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Stock impact report

Florida serial acquirer strikes again with $110M deal [Yahoo! Finance]

Seacoast Banking Corporation of Florida (SBCF) 
Last seacoast banking corporation of florida earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: seacoastbank.com
Company Research Source: Yahoo! Finance
Dive Brief: Stuart, Florida-based Seacoast Banking Corp. has agreed to buy in-state, Sebring-based Heartland Bancshares in an evenly split cash and stock deal valued at roughly $110 million, the bank said Thursday The deal would expand Seacoast's footprint in the central Florida market and is expected to be approximately 7% accretive to earnings per share in 2026, with modest dilution of tangible book value per share anticipated to be earned back in about 2.25 years, the company said. The transaction, expected to close in the third quarter of 2025, awaits regulatory and Heartland shareholders' approvals Dive Insight: Seacoast, a serial acquirer, has struck a deal with Heartland after a more than 2-year lull. Seacoast's acquisition of Professional Bank was announced in August 2022 and consummated in January 2023. Heartland is Seacoast's 17th acquisition since 2014, and it highlights the bank's ongoing strategy of combining organic growth with strategic acquisitions, accord Show less Read more
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