Seacoast Banking Corporation Of Florida (SBCF)
NASDAQ:SBCF
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Seacoast Banking Of Florida
(NASDAQ:SBCF)
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Rating:72Outperform
Price Target:
$33.00
â–²(2.87% Upside)
Action:ReiteratedDate:03/27/26
The score is driven primarily by solid underlying financial performance (growth and improved 2025 cash generation) and a constructive earnings outlook with strong 2026 guidance and expected margin/return improvement. Offsetting factors are weak near-term technical momentum and a valuation that is reasonable but not meaningfully discounted.
Positive Factors
Strong cash generation
Reliable 2025 operating and free cash flow (~$309M) and 1x FCF-to-net-income indicate durable cash conversion. That strengthens internal funding for lending, securities reinvestment, capital build, and acquisition earn‑back, reducing reliance on external financing over the medium term.
Negative Factors
Rising leverage and modest ROE
Balance sheet growth has increased leverage and while scale improved, the recent ROE is modest. Higher leverage narrows financial flexibility and, if earnings or margins normalize lower, could pressure capital ratios or force slower dividend/capital return plans over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Reliable 2025 operating and free cash flow (~$309M) and 1x FCF-to-net-income indicate durable cash conversion. That strengthens internal funding for lending, securities reinvestment, capital build, and acquisition earn‑back, reducing reliance on external financing over the medium term.
Read all positive factors
Seacoast Banking Of Florida (SBCF) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.14B
Dividend Yield2.25%
Average Volume (3M)602.60K
Price to Earnings (P/E)19.1
Beta (1Y)0.96
Revenue Growth6.83%
EPS Growth23.44%
CountryUS
Employees1,518
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.44
Shares Outstanding97,958,730
10 Day Avg. Volume659,806
30 Day Avg. Volume602,596
Financial Highlights & Ratios
PEG Ratio1.44
Price to Book (P/B)0.91
Price to Sales (P/S)3.19
P/FCF Ratio15.50
Enterprise Value/Market Cap1.37
Enterprise Value/Revenue4.78
Enterprise Value/Gross Profit7.62
Enterprise Value/Ebitda21.25
Forecast
1Y Price Target
$35.75Price Target Upside11.44% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)2.52
Revenue Forecast (FY)$850.83M
Seacoast Banking Of Florida Business Overview & Revenue Model
Company Description
Seacoast Banking Corporation of Florida operates as the bank holding company for Seacoast National Bank that provides financial services to retail and commercial customers in Florida. It offers commercial and retail banking, wealth management, and...
How the Company Makes Money
SBCF generates most of its revenue through traditional banking activities. The primary source is net interest income: the bank earns interest and fees on loans and other interest-earning assets (such as securities) and pays interest on deposits an...
Seacoast Banking Of Florida Earnings Call Summary
Earnings Call Date:Jan 29, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 28, 2026
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.Positive Updates
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%.
Negative Updates
Higher Noninterest Expense Driven by Acquisition Costs
Noninterest expense in 4Q25 was $130.5 million, up $28.5 million QoQ, which included $18.1 million of merger and integration costs and $23.4 million of day-one credit provisions related to the Villages acquisition; higher salaries, benefits and outsourced data processing also contributed.
Read all updates
Q4-2025 Updates
Positive
Negative
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%.
