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What is Seacoast Banking's gross profit margin?

Did Seacoast Banking beat or miss consensus estimates last quarter?

What is the revenue and EPS growth rate for Seacoast Banking year over year?

What is the market's earnings forecast for Seacoast Banking next quarter?

What factors drove the changes in Seacoast Banking's revenue and profit?

- **Record Growth**: 15% annualized loan growth driven by commercial success and Villages acquisition, with 2026 EPS guidance of $2.48-$2.52.
- **Margin Expansion**: NIM up 12 bps to 3.44%, supported by lower deposit costs and strategic securities repositioning.
- **Strategic Hiring**: 15% banker growth in 2026 to fuel future expansion, with efficiency ratio targeting 53-55%.
- **Capital Strength**: Tier 1 capital ratio of 14.4% and tangible equity to assets at 9.3%, with excess capital deployed into high-yield assets.
- **Market Resilience**: Florida housing mixed but resilient, with strong demand in Southeast Florida offsetting oversupply in West Coast markets.

**【CEO Summary Section】**
- Delivered exceptional Q4 2025 results with loan outstandings growing at a 15% annualized rate, driven by commercial banking success and the Villages acquisition.
- ROA for the quarter was 0.22%, with a target of 1.30% by Q4 2026 post-Villages technology conversion.
- Full-year 2025 EPS guidance for 2026 is $2.48-$2.52, reflecting strong return profile and capital deployment.
- Emphasized disciplined credit culture with charge-offs at 3 basis points annualized and CRE/CLD loans below regulatory limits.
- Opened 5 de novo branches in 2025, expanding market presence in Atlanta and Florida.

**【CFO Financial Commentary】**
- Adjusted net income rose 18% YoY to $47.7 million, excluding merger-related charges.
- Net interest margin (NIM) expanded 12 bps to 3.44%, benefiting from lower deposit costs and loan growth.
- Noninterest income increased 20% QoQ, driven by wealth management (AUM up 37% YoY) and mortgage banking.
- Efficiency ratio improved to 54.5%, with plans to increase banker count by 15% in 2026.
- Capital position remains strong with Tier 1 capital ratio at 14.4% and tangible equity to assets at 9.3%.

**【Q&A Key Highlights】**
- **Efficiency Ratio & Hiring**: 2026 guidance of 53-55% efficiency ratio reflects 15% banker hiring, with full benefits realized in 2027-2028. Villages acquisition reduced earn-back period due to higher-than-expected tangible equity.
- **Loan Growth Drivers**: 15% annualized loan growth split between legacy Seacoast (10%), Villages (2-3%), and slower paydowns (1-2%).
- **Capital Deployment**: Sold $1.5B of low-yield securities to redeploy into higher-yielding assets, improving NIM and reducing unrealized losses.
- **Florida Housing Market**: Mixed performance with strength in Southeast Florida (Miami-Dade, Palm Beach) and weakness in Fort Myers/Cape Coral due to oversupply.
- **Mortgage Strategy**: Retained more Villages mortgage production on balance sheet due to high-quality borrowers, balancing NII and fee income.
- **Credit Outlook**: Conservative approach to Villages loans with 2% allowance coverage, and $329M in unrecognized discounts to cover potential losses.

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

- **Record Growth**: 8% organic loan growth and $258 million AUM added in Q3, with Villages acquisition adding $4 billion in assets.
- **Margin Expansion**: Core net interest margin target of 3.45% by year-end, driven by low-cost deposits and reduced accretion.
- **Strategic Acquisitions**: Seamless integration of Villages, expected to enhance liquidity and profitability in 2026.
- **Risk Management**: Strong asset quality with nonperforming loans at 0.55% and disciplined underwriting.

**【CEO Summary Section】**
- **Revenue Growth**: Organic loan growth of 8% annualized, driven by commercial and CRE lending, with a record pipeline of $1.2 billion.
- **Wealth Management**: Added $258 million in AUM in Q3, highest quarterly result, and $473 million year-to-date, with a 24% YoY increase in AUM.
- **Acquisition Impact**: Completed Villages acquisition in October, adding $4 billion in assets and 19 branches, with integration expected in Q3 2026.
- **Asset Quality**: Nonperforming loans declined by $3.6 million, and net charge-offs were $3.2 million, reflecting disciplined underwriting.

**【CFO Financial Commentary】**
- **Net Income**: Adjusted net income of $45.2 million, up 48% YoY, with net interest income of $133.5 million, a 5% QoQ increase.
- **Margin**: Core net interest margin of 3.32% (excluding accretion), with a 3 basis point expansion QoQ, targeting 3.45% by year-end.
- **Noninterest Income**: $24.7 million, up 5% YoY, driven by treasury management fees and wealth management growth.
- **Expenses**: Adjusted expenses of $102 million, including $10.8 million in merger costs, with an efficiency ratio of 53.8%.

