Seacoast Banking Corporation of Florida (SBCF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to SECOS Banking Corporation's 4th Quarter and Full Year 2025 Earnings Conference Call. My name is Mark, and I will be your operator. Before we begin, I have been asked to direct your attention to the statements at the end of the company's press release regarding forward-looking statements. SECOS will be discussing issues that constitute forward-looking statements within the meaning of the Securities and Exchange Act, and its comments today are intended to be covered within the meaning of the Act. Please note that this conference is being recorded. I will now turn the call over to Chuck Schaefer, chairman and CEO of Seacoast Bank. Mr. Schaefer, you may begin. All right. Thank you, Mark, and good morning, everyone. As we move through today's presentations, we'll reference the fourth quarter and full year earnings slide deck available at seacoastbanking.com. Joining me today are Tracy Dexter, our chief financial officer, Michael Young, our chief strategy officer, and James Stallings, our chief credit officer. The Seacoast team delivered another exceptional quarter highlighted by the closing of the Villages acquisition, and strong growth in loans. Loan outstandings grew at an annualized rate of 15%, driven by the continued success of our commercial banking team and the additional mortgage volume contributed by the Villages acquisition. The addition of the Villages mortgage team expands our optionality for future portfolio decisions. The residential loans we added this quarter were very high-quality credits with high FICOs, strong yields, and generally shorter expected lives than traditional mortgage products, given the unique characteristics of this borrower base. We also continue to see meaningful improvements in non-interest income, with stronger performance a...