Seacoast Banking Corporation Of Florida · NASDAQ:SBCF
Seacoast Banking Corporation Of Florida — Seacoast Banking Corp of Florida — Investor Presentation (November 2025)
39 slides from Seacoast Banking Corporation Of Florida's investor presentation, Nov 5, 2025
Slide 1: Investor Presentation November 2025
INVESTOR PRESENTATION November 2025 2025
Slide 2: Cautionary Notice Regarding Forward-Looking Statements
2NOVEMBER 2025 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
5NOVEMBER 2025 INVESTOR PRESENTATION M&A Strategy Delivering Consistent Growth and Long-Term Value Creation
Slide 6: Seacoast Continues to Build its Story as the #1 Pure Play Florida Public Bank
6NOVEMBER 2025 INVESTOR PRESENTATION Seacoast Continues to Build its Story as the #1 Pure Play Florida Public Bank¹ 1. Deposit data as of June 30, 2024. Excludes Raymond James Financial, Inc. 2. For illustrative purposes, assumes transaction closes December 31, 2025, cost savings are 100% phased-in
Slide 7: Acquisition of Villages Bancorporation, Holding Company of Citizens First Bank
7NOVEMBER 2025 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 8: A Strategically Compelling Acquisition with Granular Core Deposits
8NOVEMBER 2025 INVESTOR PRESENTATION A Strategically Compelling Acquisition with Granular Core Deposits 1. Deposit data for Florida-based banks as of June 30, 2025. Reflects Florida domiciled deposits. Excludes Raymond James Financial, Inc. 2. 2026 fully-phased in EPS accretion. For illustrative pur
Slide 9: Illustrative Pro Forma Financial Impact
9NOVEMBER 2025 INVESTOR PRESENTATION Illustrative Pro Forma Financial Impact 1. Eliminates double count related to CECL adoption 2. For illustrative purposes, assumes transaction closes December 31, 2025, cost savings are 100% phased-in and excludes one-time transaction related costs. Includes fully
Slide 10: Attractive Pro Forma Results
10NOVEMBER 2025 INVESTOR PRESENTATION Attractive Pro Forma Results 1. For illustrative purposes, reflects 2026 estimated performance assuming transaction closes December 31, 2025, cost savings are 100% phased-in and excludes one-time transaction related costs Note: Includes public banks headquartere
Slide 11: Strategic Priorities
AGENDA STRATEGIC PRIORITIES
Slide 12: Executing Our Balanced Growth Strategy
12NOVEMBER 2025 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 13: Company Performance
AGENDA COMPANY PERFORMANCE
Slide 14: Third Quarter 2025 Highlights
14NOVEMBER 2025 INVESTOR PRESENTATION • Net income of $36.5 million, or $0.42 per share, which includes $10.8 million in merger-related charges, increased 19% year over year. Adjusted net income1 increased 48% year over year. • 7% annualized organic deposit growth. • 8% annualized organic loan growt
Slide 15: Net Interest Income
15NOVEMBER 2025 INVESTOR PRESENTATION Net Interest Income ($ in th ou sa nd s) $106,975 $116,115 $118,857 $127,295 $133,906 3.17% 3.39% 3.48% 3.58% 3.57% 2.90% 3.05% 3.24% 3.29% 3.32% Net Interest Income Net Interest Margin NIM, excluding accretion on acquired loans 3Q'24 4Q'24 1Q'25 2Q'25 3Q'25 • N
Slide 16: Efficiency Gains and Net Interest Margin Expansion Drive ROA Improvement
16NOVEMBER 2025 INVESTOR PRESENTATION Efficiency Gains and Net Interest Margin Expansion Drive Return on Average Assets Improvement 3.01% 3.49% 3.33% 2.93% 3.32% 1.39% 1.15% 0.91% 0.89% 1.09% 52.59% 53.03% 57.35% 59.22% 53.84% NIM, excluding accretion on acquired loans Adjusted ROA Adjusted Efficien
Slide 17: Noninterest Income
17NOVEMBER 2025 INVESTOR PRESENTATION Noninterest income decreased $0.7 million from the prior quarter to $23.8 million, and adjusted noninterest income1 increased $0.2 million to $24.7 million. Results included $0.8 million in realized losses on securities. Other changes from the prior quarter incl
