Seacoast Banking Corporation of Florida Declares Increase to Quarterly Dividend on Common Stock

Rhea-AI Summary

Seacoast Banking Corporation of Florida (NASDAQ: SBCF) has declared a quarterly cash dividend, increasing the amount from $0.17 to $0.18 per share. This dividend will be payable on June 30, 2023 to shareholders of record on June 15, 2023.

As one of Florida's largest community banks, Seacoast holds approximately $12.1 billion in assets and $10.0 billion in deposits (as of December 31, 2022). The company offers a range of financial services including banking, wealth management, and mortgage services through over 50 branches in Florida, complemented by advanced online and mobile banking solutions.

Positive

• Increased quarterly dividend from $0.17 to $0.18 per share signals company confidence.
• Strong asset base of approximately $12.1 billion enhances stability.

Negative

• None.

News Market Reaction – SBCF

+0.58%

+0.58% Session move

In the trading session that priced this news, SBCF gained 0.58%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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STUART, Fla., April 20, 2023 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida (“Seacoast” or the “Company”) (NASDAQ: SBCF), announced that on April 20, 2023, the Company’s Board of Directors declared a quarterly cash dividend to the holders of the Company’s common stock and approved a quarterly increase from $0.17 to $0.18 per share. The dividend is payable on June 30, 2023 to shareholders of record at the close of business on June 15, 2023.

Seacoast Banking Corporation of Florida is one of the largest community banks headquartered in Florida with approximately $12.1 billion in assets and $10.0 billion in deposits as of December 31, 2022. The Company provides integrated financial services including commercial and consumer banking, wealth management, and mortgage services to customers at over 50 full-service branches across Florida, and through advanced mobile and online banking solutions. Seacoast National Bank is the wholly-owned subsidiary bank of Seacoast Banking Corporation of Florida. More information about the Company is available at www.SeacoastBanking.com.

Tracey L. Dexter
Chief Financial Officer
Seacoast Banking Corporation of Florida
(772) 403-0461

FAQ

What is the new dividend amount declared by SBCF?

The new dividend amount declared by SBCF is $0.18 per share.

When is the SBCF dividend payment date?

The SBCF dividend payment date is June 30, 2023.

What is the record date for SBCF's dividend?

The record date for SBCF's dividend is June 15, 2023.

How much are SBCF's total assets?

SBCF has approximately $12.1 billion in total assets.

What services does Seacoast Banking Corporation offer?

Seacoast offers commercial and consumer banking, wealth management, and mortgage services.