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Seacoast Banking Corporation of Florida Announces Share Repurchase Program Renewal
STUART, Fla.--(BUSINESS WIRE)-- Seacoast Banking Corporation of Florida (“Seacoast” or the “Company”) (NASDAQ: SBCF) announced that on December 19, 2025, its
About this update from Seacoast Banking Corporation Of Florida
[{"type":"text","content":" STUART, Fla.--(BUSINESS WIRE)--\nSeacoast Banking Corporation of Florida (“Seacoast” or the “Company”) (NASDAQ: SBCF) announced that on December 19, 2025, its Board of Directors (the “Board”) renewed the Company's share repurchase program, which was set to expire on December 31, 2025. Under the renewed repurchase program, which will expire on December 31, 2026, the Company may repurchase, from time to time, up to $150 million of its shares of common stock, an increase over the current repurchase program. This represents approximately 5% of the Company’s outstanding common stock.\n\nThe repurchase program permits shares to be repurchased in the open market, by block purchase, in privately negotiated transactions, in one or more transactions from time to time, or pursuant to any trading plan adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934 (the “Exchange Act”). Open market purchases will be conducted in accordance with the limitations set forth in Rule 10b-18 of the Exchange Act and other applicable legal and regulatory requirements.\n\nThe timing and actual number of shares repurchased will be made at the Company’s discretion and will depend on a variety of factors including, without limitation, price, corporate and regulatory requirements, market conditions, Seacoast’s financial performance, and bank capital and liquidity requirements and priorities. The repurchase program does not obligate the Company to purchase any particular number of shares.\n\nThe repurchase program may be suspended, terminated or modified by the Board without notice at any time for any reason, including, without limitation, market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, capital and liquidity objectives, and other factors deemed appropriate by Seacoast’s management.\n\nAbout Seacoast Banking Corporation of Florida (NASDAQ: SBCF)\n\nSeacoast Banking Corporation of Florida (NASDAQ: SBCF) is one of the largest community banks headquartered in Florida, with approximately $16.7 billion in assets and $13.1 billion in deposits as of September 30, 2025. The acquisition of Villages Bancorporation, Inc. on October 1, 2025 added approximately $4.1 billion in assets and $3.4 billion in deposits. Seacoast provides integrated financial services including commercial and consumer ...