Seacoast Banking Corporation Of Florida · NASDAQ:SBCF
Seacoast Banking Corporation Of Florida — Seacoast Banking Corp of Florida — Q2 2026 Earnings Presentation
34 slides from Seacoast Banking Corporation Of Florida's earnings presentation, Sep 9, 2026
Slide 1: Investor Presentation Second Quarter 2026
INVESTOR PRESENTATION SECOND QUARTER 2026 2026
Slide 2: Cautionary Notice Regarding Forward-Looking Statements
2SECOND QUARTER 2026 INVESTOR PRESENTATION Cautionary Notice Regarding Forward-Looking Statements This presentation 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 1
Slide 3: Agenda
01 ABOUT SEACOAST BANK 02 STRATEGIC PRIORITIES 03 COMPANY PERFORMANCE 04 APPENDIX 01 ABOUT SEACOAST BANK 02 COMPANY PERFORMANCE 03 APPENDIX
Slide 4: About Seacoast Bank
AGENDA ABOUT SEACOAST BANK
Slide 5: Valuable Footprint with Strong Capital and Liquidity
5SECOND QUARTER 2026 INVESTOR PRESENTATION • Sustained, strong presence in Florida’s most attractive markets and recent expansion into the greater Atlanta market • #15 Florida market share ▪ #1 Florida-based bank in Orlando MSA ▪ #1 Florida-based bank in 12 counties in Florida ▪ #1 overall market sh
Slide 6: Favorable Demographics Provide a Durable Growth Advantage
6SECOND QUARTER 2026 INVESTOR PRESENTATION Cl ew is to n Favorable Demographics Provide a Durable Growth Advantage Seacoast’s deposit franchise is concentrated in MSAs projected to grow faster than the broader Southeast, providing a durable foundation for sustained organic growth. Share of Seacoast
Slide 7: Executing Our Balanced Growth Strategy
7SECOND QUARTER 2026 INVESTOR PRESENTATION Executing Our Balanced Growth Strategy Relationship Oriented Value Proposition Adding Talent to High Performance Culture Attractive Markets Opportunistic Acquisitions Fortress Balance Sheet Resonates with both clients and bankers. Treasury management produc
Slide 8: Mortgage Additive to Strong Commercial Growth Profile
8SECOND QUARTER 2026 INVESTOR PRESENTATION Mortgage Additive to Strong Commercial Growth Profile The ability to retain residential mortgage production with a unique risk-adjusted return profile provides more sustainable loan growth through economic cycles. Our commercial growth continues to benefit
Slide 9: M&A Strategy Has Delivered Consistent Growth and Long-Term Value Creation
9SECOND QUARTER 2026 INVESTOR PRESENTATION M&A Strategy Has Delivered Consistent Growth and Long-Term Value Creation 1Acquired assets reflects target’s publicly available financials from quarter prior to closing. 2Deposit market share for Florida-based banks as of June 30 each year. Sources: S&P Cap
Slide 10: VBI Acquisition Delivered on Strategic and Financial Objectives
10SECOND QUARTER 2026 INVESTOR PRESENTATION VBI Acquisition Delivered on Strategic and Financial Objectives • Expanded low-cost deposit base in one of Florida's fastest-growing markets, fueling strong commercial growth engine. • Established Seacoast as the primary banking partner for the continued g
Slide 11: 2026 Outlook
11SECOND QUARTER 2026 INVESTOR PRESENTATION 2026 Outlook ($ in millions except per share data) 2025 Actual 2026 Outlook Adjusted Revenue (fully taxable equivalent basis) $ 656 28% - 31% Growth Adjusted Efficiency Ratio 58 % 53% - 55% Adjusted Earnings Per Share-Diluted $ 1.84 $2.48 - $2.52 Organic L
Slide 12: Selected Acquisition-Related Impacts to Earnings
