Latest news with #SBCF
Yahoo
07-07-2025
- Business
- Yahoo
3 Bank Stocks in the Doghouse
Banks serve as the backbone of the economy, facilitating lending, deposits, and financial services that keep businesses and consumers moving forward. But worries about an economic slowdown and potential credit deterioration have kept sentiment in check, and over the past six months, the banking industry's 4.7% return has trailed the S&P 500 by 1.5 percentage points. While some banks have strong balance sheets and diversified revenue streams that enable them to thrive in any environment, the odds aren't great for the ones we're analyzing today. Taking that into account, here are three bank stocks that may face trouble. Market Cap: $2.51 billion Founded during the Florida land boom of 1926 and surviving the Great Depression, Seacoast Banking Corporation of Florida (NASDAQ:SBCF) is a financial holding company that provides commercial and retail banking, wealth management, and mortgage services throughout Florida. Why Does SBCF Worry Us? Muted 3.6% annual revenue growth over the last two years shows its demand lagged behind its bank peers Earnings per share fell by 12% annually over the last two years while its revenue grew, showing its incremental sales were much less profitable Annual interest expenses are high relative to its profits, increasing the probability of its failure to meet certain borrowing obligations Seacoast Banking's stock price of $29.18 implies a valuation ratio of 1.1x forward P/B. To fully understand why you should be careful with SBCF, check out our full research report (it's free). Market Cap: $1.12 billion Founded in 1902 in Ohio and expanding through both organic growth and acquisitions, Peoples Bancorp (NASDAQ:PEBO) is a financial holding company that provides banking, insurance, equipment leasing, and investment services to consumers and businesses. Why Are We Wary of PEBO? Demand will likely fall over the next 12 months as Wall Street expects flat net interest income Tangible book value per share stagnated over the last five years and signals the need for new capital management strategies Low interest coverage ratio indicates the company may struggle to service its debt obligations if operational performance deteriorates Peoples Bancorp is trading at $32.38 per share, or 1x forward P/B. Dive into our free research report to see why there are better opportunities than PEBO. Market Cap: $165.7 billion With operations in nearly 160 countries and a history dating back to 1812, Citigroup (NYSE:C) is a global financial services company that provides banking, investment, wealth management, and payment solutions to consumers, corporations, and governments. Why Are We Hesitant About C? Large revenue base makes it harder to expand quickly, and its annual net interest income growth of 5.7% over the last four years was below our standards for the bank sector Estimated net interest income growth of 2.6% for the next 12 months implies demand will slow from its four-year trend Inferior net interest margin of 2.4% means it must compensate for lower profitability through increased loan originations At $88.72 per share, Citigroup trades at 0.8x forward P/B. Read our free research report to see why you should think twice about including C in your portfolio, it's free. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today for free. Find your next big winner with StockStory today. Find your next big winner with StockStory today Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
02-07-2025
- Business
- Globe and Mail
Seacoast Banking Corporation of Florida to Announce Second Quarter Earnings Results July 24, 2025
Seacoast Banking Corporation of Florida (NASDAQ: SBCF), a bank holding company whose operating entity is Seacoast Bank, today announced it will release second quarter 2025 results on July 24 th, after the market closes. Upon release, investors may access a copy of Seacoast's earnings results at the company's website on the home page by selecting 'Press Releases' under the heading 'News/Events.' Seacoast will host a conference call July 25 th at 10:00 a.m. Eastern Time, to discuss the second quarter 2025 earnings results and business trends. Investors may call in (toll-free) by dialing (800) 715-9871 (Conference ID: 5614613). Charts will be used during the conference call and may be accessed at Seacoast's website at by selecting 'Presentations' under the heading 'News/Events.' Additionally, a recording of the call will be made available to individuals shortly after the conference call and can be accessed via a link at under the heading 'Corporate Information.' The recording will be available for one year. About Seacoast Banking Corporation of Florida (NASDAQ: SBCF) Seacoast Banking Corporation of Florida is one of the largest community banks headquartered in Florida with $15.7 billion in assets and $12.6 billion in deposits as of March 31, 2025. Seacoast provides integrated financial services including commercial and consumer banking, wealth management, and mortgage services to customers at 79 full-service branches across Florida, and through advanced mobile and online banking solutions. Seacoast National Bank is the wholly-owned subsidiary bank of Seacoast Banking Corporation of Florida. For more information about the Seacoast, visit
Yahoo
24-06-2025
- Business
- Yahoo
3 Reasons SBCF is Risky and 1 Stock to Buy Instead
