Seacoast Banking Corporation of Florida (SBCF)

Seacoast reported strong third-quarter results, with adjusted earnings per share (EPS) of $0.52, surpassing analyst estimates of $0.46. Seacoast Banking Corporation of Florida declared an increase to its quarterly dividend on common stock. Seacoast completed the acquisition of Villages Bancorporation, Inc., which added 19 branches and approximately $4 billion in assets, expanding its presence in North Central Florida and The Villages® community. The company completed its acquisition of Heartland Bancshares, Inc., adding four branches, approximately $153.3 million in loans, and $705.2 million in deposits in Central Florida. Seacoast Banking reported strong Q2 2025 results, with net interest income and net interest margin surpassing analyst estimates.

The demand for Seacoast Banking Corp. of Florida's products and services is likely influenced by the broader economic and seasonal conditions in Florida, particularly given the state's significant tourism industry. Florida's tourism sector exhibits strong seasonal effects, with a preference for visitors in the winter quarter (Q1). A "summer tourism slump" in 2025 was noted to impact local businesses in Florida, suggesting that banking services catering to these businesses and their employees could experience seasonal fluctuations.

Seacoast Banking Corp. of Florida (SBCF) is a financial holding company operating through Seacoast National Bank, founded in 1926. It provides financial services to commercial and retail customers, including banking, wealth management, mortgage, and insurance services. Revenue is generated from interest rate spreads and transaction fees.

Seacoast Banking Corp. of Florida's geographic footprint is concentrated entirely within Florida. The company is headquartered in Stuart, Florida, and operates 103 full-service branches across the state. Its physical presence extends from the southeast, encompassing areas like Fort Lauderdale, Boca Raton, and Palm Beach, northward along the east coast to the Daytona area, into Orlando and Central Florida, and the adjacent Tampa market, and west to Okeechobee and surrounding counties. The company also lists 24 office locations in various Florida cities, including Apopka, Boynton Beach, Clermont, Jensen Beach, Jupiter, Lakeland, Lake Mary, and Longwood.

Seacoast Banking Corp. of Florida's brand reputation has been generally stable with some positive shifts. The company currently holds an average rating of "Moderate Buy" or "Hold" from research analysts. Some analysts have upgraded their ratings. Despite outperforming Wall Street forecasts in Q3 2025, some analysts maintain a cautious stance on regional lenders like Seacoast.

Seacoast Banking Corp. of Florida has a diverse ownership structure, with institutional investors holding a significant majority between 51.76% and 88.42% of the company's stock. Insiders hold about 1.85% to 49.39% of the shares, while public companies and individual investors own approximately 0% to 24.12%. Major institutional owners include BlackRock, Inc., Vanguard Group Inc, North Reef Capital Management LP, State Street Corp, Wellington Management Group Llp, Dimensional Fund Advisors Lp, Westwood Holdings Group Inc, Franklin Resources Inc, and iShares. Notable individual insider shareholders include Robert I. Goldstein, John W. Rose, John P. I. Sullivan, and Dennis S. Hudson III.