---
title: "Seacoast Reports Second Quarter 2026 Results | SBCF Stock News"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294106568.md"
description: "Seacoast Banking Corporation of Florida (NASDAQ: SBCF) reported Q2 2026 net income of $59.5 million ($0.55/share), up 87% from the prior quarter and 39% year-over-year. Key highlights include 16% annualized organic loan growth, a stable net interest margin of 3.83%, and successful integration of Citizens First Bank customers. The company repurchased over 750,000 shares during the quarter, demonstrating strong financial performance and balance sheet resilience."
datetime: "2026-07-28T12:01:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294106568.md)
  - [en](https://longbridge.com/en/news/294106568.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294106568.md)
generator: "portal-rs"
---

# Seacoast Reports Second Quarter 2026 Results | SBCF Stock News

See more from StockTitan in Google Search and AI answers.Adds StockTitan as a preferred source · opens Google

Add on Google

**Strong Organic Loan Growth with Expanding Pipeline**

**Well-Positioned Balance Sheet with Robust Capital and Liquidity**

STUART, Fla.--(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:
    -   Service charges on deposits totaled $7.0 million, an increase of $0.1 million, or 2%, from the prior quarter and an increase of $1.5 million, or 27%, from the prior year quarter.
    -   Wealth management income totaled $6.0 million, an increase of $0.2 million, or 3%, from the prior quarter and an increase of $1.8 million, or 42%, from the prior year quarter. The wealth management division has continued to deliver significant growth, driven by robust organic business development, strong client retention, and continued asset inflows from existing relationships, and has added $388 million in new organic assets under management in the first half of 2026. Assets under management have grown 45% year-over-year to $3.2 billion.
    -   Mortgage banking income totaled $2.7 million, an increase of $0.6 million, or 27%, from the prior quarter and an increase of $2.1 million, or 301%, from the prior year quarter, with higher saleable production including the addition of mortgage originations in The Villages communities.
    -   Insurance agency income totaled $1.3 million, a decrease of $0.5 million, or 25%, from the prior quarter and an increase of $47 thousand, or 4%, from the prior year quarter. The first quarter of 2026 included typical seasonal contingency payments, which are collected annually.
    -   Other income totaled $6.0 million, an increase of $0.5 million, or 8%, compared to the prior quarter and a decrease of $1.5 million, or 19%, from the prior year quarter. Compared to the prior quarter, the second quarter of 2026 included higher fees on customer swap activity, partially offset by lower SBIC income. In the prior year quarter, the Company recognized $3.0 million in tax refunds related to a prior bank acquisition.
-   **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.
    -   Salaries and employee benefits totaled $63.1 million, an increase of $0.5 million, or 1%, from the prior quarter and an increase of $10.6 million, or 20%, from the prior year quarter.
    -   Outsourced data processing costs totaled $12.2 million, an increase of $0.2 million, or 2%, from the prior quarter and an increase of $3.7 million, or 44%, from the prior year quarter.
    -   Occupancy costs totaled $9.6 million, an increase of $0.4 million, or 4%, compared to the prior quarter and an increase of $2.1 million, or 28%, from the prior year quarter.
    -   Legal and professional fees totaled $2.5 million, a decrease of $0.7 million, or 22%, compared to the prior quarter and an increase of $0.4 million, or 20%, from the prior year quarter. The changes are largely associated with the timing of various projects.
    -   Amortization of intangibles totaled $10.0 million, a decrease of $0.1 million, or 1%, from the prior quarter and an increase of $4.8 million, or 94%, from the prior year quarter.
    -   Other expense totaled $8.0 million, an increase of $1.2 million, or 18%, compared to the prior quarter and an increase of $1.8 million, or 30%, from the prior year quarter.
-   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.
    -   Commercial pipelines totaled $1.3 billion as of June 30, 2026, representing an increase of $246.2 million, or 24%, from the prior quarter and an increase of $430.0 million, or 50%, from the prior year quarter.
    -   Residential pipelines were $168.5 million as of June 30, 2026, compared to $169.2 million as of March 31, 2026 and $43.5 million as of 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.
    -   Noninterest-bearing demand deposits increased 4% on an annualized basis during the second quarter of 2026 to $4.2 billion at June 30, 2026.
    -   The cost of deposits declined one basis point to 1.53% from 1.54% in the prior quarter.
    -   At June 30, 2026, customer transaction account balances represented 48% of total deposits. The Company benefits from a granular deposit franchise, with the top ten depositors representing approximately 2% of total customer deposits.
    -   Consumer deposits represent 48% of overall customer deposit funding with an average consumer customer balance of $24 thousand. Commercial deposits represent 52% of overall customer deposit funding with an average business customer balance of $121 thousand.
    -   Brokered deposits were utilized as a temporary funding source to offset typical seasonal lows in core deposit balances. Brokered deposits totaled $611.6 million as of June 30, 2026, compared to $209.3 million as of March 31, 2026 and $515.3 million as of June 30, 2025.
    -   Uninsured deposits represented only 36% of overall deposit balances as of June 30, 2026. This includes public funds under the Florida Qualified Public Depository program, which provides loss protection to depositors beyond FDIC insurance limits. Excluding such balances, the uninsured and uncollateralized deposits were 32% of total deposits. The Company has liquidity sources including cash and lines of credit with the Federal Reserve and Federal Home Loan Bank that represent 158% of uninsured deposits, and 181% of uninsured and uncollateralized deposits.
-   **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.

