SBCF

Interested in Seacoast Banking Corporation of Florida? Here are five stocks we like better. Strong earnings and profitability: Second-quarter adjusted earnings reached $65.8 million, or $0.61 per diluted share, while adjusted pre-tax, pre-provision earnings rose 52% year over year to $95.5 million. Adjusted return on tangible equity improved to 15.8% from 13.3% a year earlier. Loan growth remains robust: Loans increased $504 million, or 16% annualized, to $13.1 billion, supported by a record approximately $1.3 billion commercial pipeline. Management maintained its full-year high-single-digit loan-growth target while emphasizing disciplined underwriting amid intense competition. Integration completed with stable credit: Seacoast completed the Citizens First Bank systems conversion in The Villages and expects to shift attention toward organic growth and cross-selling. Credit metrics remained stable, capital strengthened, and management reiterated its 2026 guidance. Seacoast Banking Corporation of Florida (NASDAQ:SBCF) reported second-quarter net income of $59.5 million, or $0.55 per diluted share, while adjusted earnings totaled $65.8 million, or $0.61 per diluted share. Adjusted pre-tax, pre-provision earnings rose 52% from a year earlier to $95.5 million. Chairman and Chief Executive Officer Chuck Shaffer said the quarter reflected broad-based loan production, lower funding costs and continued operating leverage. Adjusted return on assets was 1.25%, while adjusted return on tangible equity increased to 15.8% from 13.3% a year earlier. → This Tiny AI Supplier Could Be More Important Than the Chipmakers Loans ended the quarter at $13.1 billion after increasing $504 million, or 16% on an annualized basis, during the second quarter. Year-to-date loan growth was 8% annualized, keeping the company on pace for its full-year high-single-digit growth target, according to Chief Financial Officer Tracey Dexter. Seacoast’s commercial loan pipeline reached a record approximately $1.3 billion as of June 30. Shaffer said the bank has continued to recruit bankers from larger, primarily super-regional institutions, creating opportunities to serve larger and more complex clients. → Refiner Stocks Are Near Record Highs—Can Iran-Driven Margins Keep Them There? However, he said the company remains disciplined regarding loan hold limits and concentration limits. While Seacoast has capacity to book some larger credits without materially changing the overall average loan size, it will use its syndications desk for credits exceeding its hold limits, Shaffer said. Shaffer said about 30% of the quarter’s annualized loan growth came from residential mortgages, primarily in The Villages market. He said Seacoast expects to sell somewhat more of that mortgage production over time, while continuing to service those loans. Michael Young, chief strategy officer, said commercial loan add-on rates were in the low 6% range during the quarter, while residential loan yields were in the mid-6% range. → Innovative ETF Strategies That Are Paying Off This Summer Total deposits increased $154 million, or 3.7% annualized, during the quarter. Non-interest-bearing demand deposits increased at a 4% annualized rate to $4.2 billion, while the cost of deposits declined one basis point from the prior quarter to 1.53%. Dexter said Seacoast used brokered deposits strategically to support loan growth and offset what would otherwise have been a seasonal low point for deposits. Young said the bank has reduced certificate-of-deposit costs as interest rates declined, though he expects deposit costs to increase modestly over time as the company grows. Net interest income increased 2% from the first quarter to $182.2 million. Net interest margin was unchanged at 3.83%, while core net interest margin, excluding accretion on acquired loans, expanded eight basis points to 3.65%. Non-interest income totaled $27.8 million. The first quarter had included a $39.5 million loss associated with the strategic repositioning of the securities portfolio. Excluding securities activity, adjusted non-interest income increased 3% sequentially and 14% from a year earlier. Wealth-management revenue rose 3% from the first quarter and 42% year over year. Assets under management increased 45% from a year earlier, and the business added $388 million in new assets under management during the first half of 2026, Dexter said. Second-quarter non-interest expense was $123.1 million, including $8.4 million of merger and integration costs. Excluding those charges, non-interest expense was $114.8 million, modestly higher than the preceding quarter. The GAAP efficiency ratio improved to 58.5%, and the adjusted efficiency ratio was 54.5%. Dexter said the third quarter will include the final expected costs associated with the Citizens First Bank acquisition and the integration of The Villages operations. Credit metrics remained stable, according to management. Nonperforming loans and accruing past-due loans declined from the prior quarter, while net charge-offs were 10 basis points of average loans. The allowance for credit losses was 1.38% of total loans. Shaffer acknowledged that lending conditions have become “hyper-competitive,” with national banks returning to commercial real estate lending and competitors offering lower-equity structures. He said Seacoast would not pursue transactions that compromise its underwriting standards, particularly its expectations for borrower equity. Seacoast’s tangible equity-to-tangible-assets ratio increased to 9.3%, and tangible book value per share grew at an 8% annualized rate during the quarter. The company repurchased more than 750,000 shares in the second quarter, representing about 1% of shares outstanding on a year-to-date basis. Earlier in July, Seacoast completed the conversion of Citizens First Bank clients in The Villages to Seacoast systems and platforms. Shaffer described the effort as one of the company’s largest and most complex integrations and said it was executed successfully. He said employees would continue assisting customers for another six to eight weeks as the transition concludes, after which the company plans to direct greater attention toward organic growth, cross-selling consumer and wealth-management products, expanding its branch network in The Villages and developing commercial banking in the surrounding market. Management reiterated its 2026 guidance and said Seacoast enters the second half with strong capital, liquidity and balance-sheet flexibility. Shaffer said the completion of the conversion would allow the company to focus more fully on growth and operational execution through the remainder of the year. Seacoast Banking Corporation of Florida operates as a bank holding company through its principal subsidiary, Seacoast National Bank. Headquartered in Stuart, Florida, Seacoast National Bank provides a full range of commercial and retail banking services across the coastal region of Florida. Its network of branches serves customers from Martin County through Miami-Dade County, offering deposit accounts, lending solutions, cash management and payment services to individuals, small businesses and middle-market companies. In addition to traditional banking, Seacoast offers specialized mortgage lending and wealth management services. