Seacoast Banking Corporation of Florida (SBCF)

Seacoast Banking Corp. of Florida's stock price has increased by 25.92% in the past six months and 3.40% over the past year. In Q1 2025, the company reported strong expansion in loans and deposits, with net income of $31.5 million, or $0.37 per diluted share, and adjusted pre-tax pre-provision income increased by 22% year-over-year. In Q3 2025, Seacoast delivered a strong quarter with adjusted net income increasing 48% year-over-year to $45.2 million, or $0.52 per share. In Q4 2024, Seacoast reported net income of $34.1 million, or $0.40 per diluted share. The acquisition of Heartland Bancshares and Heartland National Bank is progressing, with an expected closing and conversion in the third quarter of 2025. Seacoast completed its acquisition of Villages Bancorporation, Inc. on October 1, 2025, which included the issuance of Series A Non-Voting Preferred Stock. On October 23, 2025, the Board of Directors declared a quarterly cash dividend of $0.19 per common share, representing an approximately 5.6% increase from the prior quarter.

While specific detailed breakdowns of demand seasonality for all products and services are not extensively provided, some seasonal trends have been noted. The first quarter is typically "seasonally higher" due to factors like payroll tax and 401(k) contributions. Conversely, the second quarter often exhibits a "seasonally lower trend" in deposit growth. Additionally, the company's insurance agency income reflects "typical fourth quarter seasonality."

Seacoast Banking Corp. of Florida provides integrated financial services to individuals, families, and businesses, including deposit accounts, loans, wealth management, mortgage banking, and insurance services. The company also offers treasury management solutions and digital banking services, including online and mobile banking. Seacoast Bank operates ATMs at Publix supermarkets.

Seacoast Banking Corp. of Florida's market presence is concentrated in Florida, serving customers across high-growth coastal and inland communities. The company has offices in Fort Lauderdale, Boca Raton, Palm Beach, the Daytona area, Orlando, Central Florida, Tampa, and Okeechobee and surrounding counties. As of December 31, 2024, Seacoast operates over 77 full-service branches across Florida. The company expanded its footprint with two new locations in Fort Lauderdale and Tampa, and recently completed the acquisition of Villages Bancorporation, Inc., adding 19 branches in The Villages® community and North Central Florida.

Seacoast Banking Corp. of Florida maintains a strong brand reputation. Seacoast Bank was ranked #34 among S&P Global Market Intelligence's 2023 Top 50 Public Banks. Seacoast Bank has been recognized for three consecutive years as one of the "Best Banks to Work For" by American Banker and has repeatedly been acknowledged as a best place to work for LGBTQ equality.

Institutional investors hold a significant portion of Seacoast Banking Corp. of Florida's stock, ranging from approximately 67.86% to 75%. Major institutional owners include BlackRock, Inc., Vanguard Group Inc, Wellington Management Group Llp, iShares Core S&P Small-Cap ETF, North Reef Capital Management LP, State Street Corp, Dimensional Fund Advisors Lp, Franklin Resources Inc, and Westwood Holdings Group Inc. The general public holds around 17% to 30.48% of the company's stock, and insiders own approximately 1.66% of the shares.