SBCF · Seacoast Banking Corp Of Florida
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Latest filings
Seacoast Banking Corporation of Florida reported third-quarter net income of $59.9 million, or $0.55 per share, up 64% from the prior year quarter. Organic loan growth was 13% annualized and net interest margin was 3.83%.
Read the 8-KMetrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q2 FY26 earnings call · Jul 29, 2026TL;DR. Seacoast delivered 16% annualized organic loan growth, completed the Citizens First Bank conversion, and reaffirmed 2026 guidance, with adjusted EPS of $0.61 and adjusted pre-tax pre-provision earnings up 52% year-over-year.
- + Net interest margin excluding accretion expanded 8 bps to 3.65% on lower deposit costs
- + Successful Citizens First Bank conversion completed, removing integration distractions
- + Asset quality remained strong with net charge-offs at 10 bps and nonperforming loans declining
- − Provision expense rose due to strong loan growth
- − Competitive pressure on new loan pricing with super regionals re-entering the market
- − Brokered deposit usage increased sharply to fund loan growth
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders BuyIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
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| Accretion on acquired loans | $8.9M | the second quarter of 2026 filing | — |
| Adjusted earnings per common share-diluted non-GAAP | $0.61 | the second quarter of 2026 filing | — |
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| Adjusted efficiency ratio non-GAAP | 54.54% | the second quarter of 2026 filing | — |
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| Adjusted net income non-GAAP | $65.8M | the second quarter of 2026 filing | — |
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| Adjusted noninterest expense non-GAAP | 114.75M | the second quarter of 2026 filing | — |
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GAAP → non-GAAP reconciliationGAAP Total noninterest expense 123.11M
-8.36M Merger and integration costs
= Adjusted noninterest expense 114.75M
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| Adjusted pre-tax pre-provision earnings non-GAAP | 95.47M | Second Quarter 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Pre-tax pre-provision earnings 86.97M
+59K Total adjustments to noninterest income (loss)
+8.44M Total adjustments to noninterest expense including OREO expense and net loss on sale
= Adjusted pre-tax pre-provision earnings 95.47M
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| Adjusted ROA non-GAAP | 1.25% | the second quarter of 2026 filing | — |
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GAAP → non-GAAP reconciliationGAAP ROA 1.13%
+0.12% Impact of other adjustments for adjusted net income
= Adjusted ROA 1.25%
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| Adjusted ROTE non-GAAP | 15.79% | the second quarter of 2026 filing | — |
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GAAP → non-GAAP reconciliationGAAP ROE 8.74%
+5.7% Impact of adding convertible preferred stock and removing average intangible assets and related amortization
+1.35% Impact of other adjustments for adjusted net income
= Adjusted ROTE 15.79%
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| Allowance as a percent of loans held for investment | 1.38% | the second quarter of 2026 filing | — |
| Cost of deposits | 1.53% | the second quarter of 2026 filing | — |
| Efficiency ratio | 58.52% | the second quarter of 2026 filing | — |
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| Net adjusted noninterest expense to average tangible assets non-GAAP | 2.11% | the second quarter of 2026 filing | — |
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| Net charge-offs | $3.2M | the three months ended June 30, 2026 filing | — |
| Net interest margin excluding accretion on acquired loans | 3.65% | the second quarter of 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Net interest margin 3.83%
-0.18% Impact of accretion on acquired loans
= Net interest margin excluding accretion on acquired loans 3.65%
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| organic loan growth (annualized) | 16% | the second quarter of 2026 filing | — |
| ROA | 1.13% | the second quarter of 2026 filing | — |
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| ROTE | 14.44% | the second quarter of 2026 filing | — |
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GAAP → non-GAAP reconciliationGAAP ROE 8.74%
+5.7% Impact of adding convertible preferred stock and removing average intangible assets and related amortization
= ROTE 14.44%
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| Shares repurchased | 751,680 | the second quarter of 2026 filing | — |
| Shares repurchased under the program | 751,680 | the three months ended June 30, 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Banks - Regional — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
SBCF
this stock
Seacoast Banking Corp Of Florida
|
$3.20B | +4.3% | — | 21.6 | 5.6% |
|
MFG
Mizuho Financial Group Inc
|
$116.98B | +32.9% | — | — | 0.1% |
|
HDB
Hdfc Bank Ltd
|
$109.84B | -41.0% | -3.2% | — | 0.8% |
|
IBN
Icici Bank Ltd
|
$103.82B | -3.7% | — | — | 0.6% |
|
USB
US Bancorp De
|
$92.94B | +11.7% | +4.4% | 11.9 | 1.7% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Oct 27, 2026
- This year
- 16
Seacoast Banking Corporation of Florida reported third-quarter net income of $59.9 million, or $0.55 per share, up 64% from the prior year quarter. Organic loan growth was 13% annualized and net interest margin was 3.83%.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| SBCF | +0.1% | +3.0% | +5.6% | +3.0% | +4.3% |
| SPY | -0.1% | +1.3% | +5.6% | +1.3% | +13.3% |
| vs SPY | +0.2% | +1.7% | +0.0% | +1.7% | -8.9% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.