12SECOND QUARTER 2026 INVESTOR PRESENTATION Selected Acquisition-Related Impacts to Earnings Quarterly Trend ($ in millions, except per share amounts) 2Q'26 1Q'26 4Q'25 3Q'25 2Q'25 Accretion on acquired loans $ 8.9 $ 12.1 $ 10.6 $ 9.5 $ 10.6 Amortization of intangibles 10.0 10.1 10.4 6.0 5.1 Accreti
Slide 13: Company Performance
AGENDA COMPANY PERFORMANCE
Slide 14: Second Quarter 2026 Highlights
14SECOND QUARTER 2026 INVESTOR PRESENTATION • Net income of $59.5 million, or $0.55 per diluted share, increased 87% from the prior quarter and 39% from the prior year quarter. Adjusted net income1 was $65.8 million, or $0.61 per diluted share. • Adjusted pre-tax pre-provision earnings1 increased 4%
Slide 15: Net Interest Income and Net Interest Margin
15SECOND QUARTER 2026 INVESTOR PRESENTATION Net Interest Income and Net Interest Margin ($ in m ill io ns ) $127.3 $133.9 $176.2 $178.2 $182.2 3.58% 3.57% 3.66% 3.83% 3.83% 3.29% 3.32% 3.44% 3.57% 3.65% Net Interest Income Net Interest Margin NIM, excluding accretion on acquired loans 2Q'25 3Q'25 4Q
Slide 16: Noninterest Income
16SECOND QUARTER 2026 INVESTOR PRESENTATION $24.5 $23.8 $28.6 $(12.6) $27.8 $24.5 $24.7 $28.5 $26.9 $27.8 Noninterest income Adjusted noninterest income 2Q'25 3Q'25 4Q'25 1Q'26 2Q'26 Noninterest income increased to $27.8 million. Adjusted noninterest income increased $0.9 million, or 3%, from the pr
Slide 17: Growth in Wealth Management
17SECOND QUARTER 2026 INVESTOR PRESENTATION $1,387 $1,711 $2,053 $2,808 2022 2023 2024 2025 2Q’26 Growth in Wealth Management Assets under management totaled $3.2 billion at June 30, 2026, increasing 45% year-over-year. $388 million in new organic assets under management year-to-date in 2026 driven
Slide 18: Noninterest Expense
18SECOND QUARTER 2026 INVESTOR PRESENTATION $89.3 $91.2 $112.4 $113.6 $114.8 58.7% 57.6% 54.5% 55.3% 54.5% Adjusted noninterest expense Adjusted Efficiency Ratio Total Assets 2Q'25 3Q'25 4Q'25 1Q'26 2Q'26 Noninterest Expense Results in the second quarter of 2026 are discussed below. Year-over-year i
Slide 19: Disciplined Loan Growth Supported by a Strong Pipeline
19SECOND QUARTER 2026 INVESTOR PRESENTATION $10,609 $10,964 $12,628 $12,641 $13,145 5.98% 5.96% 6.02% 5.96% 5.88% 5.58% 5.61% 5.68% 5.57% 5.61% Yield Excluding Accretion on Acquired Loans Reported Yield Total Loans 2Q'25 3Q'25 4Q'25 1Q'26 2Q'26 $861.2 $1,134.1 $947.9 $1,045.0 $1,291.2 2Q'25 3Q'25 4Q
Slide 20: Loan Portfolio Mix
20SECOND QUARTER 2026 INVESTOR PRESENTATION At June 30, 2026 CRE-Retail, 11% CRE-Office, 4% CRE-Multifamily 5+, 4% CRE-Hotel/Motel, 2% CRE-Industrial/Warehouse, 7% CRE-Other, 5% OOCRE, 16% Construction & Land Development, 6% Commercial & Financial, 19% Residential, 25% Consumer, 1% Loan Portfolio Mi
Slide 21: Allowance for Credit Losses and Purchase Discount
21SECOND QUARTER 2026 INVESTOR PRESENTATION Allowance for Credit Losses and Purchase Discount ($ in millions) Loans Outstanding Allowance for Credit Losses % of Loans Outstanding Purchase Discount % of Loans Outstanding Construction and Land Development $ 857 $ 9 1.05 % $ 1 0.12 % Owner Occupied Com
Slide 22: Continued Strong Asset Quality Trends
22SECOND QUARTER 2026 INVESTOR PRESENTATION 0.09% 0.12% 0.03% 0.11% 0.10% NCO/Average Loans 2Q'25 3Q'25 4Q'25 1Q'26 2Q'26 1.34% 1.34% 1.42% 1.39% 1.38% ACL/Total Loans 2Q'25 3Q'25 4Q'25 1Q'26 2Q'26 Continued Strong Asset Quality Trends Nonperforming Loans 0.61% 0.55% 0.57% 0.75% 0.66% 0.13% 0.19% 0.