Slide 18: Continued Focus on Building Wealth Management Assets
18NOVEMBER 2025 INVESTOR PRESENTATION Assets Under Management End-of-Period ($ in millions) $1,239 $1,387 $1,711 $2,053 $2,467 2021 2022 2023 2024 3Q’25 Continued Focus on Building Wealth Management Assets under management totaled $2.5 billion at September 30, 2025, increasing 24% year over year. Th
Slide 19: Noninterest Expense
19NOVEMBER 2025 INVESTOR PRESENTATION Noninterest Expense • Salaries and wages totaled $46.3 million, an increase of $1.9 million, or 4%, from the prior quarter. The increase from the prior quarter reflects the continued expansion of the footprint, including the acquisition of Heartland, and higher
Slide 20: Consistent Strong Loan Growth Supported by an Expanding Pipeline
20NOVEMBER 2025 INVESTOR PRESENTATION $10,205 $10,300 $10,443 $10,609 $10,964 5.94% 5.93% 5.90% 5.98% 5.96% 5.58% 5.48% 5.58% 5.58% 5.61% Yield Excluding Accretion on Acquired Loans Reported Yield Total Loans 3Q'24 4Q'24 1Q'25 2Q'25 3Q'25 6.6% 3.7% 5.6% 6.4% 7.6% 3Q'24 4Q'24 1Q'25 2Q'25 3Q'25 Annual
Slide 21: Loan Portfolio Mix
21NOVEMBER 2025 INVESTOR PRESENTATION At September 30, 2025 Loan Portfolio Mix Seacoast's lending strategy results in a diverse and granular loan portfolio. Seacoast’s average loan size is $435 thousand and the average commercial loan size is $871 thousand. Portfolio diversification in terms of asse
Slide 22: Allowance for Credit Losses and Purchase Discount
22NOVEMBER 2025 INVESTOR PRESENTATION Allowance for Credit Losses and Purchase Discount ($ in thousands) Loans Outstanding Allowance for Credit Losses % of Loans Outstanding Purchase Discount % of Loans Outstanding Construction and Land Development $ 616,475 $ 7,366 1.19 % $ 1,543 0.25 % Owner Occup
Slide 23: Continued Strong Asset Quality Trends
23NOVEMBER 2025 INVESTOR PRESENTATION Net Charge-Offs $7,445 $6,113 $7,038 $2,462 $3,2080.29% 0.24% 0.27% 0.09% 0.12% NCO NCO/Average Loans 3Q'24 4Q'24 1Q'25 2Q'25 3Q'25 ($ in thousands) Allowance for Credit Losses $140,469 $138,055 $140,267 $142,184 $147,453 1.38% 1.34% 1.34% 1.34% 1.34% ACL ACL/To
Slide 24: Investment Securities Performance and Composition
24NOVEMBER 2025 INVESTOR PRESENTATION Investment Securities Performance and Composition High quality portfolio consisting of 91% agency backed securities, with the remainder comprised primarily of highly-rated investment grade bonds. CLO portfolio is entirely AA/AAA rated. Net unrealized losses in t
Slide 25: Granular, Diverse and Relationship-Focused Customer Funding Base
25NOVEMBER 2025 INVESTOR PRESENTATION Deposits End-of-Period ($ in millions) $12,244 $12,242 $12,575 $12,498 $13,090 Transaction Accounts Savings Money Market Brokered Time Deposits 3Q'24 4Q'24 1Q'25 2Q'25 3Q'25 Granular, Diverse and Relationship-Focused Customer Funding Base The Company benefits fr
Slide 26: Strong Deposit Growth and Well-Managed Deposit Costs
26NOVEMBER 2025 INVESTOR PRESENTATION $705 $(326) $212 Total Deposits at 6/30/2025 Acquired Heartland Deposits Decline in Brokered Deposits Net Organic Deposit Growth Total Deposits at 9/30/2025 3Q’25 Growth in Deposits ($ in millions) Strong Deposit Growth and Well-Managed Deposit Costs Organic dep
Slide 27: Robust Capital Position Supporting a Fortress Balance Sheet
27NOVEMBER 2025 INVESTOR PRESENTATION $16.20 $16.12 $16.71 $17.19 3Q'24 4Q'24 1Q'25 2Q'25 3Q'25 9.6% 9.6% 9.6% 9.8% 9.8% 3Q'24 4Q'24 1Q'25 2Q'25 3Q'25 16.1% 16.2% 16.1% 16.1% 15.9%14.7% 14.8% 14.7% 14.6% 14.5% Total Risk Based Capital Tier 1 Ratio 3Q'24 4Q'24 1Q'25 2Q'25 3Q'25 10.3% 10.9% 10.2% 12.8
