Seacoast Banking Corporation Of Florida · NASDAQ:SBCF
Seacoast Banking Corporation Of Florida — Q3 2026 Earnings Presentation
27 slides from Seacoast Banking Corporation Of Florida's earnings presentation, Oct 27, 2026
Slide 1: Earnings Presentation Third Quarter 2026
EARNINGS PRESENTATION THIRD QUARTER 2026 2026
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 estimates (including with respect to our financial statements), as well as differences in, and changes to, economic
Slide 3: Valuable Footprint with Strong Capital and Liquidity
Valuable Footprint with Strong Capital and Liquidity • 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
Slide 4: Third Quarter 2026 Highlights
Third Quarter 2026 Highlights • Net income of $59.9 million, or $0.55 per share, • 13% annualized organic loan growth in the third increased 1% from the prior quarter and 64% from the quarter and 10% annualized growth year to date. prior year quarter. Adjusted net income1 of $71.8 million, or $0.66
Slide 5: Net Interest Income and Net Interest Margin
Net Interest Income and Net Interest Margin $182.2 $185.4 $176.2 $178.2 Net interest income1 totaled $185.4 million, an increase of $3.2 million, or 2%, from the prior quarter. $133.9 3.83% 3.83% 3.83% Net interest margin was stable at 3.83%. Excluding the effect of accretion on acquired loans, net
Slide 6: Noninterest Income
Noninterest Income ($ in millions) $31.6 $32.1 $28.6 $28.5 $27.8 $27.8 Noninterest income totaled $31.6 million, an increase of $3.8 $26.9 million, or 14%, from the prior quarter. Adjusted noninterest $23.8 $24.7 income1 increased $4.3 million, or 15%, from the prior quarter to $32.1 million. Change
Slide 7: Growth in Wealth Management
Growth in Wealth Management Assets Under Management End-of-Period ($ in millions) $3,184 $2,808 Assets under management totaled $3.2 billion at September 30, 2026, increasing 29% year-over- year. $2,053 $574 million in new organic assets under management year-to-date in 2026 driven by $1,711 both ne
Slide 8: Noninterest Expense
Noninterest Expense ($ in millions) Noninterest Expense Adjusted Noninterest Expense1 $133.3 $112.4 $113.6 $114.8 $117.8 $130.5 $123.1 $122.2 $91.2 $21,145 $21,360 $21,193 $102.0 $21,145 $21,360 $21,193 $20,842 $20,842 $16,677 $16,677 59.5% 58.5% 61.0% 57.6% 55.3% 54.5% 54.5% 53.9% 64.4% 63.4% 3Q'25
Slide 9: Disciplined Loan Growth Supported by a Strong Pipeline
Disciplined Loan Growth Supported by a Strong Pipeline Total Loans End-of-Period ($ in millions) Broad-based loan growth generated a net increase of $429 million in loans outstanding, a 13% annualized increase during the quarter. $13,574 Seacoast continues to benefit from the investments made $13,14
Slide 10: Loan Portfolio Mix
Loan Portfolio Mix At September 30, 2026 CRE-Retail, 11% Commercial & Financial, 19% Seacoast's lending strategy results in a diverse and granular loan portfolio. Seacoast’s average loan size is $478 thousand and the CRE-Industrial/Warehouse, 7% average commercial loan size is $1.1 million at Septem
Slide 11: Allowance for Credit Losses and Purchase Discount
Allowance for Credit Losses and Purchase Discount Loans Allowance for Credit % of Loans % of Loans ($ in millions) Outstanding Losses Outstanding Purchase Discount Outstanding Construction and Land Development $ 947 $ 9 0.95 % $ 1 0.11 % Owner Occupied Commercial Real Estate 2,177 24 1.10 12 0.55 Co
Slide 12: Continued Strong Asset Quality Trends
Continued Strong Asset Quality Trends Net Charge-Offs Nonperforming Loans NCO/Average Loans NPL/Total Loans Accruing Past Due / Total Loans 0.75% 0.66% 0.16% 0.55% 0.57% 0.54% 0.12% 0.11% 0.10% 0.26% 0.22% 0.19% 0.15% 0.20% 0.03% 3Q'25 4Q'25 1Q'26 2Q'26 3Q'26 3Q'25 4Q'25 1Q'26 2Q'26 3Q'26 Allowance
Slide 13: Well-Managed Deposit Costs
Well-Managed Deposit Costs Deposits End-of-Period ($ in millions) $16,638 $16,792 $16,580 $16,256 $13,090 Deposits were $16.6 billion as of September 30, 2026, compared to $16.8 billion as of June 30, 2026, with the decline including a $159.0 million decrease in brokered deposits and a $105.9 millio
