Seacoast Banking Corporation of Florida operates as the bank holding company for Seacoast National Bank that provides financial services to retail and commercial customers in Florida. The company offers commercial and retail banking, wealth management, and mortgage services; and brokerage and annuity services. It offers deposit products, including interest-bearing and noninterest demand deposits, money market and savings accounts, customer sweep accounts, and time certificates of deposit; construction and land development loans, commercial and residential real estate loans, and commercial and financial loans; and consumer loans, including installment loans and revolving lines, as well as loans for automobiles, boats, and personal or family purposes. As of December 31, 2020, the company operated 51 traditional branches and commercial banking centers. Seacoast Banking Corporation of Florida was founded in 1926 and is headquartered in Stuart, Florida.
IPO Year:
Exchange: NASDAQ
Website: seacoastbanking.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/29/2024 | $29.00 → $31.00 | Outperform → Market Perform | Hovde Group |
| 5/31/2024 | $27.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 4/29/2024 | $31.00 → $29.00 | Outperform | Hovde Group |
| 1/5/2024 | $33.00 → $29.00 | Buy → Hold | Truist |
| 9/13/2023 | $23.00 | Equal-Weight | Stephens |
| 3/17/2023 | $33.00 | Market Perform → Outperform | Hovde Group |
| 11/1/2021 | $37.00 → $39.00 | Outperform | Raymond James |
| 10/6/2021 | $36.00 | Buy → Neutral | B. Riley Securities |
4 - SEACOAST BANKING CORP OF FLORIDA (0000730708) (Issuer)
Net Interest Margin Expands Nine Basis Points to 3.48% Annualized Growth in Deposits of 11% and in Loans of 6% Well-Positioned Balance Sheet with Strong Capital and Liquidity Seacoast Banking Corporation of Florida ("Seacoast" or the "Company") (NASDAQ:SBCF) today reported net income in the first quarter of 2025 of $31.5 million, or $0.37 per diluted share, compared to $34.1 million, or $0.40 per diluted share, in the fourth quarter of 2024 and $26.0 million, or $0.31 per diluted share, in the first quarter of 2024. Adjusted net income1 for the first quarter of 2025 was $32.1 million, or $0.38 per diluted share, compared to $40.6 million, or $0.48 per diluted share, in the fourth quarte
Seacoast Banking Corporation of Florida ("Seacoast" or the "Company") (NASDAQ:SBCF), announced that on April 17, 2025, the Company's Board of Directors declared a quarterly cash dividend to the holders of the Company's common stock of $0.18 per share. The dividend is payable on June 30, 2025 to shareholders of record at the close of business on June 13, 2025. Seacoast Banking Corporation of Florida, through its wholly owned subsidiary Seacoast National Bank, is one of the largest community banks headquartered in Florida with approximately $15.2 billion in assets and $12.2 billion in deposits as of December 31, 2024. The Company provides integrated financial services including commercial an
Investors May Listen to Live Webcast Seacoast Banking Corporation of Florida (NASDAQ:SBCF), a bank holding company whose operating entity is Seacoast Bank, today announced it will release first quarter 2025 results on April 24th, after the market closes. Upon release, investors may access a copy of Seacoast's earnings results at the company's website www.SeacoastBanking.com on the home page by selecting "Press Releases" under the heading "News/Events." Seacoast will host a conference call April 25th at 10:00 a.m. Eastern Time, to discuss the first quarter 2025 earnings results and business trends. Investors may call in (toll-free) by dialing (800) 715-9871 (Conference ID: 4944599). Charts
Continues Seacoast's Successful M&A Strategy, Expanding its Footprint in Central Florida Adds a Seasoned Franchise with a History of High Profitability and Low-Cost Core Deposits Seacoast Banking Corporation of Florida ("Seacoast" or the "Company") (NASDAQ:SBCF), the holding company for Seacoast National Bank ("Seacoast Bank"), announced today that it has signed a definitive agreement to acquire Heartland Bancshares, Inc. ("Heartland"), parent company of Heartland National Bank based in Sebring, FL. The proposed transaction will expand Seacoast's presence into this key Central Florida market. Heartland operates four branches with deposits of approximately $641 million and loans of app
Fourth Quarter 2024 Net Interest Margin Expands 22 Basis Points to 3.39% Well-Positioned Balance Sheet with Strong Capital and Liquidity Seacoast Banking Corporation of Florida ("Seacoast" or the "Company") (NASDAQ:SBCF) today reported net income in the fourth quarter of 2024 of $34.1 million, or $0.40 per diluted share, compared to $30.7 million, or $0.36 per diluted share in the third quarter of 2024 and $29.5 million, or $0.35 per diluted share in the fourth quarter of 2023. For the year ended December 31, 2024, net income was $121.0 million, or $1.42 per diluted share, compared to $104.0 million, or $1.23 per diluted share, for the year ended December 31, 2023. Adjusted net income
