Seacoast Banking Corporation Of Florida · NASDAQ:SBCF
Seacoast Banking Corporation Of Florida — Q2 2026 Earnings Presentation
26 slides from Seacoast Banking Corporation Of Florida's earnings presentation, Jul 29, 2026
Slide 1: Earnings Presentation Second Quarter 2026
EARNINGS PRESENTATION SECOND 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: Second Quarter 2026 Highlights
Second Quarter 2026 Highlights • Net income of $59.5 million, or $0.55 per diluted • Net interest income grew 2% from the prior share, increased 87% from the prior quarter and quarter and 42% from the prior year quarter. 39% from the prior year quarter. Adjusted net income1 was $65.8 million, or $0.
Slide 5: Net Interest Income and Net Interest Margin
Net Interest Income and Net Interest Margin $176.2 $178.2 $182.2 Net interest income1 totaled $182.2 million, an increase of $4.0 million, or 2%, from the prior quarter. $133.9 Net interest margin was stable at 3.83%. Excluding the effect of accretion on acquired $127.3 3.83% 3.83% loans, the core n
Slide 6: Noninterest Income
Noninterest Income ($ in millions) Noninterest income increased to $27.8 million. Adjusted noninterest income increased $0.9 million, or 3%, from the prior quarter to $27.8 million. Changes $28.6 $28.5 included: $26.9 $27.8 $27.8 $24.5 $24.5 $23.8 $24.7 Service charges on deposits totaled $7.0 milli
Slide 7: Growth in Wealth Management
Growth in Wealth Management Assets Under Management End-of-Period ($ in millions) $3,216 $2,808 Assets under management totaled $3.2 billion at June 30, 2026, increasing 45% year-over-year. $2,053 $388 million in new organic assets under management year-to-date in 2026 driven by $1,711 both new and
Slide 8: Noninterest Expense
Noninterest Expense ($ in millions) Noninterest Expense Adjusted Noninterest Expense1 $130.5 $112.4 $113.6 $114.8 $122.2 $123.1 $91.2 $21,145 $21,360 $102.0 $21,145 $21,360 $89.3 $20,842 $91.7 $20,842 $16,677 $16,677 $15,945 $15,945 63.4% 59.5% 58.5% 58.7% 57.6% 54.5% 55.3% 54.5% 64.4% 60.3% 2Q'25 3
Slide 9: Disciplined Loan Growth Supported by a Strong Pipeline
Disciplined Loan Growth Supported by a Strong Pipeline Broad-based loan growth generated a net increase of $504.0 million in loans outstanding - a 16.0% annualized increase during Total Loans End-of-Period ($ in millions) the quarter. $13,145 $12,628 $12,641 Seacoast continues to benefit from the in
Slide 10: Loan Portfolio Mix
Loan Portfolio Mix At June 30, 2026 Consumer, 1% CRE-Retail, 11% Seacoast's lending strategy results in a diverse and granular loan portfolio. Seacoast’s average loan size is $459 thousand and the CRE-Office, 4% average commercial loan size is $1.0 million at Residential, 25% June 30, 2026. CRE-Mult
Slide 11: Allowance for Credit Losses and Purchase Discount
Allowance for Credit Losses and Purchase Discount Loans Allowance for Credit % of Loans % of Loans ($ in millions) Outstanding Losses Outstanding Purchase Discount Outstanding Construction and Land Development $ 857 $ 9 1.05 % $ 1 0.12 % Owner Occupied Commercial Real Estate 2,122 23 1.08 13 0.61 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% 0.61% 0.57% 0.55% 0.12% 0.11% 0.09% 0.10% 0.26% 0.22% 0.19% 0.15% 0.03% 0.13% 2Q'25 3Q'25 4Q'25 1Q'26 2Q'26 2Q'25 3Q'25 4Q'25 1Q'26 2Q'26 Allowance
Slide 13: Well-Managed Deposit Costs
