Seacoast Banking Corp of Florida reported net income of $36.5 million, or $0.42 per share, for Q3 2025, with adjusted net income increasing 48% year over year.
The company completed the acquisition of Villages Bancorporation, Inc. on October 1, 2025, adding approximately $4 billion in assets, $1.3 billion in loans, and $3.5 billion in low-cost deposits.
This acquisition is projected to deliver ~24% EPS accretion in 2026E, with a tangible book value earnback period of approximately 2.8 years.
For Q3 2025, the company achieved 7% annualized organic deposit growth and 8% annualized organic loan growth, alongside a 5% increase in net interest income to $133.9 million from the prior quarter.

Nov 5, 2025, 9:03 PM

8-K

Seacoast Banking Corporation of Florida Reports Strong Q3 2025 Results and Completes Acquisitions

SBCF

Earnings

M&A

Guidance Update

Adjusted net income for Q3 2025 increased 48% year over year to $45.2 million, or $0.52 per share.
The company reported strong organic growth with deposits increasing 7% annualized ($212 million) and loan balances growing 8% on an annualized basis.
Net interest income was $133.5 million, a 5% increase from the prior quarter, and the net interest margin (excluding accretion on acquired loans) expanded 3 basis points to 3.32%. The company expects to exit the year with a core net interest margin of approximately 3.45%.
Asset quality remains sound, with non-performing loans declining by $3.6 million to 0.55% of total loans, and net charge-offs at $3.2 million or 12 basis points annualized.
Seacoast completed the acquisition of Heartland Bank on July 11, adding approximately $824 million in assets, and finalized the acquisition of The Villages Bank Corporation on October 1, adding over $4 billion in assets.

Oct 28, 2025, 2:00 PM

Transcript

Seacoast Banking Corporation Reports Strong Q3 2025 Results and Provides Outlook

SBCF

Earnings

M&A

Guidance Update

Seacoast Banking Corporation reported strong Q3 2025 results, with adjusted net income increasing 48% year-over-year to $45.2 million or $0.52 per share.
The company achieved 8% annualized organic loan growth and 7% annualized organic deposit growth (excluding brokered and acquired deposits).
The acquisition of Heartland Bank was completed and converted in Q3, and The Villages Bancorporation acquisition was finalized on October 1, with its full technology conversion anticipated in early Q3 2026.
Management expects the core net interest margin to reach approximately 3.45% by year-end 2025 and anticipates continued high single-digit loan growth.
Tangible book value per share increased 9% year over year to $17.61, supported by a strong capital position including a 14.5% tier-one capital ratio.

Oct 28, 2025, 2:00 PM

Transcript

Seacoast Banking Corporation of Florida Reports Strong Q3 2025 Results and Provides Positive Outlook

SBCF

Earnings

Guidance Update

M&A

Seacoast Banking Corporation of Florida (SBCF) reported adjusted net income of $45.2 million, or $0.52 per share, for Q3 2025, representing a 48% increase year-over-year.
The company achieved strong organic growth, with deposits increasing $212 million (7% annualized) and loan balances growing 8% on an annualized basis.
Net interest income rose to $133.5 million, a 5% increase from the prior quarter, and the net interest margin (excluding accretion) expanded 3 basis points to 3.32%. Management anticipates exiting the year with a core net interest margin of approximately 3.45%.
SBCF completed the acquisition of Heartland Bank on July 11, adding $824 million in assets, and finalized The Villages Bank Corporation acquisition on October 1, which added over $4 billion in assets.
Asset quality remained strong, with non-performing loans declining to 0.55% of total loans and net charge-offs at $3.2 million (12 basis points annualized).

Oct 28, 2025, 2:00 PM

Transcript

Seacoast Banking Corporation of Florida Reports Q3 2025 Results and Details Acquisitions

SBCF

Earnings

M&A

Seacoast Banking Corporation of Florida (SBCF) reported net income of $36.5 million, or $0.42 per share, for Q3 2025. Adjusted net income was $45.164 million, or $0.52 per diluted share.
Net interest income for Q3 2025 was $133.9 million, with the net interest margin, excluding accretion on acquired loans, expanding three basis points from the prior quarter to 3.32%.
The company achieved 7% annualized organic deposit growth and 8% annualized organic loan growth, maintaining a strong capital position with a Tier 1 capital ratio of 14.5%.
SBCF completed the acquisition of Heartland Bancshares, Inc. in Q3 2025, adding $153 million in loans and $705 million in deposits. On October 1, 2025, it also completed the acquisition of Villages Bancorporation, Inc., adding approximately $4 billion in assets, $1.3 billion in loans, and $3.5 billion in low-cost deposits, with an expected ~24% EPS accretion.