*1Non-GAAP measure, see “Explanation of Certain Unaudited Non-GAAP Financial Measures" for more information and for a reconciliation to GAAP.*

*2Estimated*

*3The Company defines tangible assets as total assets less intangible assets and tangible equity as total shareholders' equity plus convertible preferred stock less intangible assets.*

**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.*

**FINANCIAL HIGHLIGHTS**

(Unaudited)

*SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES*

Quarterly Trends

Six months ended

*(Amounts in thousands, except ratios and per share data)*

**2Q'26**

1Q'26

4Q'25

3Q'25

2Q'25

**2Q'26**

2Q'25

**Summary of Earnings**

Net income

**$**

**59,535**

$

31,895

$

34,260

$

36,467

$

42,687

**$**

**91,430**

$

74,151

Adjusted net income1

**65,819**

67,777

47,741

45,164

44,466

**133,596**

76,568

Net interest income2

**182,150**

178,154

176,244

133,906

127,295

**360,304**

246,153

Net interest margin2,3

**3.83**

**%**

3.83

%

3.66

%

3.57

%

3.58

%

**3.83**

**%**

3.53

%

Pre-tax pre-provision earnings1

**$**

**86,968**

$

43,519

$

75,141

$

55,887

$

60,236

**$**

**130,487**

$

110,827

Adjusted pre-tax pre-provision earnings1

**95,470**

91,646

93,170

67,190

62,627

**187,116**

114,314

**Performance Ratios**

Return on average assets-GAAP basis3

**1.13**

**%**

0.62

%

0.64

%

0.88

%

1.08

%

**0.88**

**%**

0.96

%

Adjusted return on average assets1,3

**1.25**

1.31

0.89

1.09

1.13

**1.28**

0.99

Return on average tangible assets-GAAP basis3,4

**1.35**

0.81

0.83

1.04

1.24

**1.08**

1.12

Adjusted return on average tangible assets1,3,4

**1.48**

1.55

1.10

1.26

1.29

**1.51**

1.15

Net adjusted noninterest expense to average tangible assets1,3,4

**2.11**

2.13

2.01

2.16

2.25

**2.12**

2.29

Return on average equity-GAAP basis3

**8.74**

4.69

4.99

6.17

7.60

**6.71**

6.69

Adjusted return on average equity1,3

**9.66**

9.96

6.95

7.64

7.92

**9.81**

6.91

Return on average tangible equity-GAAP basis3,4

**14.44**

8.51

9.05

10.70

12.82

**11.48**

11.52

Adjusted return on average tangible equity1,3,4

**15.79**

16.26

11.96

12.98

13.31

**16.03**

11.86

Efficiency ratio5

**58.52**

59.47

63.36

64.44

60.33

**58.99**

62.12

Adjusted efficiency ratio1

**54.54**

55.31

54.50

57.63

58.74

**54.92**

60.93

Noninterest income to total revenue (excluding securities gains/losses)

**13.37**

13.23

14.05

15.59

16.18

**13.30**

15.92

Tangible equity to tangible assets4

**9.25**

9.24

9.31

9.76

9.75

**9.25**

9.75

Tangible common equity to tangible assets4

**7.55**

7.52

7.56

9.76

9.75

**7.55**

7.52

Average loan-to-deposit ratio

**77.89**

77.58

73.60

82.99

85.21

**77.74**

84.72

End of period loan-to-deposit ratio

**78.39**

76.09

77.78

83.84

84.96

**78.39**

84.96

**Per Share Data**

Earnings per common share-diluted-GAAP basis

**$**

**0.55**

$

0.29

$

0.31

$

0.42

$

0.50

**$**

**0.84**

$

0.87

Earnings per common share-basic-GAAP basis

**0.55**

0.30

0.32

0.42

0.50

**0.85**

0.87

Adjusted earnings per common share-diluted1

**0.61**

0.62

0.44

0.52

0.52

**1.23**

0.90

Book value per common share

**28.20**

27.83

27.70

27.07

26.43

**28.20**

26.43

Book value per share, treating all convertible preferred shares as common6

**28.44**

28.10

27.99

27.07

26.43

**28.44**

26.43

Tangible book value per common share

**15.71**

15.33

15.14

17.61

17.19

**15.71**

17.19

Tangible book value per share, treating all convertible preferred shares as common4,6

**17.25**

16.90

16.72

17.61

17.19

**17.25**

17.19

Cash dividends declared on common and preferred stock7

**0.19**

0.19

0.19

0.18

0.18

**0.38**

0.36

**Other Data**

Full-time equivalent employees

**1,964**

1,949

1,962

1,601

1,522

**1,964**

1,522

Number of ATMs

**192**

192

191

103

98

**192**

98

Full-service banking offices

**105**

104

104

84

79

**105**

79

*1Non-GAAP measure - see "Explanation of Certain Unaudited Non-GAAP Financial Measures" for more information and a reconciliation to GAAP.*

*2Calculated on a fully taxable equivalent basis using amortized cost.*

*3These ratios are stated on an annualized basis and are not necessarily indicative of future periods.*

*4The Company defines tangible assets as total assets less intangible assets, tangible equity as total shareholders' equity plus convertible preferred stock less intangible assets, and tangible equity as total shareholders' equity less intangible assets.*

*5Defined as noninterest expense less provision for credit losses on unfunded commitments and gains, losses, and expenses on foreclosed properties divided by net operating revenue (net interest income on a fully taxable equivalent basis plus noninterest income excluding securities gains and losses). Prior to the fourth quarter of 2025, the Company's presentation of the efficiency ratio excluded amortization expense on intangible assets. Prior periods have been updated to align with the current presentation.*

*6Calculated treating all convertible preferred shares as common. Each 1/1000th preferred share is convertible to one common share on the date a holder of preferred stock transfers such share of preferred stock to a non-affiliate of the holder. The Company believes a calculation presenting all convertible preferred shares as common provides useful supplemental information to the presentation of common share measures, as we anticipate they will be converted to common shares in the future.*

*7In the fourth quarter of 2025, non-voting convertible preferred shares were issued in connection with the VBI acquisition. Those shares earn dividends pro-rata with common shares, or $0.19 per 1/1000th preferred share.*

**CONSOLIDATED STATEMENTS OF INCOME**

(Unaudited)

*SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES*

Quarterly Trends

Six months ended

*(Amounts in thousands, except per share data)*

**2Q'26**

1Q'26

4Q'25

3Q'25

2Q'25

**2Q'26**

2Q'25

Interest and fees on loans

**$**

**188,161**

$

185,731

$

187,408

$

161,913

$

157,075

**$**

**373,892**

$

307,715

Interest and dividends on securities:

