SBCF - Seacoast Banking announces share repurchase program

Seacoast Banking Corporation of Florida (SBCF) adopts a share repurchase program. Under the repurchase program, to expire on December 31, 2021, company may repurchase up to $100M of its shares of common stock, representing approximately 6.1% of the Company’s outstanding common stock as of December 16, 2020. “We are committed to maintaining a fortress balance sheet while also building long-term shareholder value, and we will continue to support our objective to maintain robust capital strength that ranks among the highest in our peer group. Given our confidence in our forward outlook, we felt it appropriate to add another capital management option for the coming year and as the overall economic recovery becomes clearer.” said Dennis S. Hudson, III, Seacoast’s Chairman and CEO.Press Release

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Seacoast Banking announces share repurchase program