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Seacoast Banking Corporation of Florida Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

Find your next quality investment with Simply Wall St's easy and powerful screener, trusted by over 7 million individual investors worldwide. Seacoast Banking Corporation of Florida (SBCF) is back on investors’ radar after its latest earnings release, which combined higher net interest income, a completed customer integration and revenue that came in below analyst expectations. The bank reported Q2 2026 net interest income of US$180.4 million compared with US$126.86 million a year earlier, and net income of US$59.54 million versus US$42.69 million. Earnings per share from continuing operations were US$0.55 on both a basic and diluted basis, compared with US$0.50 a year ago. For the first six months of 2026, Seacoast Banking Corporation of Florida reported net interest income of US$356.87 million versus US$245.38 million a year earlier. Net income for the period was US$91.43 million compared with US$74.15 million, with basic earnings per share from continuing operations of US$0.85 versus US$0.87 and diluted earnings per share of US$0.84 versus US$0.87. See our latest analysis for Seacoast Banking Corporation of Florida. The Q2 report, together with the recent buyback completion and dividend declarations, has kept Seacoast Banking Corporation of Florida in focus, with the share price at US$33.65 and a year to date share price return of 6.45%. Over longer periods, total shareholder return of 19.80% over one year and 50.21% over three years point to momentum that has rewarded investors who stayed in the stock through recent cycles. If this earnings update has you reassessing your watchlist, it can also be useful to broaden your search beyond regional banks and see which other companies are attracting attention through the 18 top founder-led companies After this run in Seacoast Banking Corporation of Florida’s share price and the latest mix of stronger profit figures alongside a revenue miss, the real question now is whether the balance of risk and reward still leans toward buyers. The most followed narrative currently places Seacoast Banking Corporation of Florida’s fair value at $34.83, slightly above the last close at $33.65. This suggests a modest valuation gap for investors to weigh. Read the complete narrative. Want to understand why the current fair value sits only slightly above today’s price? The core of this narrative is a sharp earnings ramp paired with a different profit multiple than the stock trades on now. Curious which revenue and margin assumptions have to hold together for that gap to make sense? The full narrative lays out the exact path behind that $34.83 figure. Result: Fair Value of $34.83 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, this Seacoast Banking Corporation of Florida narrative still leans on assumptions around Florida commercial real estate exposure and successful acquisition integration that may not play out. Find out about the key risks to this Seacoast Banking Corporation of Florida narrative. The narrative fair value for Seacoast Banking Corporation of Florida sits only slightly above the current share price, yet the P/E ratio of 23.4x is almost double the 11.9x average for US banks and above a fair ratio estimate of 21.1x. That points to richer pricing on earnings. Is this where valuation risk starts to matter for you? To see how those earnings based signals compare with detailed ratio work, it is worth looking at a full breakdown of the numbers through the See what the numbers say about this price — find out in our valuation breakdown. With Seacoast Banking Corporation of Florida showing both promising metrics and some flagged concerns, it makes sense to review the numbers yourself and move quickly to form an informed view. To weigh both sides of the story in one place, start with the 3 key rewards and 1 important warning sign. If Seacoast Banking Corporation of Florida has sharpened your focus, you can use this momentum to scan a wider field of stocks and refresh your watchlist with new ideas. To explore potential income-focused opportunities, you can review higher yielding companies through the 8 dividend fortresses. To look for potential value opportunities, you can run a search using the screener containing 20 high quality undiscovered gems. To focus on capital preservation and stability, you can review companies highlighted in the 83 resilient stocks with low risk scores. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SBCF. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Achieved 16% annualized organic loan growth, driven by broad-based commercial production and a record $1.3 billion pipeline. Successfully completed the system conversion for Citizens First Bank in The Villages, marking the end of a transformative M&A cycle and enabling a pivot to pure organic execution. Maintained a disciplined funding strategy that reduced deposit costs to 1.53%, leveraging a relationship-based franchise to grow noninterest-bearing demand deposits by 4% annualized. Expanded core net interest margin by 8 basis points to 3.65%, benefiting from higher core yields and proactive securities portfolio repositioning executed in the prior quarter. Attributed strong loan demand to a statewide Florida brand and significant investments in treasury management and banking talent recruited from super-regional institutions. Reported stable credit quality with low net charge-offs of 10 basis points, supported by a conservative underwriting approach that prioritizes equity requirements over aggressive pricing. Reiterated full-year 2026 guidance for high-single-digit loan growth, supported by a robust commercial pipeline and Florida's strong economic backdrop. Expects to transition more residential mortgage production to saleable categories to bolster fee income while maintaining servicing relationships. Anticipates a shift in resource allocation as 300 associates transition from integration tasks back to growth-focused retail and commercial activities. Management plans to utilize its low loan-to-deposit ratio as a strategic lever to manage margins and growth flexibly without the liquidity constraints facing peers. Projecting the finalization of merger-related expenses in the third quarter as back-office system integrations for The Villages conclude. Incurred $8.4 million in merger and integration costs during the quarter, with a final tranche of expenses expected in Q3 2026. Executed share repurchases of 750,000 shares, representing 1% of outstanding shares year-to-date, signaling confidence in the bank's capital position. Noted increasing competitive pressure in the Florida market, with national banks returning to commercial real estate and some competitors loosening underwriting structures. Wealth management assets under management grew 45% year-over-year, emerging as a primary driver of noninterest income growth. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management clarified that while they are banking larger, more complex clients due to new talent hires, they remain strictly committed to hold limits and granularity. Larger credits are being used to drive operating leverage and treasury management balances, with a syndication desk utilized for amounts exceeding internal limits. The 16% growth rate was bolstered by residential mortgages from The Villages and talent onboarding; management expects to normalize toward their high-single-digit full-year target. Growth is supported by Florida's status as a top-tier growth market and Seacoast's ability to compete with super-regionals on sophistication while maintaining local headquarters. Management observed competitors allowing lower equity in deals, a trend Seacoast refuses to follow, even if it requires pricing concessions to maintain structural discipline. New commercial loan add-on rates were in the low 6% range, reflecting some spread pressure as national banks re-enter the market.

This article first appeared on GuruFocus. Release Date: July 29, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Seacoast Banking Corp of Florida (NASDAQ:SBCF) reported strong financial performance with net income of $59.5 million, marking an 87% increase from the prior quarter. The company achieved a 16% annualized organic loan growth, supported by a robust commercial pipeline of approximately $1.3 billion. Seacoast Banking Corp of Florida (NASDAQ:SBCF) successfully completed a significant integration with Citizens First Bank, enhancing its operational capabilities. The company maintained strong credit quality with low levels of charge-offs and a decline in non-performing loans. Seacoast Banking Corp of Florida (NASDAQ:SBCF) demonstrated confidence in its financial outlook by repurchasing 750,000 shares during the quarter. The company faced increased provision expenses due to strong loan growth, which could impact future profitability. There is heightened competition in the market, particularly in commercial real estate and middle-market companies, which may pressure loan yields. Seacoast Banking Corp of Florida (NASDAQ:SBCF) noted that competitors are allowing clients to put less equity in deals, which could lead to riskier lending practices. The company experienced a $39.5 million loss from the strategic repositioning of its securities portfolio in the first quarter of 2026. Despite strong growth, the company acknowledged the need to manage concentration ratios and maintain underwriting discipline amidst competitive pressures. Warning! GuruFocus has detected 9 Warning Signs with SBCF. Is SBCF fairly valued? Test your thesis with our free DCF calculator. Q: As Seacoast Banking Corp grows and hires commercial lenders from larger institutions, will the profile of your commercial loan growth shift towards larger loans or an expanded credit box? A: Chuck Schaeffer, Chairman and CEO, explained that while they are recruiting bankers from larger institutions, they remain disciplined in managing hold limits and concentration limits. The bank has room to book larger credits without significantly altering the average loan size due to its granular portfolio. They continue to focus on maintaining underwriting discipline while banking larger, more complex clients. Q: Given the strong organic results and commercial pipeline, is there potential upside to your full-year growth guidance or expectations for 2027? A: Chuck Schaeffer noted that while the first quarter was flat due to large payoffs, the second quarter's strong performance aligns with their expectations. The growth was driven by residential mortgages, talent onboarding, and strong loan demand in Florida. They expect to continue seeing strong demand and opportunities for growth across all markets. Q: What are the next steps following the successful integration of Citizens First Bank in the Villages, and what opportunities do you see there? A: Chuck Schaeffer highlighted that the Villages deal is transformative, offering significant growth opportunities in a rapidly expanding market. They plan to focus on cross-selling consumer products, expanding wealth management, and building their commercial banking platform in the area. The integration allows them to focus more on organic growth moving forward. Q: How do you plan to drive core deposit growth while managing deposit costs amid increased competition? A: Michael Young, Chief Strategy Officer, explained that they have strategically managed CD costs and are adding deposits at competitive rates. The bank's low loan-to-deposit ratio provides flexibility to manage growth and profitability without aggressive pricing. They expect to continue growing profitably with a focus on onboarding operating companies and leveraging their retail teams post-conversion. Q: Are you seeing competitive pressure on loan yields and underwriting standards? A: Michael Young noted that while there is pressure on loan yields due to competition, particularly from super regional banks, Seacoast remains disciplined in underwriting, especially regarding leverage and equity requirements. They are willing to trade off some pricing to maintain conservative underwriting standards, despite the competitive environment. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