Taxable

**59,051**

56,579

53,445

35,975

32,479

**115,630**

61,860

Nontaxable

**3,523**

3,512

3,293

44

33

**7,035**

67

Interest on interest-bearing deposits and other investments

**4,816**

4,884

11,914

4,780

3,760

**9,700**

7,960

**Total Interest Income**

**255,551**

250,706

256,060

202,712

193,347

**506,257**

377,602

Interest on deposits

**44,201**

44,586

49,988

43,133

40,633

**88,787**

84,259

Interest on time certificates

**18,663**

17,583

20,914

16,341

15,120

**36,246**

30,093

Interest on borrowed money

**12,292**

12,067

10,531

9,770

10,730

**24,359**

17,869

**Total Interest Expense**

**75,156**

74,236

81,433

69,244

66,483

**149,392**

132,221

**Net Interest Income**

**180,395**

176,470

174,627

133,468

126,864

**356,865**

245,381

Provision for credit losses

**8,997**

761

29,260

8,371

4,379

**9,758**

13,629

**Net Interest Income After Provision for Credit Losses**

**171,398**

175,709

145,367

125,097

122,485

**347,107**

231,752

Noninterest income (loss):

Service charges on deposit accounts

**7,045**

6,912

6,472

6,194

5,540

**13,957**

10,720

Wealth management income

**5,968**

5,777

5,540

4,578

4,196

**11,745**

8,444

Mortgage banking income

**2,744**

2,166

3,108

517

685

**4,910**

1,089

Interchange income

**2,093**

2,067

2,483

2,008

1,895

**4,160**

3,702

Insurance agency income

**1,336**

1,790

1,191

1,481

1,289

**3,126**

2,909

BOLI income

**2,609**

2,617

2,687

3,875

3,380

**5,226**

5,848

Other

**6,042**

5,585

7,066

6,006

7,497

**11,627**

13,754

**Total Noninterest Income Before Securities (Losses) Gains, Net**

**27,837**

26,914

28,547

24,659

24,482

**54,751**

46,466

Securities (losses) gains, net

**(59**

**)**

(39,528

)

84

(841

)

39

**(39,587**

**)**

235

**Total Noninterest Income (Loss)**

**27,778**

(12,614

)

28,631

23,818

24,521

**15,164**

46,701

Noninterest expense:

Salaries and employee benefits

**63,115**

62,645

62,432

53,697

52,544

**125,760**

103,653

Outsourced data processing costs

**12,242**

11,995

11,257

9,337

8,525

**24,237**

17,029

Occupancy

**9,591**

9,235

9,330

7,627

7,483

**18,826**

14,833

Furniture and equipment

**2,803**

2,821

2,935

2,233

2,125

**5,624**

4,253

Marketing

**3,525**

3,467

3,149

2,509

2,958

**6,992**

5,706

Legal and professional fees

**2,480**

3,170

2,106

1,674

2,071

**5,650**

4,811

FDIC assessments

**2,759**

3,195

2,876

2,414

2,108

**5,954**

4,302

Amortization of intangibles

**9,960**

10,098

10,374

6,005

5,131

**20,058**

10,440

Other real estate owned expense and net loss (gain) on sale

**85**

63

(29

)

(346

)

8

**148**

249

Provision for credit losses on unfunded commitments

**150**

150

812

150

150

**300**

300

Merger and integration costs

**8,358**

8,536

18,142

10,808

2,422

**16,894**

3,473

Other

**8,042**

6,796

7,162

5,879

6,205

**14,838**

13,278

**Total Noninterest Expense**

**123,110**

122,171

130,546

101,987

91,730

**245,281**

182,327

**Income Before Income Taxes**

**76,066**

40,924

43,452

46,928

55,276

**116,990**

96,126

Provision for income tax expense

**16,531**

9,029

9,192

10,461

12,589

**25,560**

21,975

**Net Income**

**59,535**

31,895

34,260

36,467

42,687

**91,430**

74,151

Preferred dividends

**2,138**

2,138

2,138

—

—

**4,275**

—

**Net Income Available to Common Shareholders**

**$**

**57,397**

$

29,757

$

32,122

$

36,467

$

42,687

**$**

**87,155**

$

74,151

Share Data

Net income per share of common stock

Diluted

**$**

**0.55**

$

0.29

$

0.31

$

0.42

$

0.50

**$**

**0.84**

$

0.87

Diluted, treating all convertible preferred shares as common1

**0.55**

0.29

0.31

0.42

0.50

**0.84**

0.87

Basic

**$**

**0.55**

$

0.30

$

0.32

$

0.42

$

0.50

**$**

**0.85**

$

0.87

Average common shares outstanding

Diluted

**97,250**

97,838

97,761

87,425

85,479

**97,549**

85,454

Additional common shares treating all convertible preferred shares as common1

**11,250**

11,250

11,250

—

—

**11,250**

—

Diluted, treating all convertible preferred shares as common1

**108,500**

109,088

109,011

87,425

85,479

**108,799**

85,454

Basic

**96,438**

96,840

96,816

86,619

84,903

**96,638**

84,776

*1Non-GAAP measure - see "Explanation of Certain Unaudited Non-GAAP Financial Measures" for more information and a reconciliation to GAAP.*

**CONSOLIDATED BALANCE SHEETS**

(Unaudited)

*SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES*

**June 30,**

March 31,

December 31,

September 30,

June 30,

*(Amounts in thousands)*

**2026**

2026

2025

2025

2025

**Assets**

Cash and due from banks

**$**

**191,965**

$

201,308

$

181,429

$

173,954

$

181,565

Interest-bearing deposits with other banks

**237,979**

607,071

207,116

132,040

150,863

**Total cash and cash equivalents**

**429,944**

808,379

388,545

305,994

332,428

Time deposits with other banks

**747**

2,490

14,424

30,852

1,494

Debt Securities:

Securities available-for-sale (at fair value)

**5,174,602**

5,069,260

5,164,567

3,212,080

2,866,185

Securities held-to-maturity (at amortized cost)