Seacoast Banking Corporation of Florida ("Seacoast" or the "Company") (NASDAQ:SBCF), announced that on January 23, 2025, the Company's Board of Directors declared a quarterly cash dividend to the holders of the Company's common stock of $0.18 per share. The dividend is payable on March 31, 2025 to shareholders of record at the close of business on March 14, 2025. Seacoast Banking Corporation of Florida, through its wholly owned subsidiary Seacoast National Bank, is one of the largest community banks headquartered in Florida with approximately $15.2 billion in assets and $12.2 billion in deposits as of September 30, 2024. The Company provides integrated financial services including commerc
Investors May Listen to Live Webcast Seacoast Banking Corporation of Florida (NASDAQ:SBCF), a bank holding company whose operating entity is Seacoast Bank, today announced it will release fourth quarter 2024 results on January 27th, after the market closes. Upon release, investors may access a copy of Seacoast's earnings results at the company's website www.SeacoastBanking.com on the home page by selecting "Press Releases" under the heading "News/Events." Seacoast will host a conference call January 28th at 10:00 a.m. Eastern Time, to discuss the fourth quarter 2024 earnings results and business trends. Investors may call in (toll-free) by dialing (800) 715-9871 (Conference ID: 8804483)
STUART, Fla., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida ("Seacoast" or the "Company") (NASDAQ:SBCF) announced that on December 18, 2024, its Board of Directors (the "Board") renewed the Company's share repurchase program, which was set to expire on December 31, 2024. Under the renewed repurchase program, which will expire on December 31, 2025, the Company may repurchase, from time to time, up to $100 million of its shares of common stock, representing approximately 4% of the Company's outstanding common stock. The repurchase program permits shares to be repurchased in the open market, by block purchase, in privately negotiated transactions, in one or more t
Strong Growth in Loans and Deposits Annualized 20% Increase in Tangible Book Value Per Share Well-Positioned Balance Sheet with Strong Capital and Liquidity STUART, Fla., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida ("Seacoast" or the "Company") (NASDAQ:SBCF) today reported net income in the third quarter of 2024 of $30.7 million, or $0.36 per diluted share, compared to $30.2 million, or $0.36 per diluted share in the second quarter of 2024 and $31.4 million, or $0.37 per diluted share in the third quarter of 2023. Pre-tax pre-provision earnings1 were $46.1 million in the third quarter of 2024, an increase of 3% compared to the second quarter of 20
STUART, Fla., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida ("Seacoast" or the "Company") (NASDAQ:SBCF), announced that on October 17, 2024, the Company's Board of Directors declared a quarterly cash dividend to the holders of the Company's common stock of $0.18 per share. The dividend is payable on December 31, 2024 to shareholders of record at the close of business on December 13, 2024. Seacoast Banking Corporation of Florida, through its wholly owned subsidiary Seacoast National Bank, is one of the largest community banks headquartered in Florida with approximately $15.0 billion in assets and $12.1 billion in deposits as of June 30, 2024. The Company provi
STUART, Fla., Feb. 03, 2022 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida ("Seacoast" or the "Company") (NASDAQ:SBCF), one of the largest community banks in Florida, today announced that Charles (Chuck) M. Shaffer, Seacoast's Chief Executive Officer (CEO), will assume the additional position of Chairman of Seacoast's Board of Directors (the "Board") and the Company's principal operating subsidiary, Seacoast National Bank (the "Bank"), effective February 3, 2022. Dennis S. Hudson III, current Executive Chairman of the Board and former Chairman of the Board and CEO, will continue to serve as a member of the Board of the Company and the Bank, and Christopher E. Fogal will contin
~ Charles Shaffer promoted to chief executive officer ~ STUART, Fla., Jan. 04, 2021 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida (NASDAQ: SBCF), one of the largest community banks based in Florida, today announced that it has implemented the succession plan previously disclosed in June 2020. Charles “Chuck” Shaffer, the Company’s former president and chief operating officer (COO), has been promoted to chief executive officer (CEO) and elected to the Company’s board of directors. Former chairman and CEO Dennis “Denny” Hudson III has assumed the position of executive chairman of the board of directors. “This transition marks the completion of a careful and methodical pla
