Seacoast Banking Corporation of Florida · NASDAQ:SBCF
Seacoast Banking Corporation of Florida — Seacoast Banking Corp of Florida — Q3 2026 Earnings Presentation
35 slides from Seacoast Banking Corporation of Florida's earnings presentation, Nov 4, 2026
Slide 1: Third Quarter 2026 Investor Presentation
INVESTOR PRESENTATION THIRD QUARTER 2026 2026
Slide 2: Forward-Looking Statements
2THIRD QUARTER 2026 INVESTOR PRESENTATION This presentation contains “forward-looking statements” within the meaning, and protections, of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, without limitation, statemen
Slide 3: Agenda
01 ABOUT SEACOAST BANK 02 STRATEGIC PRIORITIES 03 COMPANY PERFORMANCE 04 APPENDIX 01 ABOUT SEACOAST BANK 02 COMPANY PERFORMANCE 03 APPENDIX
Slide 4: About Seacoast Bank
AGENDA ABOUT SEACOAST BANK
Slide 5: Valuable Footprint with Strong Capital and Liquidity
5THIRD QUARTER 2026 INVESTOR PRESENTATION • Sustained, strong presence in Florida’s most attractive markets and recent expansion into the greater Atlanta market • #15 Florida market share ▪ #1 Florida-based bank in Orlando MSA ▪ #1 Florida-based bank in 12 counties in Florida ▪ #1 overall market sha
Slide 6: Favorable Demographics Provide a Durable Growth Advantage
6THIRD QUARTER 2026 INVESTOR PRESENTATION Favorable Demographics Provide a Durable Growth Advantage Seacoast’s deposit franchise is concentrated in MSAs projected to grow faster than the broader Southeast, providing a durable foundation for sustained organic growth. 1Southeast U.S. includes Florida,
Slide 7: Executing Our Balanced Growth Strategy
7THIRD QUARTER 2026 INVESTOR PRESENTATION Executing Our Balanced Growth Strategy Relationship Oriented Value Proposition Adding Talent to High Performance Culture Attractive Markets Opportunistic Acquisitions Fortress Balance Sheet Resonates with both clients and bankers. Treasury management product
Slide 8: Mortgage Additive to Strong Commercial Growth Profile
8THIRD QUARTER 2026 INVESTOR PRESENTATION Mortgage Additive to Strong Commercial Growth Profile The ability to retain residential mortgage production with a unique risk-adjusted return profile provides more sustainable loan growth through economic cycles. Our commercial growth continues to benefit f
Slide 9: M&A Strategy Has Delivered Consistent Growth and Long-Term Value Creation
9THIRD QUARTER 2026 INVESTOR PRESENTATION M&A Strategy Has Delivered Consistent Growth and Long-Term Value Creation 1Acquired assets reflects target’s publicly available financials from quarter prior to closing. 2Deposit market share for Florida-based banks as of June 30 each year. Sources: S&P Capi
Slide 10: VBI Acquisition Delivered on Strategic and Financial Objectives
10THIRD QUARTER 2026 INVESTOR PRESENTATION VBI Acquisition Delivered on Strategic and Financial Objectives • Expanded low-cost deposit base in one of Florida's fastest-growing markets, fueling strong commercial growth engine. • Established Seacoast as the primary banking partner for the continued gr
Slide 11: 4Q and Full Year 2026 Outlook
11THIRD QUARTER 2026 INVESTOR PRESENTATION 4Q and Full Year 2026 Outlook ($ in millions except per share data) 2025 Actual 2026 Outlook Adjusted Revenue (fully taxable equivalent basis) $ 656 28% - 31% Growth Adjusted Efficiency Ratio 58 % 53% - 55% Adjusted Earnings Per Share-Diluted $ 1.84 $2.48 -
Slide 12: Selected Acquisition-Related Impacts to Earnings
12THIRD QUARTER 2026 INVESTOR PRESENTATION Quarterly Trend ($ in millions, except per share amounts) 3Q'26 2Q'26 1Q'26 4Q'25 3Q'25 Accretion on acquired loans $ 8.5 $ 8.9 $ 12.1 $ 10.6 $ 9.5 Amortization of intangibles 9.9 10.0 10.1 10.4 6.0 Accretion on acquired loans, net of amortization of intang
