STUART, Fla.--(BUSINESS WIRE)--Seacoast Banking Corporation of Florida (NASDAQ: SBCF), a bank holding company whose operating entity is Seacoast Bank, today announced it will release fourth quarter 2025 results on January 29th, after the market closes. Upon release, investors may access a copy of Seacoast's earnings results at the company's website www.SeacoastBanking.com on the home page by selecting "Press Releases†under the heading "News/Events.†Seacoast will host a conference call January. ...

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STUART, Fla.--(BUSINESS WIRE)--Seacoast Banking Corporation of Florida ("Seacoast†or the "Company†) (NASDAQ: SBCF) announced that on December 19, 2025, its Board of Directors (the "Board†) renewed the Company's share repurchase program, which was set to expire on December 31, 2025. Under the renewed repurchase program, which will expire on December 31, 2026, the Company may repurchase, from time to time, up to $150 million of its shares of common stock, an increase over the current repurchase. ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the "long context," investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

Core Insights - Quavo, Inc. has partnered with Seacoast Bank to enhance dispute management solutions, aiming to streamline operations, protect against fraud, and improve customer experience [1][2][3] Company Overview - Quavo is a leading technology partner for financial institutions, focusing on automating the dispute lifecycle and enhancing customer trust through faster resolutions [4] - Seacoast National Bank is one of Florida's largest community banks, with approximately $16.7 billion in assets and $13.1 billion in deposits as of September 30, 2025 [5] Partnership Details - The collaboration will utilize Quavo's QFD® platform, which automates the entire dispute process from intake to resolution, leveraging agentic AI trained on millions of cases to detect and prevent fraud [3][4] - Seacoast Bank aims to improve compliance with Regulation E, reduce fraud losses, and scale operations efficiently through this partnership [2][6] Strategic Goals - The partnership is designed to help Seacoast Bank resolve disputes more quickly and transparently, ultimately enhancing the overall customer experience [3][4] - Seacoast Bank's recognition as a 2025 Inc. Magazine Best Workplace highlights its commitment to innovation and employee excellence [3]

Financial Performance - Net income for Q3 2025 was $36.5 million, or $0.42 per diluted share, a 19% increase compared to Q3 2024[113] - Adjusted net income for Q3 2025 rose 48% year-over-year to $45.2 million, or $0.52 per share[113] - For the nine months ended September 30, 2025, net income totaled $110.6 million, a 27% increase compared to the same period in 2024[114] - Net income for Q3 2025 was $36,467,000, a decrease of 14.3% from Q2 2025's $42,687,000 and an increase of 19.0% from Q3 2024's $30,651,000[146] - Adjusted net income for Q3 2025 reached $45,164,000, compared to $44,466,000 in Q2 2025 and $30,511,000 in Q3 2024, reflecting a year-over-year increase of 47.9%[146] - Earnings per diluted share for Q3 2025 was $0.42, down from $0.50 in Q2 2025 but up from $0.36 in Q3 2024[146] - Adjusted earnings per diluted share for Q3 2025 was $0.52, consistent with Q2 2025 and up from $0.36 in Q3 2024[146] Acquisitions - The acquisition of Heartland Bancshares, completed on July 11, 2025, added approximately $153.3 million in loans and $705.2 million in deposits[107] - The acquisition of Villages Bancorporation, completed on October 1, 2025, expanded the company's presence with 19 new branches[108] - Seacoast expects the Heartland acquisition to be accretive to earnings in 2026, with tangible book value dilution earned back in approximately two years[107] - Total assets increased by $1.5 billion, or 10%, to $16.7 billion as of September 30, 2025, including the acquisition of Heartland which added $823.5 million in assets[149] Asset and Loan Growth - Organic deposit growth was 7% annualized, while organic loan growth was 8% annualized[113] - Average loans increased by $246.1 million (2%) in Q3 2025 compared to Q2 2025, and by $676.3 million (7%) compared to Q3 2024[117] - Loans, net of unearned income, totaled $11.0 billion at September 30, 2025, a $664.2 million, or 6.4%, increase from December 31, 2024[158] - CRE owner-occupied loans increased by $212.1 million, or 13%, totaling $1.9 billion at September 30, 2025[163] - Residential real estate loans rose by $78.0 million to $2.7 billion at September 30, 2025, with $1.0 billion in fixed-rate mortgages and $1.0 billion in adjustable-rate mortgages[165] - Commercial and financial loans increased by $156.6 million, or 9%, totaling $1.8 billion at September 30, 2025[166] Interest Income and Margin - Net interest income for Q3 2025 was $133.5 million, a 5% increase from Q2 2025[113] - Net interest income for Q3 2025 was $133,468,000, an increase of 5.0% from $126,864,000 in Q2 2025 and up 25.1% from $106,665,000 in Q3 2024[146] - The yield on securities was 3.89% for the nine months ended September 30, 2025, compared to 3.65% for the same period in 2024[117] - Net interest margin decreased one basis point to 3.57% in Q3 2025, but increased 40 basis points from 3.17% in Q3 2024, driven by lower deposit costs[116] Deposits and Funding - Total deposits increased by $847.9 million, or 7%, to $13.1 billion at September 30, 2025, driven by customer growth and the Heartland acquisition[193] - The cost of average total deposits was 1.81% in Q3 2025, down from 2.34% in Q3 2024[120] - Noninterest demand deposits represented 28% of total deposits at September 30, 2025, compared to 27% at December 31, 2024[194] - The cost of funds was 1.96% in Q3 2025, down from 2.43% in Q3 2024[116] Noninterest Income and Expenses - Noninterest income for Q3 2025 totaled $23.8 million, a decrease of $0.7 million, or 3%, from Q2 2025, but an increase of $0.1 million, or 1%, from Q3 2024[128] - Noninterest expense for Q3 2025 was $102.0 million, an increase of $10.3 million, or 11%, from Q2 2025, and an increase of $17.2 million, or 20%, from Q3 2024[135] - Wealth management income reached $4.6 million in Q3 2025, up $0.4 million, or 9%, from Q2 2025, and up $0.7 million, or 19%, from Q3 2024, with assets under management increasing by $414.1 million, or 20%[129] Credit Quality - The allowance for credit losses was $141,285 thousand as of September 30, 2025, slightly improved from $145,579 thousand in the previous year[127] - Nonperforming assets (NPAs) decreased to $65.6 million, down 34% from $98.9 million at the end of 2024[177] - The ratio of allowance for credit losses to total loans was 1.34% at September 30, 2025, unchanged from December 31, 2024[184] - The Company recorded a provision expense of $8.4 million for Q3 2025, compared to $6.3 million in Q3 2024[183] Capital and Ratios - The company maintains a strong capital position with a Tier 1 capital ratio of 14.5% and a tangible common equity to tangible assets ratio of 9.8%[113] - Shareholders' equity increased to $2,345,233 thousand in Q3 2025, up from $2,252,208 thousand in Q2 2024, reflecting a growth of 4.13%[126] - The total risk-based capital ratio was 15.90% at September 30, 2025, well above the regulatory minimum of 10.00%[208] Interest Rate Sensitivity - The projected impact of a +3.00% change in interest rates on net interest income for the 1-12 months is a decrease of 5.2%[215] - The Economic Value of Equity (EVE) is sensitive to interest rate changes, with a projected decrease of 18.3% for a +3.00% rate change and an increase of 9.4% for a -2.00% rate change[225] - A gradual shift in interest rates would have a more modest impact on EVE compared to an instantaneous shift[225]

