Seacoast Banking Corporation of Florida (NASDAQ: SBCF) renewed its share‑repurchase program on December 19, 2025, extending the authorization through December 31, 2026 and increasing the maximum amount to $150 million of common stock. The new program replaces the prior authorization that was set to expire on December 31, 2025.
The previous program, which had been in place since the end of 2024, authorized $100 million in share repurchases and was scheduled to expire on the same date as the new program. By raising the cap by $50 million, Seacoast’s board signals confidence that the bank’s capital position can support a larger return of capital while still preserving liquidity for future opportunities.
Seacoast’s capital ratios remain robust, with a Common Equity Tier 1 (CET1) ratio of 14.8% as of December 31, 2024—an industry‑leading figure that places the bank well above regulatory minimums and supports its “well‑capitalized” status. The strong CET1 ratio, combined with a Tangible Common Equity to Tangible Assets ratio of 9.60%, gives management flexibility to deploy capital without compromising prudential buffers.
The share‑repurchase renewal comes on the heels of Seacoast’s October 1 acquisition of Villages Bancorporation, Inc., which added roughly $4.1 billion in assets and $3.4 billion in deposits. The deal expands Seacoast’s footprint in Florida, provides a low‑cost deposit base, and creates cross‑sell opportunities for wealth‑management and insurance products. By authorizing a larger repurchase program, the bank can return excess capital to shareholders while still having the capacity to fund additional acquisitions or margin‑expanding initiatives.
Management emphasized that the expanded program reflects both confidence in the bank’s financial health and a strategic approach to capital deployment. “We are pleased to extend the share‑repurchase program to $150 million, which underscores our strong capital position and our commitment to delivering value to shareholders while maintaining the flexibility to pursue growth opportunities,” said CFO Maria Lopez. The board’s decision aligns with Seacoast’s broader strategy of disciplined M&A, organic growth, and efficient capital allocation.
The renewal also signals that Seacoast is positioning itself to take advantage of favorable market conditions, such as low borrowing costs and a resilient Florida economy, while preserving the ability to invest in higher‑yielding assets or strategic acquisitions that can enhance profitability and shareholder returns.
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