Well-Managed Deposit Costs Deposits End-of-Period ($ in millions) $16,638 $16,792 $16,256 Deposits increased $154.3 million, or 3.7% annualized, during the second $13,090 quarter of 2026. $12,498 Continued focus on organic growth and relationship-based funding. The 4.50% 4.25% addition of commercial
Slide 14: Granular, Diverse and Relationship-Focused Customer Funding Base
Granular, Diverse and Relationship-Focused Customer Funding Base Deposits End-of-Period ($ in millions) The Company benefits from a granular deposit franchise, with the top ten depositors representing approximately 2% of total customer deposits. $16,638 $16,792 $16,256 12% Customer transaction accou
Slide 15: Investment Securities Performance and Composition
Investment Securities Performance and Composition $5,751 $5,739 Net unrealized losses in the AFS portfolio increased $5,645 during the second quarter of 2026 by $7.5 million, $5,165 $5,069 $5,175 driven by an increase in interest rates during the period. $3,811 Portfolio yields increased 10 basis po
Slide 16: 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 $17.251 Tangible Common Equity to Tangible Assets Tangible Equity to Tangible Assets $17.61 16.72 1 $16.901 $17.19 9.3% 9.2% 9.3% 9.8% 9.8% $15.71 7.6% 7.5% $15.33 7.5% $15.14
Slide 17: 2026 Outlook
2026 Outlook ($ 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 Digit Growth Orga
Slide 18: Appendix
Appendix SECOND QUARTER 2026 EARNINGS PRESENTATION 18
Slide 19: 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 $8.9 million, net of amort
Slide 20: Recognition
Recognition 5th consecutive year 3rd consecutive year 4th consecutive year 1st time winner 2nd consecutive year 6th consecutive year 2nd consecutive year SECOND QUARTER 2026 EARNINGS PRESENTATION 20
Slide 21: 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 22: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation Quarterly Trend Six Months Ended (Amounts in millions except per share data) 2Q'26 1Q'26 4Q'25 3Q'25 2Q'25 2Q'26 2Q'25 Net Income $ 59.5 $ 31.9 $ 34.3 $ 36.5 $ 42.7 $ 91.4 $ 74.2 Total noninterest income (loss) 27.8 (12.6) 28.6 23.8 24.5 15.2 46.7 Securities losses (g
Slide 23: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation Quarterly Trend Six Months Ended (Amounts in millions except per share data) 2Q'26 1Q'26 4Q'25 3Q'25 2Q'25 2Q'26 2Q'25 Adjusted Noninterest Expense $ 114.8 $ 113.6 $ 112.4 $ 91.2 $ 89.3 $ 228.4 $ 178.9 Provision for credit losses on unfunded commitments (0.2) (0.2) (0
Slide 24: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation Quarterly Trend Six Months Ended (Amounts in millions except per share data) 2Q'26 1Q'26 4Q'25 3Q'25 2Q'25 2Q'26 2Q'25 Average Assets $ 21,125.8 $ 20,924.9 $ 21,203.4 $ 16,486.0 $ 15,801.2 $ 21,025.9 $ 15,599.5 Less average goodwill and intangible assets (1,214.8) (1,
Slide 25: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation Quarterly Trend Six Months Ended (Amounts in millions except per share data) 2Q'26 1Q'26 4Q'25 3Q'25 2Q'25 2Q'26 2Q'25 Loan Interest Income1 $ 188.7 $ 186.2 $ 187.9 $ 162.3 $ 157.5 $ 374.9 $ 308.5 Accretion on acquired loans (8.9) (12.1) (10.6) (9.5) (10.6) (21.0) (18
Slide 26: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation Quarterly Trend Six Months Ended (Amounts in millions except per share data) 2Q'26 1Q'26 4Q'25 3Q'25 2Q'25 2Q'26 2Q'25 Total Shareholders’ Equity $ 2,730.8 $ 2,717.7 $ 2,712.7 $ 2,378.1 $ 2,271.6 $ 2,730.8 $ 2,271.6 Goodwill (1,035.0) (1,035.0) (1,034.7) (754.6) (732.
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