SEACOAST BANKING CORP OF FLORIDA
For the period ended Mar 31, 2026. Filed May 6, 2026.
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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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Consolidated statements of income – months ended and
CONSOLIDATED STATEMENTS OF INCOME (Unaudited)
| Three Months Ended March 31, | ||
|---|---|---|
| (In thousands, except per share data) | 2026 | 2025 |
| Interest and fees on loans | $185,731 | $150,640 |
| Interest and dividends on securities | 60,091 | 29,415 |
| Interest on interest-bearing deposits and other investments | 4,884 | 4,200 |
| Total Interest Income | 250,706 | 184,255 |
| Interest on deposits | 44,586 | 43,626 |
| Interest on time certificates | 17,583 | 14,973 |
| Interest on borrowed money | 12,067 | 7,139 |
| Total Interest Expense | 74,236 | 65,738 |
| Net Interest Income | 176,470 | 118,517 |
| Provision for credit losses | 761 | 9,250 |
| Net Interest Income after Provision for Credit Losses | 175,709 | 109,267 |
| Noninterest income (loss): | ||
| Service charges on deposit accounts | 6,912 | 5,180 |
| Wealth management income | 5,777 | 4,248 |
| Mortgage banking income | 2,166 | 404 |
| Interchange income | 2,067 | 1,807 |
| Insurance agency income | 1,790 | 1,620 |
| BOLI income | 2,617 | 2,468 |
| Other | 5,585 | 6,257 |
| Total Noninterest Income Before Securities (Losses) Gains, Net | 26,914 | 21,984 |
| Securities (losses) gains, net | (39,528) | 196 |
| Total Noninterest (Loss) Income | (12,614) | 22,180 |
| Noninterest expense: | ||
| Salaries and employee benefits | 62,645 | 51,109 |
| Outsourced data processing costs | 11,995 | 8,504 |
| Occupancy | 9,235 | 7,350 |
| Furniture and equipment | 2,821 | 2,128 |
| Marketing | 3,467 | 2,748 |
| Legal and professional fees | 3,170 | 2,740 |
| FDIC assessments | 3,195 | 2,194 |
| Amortization of intangibles | 10,098 | 5,309 |
| OREO expense and net loss on sale | 63 | 241 |
| Provision for credit losses on unfunded commitments | 150 | 150 |
| Merger and integration costs | 8,536 | 1,051 |
| Other | 6,796 | 7,073 |
| Total Noninterest Expense | 122,171 | 90,597 |
| Income Before Income Taxes | 40,924 | 40,850 |
| Provision for income tax expense | 9,029 | 9,386 |
| Net Income | 31,895 | 31,464 |
| Preferred dividends | 2,138 | — |
|---|---|---|
| Net income available to common shareholders | $29,757 | $31,464 |
| Net income per share of common stock | ||
| Diluted | $0.29 | $0.37 |
| Basic | 0.30 | 0.37 |
| Average common shares outstanding | ||
| Diluted | 97,838 | 85,388 |
| Basic | 96,840 | 84,648 |
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