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 |
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
8-K - SEACOAST BANKING CORP OF FLORIDA (0000730708) (Filer)
10-Q - SEACOAST BANKING CORP OF FLORIDA (0000730708) (Filer)
8-K - SEACOAST BANKING CORP OF FLORIDA (0000730708) (Filer)
8-K - SEACOAST BANKING CORP OF FLORIDA (0000730708) (Filer)
10-Q - SEACOAST BANKING CORP OF FLORIDA (0000730708) (Filer)
8-K - SEACOAST BANKING CORP OF FLORIDA (0000730708) (Filer)
11-K - SEACOAST BANKING CORP OF FLORIDA (0000730708) (Filer)
8-K - SEACOAST BANKING CORP OF FLORIDA (0000730708) (Filer)
8-K - SEACOAST BANKING CORP OF FLORIDA (0000730708) (Filer)
10-Q - 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)
4 - SEACOAST BANKING CORP OF FLORIDA (0000730708) (Issuer)
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., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida (NASDAQ:SBCF), a bank holding company whose operating entity is Seacoast Bank, today announced it will release third quarter 2024 results on October 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 October 25th at 10:00 a.m. Eastern Time, to discuss the third quarter 2024 earnings results and business trends. Investors may call in (toll-free) by dialing (800) 715-9871 (Conference ID: 6
Well-Positioned Balance Sheet with Strong Capital and Liquidity Continued Build in Loan Originations and Pipeline, Cost of Deposits Stabilizing Growth in Noninterest Income, and Well-Managed Noninterest Expense STUART, Fla., July 25, 2024 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida ("Seacoast" or the "Company") (NASDAQ:SBCF) today reported net income in the second quarter of 2024 of $30.2 million, or $0.36 per diluted share, compared to $26.0 million, or $0.31 per diluted share in the first quarter of 2024 and $31.2 million, or $0.37 per diluted share in the second quarter of 2023. Adjusted net income1 for the second quarter of 2024 was $30.3 million, or $0.36 per dilu
STUART, Fla., July 25, 2024 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida ("Seacoast" or the "Company") (NASDAQ:SBCF), announced that on July 18, 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 September 30, 2024 to shareholders of record at the close of business on September 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 $14.8 billion in assets and $12.0 billion in deposits as of March 31, 2024. The Company provi
STUART, Fla., July 01, 2024 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida (NASDAQ:SBCF), a bank holding company whose operating entity is Seacoast Bank, today announced it will release second quarter 2024 results on July 25th, 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 July 26th at 10:00 a.m. Eastern Time, to discuss the second quarter 2024 earnings results and business trends. Investors may call in (toll-free) by dialing (800) 715-9871 (Conference ID: 59679
Q1 Highlights Included Impressive Growth in Deposits, Successful Completion of Our Expense Initiative, and Building Wealth and Lending Pipelines Strong Capital Position Builds Quarter over Quarter STUART, Fla., April 25, 2024 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida ("Seacoast" or the "Company") (NASDAQ:SBCF) today reported net income in the first quarter of 2024 of $26.0 million, or $0.31 per diluted share, compared to $29.5 million, or $0.35 per diluted share in the fourth quarter of 2023 and $11.8 million, or $0.15 per diluted share in the first quarter of 2023. Adjusted net income1 for the first quarter of 2024 was $31.1 million, or $0.37 per diluted share, compa
STUART, Fla., April 18, 2024 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida ("Seacoast" or the "Company") (NASDAQ:SBCF), announced that on April 18, 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 June 28, 2024 to shareholders of record at the close of business on June 14, 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 $14.6 billion in assets and $11.8 billion in deposits as of December 31, 2023. The Company provides int
STUART, Fla., April 01, 2024 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida (NASDAQ:SBCF), a bank holding company whose operating entity is Seacoast Bank, today announced it will release first quarter 2024 results on April 25th, 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 26th at 10:00 a.m. Eastern Time, to discuss the first quarter 2024 earnings results and business trends. Investors may call in (toll-free) by dialing (800) 715-9871 (Conference ID: 7523
Well-Positioned Balance Sheet with Strong Capital and Liquidity Strategic Expense Measures Executed Robust Capital Position Builds Significantly Quarter over Quarter STUART, Fla., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida ("Seacoast" or the "Company") (NASDAQ:SBCF) today reported net income in the fourth quarter of 2023 of $29.5 million, or $0.35 per diluted share, compared to $31.4 million, or $0.37 per diluted share in the third quarter of 2023 and $23.9 million, or $0.34 per diluted share in the fourth quarter of 2022. For the year ended December 31, 2023, net income was $104.0 million, or $1.23 per diluted share, compared to $106.5 million, or $1.66
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., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida (NASDAQ:SBCF), a bank holding company whose operating entity is Seacoast Bank, today announced it will release third quarter 2024 results on October 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 October 25th at 10:00 a.m. Eastern Time, to discuss the third quarter 2024 earnings results and business trends. Investors may call in (toll-free) by dialing (800) 715-9871 (Conference ID: 6
