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1. Company Snapshot

1.a. Company Description

Seacoast Banking Corporation of Florida operates as the bank holding company for Seacoast National Bank that provides financial services to retail and commercial customers in Florida.It offers commercial and retail banking, wealth management, and mortgage services; and brokerage and annuity services.The company offers noninterest and interest-bearing demand deposit, money market, savings, and customer sweep accounts; time certificates of deposit; construction and land development, commercial and residential real estate, and commercial and financial loans; and consumer loans, including installment loans and revolving lines, as well as loans for automobiles, boats, and personal or family purposes.


As of December 31, 2021, it had 54 branch and commercial lending offices.The company was founded in 1926 and is headquartered in Stuart, Florida.

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1.b. Last Insights on SBCF

The recent 3 months performance of Seacoast Banking Corporation of Florida was negatively impacted by a decline in investor sentiment, as evidenced by a 7.85% drop in the stock price over the past 4 weeks. The company's technical indicators suggest that it is in oversold territory, which may have exhausted the heavy selling pressure. However, the latest trend in earnings estimate revisions may not translate into further price increase in the near term.

1.c. Company Highlights

2. Seacoast Banking Corporation's Q3 2025 Earnings: A Strong Performance

Seacoast Banking Corporation reported an exceptional third-quarter 2025 performance, with adjusted net income increasing 48% year-over-year to $45.2 million or $0.52 per share, beating analyst estimates of $0.47. Net interest income was $133.5 million, a 5% increase from the prior quarter, with a net interest margin of 3.57%. The company's capital position remains strong, with a Tier 1 capital ratio of 14.5% and a tangible common equity to tangible assets ratio of 9.8%.

Publication Date: Nov -24

📋 Highlights
  • Adjusted Net Income Surge:: Jumped 48% YoY to $45.2M ($0.52/share), driven by strong organic growth and acquisition synergies.
  • Deposit Growth:: Organic deposits rose $212M (7% annualized), including $80M in noninterest-bearing deposits, enhancing funding stability.
  • Loan Production Strength:: Annualized loan growth of 8% with a record pipeline, bolstered by Villages acquisition (added $4B in assets, 19 branches).
  • Capital Resilience:: Tier 1 capital ratio at 14.5%, tangible common equity ratio of 9.8%, supporting high creditworthiness and acquisition capacity.
  • Efficiency Gains:: Efficiency ratio improved to 53.8%, with adjusted expenses projected at $110–112M, reflecting operational leverage.

Revenue Growth and Asset Quality

Organic deposits grew $212 million, or 7% annualized, with $80 million in noninterest-bearing deposits. Loan production remained strong, with organic growth in balances of 8% on an annualized basis. Asset quality remains sound, with nonperforming loans declining and net charge-offs lower than prior guidance. The allowance for credit losses totaled $147.5 million, with coverage to total loans remaining flat at 1.34%.

Noninterest Income and Expenses

Noninterest income, excluding securities activity, was $24.7 million, a 5% increase from the prior year quarter. The wealth management team delivered a record quarter in new AUM, adding $258 million. The company's efficiency ratio improved to 53.8%, demonstrating continued operating leverage. Adjusted expenses for the fourth quarter are expected to be in the range of $110 million to $112 million.

Acquisition and Growth Prospects

The acquisition of Villages Bancorporation was completed on October 1, adding 19 branches and over $4 billion in assets. The deal is expected to add value near-term, with opportunities to cross-sell products across the existing footprint. The company's pipeline is at record levels, with broad-based demand across C&I and CRE, and a mix of 50-50 CRE and C&I. Analysts estimate next year's revenue growth at 29.9%.

Valuation

With a Price-to-Tangible Book Value (P/TBV) ratio of 1.11, the stock appears reasonably valued. The Net Interest Margin (NIM) is expected to expand to 3.45% in the fourth quarter. The Dividend Yield is 2.36%, providing a relatively stable source of return. Considering the company's strong capital position and growth prospects, the current valuation seems justified.

3. NewsRoom

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Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Given Average Rating of “Moderate Buy” by Brokerages

Nov -25

Source: defenseworld.net

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Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Given Average Rating of “Moderate Buy” by Brokerages

Oct -31

Source: defenseworld.net

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Seacoast Banking Corporation of Florida (SBCF) Q3 2025 Earnings Call Transcript

Oct -28

Source: seekingalpha.com

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Seacoast Banking (SBCF) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Oct -27

Source: zacks.com

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Seacoast Banking (SBCF) Q3 Earnings and Revenues Surpass Estimates

Oct -27

Source: zacks.com

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Seacoast Reports Third Quarter 2025 Results

Oct -27

Source: businesswire.com

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Seacoast Banking Corporation of Florida Declares Increase to Quarterly Dividend on Common Stock and Declares Quarterly Dividend on Preferred Stock

Oct -23

Source: businesswire.com

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Seacoast Banking (SBCF) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?

