Seacoast Banking of Florida-Seacoast Banking Corporation of Florida Announces Renewal of Share Repurchase Program

Core Viewpoint - Seacoast Banking Corporation of Florida has renewed its share repurchase program, allowing for the repurchase of up to $100 million of its common stock, which represents approximately 4% of its outstanding shares, with the program set to expire on December 31, 2025 [1][2]. Group 1: Share Repurchase Program Details - The renewed repurchase program allows shares to be repurchased in various ways, including open market purchases and privately negotiated transactions, in compliance with applicable legal and regulatory requirements [2][3]. - The timing and number of shares repurchased will be at the Company's discretion, influenced by factors such as market conditions, financial performance, and regulatory requirements [3][4]. - The Board has the authority to suspend, terminate, or modify the repurchase program at any time without notice, based on market conditions and other strategic considerations [4]. Group 2: Company Overview - Seacoast Banking Corporation of Florida is one of the largest community banks in Florida, with approximately$ 15.2 billion in assets and $12.2 billion in deposits as of September 30, 2024 [5]. - The Company offers a range of financial services, including commercial and consumer banking, wealth management, and mortgage services, through 77 full-service branches and advanced online banking solutions [5].