Latest news with #SeacoastBankingCorporationofFlorida
Yahoo
7 days ago
- Business
- Yahoo
Seacoast Banking Acquires Villages Bancorporation
Seacoast Banking Corporation of Florida (NASDAQ:SBCF) recently disclosed the acquisition of Villages Bancorporation, Inc. (VBI), the parent company of Citizens First Bank, for an estimated $710.8 million. A financial advisor leading a client meeting, explaining different investment options in detail. Through a proration mechanism, VBI stockholders will get a combination of $1,000 in cash and 38.5 Seacoast Banking Corporation of Florida (NASDAQ:SBCF) shares per share, guaranteeing 25% cash and 75% stock. The transaction is scheduled to wrap up in Q4 2025 and be 22% EPS accretive by 2026, with a tangible book value earnback in less than three years. VBI has $1.3 billion in loans, $3.5 billion in deposits, and $4.1 billion in assets throughout its 19 branches. It owns a deposit share of more than 50% in the Wildwood-The Villages MSA. The Villages, a high-growth Florida town of 150,000 people, offers a strategic expansion opportunity. Seacoast Banking Corporation of Florida (NASDAQ:SBCF) will have $21 billion in pro forma assets after the VBI and Heartland Bancshares transactions. While we acknowledge the potential of SBCF to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SBCF and that has 100x upside potential, check out our report about this READ NEXT: and . Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Business Wire
14-05-2025
- Business
- Business Wire
Seacoast Receives Regulatory Approvals for the Acquisition of Heartland Bancshares, Inc.
STUART, Fla.--(BUSINESS WIRE)--Seacoast Banking Corporation of Florida ('Seacoast' or the 'Company') (NASDAQ: SBCF), the holding company for Seacoast National Bank ('Seacoast Bank'), announced today that the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency have approved Seacoast's application with respect to Seacoast's previously announced acquisition of Heartland Bancshares, Inc. ('Heartland'), and Seacoast Bank's application with respect to the merger of Heartland National Bank with and into Seacoast Bank. All required regulatory approvals to complete the transaction have now been received, and the transaction is expected to close on or around July 11, 2025, subject to the satisfaction of customary closing conditions, including approval of the shareholders of Heartland Bancshares, Inc. Additional information on Seacoast's agreement to acquire Heartland can be found at About Seacoast Banking Corporation of Florida (NASDAQ: SBCF) Seacoast Banking Corporation of Florida (NASDAQ: SBCF) is one of the largest community banks headquartered in Florida with approximately $15.7 billion in assets and $12.6 billion in deposits as of March 31, 2025. Seacoast and its subsidiaries provide integrated financial services including commercial and consumer banking, wealth management and mortgage services to customers at over 79 full-service branches across Florida, and through advanced mobile and online banking solutions. Seacoast National Bank is the wholly-owned subsidiary bank of Seacoast Banking Corporation of Florida. Additional information about Seacoast can be found at Additional Information Seacoast has filed a registration statement, as amended, on Form S-4 with the United States Securities and Exchange Commission (the "SEC") in connection with the proposed merger of Heartland Bancshares, Inc. and Heartland National Bank with and into Seacoast and Seacoast National Bank, respectively. The registration statement in connection with the merger includes a proxy statement of Heartland Bancshares, Inc. and a prospectus of Seacoast. This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. WE URGE INVESTORS TO READ THE PROXY STATEMENT/PROSPECTUS AND ANY OTHER DOCUMENTS TO BE FILED WITH THE SEC IN CONNECTION WITH THE MERGERS OR INCORPORATED BY REFERENCE IN THE PROXY STATEMENT/PROSPECTUS BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors may obtain these documents free of charge at the SEC's website ( In addition, documents filed with the SEC by Seacoast will be available free of charge by contacting Investor Relations at (772) 288-6085. Heartland Bancshares, Inc. and Heartland National Bank, their directors, executive officers, other members of management, and employees may be considered participants in the solicitation of proxies in connection with the proposed mergers with and into Seacoast and Seacoast National Bank. Information regarding the participants in the proxy solicitation of Heartland Bancshares, Inc. and a description of its direct and indirect interests, by security holdings or otherwise, is contained in the proxy statement/prospectus and other relevant materials to be filed with the SEC. Cautionary Notice Regarding Forward-Looking Statements This press release contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is intended to be protected by the safe harbor provided by the same. Forward-looking statements include statements with respect to the Company's beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates and intentions about future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond the Company's control, and which may cause the actual results, performance or achievements of Seacoast or Seacoast Bank to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. You should not expect the Company to update any forward-looking statements. These statements are subject to numerous risks and uncertainties. These risks and uncertainties include, but are not limited to, the following: failure to obtain the approval of shareholders of Heartland Bancshares, Inc. in connection with the merger; the timing to consummate the proposed merger; changes in Seacoast's share price before closing; the risk that a condition to closing of the proposed merger may not be satisfied; the parties' ability to achieve the synergies and value creation contemplated by the proposed merger; the parties' ability to promptly and effectively integrate the businesses of Seacoast and Heartland Bancshares, Inc., including unexpected transaction costs, including the costs of integrating operations, severance, professional fees and other expenses; the diversion of management time on issues related to the merger; the failure to consummate or any delay in consummating the merger for other reasons; changes in laws or regulations; the risks of customer and employee loss and business disruption, including, without limitation, as the result of difficulties in maintaining relationships with employees; increased competitive pressures and solicitations of customers and employees by competitors; the difficulties and risks inherent with entering new markets; other factors that may affect future results of Seacoast and Heartland Bancshares, Inc. including changes in asset quality and credit risk, including the impact of tariffs or trade wars (including reduced consumer spending, supply chain, issues, and adverse impacts to credit quality), the inability to sustain revenue and earnings growth, changes in interest rates and capital markets, inflation, customer borrowing, repayment, investment and deposit practices, the impact, extent and timing of technological changes, capital management activities and other actions of the Federal Reserve Board, legislative and regulatory actions and reforms and any other changes in general economic conditions. For additional information concerning factors that could cause actual conditions, events or results to materially differ from those described in the forward-looking statements, please refer to the factors set forth under the headings "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Seacoast's most recent Form 10-K report, Form 10-Q report and to Seacoast's most recent Form 8-K reports, which are available online at No assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of Seacoast and Heartland Bancshares, Inc.