Slide 13: Company Performance
AGENDA COMPANY PERFORMANCE
Slide 14: Third Quarter 2026 Highlights
14THIRD QUARTER 2026 INVESTOR PRESENTATION • Net income of $59.9 million, or $0.55 per share, increased 1% from the prior quarter and 64% from the prior year quarter. Adjusted net income1 of $71.8 million, or $0.66 per share, increased 9% from the prior quarter and 59% from the prior year quarter. •
Slide 15: Net Interest Income and Net Interest Margin
15THIRD QUARTER 2026 INVESTOR PRESENTATION Net Interest Income and Net Interest Margin ($ in m ill io ns ) $133.9 $176.2 $178.2 $182.2 $185.4 3.57% 3.66% 3.83% 3.83% 3.83% 3.32% 3.44% 3.57% 3.65% 3.66% Net Interest Income Net Interest Margin NIM, excluding accretion on acquired loans 3Q'25 4Q'25 1Q'
Slide 16: Noninterest Income
16THIRD QUARTER 2026 INVESTOR PRESENTATION $23.8 $28.6 $(12.6) $27.8 $31.6 $24.7 $28.5 $26.9 $27.8 $32.1 Noninterest income Adjusted noninterest income 3Q'25 4Q'25 1Q'26 2Q'26 3Q'26 Noninterest income totaled $31.6 million, an increase of $3.8 million, or 14%, from the prior quarter. Adjusted nonint
Slide 17: Growth in Wealth Management
17THIRD QUARTER 2026 INVESTOR PRESENTATION $1,387 $1,711 $2,053 $2,808 $3,184 2022 2023 2024 2025 3Q’26 Growth in Wealth Management Assets under management totaled $3.2 billion at September 30, 2026, increasing 29% year-over- year. $574 million in new organic assets under management year-to-date in
Slide 18: Noninterest Expense
18THIRD QUARTER 2026 INVESTOR PRESENTATION $91.2 $112.4 $113.6 $114.8 $117.8 57.6% 54.5% 55.3% 54.5% 53.9% Adjusted noninterest expense Adjusted Efficiency Ratio Total Assets 3Q'25 4Q'25 1Q'26 2Q'26 3Q'26 Noninterest Expense Noninterest expense was $133.3 million in the third quarter of 2026, an inc
Slide 19: Disciplined Loan Growth Supported by a Strong Pipeline
19THIRD QUARTER 2026 INVESTOR PRESENTATION $10,964 $12,628 $12,641 $13,145 $13,574 5.96% 6.02% 5.96% 5.88% 5.89% 5.61% 5.68% 5.57% 5.61% 5.64% Yield Excluding Accretion on Acquired Loans Reported Yield Total Loans 3Q'25 4Q'25 1Q'26 2Q'26 3Q'26 $1,134 $948 $1,045 $1,291 $1,275 3Q'25 4Q'25 1Q'26 2Q'26
Slide 20: Loan Portfolio Mix
20THIRD QUARTER 2026 INVESTOR PRESENTATION CRE-Retail, 11% CRE-Industrial/Warehouse, 7% CRE-Office, 4% CRE-Multifamily 5+, 4% CRE-Hotel/Motel, 2% CRE-Other, 5% Construction & Land Development, 7% Residential, 24% Consumer, 1% OOCRE, 16% Commercial & Financial, 19% At September 30, 2026 Loan Portfoli
Slide 21: Allowance for Credit Losses and Purchase Discount
21THIRD QUARTER 2026 INVESTOR PRESENTATION Allowance for Credit Losses and Purchase Discount ($ in millions) Loans Outstanding Allowance for Credit Losses % of Loans Outstanding Purchase Discount % of Loans Outstanding Construction and Land Development $ 947 $ 9 0.95 % $ 1 0.11 % Owner Occupied Comm
Slide 22: Continued Strong Asset Quality Trends
22THIRD QUARTER 2026 INVESTOR PRESENTATION 0.12% 0.03% 0.11% 0.10% 0.16% NCO/Average Loans 3Q'25 4Q'25 1Q'26 2Q'26 3Q'26 1.34% 1.42% 1.39% 1.38% 1.41% ACL/Total Loans 3Q'25 4Q'25 1Q'26 2Q'26 3Q'26 Continued Strong Asset Quality Trends Nonperforming Loans 0.55% 0.57% 0.75% 0.66% 0.54% 0.19% 0.26% 0.2
Slide 23: Well-Managed Deposit Costs
23THIRD QUARTER 2026 INVESTOR PRESENTATION Well-Managed Deposit Costs Deposits were $16.6 billion as of September 30, 2026, compared to $16.8 billion as of June 30, 2026, with the decline including a $159.0 million decrease in brokered deposits and a $105.9 million decline in public funds. Outside o
Slide 24: Granular, Diverse and Relationship-Focused Customer Funding Base
