SEACOAST BANKING CORP OF FLORIDA

For the period ended Mar 31, 2026. Filed May 6, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed May 6, 2026

SBCF$34.07-0.1%Stored close · as of Nov 10, 2026

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Contents

Consolidated statements of cash flows – and

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

	Three Months Ended March 31,
(In thousands)	2026	2025
Cash Flows from Operating Activities
Net income	$31,895	$31,464
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	2,894	2,205
Accretion of discounts on securities, net	(4,506)	(807)
Amortization of operating lease ROUAs	2,590	2,234
Other amortization and accretion, net	3,242	1,983
Stock-based compensation	4,480	3,038
Origination of loans designated for sale	(68,084)	(15,964)
Sale of loans designated for sale	67,980	18,778
Provision for credit losses	761	9,250
Deferred income taxes	4,052	857
Losses (gains) on securities	39,528	(196)
Gains on sale of loans	(1,728)	(1,992)
Losses on sale and write-downs of OREO	—	134
Losses on disposition of fixed assets and write-downs upon transfer of bank premises to OREO	176	86
Changes in operating assets and liabilities:
Net decrease (increase) in other assets	815	(8,048)
Net decrease in other liabilities	(12,310)	(12,016)
Net cash provided by operating activities	$71,785	$31,006
Cash Flows from Investing Activities
Maturities and repayments of debt securities AFS	201,067	121,302
Maturities and repayments of debt securities HTM	10,002	10,575
Proceeds from sale of debt securities AFS	277,155	—
Purchases of debt securities AFS	(420,310)	(485,904)
Maturities and redemptions of time deposits with other banks	11,934	1,721
Net new loans and principal repayments	(9,557)	(161,430)
Proceeds from the sale of loans held for investment	—	14,532
Proceeds from sale of OREO	—	97
Proceeds from sale of FHLB and Federal Reserve Bank stock	15,683	9,026
Purchase of FHLB and Federal Reserve Bank stock	(15,694)	(20,020)
Additions to bank premises and equipment	(2,299)	(3,214)
Net cash provided by (used in) investing activities	$67,981	$(513,315)

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

	Three Months Ended March 31,
(In thousands)	2026	2025
Cash Flows from Financing Activities
Net increase in deposits	$381,606	$332,369
Net decrease in repurchase agreements	(11,543)	(30,943)
Net decrease in FHLB borrowings with original maturities of three months or less	(90,000)	—
Repayments of FHLB borrowings with original maturities of more than three months	(130,000)	—
Proceeds from FHLB borrowings with original maturities of more than three months	160,000	220,000
Stock-based employee benefit plans	840	289
Repurchase of common stock	(10,000)	—
Dividends paid	(20,835)	(15,441)
Net cash provided by financing activities	$280,068	$506,274
Net increase in cash and cash equivalents	419,834	23,965
Cash and cash equivalents at beginning of period	388,545	476,607
Cash and cash equivalents at end of period	$808,379	$500,572
Supplemental disclosure of cash flow information:
Cash paid for interest	$77,586	$68,270
Cash paid for taxes, net	60	—
Recognition of operating lease ROUAs, other than through bank acquisitions, net of terminations	1,307	7,866
Recognition of operating lease liabilities, other than through bank acquisitions, net of terminations	1,307	7,866
Transfers from loans to OREO	—	986
1See "Note 11 – Business Combinations" for non-cash transactions related to business combinations.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.