US bank Seacoast rises after $711 million deal to buy Villages Bancorporation
ReutersMay 30, 2025 3:27 PM
Shares of regional lender Seacoast Banking Corporation of Florida SBCF.O rise 3.3% to $25.88
SBCF will buy Florida-based smaller rival Villages Bancorporation in a $710.8 million deal
Founded in 1992, Villages Bancorporation operates 19 branches with $4.1 billion in assets
Deal expands SBCF's presence in the "The Villages" - a planned community in Central Florida
The transaction, which is expected to close in Q4 2025, anticipated to boost SBCF's earnings per share by 22% in 2026
2 of 6 brokerages rate the stock "buy" and 4 "hold"; median PT $27.50 - data compiled by LSEG
As of last close, SBCF down 9% YTD
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