**564,067**

576,155

586,178

598,604

613,312

**Total debt securities**

**5,738,669**

5,645,415

5,750,745

3,810,684

3,479,497

Loans held for sale

**18,565**

18,188

16,297

10,841

8,610

Loans

**13,145,439**

12,641,432

12,627,984

10,964,173

10,608,824

Less: Allowance for credit losses

**(182,050**

**)**

(176,252

)

(178,803

)

(147,453

)

(142,184

)

**Loans, net of allowance for credit losses**

**12,963,389**

12,465,180

12,449,181

10,816,720

10,466,640

Bank premises and equipment, net

**161,008**

159,368

160,139

115,392

107,256

Goodwill

**1,034,997**

1,034,997

1,034,735

754,645

732,417

Other intangible assets, net

**174,486**

184,980

195,704

76,291

61,328

Bank owned life insurance

**335,783**

333,174

330,563

323,214

312,860

Net deferred tax assets

**64,502**

62,300

66,579

74,683

87,328

Other assets

**437,982**

430,676

435,419

357,588

355,097

**Total Assets**

**$**

**21,360,072**

$

21,145,147

$

20,842,331

$

16,676,904

$

15,944,955

**Liabilities**

Deposits

Noninterest demand

**$**

**4,216,499**

$

4,176,854

$

3,897,985

$

3,611,920

$

3,376,941

Interest-bearing demand

**3,870,570**

4,057,493

3,993,225

2,753,463

2,518,857

Savings

**972,730**

979,633

974,694

615,566

557,472

Money market

**5,127,372**

5,205,762

5,141,519

4,396,458

4,111,789

Time deposits

**2,605,124**

2,218,207

2,248,920

1,712,912

1,932,539

**Total Deposits**

**16,792,295**

16,637,949

16,256,343

13,090,319

12,497,598

Securities sold under agreements to repurchase

**373,095**

377,460

389,003

236,247

186,090

Federal Home Loan Bank borrowings

**835,000**

775,000

835,000

690,000

715,000

Long-term debt, net

**112,910**

112,836

112,761

107,464

107,298

Other liabilities

**172,842**

181,127

193,437

174,742

167,404

**Total Liabilities**

**18,286,142**

18,084,372

17,786,544

14,298,772

13,673,390

**Convertible Preferred Stock**

**343,125**

343,125

343,125

—

—

**Shareholders' Equity**

Common stock

**9,878**

9,878

9,873

8,864

8,673

Additional paid in capital

**2,208,511**

2,202,879

2,197,549

1,891,111

1,832,158

Retained earnings

**653,623**

614,853

603,793

590,384

569,833

Less: Treasury stock

**(57,137**

**)**

(31,373

)

(21,358

)

(20,804

)

(20,792

)

**Total Shareholders' Equity Before Accumulated Other Comprehensive Loss**

**2,814,875**

2,796,237

2,789,857

2,469,555

2,389,872

Accumulated other comprehensive loss, net

**(84,070**

**)**

(78,587

)

(77,195

)

(91,423

)

(118,307

)

**Total Shareholders' Equity**

**2,730,805**

2,717,650

2,712,662

2,378,132

2,271,565

**Total Liabilities, Convertible Preferred Stock and Shareholders' Equity**

**$**

**21,360,072**

$

21,145,147

$

20,842,331

$

16,676,904

$

15,944,955

Common shares outstanding

**96,823**

97,665

97,928

87,856

85,948

Additional common shares treating all convertible preferred shares as common1

**11,250**

11,250

11,250

—

—

Total common shares outstanding, treating all convertible preferred shares as common

**108,073**

108,915

109,178

87,856

85,948

*1Each 1/1000th preferred share is convertible to one common share on the date a holder of preferred stock transfers such share of preferred stock to a non-affiliate of the holder.*

**CONSOLIDATED QUARTERLY FINANCIAL DATA**

(Unaudited)

*SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES*

Quarterly Trends

*(Amounts in thousands)*

**2Q'26**

1Q'26

4Q'25

3Q'25

2Q'25

**Credit Analysis**

Net charge-offs

**$**

**3,199**

$

3,312

$

936

$

3,208

$

2,462

Net charge-offs to average loans

**0.10**

**%**

0.11

%

0.03

%

0.12

%

0.09

%

Allowance for credit losses

**$**

**182,050**

$

176,252

$

178,803

$

147,453

$

142,184

Non-acquired loans at end of period

**10,029,038**

9,315,395

9,067,802

8,415,612

8,071,619

Acquired loans at end of period

**3,116,401**

3,326,037

3,560,182

2,548,561

2,537,205

**Total Loans**

**$**

**13,145,439**

$

12,641,432

$

12,627,984

$

10,964,173

$

10,608,824

Total allowance for credit losses to total loans at end of period

**1.38**

**%**

1.39

%

1.42

%

1.34

%

1.34

%

Purchase discount on acquired loans at end of period

**3.98**

3.99

4.04

3.86

4.10

**End of Period**

Nonperforming loans

**$**

**86,540**

$

95,032

$

72,001

$

60,562

$

64,198

Other real estate owned

**3,473**

4,250

4,250

5,085

5,335

**Total Nonperforming Assets**

**$**

**90,013**

$

99,282

$

76,251

$

65,647

$

69,533

Nonperforming Loans to Loans at End of Period

**0.66**

**%**

0.75

%

0.57

%

0.55

%

0.61

%

Nonperforming Assets to Total Assets at End of Period

**0.42**

0.47

0.37

0.39

0.44

**Loans**

**June 30,**

**2026**

March 31,

2026

December 31,

2025

September 30,

2025

June 30,

2025

Construction and land development

**$**

**856,716**

$

745,362

$

723,930

$

616,475

$

603,079

Commercial real estate - owner occupied

**2,121,853**

2,021,885

2,043,625

1,898,704

1,778,930

Commercial real estate - non-owner occupied

**4,237,563**

4,178,003

4,254,992

3,766,541

3,624,528

Residential real estate

**3,258,274**

3,162,509

3,098,859

2,694,794

2,678,042

Commercial and financial

**2,477,326**

2,353,118

2,320,989

1,807,932

1,741,158

Consumer

**193,707**

180,555

185,589

179,727

183,087

**Total Loans**

**$**

**13,145,439**

$

12,641,432

$

12,627,984

$

10,964,173

$

10,608,824

**AVERAGE BALANCES, INTEREST INCOME AND EXPENSES, YIELDS AND RATES 1**

(Unaudited)

*SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES*

**2Q'26**

1Q'26

2Q'25

**Average**

**Yield/**

Average

Yield/

Average

Yield/

*(Amounts in thousands)*

**Balance**

**Interest**

**Rate**

Balance

Interest

Rate

Balance

Interest

Rate

**Assets**

Earning assets:

Securities:

Taxable

**$**

**5,392,894**

**$**

**59,051**

**4.39**

**%**

$

5,358,307

$

56,579

4.28

%

$

3,364,825

$

32,479

3.87

%

Nontaxable

**330,322**

**4,727**

**5.74**

333,382

4,700

5.72

5,321

40

3.02

**Total Securities**

**5,723,216**

**63,778**

**4.47**

5,691,689

61,279

4.37

3,370,146

32,519

3.87

Federal funds sold

**292,952**

**2,622**

**3.59**

311,936

2,740

3.56

183,268

2,041

4.47

Interest-bearing deposits with other banks and other investments

**178,126**

**2,194**

**4.94**

188,891

2,144

4.60

137,726

1,720

5.01

**Total Loans, net2**

**12,862,053**

**188,712**

**5.88**

12,671,180

186,227

5.96

10,558,997

157,499

5.98

**Total Earning Assets**

**19,056,347**

**257,306**

**5.42**

**%**

18,863,696

252,390

5.43

%

14,250,137

193,779

5.45

%

Allowance for credit losses

**(177,763**

**)**

(179,455

)

(141,442

)

Cash and due from banks

**187,161**

180,639

152,562

Bank premises and equipment, net

**160,756**

163,528

108,206

Intangible assets

**1,214,829**

1,225,602

796,431

Bank owned life insurance

**334,159**

331,529

312,384

Other assets including deferred tax assets

**350,290**

339,388

322,916

**Total Assets**

**$**

**21,125,779**

$

20,924,927

$

15,801,194

**Liabilities, Convertible Preferred Stock & Shareholders' Equity**

Interest-bearing liabilities:

Interest-bearing demand

**$**

**3,976,446**

**$**

**11,108**

**1.12**

**%**

$

3,986,616

$

11,529

1.17

%

$

2,622,944

$

10,249

1.57

%

Savings

**976,058**

**1,300**

**0.53**

972,525

1,260

0.53

545,718

881

0.65

Money market

**5,124,668**

**31,793**

**2.49**

5,176,998

31,797

2.49

4,122,147

29,505

2.87

Time deposits

**2,324,117**

**18,663**

**3.22**

2,181,476

17,583

3.27

1,700,128

15,120

3.57

Securities sold under agreements to repurchase

**344,612**

**1,889**

**2.20**

348,582

1,853

2.16

185,977

1,214

2.62

Federal Home Loan Bank borrowings

**915,000**

**8,608**

**3.77**

847,225

8,429

4.03

724,231

7,803

4.32

Long-term debt, net and other

**112,867**

**1,795**

**6.38**

112,818

1,785

6.42

107,208

1,712

6.41

**Total Interest-Bearing Liabilities**

**13,773,768**

**75,156**

**2.19**

**%**

13,626,240

74,236

2.21

%

10,008,353

66,484

2.66

%

Noninterest demand

**4,112,281**

4,015,315

3,401,138

Other liabilities

**164,252**

179,591

139,495

**Total Liabilities**

**18,050,301**

17,821,146

13,548,986

Convertible preferred stock

**343,125**

343,125

—

Shareholders' equity

**2,732,353**

2,760,656

2,252,208

**Total Liabilities, Convertible Preferred Stock & Equity**

**$**

**21,125,779**

$

20,924,927

$

15,801,194

Cost of deposits

**1.53**

**%**

1.54

%

1.80

%

Cost of funds3

**1.69**

1.71

1.99

Interest expense as a % of earning assets

**1.58**

1.60

1.87

Net interest income as a % of earning assets

**$**

**182,150**

**3.83**

**%**

$

178,154

3.83

%

$

127,295

3.58

%

*1On a fully taxable equivalent basis. All yields and rates have been computed using amortized cost.*

*2Fees on loans have been included in interest on loans. Nonaccrual loans are included in loan balances.*

*3Total interest expense as a percentage of total interest-bearing liabilities and noninterest demand deposits.*

**AVERAGE BALANCES, INTEREST INCOME AND EXPENSES, YIELDS AND RATES 1**

(Unaudited)

*SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES*

**Six Months Ended June 30, 2026**

Six Months Ended June 30, 2025

**Average**

**Yield/**

Average

Yield/

*(Amounts in thousands, except ratios)*

**Balance**

**Interest**

**Rate**

Balance

Interest

Rate

**Assets**

Earning assets:

Securities:

Taxable

**$**

**5,375,696**

**$**

**115,630**

**4.34**

**%**

$

3,219,772

$

61,860

3.87

%

Nontaxable

**331,844**

**9,427**

**5.73**

5,378

82

3.07

**Total Securities**

**5,707,540**

**125,057**

**4.42**

3,225,150

61,942

3.87

Federal funds sold

**302,391**

**5,362**

**3.58**

224,159

4,986

4.49

Interest-bearing deposits with other banks and other investments

**183,479**

**4,338**

**4.77**

121,550

2,974

4.93

**Total Loans, net2**

**12,767,144**

**374,939**

**5.92**

10,471,732

308,472

5.94

**Total Earning Assets**

**18,960,554**

**509,696**

**5.42**

**%**

14,042,591

378,374

5.43

%

Allowance for credit losses

**(178,604**

**)**

(139,879

)

