Seacoast Banking Corporation Of Florida · NASDAQ:SBCF
Seacoast Banking Corporation Of Florida — Q4 2025 Earnings Presentation
27 slides from Seacoast Banking Corporation Of Florida's earnings presentation, Jan 30, 2026
Slide 1: Earnings Presentation Fourth Quarter 2025
EARNINGS PRESENTATION FOURTH QUARTER 2025 2025
Slide 2: Cautionary Notice Regarding Forward-Looking Statements
Cautionary Notice Regarding Forward-Looking Statements This presentation contains “forward-looking statements” within the meaning, and protections, of Section 27A of the Securities Act benefit; inaccuracies or other failures from the use of models, including the failure of assumptions and estimates,
Slide 3: Valuable Florida Franchise with Strong Capital and Liquidity
Valuable Florida Franchise with Strong Capital and Liquidity • 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 S
Slide 4: Fourth Quarter 2025 Highlights
Fourth Quarter 2025 Highlights • Net income of $34.3 million, or $0.31 per diluted • Net interest margin, excluding accretion on share, and adjusted net income1 of $47.7 million, or acquired loans, expanded 12 basis points from the $0.44 per diluted share. Each includes the $23.4 prior quarter to 3.
Slide 5: Net Interest Income and Net Interest Margin
Net Interest Income and Net Interest Margin 1 Net Interest Income Net Interest Margin NIM, excluding accretion on acquired loans $176.2 $133.9 $127.3 $116.1 $118.9 ($ in millions) 3.66% 3.58% 3.57% 3.48% 3.44% 3.39% 3.29% 3.32% 3.24% 3.05% 4Q'24 1Q'25 2Q'25 3Q'25 4Q'25 • Net interest income1 totaled
Slide 6: Noninterest Income
Noninterest Income ($ in millions) Noninterest income increased $4.8 million, or 20%, from the prior quarter to $28.6 million. Changes included: $28.6 Service charges on deposits totaled $6.5 million, an increase of $0.3 million, or 4%, from the prior quarter, reflecting the closing of the VBI acqui
Slide 7: Record Growth in Wealth Management
Record Growth in Wealth Management Assets Under Management End-of-Period ($ in millions) $2,808 Assets under management totaled $2.8 billion at December 31, 2025, increasing 37% year over year, including $189 million acquired VBI assets. $2,053 The wealth management division has continued its growth
Slide 8: Noninterest Expense
Noninterest Expense ($ in millions) Includes merger and Noninterest Expense integration costs of $18.1 million in 4Q’25 Adjusted Noninterest Expense1 and $10.8 million in $130.5 3Q’25 $112.4 $102.0 $85.3 $89.5 $89.3 $91.2 $85.6 $90.6 $91.7 64.0% 64.4% 63.4% 63.3% 60.2% 60.3% 60.0% 58.7% 57.6% 54.5%
Slide 9: Consistent Strong Loan Growth Supported by a Strong Pipeline
Consistent Strong Loan Growth Supported by a Strong Pipeline Loans outstanding increased by $1.7 billion from the prior quarter, including the addition of $1.2 billion from the VBI Total Loans End-of-Period ($ in millions) $12,628 acquisition. Excluding the impact of the VBI acquisition, organic loa
Slide 10: Loan Activity 4Q'25
Loan Activity 4Q’25 ($ in millions) $462 $12,628 $1,202 6% Seacoast's lending strategy results in a diverse and granular loan portfolio. Seacoast’s 16% average loan size is $435 thousand and the average commercial loan size is $942 15% annualized thousand. $10,964 organic loan 18% growth 6% Portfoli
Slide 11: Allowance for Credit Losses and Purchase Discount
Allowance for Credit Losses and Purchase Discount Loans Allowance for Credit % of Loans % of Loans ($ in millions) Outstanding Losses Outstanding Purchase Discount Outstanding Construction and Land Development $ 724 $ 10 1.38 % $ 4 0.55 % Owner Occupied Commercial Real Estate 2,044 17 0.83 20 0.98 C
Slide 12: Continued Strong Asset Quality Trends
Continued Strong Asset Quality Trends Net Charge-Offs Nonperforming Loans NCO/Average Loans NPL/Total Loans 1 Accruing Past Due / Total Loans 0.90% 0.68% 0.61% 0.57% 0.27% 0.55% 0.24% 0.12% 0.26% 0.09% 0.15% 0.16% 0.19% 0.13% 0.03% 4Q'24 1Q'25 2Q'25 3Q'25 4Q'25 4Q'24 1Q'25 2Q'25 3Q'25 4Q'25 Allowanc
