Seacoast Banking Corporation Of Florida · NASDAQ:SBCF
Seacoast Banking Corporation Of Florida — Seacoast Banking Corp of Florida — Investor Presentation (February 2026)
36 slides from Seacoast Banking Corporation Of Florida's investor presentation, Feb 11, 2026
Slide 1: Investor Presentation February 2026
INVESTOR PRESENTATION February 2026
Slide 2: Cautionary Notice Regarding Forward-Looking Statements
2FEBRUARY 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 1934, a
Slide 3: Agenda
01 ABOUT SEACOAST BANK 02 STRATEGIC PRIORITIES 03 COMPANY PERFORMANCE 04 APPENDIX
Slide 4: About Seacoast Bank
AGENDA ABOUT SEACOAST BANK
Slide 5: M&A Strategy Delivering Consistent Growth and Long-Term Value Creation
5FEBRUARY 2026 INVESTOR PRESENTATION M&A Strategy Delivering 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 every year. Sources: S&P Capital IQ
Slide 6: Acquisition of Villages Bancorporation, Holding Company of Citizens First Bank
6FEBRUARY 2026 INVESTOR PRESENTATION Acquisition of Villages Bancorporation, Holding Company of Citizens First Bank Note: Deposit data as of June 30, 2025 Sources: S&P Capital IQ Pro. FDIC Transformative acquisition of Villages Bancorporation, Inc. (“VBI”), holding company of Citizens First Bank, es
Slide 7: A Strategically Compelling Acquisition with Granular Core Deposits
7FEBRUARY 2026 INVESTOR PRESENTATION A Strategically Compelling Acquisition with Granular Core Deposits 1Deposit data for Florida-based banks as of June 30, 2025. Reflects Florida domiciled deposits. Excludes Raymond James Financial, Inc. 2Financial data as of December 31, 2025 Source: S&P Capital I
Slide 8: Strategic Priorities
AGENDA STRATEGIC PRIORITIES
Slide 9: Executing Our Balanced Growth Strategy
9FEBRUARY 2026 INVESTOR PRESENTATION Executing Our Balanced Growth Strategy Relationship Oriented Value Proposition High Performance Culture Attractive Markets Opportunistic Acquisitions Fortress Balance Sheet Resonates with both clients and bankers. Treasury management product expansion and wealth
Slide 10: Company Performance
AGENDA COMPANY PERFORMANCE
Slide 11: Valuable Florida Franchise with Strong Capital and Liquidity
11FEBRUARY 2026 INVESTOR PRESENTATION • Sustained, strong presence in Florida’s most attractive markets • #15 Florida market share ▪ #1 Florida-based bank in Orlando MSA ▪ #1 Florida-based bank in Palm Beach, Highlands, and 10 other counties ▪ #1 overall market share in Port St. Lucie MSA ▪ #1 overa
Slide 12: Fourth Quarter 2025 Highlights
12FEBRUARY 2026 INVESTOR PRESENTATION • Net income of $34.3 million, or $0.31 per diluted share, and adjusted net income1 of $47.7 million, or $0.44 per diluted share. Each includes the $23.4 million in day-one credit provisions recorded in the Villages Bancorporation, Inc. (“VBI”) acquisition. • Ad
Slide 13: Net Interest Income and Net Interest Margin
13FEBRUARY 2026 INVESTOR PRESENTATION Net Interest Income and Net Interest Margin ($ in m ill io ns ) $116.1 $118.9 $127.3 $133.9 $176.2 3.39% 3.48% 3.58% 3.57% 3.66% 3.05% 3.24% 3.29% 3.32% 3.44% Net Interest Income Net Interest Margin NIM, excluding accretion on acquired loans 4Q'24 1Q'25 2Q'25 3Q
Slide 14: Noninterest Income