**【Q&A Highlights】**
- **Growth Strategy**: High single-digit loan growth expected in 2026, with focus on organic expansion and talent acquisition.
- **Margin Expansion**: Anticipated 10 basis points improvement from Villages' low-cost deposits and reduced wholesale funding costs.
- **Competitive Environment**: Tight credit spreads in CRE and C&amp;I, but selective lending to maintain margins.
- **Regulatory Impact**: Stable insurance costs in Florida, with new entrants and reforms easing premiums for new properties.

Seacoast Banking Corporation of Florida (SBCF) Q3 2025 Earnings Call Transcript

- **Revenue Growth**: 36% YoY net income increase, driven by 10 bps NIM expansion and 6.4% loan growth.
- **Strategic Acquisitions**: $4.1B Villages Bank deal to enhance profitability, with 10 bps margin uplift.
- **Efficiency Improvement**: Efficiency ratio 55.4%, up from 59.5% Q1, reflecting cost control.
- **Credit Stability**: NPLs at 0.61%, with stable criticized loans at 2.39%.
- **Deposit Management**: Deposit costs down 13 bps to 1.8%, with core DDA growth driving margin.

**【Management Opening Remarks】**
- **Exceptional Q2 Results**: Net income increased 36% YoY, driven by a 10 basis point expansion in net interest margin (NIM) and 6.4% annualized loan growth. Non-GAAP EPS was $0.52, up 39% sequentially.
- **Strategic Acquisitions**: Completed Heartland Bancshares acquisition ($777M in assets) and on track to close Villages Bank ($4.1B in assets) by Q4. These add high-quality deposit bases and enhance profitability.
- **Credit Strength**: Nonperforming loans (NPLs) at 0.61% of total loans, with net charge-offs of $2.5M. Criticized loans stable at 2.39%.
- **Talent-Driven Growth**: 6.4% loan growth fueled by top talent recruited from larger banks, with a strong $921M pipeline.

**【CFO Financial Commentary】**
- **Profitability Metrics**: Return on assets (ROA) 1.08%, return on tangible common equity (ROTE) 12.8%, and efficiency ratio 55.4% (excluding merger costs).
- **NIM Expansion**: Core NIM of 3.35% expected for 2025, with 10 basis points from acquisitions. Deposit costs declined 13 bps to 1.8%.
- **Noninterest Income**: $24.5M (excluding securities), up 10% YoY, driven by wealth management and treasury services.
- **Capital Strength**: Tangible book value per share $17.19 (12% YoY growth), Tier 1 capital ratio 14.6%, and 9.75% tangible common equity to assets.

**【Q&A Highlights】**
- **Growth Drivers**: Mid-single-digit loan growth outlook (6.4% annualized) supported by talent recruitment and strong economic conditions. Competitive landscape intensifying, but disciplined underwriting maintains margins.
- **Deposit Cost Management**: Deposit beta expected to normalize to low 30s post-Fed cuts. Core DDA growth and reduced high-rate deposits drive margin expansion.
- **Balance Sheet Optimization**: Villages acquisition to boost loan-to-deposit ratio to 80-85%, with 130+ ROA potential. Securities portfolio repositioned for rate cuts.
- **Credit Outlook**: Stable asset quality with NPLs at 0.61%. Mid-cycle net charge-offs expected at 20-25 basis points.
- **M&A Impact**: Acquisitions to add 10 basis points to core NIM, with seamless integration plans for Heartland and Villages.

Seacoast Banking Corporation of Florida (SBCF) Q2 2025 Earnings Call Transcript

- **Revenue Growth**: 6% loan growth and 11% deposit growth driven by new talent additions.
- **Profitability**: 22% pretax pre-provision earnings growth, 10% tangible book value increase.
- **NIM Expansion**: 9bps margin improvement to 3.48%, targeting 3.35% by year-end.
- **Heartland Deal**: $412M high-yield securities purchase ahead of Q3 acquisition.
- **Credit Strength**: 0.68% NPL ratio, 1.34% allowance coverage ratio.
- **Pipeline Momentum**: 40% Q/Q pipeline expansion, mid-single-digit loan growth guidance.


**【CEO Opening Remarks】**
- Highlighted strong first-quarter performance with 6% annualized loan growth and 11% deposit growth, driven by new talent additions.
- Emphasized fortress balance sheet with industry-leading capital ratios (Tier 1 at 14.7%) and Florida's economic resilience.
- Noted 22% growth in adjusted pretax pre-provision earnings and 10% tangible book value per share increase year-over-year.
- Provided update on Heartland Bancshares acquisition, expected to close in Q3 2025.