Slide 13: Well-Managed Deposit Costs
Well-Managed Deposit Costs Deposits End-of-Period ($ in millions) Deposits increased $3.2 billion during the fourth quarter, including the addition of $3.5 billion from the VBI acquisition, partially offset by a $16,256 decline of $68.7 million in brokered deposits. Outflows were largely the result
Slide 14: Granular, Diverse and Relationship-Focused Customer Funding Base
Granular, Diverse and Relationship-Focused Customer Funding Base Deposits End-of-Period ($ in millions) $16,256 13% The Company benefits from a granular deposit franchise, with the top ten depositors representing 1% $13,090 approximately 3% of total deposits. $12,242 $12,575 $12,498 12% 11% 11% 11%
Slide 15: Robust Capital Position Supporting a Fortress Balance Sheet
Robust Capital Position Supporting a Fortress Balance Sheet Tangible Book Value Per Share Tangible Equity / Tangible Assets $17.61 $16.721 $17.19 9.6% 9.6% 9.8% 9.8% $16.71 9.3% $16.12 $15.14 4Q'24 1Q'25 2Q'25 3Q'25 4Q'25 4Q'24 1Q'25 2Q'25 3Q'25 4Q'25 Return on Tangible Equity Total Risk-Based and T
Slide 16: Investment Securities Performance and Composition
Investment Securities Performance and Composition $5,751 $5,165 Net unrealized losses in the AFS portfolio decreased during the fourth quarter by $18.5 million, driven by changes in long-term interest rates. $3,811 ($ in millions) $3,479 $3,253 $3,212 $2.5 billion in securities were added through th
Slide 17: Securities Repositioning Leverages Strong Capital Position
Securities Repositioning Leverages Strong Capital Position Strong capital levels with lower than projected dilution from l 15.8% the VBI acquisition provided the opportunity to further c a pita optimize the securities portfolio and accelerate our path to ed ion $2,170 r o ject cquisit stronger earni
Slide 18: 2026 Outlook
2026 Outlook ($ 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 - $2.52 Organic Loan Growth 9.4% High Single Digit Growth Orga
Slide 19: Appendix
Appendix FOURTH QUARTER 2025 EARNINGS PRESENTATION 19
Slide 20: Selected Acquisition-Related Impacts to Earnings
Selected Acquisition-Related Impacts to Earnings Quarterly Trend Annual Trend ($ 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 $ 18.4 $ 12.8 Amortization of intangibles 1
Slide 21: October 2025 Acquisition of Villages Bancorporation, Inc.
October 2025 Acquisition of Villages Bancorporation, Inc. ($ in millions) Allocation of Purchase Consideration (Preliminary) Loans Acquired (Preliminary) October 01, 2025 Book Balance Fair Value Assets: Cash and cash equivalents $ 166.8 Construction and land development $ 102.1 $ 98.8 Investment sec
Slide 22: Recognition
Recognition 3rd consecutive year 5th consecutive year 1st time winner 1st time winner 2nd consecutive year 6th consecutive year 1st time winner 3rd consecutive year FOURTH QUARTER 2025 EARNINGS PRESENTATION 22
Slide 23: Explanation of Certain Unaudited Non-GAAP Financial Measures
Explanation of Certain Unaudited Non-GAAP Financial Measures 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 adjus
Slide 24: GAAP to Non-GAAP Reconciliation
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 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) losse
Slide 25: GAAP to Non-GAAP Reconciliation
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 on unfunded commitments (0.8) (0.2) (
Slide 26: GAAP to Non-GAAP Reconciliation
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 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 (1,226.5)
Slide 27: GAAP to Non-GAAP Reconciliation
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 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) (39.0)
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