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 of Florida (NASDAQ: SBCF) is a Florida-based bank holding company and one of the largest community banks headquartered in the state. Its operating entity, Seacoast National Bank, provides commercial and consumer banking, wealth management, and mortgage services through a broad network of full-service branches across Florida and through advanced mobile and online banking platforms. News about SBCF often reflects this statewide footprint and its focus on integrated financial services.
The Seacoast news stream features regular earnings announcements, where the company reports on net interest income, noninterest income, loan and deposit growth, and key performance ratios. These releases frequently highlight trends in areas such as treasury management services to commercial customers, wealth management income, mortgage banking fees, and insurance-related income, including insurance agency and Bank Owned Life Insurance income.
Another major theme in Seacoast’s news coverage is its acquisition activity. Recent articles detail the completion of the Heartland Bancshares, Inc. acquisition, which expanded Seacoast’s presence in Central Florida and Highlands County, and the Villages Bancorporation, Inc. acquisition, which added Citizens First Bank and extended Seacoast’s reach into North Central Florida and The Villages community. Regulatory approvals, merger closings, and integration milestones are common topics.
Investors following SBCF news will also see updates on dividends, share repurchase program authorizations, and investor relations events, including conference calls and one‑on‑one investor meetings. For readers tracking developments in Florida-based commercial banking, this news page offers an organized view of Seacoast’s financial results, capital actions, and strategic expansion across the state.
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.
Seacoast Banking of Florida (NASDAQ: SBCF) reported Q3 2024 net income of $30.7 million, or $0.36 per diluted share, compared to $30.2 million in Q2 2024 and $31.4 million in Q3 2023. The quarter showed 7% annualized loan growth and customer deposit growth. Net interest income was $106.7 million, with net interest margin at 3.17%. Total assets reached $15.2 billion with total shareholders' equity of $2.2 billion. The company maintained strong capital positions with a Tier 1 ratio of 14.8% and tangible book value per share increased 20% annualized to $16.20.
Seacoast Banking of Florida (NASDAQ: SBCF) has announced a quarterly cash dividend of $0.18 per share for holders of the Company's common stock. The dividend will be payable on December 31, 2024, to shareholders of record at the close of business on December 13, 2024. This decision was made by the Company's Board of Directors on October 17, 2024.
Seacoast Banking of Florida operates through its wholly owned subsidiary, Seacoast National Bank, which is one of the largest community banks headquartered in Florida. As of June 30, 2024, the Company reported approximately $15.0 billion in assets and $12.1 billion in deposits. Seacoast provides integrated financial services, including commercial and consumer banking, wealth management, and mortgage services, through 77 full-service branches across Florida and advanced mobile and online banking solutions.
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.