Well-Positioned Balance Sheet with Strong Capital and Liquidity Continued Build in Loan Originations and Pipeline, Cost of Deposits Stabilizing Growth in Noninterest Income, and Well-Managed Noninterest Expense STUART, Fla., July 25, 2024 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida ("Seacoast" or the "Company") (NASDAQ:SBCF) today reported net income in the second quarter of 2024 of $30.2 million, or $0.36 per diluted share, compared to $26.0 million, or $0.31 per diluted share in the first quarter of 2024 and $31.2 million, or $0.37 per diluted share in the second quarter of 2023. Adjusted net income1 for the second quarter of 2024 was $30.3 million, or $0.36 per dilu
STUART, Fla., July 25, 2024 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida ("Seacoast" or the "Company") (NASDAQ:SBCF), announced that on July 18, 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 September 30, 2024 to shareholders of record at the close of business on September 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 $14.8 billion in assets and $12.0 billion in deposits as of March 31, 2024. The Company provi
STUART, Fla., July 01, 2024 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida (NASDAQ:SBCF), a bank holding company whose operating entity is Seacoast Bank, today announced it will release second quarter 2024 results on July 25th, 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 July 26th at 10:00 a.m. Eastern Time, to discuss the second quarter 2024 earnings results and business trends. Investors may call in (toll-free) by dialing (800) 715-9871 (Conference ID: 59679
American Coastal Insurance Corporation (Nasdaq Ticker: ACIC) ("the Company", "American Coastal" or "ACIC") the insurance holding company of American Coastal Insurance Company ("AmCoastal") announced today that AmCoastal has entered a five-year extension of its exclusive Managing Agency Contract (the "MGA Agreement") with AmRisc, LLC effective June 1, 2024, and expiring January 1, 2029, subject to regulatory approval. The MGA agreement remains mutually exclusive for the admitted condominium association property insurance market in Florida. "AmRisc is the industry leader in commercial property insurance, and we are thrilled with the long-term extension of our partnership that has been mutua
STUART, Fla., May 20, 2024 (GLOBE NEWSWIRE) -- Seacoast Bank, the banking subsidiary of Seacoast Banking Corporation of Florida (NASDAQ:SBCF) and one of the largest community banks in Florida, welcomes Tony Coley as Regional President for South Florida. Tony has over three decades of demonstrated success leading high-performing teams and has a profound understanding of the South Florida market. "Tony is passionate about new business development, community involvement and company culture which aligns perfectly with our strategic commitment to excellence in South Florida, deepening relationships and expanding our presence in one of the state's most vibrant regions," said Chuck Shaffer, Chai
Q1 Highlights Included Impressive Growth in Deposits, Successful Completion of Our Expense Initiative, and Building Wealth and Lending Pipelines Strong Capital Position Builds Quarter over Quarter STUART, Fla., April 25, 2024 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida ("Seacoast" or the "Company") (NASDAQ:SBCF) today reported net income in the first quarter of 2024 of $26.0 million, or $0.31 per diluted share, compared to $29.5 million, or $0.35 per diluted share in the fourth quarter of 2023 and $11.8 million, or $0.15 per diluted share in the first quarter of 2023. Adjusted net income1 for the first quarter of 2024 was $31.1 million, or $0.37 per diluted share, compa
STUART, Fla., April 18, 2024 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida ("Seacoast" or the "Company") (NASDAQ:SBCF), announced that on April 18, 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 June 28, 2024 to shareholders of record at the close of business on June 14, 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 $14.6 billion in assets and $11.8 billion in deposits as of December 31, 2023. The Company provides int
Ratings for Seacoast Banking (NASDAQ:SBCF) were provided by 4 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 1 3 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 0 1 0 0 0 3M Ago 0 0 2 0 0 Analysts have recently evaluated Seacoast Banking and provided 12-month price targets. The average target is $25.5, accompanied by a high estimate of $27.00 and a low estimate of $24.00. A negative shift in
Truist Securities analyst Brandon King maintains Seacoast Banking (NASDAQ:SBCF) with a Hold and lowers the price target from $25 to $24.
Throughout the last three months, 4 analysts have evaluated Seacoast Banking (NASDAQ:SBCF), offering a diverse set of opinions from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 1 3 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 1 0 0 2M Ago 0 0 2 0 0 3M Ago 0 0 0 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $26.25, a high estimate of $27.00, and a low estimate of $25.00. Experiencing a 3.67% dec
Keefe, Bruyette & Woods analyst Wood Lay upgrades Seacoast Banking (NASDAQ:SBCF) from Market Perform to Outperform and raises the price target from $26 to $27.
Keefe, Bruyette & Woods analyst Wood Lay maintains Seacoast Banking (NASDAQ:SBCF) with a Market Perform and lowers the price target from $28 to $26.
Truist Securities analyst Brandon King maintains Seacoast Banking (NASDAQ:SBCF) with a Hold and lowers the price target from $27 to $25.
Seacoast Banking (NASDAQ:SBCF) reported quarterly earnings of $0.37 per share which beat the analyst consensus estimate of $0.35 by 5.71 percent. This is a 27.59 percent increase over earnings of $0.29 per share from the same period last year. The company reported quarterly sales of $125.575 million which missed the analyst consensus estimate of $127.744 million by 1.70 percent. This is a 18.24 percent decrease over sales of $153.597 million the same period last year.
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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