Over the past six months, Seacoast Banking's shares (currently trading at $25.77) have posted a disappointing 6.9% loss while the S&P 500 was flat. This might have investors contemplating their next move. Is there a buying opportunity in Seacoast Banking, or does it present a risk to your portfolio? See what our analysts have to say in our full research report, it's free. Even with the cheaper entry price, we don't have much confidence in Seacoast Banking. Here are three reasons why SBCF doesn't excite us and a stock we'd rather own. We at StockStory place the most emphasis on long-term growth, but within financials, a stretched historical view may miss recent interest rate changes, market returns, and industry trends. Seacoast Banking's recent performance shows its demand has slowed significantly as its annualized revenue growth of 3.6% over the last two years was well below its five-year trend. We track the long-term change in earnings per share (EPS) because it highlights whether a company's growth is profitable. Seacoast Banking's flat EPS over the last five years was below its 11.7% annualized revenue growth. This tells us the company became less profitable on a per-share basis as it expanded. Leverage is core to the bank's business model (loans funded by deposits) and to ensure their stability, regulators require certain levels of capital and liquidity, focusing on a bank's Tier 1 capital ratio. Tier 1 capital is the highest-quality capital that a bank holds, consisting primarily of common stock and retained earnings, but also physical gold. It serves as the primary cushion against losses and is the first line of defense in times of financial distress. This capital is divided by risk-weighted assets to derive the Tier 1 capital ratio. Risk-weighted means that cash and US treasury securities are assigned little risk while unsecured consumer loans and equity investments get much higher risk weights, for example. New regulation after the 2008 financial crisis requires that all banks must maintain a Tier 1 capital ratio greater than 4.5% On top of this, there are additional buffers based on scale, risk profile, and other regulatory classifications, so that at the end of the day, banks generally must maintain a 7-10% ratio at minimum. Over the last two years, Seacoast Banking has averaged a Tier 1 capital ratio of 14.5%, which is considered unsafe in the event of a black swan or if macro or market conditions suddenly deteriorate. For this reason alone, we will be crossing it off our shopping list. Seacoast Banking isn't a terrible business, but it doesn't pass our bar. After the recent drawdown, the stock trades at 1× forward P/B (or $25.77 per share). At this valuation, there's a lot of good news priced in - we think other companies feature superior fundamentals at the moment. We'd suggest looking at a safe-and-steady industrials business benefiting from an upgrade cycle. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-05-2025
- Business
- Yahoo
Seacoast Banking Acquires Villages Bancorporation
Seacoast Banking Corporation of Florida (NASDAQ:SBCF) recently disclosed the acquisition of Villages Bancorporation, Inc. (VBI), the parent company of Citizens First Bank, for an estimated $710.8 million. A financial advisor leading a client meeting, explaining different investment options in detail. Through a proration mechanism, VBI stockholders will get a combination of $1,000 in cash and 38.5 Seacoast Banking Corporation of Florida (NASDAQ:SBCF) shares per share, guaranteeing 25% cash and 75% stock. The transaction is scheduled to wrap up in Q4 2025 and be 22% EPS accretive by 2026, with a tangible book value earnback in less than three years. VBI has $1.3 billion in loans, $3.5 billion in deposits, and $4.1 billion in assets throughout its 19 branches. It owns a deposit share of more than 50% in the Wildwood-The Villages MSA. The Villages, a high-growth Florida town of 150,000 people, offers a strategic expansion opportunity. Seacoast Banking Corporation of Florida (NASDAQ:SBCF) will have $21 billion in pro forma assets after the VBI and Heartland Bancshares transactions. While we acknowledge the potential of SBCF to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SBCF and that has 100x upside potential, check out our report about this READ NEXT: and . Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Daily Mail
27-04-2025
- General
- Daily Mail
Explorers escape with no injuries after being rescued 250ft underground in abandoned mine shaft
Two men were rescued without injury after becoming stuck in a 250ft abandoned mine shaft. The pair were rappelling down the site near Twentynine Palms, California, on April 19 when their equipment failed. A third member of the party, who stayed above ground, was able to summon rescue crews who used ARVs to navigate the rugged terrain. Shawn Millerick, a spokesman for the San Bernardino County Fire Department, said: 'This is an area that, you know, there's no way you're going to get a four-wheel drive vehicle up here. You need specialized equipment.' A rescuer was lowered into the mine using a dual-line rope system as night began to fall. 'We're just going to hoist them out one at a time, and then our rescuer will come up after,' Millerick said. Both men were secured and hoisted to the surface without suffering injuries just before 7pm. 'We had to dispatch everybody from all different points in the county,' Millerick added. Crews from Twentynine Palms and Yucca Valley, Fontana, Lake Arrowhead and Hesperia were called to aid the rescue, according to SBCF. Marine Corps Air Combat Center, Morongo Basin Ambulance, and the San Bernardino County Sheriff's Department also provided support. 'This incident demonstrates San Bernardino County Fire's readiness to respond to emergencies in even the most challenging environments,' SBCF said.