Oct -20

Source: zacks.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (2.00%)

6. Segments

Banking and Related Activities

Expected Growth: 2.0%

Seacoast Banking Corporation of Florida's 2.0% growth in Banking and Related Activities is driven by increasing demand for commercial loans, expansion of digital banking services, and strategic acquisitions. Additionally, a strong presence in Florida's growing markets, such as Tampa and Orlando, contributes to the growth. Furthermore, the bank's focus on customer relationships and community development initiatives also supports its growth momentum.

7. Detailed Products

Personal Banking

Seacoast Banking Corporation of Florida offers a range of personal banking services, including checking and savings accounts, credit cards, loans, and investment services.

Business Banking

Seacoast Banking Corporation of Florida provides business banking services, including commercial loans, cash management, and treasury management solutions.

Wealth Management

Seacoast Banking Corporation of Florida offers wealth management services, including investment management, trust services, and financial planning.

Mortgage Lending

Seacoast Banking Corporation of Florida provides mortgage lending services, including residential and commercial mortgage loans.

Treasury Management

Seacoast Banking Corporation of Florida offers treasury management services, including cash management, wire transfers, and account reconciliation.

Online Banking

Seacoast Banking Corporation of Florida provides online banking services, including account access, bill pay, and fund transfers.

8. Seacoast Banking Corporation of Florida's Porter Forces

Forces Ranking

Threat Of Substitutes

Seacoast Banking Corporation of Florida operates in a highly competitive market, with many substitutes available to customers. However, the company's strong brand recognition and customer loyalty help to mitigate this threat.

Bargaining Power Of Customers

Seacoast Banking Corporation of Florida's customers have some bargaining power due to the availability of alternative banking services. However, the company's strong relationships with its customers and its ability to offer personalized services help to reduce this power.

Bargaining Power Of Suppliers

Seacoast Banking Corporation of Florida has a diverse supplier base, which reduces the bargaining power of individual suppliers. The company's strong financial position also gives it the ability to negotiate favorable terms with its suppliers.

Threat Of New Entrants

The banking industry has high barriers to entry, including regulatory hurdles and significant capital requirements. While new entrants may still pose a threat, Seacoast Banking Corporation of Florida's established brand and customer base provide a competitive advantage.

Intensity Of Rivalry

The banking industry is highly competitive, with many established players competing for market share. Seacoast Banking Corporation of Florida must continually innovate and improve its services to remain competitive.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 20.12%
Debt Cost 3.95%
Equity Weight 79.88%
Equity Cost 9.80%
WACC 8.62%
Leverage 25.18%

11. Quality Control: Seacoast Banking Corporation of Florida passed 3 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
First Capital

A-Score: 6.6/10

Value: 8.0

Growth: 5.7

Quality: 5.9

Yield: 6.0

Momentum: 8.5

Volatility: 5.7

1-Year Total Return ->

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Stock-Card
Provident Financial Holdings

A-Score: 6.3/10

Value: 5.3

Growth: 4.3

Quality: 4.3

Yield: 7.0

Momentum: 7.0

Volatility: 10.0

1-Year Total Return ->

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Stock-Card
Seacoast Banking

A-Score: 5.6/10

Value: 4.3

Growth: 5.4

Quality: 6.1

Yield: 4.0

Momentum: 7.0

Volatility: 7.0

1-Year Total Return ->

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Stock-Card
Bank of Marin

A-Score: 5.6/10

Value: 4.5

Growth: 1.9

Quality: 6.0

Yield: 8.0

Momentum: 7.0

Volatility: 6.3

1-Year Total Return ->

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Stock-Card
First of Long Island

A-Score: 5.3/10

Value: 5.0

Growth: 3.1

Quality: 4.1

Yield: 8.0

Momentum: 3.0

Volatility: 8.7

1-Year Total Return ->

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Stock-Card
Heartland Financial USA

A-Score: 4.8/10

Value: 4.1

Growth: 2.2

Quality: 7.8

Yield: 3.0

Momentum: 6.0

Volatility: 5.7

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

32.45$

Current Price

32.45$

Potential

-0.00%

Expected Cash-Flows