Slide 14: Granular, Diverse and Relationship-Focused Customer Funding Base
Granular, Diverse and Relationship-Focused Customer Funding Base Deposits End-of-Period ($ in millions) The Company benefits from a granular deposit franchise, with the top ten depositors representing approximately 2% of total $16,638 $16,792 $16,580 $16,256 customer deposits. 12% 12% 12% 13% Custom
Slide 15: Investment Securities Performance and Composition
Investment Securities Performance and Composition $5,751 $5,739 $5,645 Portfolio yields increased five basis points to 4.52% from $5,165 $5,069 $5,175 $5,187 4.47% in the prior quarter. $4,634 Net unrealized losses in the available-for-sale portfolio $3,811 increased $237.0 million during the third
Slide 16: Robust Capital Position Supporting a Fortress Balance Sheet
Robust Capital Position Supporting a Fortress Balance Sheet Tangible Book Value Per Share (TBV/share) $1.63 impact Tangible Equity / Tangible Assets from market $17.25 1 decline in AFS Tangible Common Equity to Tangible Assets Tangible Equity to Tangible Assets 16.721 16.901 securities. $17.61 9.3%
Slide 17: Change in Tangible Book Value Per Share
Change in Tangible Book Value Per Share $0.66 Tangible book value per share, treating all $17.25 convertible preferred shares as common, was $(0.16) $15.96 as of September 30, 2026, compared to $(0.22) $17.25 as of June 30, 2026. $0.06 $15.96 $(1.63) Declines in accumulated other comprehensive incom
Slide 18: 4Q and Full Year 2026 Outlook
4Q and Full Year 2026 Outlook ($ 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 Loan Growth 9.4% High Single
Slide 19: Appendix
Appendix THIRD QUARTER 2026 EARNINGS PRESENTATION 19
Slide 20: Selected Acquisition-Related Impacts to Earnings
Selected Acquisition-Related Impacts to Earnings • The positive impact of acquisition-related fair value marks on loans is largely offset by expense associated with amortization of intangibles, resulting in a nominal net effect on earnings. • Accretion on acquired loans of $8.5 million, net of amort
Slide 21: Recognition
Recognition 4th consecutive year 6th consecutive year 2nd consecutive year 2nd consecutive year 4th consecutive year 2nd consecutive year 1st time winner THIRD QUARTER 2026 EARNINGS PRESENTATION 21
Slide 22: 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 23: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation Quarterly Trend Nine Months Ended (Amounts in millions except per share data) 3Q'26 2Q'26 1Q'26 4Q'25 3Q'25 3Q'26 3Q'25 Net Income $ 59.9 $ 59.5 $ 31.9 $ 34.3 $ 36.5 $ 151.3 $ 110.6 Total noninterest income (loss) 31.6 27.8 (12.6) 28.6 23.8 46.8 70.5 Securities losses
Slide 24: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation Quarterly Trend Nine Months Ended (Amounts in millions except per share data) 3Q'26 2Q'26 1Q'26 4Q'25 3Q'25 3Q'26 3Q'25 Adjusted noninterest expense $ 117.8 $ 114.8 $ 113.6 $ 112.4 $ 91.2 $ 346.2 $ 270.0 Provision for credit losses on unfunded commitments (0.2) (0.2)
Slide 25: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation Quarterly Trend Nine Months Ended (Amounts in millions except per share data) 3Q'26 2Q'26 1Q'26 4Q'25 3Q'25 3Q'26 3Q'25 Average assets $ 21,307.1 $ 21,125.8 $ 20,924.9 $ 21,203.4 $ 16,486.0 $ 21,120.7 $ 15,898.3 Less average goodwill and intangible assets (1,209.0) (1
Slide 26: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation Quarterly Trend Nine Months Ended (Amounts in millions except per share data) 3Q'26 2Q'26 1Q'26 4Q'25 3Q'25 3Q'26 3Q'25 Loan interest income1 $ 198.1 $ 188.7 $ 186.2 $ 187.9 $ 162.3 $ 573.0 $ 470.8 Accretion on acquired loans (8.5) (8.9) (12.1) (10.6) (9.5) (29.5) (28
Slide 27: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation Quarterly Trend Nine Months Ended (Amounts in millions except per share data) 3Q'26 2Q'26 1Q'26 4Q'25 3Q'25 3Q'26 3Q'25 Total shareholders’ equity $ 2,595.7 $ 2,730.8 $ 2,717.7 $ 2,712.7 $ 2,378.1 $ 2,595.7 $ 2,378.1 Goodwill (1,045.0) (1,035.0) (1,035.0) (1,034.7) (7
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