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Seacoast Banking Corporation of Florida

Seacoast Banking Corporation of Florida

NASDAQ•SBCF
CEO: Mr. Charles M. Shaffer CPA
Sector: Financial Services
Industry: Banks - Regional
Listing Date: 1984-02-02
Seacoast Banking Corporation of Florida operates as the bank holding company for Seacoast National Bank that provides integrated financial services to retail and commercial customers in Florida. The company offers noninterest and interest-bearing demand deposit, money market, savings, and customer sweep accounts; time certificates of deposit; construction and land development, commercial and residential real estate, and commercial and financial loans; and consumer loans, including installment loans and revolving lines, as well as loans for automobiles, boats, and personal and family purposes. It also provides wealth management, mortgage, and insurance services through online and mobile banking solutions, as well as brokerage and annuity services. Seacoast Banking Corporation of Florida was founded in 1926 and is headquartered in Stuart, Florida.
Contact Information
815 Colorado Avenue, Stuart, FL, 34994, United States
772-287-4000
www.seacoastbanking.com
Market Cap
$2.75B
P/E (TTM)
19.4
15.3
Dividend Yield
2.3%
52W High
$33.57
52W Low
$21.36
52W Range
90%
Rank40Top 42.0%
4.1
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.1 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$226.53M+9.02%
4-Quarter Trend

EPS

$0.42+16.67%
4-Quarter Trend

FCF

$27.70M-47.16%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

NII and NIM Expansion Q3 Net Interest Income grew 25% YoY to $133.5M; FTE NIM expanded 40 basis points to 3.57% driven by strong loan growth.
Strong GAAP Earnings Growth GAAP Net Income for nine months reached $110.6M, marking a 27% increase compared to the prior year period.
Balance Sheet Expansion Total assets grew 10% since year-end 2024 to $16.7B, supported by net loan growth of 6.4% to $10.8B.
Robust Capital Position Consolidated CET1 ratio remains strong at 13.87%, well exceeding regulatory minimums following recent acquisitions.

Risk Factors

Credit Quality Coverage Stable ACL coverage ratio remained flat at 1.34% of loans, though total provision expense increased to $22.0M for the nine months.
Interest Rate Shock Exposure EVE analysis projects potential 18.3% decline in Economic Value of Equity under a severe 300 basis point parallel rate shock.
Merger Integration Costs Q3 included $10.8M in merger-related charges; full integration of Heartland and VBI acquisitions is expected through Q3 2026.
Nonaccrual Loan Levels Nonaccrual loans totaled $60.6M, a 34% decrease from year-end 2024, with CRE concentration remaining a key focus area.

Outlook

Acquisition Accretion Expected Heartland acquisition is expected to be accretive to earnings beginning in 2026; VBI integration activities continue into 2026.
Deposit Cost Management Cost of deposits decreased significantly year-over-year, aiding NIM expansion despite ongoing interest rate environment uncertainty.
Strong Loan Pipeline Commercial and CRE pipeline stands at $1.1B as of September 30, 2025, reflecting 32% growth from June 30, 2025.
Subsequent Debt Redemption Company redeemed $12.5M in senior debt in October 2025, which will result in interest expense recognition in Q4 2025.

Peer Comparison

Revenue (TTM)

BankUnited, Inc.BKU
$2.16B
+6.5%
Banc of California, Inc.BANC
$1.80B
-28.6%
WesBanco, Inc.WSBC
$1.30B
+41.6%

Gross Margin (Latest Quarter)

Community Financial System, Inc.CBU
78.7%
+3.2pp
CVB Financial Corp.CVBF
77.9%
+8.2pp
Bank of Hawaii CorporationBOH
70.5%
+10.6pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
BKU$3.34B12.49.0%6.8%
WSBC$3.25B16.75.0%6.3%
CBU$3.21B15.711.3%0.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
3.7%
Moderate Growth
4Q Net Income CAGR
2.3%
Profitability Slowly Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Jan 26, 2026
|
EPS:$0.46
|
Revenue:$201.25M
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 5, 2025|
    Revenue: $226.53M+9.0%
    |
    EPS: $0.42+16.7%
    Miss

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 8, 2025|
    Revenue: $217.87M+7.9%
    |
    EPS: $0.50+38.9%
    Beat

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 7, 2025|
    Revenue: $206.44M+5.2%
    |
    EPS: $0.37+19.4%
    Miss

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 25, 2025|
    Revenue: $808.99M+5.3%
    |
    EPS: $1.43+15.3%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 6, 2024|
    Revenue: $207.79M+5.1%
    |
    EPS: $0.36-2.7%
    Meet

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 7, 2024|
    Revenue: $201.99M+3.1%
    |
    EPS: $0.36-2.7%
    Beat

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 8, 2024|
    Revenue: $196.20M+8.7%
    |
    EPS: $0.31+106.7%
    Miss

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 27, 2024|
    Revenue: $768.13M+72.0%
    |
    EPS: $1.24-25.7%
    Beat