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Seacoast Banking Corporation Of Florida (SBCF)
NASDAQ:SBCF
Earnings Data
Report Date
Apr 23, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.53Last Year’s EPS
0.38Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a predominantly positive operating and strategic picture: strong organic loan growth (15% annualized), rapid net interest income and margin expansion, meaningful fee and wealth momentum (AUM +37% YoY and $550M new AUM), a strengthened balance sheet and better-than-expected capital from the VBI acquisition that enabled a securities reposition with significant yield pickup. Near-term lowlights are largely acquisition-related and transitory — merger/integration costs, day-one provisions, intangible amortization, and some accretion volatility — plus seasonally higher Q1 expenses and localized real estate pockets of weakness. Given robust guidance for 2026, solid capital metrics, and management’s articulation of path to improved efficiency and returns post-conversion, the positive operating and capital developments outweigh the manageable near-term costs and risks.Company Guidance
Strong Adjusted Earnings and Profitability
Adjusted net income (excludes merger-related charges) increased 18% year-over-year to $47.7 million in 4Q25; pretax pre-provision adjusted earnings rose to $93.2 million, up 39% quarter-over-quarter and 65% year-over-year. Excluding day-one provisioning and merger costs, 4Q25 ROA was 1.22% and return on tangible equity was 15.72%.
Robust Loan Growth
Loan outstandings grew at a 15% annualized rate (organic growth) in the quarter, driven by commercial production and incremental mortgage volume from the Villages (VBI) acquisition; commercial production increased 22% from the prior quarter.
Net Interest Income and Margin Expansion
Tax-equivalent net interest income increased $42.3 million (32%) versus the prior quarter and $60.1 million (52%) versus the prior year quarter. Net interest income was $174.6 million (up 31% QoQ). Net interest margin expanded to 3.66% (including accretion) and to 3.44% excluding accretion (12 bps QoQ expansion excluding accretion). Loan yields rose to 6.02% (6 bps QoQ) and 5.68% excluding accretion (7 bps QoQ).
Wealth Management and Fee Income Momentum
Wealth management added $550 million of new AUM in 2025; total AUM rose 37% year-over-year (5-year CAGR of 23%). Noninterest income was $28.6 million in 4Q25, up 20% from the prior quarter, and wealth income grew 21% QoQ.
Deposits, Funding Cost Improvement and Liquidity
Total deposits increased to $16.3 billion (average balances up 29% QoQ, reflecting the VBI acquisition and seasonality). Cost of deposits declined to 1.67% and exited the year at 1.64%; overall cost of funds fell 16 basis points from the prior quarter. Management emphasized a diverse deposit mix with customer transaction accounts at 48% of deposits.
Capital Strength and Faster Earn-Back from Acquisition
Tier 1 capital ratio of 14.4% and tangible equity to tangible assets at 9.3%. The VBI acquisition closed with materially higher tangible equity than projected, delivering roughly 90 bps (~$92 million) of additional total risk-based capital versus initial deal assumptions and shortening the earn-back period.
Securities Reposition Delivered Yield Pickup and TBV Recovery
Securities portfolio grew to $5.75 billion pro forma VBI. Management sold ~ $1.5 billion of the VBI securities portfolio (including >$600M corporate debt) and later sold $317M of AFS securities (book yield <2%), reinvesting $277M at a taxable-equivalent yield of 4.8% (pickup ~290 bps). Net unrealized losses in AFS improved $18.5 million in 4Q and $137 million for 2025, adding ~ $1 to tangible book value. Portfolio yield rose 21 bps to 4.13% in 4Q25.
Positive 2026 Guidance
Management expects FY2026 adjusted EPS of $2.48–$2.52 (raised vs prior $2.46 articulation), adjusted revenue growth of 29–31% YoY, adjusted efficiency ratio of 53–55%, exit-year ROA above 1.30% and return on tangible equity of ~16% post Villages conversion. Company plans ~15% increase in banker headcount in 2026, and expects high-single-digit loan growth and low- to mid-single-digit deposit growth.
SBCF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SBCF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 29, 2026 | $34.12 | $33.44 | -1.99% |
Oct 01, 2025 | $30.32 | $30.25 | -0.23% |
Jul 11, 2025 | $28.95 | $29.15 | +0.68% |
Apr 24, 2025 | $23.43 | $23.29 | -0.58% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Seacoast Banking Corporation Of Florida (SBCF) report earnings?
Seacoast Banking Corporation Of Florida (SBCF) is schdueled to report earning on Apr 23, 2026, After Close (Confirmed).
What is Seacoast Banking Corporation Of Florida (SBCF) earnings time?
Seacoast Banking Corporation Of Florida (SBCF) earnings time is at Apr 23, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SBCF EPS forecast?
SBCF EPS forecast for the fiscal quarter 2026 (Q1) is 0.53.