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8-K - SEACOAST BANKING CORP OF FLORIDA (0000730708) (Filer)
SCHEDULE 13G/A - SEACOAST BANKING CORP OF FLORIDA (0000730708) (Subject)
DEF 14A - SEACOAST BANKING CORP OF FLORIDA (0000730708) (Filer)
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PRE 14A - SEACOAST BANKING CORP OF FLORIDA (0000730708) (Filer)
425 - SEACOAST BANKING CORP OF FLORIDA (0000730708) (Subject)
8-K - SEACOAST BANKING CORP OF FLORIDA (0000730708) (Filer)
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425 - SEACOAST BANKING CORP OF FLORIDA (0000730708) (Subject)
10-K - SEACOAST BANKING CORP OF FLORIDA (0000730708) (Filer)
4 - SEACOAST BANKING CORP OF FLORIDA (0000730708) (Issuer)
4 - SEACOAST BANKING CORP OF FLORIDA (0000730708) (Issuer)
4 - SEACOAST BANKING CORP OF FLORIDA (0000730708) (Issuer)
4 - SEACOAST BANKING CORP OF FLORIDA (0000730708) (Issuer)
4 - SEACOAST BANKING CORP OF FLORIDA (0000730708) (Issuer)
4 - SEACOAST BANKING CORP OF FLORIDA (0000730708) (Issuer)
4 - SEACOAST BANKING CORP OF FLORIDA (0000730708) (Issuer)
4 - SEACOAST BANKING CORP OF FLORIDA (0000730708) (Issuer)
4 - SEACOAST BANKING CORP OF FLORIDA (0000730708) (Issuer)
4 - SEACOAST BANKING CORP OF FLORIDA (0000730708) (Issuer)
Hovde Group downgraded Seacoast Banking from Outperform to Market Perform and set a new price target of $31.00 from $29.00 previously
Keefe Bruyette upgraded Seacoast Banking from Mkt Perform to Outperform and set a new price target of $27.00
Hovde Group reiterated coverage of Seacoast Banking with a rating of Outperform and set a new price target of $29.00 from $31.00 previously
Truist downgraded Seacoast Banking from Buy to Hold and set a new price target of $29.00 from $33.00 previously
Stephens initiated coverage of Seacoast Banking with a rating of Equal-Weight and set a new price target of $23.00
Hovde Group upgraded Seacoast Banking from Market Perform to Outperform and set a new price target of $33.00
Raymond James reiterated coverage of Seacoast Banking with a rating of Outperform and set a new price target of $39.00 from $37.00 previously
B. Riley Securities downgraded Seacoast Banking from Buy to Neutral and set a new price target of $36.00
Raymond James reiterated coverage of Seacoast Banking with a rating of Outperform and set a new price target of $40.00 from $39.00 previously
Raymond James reiterated coverage of Seacoast Banking with a rating of Outperform and set a new price target of $39.00 from $33.00 previously
Net Interest Margin Expands Nine Basis Points to 3.48% Annualized Growth in Deposits of 11% and in Loans of 6% Well-Positioned Balance Sheet with Strong Capital and Liquidity Seacoast Banking Corporation of Florida ("Seacoast" or the "Company") (NASDAQ:SBCF) today reported net income in the first quarter of 2025 of $31.5 million, or $0.37 per diluted share, compared to $34.1 million, or $0.40 per diluted share, in the fourth quarter of 2024 and $26.0 million, or $0.31 per diluted share, in the first quarter of 2024. Adjusted net income1 for the first quarter of 2025 was $32.1 million, or $0.38 per diluted share, compared to $40.6 million, or $0.48 per diluted share, in the fourth quarte
Seacoast Banking Corporation of Florida ("Seacoast" or the "Company") (NASDAQ:SBCF), announced that on April 17, 2025, the Company's Board of Directors declared a quarterly cash dividend to the holders of the Company's common stock of $0.18 per share. The dividend is payable on June 30, 2025 to shareholders of record at the close of business on June 13, 2025. Seacoast Banking Corporation of Florida, through its wholly owned subsidiary Seacoast National Bank, is one of the largest community banks headquartered in Florida with approximately $15.2 billion in assets and $12.2 billion in deposits as of December 31, 2024. The Company provides integrated financial services including commercial an
Investors May Listen to Live Webcast Seacoast Banking Corporation of Florida (NASDAQ:SBCF), a bank holding company whose operating entity is Seacoast Bank, today announced it will release first quarter 2025 results on April 24th, after the market closes. Upon release, investors may access a copy of Seacoast's earnings results at the company's website www.SeacoastBanking.com on the home page by selecting "Press Releases" under the heading "News/Events." Seacoast will host a conference call April 25th at 10:00 a.m. Eastern Time, to discuss the first quarter 2025 earnings results and business trends. Investors may call in (toll-free) by dialing (800) 715-9871 (Conference ID: 4944599). Charts
