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 of Florida (NASDAQ: SBCF) has announced it will release its third quarter 2024 results on October 24th, after the market closes. The company will host a conference call on October 25th at 10:00 a.m. Eastern Time to discuss the earnings results and business trends. Investors can access the earnings results on Seacoast's website and participate in the conference call by dialing (800) 715-9871 (Conference ID: 6787376). Charts used during the call will be available on the website, and a recording of the call will be accessible for one year via a link on the company's website.
Seacoast Banking (NASDAQ: SBCF) reported Q2 2024 results with net income of $30.2M, or $0.36 per diluted share, up from $26.0M, or $0.31 per share in Q1 2024. Compared to Q2 2023, net income decreased slightly from $31.2M, or $0.37 per share.
Adjusted net income was $30.3M, or $0.36 per share, vs. $31.1M, or $0.37 per share in Q1 2024, and $43.5M, or $0.51 per share in Q2 2023. Pre-tax pre-provision earnings rose 25% QoQ to $44.6M, a 9% YoY increase. Adjusted pre-tax pre-provision earnings were $44.5M, up 5% QoQ but down 22% YoY.
Return on average tangible assets was 1.00%, and return on average tangible shareholders' equity was 10.75%. Seacoast's Tier 1 capital ratio stood at 14.8%, with a loan-to-deposit ratio of 83%.
Growth areas included noninterest income, which rose 8% QoQ to $22.2M. Loan originations increased 37% QoQ to $538M, with loan pipelines at $834.4M. Noninterest expenses decreased 9% QoQ to $82.5M. The efficiency ratio improved to 60.21% from 66.78% in the prior quarter.
CEO Charles M. Shaffer highlighted the company's strong balance sheet and disciplined credit approach, expecting further organic growth.
Seacoast Banking of Florida (NASDAQ: SBCF) has announced a quarterly cash dividend of $0.18 per share for holders of its common stock. The dividend will be payable on September 30, 2024, to shareholders of record as of September 13, 2024. This decision was made by the Company's Board of Directors on July 18, 2024.
Seacoast, through its subsidiary Seacoast National Bank, is a major community bank in Florida with $14.8 billion in assets and $12.0 billion in deposits as of March 31, 2024. The bank operates 77 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) will announce its second quarter 2024 earnings results on July 25th, after market close.
Investors can access the earnings report on the company's website, SeacoastBanking.com, under 'Press Releases' in the 'News/Events' section. Additionally, the company will host a conference call on July 26th at 10:00 a.m. ET to discuss the results and business trends.
Participants can join the call by dialing (800) 715-9871 with Conference ID 5967990. Conference call charts will be available online in the 'Presentations' section. A recording of the call will be accessible on the website for one year.
Seacoast Bank has appointed Tony Coley as Regional President for South Florida, as announced on May 20, 2024.
Tony brings over 30 years of experience, having previously held leadership roles at Truist Financial and BB&T.
He will oversee commercial banking in Miami-Dade, Broward, and Palm Beach counties, a important region for the bank's growth.
His strategic vision, community involvement, and industry expertise are seen as key assets for enhancing Seacoast's presence and client experience in South Florida.
Tony has been recognized among Florida's 500 most influential business leaders and holds various community leadership roles.
FAQ
What is the current stock price of Seacoast Bkg Fla (SBCF)?
What is the market cap of Seacoast Bkg Fla (SBCF)?
