Seacoast Banking Corporation of Florida (SBCF) Q3 2025 Earnings Call Transcript
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 28 2025
0mins
Should l Buy SBCF?
Source: SeekingAlpha
Adjusted Net Income $45.2 million, an increase of 48% year-over-year. This excludes merger-related charges. The increase is attributed to strong operational performance and growth.
Organic Deposits $212 million, or 7% annualized growth. This includes $80 million in noninterest-bearing deposits. Growth is driven by strong customer engagement and relationship-focused strategies.
Net Interest Income $133.5 million, an increase of 5% from the prior quarter and 25% year-over-year. Growth is due to strong loan production and stabilizing deposit costs.
Tangible Book Value Per Share $17.61, an increase of 9% year-over-year. This growth is notable given the 50% cash consideration in the Heartland acquisition.
Tier 1 Capital Ratio 14.5%, reflecting a very strong capital position.
Noninterest Income $24.7 million, an increase of 5% year-over-year. Growth is driven by investments in talent, treasury management services, and record performance in Wealth Management.
Noninterest Expense $102 million, an increase of $10.3 million. This includes $10.8 million in merger-related expenses and higher salaries due to expansion and acquisitions.
Loan Production 8% annualized organic growth. The pipeline reached a record high of $1.2 billion, reflecting successful hiring and acquisitions.
Allowance for Credit Losses $147.5 million, with coverage to total loans remaining flat at 1.34%. This reflects disciplined credit management.
Net Charge-Offs $3.2 million, or 12 basis points annualized. This is lower than prior guidance, reflecting disciplined underwriting and proactive risk management.
Nonperforming Loans 0.55% of total loans, a decline of $3.6 million during the quarter. This reflects sound asset quality.
Customer Transaction Accounts 48% of total deposits, highlighting a diverse and relationship-focused deposit base.
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Analyst Views on SBCF
Wall Street analysts forecast SBCF stock price to rise
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 33.350
Low
33.50
Averages
34.75
High
36.00
Current: 33.350
Low
33.50
Averages
34.75
High
36.00
About SBCF
Seacoast Banking Corporation of Florida is a financial holding company. The Company's principal subsidiary is Seacoast National Bank (Seacoast Bank), a wholly owned national banking association. It provides integrated financial services, including commercial and consumer banking, wealth management and mortgage services to customers through online and mobile banking solutions, and Seacoast Bank's network consists of approximately 103 full-service branches across Florida. Its loans held for investment are categorized as construction and land development, commercial real estate-owner-occupied, commercial real estate-non-owner-occupied, residential real estate, commercial and financial, and consumer and paycheck protection program. Its offices stretch from the southeast, including Fort Lauderdale, Boca Raton and Palm Beach, north along the east coast to the Daytona area, into Orlando and Central Florida and the adjacent Tampa market, and west to Okeechobee and surrounding counties.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Seacoast Banking Corporation Q4 2025 Earnings Highlights
- Strong Loan Growth: Seacoast Banking reported a 15% annualized growth rate in loan outstandings, driven by the success of its commercial banking team and additional mortgage volume from the Villages acquisition, which not only enhances market share but also strengthens its competitive position in the financial sector.
- Outstanding Income Performance: Adjusted net income reached $47.7 million, an 18% year-over-year increase, while pretax pre-provision earnings hit $93.2 million, reflecting a 39% quarter-over-quarter growth, showcasing effective strategies in cost control and revenue enhancement that bolster investor confidence.
- Asset Management Expansion: The wealth management division added $550 million in new assets, contributing to a 20% year-over-year increase in noninterest income, indicating significant progress in diversifying revenue streams and enhancing overall profitability.
- Optimistic Future Outlook: Management anticipates earnings per share for 2026 to range between $2.48 and $2.52, with plans to increase banker count by 15% in the coming year, laying a solid foundation for long-term growth and further enhancing shareholder returns.
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Seacoast Banking to Release Q4 2025 Earnings on January 29
- Earnings Release Schedule: Seacoast Banking Corporation will announce its fourth quarter 2025 results on January 29 after market close, with investors able to access the information via the company website, which may influence market expectations.
- Conference Call Announcement: The company will host a conference call on January 30 at 10:00 a.m. Eastern Time to discuss the earnings and business trends, with investors able to dial in at 800-715-9871, reflecting the company's commitment to transparency and investor communication.
- Asset Overview: As of September 30, 2025, Seacoast Banking reported total assets of $16.7 billion and deposits of $13.1 billion, indicating a solid market position in Florida.
