STUART, Fla., November 25, 2020 – Seacoast Banking Corporation of Florida (“Seacoast”) (NASDAQ: SBCF) has been named to Fortune Magazine’s 100 Fastest-Growing Companies for the third consecutive year. Seacoast Bank is one of only four companies in Florida, and the only financial institution headquartered in the state, to earn a spot on the prestigious list.
Fortune recognizes the 100 Fastest-Growing Companies among domestic or foreign companies that trade on a major U.S. stock exchange and have a minimum market capitalization of $250 million and a stock price of at least $5, among other requirements. Companies are ranked each year by revenue growth rate, EPS (earnings per share) growth rate, and three-year annualized total return. The overall rank is based on the sum of these three rankings.
“It’s an honor to be named to Fortune’s 100 Fastest-Growing Companies list for the third consecutive year,” said Dennis “Denny” S. Hudson III, Chairman and CEO of Seacoast Banking Corporation of Florida. “We’re proud of this accomplishment, but we are even more proud to continue providing outstanding service to our customers across the state.”
“This distinction is a direct reflection of the remarkable job our team has done serving customers, implementing technological improvements, and executing our balanced growth strategy,” added Charles “Chuck” Shaffer, President and COO of Seacoast Banking Corporation of Florida.
“Fortune selects companies by measuring growth and performance. Fostering a culture that enables our associates to grow and thrive allows Seacoast Bank to grow the services and support we provide to every customer.”