Seacoast Banking Corp. Of Florida (SBCF)

Seacoast Banking Corporation of Florida is one of the largest community banks headquartered in Florida with approximately $8.3 billion in assets and $6.9 billion in deposits as of December 31, 2020. The Company provides integrated financial services including commercial and retail banking, wealth management, and mortgage services to customers through advanced banking solutions, and 51 traditional branches of its locally-branded, wholly-owned subsidiary bank, Seacoast Bank. Offices stretch from Fort Lauderdale, Boca Raton and West Palm Beach north through the Daytona Beach area, into Orlando and Central Florida and the adjacent Tampa market, and west to Okeechobee and surrounding counties.

Company profile

Ticker

SBCF

Exchange

NASDAQ

Website

www.seacoastnational.com

CEO

Dennis Hudson

Incorporated

Florida

Location

Florida

Fiscal year end

Dec 31

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

State Commercial Banks

Bank Of New York Mellon • State Street • Citizens Financial • Northern Trust • M & T Bank • Fifth Third Bancorp • Associated Banc-Corp. • First Citizens Bancshares, Inc • SVB Financial • Commerce Bancshares ...

SEC CIK

0000730708

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

South Branch Building, Inc. • TC Property Venture, LLC • Syracuse Holdings, Inc. • Seacoast Insurance Services, Inc. • Seacoast Real Estate Investment Trust, Inc • TC Property Venture II, LLC • SB Park Venture, LLC ...

IRS number

592260678

SBCF stock data

1M 1Y 5Y

News

From Benzinga Pro

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9 Aug 22

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8 Aug 22

Gainers Bonso Electronics International Inc. (NASDAQ: BNSO) shares jumped 132% to $11.12 after jumping around 46% on Friday. The company recently said it expects unaudited comprehensive loss of $1.6 million for fiscal year ended March 31, 2022.

NVIDIA, Tyson Foods, BioNTech And Some Other Big Stocks Moving Lower On Monday

8 Aug 22

AMTD Digital Inc. (NYSE: HKD) dipped 21.8% to $563.71 on possible profit taking after the stock surged over the last few trading days.

Seacoast Announces Agreement To Acquire Professional Holding Corp.; Transaction Valued At ~$488.6M

8 Aug 22

Recap: Seacoast Banking Q2 Earnings

28 Jul 22

Press releases

From Benzinga Pro

SHAREHOLDER INVESTIGATION NOTICE: Halper Sadeh LLP Investigates GBT, AVLR, CYBE, SBCF

15 Aug 22

NEW YORK, Aug. 15, 2022 /PRNewswire/ -- Halper Sadeh LLP, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties

Lifshitz Law PLLC Announces Investigations of SBTX, HNGR, PBFX, and SBCF

13 Aug 22

NEW YORK, NY / ACCESSWIRE / August 13, 2022 /Silverback Therapeutics, Inc. (NASDAQ:SBTX)Lifshitz Law PLLC announces an investigation into possible breaches of fiduciary duty in connection with SBTX's merger with ARS

PROFESSIONAL HOLDING CORP. INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Professional Holding Corp. - PFHD

11 Aug 22

Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Professional Holding Corp. ("Professional") (NASDAQ:PFHD) to

SHAREHOLDER INVESTIGATION NOTICE: Halper Sadeh LLP Investigates GBT, AVLR, CYBE, SBCF

11 Aug 22

Lifshitz Law PLLC Announces Investigations of SBTX, HNGR, PBFX, and SBCF

10 Aug 22

Analyst ratings and price targets

Last 3 months

Investment data

Data from SEC filings

Securities sold

Number of investors

Calendar

4 Aug 22

16 Aug 22

31 Dec 22

Financial summary

Financial statements Chart SBCF financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	901.37M	901.37M	901.37M	901.37M	901.37M	901.37M
Cash burn (monthly)	107.05M	45.62M	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	168.21M	71.69M	n/a	n/a	n/a	n/a
Cash remaining	733.15M	829.68M	n/a	n/a	n/a	n/a
Runway (months of cash)	6.8	18.2	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

SBCF insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
29 Jul 22	Dennis J Arczynski	Common Stock	Grant	Acquire A	No	No	35.78	1,747	62.51K	5,476
29 Jul 22	Jacqueline Lynette Bradley	Common Stock	Grant	Acquire A	No	No	35.78	1,747	62.51K	18,726.511
29 Jul 22	Crook Michael	Common Stock	Grant	Acquire A	No	No	35.78	873	31.24K	873
29 Jul 22	Crook Michael	Common Stock	Grant	Acquire A	No	No	35.78	874	31.27K	60,794.164
29 Jul 22	Culbreth H Gilbert JR	Common Stock	Grant	Acquire A	No	No	35.78	1,747	62.51K	30,765.585
29 Jul 22	Daum Julie H	Common Stock	Grant	Acquire A	No	No	35.78	1,747	62.51K	32,928.799

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

SBCF institutional ownership history Ownership history

82.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	214	207	+3.4%
Opened positions	25	33	-24.2%
Closed positions	18	29	-37.9%
Increased positions	88	72	+22.2%
Reduced positions	59	58	+1.7%

13F shares	Current	Prev Q	Change
Total value	1.78B	1.73B	+3.1%
Total shares	50.87M	48.82M	+4.2%
Total puts	0	0
Total calls	6K	0	NEW
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
BLK Blackrock	8.82M	$308.85M	+2.2%
Capital World Investors	4.16M	$145.58M	+1.2%
Vanguard	3.75M	$131.32M	+3.6%
STT State Street	3.04M	$106.56M	+30.6%
Dimensional Fund Advisors	1.74M	$60.81M	+2.9%
Fred Alger Management	1.71M	$59.8M	+97.8%
WHG Westwood	1.67M	$58.37M	NEW
Segall Bryant & Hamill	1.59M	$55.83M	-0.4%
TROW T. Rowe Price	1.58M	$55.4M	-65.5%
BK Bank Of New York Mellon	1.48M	$51.95M	-0.2%

Largest transactions	Shares	Bought/sold	Change
TROW T. Rowe Price	1.58M	-3M	-65.5%
WHG Westwood	1.67M	+1.67M	NEW
SLFPY Standard Life Aberdeen	1.37M	+1.37M	NEW
Fred Alger Management	1.71M	+844.17K	+97.8%
STT State Street	3.04M	+713.39K	+30.6%
North Reef Capital Management	120K	-359.45K	-75.0%
Ceredex Value Advisors	207.2K	+207.2K	NEW
BLK Blackrock	8.82M	+193.49K	+2.2%
Vanguard	3.75M	+130.46K	+3.6%
Public Employees Retirement System Of Ohio	116.42K	+116.42K	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Orange.

Management Discussion

For the second quarter of 2022, the Company reported net income of $32.8 million, or $0.53 per average diluted share, compared to $20.6 million, or $0.33 per average diluted share, for the first quarter of 2022 and $31.4 million, or $0.56 per average diluted share, for the second quarter of 2021. For the six months ended June 30, 2022, net income totaled $53.3 million, or $0.86 per average diluted share, a decrease of $11.8 million, or 18%, compared to the six months ended June 30, 2021. Adjusted net income1 for the second quarter of 2022 totaled $36.3 million, or $0.59 per average diluted share, compared to $27.1 million, or $0.44 per average diluted share, for the first quarter of 2022 and $33.3 million, or $0.59 per average diluted share, for the second quarter of 2021. For the six months ended June 30, 2022, adjusted net income1 totaled $63.4 million, or $1.03 per average diluted share, compared to $68.7 million, or $1.23 per average diluted share for the six months ended June 30, 2021.