Earnings Releases·Oct 27, 2026, 4:03 PM ET

Seacoast Banking Corporation of Florida — Third Quarter 2026 Earnings Summary

Net income rose 64% year-over-year to $59.9 million ($0.55/share), while adjusted net income increased 59% to $71.8 million ($0.66/share), driven by a 37% jump in net revenues to $215.0 million.
Organic loan growth accelerated to 13% annualized in the quarter with a $1.3 billion commercial pipeline, supported by a 33% year-over-year increase in wealth management income and successful integration of Villages Bancorporation.
Noninterest expense increased 31% year-over-year to $133.3 million, reflecting $15.5 million in merger and integration costs, though the adjusted efficiency ratio improved to 53.9%.
Management highlighted a "fortress balance sheet" with $8.5 billion in borrowing capacity and reported repurchasing over 1.2 million shares year-to-date, while acknowledging a $1.63 reduction in tangible book value per share due to interest rate impacts.