Seacoast Banking Corporation of Florida

NasdaqGS:SBCF Stock Report

Market Cap: US$2.1b

Seacoast Banking Corporation of Florida Management

Management criteria checks 4/4

Seacoast Banking of Florida's CEO is Chuck Shaffer, appointed in Jun 2020, has a tenure of 3.75 years. total yearly compensation is $2.82M, comprised of 24.4% salary and 75.6% bonuses, including company stock and options. directly owns 0.19% of the company’s shares, worth $3.91M. The average tenure of the management team and the board of directors is 3.2 years and 10.1 years respectively.

Key information

Chuck Shaffer

Chief executive officer

US$2.8m

Total compensation

CEO salary percentage24.4%
CEO tenure3.8yrs
CEO ownership0.2%
Management average tenure3.2yrs
Board average tenure10.1yrs

Recent management updates

Recent updates

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Has Announced A Dividend Of $0.18

Mar 01
Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Has Announced A Dividend Of $0.18

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Is Paying Out A Dividend Of $0.18

Jan 22
Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Is Paying Out A Dividend Of $0.18

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Has Affirmed Its Dividend Of $0.18

Nov 21
Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Has Affirmed Its Dividend Of $0.18

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Has Affirmed Its Dividend Of $0.18

Sep 04
Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Has Affirmed Its Dividend Of $0.18

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Will Pay A Dividend Of $0.18

Aug 21
Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Will Pay A Dividend Of $0.18

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Is Due To Pay A Dividend Of $0.18

Jul 25
Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Is Due To Pay A Dividend Of $0.18

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Is Paying Out A Dividend Of $0.18

Jun 02
Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Is Paying Out A Dividend Of $0.18

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Will Pay A Dividend Of $0.18

May 19
Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Will Pay A Dividend Of $0.18

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Will Pay A Dividend Of $0.18

Apr 25
Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Will Pay A Dividend Of $0.18

Seacoast Banking Corporation of Florida declares $0.17 dividend

Oct 18

SeaCoast to acquire Florida's Professional Bank in accretive earnings deal

Aug 08

Seacoast Banking Corporation of Florida's (NASDAQ:SBCF) Upcoming Dividend Will Be Larger Than Last Year's

May 21
Seacoast Banking Corporation of Florida's (NASDAQ:SBCF) Upcoming Dividend Will Be Larger Than Last Year's

Seacoast Banking Corporation of Florida's (NASDAQ:SBCF) Dividend Will Be Increased To US$0.17

May 07
Seacoast Banking Corporation of Florida's (NASDAQ:SBCF) Dividend Will Be Increased To US$0.17

Seacoast Banking Corporation of Florida's (NASDAQ:SBCF) Upcoming Dividend Will Be Larger Than Last Year's

Apr 23
Seacoast Banking Corporation of Florida's (NASDAQ:SBCF) Upcoming Dividend Will Be Larger Than Last Year's

Here's Why I Think Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Is An Interesting Stock

Apr 04
Here's Why I Think Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Is An Interesting Stock

CEO Compensation Analysis

How has Chuck Shaffer's remuneration changed compared to Seacoast Banking Corporation of Florida's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2023n/an/a

US$104m

Sep 30 2023n/an/a

US$98m

Jun 30 2023n/an/a

US$96m

Mar 31 2023n/an/a

US$98m

Dec 31 2022US$3mUS$690k

US$107m

Sep 30 2022n/an/a

US$119m

Jun 30 2022n/an/a

US$113m

Mar 31 2022n/an/a

US$111m

Dec 31 2021US$3mUS$600k

US$124m

Sep 30 2021n/an/a

US$117m

Jun 30 2021n/an/a

US$117m

Mar 31 2021n/an/a

US$111m

Dec 31 2020US$1mUS$475k

US$78m

Sep 30 2020n/an/a

US$76m

Jun 30 2020n/an/a

US$79m

Mar 31 2020n/an/a

US$77m

Dec 31 2019US$1mUS$422k

US$99m

Sep 30 2019n/an/a

US$88m

Jun 30 2019n/an/a

US$78m

Mar 31 2019n/an/a

US$72m

Dec 31 2018US$934kUS$331k

US$67m

Sep 30 2018n/an/a

US$64m

Jun 30 2018n/an/a

US$62m

Mar 31 2018n/an/a

US$53m

Dec 31 2017US$921kUS$315k

US$43m

Compensation vs Market: Chuck's total compensation ($USD2.82M) is below average for companies of similar size in the US market ($USD5.09M).

Compensation vs Earnings: Chuck's compensation has been consistent with company performance over the past year.


CEO

Chuck Shaffer (49 yo)

3.8yrs

Tenure

US$2,824,576

Compensation

Mr. Charles M. Shaffer, also known as Chuck, has been Chief Executive Officer and Director at Seacoast Banking Corporation of Florida and Seacoast National Bank since January 1, 2021, and has been its Pres...


Leadership Team

NamePositionTenureCompensationOwnership
Charles Shaffer
Chairman3.8yrsUS$2.82m0.19%
$ 3.9m
Tracey Dexter
Executive VP & CFO3.8yrsUS$1.29m0.025%
$ 520.1k
Juliette Kleffel
Executive VP & COOless than a yearUS$1.21m0.060%
$ 1.3m
Joseph Forlenza
Executive VP & Chief Risk Officer7.2yrsUS$898.34k0.031%
$ 654.6k
Austen Carroll
Executive VP & Chief Lending Officerno dataUS$1.40m0.024%
$ 496.5k
Jeffery Lee
Executive VP & CTO1.7yrsno datano data
Michael Young
Executive VPno datano datano data
Amanda Martland
Executive VP & Chief Marketing Officer1.2yrsno datano data
Daniel Chappell
Chief HR Officer & Executive VP7.6yrsno datano data
Michael Sonego
Executive VP7.5yrsno datano data
James Norton
Executive VP & Commercial Real Estate Executive2.7yrsno datano data
Robert Hursh
Market President for Pinellas County2.7yrsno datano data

3.2yrs

Average Tenure

49yo

Average Age

Experienced Management: SBCF's management team is considered experienced (3.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Charles Shaffer
Chairman3.2yrsUS$2.82m0.19%
$ 3.9m
Christopher Fogal
Lead Independent Director27.2yrsUS$142.51k0.027%
$ 570.8k
Dennis Hudson
Director40.2yrsUS$126.26k0.40%
$ 8.4m
Thomas Rossin
Independent Director21.2yrsUS$132.51k0.000090%
$ 1.9k
Hugh Culbreth
Independent Director15.3yrsUS$107.51k0.068%
$ 1.4m
Maryann Goebel
Independent Director10.1yrsUS$132.51k0.0071%
$ 149.4k
Jacqueline Bradley
Independent Director8.8yrsUS$132.51k0.0083%
$ 174.3k
Dennis Arczynski
Independent Director10.5yrsUS$138.76k0.025%
$ 525.8k
Alvaro Monserrat
Independent Director7.2yrsUS$107.51k0.0036%
$ 74.8k
Joseph Shearouse
Directorless than a yearno data0.045%
$ 932.4k
Robert Lipstein
Independent Director4.8yrsUS$132.51k0.030%
$ 626.7k

10.1yrs

Average Tenure

68yo

Average Age

Experienced Board: SBCF's board of directors are seasoned and experienced ( 10.1 years average tenure).


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