**【CFO Financial Review】**
- Reported net income of $31.5 million ($0.37 EPS) with pretax pre-provision income up $2.7 million to $50.6 million.
- Net interest margin expanded 9bps to 3.48%, driven by 15bps deposit cost decline to 1.93%.
- Noninterest income grew 8% to $22 million, with wealth management up 20% and insurance agency revenue up 25%.
- Loan pipeline expanded 40% Q/Q, supporting mid- to high single-digit loan growth guidance.
- Credit metrics remained strong with NPL ratio at 0.68% and allowance coverage ratio held flat at 1.34%.

**【Q&A Key Highlights】**
- **NIM Outlook**: Core NIM target of 3.35% for Q4, with potential upside from deposit repricing and fixed-rate asset repricing.
- **Loan Growth**: 5.6% annualized loan growth in Q1, pipeline up 40% Q/Q, targeting mid- to high single-digit growth barring tariff impacts.
- **Heartland Deal**: Pre-acquired $412M in high-yield securities to lock in 5.51% yields, reducingHeartland's short-term bond portfolio.
- **Credit Quality**: No systemic risks in pipeline; charge-offs driven by acquired credits, allowance maintained conservative at 1.34%.
- **M&A Strategy**: Open to smaller deals post-Heartland, but prioritizing disciplined pricing and accretion.
- **Tariff Impact**: Clients largely prepared with pre-buy strategies, no material pipeline fallout yet observed.


Seacoast Banking Corporation of Florida (SBCF)-25 Apr 25-2025 Q1 Earnings call transcript

- **Record Q4 Loan Production**: $900M originations with 4% annualized growth, overcoming payoffs and sales.
- **Net Interest Margin Expansion**: 22 bps QoQ to 3.39%, deposit cost down 26 bps.
- **2025 Growth Plan**: Low-mid single-digit loan growth early, high single-digits by year-end. 20%+ AUM growth in wealth.
- **Capital Deployment**: Actively pursuing M&A in Florida, $350M+ securities cash flow available.
- **Margin Outlook**: 7-10 bps Q1 expansion, targeting 3.35%+ NIM by year-end.
- **Efficiency Ratio**: 56.1% in Q4, targeting 56-60% range.


**【CEO Opening Remarks】**
- Q4 2024 adjusted pre-tax pre-provision earnings rose 22% QoQ to $56.6 million, driven by a 22 bps net interest margin expansion to 3.39%.
- Loan production hit a record $900M, with 4% annualized growth despite elevated payoffs and strategic sales.
- Asset quality improved: criticized/classified assets declined, and NPA ratio stabilized at 0.9%.
- Capital position remains strong with 9.6% tangible common equity ratio and 14.8% CET1.

**【CFO Financial Highlights】**
- GAAP net income $34.1M ($0.40 EPS), adjusted $40.6M ($0.48 EPS). Non-GAAP EPS exceeded expectations.
- Deposit cost declined 26 bps to 2.08%, driving 9% QoQ NII growth to $115.8M.
- Efficiency ratio improved to 56.1% vs 59.8% prior quarter.
- Wealth AUM up 20% YoY to $2.1B, supported by 24% CAGR over 5 years.

**【Q&A Key Takeaways】**
- **Loan Growth Outlook**: 2025 guidance for low-mid single-digit growth early, accelerating to high single-digits by year-end. 2024 pipeline rebuilding post-hurricane recovery.
- **Deposit Strategy**: Focused on relationship-based core deposits, avoiding high-cost CDs. 2025 deposit growth expected to support loan book expansion.
- **Capital Deployment**: Active M&A pipeline, with focus on Florida opportunities. $350M+ in securities cash flows available to fund growth.
- **Margin Expectations**: Core NIM to expand 7-10 bps in Q1, targeting 3.35%+ by year-end. Deposit cost stabilization expected despite potential rate cuts.
- **Expense Management**: 56-60% efficiency ratio target. Seasonal Q1 expense pressures (FICA, 401k) offset by disciplined hiring for growth.
- **Credit Quality**: Stable asset quality with classified assets at 2.17% of loans. Conservative underwriting maintained.


