Seacoast Banking Corporation Of Florida (SBCF)
NASDAQ:SBCF
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Earnings Data
Report Date
Jul 23, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.6Last Year’s EPS
0.52Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted strong core earnings momentum, expanded net interest margin, robust deposit growth (notably noninterest-bearing balances), exceptional capital and liquidity, and standout wealth management performance that drove significant adjusted earnings improvements. Lowlights were mostly transitory or one-time in nature — a pretax securities repositioning loss that reduced reported earnings, elevated loan payoffs that temporarily muted loan growth, some mortgage/MSR volatility from the Villages deal, and a modest uptick in nonaccruals. Management reiterated full-year adjusted EPS guidance and provided a clear efficiency and growth framework, while noting rate-path sensitivity and near-term integration/hiring costs. Overall, positive fundamentals and strong forward-looking positioning outweigh the limited, mostly nonrecurring headwinds.Company Guidance
Adjusted Net Income and EPS Growth
Adjusted net income of $67.8M, or $0.62 per share, up 42% sequentially and 111% year-over-year, reflecting meaningful improvement in core earnings power.
Net Interest Income and Margin Expansion
Net interest income of $178.2M (up $1.9M QoQ) and net interest margin expanded 17 bps to 3.83% (13 bps to 3.57% excluding accretion), driven by lower deposit costs and higher securities yields.
Strong Deposit Growth and Lower Funding Costs
Total deposits rose $382M (9.5% annualized) with organic deposit growth of 7% annualized; noninterest-bearing deposits grew 29% annualized. Cost of deposits declined 13 bps to 1.54% and overall cost of funds fell 9 bps to 1.71%.
Wealth Management Outperformance
Wealth management revenue increased 36% YoY; assets under management grew 33% YoY with $125M of new organic AUM added in the quarter and a five-year AUM CAGR of 21%.
Disciplined Expense Management and Efficiency
Adjusted noninterest expense of $113.6M; adjusted efficiency ratio ~55.3% (efficiency ratio improved to 59.5%). Adjusted noninterest expense to tangible assets remained near 2.1% while management continues deliberate investment in growth.
Capital, Liquidity and Share Repurchase
Tangible equity to tangible assets of 9.2%, very strong capital ratios, and repurchased over 317,000 shares during the quarter, supporting capital flexibility and shareholder return.
Credit Metrics and Loss Absorption Capacity
Allowance for credit losses of $176M (1.39% of loans) with an additional $138M of unrecognized purchase discount; net charge-offs low at 11 bps annualized and overall asset quality described as exceptional.
Securities Repositioning to Enhance Forward Yield
Sold approximately $277M of AFS securities and reinvested proceeds primarily into agency MBS with a tax-equivalent book yield of ~4.8%, intended to enhance forward earnings and balance sheet flexibility.
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 |
|---|---|---|---|
Apr 28, 2026 | $31.73 | $31.28 | -1.42% |
Jan 29, 2026 | $33.91 | $33.23 | -1.99% |
Oct 01, 2025 | $30.13 | $30.06 | -0.23% |
Jul 11, 2025 | $28.77 | $28.96 | +0.68% |
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 Jul 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 Jul 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 (Q2) is 0.6.