Seacoast Banking Corporation Of Florida · NASDAQ:SBCF
Seacoast Banking Corporation Of Florida — Seacoast Banking Corp of Florida — Investor Presentation (May 2026)
34 slides from Seacoast Banking Corporation Of Florida's investor presentation, May 13, 2026
Slide 1: Investor Presentation May 2026
INVESTOR PRESENTATION MAY 2026 2026
Slide 2: Cautionary Notice Regarding Forward-Looking Statements
2MAY 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, as ame
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
5MAY 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 Pro.
Slide 6: Acquisition of Villages Bancorporation, Holding Company of Citizens First Bank
6MAY 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, establi
Slide 7: A Strategically Compelling Acquisition with Granular Core Deposits
7MAY 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 March 31, 2026 Source: S&P Capital IQ Pro •
Slide 8: Strategic Priorities
AGENDA STRATEGIC PRIORITIES
Slide 9: Executing Our Balanced Growth Strategy
9MAY 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 product expansion
Slide 10: 2026 Outlook
10MAY 2026 INVESTOR PRESENTATION 2026 Outlook ($ in millions except per share data) 2025 Actual Previous 2026 Outlook Current 2026 Outlook Adjusted Revenue (fully taxable equivalent basis) $ 656 29% - 31% Growth 28% - 31% Growth Adjusted Efficiency Ratio 58 % 53% - 55% 53% - 55% Adjusted Earnings Pe
Slide 11: Company Performance
AGENDA COMPANY PERFORMANCE
Slide 12: Valuable Footprint with Strong Capital and Liquidity
12MAY 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 Palm Beach, Highlands, and 10 other counties ▪ #1 overa
Slide 13: First Quarter 2026 Highlights
13MAY 2026 INVESTOR PRESENTATION • Net income of $31.9 million, or $0.29 per diluted share, included a $39.5 million loss from a strategic repositioning of AFS securities, which contributed to the 24 basis point increase in yield on securities during the quarter. • Adjusted net income1 of $67.8 mill
Slide 14: Net Interest Income and Net Interest Margin
14MAY 2026 INVESTOR PRESENTATION Net Interest Income and Net Interest Margin ($ in m ill io ns ) $118.9 $127.3 $133.9 $176.2 $178.2 3.48% 3.58% 3.57% 3.66% 3.83% 3.24% 3.29% 3.32% 3.44% 3.57% Net Interest Income Net Interest Margin NIM, excluding accretion on acquired loans 1Q'25 2Q'25 3Q'25 4Q'25 1
Slide 15: Noninterest Income
15MAY 2026 INVESTOR PRESENTATION Noninterest loss of $12.6 million included $39.5 million of securities losses. Adjusted noninterest income decreased $1.6 million, or 6%, from the prior quarter to $26.9 million. Changes included: Service charges on deposits totaled $6.9 million, an increase of $0.4
Slide 16: Growth in Wealth Management
16MAY 2026 INVESTOR PRESENTATION $1,387 $1,711 $2,053 $2,808 $2,823 2022 2023 2024 2025 1Q’26 Growth in Wealth Management Assets under management totaled $2.8 billion at March 31, 2026, increasing 33% year-over-year. The wealth management division has continued its growth trajectory, adding $125 mil
Slide 17: Noninterest Expense and Efficiency Ratio
17MAY 2026 INVESTOR PRESENTATION $89.5 $89.3 $91.2 $112.4 $113.6 63.3% 58.7% 57.6% 54.5% 55.3% Adjusted noninterest expense Adjusted Efficiency Ratio 1Q'25 2Q'25 3Q'25 4Q'25 1Q'26 Noninterest Expense • Salaries and employee benefits totaled $62.6 million, an increase of $0.2 million, from the prior
Slide 18: Disciplined Loan Growth Supported by a Strong Pipeline
18MAY 2026 INVESTOR PRESENTATION $10,443 $10,609 $10,964 $12,628 $12,641 5.90% 5.98% 5.96% 6.02% 5.96% 5.58% 5.58% 5.61% 5.68% 5.57% Yield Excluding Accretion on Acquired Loans Reported Yield Total Loans 1Q'25 2Q'25 3Q'25 4Q'25 1Q'26 $904.1 $861.2 $1,134.1 $947.9 $1,045.0 1Q'25 2Q'25 3Q'25 4Q'25 1Q'
Slide 19: Loan Portfolio Mix
19MAY 2026 INVESTOR PRESENTATION CRE-Retail, 11% CRE-Office, 4% CRE-Multifamily 5+, 4% CRE-Hotel/Motel, 2% CRE-Industrial/Warehouse, 6% CRE-Other, 5% OOCRE, 16% Construction & Land Development, 6% Commercial & Financial, 19% Residential, 25% Consumer, 2% At March 31, 2026 Loan Portfolio Mix Seacoast
Slide 20: Allowance for Credit Losses and Purchase Discount
20MAY 2026 INVESTOR PRESENTATION Allowance for Credit Losses and Purchase Discount ($ in millions) Loans Outstanding Allowance for Credit Losses % of Loans Outstanding Purchase Discount % of Loans Outstanding Construction and Land Development $ 745 $ 9 1.21 % $ 3 0.40 % Owner Occupied Commercial Rea