For the quarter ended June 2026, Seacoast Banking (SBCF) reported revenue of $209.93 million, up 38.7% over the same period last year. EPS came in at $0.61, compared to $0.52 in the year-ago quarter. The reported revenue represents a surprise of +1.3% over the Zacks Consensus Estimate of $207.23 million. With the consensus EPS estimate being $0.60, the EPS surprise was +1.67%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Seacoast Banking performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net Interest Margin: 3.8% compared to the 3.8% average estimate based on three analysts. Efficiency Ratio: 58.5% versus 55% estimated by three analysts on average. Net charge-offs to average loans: 0.1% compared to the 0.2% average estimate based on two analysts. Nonperforming loans: $86.54 million compared to the $97.52 million average estimate based on two analysts. Total Nonperforming Assets: $90.01 million compared to the $102.08 million average estimate based on two analysts. Average Balance - Total Earning Assets: $19.06 billion versus the two-analyst average estimate of $18.88 billion. Total noninterest income: $27.78 million compared to the $28.4 million average estimate based on three analysts. Net interest income - FTE: $182.15 million versus the three-analyst average estimate of $179.4 million. Net interest income: $180.4 million compared to the $177.8 million average estimate based on two analysts. View all Key Company Metrics for Seacoast Banking here>>> Shares of Seacoast Banking have returned +0.5% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Seacoast Banking Corporation of Florida (SBCF) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Strong Organic Loan Growth with Expanding Pipeline Well-Positioned Balance Sheet with Robust Capital and Liquidity STUART, Fla., July 28, 2026--(BUSINESS WIRE)--Seacoast Banking Corporation of Florida ("Seacoast" or the "Company") (NASDAQ: SBCF) today reported unaudited results of operations and other financial information for the second quarter of 2026. Second Quarter 2026 Highlights Net income of $59.5 million, or $0.55 per share, increased 87% from the prior quarter and 39% from the prior year quarter. Adjusted net income1 was $65.8 million, or $0.61 per share. Adjusted pre-tax pre-provision earnings1 increased 4% from the prior quarter and 52% from the prior year quarter. 16% annualized organic loan growth. Total deposits increased 4% on an annualized basis, including a 4% annualized increase in noninterest-bearing deposits. Cost of deposits declined to 1.53%. Net interest income grew 2% from the prior quarter and 42% from the prior year quarter. Net interest margin was stable at 3.83% and, excluding accretion on acquired loans, expanded eight basis points from the prior quarter to 3.65%. Revenue growth continued to outpace expense, resulting in improved operating leverage and an improved efficiency ratio. Repurchased 751,680 shares of common stock during the quarter, and 1,072,443 shares of common stock year to date. Charles M. Shaffer, Seacoast's Chairman and CEO, said, "Seacoast delivered another quarter of strong financial performance, reflecting the strength of our franchise, the resilience of our markets, and the disciplined execution of our associates across the organization. In early July, we successfully completed the conversion of customers from Citizens First Bank to Seacoast's platforms, marking the culmination of one of the most significant and complex integrations in our company's history. I could not be more proud of our team for delivering an exceptionally smooth client experience while executing a highly complex technical conversion. Their preparation, commitment, and relentless focus on excellence ensured a seamless transition for customers and demonstrated the extraordinary talent and capabilities that exist throughout Seacoast." Shaffer continued, "The Villages® remains one of the most attractive growth markets in Florida, supported by exceptional demographics, continued economic expansion, and significant opportunities to deepen customer relationships. This acquisition has strengthened our position in this premier market, expanded our franchise, enhanced our earnings profile, and improved our ability to generate sustainable long-term growth. Just as importantly, we have welcomed team members and customers that share our commitment to community banking, exceptional service, and local decision-making. "Beyond the successful completion of the conversion, we delivered another strong quarter, supported by healthy loan and demand deposit growth, diversified revenue streams, and disciplined execution across the organization. Our balance sheet remains exceptionally strong, underpinned by industry-leading capital levels, substantial liquidity, and excellent asset quality. These strengths provide the flexibility to continue to invest in our franchise, support our clients, and capitalize on opportunities across our footprint while maintaining a prudent risk posture." Shaffer concluded, "As Seacoast celebrates its 100th year, we remain optimistic about the future. The markets we serve continue to benefit from favorable population growth, strong economic fundamentals, and attractive long-term growth trends. With the successful integration of our recent acquisitions now complete, an outstanding team in place, and a strong balance sheet supporting future growth, we enter the second half of 2026 with considerable momentum and confidence in our ability to create sustained value for our shareholders, customers, associates, and communities." Financial Results Income Statement Net income in the second quarter of 2026 was $59.5 million, or $0.55 per diluted share, compared to $31.9 million, or $0.29 per diluted share, in the prior quarter and $42.7 million, or $0.50 per diluted share, in the prior year quarter. Adjusted net income1 for the second quarter of 2026 was $65.8 million, or $0.61 per diluted share, compared to $67.8 million, or $0.62 per diluted share, for the prior quarter, and $44.5 million, or $0.52 per diluted share, for the prior year quarter. For the six months ended June 30, 2026, net income was $91.4 million and adjusted net income1 was $133.6 million, compared to $74.2 million and $76.6 million, respectively, in the prior year period. Net revenues were $208.2 million in the second quarter of 2026, an increase of $44.3 million, or 27%, compared to the prior quarter, and an increase of $56.8 million, or 38%, compared to the prior year quarter. The first quarter of 2026 included a $39.5 million loss from a strategic repositioning of the securities portfolio. Growth compared to the prior year quarter reflects the expansion of the franchise, including from bank acquisitions in 2025. Adjusted net revenues1 were $210.0 million in the second quarter of 2026, an increase of $4.9 million, or 2%, compared to the prior quarter, and an increase of $58.2 million, or 38%, compared to the prior year quarter. For the six months ended June 30, 2026 and 2025, net revenues were $372.0 million and $292.1 million, respectively. Pre-tax pre-provision earnings1 were $87.0 million in the second quarter of 2026, an increase of $43.4 million, or 100%, compared to the prior quarter, and an increase of $26.7 million, or 44%, compared to the second quarter of 2025. Adjusted pre-tax pre-provision earnings1 were $95.5 million in the second quarter of 2026, an increase of $3.8 million, or 4%, compared to the prior quarter, and an increase of $32.8 million, or 52%, compared to the second quarter of 2025. For the six months ended June 30, 2026, pre-tax pre-provision earnings1 was $130.5 million and adjusted pre-tax pre-provision earnings1 was $187.1 million, compared to $110.8 million and $114.3 million, respectively, in the prior year period. Net interest income totaled $180.4 million in the second quarter of 2026, an increase of $3.9 million, or 2%, compared to the prior quarter, and an increase of $53.5 million, or 42%, compared to the second quarter of 2025. The increase compared to the prior quarter represents higher yields on the securities portfolio and loan growth. Securities income increased $2.5 million, or 4%, from the prior quarter, benefiting from higher balances and the full quarter impact of the securities repositioning executed in the first quarter of 2026. Interest income on loans increased compared to the prior quarter by $2.4 million, or 1%, despite lower purchase accounting accretion, due to higher average loan balances and higher core loan yields. Accretion on acquired loans was $8.9 million in the second quarter of 2026 compared to $12.1 million in the first quarter of 2026. Interest expense on deposits increased $0.7 million, or 1%, compared to the prior quarter. Net interest margin was stable at 3.83% in the second quarter of 2026 compared to the first quarter of 2026, and increased 25 basis points compared to 3.58% in the second quarter of 2025. Excluding the effects of accretion on acquired loans, net interest margin expanded eight basis points to 3.65% in the second quarter of 2026 compared to 3.57% in the first quarter of 2026, and increased 36 basis points compared to 3.29% in the second quarter of 2025. The expansion in core net interest margin was driven by higher securities and loan yields and lower funding costs. Loan yields were 5.88%, a decline of eight basis points from the prior quarter, and a decline of 10 basis points from the prior year quarter. Yield on loans excluding accretion on acquired loans was 5.61%, an increase of four basis points from the prior quarter, and an increase of three basis points from the prior year quarter. Securities yields increased to 4.47%, up 10 basis points from the prior quarter and up 60 basis points from the prior year quarter. The cost of deposits declined one basis point to 1.53% in the second quarter of 2026 compared to 1.54% in the prior quarter, and declined 27 basis points compared to 1.80% in the second quarter of 2025. The cost of funds declined two basis points to 1.69% compared to the prior quarter, and declined 30 basis points compared to the prior year quarter. The Company recorded a provision for credit losses of $9.0 million in the second quarter of 2026, reflecting record loan growth and low, stable charge-offs of $3.2 million. Allowance coverage of 1.38% at June 30, 2026 was lower by one basis point compared to March 31, 2026. Noninterest income totaled $27.8 million in the second quarter of 2026, an increase of $40.4 million compared to the prior quarter. A strategic repositioning of the securities portfolio resulted in a $39.5 million loss in the first quarter of 2026. Excluding securities activity, adjusted noninterest income1 of $27.8 million increased $0.9 million, or 3%, compared to the prior quarter, and increased $3.4 million, or 14%, from the prior year quarter. For the six months ended June 30, 2026, adjusted noninterest income1 increased $8.3 million, or 18%, from the prior year period to $54.8 million. Results in the second quarter of 2026 included: Noninterest expense was $123.1 million in the second quarter of 2026, an increase of $0.9 million, or 1%, compared to the prior quarter, and an increase of $31.4 million, or 34%, compared to the prior year quarter. In the second quarter of 2026, merger and integration costs totaled $8.4 million, compared to $8.5 million in the prior quarter and $2.4 million in the prior year quarter. Results in the second quarter of 2026 are discussed below. Year-over-year increases reflect continued expansion of the footprint and growth in customers, including through bank acquisitions. The efficiency ratio improved to 58.52% in the second quarter of 2026, compared to 59.47% in the first quarter of 2026 and 60.33% in the second quarter of 2025. The adjusted efficiency ratio1 improved to 54.54% in the second quarter of 2026, compared to 55.31% in the first quarter of 2026 and 58.74% in the prior year quarter. The Company remains keenly focused on disciplined expense control, while making investments for growth. Balance Sheet At June 30, 2026, the Company had total assets of $21.4 billion and total shareholders’ equity of $2.7 billion. Book value per common share was $28.20 as of June 30, 2026, compared to $27.83 as of March 31, 2026, and $26.43 as of June 30, 2025. Tangible book value per share, treating all convertible preferred