Continues Seacoast's Successful M&A Strategy, Expanding its Footprint in Central Florida Adds a Seasoned Franchise with a History of High Profitability and Low-Cost Core Deposits Seacoast Banking Corporation of Florida ("Seacoast" or the "Company") (NASDAQ:SBCF), the holding company for Seacoast National Bank ("Seacoast Bank"), announced today that it has signed a definitive agreement to acquire Heartland Bancshares, Inc. ("Heartland"), parent company of Heartland National Bank based in Sebring, FL. The proposed transaction will expand Seacoast's presence into this key Central Florida market. Heartland operates four branches with deposits of approximately $641 million and loans of app
Fourth Quarter 2024 Net Interest Margin Expands 22 Basis Points to 3.39% Well-Positioned Balance Sheet with Strong Capital and Liquidity Seacoast Banking Corporation of Florida ("Seacoast" or the "Company") (NASDAQ:SBCF) today reported net income in the fourth quarter of 2024 of $34.1 million, or $0.40 per diluted share, compared to $30.7 million, or $0.36 per diluted share in the third quarter of 2024 and $29.5 million, or $0.35 per diluted share in the fourth quarter of 2023. For the year ended December 31, 2024, net income was $121.0 million, or $1.42 per diluted share, compared to $104.0 million, or $1.23 per diluted share, for the year ended December 31, 2023. Adjusted net income
Seacoast Banking Corporation of Florida ("Seacoast" or the "Company") (NASDAQ:SBCF), announced that on January 23, 2025, the Company's Board of Directors declared a quarterly cash dividend to the holders of the Company's common stock of $0.18 per share. The dividend is payable on March 31, 2025 to shareholders of record at the close of business on March 14, 2025. Seacoast Banking Corporation of Florida, through its wholly owned subsidiary Seacoast National Bank, is one of the largest community banks headquartered in Florida with approximately $15.2 billion in assets and $12.2 billion in deposits as of September 30, 2024. The Company provides integrated financial services including commerc
Investors May Listen to Live Webcast Seacoast Banking Corporation of Florida (NASDAQ:SBCF), a bank holding company whose operating entity is Seacoast Bank, today announced it will release fourth quarter 2024 results on January 27th, after the market closes. Upon release, investors may access a copy of Seacoast's earnings results at the company's website www.SeacoastBanking.com on the home page by selecting "Press Releases" under the heading "News/Events." Seacoast will host a conference call January 28th at 10:00 a.m. Eastern Time, to discuss the fourth quarter 2024 earnings results and business trends. Investors may call in (toll-free) by dialing (800) 715-9871 (Conference ID: 8804483)
STUART, Fla., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida ("Seacoast" or the "Company") (NASDAQ:SBCF) announced that on December 18, 2024, its Board of Directors (the "Board") renewed the Company's share repurchase program, which was set to expire on December 31, 2024. Under the renewed repurchase program, which will expire on December 31, 2025, the Company may repurchase, from time to time, up to $100 million of its shares of common stock, representing approximately 4% of the Company's outstanding common stock. The repurchase program permits shares to be repurchased in the open market, by block purchase, in privately negotiated transactions, in one or more t
Strong Growth in Loans and Deposits Annualized 20% Increase in Tangible Book Value Per Share Well-Positioned Balance Sheet with Strong Capital and Liquidity STUART, Fla., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida ("Seacoast" or the "Company") (NASDAQ:SBCF) today reported net income in the third quarter of 2024 of $30.7 million, or $0.36 per diluted share, compared to $30.2 million, or $0.36 per diluted share in the second quarter of 2024 and $31.4 million, or $0.37 per diluted share in the third quarter of 2023. Pre-tax pre-provision earnings1 were $46.1 million in the third quarter of 2024, an increase of 3% compared to the second quarter of 20
STUART, Fla., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida ("Seacoast" or the "Company") (NASDAQ:SBCF), announced that on October 17, 2024, the Company's Board of Directors declared a quarterly cash dividend to the holders of the Company's common stock of $0.18 per share. The dividend is payable on December 31, 2024 to shareholders of record at the close of business on December 13, 2024. Seacoast Banking Corporation of Florida, through its wholly owned subsidiary Seacoast National Bank, is one of the largest community banks headquartered in Florida with approximately $15.0 billion in assets and $12.1 billion in deposits as of June 30, 2024. The Company provi