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 4.5 years. total yearly compensation is $3.09M, comprised of 28.7% salary and 71.3% bonuses, including company stock and options. directly owns 0.22% of the company’s shares, worth $5.06M. The average tenure of the management team and the board of directors is 4 years and 10.2 years respectively.
Key information
Chuck Shaffer
Chief executive officer
US$3.1m
Total compensation
| CEO salary percentage | 28.7% |
| CEO tenure | 4.5yrs |
| CEO ownership | 0.2% |
| Management average tenure | 4yrs |
| Board average tenure | 10.2yrs |
Recent management updates
Recent updates
Seacoast Banking Corporation of Florida's (NASDAQ:SBCF) Dividend Will Be $0.18
Oct 21
Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Is Due To Pay A Dividend Of $0.18
Aug 22Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Will Pay A Dividend Of $0.18
Jul 30Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Has Affirmed Its Dividend Of $0.18
May 24Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Has Affirmed Its Dividend Of $0.18
May 01Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Has Announced A Dividend Of $0.18
Mar 01Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Is Paying Out A Dividend Of $0.18
Jan 22Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Has Affirmed Its Dividend Of $0.18
Nov 21Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Has Affirmed Its Dividend Of $0.18
Sep 04Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Will Pay A Dividend Of $0.18
Aug 21Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Is Due To Pay A Dividend Of $0.18
Jul 25Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Is Paying Out A Dividend Of $0.18
Jun 02Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Will Pay A Dividend Of $0.18
May 19Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Will Pay A Dividend Of $0.18
Apr 25CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$116m |
| Jun 30 2024 | n/a | n/a | US$117m |
| Mar 31 2024 | n/a | n/a | US$118m |
| Dec 31 2023 | US$3m | US$887k | US$104m |
| Sep 30 2023 | n/a | n/a | US$98m |
| Jun 30 2023 | n/a | n/a | US$96m |
| Mar 31 2023 | n/a | n/a | US$98m |
| Dec 31 2022 | US$3m | US$690k | US$107m |
| Sep 30 2022 | n/a | n/a | US$119m |
| Jun 30 2022 | n/a | n/a | US$113m |
| Mar 31 2022 | n/a | n/a | US$111m |
| Dec 31 2021 | US$3m | US$600k | US$124m |
| Sep 30 2021 | n/a | n/a | US$117m |
| Jun 30 2021 | n/a | n/a | US$117m |
| Mar 31 2021 | n/a | n/a | US$111m |
| Dec 31 2020 | US$1m | US$475k | US$78m |
| Sep 30 2020 | n/a | n/a | US$76m |
| Jun 30 2020 | n/a | n/a | US$79m |
| Mar 31 2020 | n/a | n/a | US$77m |
| Dec 31 2019 | US$1m | US$422k | US$99m |
| Sep 30 2019 | n/a | n/a | US$88m |
| Jun 30 2019 | n/a | n/a | US$78m |
| Mar 31 2019 | n/a | n/a | US$72m |
| Dec 31 2018 | US$934k | US$331k | US$67m |
| Sep 30 2018 | n/a | n/a | US$64m |
| Jun 30 2018 | n/a | n/a | US$62m |
| Mar 31 2018 | n/a | n/a | US$53m |
| Dec 31 2017 | US$921k | US$315k | US$43m |
Compensation vs Market: Chuck's total compensation ($USD3.09M) is below average for companies of similar size in the US market ($USD5.51M).
Compensation vs Earnings: Chuck's compensation has been consistent with company performance over the past year.
CEO
Chuck Shaffer (50 yo)
4.5yrs
Tenure
US$3,091,772
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 4.5yrs | US$3.09m | 0.22% $ 5.1m | |
| Executive VP & CFO | 4.5yrs | US$1.21m | 0.044% $ 1.0m | |
| Executive VP & COO | less than a year | US$1.32m | 0.081% $ 1.9m | |
| Executive VP & Chief Risk Officer | 7.9yrs | US$1.11m | 0.047% $ 1.1m | |
| Executive VP & Chief Lending Officer | no data | US$1.31m | 0.045% $ 1.1m | |
| Executive VP & CTO | 2.4yrs | no data | no data | |
| Executive VP | no data | no data | no data | |
| Executive VP & Chief Marketing Officer | 1.9yrs | no data | no data | |
| Chief HR Officer & Executive VP | 8.3yrs | no data | no data | |
| Executive VP | 8.3yrs | no data | no data | |
| Executive VP & Commercial Real Estate Executive | 3.4yrs | no data | no data | |
| Market President for Pinellas County | 3.4yrs | no data | no data |
4.0yrs
Average Tenure
50yo
Average Age
Experienced Management: SBCF's management team is considered experienced (4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 3.9yrs | US$3.09m | 0.22% $ 5.1m | |
| Lead Independent Director | 27.9yrs | US$142.49k | 0.027% $ 636.6k | |
| Director | 40.9yrs | US$132.49k | 0.35% $ 8.2m | |
| Independent Director | 21.9yrs | US$132.49k | 0.000090% $ 2.1k | |
| Independent Director | 16yrs | US$107.49k | 0.068% $ 1.6m | |
| Director | less than a year | no data | 0.034% $ 807.7k | |
| Independent Director | 10.8yrs | US$137.49k | 0.0071% $ 166.7k | |
| Independent Director | 9.6yrs | US$132.49k | 0.0083% $ 194.5k | |
| Independent Director | 11.3yrs | US$132.49k | 0.029% $ 672.3k | |
| Independent Director | 7.9yrs | US$117.91k | 0.0035% $ 83.2k | |
| Director | 1.4yrs | US$84.99k | 0.047% $ 1.1m | |
| Independent Director | 5.6yrs | US$132.49k | 0.033% $ 784.9k |
10.2yrs
Average Tenure
68.5yo
Average Age
Experienced Board: SBCF's board of directors are seasoned and experienced ( 10.2 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 10:29 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Seacoast Banking Corporation of Florida is covered by 14 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Stephen Moss | B. Riley Securities, Inc. |
| Robert Ramsey | FBR Capital Markets & Co. |
| Jeffrey Cantwell | Guggenheim Securities, LLC |