Seacoast Banking Corporation Of Florida (SBCF)
NASDAQ:SBCF
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Seacoast Banking Of Florida
(NASDAQ:SBCF)
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Rating:68Neutral
Price Target:
$32.00
â–¼(-2.23% Downside)
Action:Downgraded
Date:05/21/26
The score is driven primarily by solid underlying financial performance and a constructive earnings-call outlook (reiterated guidance, improving margin and deposit trends, strong capital/credit). These positives are moderated by bearish technical signals (below key moving averages with negative MACD) and a less attractive valuation at ~23x earnings despite a ~2.5% dividend yield.
Positive Factors
Stable, low-cost deposit funding
Sizable organic deposit growth and a rising share of noninterest-bearing balances create a durable, low-cost funding base. That funding stability underpins NIM expansion, supports loan originations and securities reinvestment, and reduces reliance on wholesale funding over the medium term.
Negative Factors
Historic margin compression
Material margin compression versus prior peaks limits upside from loan and investment spreads absent further structural funding cost declines. Given competitive pressure on yields and sensitivity to the Fed path, recovering NIM to prior levels may be slow and constrain medium-term profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable, low-cost deposit funding
Sizable organic deposit growth and a rising share of noninterest-bearing balances create a durable, low-cost funding base. That funding stability underpins NIM expansion, supports loan originations and securities reinvestment, and reduces reliance on wholesale funding over the medium term.
Read all positive factors
Seacoast Banking Of Florida (SBCF) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.94B
Dividend Yield2.25%
Average Volume (3M)602.60K
Price to Earnings (P/E)19.5
Beta (1Y)0.95
Revenue Growth18.20%
EPS Growth2.62%
CountryUS
Employees1,518
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.56
Shares Outstanding97,246,770
10 Day Avg. Volume659,806
30 Day Avg. Volume602,596
Financial Highlights & Ratios
PEG Ratio1.44
Price to Book (P/B)0.91
Price to Sales (P/S)3.19
P/FCF Ratio15.50
Enterprise Value/Market Cap1.37
Enterprise Value/Revenue4.39
Enterprise Value/Gross Profit6.94
Enterprise Value/Ebitda20.48
Forecast
1Y Price Target
$32.59Price Target Upside-0.42% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)2.5
Revenue Forecast (FY)$844.44M
Seacoast Banking Of Florida Business Overview & Revenue Model
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...
How the Company Makes Money
SBCF generates most of its revenue through traditional banking activities. The primary source is net interest income: the bank earns interest and fees on loans and other interest-earning assets (such as securities) and pays interest on deposits an...
Seacoast Banking Of Florida Earnings Call Summary
Earnings Call Date:Apr 28, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 23, 2026
Earnings Call Sentiment Positive
The call highlighted strong core earnings momentum, expanded net interest margin, robust deposit growth (notably noninterest-bearing balances), exceptional capital and liquidity, and standout wealth management performance that drove significant adjusted earnings improvements. Lowlights were mostly transitory or one-time in nature — a pretax securities repositioning loss that reduced reported earnings, elevated loan payoffs that temporarily muted loan growth, some mortgage/MSR volatility from the Villages deal, and a modest uptick in nonaccruals. Management reiterated full-year adjusted EPS guidance and provided a clear efficiency and growth framework, while noting rate-path sensitivity and near-term integration/hiring costs. Overall, positive fundamentals and strong forward-looking positioning outweigh the limited, mostly nonrecurring headwinds.Positive Updates
Adjusted Net Income and EPS Growth
Adjusted net income of $67.8M, or $0.62 per share, up 42% sequentially and 111% year-over-year, reflecting meaningful improvement in core earnings power.
Negative Updates
Reported Results Impacted by One-Time Securities Loss
Reported net income was $31.9M, or $0.29 per share, which included a $39.5M pretax loss from the January repositioning of the available-for-sale securities portfolio; reported noninterest income was a net loss of $12.6M.
Read all updates
Q1-2026 Updates
Positive
Negative
Adjusted Net Income and EPS Growth
Adjusted net income of $67.8M, or $0.62 per share, up 42% sequentially and 111% year-over-year, reflecting meaningful improvement in core earnings power.
