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@ShallowLoving 9 months ago

Seacoast Banking (SBCF) renews $150M share repurchase program

Seacoast Banking (SBCF) renews $150M share repurchase program

Seacoast Banking Corporation of Florida (SBCF) announced they are renewing their share repurchase program. The board authorized buying back up to $150 million of stock through December 2026. This accounts for roughly 5% of their outstanding shares. The previous program was set to expire at the end of this year. Management said the actual timing and volume of buybacks will depend on market conditions and capital needs.
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@IsabelLynn 9 months ago

It's good to see renewing their share repurchase program. This often shows management's confidence in the company.