14FEBRUARY 2026 INVESTOR PRESENTATION Noninterest income increased $4.8 million, or 20%, from the prior quarter to $28.6 million. Changes included: Service charges on deposits totaled $6.5 million, an increase of $0.3 million, or 4%, from the prior quarter, reflecting the closing of the VBI acquisit
Slide 15: Record Growth in Wealth Management
15FEBRUARY 2026 INVESTOR PRESENTATION Assets Under Management End-of-Period ($ in millions) $1,239 $1,387 $1,711 $2,053 $2,808 2021 2022 2023 2024 2025 Record Growth in Wealth Management Assets under management totaled $2.8 billion at December 31, 2025, increasing 37% year over year, including $189
Slide 16: Noninterest Expense
16FEBRUARY 2026 INVESTOR PRESENTATION Noninterest Expense $85.6 $90.6 $91.7 $102.0 $130.5 60.2% 64.0% 60.3% 64.4% 63.4% Noninterest expense Efficiency Ratio 4Q'24 1Q'25 2Q'25 3Q'25 4Q'25 Adjusted Noninterest Expense $85.3 $89.5 $89.3 $91.2 $112.4 60.0% 63.3% 58.7% 57.6% 54.5% Adjusted noninterest ex
Slide 17: Consistent Strong Loan Growth Supported by a Strong Pipeline
17FEBRUARY 2026 INVESTOR PRESENTATION $10,300 $10,443 $10,609 $10,964 $12,628 5.93% 5.90% 5.98% 5.96% 6.02% 5.48% 5.58% 5.58% 5.61% 5.68% Yield Excluding Accretion on Acquired Loans Reported Yield Total Loans 4Q'24 1Q'25 2Q'25 3Q'25 4Q'25 $634.1 $904.1 $861.2 $1,134.1 $947.9 4Q'24 1Q'25 2Q'25 3Q'25
Slide 18: Loan Activity 4Q'25
18FEBRUARY 2026 INVESTOR PRESENTATION Loan Activity 4Q’25 Commercial real estate - non owner occupied Residential real estate Commercial and financial Commercial real estate - owner occupied Construction and land development Consumer $10,964 $1,202 $462 Total Loans at 9/30/2025 Acquired VBI Loans Ne
Slide 19: Allowance for Credit Losses and Purchase Discount
19FEBRUARY 2026 INVESTOR PRESENTATION Allowance for Credit Losses and Purchase Discount ($ in millions) Loans Outstanding Allowance for Credit Losses % of Loans Outstanding Purchase Discount % of Loans Outstanding Construction and Land Development $ 724 $ 10 1.38 % $ 4 0.55 % Owner Occupied Commerci
Slide 20: Continued Strong Asset Quality Trends
20FEBRUARY 2026 INVESTOR PRESENTATION Net Charge-Offs 0.24% 0.27% 0.09% 0.12% 0.03% NCO/Average Loans 4Q'24 1Q'25 2Q'25 3Q'25 4Q'25 Allowance for Credit Losses 1.34% 1.34% 1.34% 1.34% 1.42% ACL/Total Loans 4Q'24 1Q'25 2Q'25 3Q'25 4Q'25 Continued Strong Asset Quality Trends Nonperforming Loans 0.90%
Slide 21: Well-Managed Deposit Costs
21FEBRUARY 2026 INVESTOR PRESENTATION Well-Managed Deposit Costs Deposits increased $3.2 billion during the fourth quarter, including the addition of $3.5 billion from the VBI acquisition, partially offset by a decline of $68.7 million in brokered deposits. Outflows were largely the result of a targ
Slide 22: Granular, Diverse and Relationship-Focused Customer Funding Base
22FEBRUARY 2026 INVESTOR PRESENTATION Deposits End-of-Period ($ in millions) $12,242 $12,575 $12,498 $13,090 $16,256 Transaction Accounts Savings Money Market Brokered Time Deposits 4Q'24 1Q'25 2Q'25 3Q'25 4Q'25 Granular, Diverse and Relationship-Focused Customer Funding Base The Company benefits fr
Slide 23: Capital, Tangible Book Value and Returns
23FEBRUARY 2026 INVESTOR PRESENTATION $16.12 $16.71 $17.19 $17.61 $15.14 4Q'24 1Q'25 2Q'25 3Q'25 4Q'25 9.6% 9.6% 9.8% 9.8% 9.3% 4Q'24 1Q'25 2Q'25 3Q'25 4Q'25 16.2% 16.1% 16.1% 15.9% 15.9%14.8% 14.7% 14.6% 14.5% 14.5% Total Risk Based Capital Tier 1 Ratio 4Q'24 1Q'25 2Q'25 3Q'25 4Q'25 10.9% 10.2% 12.