shares as common was $17.25 as of June 30, 2026, compared to $16.90 as of March 31, 2026, and $17.19 as of June 30, 2025. Debt securities totaled $5.7 billion as of June 30, 2026, an increase of $93.3 million compared to March 31, 2026. Debt securities as of June 30, 2026 included approximately $5.2 billion in securities classified as available-for-sale and recorded at fair value. The unrealized loss on these securities is fully reflected in the value presented on the balance sheet. The portfolio also includes $564.1 million in securities classified as held-to-maturity with a fair value of $465.7 million. Continued strong loan origination volume and lower payoffs than the first quarter resulted in an overall increase in loan balances of $504.0 million, or 16% annualized, during the second quarter of 2026. Seacoast continues to benefit from the investments made in recent years to attract talent from large regional and national banks across its markets. The outlook for continued consistent growth is strong, with loan pipelines totaling $1.5 billion as of June 30, 2026, compared to $1.2 billion at March 31, 2026 and $920.9 million at June 30, 2025. Total deposits were $16.8 billion as of June 30, 2026, an increase of $154.3 million or 3.7% annualized, when compared to March 31, 2026. Federal Home Loan Bank borrowings averaged $915.0 million at 3.77% for the second quarter of 2026, compared to average borrowings of $847.2 million at 4.03% in the first quarter of 2026 and $724.2 million at 4.32% in the second quarter of 2025. Asset Quality The ratio of criticized and classified loans to total loans was 2.88% at June 30, 2026, 2.82% at March 31, 2026, and 2.39% at June 30, 2025. Nonperforming loans were $86.5 million, or 0.66% of total loans, at June 30, 2026, a decrease of $8.5 million, or 9%, from $95.0 million, or 0.75% of total loans, as of March 31, 2026. Accruing past due loans were $20.1 million, or 0.15% of total loans, at June 30, 2026, compared to $28.2 million, or 0.22% of total loans, at March 31, 2026, and $14.2 million, or 0.13% of total loans, at June 30, 2025. Net charge-offs were $3.2 million in the second quarter of 2026, compared to $3.3 million in the first quarter of 2026 and $2.5 million in the second quarter of 2025. Net charge-offs for the four most recent quarters averaged 0.09% of total loans. The ratio of ACL to total loans was 1.38% at June 30, 2026, a decline of one basis point, compared to 1.39% at March 31, 2026, and 1.34% at June 30, 2025. Portfolio diversification, in terms of asset mix, industry, and loan type, has been a critical element of the Company's lending strategy. Exposure across industries and collateral types is broadly distributed. Construction and land development and commercial real estate loans remain well below regulatory guidance as of June 30, 2026 at 40% and 230% of total bank-level risk-based capital2, respectively, compared to 35% and 224%, respectively, at March 31, 2026. On a consolidated basis and as of June 30, 2026, construction and land development and commercial real estate loans represent 37% and 216%, respectively, of total consolidated risk-based capital2. Capital and Liquidity The Company continues to operate with a fortress balance sheet, with a Tier 1 capital ratio at June 30, 2026 of 14.3%2 compared to 14.6% at both March 31, 2026 and June 30, 2025. The Total capital ratio was 15.7%2, the Common Equity Tier 1 capital ratio was 11.5%2, and the Tier 1 leverage ratio was 10.4%2 at June 30, 2026. The Company is considered "well capitalized" based on applicable U.S. regulatory capital ratio requirements. Tangible equity to tangible assets3 was 9.25% at June 30, 2026, compared to 9.24% at March 31, 2026, and 9.75% at June 30, 2025. If all held-to-maturity securities were adjusted to fair value, the tangible equity ratio would have been 8.92% at June 30, 2026. During the second quarter of 2026, the Company repurchased over 750,000 shares of its common stock under its share repurchase program. Year to date under the program, the Company has taken opportunities to leverage its strong capital position by repurchasing over 1 million shares of its common stock. At June 30, 2026, in addition to $429.9 million in cash, the Company had $9.2 billion in available borrowing capacity, including $5.0 billion in available collateralized lines of credit, $3.8 billion of unpledged debt securities available as collateral for potential additional borrowings, and available unsecured lines of credit of $348.0 million. These liquidity sources as of June 30, 2026, represented 181% of uninsured and uncollateralized deposits. OTHER INFORMATION Conference Call Information Seacoast will host a conference call on July 29, 2026, at 10:00 a.m. (Eastern Time) to discuss the second quarter of 2026 earnings results and business trends. Investors may call in (toll-free) by dialing (800) 715-9871 (Conference ID: 3366993). Charts will be used during the conference call and may be accessed at Seacoast’s website at www.SeacoastBanking.com by selecting "Presentations" under the heading "News/Events." Additionally, a recording of the call will be made available to individuals shortly after the conference call and can be accessed via a link at www.SeacoastBanking.com under the heading "Corporate Information." The recording will be available for one year. About Seacoast Banking Corporation of Florida (NASDAQ: SBCF) Seacoast Banking Corporation of Florida (NASDAQ: SBCF) is one of the largest community banks headquartered in Florida with approximately $21.4 billion in assets and $16.8 billion in deposits as of June 30, 2026. Seacoast provides integrated financial services including commercial and consumer banking, wealth management, and mortgage and insurance services to customers at 105 full-service branches across Florida and Georgia, and through advanced mobile and online banking solutions. Seacoast National Bank is the wholly-owned subsidiary bank of Seacoast Banking Corporation of Florida. For more information about Seacoast, visit www.SeacoastBanking.com. Cautionary Notice Regarding Forward-Looking Statements This press release contains "forward-looking statements" within the meaning, and protections, of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, without limitation, statements about future financial and operating results, cost savings, enhanced revenues, economic and seasonal conditions