Every material Form 8-K Seacoast Banking Corporation of Florida filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Seacoast Banking Corporation of Florida reported third-quarter 2025 net income of $36.5 million, or $0.42 per diluted share, up 19% from a year earlier but down from $42.7 million, or $0.50 per share, in the second quarter. Results included $10.8 million in merger-related charges; adjusted net income was $45.2 million, or $0.52 per share. The company also completed its Villages Bancorporation acquisition on October 1, 2025, which the filing says adds about $4 billion in assets.
Net income was $36.5 million, or $0.42 per diluted share, versus $42.7 million, or $0.50, in Q2 2025 and $30.7 million, or $0.36, in Q3 2024.
Net income included $10.8 million in merger-related charges; adjusted net income was $45.2 million, or $0.52 per diluted share.
Net revenues were $157.3 million, up 4% from the prior quarter and 21% from the prior year quarter.
Villages Bancorporation closed October 1, 2025, adding 19 branches and about $4 billion in assets; Heartland Bancshares closed July 11, 2025.
Effective October 1, 2025, Seacoast Banking Corporation of Florida completed its merger with Villages Bancorporation, Inc., parent of Citizens First Bank, with a final consideration of approximately $829 million. The filing also creates Series A Non-Voting Preferred Stock for holders above a 9.75% ownership threshold and amends a Developer Support Agreement with The Villages limiting new bank branch space to Citizens First Bank or Seacoast National Bank, which shareholders may consider when assessing the deal's effect on share count and market presence.
Merger effective October 1, 2025; VBI merged into Seacoast and Citizens First Bank merged into Seacoast National Bank.
VBI shareholders could elect $1,000.00 in cash or 38.5000 Seacoast common shares, or a 25%-75% cash and stock combination, with final consideration of approximately $829 million.
Series A Non-Voting Preferred Stock authorized at 11,250 shares, issued in place of common shares for any holder receiving more than 9.75% of outstanding Seacoast common stock.
Citizens First Bank operated 19 branches with deposits of approximately $3.5 billion as of June 30, 2025, according to the press release.
Seacoast reported second-quarter 2025 net income of $42.7 million, or $0.50 per diluted share, up from $31.5 million, or $0.37, in the first quarter and $30.2 million, or $0.36, a year earlier. Net interest margin rose to 3.58% and net revenues grew 8% from the prior quarter, while the provision for credit losses fell to $4.4 million from $9.3 million. The company also completed its $111.2 million Heartland Bancshares acquisition on July 11, 2025, and expects the proposed Villages Bancorporation deal to close in the fourth quarter of 2025.
Net income was $42.7 million, or $0.50 per diluted share, versus $31.5 million, or $0.37, in Q1 2025 and $30.2 million, or $0.36, in Q2 2024.
Net interest margin increased 10 basis points to 3.58% from 3.48% in Q1 2025; net interest income totaled $126.9 million.
Total deposits decreased $77.2 million to $12.5 billion at June 30, 2025, while loans increased $165.8 million to $10.6 billion.
Heartland Bancshares acquisition closed July 11, 2025; the Villages Bancorporation acquisition is expected to close in Q4 2025.
Seacoast Banking Corporation of Florida completed its acquisition of Heartland Bancshares, Inc., parent of Heartland National Bank, effective July 11, 2025, and merged Heartland National Bank into Seacoast National Bank. The filing says the deal adds Heartland's leading deposit share in Highlands County, Florida, with deposits of approximately $665.9 million and net loans of approximately $156.6 million as of March 31, 2025.