Read all positive updates
Company Guidance
Seacoast reiterated full‑year 2026 adjusted EPS guidance of $2.48–$2.52 (unchanged despite two fewer expected Fed cuts) and expects further NIM expansion in Q2–Q3 after Q1 net interest income of $178.2M and NIM improvement of 17 bps to 3.83% (3.57% ex‑accretion); management targets a full‑year efficiency ratio of about 53%–55% (Q1 adjusted efficiency 55.3%, reported 59.5%), continued ROA >1.30% and ROTE >16% (Q1 adjusted ROA 1.31%, ROTE 16.26%), a return to high‑single‑digit loan growth as payoffs moderate (loans $12.6B, commercial pipeline >$1B), strong deposit trends (total deposits +$382M or 9.5% annualized, organic deposit growth 7% annualized, noninterest‑bearing +29% annualized, cost of deposits 1.54%, cost of funds 1.71%), and a fortress balance sheet (tangible equity / tangible assets 9.2%, allowance $176M or 1.39% of loans, unrecognized purchase discount $138M, NPLs 0.75%, net charge‑offs 11 bps annualized); they also highlighted Q1 adjusted net income $67.8M ($0.62 per share), ~$277M of securities repositioning (pretax loss $39.5M, reinvested into agency MBS at ~4.8% book yield), and ~317k shares repurchased.Seacoast Banking Of Florida Financial Statement Overview
Summary
Income Statement
73
Positive
Balance Sheet
70
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 912.83M | 869.54M | 808.99M | 768.13M | 446.58M | 354.97M |
| Gross Profit | 578.36M | 535.38M | 498.14M | 528.63M | 404.91M | 356.04M |
| EBITDA | 195.89M | 186.51M | 175.05M | 134.68M | 148.77M | 154.89M |
| Net Income | 145.31M | 144.88M | 120.99M | 104.03M | 106.51M | 124.40M |
Balance Sheet | ||||||
| Total Assets | 21.15B | 20.84B | 15.18B | 14.58B | 12.15B | 9.68B |
| Cash, Cash Equivalents and Short-Term Investments | 201.31M | 5.35B | 2.67B | 2.29B | 2.08B | 2.38B |
| Total Debt | 1.27B | 1.34B | 584.04M | 530.88M | 406.56M | 193.21M |
| Total Liabilities | 18.08B | 17.79B | 12.99B | 12.47B | 10.54B | 8.37B |
| Stockholders Equity | 3.06B | 3.06B | 2.18B | 2.11B | 1.61B | 1.31B |
Cash Flow | ||||||
| Free Cash Flow | 220.69M | 178.89M | 175.87M | 140.32M | 183.21M | 150.25M |
| Operating Cash Flow | 228.94M | 188.06M | 179.90M | 150.61M | 195.86M | 154.57M |
| Investing Cash Flow | -125.57M | -706.76M | -606.88M | 527.45M | -364.88M | -412.51M |
| Financing Cash Flow | 204.43M | 430.64M | 456.41M | -432.82M | -366.77M | 591.58M |
Seacoast Banking Of Florida Technical Analysis
Negative
32.73
Price Trends
30.95
Negative
31.64
Negative
31.16
Negative
Market Momentum
-0.34
Positive
37.25
Neutral
19.70
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SBCF, the sentiment is Negative. The current price of 32.73 is above the 20-day moving average (MA) of 30.34, above the 50-day MA of 30.95, and above the 200-day MA of 31.16, indicating a bearish trend. The MACD of -0.34 indicates Positive momentum. The RSI at 37.25 is Neutral, neither overbought nor oversold. The STOCH value of 19.70 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SBCF.
Seacoast Banking Of Florida Risk Analysis
Seacoast Banking Of Florida disclosed 37 risk factors in its most recent earnings report. Seacoast Banking Of Florida reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Seacoast Banking Of Florida Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $3.00B | 13.38 | 12.12% | 3.99% | 2.79% | 39.56% | |
73 Outperform | $3.61B | 13.08 | 9.16% | 4.00% | -2.88% | 5.03% | |
73 Outperform | $3.11B | 16.26 | 12.65% | 2.96% | 6.83% | 11.88% | |
71 Outperform | $2.90B | 9.17 | 10.98% | 4.69% | 8.48% | 111.63% | |
70 Outperform | $2.73B | 19.03 | 7.50% | 1.34% | 18.85% | -1.29% | |
68 Neutral | $2.94B | 19.53 | 5.40% | 2.25% | 18.20% | 2.62% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
SBCF
Seacoast Banking Of Florida
29.30
4.46
17.95%
BOH
Bank Of Hawaii
74.19
10.81
17.05%
CVBF
Cvb Financial
19.88
2.04
11.41%
PRK
Park National
168.01
13.99
9.09%
PFS
Provident Financial Services
21.54
5.80
36.81%
FBK
FB Financial
51.81
9.65
22.90%
Seacoast Banking Of Florida Corporate Events
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Seacoast Banking Shareholders Approve Governance and Auditor Changes
Positive
May 20, 2026
On May 20, 2026, Seacoast Banking Corporation of Florida held its 2026 Annual Meeting of Shareholders, with 86,561,253 of 97,657,404 eligible shares represented in person or by proxy. Shareholders elected five Class III directors by plurality, app...
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Seacoast Banking Highlights Strategy in New Investor Presentation
Neutral
May 13, 2026
Seacoast Banking Corporation of Florida announced that it will periodically hold one-on-one meetings with investors to discuss its business strategy, financial performance, recent developments and future opportunities. The bank has made an accompa...
Business Operations and StrategyStock BuybackFinancial Disclosures
Seacoast Banking Reports Strong First-Quarter 2026 Earnings Growth
Positive
Apr 28, 2026
On April 28, 2026, Seacoast reported unaudited first-quarter 2026 results showing net income of $31.9 million, which was reduced by a $39.5 million loss from a strategic repositioning of its available-for-sale securities executed in January 2026 t...
Business Operations and StrategyExecutive/Board Changes
Seacoast Banking Expands Board With Three Independent Directors
Positive
Mar 26, 2026
On March 26, 2026, Seacoast Banking Corporation of Florida expanded its board of directors from eleven to fourteen members by appointing Michael E. Griffin, Kathleen B. Kay and Randolph A. Moore, III to the boards of both the company and its subsi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.