| --- | --- | |-------|-------| | | | | | | | | | | | | | EARNINGS PRESENTATION | | | THIRD QUARTER 2023 | 2023 | Cautionary Notice Regarding Forward-Looking Statements 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, statements about future financial and operating results, cost savings, enhanced revenues, eco ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to __________________. Commission File No. 0-13660 Seacoast Banking Corporation of Florida (Exact Name of Registrant as Specified in its Charter) ...

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Q2 2023 Earnings Conference Call July 28, 2023 10:00 AM ET Company Participants Chuck Shaffer - Chairman and Chief Executive Officer Tracey Dexter - Chief Financial Officer Michael Young - Treasurer and Director of Investor Relations Conference Call Participants Brady Gailey - Keefe, Bruyette, & Woods David Feaster - Raymond James & Associates Brandon King - Truist Securities Stephen Scouten - Piper Sandler Companies Operator Greetings. Welcome to Seacoa ...

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, statements about future financial and operating results, cost savings, enhanced revenues, economic and seasonal conditions in the Company's markets, and improvements to reported earnings that may be realized from cost controls, tax law changes, new initiatives a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to __________________. Commission File No. 0-13660 Seacoast Banking Corporation of Florida (Exact Name of Registrant as Specified in its Charter ...

Financial Data and Key Metrics Changes - The company reported a 10% increase in net interest income, reaching over $131 million, supported by higher loan yields and balances [50][63] - Adjusted pretax pre-provision earnings grew by 7% to $71.1 million, with a pretax pre-provision return on assets of 2.18% [49] - The net interest margin (NIM) slightly declined by 5 basis points to 4.31% [51][65] - The allowance for credit losses increased to $155.6 million, representing 1.54% of total loans [95] Business Line Data and Key Metrics Changes - Loan originations were primarily driven by the acquisition of Professional Bank, with a loan-to-deposit ratio of 82% [53][54] - Average loan yields increased by 57 basis points to 5.86%, including 69 basis points of accretion [58] - Adjusted noninterest income rose to $20.2 million, a 15% increase year-over-year [66] Market Data and Key Metrics Changes - The company has a strong deposit base with transaction accounts representing 59% of total deposits, highlighting a relationship-focused approach [83] - The cost of deposits increased to 77 basis points, reflecting competitive pressures in the market [84] - The Florida market continues to show strength, with significant population growth and economic resilience [76][141] Company Strategy and Development Direction - The company is focused on profitability and strong risk-adjusted returns, with a prudent approach to loan growth amid economic uncertainty [1][73] - There is an emphasis on maintaining a fortress balance sheet and capital generation, particularly following recent acquisitions [22][100] - The company aims to leverage its strong deposit franchise and customer relationships to drive future growth [40][112] Management's Comments on Operating Environment and Future Outlook - Management noted that the economic environment remains dynamic, with potential impacts from further rate hikes and quantitative tightening [13][31] - The company is prepared for potential downturns, with a strong capital position and disciplined credit culture [112][141] - Management expressed confidence in the stability of deposits despite recent banking sector volatility [61][99] Other Important Information - The company completed the acquisition of Professional Bank, which added $2 billion in deposits and increased market share in South Florida [44][54] - The efficiency ratio on an adjusted basis was 53%, reflecting disciplined expense management [56] - The company has a robust common equity Tier 1 ratio of 12.8% and a tangible common equity to tangible assets ratio of 8.4% [46] Q&A Session Summary Question: Impact of recent bank failures on deposits - Management confirmed no impact on deposits from recent bank failures, indicating stability in the deposit base [105] Question: Loan growth outlook - Management noted a conservative approach to lending, focusing on C&I loans and reducing exposure to construction and land development [108][120] Question: Customer growth trends - Management highlighted strong net customer growth in March, attributed to new talent and marketing efforts [116][118] Question: Reserve levels and economic conditions - Management discussed the allowance for credit losses and the potential need for adjustments based on evolving economic conditions [128] Question: Outlook for yield accretion - Management indicated that yield accretion is expected to trend down over time, but remains a significant contributor to net interest income [154]

This presentation contains "forward-looking statements" within the meaning, and protections, of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including, without limitation, statements about future financial and operating results, cost savings, enhanced revenues, economic and seasonal conditions in the Company's markets, and improvements to reported earnings that may be realized from cost controls, tax law changes, new initiatives and for integration of ban ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _________ Commission File No. 0-13660 Seacoast Banking Corporation of Florida (Exact Name of Registrant as Specified in its Charter) | Florida | | | 59-2260678 | | --- ...

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Q4 2022 Earnings Conference Call January 27, 2023 10:00 AM ET Company Participants Chuck Shaffer - Chairman and CEO Tracey Dexter - CFO Michael Young - Treasurer and Director of IR Conference Call Participants Brady Gailey - KBW David Feaster - Raymond James Brandon King - Truist Securities Operator Greetings, and welcome to the Seacoast Banking Corporation's Fourth Quarter and Full-Year 2022 Earnings Conference Call. My name is Malika, and I will be you ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to __________________. Commission File No. 0-13660 Seacoast Banking Corporation of Florida (Exact Name of Registrant as Specified in its Cha ...