Final consideration of approximately $111.2 million, paid as a 50-50 mix of cash and stock
Heartland had approximately $665.9 million in deposits and $156.6 million in total consolidated net loans as of March 31, 2025
Merger agreement dated February 27, 2025; Heartland National Bank merged into Seacoast National Bank, effective July 11, 2025
Chairman and CEO Charles M. Shaffer said the deal expands Seacoast's presence in Central Florida
Seacoast Banking Corporation of Florida and Seacoast National Bank signed a merger agreement on May 29, 2025 to acquire Villages Bancorporation and its subsidiary Citizens First Bank. Each VBI share can be exchanged for $1,000 in cash or 38.5 Seacoast common shares, with a 25% cash and 75% stock mix applied, and the company estimates the implied transaction value at $710.8 million. Closing is anticipated in the fourth quarter of 2025, subject to VBI shareholder and regulatory approvals, and the filing states there will be no changes to Seacoast's board or executive leadership.
Implied aggregate transaction value of $710.8 million; consideration is 25% cash and 75% stock
Each VBI share may be exchanged for $1,000 in cash or 38.5000 Seacoast common shares, subject to proration
Presentation shows approximately 81% Seacoast and 19% VBI ownership on a fully converted basis
VBI would pay a $31.4 million termination fee in certain circumstances; closing anticipated in Q4 2025
Seacoast Banking Corporation of Florida reported first-quarter 2025 net income of $31.5 million, or $0.37 per diluted share, up from $26.0 million a year earlier but down from $34.1 million in the fourth quarter of 2024. Net revenues rose 12% from a year earlier to $140.7 million, while adjusted net income fell from the prior quarter, and the company also disclosed a proposed acquisition of Heartland Bancshares expected to close in the third quarter of 2025.
Net income $31.5 million, or $0.37 per diluted share, versus $34.1 million, or $0.40, in Q4 2024 and $26.0 million, or $0.31, in Q1 2024
Adjusted net income $32.1 million, or $0.38 per diluted share, versus $40.6 million, or $0.48, in Q4 2024
Net revenues $140.7 million, up 6% from Q4 2024 and up 12% from Q1 2024; net interest margin rose nine basis points to 3.48%
Provision for credit losses $9.3 million versus $3.7 million in Q4 2024; proposed Heartland Bancshares acquisition expected to close in Q3 2025
On February 27, 2025, Seacoast Banking Corporation of Florida agreed to acquire Heartland Bancshares, Inc. through a merger, with Heartland National Bank merging into Seacoast National Bank. Heartland shareholders may receive $147.10 in cash, 4.9164 Seacoast shares, or a 50-50 mix per share, subject to a price collar and closing conditions, including Heartland shareholder approval and regulatory consents. The deal would issue new Seacoast common stock, so it matters to Seacoast shareholders as well as Heartland holders.
Merger agreement dated February 27, 2025, with Heartland Bancshares, Inc. and Heartland National Bank.
Heartland shareholders can elect $147.10 in cash or 4.9164 Seacoast shares per share, or a 50-50 mix; the stock portion is subject to a price collar based on a ten-day average closing price.
Seacoast may terminate if its ten-day VWAP is $23.94 or less and Heartland does not elect to fix the exchange ratio at 5.2237; Heartland would pay a $4.50 million termination fee in certain circumstances.
Seacoast Banking Corporation of Florida reported fourth-quarter and full-year 2024 results, with GAAP net income up from both the prior quarter and the prior year quarter. Full-year 2024 GAAP net income rose to $121.0 million from $104.0 million in 2023, while full-year adjusted net income was slightly lower than in 2023 and full-year net revenues declined 9%.
Q4 2024 net income was $34.1 million, or $0.40 per diluted share, compared with $30.7 million, or $0.36, in Q3 2024 and $29.5 million, or $0.35, in Q4 2023.
Full-year 2024 net income was $121.0 million, or $1.42 per diluted share, versus $104.0 million, or $1.23, in 2023. Full-year adjusted net income was $132.5 million, or $1.56 per share, versus $133.2 million, or $1.58.
Q4 2024 net revenues were $132.9 million, up 4% from the prior year quarter. Full-year net revenues were $515.4 million, down 9% from 2023.
Q4 2024 included an $8.0 million loss on repositioning part of the available-for-sale securities portfolio. Net interest margin rose to 3.39% from 3.17% in Q3 2024.
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