- Branch Expansion: The 19 recently acquired branches will operate under the Citizens First Bank name until the system conversion in 2026, showcasing the company's strategic expansion efforts in Florida.
See More
Seacoast Banking Corporation to Release Q4 2025 Earnings on January 29
- Earnings Release Schedule: Seacoast Banking Corporation is set to release its Q4 2025 earnings on January 29 after market close, with investors able to access results via the company’s website, which may influence market sentiment.
- Conference Call Announcement: The company will host a conference call on January 30 at 10:00 AM ET to discuss earnings and business trends, with investors able to dial in at 800-715-9871, reflecting the company's commitment to transparency and investor communication.
- Asset Overview: As of September 30, 2025, Seacoast Banking Corporation reported $16.7 billion in assets and $13.1 billion in deposits, indicating a solid market position in Florida that could attract more customers.
- Branch Expansion: Seacoast operates 104 full-service branches across Florida and offers advanced mobile and online banking solutions, demonstrating its ongoing efforts in digital transformation.
See More
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- Pinnacle Financial Overview: Pinnacle Financial Partners has a market cap of $7.79 billion and generates $1.89 billion in annual revenue, with earnings and revenue expected to grow significantly over the next three years, despite a low forecasted return on equity of 11.3%.
- M&A Impact: The recent regulatory approval for Pinnacle's merger with Synovus Financial Corp is expected to positively influence future performance, with integration efforts projected to be completed by 2027, enhancing market competitiveness.
- Other Undervalued Stocks: In the U.S. market, companies like Zymeworks, UMB Financial, and Sportradar show significant undervaluation potential, with estimated discounts ranging from 48% to 49%, attracting investor interest.
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Seacoast Banking Corporation Renews $150 Million Share Repurchase Program
- Repurchase Program Renewal: Seacoast Banking Corporation's Board renewed its share repurchase program on December 19, 2025, allowing for the repurchase of up to $150 million in shares by December 31, 2026, which is expected to enhance shareholder value and boost market confidence.
- Increased Share Coverage: The new program covers approximately 5% of the outstanding shares, indicating the company's confidence in its stock, which may lead to an increase in earnings per share and attract more investor interest.
- Flexible Repurchase Strategy: The company can repurchase shares through various methods including open market purchases and block trades, allowing it to adapt to market conditions and financial performance, ensuring the effectiveness and efficiency of the repurchase activities.
- Market Reaction Expectations: Although the repurchase program does not obligate the company to buy a specific number of shares, its execution will depend on market conditions and capital needs, which is expected to positively impact stock prices and enhance investor confidence.
See More
Seacoast Banking Corporation Renews Share Repurchase Program Up to $150 Million
- Repurchase Program Renewal: Seacoast Banking Corporation announced on December 19, 2025, that its Board renewed the share repurchase program until December 31, 2026, allowing for up to $150 million in repurchases, which represents approximately 5% of the company's outstanding shares, aimed at enhancing shareholder value.
- Flexible Repurchase Strategy: The new program permits share repurchases through various methods including open market purchases, block trades, or privately negotiated transactions, enabling the company to respond flexibly to market conditions and financial performance while optimizing its capital structure.
- Market Response Consideration: The timing and actual number of shares repurchased will depend on various factors including market conditions, pricing, and regulatory requirements, reflecting the company's cautious and flexible approach to capital management aimed at boosting investor confidence.
- Asset Scale Growth: As of September 30, 2025, Seacoast reported approximately $16.7 billion in assets and $13.1 billion in deposits, with the recent acquisition of Villages Bancorporation adding about $4.1 billion in assets, further solidifying its market position.
See More
Seacoast Banking Corporation Q4 2025 Earnings Highlights
- Strong Loan Growth: Seacoast Banking reported a 15% annualized growth rate in loan outstandings, driven by the success of its commercial banking team and additional mortgage volume from the Villages acquisition, which not only enhances market share but also strengthens its competitive position in the financial sector.
- Outstanding Income Performance: Adjusted net income reached $47.7 million, an 18% year-over-year increase, while pretax pre-provision earnings hit $93.2 million, reflecting a 39% quarter-over-quarter growth, showcasing effective strategies in cost control and revenue enhancement that bolster investor confidence.
- Asset Management Expansion: The wealth management division added $550 million in new assets, contributing to a 20% year-over-year increase in noninterest income, indicating significant progress in diversifying revenue streams and enhancing overall profitability.
- Optimistic Future Outlook: Management anticipates earnings per share for 2026 to range between $2.48 and $2.52, with plans to increase banker count by 15% in the coming year, laying a solid foundation for long-term growth and further enhancing shareholder returns.
