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Seacoast Banking Corp. Of Florida - SBCF STOCK NEWS

Welcome to our dedicated news page for Seacoast Banking Of Florida (Ticker: SBCF), a resource for investors and traders seeking the latest updates and insights on Seacoast Banking Of Florida.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Seacoast Banking Of Florida's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Seacoast Banking Of Florida's position in the market.

News
Seacoast Reports First Quarter 2024 Results
Rhea-AI Summary
Seacoast Banking of Florida (NASDAQ: SBCF) reported strong Q1 2024 results with net income of $26.0 million, or $0.31 per share, showing growth in deposits and successful expense initiatives. Adjusted net income was $31.1 million, or $0.37 per share. The company's return on tangible assets was 0.89% and return on tangible shareholders' equity was 9.55%. Seacoast's focus on organic customer acquisition is driving growth, with net revenues at $125.6 million and pre-tax pre-provision earnings at $35.7 million. Noninterest income increased to $20.5 million, while noninterest expense was $90.4 million. The company's balance sheet remains strong with total assets of $14.8 billion and total shareholders' equity of $2.1 billion. Seacoast continues to maintain a fortress balance sheet with Tier 1 capital ratio at 14.6% and total capital ratio at 16.0%. The Company's liquidity sources represent 164% of uninsured and uncollateralized deposits. Seacoast also approved a share repurchase program of up to $100 million.
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Seacoast Banking Corporation of Florida Declares Quarterly Dividend on Common Stock
Rhea-AI Summary
Seacoast Banking of Florida (SBCF) declared a quarterly cash dividend of $0.18 per share for shareholders of record on June 14, 2024. The dividend will be payable on June 28, 2024. With $14.6 billion in assets and $11.8 billion in deposits as of December 31, 2023, Seacoast is a leading community bank in Florida offering a range of financial services.
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Rhea-AI Sentiment
End-of-Day
1.42%
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dividends
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Seacoast Banking Corporation of Florida to Announce First Quarter Earnings Results April 25, 2024
Rhea-AI Summary
Seacoast Banking of Florida (SBCF) announced the release of their first quarter 2024 results on April 25th, with a conference call scheduled for April 26th to discuss earnings and business trends. Investors can access earnings results, charts, and call recordings on Seacoast's website.
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End-of-Day
-2.3%
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News
Seacoast Reports Fourth Quarter and Full Year 2023 Results
Rhea-AI Summary
Seacoast Banking Corporation of Florida (SBCF) reported net income of $29.5 million in Q4 2023, with a decrease in net income and adjusted net income compared to the prior year. The company executed strategic expense measures, repurchased shares, and aims to reduce annual expenses by $15 million in 2024.
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End-of-Day
-0.61%
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Seacoast Banking Corporation of Florida Declares Quarterly Dividend on Common Stock
Rhea-AI Summary
Seacoast Banking Corporation of Florida (SBCF) declared a quarterly cash dividend of $0.18 per share for its common stockholders, payable on March 29, 2024. The company, with $14.8 billion in assets and $12.1 billion in deposits as of September 30, 2023, offers a range of financial services through its subsidiary Seacoast National Bank, including commercial and consumer banking, wealth management, and mortgage services.
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End-of-Day
1.74%
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Seacoast Banking Corporation of Florida to Announce Fourth Quarter Earnings Results January 25, 2024
Rhea-AI Summary
Seacoast Banking Corporation of Florida (NASDAQ: SBCF) will release its fourth quarter 2023 results on January 25th, after the market closes. Investors can access the earnings results on the company’s website and listen to the conference call on January 26th to discuss the earnings results and business trends.
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Seacoast Banking Corporation of Florida Announces Renewal of Share Repurchase Program
Rhea-AI Summary
Seacoast Banking Corporation of Florida (SBCF) renews its share repurchase program, allowing for the repurchase of up to $100 million of its common stock, representing approximately 4% of outstanding shares. The program is set to expire on December 31, 2024, and provides flexibility for repurchases through various methods. The Board retains discretion over the timing and number of shares repurchased, considering factors such as price, market conditions, financial performance, and regulatory requirements.
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Seacoast Reports Third Quarter 2023 Results
Rhea-AI Summary
Seacoast Banking Corporation of Florida reported net income of $31.4 million for Q3 2023, compared to $31.2 million in Q2 2023 and $29.2 million in Q3 2022. Adjusted net income for Q3 2023 was $39.7 million, a decrease from $49.2 million in Q2 2023. Pre-tax pre-provision earnings increased by 6% in Q3 2023 compared to Q2 2023. Return on average tangible assets was 1.04% in Q3 2023. The company maintained a strong balance sheet and liquidity position.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.15%
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earnings
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News
Seacoast Banking Corporation of Florida Declares Quarterly Dividend on Common Stock
Rhea-AI Summary
Seacoast Banking Corporation of Florida declares quarterly cash dividend of $0.18 per share
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End-of-Day
-1.67%
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News
Seacoast Banking Corporation of Florida To Announce Third Quarter Earnings Results October 26, 2023
Rhea-AI Summary
Seacoast Banking Corporation of Florida to release Q3 2023 results on October 26th, followed by a conference call on October 27th at 10:00 a.m. ET.
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-1.81%
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Stock SBCF logo
Seacoast Banking Corp. Of Florida

Nasdaq:SBCF

SBCF Rankings

#1862 Ranked by Market Cap
#4102 Ranked by Stock Gains
#1116 Ranked by Dividends

SBCF Stock Data

1.91B
82.85M
1.27%
84.26%
2.53%
Commercial Banking
Finance and Insurance
Link
US
Stuart

About SBCF

since its original charter in 1926, seacoast bank has succeeded through a clear vision, planned strategic growth, and talented, professional employees. the operating subsidiary of seacoast banking corporation of florida and is one of the largest publicly traded commercial banks headquartered in florida. our offices stretch from palm beach county north through the treasure coast and in to orlando, and west to okeechobee and surrounding counties. headquartered in stuart, florida, seacoast bank is unrivaled among community banks and state wide regional banks alike. we combine the service-oriented advantages of a community bank with local decision making, a quality credit culture and the conveniences and sophisticated services and products of a national financial institution, delivered by highly qualified and professional employees. it's what we believe people want; local bankers who are knowledgeable about the markets they serve and are responsive to the needs of our customers. everything