Read all positive updates
Company Guidance
Seacoast guided to full-year 2026 adjusted EPS of $2.48–$2.52, with adjusted revenue growth of 29–31% versus 2025 and an adjusted efficiency ratio of 53–55%; management expects to exit 2026 (post-Villages conversion) with an adjusted ROA above 1.30% and a return on tangible equity of ~16%. They plan to increase banker headcount by ~15% in 2026 (with the productivity upside realized in 2027–28), expect high single‑digit loan growth and low‑ to mid‑single‑digit deposit growth, and anticipate continued NIM expansion (Q1 margin expansion of roughly 10–15 bps was discussed) aided by securities actions (securities yield in Q1 implied in the mid‑4% range, ~4.40–4.50%, and recent reinvestments near a 4.8% taxable‑equivalent yield). Capital and liquidity remain strong (Tier 1 ~14.4%, tangible equity/tangible assets ~9.3%), and guidance is presented on an adjusted basis that excludes merger‑related charges.Seacoast Banking Of Florida Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
72
Positive
Cash Flow
83
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 869.54M | 808.99M | 768.13M | 446.58M | 354.97M |
| Gross Profit | 535.38M | 498.14M | 528.63M | 404.91M | 356.04M |
| EBITDA | 186.51M | 175.05M | 134.68M | 148.77M | 154.89M |
| Net Income | 144.88M | 120.99M | 104.03M | 106.51M | 124.40M |
Balance Sheet | |||||
| Total Assets | 20.84B | 15.18B | 14.58B | 12.15B | 9.68B |
| Cash, Cash Equivalents and Short-Term Investments | 5.35B | 2.67B | 2.29B | 2.08B | 2.38B |
| Total Debt | 1.34B | 584.04M | 530.88M | 406.56M | 193.21M |
| Total Liabilities | 17.79B | 12.99B | 12.47B | 10.54B | 8.37B |
| Stockholders Equity | 3.06B | 2.18B | 2.11B | 1.61B | 1.31B |
Cash Flow | |||||
| Free Cash Flow | 178.89M | 175.87M | 140.32M | 183.21M | 150.25M |
| Operating Cash Flow | 188.06M | 179.90M | 150.61M | 195.86M | 154.57M |
| Investing Cash Flow | -706.76M | -606.88M | 527.45M | -364.88M | -412.51M |
| Financing Cash Flow | 430.64M | 456.41M | -432.82M | -366.77M | 591.58M |
Seacoast Banking Of Florida Technical Analysis
Positive
32.08
Price Trends
31.72
Positive
31.76
Positive
30.53
Positive
Market Momentum
-0.09
Negative
62.71
Neutral
92.87
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SBCF, the sentiment is Positive. The current price of 32.08 is above the 20-day moving average (MA) of 30.10, above the 50-day MA of 31.72, and above the 200-day MA of 30.53, indicating a bullish trend. The MACD of -0.09 indicates Negative momentum. The RSI at 62.71 is Neutral, neither overbought nor oversold. The STOCH value of 92.87 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SBCF.
Seacoast Banking Of Florida Risk Analysis
Seacoast Banking Of Florida disclosed 37 risk factors in its most recent earnings report. Seacoast Banking Of Florida reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Seacoast Banking Of Florida Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $3.10B | 13.16 | 11.62% | 3.99% | 3.40% | 23.04% | |
73 Outperform | $3.11B | 13.59 | 13.70% | 2.96% | 6.29% | 28.28% | |
72 Outperform | $3.14B | 19.14 | 5.83% | 2.25% | 6.83% | 23.44% | |
72 Outperform | $2.88B | 8.86 | 10.62% | 4.69% | 38.34% | 89.73% | |
71 Outperform | $2.76B | 12.23 | 9.25% | 4.00% | -8.43% | 3.75% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | $2.89B | 24.15 | 6.87% | 1.34% | 10.50% | -6.22% |
* Financial Sector Average
SBCF
Seacoast Banking Of Florida
32.08
9.04
39.26%
BOH
Bank Of Hawaii
78.23
17.54
28.91%
CVBF
Cvb Financial
20.30
3.49
20.78%
PRK
Park National
172.13
23.69
15.96%
PFS
Provident Financial Services
22.06
6.93
45.78%
FBK
FB Financial
55.90
13.41
31.57%
Seacoast Banking Of Florida Corporate Events
Business Operations and StrategyExecutive/Board Changes
Seacoast Banking Expands Board With Three Independent Directors
Positive
Mar 26, 2026
On March 26, 2026, Seacoast Banking Corporation of Florida expanded its board of directors from eleven to fourteen members by appointing Michael E. Griffin, Kathleen B. Kay and Randolph A. Moore, III to the boards of both the company and its subsi...
Business Operations and StrategyFinancial Disclosures
Seacoast Banking Hosts Investor Meetings Amid Outlook Uncertainty
Neutral
Feb 11, 2026
In February 2026, Seacoast Banking Corporation of Florida plans to hold one-on-one meetings with investors to discuss its business strategy, financial performance, recent developments and opportunities, supported by an investor presentation availa...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Seacoast Banking Announces Strong 2025 Results, Portfolio Repositioning
Positive
Jan 29, 2026
On January 29, 2026, Seacoast Banking Corporation of Florida reported unaudited results for the fourth quarter and full year 2025, highlighted by net income of $34.3 million that reflected significant merger and integration costs and day-one credi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.