Yahoo
10-05-2025
- Business
- Yahoo
Seacoast Banking Corporation of Florida First Quarter 2025 Earnings: Revenues Beat Expectations, EPS Lags
Revenue: US$131.4m (up 5.8% from 1Q 2024). Net income: US$31.5m (up 21% from 1Q 2024). Profit margin: 24% (up from 21% in 1Q 2024). The increase in margin was driven by higher revenue. EPS: US$0.37 (up from US$0.31 in 1Q 2024). This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 6.3%. Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Banks industry in the US. Performance of the American Banks industry. The company's shares are up 1.1% from a week ago. While earnings are important, another area to consider is the balance sheet. See our latest analysis on Seacoast Banking Corporation of Florida's balance sheet health. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
27-04-2025
- Business
- Yahoo
Seacoast Banking Corporation of Florida Just Missed EPS By 6.3%: Here's What Analysts Think Will Happen Next
It's been a good week for Seacoast Banking Corporation of Florida (NASDAQ:SBCF) shareholders, because the company has just released its latest first-quarter results, and the shares gained 3.4% to US$23.73. It was a pretty mixed result, with revenues beating expectations to hit US$141m. Statutory earnings fell 6.3% short of analyst forecasts, reaching US$0.37 per share. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Seacoast Banking Corporation of Florida after the latest results. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Following the latest results, Seacoast Banking Corporation of Florida's five analysts are now forecasting revenues of US$588.3m in 2025. This would be a notable 16% improvement in revenue compared to the last 12 months. Per-share earnings are expected to expand 12% to US$1.67. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$580.4m and earnings per share (EPS) of US$1.67 in 2025. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates. View our latest analysis for Seacoast Banking Corporation of Florida There were no changes to revenue or earnings estimates or the price target of US$28.50, suggesting that the company has met expectations in its recent result. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Currently, the most bullish analyst values Seacoast Banking Corporation of Florida at US$32.00 per share, while the most bearish prices it at US$26.00. This is a very narrow spread of estimates, implying either that Seacoast Banking Corporation of Florida is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions. Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. It's clear from the latest estimates that Seacoast Banking Corporation of Florida's rate of growth is expected to accelerate meaningfully, with the forecast 22% annualised revenue growth to the end of 2025 noticeably faster than its historical growth of 15% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 7.1% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Seacoast Banking Corporation of Florida to grow faster than the wider industry. The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. The consensus price target held steady at US$28.50, with the latest estimates not enough to have an impact on their price targets. With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have forecasts for Seacoast Banking Corporation of Florida going out to 2026, and you can see them free on our platform here. You can also view our analysis of Seacoast Banking Corporation of Florida's balance sheet, and whether we think Seacoast Banking Corporation of Florida is carrying too much debt, for free on our platform here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
27-04-2025
- Business
- Yahoo
Seacoast Banking Corporation of Florida Just Missed EPS By 6.3%: Here's What Analysts Think Will Happen Next
It's been a good week for Seacoast Banking Corporation of Florida (NASDAQ:SBCF) shareholders, because the company has just released its latest first-quarter results, and the shares gained 3.4% to US$23.73. It was a pretty mixed result, with revenues beating expectations to hit US$141m. Statutory earnings fell 6.3% short of analyst forecasts, reaching US$0.37 per share. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Seacoast Banking Corporation of Florida after the latest results. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Following the latest results, Seacoast Banking Corporation of Florida's five analysts are now forecasting revenues of US$588.3m in 2025. This would be a notable 16% improvement in revenue compared to the last 12 months. Per-share earnings are expected to expand 12% to US$1.67. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$580.4m and earnings per share (EPS) of US$1.67 in 2025. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates. View our latest analysis for Seacoast Banking Corporation of Florida There were no changes to revenue or earnings estimates or the price target of US$28.50, suggesting that the company has met expectations in its recent result. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Currently, the most bullish analyst values Seacoast Banking Corporation of Florida at US$32.00 per share, while the most bearish prices it at US$26.00. This is a very narrow spread of estimates, implying either that Seacoast Banking Corporation of Florida is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions. Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. It's clear from the latest estimates that Seacoast Banking Corporation of Florida's rate of growth is expected to accelerate meaningfully, with the forecast 22% annualised revenue growth to the end of 2025 noticeably faster than its historical growth of 15% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 7.1% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Seacoast Banking Corporation of Florida to grow faster than the wider industry. The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. The consensus price target held steady at US$28.50, with the latest estimates not enough to have an impact on their price targets. With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have forecasts for Seacoast Banking Corporation of Florida going out to 2026, and you can see them free on our platform here. You can also view our analysis of Seacoast Banking Corporation of Florida's balance sheet, and whether we think Seacoast Banking Corporation of Florida is carrying too much debt, for free on our platform here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