Slide 28: Appendix
28NOVEMBER 2025 INVESTOR PRESENTATION Appendix
Slide 29: Quarterly Trend
29NOVEMBER 2025 INVESTOR PRESENTATION Quarterly Trend Nine Months Ended ($ in thousands) 3Q'25 2Q'25 1Q'25 4Q'24 3Q'24 3Q'25 3Q'24 Commercial pipeline at period end $ 1,134,119 $ 861,237 $ 904,111 $ 634,150 $ 773,492 $ 1,134,119 $ 773,492 Commercial loan originations 757,912 715,271 422,837 748,342
Slide 30: Selected Assets and Liabilities Prior to Acquisition
30NOVEMBER 2025 INVESTOR PRESENTATION Selected Assets and Liabilities Prior to Acquisition (excludes purchase accounting and fair value adjustments) October 2025 Acquisition of Villages Bancorporation, Inc. (in thousands) September 30, 2025 Selected Assets: Cash and cash equivalents $ 33,121 Securit
Slide 31: Selected Acquisition-Related Impacts to Diluted EPS
31NOVEMBER 2025 INVESTOR PRESENTATION ($ in thousands, except per share amounts) 3Q25 2Q25 1Q25 4Q24 3Q24 3Q25 YTD 3Q24 YTD Accretion on acquired loans $ 9,543 $ 10,583 $ 8,221 $ 11,717 $ 9,182 $ 28,347 $ 29,955 Amortization of intangibles 6,005 5,131 5,309 5,587 6,002 16,445 18,297 Accretion on acq
Slide 32: Recognition
32NOVEMBER 2025 INVESTOR PRESENTATION Recognition 2nd consecutive year 5th consecutive year 1st time winner5th consecutive year 2nd consecutive year 3rd consecutive year 1st time winner
Slide 33: Explanation of Certain Unaudited Non-GAAP Financial Measures
33NOVEMBER 2025 INVESTOR PRESENTATION 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 including net income, noninterest i
Slide 34: Quarterly Trend
34NOVEMBER 2025 INVESTOR PRESENTATION Quarterly Trend Nine Months Ended (Amounts in thousands except per share data) 3Q'25 2Q'25 1Q'25 4Q'24 3Q'24 3Q'25 3Q'24 Net Income $ 36,467 $ 42,687 $ 31,464 $ 34,085 $ 30,651 $ 110,618 $ 86,901 Total noninterest income 23,818 24,521 22,180 17,068 23,679 70,519
Slide 35: Quarterly Trend
35NOVEMBER 2025 INVESTOR PRESENTATION Quarterly Trend Nine Months Ended (Amounts in thousands except per share data) 3Q'25 2Q'25 1Q'25 4Q'24 3Q'24 3Q'25 3Q'24 Adjusted Noninterest Expense $ 91,179 $ 89,308 $ 89,546 $ 85,295 $ 84,818 $ 270,033 $ 250,632 Provision for credit losses on unfunded commitm
Slide 36: Quarterly Trend
36NOVEMBER 2025 INVESTOR PRESENTATION Quarterly Trend Nine Months Ended (Amounts in thousands except per share data) 3Q'25 2Q'25 1Q'25 4Q'24 3Q'24 3Q'25 3Q'24 Average Assets $ 16,486,017 $ 15,801,194 $ 15,395,642 $ 15,204,041 $ 14,996,846 $ 15,898,279 $ 14,843,007 Less average goodwill and intangibl
Slide 37: Quarterly Trend
37NOVEMBER 2025 INVESTOR PRESENTATION Quarterly Trend Nine Months Ended (Amounts in thousands except per share data) 3Q'25 2Q'25 1Q'25 4Q'24 3Q'24 3Q'25 3Q'24 Yield on Loans1 5.96 % 5.98 % 5.90 % 5.93 % 5.94 % 5.95 % 5.93 % Impact of accretion on acquired loans (0.35) (0.40) (0.32) (0.45) (0.36) (0.
Slide 38: 38NOVEMBER (Amounts in thousands except per share data) FY2024 FY2023 FY2022 FY2021 Net Income
38NOVEMBER 2025 INVESTOR PRESENTATION (Amounts in thousands except per share data) FY2024 FY2023 FY2022 FY2021 Net Income $ 120,986 $ 104,033 $ 106,507 $ 124,403 Total noninterest income 83,428 79,152 66,091 70,727 Securities losses (gains), net 8,016 2,893 1,096 578 BOLI benefits on death (included
Slide 39: 39NOVEMBER (Amounts in thousands except per share data) FY2024 FY2023 FY2022 FY2021 Net Revenue
39NOVEMBER 2025 INVESTOR PRESENTATION (Amounts in thousands except per share data) FY2024 FY2023 FY2022 FY2021 Net Revenue $ 515,399 $ 567,392 $ 432,253 $ 346,752 Total Adjustments to Net Revenue 8,016 776 1,096 (177) Impact of FTE adjustment 1,074 803 498 516 Adjusted Net Revenue on a FTE basis $ 5
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