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STUART, Fla. - Seacoast Banking Corporation of Florida (NASDAQ:SBCF), a regional bank with a market capitalization of $2.48 billion, announced Thursday that its Board of Directors has declared a quarterly cash dividend of $0.18 per share. The dividend represents a yield of 2.51%, continuing the company’s track record of raising dividends for four consecutive years, according to InvestingPro data.
The dividend will be payable on September 30, 2025, to shareholders of record at the close of business on September 15, 2025, according to a company press release.
Seacoast Banking Corporation operates through its subsidiary Seacoast National Bank, which serves as one of the largest community banks headquartered in Florida. As of March 31, 2025, the company reported approximately $15.7 billion in assets and $12.6 billion in deposits.
The bank provides integrated financial services including commercial and consumer banking, wealth management, and mortgage services to customers across Florida through 84 full-service branches and digital banking platforms.
In other recent news, Seacoast Banking Corporation of Florida has completed its acquisition of Heartland Bancshares, Inc., valued at approximately $111.2 million. This transaction expands Seacoast’s presence in Central Florida, adding Heartland’s $665.9 million in deposits and $156.6 million in loans to its portfolio. Additionally, Seacoast announced an agreement to acquire Villages Bancorporation, Inc., which is expected to bolster its assets to $21 billion and deposits to $17 billion. Analysts from Keefe, Bruyette & Woods have responded positively, raising Seacoast’s stock price target to $32, citing the strategic value of these acquisitions. The Villages Bancorporation deal is projected to be 24% accretive to Seacoast’s 2026 earnings, enhancing profitability and balance sheet flexibility.
Furthermore, Seacoast’s recent shareholder meeting resulted in the election of four Class II directors and approval of several proposals, including increasing authorized shares and amending the 2021 Incentive Plan. Shareholders also ratified the appointment of Crowe LLP as independent auditors for the fiscal year ending December 31, 2025. These developments indicate Seacoast’s strategic focus on growth and shareholder value enhancement.
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