SBCF
Seacoast Banking Corporation of Florida32.26
-0.43-1.32%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
FY Q3 '25
Reaffirms growth; adds Atlanta, NIM details
Q&A largely reaffirmed prepared remarks' high single-digit organic loan and deposit growth outlook into 2026, with management expressing added confidence from matured banker teams, record pipelines, and Villages' low-cost deposits exceeding models early. They detailed Atlanta expansion targeting Northern Arc CRE and C&I, eyeing branches in 3-5 years amid M&A disruption. NIM expansion to 3.45% Q4 hinges on wholesale funding runoff and securities restructure, with forward deposit betas dropping toward 30%. Credit spreads are super tight. Villages integration is seamless, with Villages 2 eyed for $4-6B build over 10 years. No insurance drag in Florida. Investors will watch growth durability amid hypercompetition.
Key Stats
Market Cap
3.16BP/E (TTM)
19.20Basic EPS (TTM)
1.68Dividend Yield
0.02%Recent Filings
8-K
Villages acquisition completed
Seacoast Banking disclosed its November 2025 investor presentation under Item 7.01, highlighting the October 1, 2025 completion of the Villages Bancorporation acquisition for $829M total consideration ($183M cash, $303M common stock, $343M preferred), adding 19 branches, $4.1B assets, $1.3B loans, and $3.5B low-cost deposits from The Villages community. Pro forma metrics show ~24% 2026E EPS accretion and 2.8-year TBV earnback. Integration advances; full system conversion set for Q3 2026.
10-Q
Q3 FY2025 results
Seacoast Banking posted Q3 net income of $36.5M, up 19% y/y, with diluted EPS of $0.42 on 87.4M shares, matching basic EPS of $0.42. Net interest income jumped 25% y/y to $133.5M on loan and securities growth, while deposit costs fell to 1.81%. Expenses rose 20% y/y to $102.0M, driven by $10.8M merger charges from the July Heartland deal ($111.2M cash/stock, $22.2M goodwill, $20.9M core deposit intangibles over 10 years). Loans hit $11.0B, up 6% q/q; cash at $306M backs $690M FHLB debt. Provision for credit losses climbed to $8.4M. CRE loans pose concentration risk.
8-K
Q3 earnings, acquisitions closed
Seacoast reported Q3 net income of $36.5M ($0.42/share), down from Q2's $42.7M due to $10.8M merger charges, yet adjusted net income held at $45.2M ($0.52/share) with 7% organic deposit and 8% organic loan growth. Completed Heartland acquisition in July adding $705M deposits, $153M loans; closed Villages deal October 1 adding 19 branches, $4B assets—integration by Q3 2026. Capital stays rock-solid at 14.5% Tier 1. Acquisitions expand Florida footprint fast.
8-K
Seacoast closes $829M Villages deal
Seacoast completed its $829 million merger with Villages Bancorporation on October 1, 2025, absorbing Citizens First Bank and its 19 branches in high-growth The Villages community. VBI shareholders got 25% cash, 75% stock under proration, with preferred stock capping ownership at 9.75%. Deal secures exclusive bank branch rights in town centers via 10-year developer pact. Integration risks loom.
8-K
Villages deal eyes 24% EPS boost
Seacoast Banking disclosed its August 2025 investor presentation under Regulation FD, highlighting Q2 net income up 36% to $42.7 million with NIM expanding to 3.58%. It spotlights the pending Villages Bancorporation acquisition—adding $4.1B assets, $3.5B deposits—expected Q4 2025 close for ~24% 2026 EPS accretion. Deal fills Florida footprint gap. Pro forma assets hit $21B.
IPO
Employees
Sector
Industry
BAFN
BayFirst Financial Corp.
7.90-0.06
CCB
Coastal Financial Corporation
114.93-0.61
COSO
CoastalSouth Bancshares, Inc.
25.06+0.95
FSEA
First Seacoast Bancorp, Inc.
12.19+0.07
SFBC
Sound Financial Bancorp, Inc.
44.90+0.35
SFBS
ServisFirst Bancshares, Inc.
74.76+1.00
SFCO
SOUTHERN FINANCIAL CORPORATION
9.55+0.00
SFST
Southern First Bancshares, Inc.
55.26-0.24
SSB
SouthState Bank Corporation
96.73-0.35
TCBC
TC Bancshares, Inc.
21.65+0.00