Cash and due from banks

**183,918**

155,639

Bank premises and equipment, net

**162,134**

108,427

Intangible assets

**1,220,186**

799,045

Bank owned life insurance

**332,851**

311,114

Other assets including deferred tax assets

**344,869**

322,603

**Total Assets**

**$**

**21,025,908**

$

15,599,540

**Liabilities, Convertible Preferred Stock & Shareholders' Equity**

Interest-bearing liabilities:

Interest-bearing demand

**$**

**3,981,503**

**$**

**22,637**

**1.15**

**%**

$

2,664,275

$

21,318

1.61

%

Savings

**974,301**

**2,560**

**0.53**

537,759

1,579

0.59

Money market

**5,150,688**

**63,590**

**2.49**

4,135,730

61,362

2.99

Time deposits

**2,253,190**

**36,246**

**3.24**

1,674,177

30,093

3.62

Securities sold under agreements to repurchase

**346,586**

**3,742**

**2.18**

193,581

2,571

2.68

Federal Home Loan Bank borrowings

**881,300**

**17,037**

**3.90**

554,477

11,886

4.32

Long-term debt, net and other

**112,843**

**3,580**

**6.40**

107,123

3,412

6.42

**Total Interest-Bearing Liabilities**

**13,700,411**

**149,392**

**2.20**

**%**

9,867,122

132,221

2.70

%

Noninterest demand

**4,064,066**

3,347,939

Other liabilities

**171,879**

150,775

**Total Liabilities**

**17,936,356**

13,365,836

Convertible preferred stock

**343,125**

—

Shareholders' equity

**2,746,427**

2,233,704

**Total Liabilities, Convertible Preferred Stock & Equity**

**$**

**21,025,908**

$

15,599,540

Cost of deposits

**1.54**

**%**

1.87

%

Cost of funds3

**1.70**

2.02

Interest expense as a % of earning assets

**1.59**

1.90

Net interest income as a % of earning assets

**$**

**360,304**

**3.83**

**%**

$

246,153

3.53

%

*1On a fully taxable equivalent basis. All yields and rates have been computed using amortized cost.*

*2Fees on loans have been included in interest on loans. Nonaccrual loans are included in loan balances.*

*3Total interest expense as a percentage of total interest-bearing liabilities and noninterest demand deposits.*

**CONSOLIDATED QUARTERLY FINANCIAL DATA**

(Unaudited)

*SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES*

**June 30,**

March 31,

December 31,

September 30,

June 30,

*(Amounts in thousands)*

**2026**

2026

2025

2025

2025

Customer Relationship Funding

Noninterest demand

Commercial

**$**

**3,369,981**

$

3,328,553

$

3,053,115

$

2,933,228

$

2,717,688

Retail

**665,430**

676,152

672,779

508,204

509,539

Public funds

**95,381**

95,841

112,548

96,396

81,448

Other

**85,707**

76,308

59,543

74,092

68,266

**Total Noninterest Demand**

**4,216,499**

4,176,854

3,897,985

3,611,920

3,376,941

Interest-bearing demand

Commercial

**1,573,655**

1,627,444

1,534,289

1,586,997

1,466,184

Retail

**2,019,505**

2,126,907

2,047,462

976,318

838,340

Public funds

**277,410**

303,142

411,474

190,148

214,333

**Total Interest-Bearing Demand**

**3,870,570**

4,057,493

3,993,225

2,753,463

2,518,857

Total transaction accounts

Commercial

**4,943,636**

4,955,997

4,587,404

4,520,225

4,183,872

Retail

**2,684,935**

2,803,059

2,720,241

1,484,522

1,347,879

Public funds

**372,791**

398,983

524,022

286,544

295,781

Other

**85,707**

76,308

59,543

74,092

68,266

**Total Transaction Accounts**

**8,087,069**

8,234,347

7,891,210

6,365,383

5,895,798

Savings

Commercial

**40,787**

40,481

43,189

43,102

45,531

Retail

**931,943**

939,152

931,505

572,464

511,941

**Total Savings**

**972,730**

979,633

974,694

615,566

557,472

Money market

Commercial

**2,444,562**

2,396,144

2,334,255

2,303,584

2,073,098

Retail

**2,493,658**

2,609,435

2,584,398

1,898,375

1,853,398

Public funds

**189,152**

200,183

222,866

194,499

185,293

**Total Money Market**

**5,127,372**

5,205,762

5,141,519

4,396,458

4,111,789

Brokered time certificates

**611,578**

209,281

120,865

189,561

515,303

Time deposits

**1,993,546**

2,008,926

2,128,055

1,523,351

1,417,236

**Total Time Deposits**

**2,605,124**

2,218,207

2,248,920

1,712,912

1,932,539

**Total Deposits**

**16,792,295**

16,637,949

16,256,343

13,090,319

12,497,598

Securities sold under agreements to repurchase

**373,095**

377,460

389,003

236,247

186,090

Total customer funding1

**$**

**16,553,812**

$

16,806,128

$

16,524,481

$

13,137,005

$

12,168,385

*1Total deposits and securities sold under agreements to repurchase, excluding brokered deposits. Securities sold under agreements to repurchase consists of customer sweep accounts.*

**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.

**GAAP TO NON-GAAP RECONCILIATION**

(Unaudited)

*SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES*

Quarterly Trends

Six Months Ended

*(Amounts in thousands, except per share data)*

**2Q'26**

1Q'26

4Q'25

3Q'25

2Q'25

**2Q'26**

2Q'25

**Net income**

**$**

**59,535**

$

31,895

$

34,260

$

36,467

$

42,687

**$**

**91,430**

$

74,151

Total noninterest income (loss)

**27,778**

(12,614

)

28,631

23,818

24,521

**15,164**

46,701

Securities losses (gains), net

**59**

39,528

(84

)

841

(39

)

**39,587**

(235

)

**Total adjusted noninterest income**

**27,837**

26,914

28,547

24,659

24,482

**54,751**

46,466

Total noninterest expense

**123,110**

122,171

130,546

101,987

91,730

**245,281**

182,327

Merger and integration costs

**(8,358**

**)**

(8,536

)

(18,142

)

(10,808

)

(2,422

)

**(16,894**

**)**

(3,473

)