Slide 23: Well-Managed Deposit Costs
23SECOND QUARTER 2026 INVESTOR PRESENTATION Well-Managed Deposit Costs Deposits increased $154.3 million, or 3.7% annualized, during the second quarter of 2026. Continued focus on organic growth and relationship-based funding. The addition of commercial talent onboarding new relationships, in combin
Slide 24: Granular, Diverse and Relationship-Focused Customer Funding Base
24SECOND QUARTER 2026 INVESTOR PRESENTATION Deposits End-of-Period ($ in millions) $12,498 $13,090 $16,256 $16,638 $16,792 Transaction Accounts Savings Money Market Brokered Time Deposits 2Q'25 3Q'25 4Q'25 1Q'26 2Q'26 Granular, Diverse and Relationship-Focused Customer Funding Base The Company benef
Slide 25: Investment Securities Performance and Composition
25SECOND QUARTER 2026 INVESTOR PRESENTATION Investment Securities Performance and Composition Net unrealized losses in the AFS portfolio increased during the second quarter of 2026 by $7.5 million, driven by an increase in interest rates during the period. Portfolio yields increased 10 basis points
Slide 26: Capital and Returns
26SECOND QUARTER 2026 INVESTOR PRESENTATION $17.19 $17.61 $15.14 $15.33 $15.71 2Q'25 3Q'25 4Q'25 1Q'26 2Q'26 16.1% 15.9% 15.9% 16.0% 15.7% 14.0% 13.9% 11.5% 11.7% 11.5% Total Risk Based Capital CET1 Ratio Adjusted CET1 Ratio 2Q'25 3Q'25 4Q'25 1Q'26 2Q'26 12.8% 10.7% 9.1% 8.5% 14.4% 13.3% 13.0% 12.0%
Slide 27: Appendix
27SECOND QUARTER 2026 INVESTOR PRESENTATION Appendix
Slide 28: Recognition
28SECOND QUARTER 2026 INVESTOR PRESENTATION Recognition 3rd consecutive year 4th consecutive year 2nd consecutive year 6th consecutive year 5th consecutive year 2nd consecutive year 1st time winner 1st time winner
Slide 29: About Non-GAAP Financial Measures
29SECOND QUARTER 2026 INVESTOR PRESENTATION About Non-GAAP Financial Measures: This presentation contains financial information determined by methods other than Generally Accepted Accounting Principles (“GAAP”). The financial highlights provide reconciliations between GAAP and adjusted financial mea
Slide 30: Quarterly Trend Reconciliation
30SECOND QUARTER 2026 INVESTOR PRESENTATION Quarterly Trend Six Months Ended (Amounts in millions except per share data) 2Q'26 1Q'26 4Q'25 3Q'25 2Q'25 2Q'26 2Q'25 Net Income $ 59.5 $ 31.9 $ 34.3 $ 36.5 $ 42.7 $ 91.4 $ 74.2 Total noninterest income (loss) 27.8 (12.6) 28.6 23.8 24.5 15.2 46.7 Securiti
Slide 31: GAAP to Non-GAAP Reconciliation
31SECOND QUARTER 2026 INVESTOR PRESENTATION GAAP to Non-GAAP Reconciliation Quarterly Trend Six Months Ended (Amounts in millions except per share data) 2Q'26 1Q'26 4Q'25 3Q'25 2Q'25 2Q'26 2Q'25 Adjusted Noninterest Expense $ 114.8 $ 113.6 $ 112.4 $ 91.2 $ 89.3 $ 228.4 $ 178.9 Provision for credit l
Slide 32: Quarterly Trend Reconciliation
32SECOND QUARTER 2026 INVESTOR PRESENTATION Quarterly Trend Six Months Ended (Amounts in millions except per share data) 2Q'26 1Q'26 4Q'25 3Q'25 2Q'25 2Q'26 2Q'25 Average Assets $ 21,125.8 $ 20,924.9 $ 21,203.4 $ 16,486.0 $ 15,801.2 $ 21,025.9 $ 15,599.5 Less average goodwill and intangible assets (
Slide 33: Quarterly Trend Reconciliation
33SECOND QUARTER 2026 INVESTOR PRESENTATION Quarterly Trend Six Months Ended (Amounts in millions except per share data) 2Q'26 1Q'26 4Q'25 3Q'25 2Q'25 2Q'26 2Q'25 Loan Interest Income1 $ 188.7 $ 186.2 $ 187.9 $ 162.3 $ 157.5 $ 374.9 $ 308.5 Accretion on acquired loans (8.9) (12.1) (10.6) (9.5) (10.6
Slide 34: Quarterly Trend Reconciliation
34SECOND QUARTER 2026 INVESTOR PRESENTATION Quarterly Trend Six Months Ended (Amounts in millions except per share data) 2Q'26 1Q'26 4Q'25 3Q'25 2Q'25 2Q'26 2Q'25 Total Shareholders’ Equity $ 2,730.8 $ 2,717.7 $ 2,712.7 $ 2,378.1 $ 2,271.6 $ 2,730.8 $ 2,271.6 Goodwill (1,035.0) (1,035.0) (1,034.7) (
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