SBCF Seacoast Banking Corp. Of Florida Dashboard

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 • Fifth Third Bancorp • Northern Trust • M & T Bank • Popular • Ally Financial • Associated Banc-Corp. • First Citizens Bancshares, Inc ...

SEC CIK

0000730708

Corporate docs

Articles of Incorporation & Bylaws

IRS number

592260678

SBCF stock data

S&P 500

1M 1Y 2Y 5Y

News

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Seacoast Banking: Q2 Earnings Insights

22 Jul 21

Shares of Seacoast Banking (NASDAQ:SBCF) were flat in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share were up 22.92% over the past year to $0.59, which beat the estimate of $0.52.

Seacoast Banking Q2 EPS $0.59 Beats $0.52 Estimate, Sales $81.12M Miss $82.65M Estimate

22 Jul 21

Seacoast Banking (NASDAQ:SBCF) reported quarterly earnings of $0.59 per share which beat the analyst consensus estimate of $0.52 by 13.46 percent. This is a 22.92 percent increase over earnings of $0.48 per share from

Earnings Scheduled For July 22, 2021

22 Jul 21

Companies Reporting Before The Bell • Champions Oncology, Inc. - Common Stock (NASDAQ:CSBR) is estimated to report earnings for its fourth quarter.

Press releases

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Seacoast Reports Second Quarter 2021 Results

22 Jul 21

Pipelines Expand Sequentially, in Line with a Flourishing Florida Economy Record Quarter for Wealth Management, Interchange Income, and Growth in Transaction Account Balances STUART, Fla., July 22, 2021 (GLOBE

Seacoast Banking Corporation of Florida Declares Quarterly Dividend on Common Stock

21 Jul 21

STUART, Fla., July 21, 2021 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida ("Seacoast" or the "Company") (NASDAQ:SBCF), announced that on July 20, 2021, the Company's Board of Directors declared a

Seacoast Expands its Commercial Banking Leadership Team

8 Jul 21

STUART, Fla., July 08, 2021 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida (NASDAQ:SBCF), one of the largest community banks based in Florida, today announced the continued expansion of its commercial

Seacoast Banking Corporation of Florida to Announce Second Quarter Earnings Results July 22, 2021

30 Jun 21

Investment data

Data from SEC filings

Securities sold

Number of investors

Calendar

5 May 21

31 Jul 21

31 Dec 21

Financial summary

Financial statements Chart SBCF financial data

Quarter (USD)	Mar 21	Dec 20	Sep 20	Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 20	Dec 19	Dec 18	Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
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Cash on hand
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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
16 Jul 21	Crook Michael	Common Stock	Grant	Aquire A	No	No	32.4501	288.667	9.37K	57,160.831
16 Jul 21	Culbreth H Gilbert JR	Common Stock	Grant	Aquire A	No	No	32.45	288.667	9.37K	25,420.639
16 Jul 21	Daum Julie H	Common Stock	Grant	Aquire A	No	No	32.45	288.667	9.37K	27,559.325
11 May 21	Crook Michael	Common Stock	Sell	Dispose S	No	No	36.77	447	16.44K	30,367
5 May 21	Dennis S Hudson Iii	Common Stock	Sell	Dispose S	No	No	38.24	7,000	267.68K	178,538

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

Institutional ownership Q1 2021

SBCF institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

85.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	185	162	+14.2%
Opened positions	37	27	+37.0%
Closed positions	14	15	-6.7%
Increased positions	58	69	-15.9%
Reduced positions	62	41	+51.2%

13F shares	Current	Prev Q	Change
Total value	2.78B	1.37B	+103.6%
Total shares	47.14M	46.34M	+1.7%
Total puts	0	0
Total calls	0	14.8K	EXIT
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
BLK Blackrock	8.13M	$294.76M	+2.8%
TROW T. Rowe Price	5.18M	$187.59M	+0.1%
Capital World Investors	3.78M	$137.06M	0.0%
Vanguard	3.43M	$124.44M	+2.1%
STT State Street	2.16M	$78.22M	+18.8%
Dimensional Fund Advisors	1.67M	$60.79M	-2.5%
BK Bank Of New York Mellon	1.46M	$53.02M	+0.3%
GW&K Investment Management	1.4M	$50.81M	+0.8%
Thrivent Financial For Lutherans	1.38M	$49.89M	-4.0%
Wellington Management	1.36M	$49.22M	-16.7%

Largest transactions	Shares	Bought/sold	Change
Jennison Associates	168.74K	-432.22K	-71.9%
Royce & Associates	822.79K	+385.34K	+88.1%
STT State Street	2.16M	+340.82K	+18.8%
GS Goldman Sachs	398.51K	+317.57K	+392.4%
Wellington Management	1.36M	-271.98K	-16.7%
BLK Blackrock	8.13M	+219K	+2.8%
Segall Bryant & Hamill	1.33M	-197.8K	-12.9%
William Blair Investment Management	304.61K	-178.12K	-36.9%
ATAC Neuberger Berman	148.02K	+148.02K	NEW
DB Deutsche Bank AG - Registered Shares	95.76K	-116.12K	-54.8%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Orange.

Management Discussion

For the first quarter of 2021, the Company reported net income of $33.7 million, or $0.60 per average diluted share, compared to $29.3 million, or $0.53, for the fourth quarter of 2020 and $0.7 million, or $0.01, for the first quarter of 2020. Adjusted net income1 for the first quarter of 2021 totaled $35.5 million, or $0.63 per average diluted share, compared to $30.7 million, or $0.55, for the fourth quarter of 2020 and $5.5 million, or $0.10, for the first quarter of 2020.
1Non-GAAP measure - see “Explanation of Certain Unaudited Non-GAAP Financial Measures” for more information and a reconciliation to GAAP.
Total average loans decreased $146.7 million, or 2%, for the first quarter of 2021 compared to the fourth quarter of 2020, and increased $544.1 million, or 10%, from the first quarter of 2020. The decrease from the prior quarter reflects the effect of elevated payoffs exceeding loan originations, and a net decrease in PPP loans as a result of loan forgiveness. The increase from the prior year reflects the Company's participation in the PPP program and the acquisitions of FBPB and Freedom Bank.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

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From filing 10-Q 2021 Q1