**Adjusted noninterest expense**

**114,752**

113,635

112,404

91,179

89,308

**228,387**

178,854

Income taxes

**16,531**

9,029

9,192

10,461

12,589

**25,560**

21,975

Tax effect of adjustments

**2,133**

12,182

4,577

2,952

604

**14,315**

821

**Adjusted income taxes**

**18,664**

21,211

13,769

13,413

13,193

**39,875**

22,796

**Adjusted net income**

**65,819**

67,777

47,741

45,164

44,466

**133,596**

76,568

Earnings per common share-diluted, as reported

**0.55**

0.29

0.31

0.42

0.50

**0.84**

0.87

**Adjusted earnings per common share-diluted**

**$**

**0.61**

$

0.62

$

0.44

$

0.52

$

0.52

**$** 

**1.23**

$ 

0.90

Average common shares-diluted

**97,250**

97,838

97,761

87,425

85,479

**97,549**

85,454

Average preferred shares, treating all convertible preferred shares as common

**11,250**

11,250

11,250

—

—

**11,250**

—

Average common shares-diluted, treating all convertible preferred shares as common

**108,500**

109,088

109,011

87,425

85,479

**108,799**

85,454

Adjusted noninterest expense

**$**

**114,752**

$

113,635

$

112,404

$

91,179

$

89,308

**$**

**228,387**

$

178,854

Provision for credit losses on unfunded commitments

**(150**

**)**

(150

)

(812

)

(150

)

(150

)

**(300**

**)**

(300

)

Other real estate owned expense and net (loss) gain on sale

**(85**

**)**

(63

)

29

346

(8

)

**(148**

**)**

(249

)

Amortization of intangibles

**(9,960**

**)**

(10,098

)

(10,374

)

(6,005

)

(5,131

)

**(20,058**

**)**

(10,440

)

**Net adjusted noninterest expense**

**104,557**

103,324

101,247

85,370

84,019

**207,881**

167,865

Average tangible assets

**$**

**19,910,950**

$

19,699,325

$

19,976,896

$

15,658,723

$

15,004,763

**$**

**19,805,722**

$

14,800,495

**Net adjusted noninterest expense to average tangible assets**

**2.11**

**%**

2.13

%

2.01

%

2.16

%

2.25

%

**2.12**

**%**

2.29

%

Net revenue

**$**

**208,173**

$

163,856

$

203,258

$

157,286

$

151,385

**$**

**372,029**

$

292,082

Total adjustments to net revenue

**59**

39,528

(84

)

841

(39

)

**39,587**

(235

)

Impact of FTE adjustment

**1,755**

1,684

1,617

438

431

**3,439**

772

**Adjusted net revenue on a FTE basis**

**$**

**209,987**

$

205,068

$

204,791

$

158,565

$

151,777

**$**

**415,055**

$

292,619

Adjusted efficiency ratio

**54.54**

**%**

55.31

%

54.50

%

57.63

%

58.74

%

**54.92**

**%**

60.93

%

Net interest income

**$**

**180,395**

$

176,470

$

174,627

$

133,468

$

126,864

**$**

**356,865**

$

245,381

Impact of FTE adjustment

**1,755**

1,684

1,617

438

431

**3,439**

772

**Net interest income including FTE adjustment**

**182,150**

178,154

176,244

133,906

127,295

**360,304**

246,153

Total noninterest income (loss)

**27,778**

(12,614

)

28,631

23,818

24,521

**15,164**

46,701

Total noninterest expense less provision for credit losses on unfunded commitments

**122,960**

122,021

129,734

101,837

91,580

**244,981**

182,027

**Pre-tax pre-provision earnings**

**86,968**

43,519

75,141

55,887

60,236

**130,487**

110,827

Total adjustments to noninterest income (loss)

**59**

39,528

(84

)

841

(39

)

**39,587**

(235

)

Total adjustments to noninterest expense including other real estate owned expense and net (loss) gain on sale

**8,443**

8,599

18,113

10,462

2,430

**17,042**

3,722

**Adjusted pre-tax pre-provision earnings**

**$**

**95,470**

$

91,646

$

93,170

$

67,190

$

62,627

**$**

**187,116**

$

114,314

Average assets

**$**

**21,125,779**

$

20,924,927

$

21,203,391

$

16,486,017

$

15,801,194

**$**

**21,025,908**

$

15,599,540

Less average goodwill and intangible assets

**(1,214,829**

**)**

(1,225,602

)

(1,226,495

)

(827,294

)

(796,431

)

**(1,220,186**

**)**

(799,045

)

**Average tangible assets**

**$**

**19,910,950**

$

19,699,325

$

19,976,896

$

15,658,723

$

15,004,763

**$**

**19,805,722**

$

14,800,495

Return on average assets (ROA)

**1.13**

**%**

0.62

%

0.64

%

0.88

%

1.08

%

**0.88**

**%**

0.96

%

Impact of other adjustments for adjusted net income

**0.12**

0.69

0.25

0.21

0.05

**0.40**

0.03

**Adjusted ROA**

**1.25**

1.31

0.89

1.09

1.13

**1.28**

0.99

ROA

**1.13**

0.62

0.64

0.88

1.08

**0.88**

0.96

Impact of removing average intangible assets and related amortization

**0.22**

0.19

0.19

0.16

0.16

**0.20**

0.16

**Return on average tangible assets (ROTA)**

**1.35**

0.81

0.83

1.04

1.24

**1.08**

1.12

Impact of other adjustments for adjusted net income

**0.13**

0.74

0.27

0.22

0.05

**0.43**

0.03

**Adjusted ROTA**

**1.48**

1.55

1.10

1.26

1.29

**1.51**

1.15

Return on average equity (ROE)

**8.74**

4.69

4.99

6.17

7.60

**6.71**

6.69

Impact of other adjustments for adjusted net income

**0.92**

5.27

1.96

1.47

0.32

**3.10**

0.22

**Adjusted ROE**

**9.66**

**%**

9.96

%

6.95

%

7.64

%

7.92

%

**9.81**

**%**

6.91

%

Average shareholders' equity

**$**

**2,732,353**

$

2,760,656

$

2,724,208

$

2,345,233

$

2,252,208

**$**

**2,746,427**

$

2,233,704

Average convertible preferred stock

**343,125**

343,125

343,125

—

—

**343,125**

—

Less average goodwill and intangible assets

**(1,214,829**

**)**

(1,225,602

)