See More
Seacoast Banking to Release Q4 2025 Earnings on January 29
- Earnings Release Schedule: Seacoast Banking Corporation will announce its fourth quarter 2025 results on January 29 after market close, with investors able to access the information via the company website, which may influence market expectations.
- Conference Call Announcement: The company will host a conference call on January 30 at 10:00 a.m. Eastern Time to discuss the earnings and business trends, with investors able to dial in at 800-715-9871, reflecting the company's commitment to transparency and investor communication.
- Asset Overview: As of September 30, 2025, Seacoast Banking reported total assets of $16.7 billion and deposits of $13.1 billion, indicating a solid market position in Florida.
- Branch Expansion: The 19 recently acquired branches will operate under the Citizens First Bank name until the system conversion in 2026, showcasing the company's strategic expansion efforts in Florida.
See More
Seacoast Banking Corporation to Release Q4 2025 Earnings on January 29
- Earnings Release Schedule: Seacoast Banking Corporation is set to release its Q4 2025 earnings on January 29 after market close, with investors able to access results via the company’s website, which may influence market sentiment.
- Conference Call Announcement: The company will host a conference call on January 30 at 10:00 AM ET to discuss earnings and business trends, with investors able to dial in at 800-715-9871, reflecting the company's commitment to transparency and investor communication.
- Asset Overview: As of September 30, 2025, Seacoast Banking Corporation reported $16.7 billion in assets and $13.1 billion in deposits, indicating a solid market position in Florida that could attract more customers.
- Branch Expansion: Seacoast operates 104 full-service branches across Florida and offers advanced mobile and online banking solutions, demonstrating its ongoing efforts in digital transformation.
See More
Pinnacle Financial Partners Trading 32.3% Below Fair Value Amid Growth Prospects
- Market Strength: As of the end of 2025, the U.S. stock market is notably strong, with the S&P 500 reaching all-time highs, reflecting investor confidence amid rising precious metal prices and stable Treasury yields.
- Pinnacle Financial Overview: Pinnacle Financial Partners has a market cap of $7.79 billion and generates $1.89 billion in annual revenue, with earnings and revenue expected to grow significantly over the next three years, despite a low forecasted return on equity of 11.3%.
- M&A Impact: The recent regulatory approval for Pinnacle's merger with Synovus Financial Corp is expected to positively influence future performance, with integration efforts projected to be completed by 2027, enhancing market competitiveness.
- Other Undervalued Stocks: In the U.S. market, companies like Zymeworks, UMB Financial, and Sportradar show significant undervaluation potential, with estimated discounts ranging from 48% to 49%, attracting investor interest.
See More
Seacoast Banking Corporation Renews $150 Million Share Repurchase Program
- Repurchase Program Renewal: Seacoast Banking Corporation's Board renewed its share repurchase program on December 19, 2025, allowing for the repurchase of up to $150 million in shares by December 31, 2026, which is expected to enhance shareholder value and boost market confidence.
- Increased Share Coverage: The new program covers approximately 5% of the outstanding shares, indicating the company's confidence in its stock, which may lead to an increase in earnings per share and attract more investor interest.
- Flexible Repurchase Strategy: The company can repurchase shares through various methods including open market purchases and block trades, allowing it to adapt to market conditions and financial performance, ensuring the effectiveness and efficiency of the repurchase activities.
- Market Reaction Expectations: Although the repurchase program does not obligate the company to buy a specific number of shares, its execution will depend on market conditions and capital needs, which is expected to positively impact stock prices and enhance investor confidence.
See More
Seacoast Banking Corporation Renews Share Repurchase Program Up to $150 Million
- Repurchase Program Renewal: Seacoast Banking Corporation announced on December 19, 2025, that its Board renewed the share repurchase program until December 31, 2026, allowing for up to $150 million in repurchases, which represents approximately 5% of the company's outstanding shares, aimed at enhancing shareholder value.
- Flexible Repurchase Strategy: The new program permits share repurchases through various methods including open market purchases, block trades, or privately negotiated transactions, enabling the company to respond flexibly to market conditions and financial performance while optimizing its capital structure.
- Market Response Consideration: The timing and actual number of shares repurchased will depend on various factors including market conditions, pricing, and regulatory requirements, reflecting the company's cautious and flexible approach to capital management aimed at boosting investor confidence.
- Asset Scale Growth: As of September 30, 2025, Seacoast reported approximately $16.7 billion in assets and $13.1 billion in deposits, with the recent acquisition of Villages Bancorporation adding about $4.1 billion in assets, further solidifying its market position.
See More
