Charles Cross - Seacoast Banking Executive VP and Commercial Banking Executive

SBCF Stock  USD 23.84  0.23  0.96%   

EVP

Mr. Charles K. Cross, Jr. is Executive Vice President Commercial Banking of the Company, since July 2013. He is responsible for management of the commercial banking team and commercial business development. From March 2012 to July 2013, he was Seacoasts Commercial Market Executive for Palm Beach County. Mr. Cross has over 30 years of banking experience and a thorough knowledge of the Palm Beach market. Prior to joining Seacoast, he was the market leader for EverBank in Palm Beach County. He also held various positions within Bank of Florida including CEO of Bank of Florida, Palm Beach County, and with J.P. Morgan Trust, Wachovia Bank, NationsBank and Barnett Bank since 2013.
Age 66
Tenure 11 years
Address 815 Colorado Avenue, Stuart, FL, United States, 34994
Phone772 287 4000
Webhttps://www.seacoastbanking.com
Cross received his BS and Bachelor of Arts from University of Florida. Cross is currently a member of the executive committee of the Economic Council of Palm Beach County and has served on the boards of Florida Atlantic University College of Business Dean’s Council, Boca Raton Chamber of Commerce, West Palm Beach Chamber of Commerce, Business Development Board of Palm Beach County and Black Business Investment Corporationrationrationration, among other community and civic organizations.

Seacoast Banking Management Efficiency

The Seacoast Banking's current Return On Equity is estimated to increase to 0.05, while Return On Tangible Assets are projected to decrease to 0.01. At this time, Seacoast Banking's Non Currrent Assets Other are most likely to increase significantly in the upcoming years. The Seacoast Banking's current Other Assets is estimated to increase to about 11.2 B, while Other Current Assets are projected to decrease to roughly 437.6 M. Seacoast Banking's management efficiency ratios could be used to measure how well Seacoast Banking manages its routine affairs as well as how well it operates its assets and liabilities.
The company currently holds 530.88 M in liabilities with Debt to Equity (D/E) ratio of 9.0, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Debt can assist Seacoast Banking until it has trouble settling it off, either with new capital or with free cash flow. So, Seacoast Banking's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Seacoast Banking sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Seacoast to invest in growth at high rates of return. When we think about Seacoast Banking's use of debt, we should always consider it together with cash and equity.
Seacoast Banking Corporation of Florida operates as the bank holding company for Seacoast National Bank that provides financial services to retail and commercial customers in Florida. The company was founded in 1926 and is headquartered in Stuart, Florida. Seacoast Banking operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 1095 people. Seacoast Banking (SBCF) is traded on NASDAQ Exchange in USA. It is located in 815 Colorado Avenue, Stuart, FL, United States, 34994 and employs 1,445 people. Seacoast Banking is listed under Regional Banks category by Fama And French industry classification.

Management Performance

Seacoast Banking Leadership Team

Elected by the shareholders, the Seacoast Banking's board of directors comprises two types of representatives: Seacoast Banking inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Seacoast. The board's role is to monitor Seacoast Banking's management team and ensure that shareholders' interests are well served. Seacoast Banking's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Seacoast Banking's outside directors are responsible for providing unbiased perspectives on the board's policies.
Amanda Martland, Executive Officer
Austen Carroll, Executive Officer
Jeffrey Bray, Ex Ops
Michael Sonego, Executive Executive
Joseph Forlenza, Executive Officer
Charles Cross, Executive VP and Commercial Banking Executive
Daniel Chappell, Chief VP
Juliette Kleffel, Executive Vice President and Community Banking Executive
Robert Hursh, Market County
Jeffery Lee, Executive CTO
Jennifer Reissman, Ex Officer
Michael Young, Treasurer VP
Tracey Dexter, Executive CFO
Charles Shaffer, CFO, Head - Strategy
Chris Rolle, President Region
James Norton, Executive Executive

Seacoast Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Seacoast Banking a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Currently Active Assets on Macroaxis

When determining whether Seacoast Banking is a strong investment it is important to analyze Seacoast Banking's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Seacoast Banking's future performance. For an informed investment choice regarding Seacoast Stock, refer to the following important reports:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Seacoast Banking. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
For more detail on how to invest in Seacoast Stock please use our How to Invest in Seacoast Banking guide.
Note that the Seacoast Banking information on this page should be used as a complementary analysis to other Seacoast Banking's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

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Is Seacoast Banking's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Seacoast Banking. If investors know Seacoast will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Seacoast Banking listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
1.076
Dividend Share
0.72
Earnings Share
1.39
Revenue Per Share
6.236
Quarterly Revenue Growth
0.018
The market value of Seacoast Banking is measured differently than its book value, which is the value of Seacoast that is recorded on the company's balance sheet. Investors also form their own opinion of Seacoast Banking's value that differs from its market value or its book value, called intrinsic value, which is Seacoast Banking's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Seacoast Banking's market value can be influenced by many factors that don't directly affect Seacoast Banking's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Seacoast Banking's value and its price as these two are different measures arrived at by different means. Investors typically determine if Seacoast Banking is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Seacoast Banking's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.