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Seacoast Banking Corp of Florida - SBCF STOCK NEWS

Welcome to our dedicated page for Seacoast Banking of Florida news (Ticker: SBCF), a resource for investors and traders seeking the latest updates and insights on Seacoast Banking of Florida stock.

Seacoast Banking Corporation of Florida (symbol: SBCF) is a prominent financial institution headquartered in Stuart, Florida. Since its inception in 1926, the bank has grown strategically through a clear vision and the dedication of its professional employees. Seacoast Bank operates as the primary subsidiary, offering a comprehensive suite of financial services.

As one of the largest publicly traded commercial banks in Florida, Seacoast Bank provides integrated financial services, including commercial and consumer banking, wealth management, mortgage and insurance services. The bank combines the personalized service of a community bank with the advanced products and conveniences of a national financial institution.

Seacoast Bank's extensive network of branches extends from Palm Beach County through the Treasure Coast, reaching Orlando, Okeechobee, and surrounding counties. The bank is well-known for its commitment to local decision-making and understanding of the markets it serves, ensuring responsiveness to customer needs.

Recent achievements of Seacoast Banking Corporation include the expansion of their mobile and online banking solutions, enhancing accessibility for customers. The bank also offers specialized services such as treasury management, brokerage, and credit facilities, aiming to cater to a wide range of financial requirements.

Seacoast Banking Corporation's financial stability is underscored by its quality credit culture and the expertise of its professional staff. The company's focus on strategic growth and continuous improvement positions it as a leading entity in Florida's banking industry.

Rhea-AI Summary
Seacoast Banking Corporation of Florida (SBCF) reported net income of $29.5 million in Q4 2023, with a decrease in net income and adjusted net income compared to the prior year. The company executed strategic expense measures, repurchased shares, and aims to reduce annual expenses by $15 million in 2024.
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Seacoast Banking Corporation of Florida (SBCF) declared a quarterly cash dividend of $0.18 per share for its common stockholders, payable on March 29, 2024. The company, with $14.8 billion in assets and $12.1 billion in deposits as of September 30, 2023, offers a range of financial services through its subsidiary Seacoast National Bank, including commercial and consumer banking, wealth management, and mortgage services.
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Seacoast Banking Corporation of Florida (NASDAQ: SBCF) will release its fourth quarter 2023 results on January 25th, after the market closes. Investors can access the earnings results on the company’s website and listen to the conference call on January 26th to discuss the earnings results and business trends.
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Seacoast Banking Corporation of Florida (SBCF) renews its share repurchase program, allowing for the repurchase of up to $100 million of its common stock, representing approximately 4% of outstanding shares. The program is set to expire on December 31, 2024, and provides flexibility for repurchases through various methods. The Board retains discretion over the timing and number of shares repurchased, considering factors such as price, market conditions, financial performance, and regulatory requirements.
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Seacoast Banking Corporation of Florida reported net income of $31.4 million for Q3 2023, compared to $31.2 million in Q2 2023 and $29.2 million in Q3 2022. Adjusted net income for Q3 2023 was $39.7 million, a decrease from $49.2 million in Q2 2023. Pre-tax pre-provision earnings increased by 6% in Q3 2023 compared to Q2 2023. Return on average tangible assets was 1.04% in Q3 2023. The company maintained a strong balance sheet and liquidity position.
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Seacoast Banking Corporation of Florida declares quarterly cash dividend of $0.18 per share
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Seacoast Banking Corporation of Florida to release Q3 2023 results on October 26th, followed by a conference call on October 27th at 10:00 a.m. ET.
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Seacoast Banking Corporation of Florida (NASDAQ: SBCF) will release its second quarter 2023 results on July 27th after the market closes. Investors can access the earnings results on the company's website and participate in a conference call on July 28th to discuss the results and business trends.
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FAQ

What is the current stock price of Seacoast Banking of Florida (SBCF)?

The current stock price of Seacoast Banking of Florida (SBCF) is $29.26 as of November 20, 2024.

What is the market cap of Seacoast Banking of Florida (SBCF)?

The market cap of Seacoast Banking of Florida (SBCF) is approximately 2.5B.

What services does Seacoast Bank offer?

Seacoast Bank offers commercial and consumer banking, wealth management, mortgage and insurance services, treasury management, brokerage, and credit facilities.

Where is Seacoast Banking Corporation headquartered?

Seacoast Banking Corporation is headquartered in Stuart, Florida.

What areas does Seacoast Bank serve?

Seacoast Bank serves areas from Palm Beach County through the Treasure Coast, reaching Orlando, Okeechobee, and surrounding counties.

What makes Seacoast Bank unique?

Seacoast Bank combines personalized service with advanced products and local decision-making, providing both community and national bank advantages.

How does Seacoast Bank enhance accessibility for customers?

Seacoast Bank enhances accessibility through its mobile and online banking solutions.

What is the history of Seacoast Bank?

Seacoast Bank was founded in 1926 and has grown through strategic planning and professional employee dedication.

Is Seacoast Bank publicly traded?

Yes, Seacoast Bank is one of the largest publicly traded commercial banks headquartered in Florida.

What recent achievements has Seacoast Bank accomplished?

Recent achievements include the expansion of their mobile and online banking solutions.

How does Seacoast Bank approach credit culture?

Seacoast Bank maintains a quality credit culture, ensuring financial stability and responsible lending practices.

What is the core business of Seacoast Banking Corporation?

The core business includes providing integrated financial services such as banking, wealth management, mortgage and insurance services.

Seacoast Banking Corp of Florida

Nasdaq:SBCF

SBCF Rankings

SBCF Stock Data

2.50B
83.84M
1.39%
85.96%
1.5%
Banks - Regional
State Commercial Banks
Link
United States of America
STUART