Seacoast Banking Corporation of Florida (SBCF) Earnings
Seacoast Banking Corporation of Florida is expected to report next earnings on July 23, 2026 (in NaN days), with a consensus EPS estimate of $0.59. SBCF has beaten EPS estimates in 7 of its last 12 reported quarters (average surprise +3.0% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 29, 2026 | $0.58 | $0.62 | +6.9% | $205M | -0.2% |
| Jan 29, 2026 | $0.51 | $0.44 | -13.7% | $248M | +20.8% |
| Jul 24, 2025 | $0.42 | $0.52 | +23.8% | $151M | -0.7% |
| Apr 24, 2025 | $0.40 | $0.38 | -5.0% | $141M | +2.1% |
| Jan 27, 2025 | $0.30 | $0.48 | +60.0% | $133M | +1.0% |
| Oct 24, 2024 | $0.36 | $0.36 | +0.0% | $130M | +0.9% |
| Jul 25, 2024 | $0.34 | $0.36 | +5.9% | $127M | +0.3% |
| Apr 25, 2024 | $0.35 | $0.37 | +5.7% | $126M | -2.9% |
| Jan 25, 2024 | $0.40 | $0.43 | +7.5% | $128M | -5.5% |
| Oct 26, 2023 | $0.40 | $0.46 | +15.0% | $137M | -1.3% |
| Jul 27, 2023 | $0.41 | $0.37 | -9.8% | $149M | -1.1% |
| Apr 27, 2023 | $0.15 | $0.15 | +0.0% | $180M | +6.8% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 29, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- SECOS team had robust deposit growth, especially non-interest-bearing deposits, net interest margin expansion, solid commercial loan production momentum though impacted by payoffs, strong asset quality, non-interest income well-performing from various businesses, excellent expense discipline with adjusted deficiency ratio 55% and ratio of adjusted non-interest expense to tangible assets near 2.1%, adjusted return on assets 1.31% and adjusted return on tangible equity 16.3%. - Strategy to drive shareholder returns on track, combined franchise has strong earnings power. - Wealth management team had strong results with income growth 36% year-over-year and AUM growth 33% year-over-year. - Operating leverage improved with efficiency ratio at 59.5% and adjusted efficiency ratio at 55.3%.
Guidance
Remains confident in 2026 outlook. Adjusted earnings per share outlook remains unchanged at $2.48 to $2.52 despite two less rate cuts. Potential for slightly lower revenue due to change in expected rate cuts but no change to bottom line results.
Segment performance
Net income was $31.9 million, or $0.29 per share in the first quarter. Adjusted net income was $67.8 million, or $0.62 per share. Net interest income totaled $178.2 million, up $1.9 million from prior quarter. Net interest margin expanded 17 basis points to 3.83%. Reported non-interest income was a net loss of $12.6 million. Adjusted non-interest income totaled $26.9 million. Wealth management income grew 36% year-over-year. Loans ended at $12.6 billion. Total deposits increased $382 million during the quarter. Asset quality metrics remain solid with allowance for credit losses at 1.39% of loans.
Risks & headwinds
- Macro uncertainty impacts on loan growth and pipeline. - Cost saves from villages conversion may be affected by normal annual pay cycle increase and efficiency ratio movement. - Deposit costs may stabilize or increase without Fed rate cuts as deposit balances grow.
Analyst Q&A
Q: Woody Ley asked about loan growth, pipeline in 2Q26 and macro uncertainty.
A: Pipeline strong, expect return to high single digits in coming quarters, macro uncertainty impacts unknown.
Q: Rosalind Gunther asked about core margin trend, deposit cost ability to lower.
A: Expect continued margin expansion in 2Q and 3Q, deposit costs may stabilize or increase without Fed cuts.
Q: Liam Cooheel asked about successful business areas and wealth management growth.
A: Growth broad-based in villages, expansionary markets, wealth management expected to continue growing.
Q: Kyle Gehrman asked about banker hiring progress and M&A appetite.
A: About halfway done with banker hiring, near-term focus on villages conversion, may evaluate M&A in Florida markets post-conversion