Slide 21: Continued Strong Asset Quality Trends
21MAY 2026 INVESTOR PRESENTATION 0.27% 0.09% 0.12% 0.03% 0.11% NCO/Average Loans 1Q'25 2Q'25 3Q'25 4Q'25 1Q'26 1.34% 1.34% 1.34% 1.42% 1.39% ACL/Total Loans 1Q'25 2Q'25 3Q'25 4Q'25 1Q'26 Continued Strong Asset Quality Trends Nonperforming Loans 0.68% 0.61% 0.55% 0.57% 0.75% 0.16% 0.13% 0.19% 0.26% 0
Slide 22: Well-Managed Deposit Costs
22MAY 2026 INVESTOR PRESENTATION Well-Managed Deposit Costs Deposits increased $381.6 million, or 9.5% annualized, during the first quarter of 2026. Excluding brokered deposits, organic deposit growth was 7% annualized. Growth in noninterest-bearing deposits was 29% annualized. Continued focus on or
Slide 23: Granular, Diverse and Relationship-Focused Customer Funding Base
23MAY 2026 INVESTOR PRESENTATION Deposits End-of-Period ($ in millions) $12,575 $12,498 $13,090 $16,256 $16,638 Transaction Accounts Savings Money Market Brokered Time Deposits 1Q'25 2Q'25 3Q'25 4Q'25 1Q'26 Granular, Diverse and Relationship-Focused Customer Funding Base The Company benefits from a
Slide 24: Investment Securities Performance and Composition
24MAY 2026 INVESTOR PRESENTATION Investment Securities Performance and Composition Net unrealized losses in the AFS portfolio increased during the first quarter of 2026 by $2.5 million, driven by rate volatility during the period. During the first quarter of 2026, the Company repositioned a portion
Slide 25: Capital and Returns
25MAY 2026 INVESTOR PRESENTATION $16.71 $17.19 $17.61 $15.14 $15.33 1Q'25 2Q'25 3Q'25 4Q'25 1Q'26 9.6% 9.8% 9.8% 9.3% 9.2% 1Q'25 2Q'25 3Q'25 4Q'25 1Q'26 16.1% 16.1% 15.9% 15.9% 16.0% 14.7% 14.6% 14.5% 14.5% 14.6% Total Risk Based Capital Tier 1 Ratio 1Q'25 2Q'25 3Q'25 4Q'25 1Q'26 10.2% 12.8% 10.7% 9
Slide 26: Appendix
26MAY 2026 INVESTOR PRESENTATION Appendix
Slide 27: Selected Acquisition-Related Impacts to Earnings
27MAY 2026 INVESTOR PRESENTATION Selected Acquisition-Related Impacts to Earnings Quarterly Trend ($ in millions, except per share amounts) 1Q'26 4Q'25 3Q'25 2Q'25 1Q'25 Accretion on acquired loans $ 12.1 $ 10.6 $ 9.5 $ 10.6 $ 8.2 Amortization of intangibles 10.1 10.4 6.0 5.1 5.3 Accretion on acquir
Slide 28: Recognition
28MAY 2026 INVESTOR PRESENTATION Recognition 3rd consecutive year 4th consecutive year 2nd consecutive year 6th consecutive year 5th consecutive year 1st time winner 1st time winner
Slide 29: About Non-GAAP Financial Measures
29MAY 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 inclu
Slide 30: Quarterly Trend
30MAY 2026 INVESTOR PRESENTATION Quarterly Trend (Amounts in millions except per share data) 1Q'26 4Q'25 3Q'25 2Q'25 1Q'25 Net Income $ 31.9 $ 34.3 $ 36.5 $ 42.7 $ 31.5 Total noninterest (loss) income (12.6) 28.6 23.8 24.5 22.2 Securities losses (gains), net 39.5 (0.1) 0.8 — (0.2) Total Adjusted Non
Slide 31: GAAP to Non-GAAP Reconciliation
31MAY 2026 INVESTOR PRESENTATION GAAP to Non-GAAP Reconciliation Quarterly Trend (Amounts in millions except per share data) 1Q'26 4Q'25 3Q'25 2Q'25 1Q'25 Adjusted Noninterest Expense $ 113.6 $ 112.4 $ 91.2 $ 89.3 $ 89.5 Provision for credit losses on unfunded commitments (0.2) (0.8) (0.2) (0.2) (0.
Slide 32: Quarterly Trend
32MAY 2026 INVESTOR PRESENTATION Quarterly Trend (Amounts in millions except per share data) 1Q'26 4Q'25 3Q'25 2Q'25 1Q'25 Average Assets $ 20,924.9 $ 21,203.4 $ 16,486.0 $ 15,801.2 $ 15,395.6 Less average goodwill and intangible assets (1,225.6) (1,226.5) (827.3) (796.4) (801.7) Average Tangible As
Slide 33: Quarterly Trend
33MAY 2026 INVESTOR PRESENTATION Quarterly Trend (Amounts in millions except per share data) 1Q'26 4Q'25 3Q'25 2Q'25 1Q'25 Loan Interest Income1 $ 186.2 $ 187.9 $ 162.3 $ 157.5 $ 151.0 Accretion on acquired loans (12.1) (10.6) (9.5) (10.6) (8.2) Loan interest income excluding accretion on acquired l
Slide 34: Quarterly Trend
34MAY 2026 INVESTOR PRESENTATION Quarterly Trend (Amounts in millions except per share data) 1Q'26 4Q'25 3Q'25 2Q'25 1Q'25 Total Shareholders’ Equity $ 2,717.7 $ 2,712.7 $ 2,378.1 $ 2,271.6 $ 2,229.7 Goodwill (1,035.0) (1,034.7) (754.6) (732.4) (732.4) Other intangible assets, net (185.0) (195.7) (7
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