in the Company’s markets, and improvements or impacts to reported earnings that may be realized from cost controls, tax law changes, conversion of preferred shares into common shares, new initiatives and for integration of banks (including Villages Bancorporation, Inc.) that the Company has acquired, or expects to acquire, as well as statements with respect to Seacoast's objectives, strategic plans, expectations and intentions and other statements that are not historical facts. Actual results may differ from those set forth in the forward-looking statements. Forward-looking statements include statements with respect to the Company’s beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates and intentions about future performance and involve known and unknown risks, uncertainties and other factors, which may be beyond the Company’s control, and which may cause the actual results, performance or achievements of Seacoast Banking Corporation of Florida ("Seacoast" or the "Company") or its wholly-owned banking subsidiary, Seacoast National Bank ("Seacoast Bank"), to be materially different from results, performance or achievements expressed or implied by such forward-looking statements. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. All statements other than statements of historical fact could be forward-looking statements. You can identify these forward-looking statements through the use of words such as "may", "will", "anticipate", "assume", "should", "support", "indicate", "would", "believe", "contemplate", "expect", "estimate", "continue", "further", "plan", "point to", "project", "could", "intend", "target" or other similar words and expressions of the future. Forward-looking statements also include statements relating to expectations regarding net interest income, net interest margin, loan growth, deposit growth and mix, credit quality, noninterest income and expense, capital levels and liquidity. These forward-looking statements may not be realized due to a variety of factors, including, without limitation: the impact of current and future economic and market conditions generally (including seasonality) and in the financial services industry, nationally and within Seacoast’s primary market areas, including the effects of continued inflationary pressures, changes in interest rates, tariffs or trade wars (including reduced consumer spending), slowdowns in economic growth, and the potential for high unemployment rates, as well as the financial stress on borrowers and changes to customer and client behavior and credit risk as a result of the foregoing; potential impacts of adverse developments in the banking industry, or as encountered by other financial institutions that adversely affect Seacoast, and including impacts on customer confidence, deposit outflows, liquidity and the regulatory response thereto (including increases in the cost of our deposit insurance assessments), the Company's ability to effectively manage its liquidity risk and any growth plans, and the availability of capital and funding; governmental monetary and fiscal policies, including interest rate policies of the Board of Governors of the Federal Reserve, as well as risks related to legislative, tax and regulatory changes, including those that impact the money supply and inflation; the risks of continued changes in interest rates on the level and composition of deposits (as well as the cost of, and competition for, deposits), loan demand, liquidity and the values of loan collateral, securities, and interest rate sensitive assets and liabilities; interest rate risks (including the impacts of interest rates on macroeconomic conditions, and on our net interest income), sensitivities and the shape of the yield curve; changes in accounting policies, rules and practices; changes in retail distribution strategies, customer preferences and behavior generally and as a result of economic factors, including heightened or persistent inflation; changes in borrower credit risks and payment behaviors, and changes in the availability and cost of credit and capital in the financial markets; changes in the prices, values and sales volumes of residential and commercial real estate, especially as they relate to the value of collateral supporting the Company’s loans; the Company’s concentration in commercial real estate loans and in real estate collateral in Florida; Seacoast’s ability to comply with any regulatory requirements and the risk that the regulatory environment may not be conducive to or may prohibit or delay the consummation of future mergers and/or business combinations, may increase the length of time and amount of resources required to consummate such transactions, and may reduce the anticipated benefit; inaccuracies or other failures from the use of models, including the failure of assumptions and estimates (including with respect to our financial statements), as well as differences in, and changes to, economic, market and credit conditions; the impact on the valuation of Seacoast’s investments due to market volatility or counterparty payment risk, as well as the effect of a decline in stock market prices on our fee income from our wealth management business; statutory and regulatory dividend restrictions; increases in regulatory capital requirements for banking organizations generally; the risks of mergers, acquisitions and divestitures, including Seacoast’s ability to continue to identify acquisition targets, successfully acquire and integrate desirable financial institutions and realize expected revenues and revenue synergies, and limit deposit, customer and employee attrition; changes in technology or products that may be more difficult, costly, or less effective than anticipated; the timely development and acceptance of new products and services as well as risks (including reputational and litigation) attendant thereto, and perceived overall value of these products and services by users; risks associated with the development and use of artificial intelligence; the Company’s ability to identify and address increased cybersecurity risks, including those impacting vendors and other third parties which may be exacerbated by developments in generative artificial intelligence; fraud or misconduct by internal or external parties, which Seacoast may not be able to prevent, detect or mitigate; inability of Seacoast’s risk management