(1,226,495

)

(827,294

)

(796,431

)

**(1,220,186**

**)**

(799,045

)

**Average tangible equity**

**$**

**1,860,649**

$

1,878,179

$

1,840,838

$

1,517,939

$

1,455,777

**$**

**1,869,366**

$

1,434,659

Return on average shareholders' equity

**8.74**

**%**

4.69

%

4.99

%

6.17

%

7.60

%

**6.71**

**%**

6.69

%

Impact of adding convertible preferred stock and removing average intangible assets and related amortization

**5.70**

3.82

4.06

4.53

5.22

**4.77**

4.83

**Return on average tangible equity (ROTE)**

**14.44**

8.51

9.05

10.70

12.82

**11.48**

11.52

Impact of other adjustments for adjusted net income

**1.35**

7.75

2.91

2.28

0.49

**4.55**

0.34

**Adjusted ROTE**

**15.79**

**%**

16.26

%

11.96

%

12.98

%

13.31

%

**16.03**

**%**

11.86

%

Loan interest income1

**$**

**188,712**

$

186,227

$

187,910

$

162,341

$

157,499

**$**

**374,939**

$

308,472

Accretion on acquired loans

**(8,901**

**)**

(12,094

)

(10,645

)

(9,543

)

(10,583

)

**(20,995**

**)**

(18,804

)

**Loan interest income excluding accretion on acquired loans1**

**$**

**179,811**

$

174,133

$

177,265

$

152,798

$

146,916

**$**

**353,944**

$

289,668

Yield on loans1

**5.88**

**%**

5.96

%

6.02

%

5.96

%

5.98

%

**5.92**

**%**

5.94

%

Impact of accretion on acquired loans

**(0.27**

**)**

(0.39

)

(0.34

)

(0.35

)

(0.40

)

**(0.33**

**)**

(0.36

)

**Yield on loans excluding accretion on acquired loans1**

**5.61**

**%**

5.57

%

5.68

%

5.61

%

5.58

%

**5.59**

**%**

5.58

%

Net interest income1

**$**

**182,150**

$

178,154

$

176,244

$

133,906

$

127,295

**$**

**360,304**

$

246,153

Accretion on acquired loans

**(8,901**

**)**

(12,094

)

(10,645

)

(9,543

)

(10,583

)

**(20,995**

**)**

(18,804

)

**Net interest income excluding accretion on acquired loans1**

**$**

**173,249**

$

166,060

$

165,599

$

124,363

$

116,712

**$**

**339,309**

$

227,349

Net interest margin1

**3.83**

**%**

3.83

%

3.66

%

3.57

%

3.58

%

**3.83**

**%**

3.53

%

Impact of accretion on acquired loans

**(0.18**

**)**

(0.26

)

(0.22

)

(0.25

)

(0.29

)

**(0.22**

**)**

(0.27

)

**Net interest margin excluding accretion on acquired loans1**

**3.65**

**%**

3.57

%

3.44

%

3.32

%

3.29

%

**3.61**

**%**

3.26

%

Securities interest income1

**$**

**63,778**

$

61,279

$

57,852

$

36,029

$

32,519

**$**

**125,057**

$

61,942

Tax equivalent adjustment on securities

**(1,204**

**)**

(1,188

)

(1,114

)

(10

)

(7

)

**(2,392**

**)**

(15

)

**Securities interest income excluding tax equivalent adjustment1**

**62,574**

60,091

56,738

36,019

32,512

**122,665**

61,927

Loan interest income1

**188,712**

186,227

187,910

162,341

157,499

**374,939**

308,472

Tax equivalent adjustment on loans

**(551**

**)**

(496

)

(503

)

(428

)

(424

)

**(1,047**

**)**

(757

)

**Loan interest income excluding tax equivalent adjustment**

**188,161**

185,731

187,407

161,913

157,075

**373,892**

307,715

Net interest income1

**182,150**

178,154

176,243

133,906

127,295

**360,304**

246,153

Tax equivalent adjustment on securities

**(1,204**

**)**

(1,188

)

(1,114

)

(10

)

(7

)

**(2,392**

**)**

(15

)

Tax equivalent adjustment on loans

**(551**

**)**

(496

)

(503

)

(428

)

(424

)

**(1,047**

**)**

(757

)

**Net interest income excluding tax equivalent adjustments**

**$**

**180,395**

$

176,470

$

174,626

$

133,468

$

126,864

**$**

**356,865**

$

245,381

*1On a fully taxable equivalent basis. All yields and rates have been computed using amortized cost.*

View source version on businesswire.com: https://www.businesswire.com/news/home/20260728786230/en/

Michael Young  
Chief Strategy Officer  
Seacoast Banking Corporation of Florida  
(772) 403-0451

Source: Seacoast Banking Corporation of Florida

### Related Stocks

- [SBCF.US](https://longbridge.com/en/quote/SBCF.US.md)

## Related News & Research

- [Seacoast Banking EVP, Chief Operating Officer Sold Shares Worth Over $508K](https://longbridge.com/en/news/297368210.md)
- [16:59 ETHDB Investors Have Opportunity to Lead HDFC Bank Limited Securities Fraud Lawsuit](https://longbridge.com/en/news/298075647.md)
- [16:49 ETPRIM Deadline: PRIM Investors with Losses in Excess of $100K Have Opportunity to Lead Primoris Services Corporation Securities Fraud Lawsuit](https://longbridge.com/en/news/297560782.md)
- [19:21 ETBE Investors Have Opportunity to Lead Bloom Energy Corporation Securities Fraud Lawsuit](https://longbridge.com/en/news/297569607.md)
- [MMED: Q1 FY27 delivered 17% net sales growth and raised full-year organic revenue guidance to 10.5%](https://longbridge.com/en/news/297640006.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**