24THIRD QUARTER 2026 INVESTOR PRESENTATION Deposits End-of-Period ($ in millions) $13,090 $16,256 $16,638 $16,792 $16,580 Transaction Accounts Savings Money Market Brokered Time Deposits 3Q'25 4Q'25 1Q'26 2Q'26 3Q'26 Granular, Diverse and Relationship-Focused Customer Funding Base The Company benefi
Slide 25: Investment Securities Performance and Composition
25THIRD QUARTER 2026 INVESTOR PRESENTATION Investment Securities Performance and Composition Portfolio yields increased five basis points to 4.52% from 4.47% in the prior quarter. Net unrealized losses in the available-for-sale portfolio increased $237.0 million during the third quarter of 2026, dri
Slide 26: Capital and Returns
26THIRD QUARTER 2026 INVESTOR PRESENTATION $17.61 $15.14 $15.33 $15.71 $14.27 3Q'25 4Q'25 1Q'26 2Q'26 3Q'26 15.9% 15.9% 16.0% 15.7% 15.5% 13.9% 11.5% 11.7% 11.5% 11.3% Total Risk Based Capital CET1 Ratio Adjusted CET1 Ratio 3Q'25 4Q'25 1Q'26 2Q'26 3Q'26 10.7% 9.1% 8.5% 14.4% 14.3% 13.0% 12.0% 16.3%
Slide 27: Change in Tangible Book Value Per Share
27THIRD QUARTER 2026 INVESTOR PRESENTATION $17.25 $0.66 $(0.16) $(0.22) $(1.63) $0.06 $15.96 TBV / Share at 2Q’26 Adjusted Net Income Merger and Integration Related Items Dividends and Share Repurchases Unrealized Net Losses on AFS Securities and Hedges Other TBV / Share at 3Q’26 Change in Tangible
Slide 28: Appendix
28THIRD QUARTER 2026 INVESTOR PRESENTATION Appendix
Slide 29: Recognition
29THIRD QUARTER 2026 INVESTOR PRESENTATION Recognition 4th consecutive year 2nd consecutive year6th consecutive year 2nd consecutive year 1st time winner2nd consecutive year 4th consecutive year
Slide 30: About Non-GAAP Financial Measures
30THIRD QUARTER 2026 INVESTOR PRESENTATION About Non-GAAP Financial Measures: This presentation contains financial information determined by methods other than Generally Accepted Accounting Principles (“GAAP”). The financial highlights provide reconciliations between GAAP and adjusted financial meas
Slide 31: Quarterly Trend (Non-GAAP Reconciliation)
31THIRD QUARTER 2026 INVESTOR PRESENTATION Quarterly Trend Nine Months Ended (Amounts in millions except per share data) 3Q'26 2Q'26 1Q'26 4Q'25 3Q'25 3Q'26 3Q'25 Net Income $ 59.9 $ 59.5 $ 31.9 $ 34.3 $ 36.5 $ 151.3 $ 110.6 Total noninterest income (loss) 31.6 27.8 (12.6) 28.6 23.8 46.8 70.5 Securi
Slide 32: Quarterly Trend (Non-GAAP Reconciliation)
32THIRD QUARTER 2026 INVESTOR PRESENTATION Quarterly Trend Nine Months Ended (Amounts in millions except per share data) 3Q'26 2Q'26 1Q'26 4Q'25 3Q'25 3Q'26 3Q'25 Adjusted noninterest expense $ 117.8 $ 114.8 $ 113.6 $ 112.4 $ 91.2 $ 346.2 $ 270.0 Provision for credit losses on unfunded commitments (
Slide 33: Quarterly Trend (Non-GAAP Reconciliation)
33THIRD QUARTER 2026 INVESTOR PRESENTATION Quarterly Trend Nine Months Ended (Amounts in millions except per share data) 3Q'26 2Q'26 1Q'26 4Q'25 3Q'25 3Q'26 3Q'25 Average assets $ 21,307.1 $ 21,125.8 $ 20,924.9 $ 21,203.4 $ 16,486.0 $ 21,120.7 $ 15,898.3 Less average goodwill and intangible assets (
Slide 34: Quarterly Trend (Non-GAAP Reconciliation)
34THIRD QUARTER 2026 INVESTOR PRESENTATION Quarterly Trend Nine Months Ended (Amounts in millions except per share data) 3Q'26 2Q'26 1Q'26 4Q'25 3Q'25 3Q'26 3Q'25 Loan interest income1 $ 198.1 $ 188.7 $ 186.2 $ 187.9 $ 162.3 $ 573.0 $ 470.8 Accretion on acquired loans (8.5) (8.9) (12.1) (10.6) (9.5)
Slide 35: Quarterly Trend (Non-GAAP Reconciliation)
35THIRD QUARTER 2026 INVESTOR PRESENTATION Quarterly Trend Nine Months Ended (Amounts in millions except per share data) 3Q'26 2Q'26 1Q'26 4Q'25 3Q'25 3Q'26 3Q'25 Total shareholders’ equity $ 2,595.7 $ 2,730.8 $ 2,717.7 $ 2,712.7 $ 2,378.1 $ 2,595.7 $ 2,378.1 Goodwill (1,045.0) (1,035.0) (1,035.0) (
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