 77 full-service branches across Florida, complemented by mobile and online banking solutions.
Seacoast Banking of Florida (NASDAQ: SBCF) has scheduled its fourth quarter 2024 earnings release for January 27th, 2024, after market close. The company will host a conference call to discuss earnings results and business trends on January 28th at 10:00 a.m. Eastern Time.
Investors can access the earnings results through the company's website under the 'Press Releases' section. The conference call can be joined toll-free at (800) 715-9871 with Conference ID: 8804483. Supporting charts will be available on the company's website under the 'Presentations' section. A recording of the call will be accessible for one year through the company's website under 'Corporate Information'.
Seacoast Banking of Florida (NASDAQ: SBCF) has announced the renewal of its share repurchase program by its Board of Directors on December 18, 2024. The new program, extending through December 31, 2025, authorizes the repurchase of up to $100 million of common stock, representing approximately 4% of outstanding shares.
The program allows for shares to be repurchased through various methods, including open market transactions, block purchases, and private negotiations, in compliance with Rule 10b-18 of the Securities Exchange Act. The actual timing, number of shares, and method of repurchase will be determined by the company based on factors including price, market conditions, and capital requirements.
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