Slide 24: Investment Securities Performance and Composition
24FEBRUARY 2026 INVESTOR PRESENTATION Investment Securities Performance and Composition Net unrealized losses in the AFS portfolio decreased during the fourth quarter by $18.5 million, driven by changes in long-term interest rates. $2.5 billion in securities were added through the VBI acquisition. O
Slide 25: Securities Repositioning Leverages Strong Capital Position
25FEBRUARY 2026 INVESTOR PRESENTATION Securities Repositioning Leverages Strong Capital Position Strong capital levels with lower than projected dilution from the VBI acquisition provided the opportunity to further optimize the securities portfolio and accelerate our path to stronger earnings. In Ja
Slide 26: 2026 Outlook
26FEBRUARY 2026 INVESTOR PRESENTATION 2026 Outlook ($ in millions except per share data) 2025 Actual 2026 Outlook Adjusted Revenue (fully taxable equivalent basis) $ 656 29% - 31% Growth Adjusted Efficiency Ratio 58 % 53% - 55% Adjusted Earnings Per Share-Diluted $ 1.84 $2.48 - $2.52 Organic Loan Gr
Slide 27: Appendix
27FEBRUARY 2026 INVESTOR PRESENTATION Appendix
Slide 28: Selected Acquisition-Related Impacts to Earnings
28FEBRUARY 2026 INVESTOR PRESENTATION Selected Acquisition-Related Impacts to Earnings Quarterly Trend Annual Trend ($ in millions, except per share amounts) 4Q’25 3Q’25 2Q’25 1Q’25 4Q’24 2025 2024 2023 2022 2021 Accretion on acquired loans $ 10.6 $ 9.5 $ 10.6 $ 8.2 $ 11.7 $ 39.0 $ 41.7 $ 56.7 $ 18.
Slide 29: Allocation of Purchase Consideration (Preliminary)
29FEBRUARY 2026 INVESTOR PRESENTATION Allocation of Purchase Consideration (Preliminary) October 2025 Acquisition of Villages Bancorporation, Inc. October 01, 2025 Assets: Cash and cash equivalents $ 166.8 Investment securities 2,540.4 Loans1 1,202.4 CDI 110.5 Goodwill 280.1 Other assets 145.7 Total
Slide 30: Recognition
30FEBRUARY 2026 INVESTOR PRESENTATION Recognition 3rd consecutive year 5th consecutive year 1st time winner 6th consecutive year 2nd consecutive year 3rd consecutive year 1st time winner 1st time winner
Slide 31: About Non-GAAP Financial Measures
31FEBRUARY 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 measures
Slide 32: 32FEBRUARY Quarterly Trend Twelve Months Ended (Amounts in millions except per share data) 4Q'25
32FEBRUARY 2026 INVESTOR PRESENTATION Quarterly Trend Twelve Months Ended (Amounts in millions except per share data) 4Q'25 3Q'25 2Q'25 1Q'25 4Q'24 4Q'25 4Q'24 Net Income $ 34.3 $ 36.5 $ 42.7 $ 31.5 $ 34.1 $ 144.9 $ 121.0 Total noninterest income 28.6 23.8 24.5 22.2 17.1 99.2 83.4 Securities (gains)
Slide 33: GAAP to Non-GAAP Reconciliation
33FEBRUARY 2026 INVESTOR PRESENTATION GAAP to Non-GAAP Reconciliation Quarterly Trend Twelve Months Ended (Amounts in millions except per share data) 4Q'25 3Q'25 2Q'25 1Q'25 4Q'24 4Q'25 4Q'24 Adjusted Noninterest Expense $ 112.4 $ 91.2 $ 89.3 $ 89.5 $ 85.3 $ 382.4 $ 335.9 Provision for credit losses
Slide 34: 34FEBRUARY Quarterly Trend Twelve Months Ended (Amounts in millions except per share data) 4Q'25
34FEBRUARY 2026 INVESTOR PRESENTATION Quarterly Trend Twelve Months Ended (Amounts in millions except per share data) 4Q'25 3Q'25 2Q'25 1Q'25 4Q'24 4Q'25 4Q'24 Average Assets $ 21,203.4 $ 16,486.0 $ 15,801.2 $ 15,395.6 $ 15,204.0 $ 17,235.5 $ 14,933.8 Less average goodwill and intangible assets (1,2
Slide 35: 35FEBRUARY Quarterly Trend Twelve Months Ended (Amounts in millions except per share data) 4Q'25
35FEBRUARY 2026 INVESTOR PRESENTATION Quarterly Trend Twelve Months Ended (Amounts in millions except per share data) 4Q'25 3Q'25 2Q'25 1Q'25 4Q'24 4Q'25 4Q'24 Loan Interest Income1 $ 187.9 $ 162.3 $ 157.5 $ 151.0 $ 152.3 $ 658.7 $ 598.4 Accretion on acquired loans (10.6) (9.5) (10.6) (8.2) (11.7) (
Slide 36: 36FEBRUARY Quarterly Trend Twelve Months Ended (Amounts in millions except per share data) 4Q'25
36FEBRUARY 2026 INVESTOR PRESENTATION Quarterly Trend Twelve Months Ended (Amounts in millions except per share data) 4Q'25 3Q'25 2Q'25 1Q'25 4Q'24 4Q'25 4Q'24 Total Shareholders’ Equity $ 3,055.8 $ 2,378.1 $ 2,271.6 $ 2,229.7 $ 2,183.2 $ 3,055.8 $ 2,183.2 Goodwill (1,034.7) (754.6) (732.4) (732.4)
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