framework to manage risks associated with the Company’s business; dependence on key suppliers or vendors to obtain equipment or services for the business on acceptable terms; reduction in or the termination of Seacoast’s ability to use the online- or mobile-based platform that is critical to the Company’s business growth strategy; the effects of war or other conflicts, regime change, civil unrest, acts of terrorism, natural disasters, including hurricanes in the Company’s footprint, health emergencies, epidemics or pandemics, or other catastrophic events that may affect general economic conditions and/or increase costs, including, but not limited to, property and casualty and other insurance costs; Seacoast’s ability to maintain adequate internal controls over financial reporting; potential or actual claims, damages, penalties, fines, costs, unexpected outcomes and reputational damage resulting from new, existing, pending or future litigation, regulatory proceedings and enforcement actions; the risks that deferred tax assets could be reduced if estimates of future taxable income from the Company’s operations and tax planning strategies are less than currently estimated, the results of tax audit findings, challenges to our tax positions, or adverse changes or interpretations of tax laws; the effects of competition (including the inability to grow, or attrition of deposits, customers, and employees) from other commercial banks, thrifts, mortgage banking firms, consumer finance companies, credit unions, non-bank financial technology providers, securities brokerage firms, insurance companies, private credit funds, money market and other mutual funds and other financial institutions; the failure of assumptions underlying the establishment of reserves for expected credit losses; impairment of our goodwill or other intangible assets, risks related to, and the costs associated with, environmental, social and governance matters ("ESG") and anti-ESG matters, including the scope and pace of related rulemaking activity and disclosure requirements and potential litigation and enforcement; legislative, regulatory or supervisory actions related to so-called "de-banking," including any new prohibitions, requirements or enforcement priorities that could affect customer relationships, compliance obligations, or operational practices; government actions or inactions, including a deterioration of the credit rating for U.S. long-term sovereign debt, actions that the U.S. government may take to avoid exceeding the debt ceiling, and uncertainties surrounding the federal budget and economic policy, including the impact of tariffs and trade policies; the risk that balance sheet, revenue growth, and loan growth expectations may differ from actual results; and other factors and risks described herein and under "Risk Factors" in any of the Company's subsequent reports filed with the SEC and available on its website at www.sec.gov. All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties described in the Company’s annual report on Form 10-K for the year ended December 31, 2025 and in other periodic reports that the Company files with the SEC. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC's Internet website at www.sec.gov. Explanation of Certain Unaudited Non-GAAP Financial Measures This presentation contains financial information determined by methods other than Generally Accepted Accounting Principles ("GAAP"). Management uses these non-GAAP financial measures in its analysis of the Company’s performance and believes these presentations provide useful supplemental information, and a clearer understanding of the Company’s performance. The Company believes the non-GAAP measures enhance investors’ understanding of the Company’s business and performance and if not provided would be requested by the investor community. These measures are also useful in understanding performance trends and facilitate comparisons with the performance of other financial institutions. The limitations associated with operating measures are the risk that persons might disagree as to the appropriateness of items comprising these measures and that different companies might define or calculate these measures differently. The Company provides reconciliations between GAAP and these non-GAAP measures. These disclosures should not be considered an alternative to GAAP. View source version on businesswire.com: https://www.businesswire.com/news/home/20260728786230/en/ Contacts Michael YoungChief Strategy OfficerSeacoast Banking Corporation of Florida(772) 403-0451

Seacoast Banking (SBCF) came out with quarterly earnings of $0.61 per share, beating the Zacks Consensus Estimate of $0.6 per share. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +1.67%. A quarter ago, it was expected that this holding company for Seacoast National Bank would post earnings of $0.58 per share when it actually produced earnings of $0.62, delivering a surprise of +6.9%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Seacoast Banking, which belongs to the Zacks Banks - Southeast industry, posted revenues of $209.93 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.30%. This compares to year-ago revenues of $151.38 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Seacoast Banking shares have added about 5.9% since the beginning of the year versus the S&P 500's gain of 8.3%. While Seacoast Banking has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Seacoast Banking was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.63 on $212.53 million in revenues for the coming quarter and $2.51 on $840.17 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 21% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Stock Yards Bancorp (SYBT), has yet to report results for the quarter ended June 2026. This holding company for Stock Yards Bank & Trust Co. is expected to post quarterly earnings of $1.17 per share in its upcoming report, which represents a year-over-year change of +1.7%. The consensus EPS estimate for the quarter has been revised 0.8% lower over the last 30 days to the current level. Stock Yards Bancorp's revenues are expected to be $111.3 million, up 13.7% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Seacoast Banking Corporation of Florida (SBCF) : Free Stock Analysis Report Stock Yards Bancorp, Inc. (SYBT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research