secwatch.observer — SEC 8-K summary
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Issuer:     SEACOAST BANKING CORP OF FLORIDA (SBCF)
CIK:        0000730708
Form:       8-K
Filed at:   2025-02-28T23:59:59+00:00
Accession:  0000730708-25-000049
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Seacoast to acquire Heartland Bancshares for ~$110M, expects 7% EPS accretion in 2026
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- Total merger consideration ~$110M; per Heartland share: $147.10 cash or 4.9164 SBCF shares (value ~$141.96).
- Heartland has $641M deposits, $161M loans as of Dec 31, 2024; operates four branches in Sebring, FL.
- Transaction expected to close Q3 2025, subject to regulatory and Heartland shareholder approvals.
- Accretive to Seacoast EPS ~7% in 2026; modest TBV dilution earned back in ~2.25 years.
- Seacoast CEO Charles Shaffer cites strategic fit and growth in Central Florida.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/730708/000073070825000049/0000730708-25-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/730708/000073070825000049/sbcf-20250227.htm
  HTML page:      https://secwatch.observer/filing/0000730708-25-000049

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer