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 reports news about its role as a bank holding company for Seacoast National Bank, providing commercial and consumer banking, wealth management, mortgage and insurance services through branch, mobile and online channels in Florida and Georgia. Recurring updates center on quarterly operating results, net interest margin, deposit trends, loan and securities yields, asset quality, capital levels and balance-sheet management.
Company announcements also cover common and Series A Non-Voting Preferred Stock dividends, share repurchase activity, board composition and other governance actions. Corporate-development news includes integration matters following completed bank acquisitions, along with product and technology initiatives tied to customer service and treasury, information technology and security operations.
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.
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.