Seacoast Bank - M&A Summary and Business Overview

Financial ServicesCompany

Seacoast Bank M&A Summary

Seacoast Bank has acquired 15 companies, including 7 in the last 5 years. A total of 2 acquisitions came from private equity firms.

Seacoast Bank’s largest acquisition to date was in 2022, when it acquired Professional Holding for $489M. Seacoast Bank has acquired in 2 different US states. The Company’s most targeted sectors include financial services (87%) and business services (7%).

Seacoast Bank Business Overview

Where is Seacoast Bank headquartered?

Seacoast Bank is headquartered in Stuart, Florida.

What is Seacoast Bank’s revenue?

Seacoast Bank disclosed revenue of 567M USD for 2023 and 432M USD for 2022.

How many employees does Seacoast Bank have?

Seacoast Bank has 1,445 employees.

What sector is Seacoast Bank in?

Seacoast Bank is a financial services company.

When was Seacoast Bank founded?

Seacoast Bank was founded in 1926.

M&A Summary

  • M&A Total Activity15
    • M&A Buy Activity15
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 3
  • M&A Advisors 6

Seacoast Bank

Seacoast Banking Corporation of Florida

815 Colorado Avenue,
Stuart, Florida 34994
United States,
(772) 287-4000
www.seacoastbank.com

Seacoast Bank is a provider of financial services including commercial and retail banking, wealth management, and mortgage services to customers through 34 traditional branches of its locally-branded wholly-owned subsidiary bank, Seacoast National Bank, and five Accelerate offices fueled by the power of Seacoast National Bank. Seacoast Bank was founded in 1926 and is based in Stuart, Florida.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.2/yr) # 9 - 3 3 - - 15
vol $111M $185M $657M $952M
Sell (0.0/yr) # - - - - - - 0
  15

Most Recent M&A

Company Date Value Type
Professional Holding Corp. 2022-08-08 489M USD Add-on Acquisition
Coral Gables, Florida · www.myprobank.com
Drummond Banking Co. 2022-05-04 - Add-on Acquisition
Chiefland, Florida · www.drummondbank.com
Apollo Bancshares, Inc. 2022-03-29 168M USD Add-on Acquisition
Miami, Florida · www.apollobank.com
Sabal Palm Bancorp, Inc. 2021-08-23 54M USD Add-on Acquisition
Sarasota, Florida · www.sabalpalmbank.com
Business Bank of Florida Corp. 2021-08-23 28M USD Add-on Acquisition
Melbourne, Florida · www.floridabusinessbank.com
Legacy Bank Of Florida 2021-03-23 102M USD Add-on Acquisition
Boca Raton, Florida · www.legacybankfl.com
First Bank of the Palm Beaches 2019-11-19 33M USD Add-on Acquisition
West Palm Beach, Florida · www.firstbankpb.bank
First Green Bancorp, Inc. 2018-06-11 - Add-on Acquisition
Mount Dora, Florida · www.firstgreenbank.com
NorthStar Banking Corp. 2017-05-18 - Add-on Acquisition
Tampa, Florida · www.northstar-bank.com
Palm Beach Community Bank 2017-05-04 - Add-on Acquisition
West Palm Beach, Florida · www.pbcblink.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 13 (87%) 952M (100%) - -
Business Services 1 (7%) - - -
Healthcare Services 1 (7%) - - -
Total 15 $952M - -

By Geo

State/Country Buy Value Sell Value
United States 15 952M - -
  Florida 14 952M - -
Total 15 $952M - -

Top M&A Advisors

Financial Deals
Piper Sandler & Co.
 6
Raymond James - Investment Banking
 2
Sandler O'Neill + Partners LP
 2
Legal Deals
Alston & Bird
 11
Cadwalader, Wickersham & Taft
 2

Deal Values

buy # Total
$100M to $1B 3 $759M
< $100M 5 $193M
TOTAL $952M
Largest Professional Holding Corp.
$489M (2022-08-08)

M&A Connections

Deals
Acquired from
Investor(s)
13%
2 (13%)
Strategic(s)
7%
1 (7%)

Company Summary

SECTOR

Financial Services

Revenue

567   32% 2023
432   25% 2022
347   8% 2021
324   8% 2020
300   15% 2019
262   12% 2018
235   33% 2017
178   2016
(millions of USD) Show More Show Less

Employees

1,445

Established

1926

Public

NASDAQ: SBCF

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