Financial Data and Key Metrics Changes - Adjusted net income increased 48% year-over-year to $45.2 million or $0.52 per share [6] - Organic deposits grew $212 million or 7% annualized, including $80 million in non-interest-bearing deposits [6][15] - Net interest income was $133.5 million, a 5% increase from the prior quarter, and net interest margin expanded 3 basis points to 3.32% [6][8] - Tangible book value per share increased 9% year-over-year to $17.61 [7] Business Line Data and Key Metrics Changes - Wealth management achieved a record quarter with $258 million in new assets under management (AUM), the highest quarterly result in the division's history [9] - Non-interest income, excluding securities activity, was $24.7 million, increasing 5% from the prior year quarter [9] - Loan outstandings, excluding the impact of the Heartland acquisition, increased at an annualized 8% [11] Market Data and Key Metrics Changes - The pipeline for loans increased 30% to $1.2 billion, indicating strong demand across markets [11] - Non-performing loans declined by $3.6 million during the quarter, representing only 0.55% of total loans [13] Company Strategy and Development Direction - The company is focused on enhancing its return profile while delivering strong growth on both sides of the balance sheet [2] - The Villages Bancorporation acquisition is expected to provide significant growth opportunities and enhance liquidity [3][16] - The company aims to maintain a disciplined, conservative credit culture while expanding its loan portfolio [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth outlook and ability to deliver continued improvements and returns into 2026 [4][16] - The competitive landscape remains challenging, with tight credit spreads, but the company is navigating carefully [86] Other Important Information - The Heartland acquisition added four branches and approximately $824 million in assets, while The Villages acquisition added 19 branches and over $4 billion in assets [7][16] - The company expects to exit the year with a core net interest margin reaching approximately 3.45% [8] Q&A Session Summary Question: Growth outlook and pipeline momentum - Management highlighted impressive growth despite recent acquisitions and expressed confidence in maintaining high single-digit growth moving forward [21][24] Question: The Villages deal update - Management reported a smooth integration process and emphasized the importance of a seamless conversion for customers [40][42] Question: Loan pricing and spreads - Management noted that credit spreads are tight, particularly for high-quality loans, and emphasized a cautious approach [86] Question: Future investments and technology - Management confirmed ongoing investments in technology and infrastructure to support growth and compete effectively [48][49]

