Seacoast Banking Corporation of Florida Declares Quarterly Dividend on Common Stock

Rhea-AI Summary

Seacoast Banking Corporation of Florida (NASDAQ: SBCF) announced a quarterly cash dividend of $0.17 per share, declared on January 18, 2023. This dividend will be payable on March 31, 2023, to shareholders of record as of the close of business on March 15, 2023. As of September 30, 2022, the company held approximately $10.3 billion in assets and $8.8 billion in deposits. Seacoast is among Florida's largest community banks and offers a variety of financial services through over 50 branches and advanced digital banking solutions.

Positive

• Declared a quarterly cash dividend of $0.17 per share, enhancing shareholder income.
• Strong financial position with approximately $10.3 billion in assets and $8.8 billion in deposits.

Negative

• None.

News Market Reaction – SBCF

-0.83%

-0.83% Session move

In the trading session that priced this news, SBCF declined 0.83%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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STUART, Fla., Jan. 18, 2023 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida (“Seacoast” or the “Company”) (NASDAQ: SBCF), announced that on January 18, 2023, the Company’s Board of Directors declared a quarterly cash dividend of $0.17 per share to the holders of the Company’s common stock. The dividend is payable on March 31, 2023 to shareholders of record at the close of business on March 15, 2023.

Seacoast Banking Corporation of Florida is one of the largest community banks headquartered in Florida with approximately $10.3 billion in assets and $8.8 billion in deposits as of September 30, 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 dividend amount declared by SBCF?

Seacoast Banking Corporation of Florida declared a quarterly cash dividend of $0.17 per share.

When will the dividend be paid to shareholders of SBCF?

The dividend will be payable on March 31, 2023.

What is the record date for the SBCF dividend?

The record date for the dividend is March 15, 2023.

How large is Seacoast Banking Corporation in terms of assets?

As of September 30, 2022, Seacoast Banking Corporation had approximately $10.3 billion in assets.