Seacoast Banking Corporation Q2 2025 Earnings Call Highlights: 6.4% Loan Growth, 3.35% Core NIM Target, and New Acquisition Integration

Seacoast Banking Corporation of Florida reported a 36% increase in net income in Q2 2025, driven by a 10 basis point expansion in net interest margin and robust loan growth. The company projects 6.4% annualized loan growth and targets a core net interest margin of 3.35% in 2025. Management is focusing on integrating new acquisitions and achieving these goals.

Seacoast Banking Corporation of Florida (SBCF) reported a significant 36% increase in net income for Q2 2025, driven by a 10 basis point expansion in net interest margin and robust loan growth. The company's net interest income reached $126.9 million, a 7% increase from the prior quarter, while net interest margin expanded to 3.58%. The company also reported annualized loan growth of 6.4%, with loan outstandings increasing by $854 million in the second quarter [2].

The company's Chairman and CEO, Charles Shaffer, highlighted the strong performance, stating, "Our performance in the second quarter showcases the strength and momentum of our franchise. The expansion in net interest margin is a direct result of the disciplined execution and strategic focus of the Seacoast team." The company's CFO, Tracey Dexter, noted that the company expects net interest income to continue to grow through the remainder of the year, with a core net interest margin of approximately 3.35% for 2025 [2].

Seacoast Banking also reported strong financial results, with adjusted net income of $44.5 million or $0.52 per share, up 39% from the prior quarter. The company's tangible book value per share reached $17.19, up 12% year-over-year. The Tier 1 capital ratio was 14.6% and tangible common equity to tangible assets was 9.75% [2].

The company's management expects continued mid- to high single-digit organic loan growth in the coming quarter and for the full year 2025. The company also plans to integrate two acquisitions, Heartland Bancshares and Villages Bank Corporation, which are expected to significantly enhance Seacoast's profitability profile [2].

In the latest earnings call, analysts expressed constructive but probing sentiments, focusing on growth sustainability, deposit costs, and competitive pressures. Management maintained a confident and upbeat tone, emphasizing strong results and reiterating guidance [2].

References:
[1] https://finance.yahoo.com/news/seacoast-banking-nasdaq-sbcf-surprises-204526232.html
[2] https://seekingalpha.com/news/4472494-seacoast-projects-6_4-percent-annualized-loan-growth-and-targets-3_35-percent-core-nim