Seacoast Banking Corporation of Florida Announces Renewal of Share Repurchase Program
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Seacoast Banking Corporation of Florida has renewed its share repurchase program, allowing the company to buy back up to $100 million of its common stock by the end of 2025.
December 19, 2024 | 9:15 pm
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Seacoast Banking Corporation of Florida has renewed its share repurchase program, allowing the company to buy back up to $100 million of its common stock by the end of 2025.
The renewal of the share repurchase program indicates confidence from the company's board in its financial health and future prospects. This action is likely to positively impact the stock price as it reduces the number of shares outstanding, potentially increasing earnings per share and providing support to the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100