US bank Seacoast rises after $711 million deal to buy Villages Bancorporation

Seacoast Banking of Florida

30/05/2025 16:27

** 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

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))