Financial Data and Key Metrics Changes - Adjusted net income increased 48% year over year to $45.2 million or $0.52 per share [6] - Organic deposits grew $212 million or 7% annualized, including $80 million in non-interest-bearing deposits [6][15] - Loan production showed organic growth of 8% on an annualized basis [6] - Net interest income was $133.5 million, a 5% increase from the prior quarter, and net interest margin expanded 3 basis points to 3.32% [6][8] Business Line Data and Key Metrics Changes - Wealth management achieved a record-breaking quarter with $258 million in new assets under management (AUM) [9] - Non-interest income, excluding securities activity, was $24.7 million, a 5% increase from the prior year quarter [9] - Non-interest expense increased to $102 million, including $10.8 million in merger-related expenses [10] Market Data and Key Metrics Changes - The loan pipeline increased 30% to $1.2 billion, indicating strong demand across markets [11] - Non-performing loans declined by $3.6 million, representing only 0.55% of total loans [13] - Customer transaction accounts made up 48% of total deposits, reflecting a strong relationship-focused approach [14] Company Strategy and Development Direction - The company is focused on enhancing its return profile while delivering strong growth on both sides of the balance sheet [2] - The Villages acquisition is expected to enhance liquidity and provide significant growth opportunities [3][12] - The company aims to maintain a disciplined, conservative credit culture while diversifying its loan portfolio [12][13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth outlook and ability to deliver improvements and returns into 2026 [4][16] - The company anticipates continued high single-digit organic loan growth in the coming quarters [11] - Management noted that the market remains strong with broad-based demand across various sectors [45] Other Important Information - The company completed the acquisition of Heartland Bank shares, adding four branches and approximately $824 million in assets [7] - The technology conversion for the Heartland acquisition was fully completed in the third quarter [7] - The company expects to exit the year with a core net interest margin of approximately 3.45% [8] Q&A Session Summary Question: Growth outlook and pipeline momentum - Management highlighted impressive growth despite ongoing acquisitions and expressed confidence in maintaining high single-digit growth [22][24] Question: Expansion into Atlanta - Management discussed the strategy for expanding into Atlanta, focusing on commercial real estate and building a presence in the market [30][32] Question: Update on The Villages deal - Management reported a smooth integration process and emphasized the importance of a seamless conversion for customers [40][42] Question: Loan pricing and spreads - Management noted that credit spreads are tight and competitive, but they are navigating this carefully [86] Question: Impact of rising insurance costs in Florida - Management indicated that insurance premiums are stabilizing and not significantly impacting operations [90][91]

Financial Data and Key Metrics Changes - Adjusted net income increased 48% year over year to $45.2 million or $0.52 per share [5] - Organic deposits grew $212 million or 7% annualized, including $80 million in non-interest-bearing deposits [5][16] - Net interest income was $133.5 million, a 5% increase from the prior quarter, and net interest margin expanded 3 basis points to 3.32% [5][8] - Tangible book value per share increased 9% year over year to $17.61 [6][16] - Tier-one capital ratio is 14.5%, and tangible common equity to tangible assets ratio is 9.8% [6][16] Business Line Data and Key Metrics Changes - Wealth management achieved a record-breaking quarter with $258 million in new assets under management (AUM) [9] - Non-interest income, excluding securities activity, was $24.7 million, a 5% increase from the prior year quarter [9] - Non-interest expense increased to $102 million, including $10.8 million in merger-related expenses [10] Market Data and Key Metrics Changes - Loan outstandings, excluding the impact of the Heartland acquisition, increased at an annualized 8% [11] - The pipeline increased 30% to $1.2 billion, indicating strong demand across markets [11] - Customer transaction accounts represent 48% of total deposits, highlighting a relationship-focused approach [14] Company Strategy and Development Direction - The company is focused on organic growth and profitability goals while integrating recent acquisitions [17] - The Villages acquisition is expected to enhance liquidity and provide significant growth opportunities [3][17] - The company aims to maintain a disciplined credit culture while expanding its loan portfolio [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth outlook and ability to deliver improvements and returns into 2026 [4][17] - The company anticipates continued high single-digit organic loan growth in the coming quarters [11] - Management noted that credit spreads are tight, but they are navigating the competitive landscape carefully [77] Other Important Information - The technology conversion for the Heartland acquisition was completed in Q3, and the Villages conversion is planned for early Q3 2026 [7][38] - The company has limited exposure to shared national credits or non-depository financial institutions [15] Q&A Session Summary Question: Growth outlook and pipeline momentum - Management highlighted impressive growth despite recent acquisitions and expressed confidence in maintaining high single-digit growth moving forward [22][24] Question: The Villages acquisition update - Management reported a smooth integration process and strong reception in the Villages market, with plans for extensive customer engagement [37][40] Question: Loan pricing and spreads - Management noted that credit spreads are tight and competitive, but they are being cautious in their approach [75][77] Question: Future investments and technology - Management confirmed ongoing investments in technology and infrastructure to support growth and enhance customer offerings [45][46]

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