Seacoast Banking Corporation of Florida (SBCF) Q4 2024 Earnings Call Transcript

Seacoast Banking Corporation of Florida (SBCF)-25 Oct 24-2024 Q3 Earnings call transcript

Seacoast Banking Corp. Of Florida (SBCF)-26 Jul 24-2024 Q2 Earnings call transcript

Seacoast Banking Corp. Of Florida (SBCF)-26 Apr 24-2024 Q1 Earnings call transcript

Seacoast Banking Corp. Of Florida (SBCF)-26 Jan 24-2023 Q4 Earnings call transcript

Seacoast Banking Corp. Of Florida (SBCF)-27 Oct 23-2023 Q3 Earnings call transcript

Seacoast Banking Corp. Of Florida (SBCF)-28 Jul 23-2023 Q2 Earnings call transcript

Seacoast Banking Corp. Of Florida (SBCF)-28 Apr 23-2023 Q1 Earnings call transcript

Seacoast Banking Corp. Of Florida (SBCF)-27 Jan 23-2022 Q4 Earnings call transcript

Seacoast Banking Corp. Of Florida (SBCF)-28 Oct 22-2022 Q3 Earnings call transcript

Seacoast Banking Corp. Of Florida (SBCF)-30 Jul 22-2022 Q2 Earnings call transcript

Seacoast Banking Corp. Of Florida (SBCF)-29 Apr 22-2022 Q1 Earnings call transcript

Seacoast Banking Corp. Of Florida (SBCF)-28 Jan 22-2021 Q4 Earnings call transcript

Seacoast Banking Corp. Of Florida (SBCF)-29 Oct 21-2021 Q3 Earnings call transcript

Seacoast Banking Corp. Of Florida (SBCF)-23 Jul 21-2021 Q2 Earnings call transcript

Seacoast Banking Corp. Of Florida (SBCF)-23 Apr 21-2021 Q1 Earnings call transcript

Seacoast Banking Corp. Of Florida (SBCF)-29 Jan 21-2020 Q4 Earnings call transcript

Seacoast Banking Corp. Of Florida (SBCF)-28 Oct 20-2020 Q3 Earnings call transcript

Seacoast Banking Corp. Of Florida (SBCF)-24 Jul 20-2020 Q2 Earnings call transcript

Seacoast Banking Corp. Of Florida (SBCF)-29 Apr 20-2020 Q1 Earnings call transcript

Seacoast Banking Corp. Of Florida (SBCF)-24 Jan 20-2019 Q4 Earnings call transcript

Seacoast Banking Corp. Of Florida (SBCF)-25 Oct 19-2019 Q3 Earnings call transcript

Seacoast Banking Corp. Of Florida (SBCF)-26 Jul 19-2019 Q2 Earnings call transcript

Seacoast Banking Corp. Of Florida (SBCF)-26 Apr 19-2019 Q1 Earnings call transcript

Seacoast Banking Corp. Of Florida (SBCF)-25 Jan 19-2018 Q4 Earnings call transcript

Seacoast Banking Corp. Of Florida (SBCF)-26 Oct 18-2018 Q3 Earnings call transcript

Seacoast Banking Corp. Of Florida (SBCF)-12 Jun 18-2018 Q1 Earnings call transcript

Seacoast Banking Corp. Of Florida (SBCF)-26 Jan 18-2017 Q4 Earnings call transcript

Seacoast Banking Corp. Of Florida (SBCF)-27 Oct 17-2017 Q3 Earnings call transcript

Actual										0.1	0.48	0.5	0.55	0.63	0.59	0.51	0.62	0.44	0.59	0.53	0.56	0.36	0.58	0.46	0.43	0.37	0.36	0.36	0.48	0.38	0.52	0.52	0.44
Forecast										0.41	0.38	0.4271	0.4796	0.4982	0.5207	0.4886	0.5214	0.4471	0.5421	0.6063	0.478	0.5483	0.5167	0.3986	0.3971	0.3534	0.3367	0.3557	0.3383	0.395	0.4233	0.458	0.4983
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-75.61%	+26.32%	+17.07%	+14.68%	+26.46%	+13.31%	+4.38%	+18.91%	-1.59%	+8.84%	-12.58%	+17.15%	-34.34%	+12.25%	+15.40%	+8.29%	+4.70%	+6.92%	+1.21%	+41.89%	-3.80%	+22.84%	+13.54%	-11.70%

SBCF

SBCF fundamentals

SBCF Q4 2025 Earnings

Earnings Call

You can ask Aime

SBCF

SBCF fundamentals

SBCF Q4 2025 Earnings

Earnings Call

SBCF Earnings Call Summary for Q4/202510:00 AM on Jan 30, 2026

SBCF Earnings Call Summary for Q3/202510:00 AM on Oct 28, 2025

SBCF Earnings Call Summary for Q2/202510:00 AM on Jul 25, 2025

SBCF Earnings Call Summary for Q1/202510:00 AM on Apr 25, 2025

SBCF Earnings Call Summary for Q4/202410:00 AM on Jan 28, 2025

You can ask Aime