Oct 28, 2025, 2:00 PM

Presentation

Seacoast Banking Reports Strong Q3 2025 Earnings and Strategic Growth

SBCF

Earnings

M&A

Revenue Acceleration/Inflection

Seacoast Banking Corporation of Florida reported Q3 2025 net income of $36.5 million, a 19% increase year-over-year despite merger-related charges, with adjusted net income rising 48% year-over-year to $45.2 million.
Revenue for Q3 2025 was $157.3 million, surpassing analysts' expectations, driven by strong loan and deposit growth.
The company completed acquisitions of Heartland Bancshares and Villages Bancorporation, expanding its presence in Florida, and has achieved a 12.8% compounded annual growth rate in revenue over the past five years.
Tangible book value per share increased 9% year-over-year to $17.61, reflecting strong capital levels despite acquisition-related dilution.

Oct 27, 2025, 9:11 PM

Morningstar

Seacoast Banking Corporation of Florida Reports Strong Q3 2025 Results with Organic Growth and Acquisitions

SBCF

Earnings

M&A

Revenue Acceleration/Inflection

Seacoast Banking Corporation of Florida reported net income of $36.5 million, or $0.42 per diluted share, for Q3 2025, which included $10.8 million in merger-related charges. Adjusted net income for the quarter was $45.2 million, or $0.52 per diluted share.
The company achieved strong organic growth in Q3 2025, with 8% annualized organic loan growth and 7% annualized organic deposit growth.
As of September 30, 2025, total assets reached $16.7 billion, total loans were $11.0 billion, and total deposits stood at $13.1 billion.
Tangible book value per share increased 9% year over year to $17.61 as of September 30, 2025.
Seacoast completed the acquisition of Heartland Bancshares, Inc. in July 2025 and closed the acquisition of The Villages Bancorporation, Inc. on October 1, 2025, which added approximately $4 billion in assets.

Oct 27, 2025, 8:17 PM

8-K

Seacoast Banking Corporation of Florida Reports Third Quarter 2025 Results

SBCF

Earnings

M&A

Seacoast Banking Corporation of Florida reported net income of $36.5 million, or $0.42 per diluted share, and adjusted net income of $45.2 million, or $0.52 per diluted share, for the third quarter of 2025.
The company completed the acquisition of Heartland Bancshares, Inc. in July 2025 and The Villages Bancorporation, Inc. on October 1, 2025, expanding its presence and adding significant assets and deposits.
Seacoast achieved 7% annualized organic deposit growth and 8% annualized organic loan growth in the third quarter of 2025.
As of September 30, 2025, tangible book value per share increased 9% year over year to $17.61, and the tangible common equity to tangible assets ratio rose to 9.76%.

Oct 27, 2025, 8:07 PM

Press Release

Seacoast Banking Corporation of Florida Completes Acquisition of Villages Bancorporation, Inc.

SBCF

M&A

Convertible Preferred Issuance

Seacoast Banking Corporation of Florida (SBCF) completed its acquisition of Villages Bancorporation, Inc. (VBI), parent company of Citizens First Bank, effective October 1, 2025.
The final consideration for the acquisition was approximately $829 million. Each share of VBI common stock was converted into the right to receive, at the shareholders’ election, cash, Seacoast common stock, or a combination, with a proration mechanism ensuring 25% of VBI shares received cash and 75% received stock consideration. Non-voting convertible preferred stock was issued if any shareholder group would have received more than 9.75% of cumulative outstanding Seacoast common stock.
This acquisition expands Seacoast's presence into The Villages community in Central Florida, where Citizens First Bank had a leading deposit market share of over 50% in the Wildwood-The Villages MSA.
As of June 30, 2025, Citizens First Bank operated 19 branches with approximately $3.5 billion in deposits and $1.3 billion in total consolidated net loans.

Oct 1, 2025, 9:04 PM

Press Release

Seacoast Banking Corporation of Florida Reports Strong Q2 2025 Earnings and Strategic Acquisition Progress

SBCF

Earnings

Guidance Update

M&A

Seacoast Banking Corporation of Florida (SBCF) reported strong Q2 2025 financial results, with net income increasing 36% from the prior quarter to $42.7 million or $0.50 per share, and adjusted net income up 39% sequentially to $44.5 million or $0.52 per share.
The company demonstrated robust performance with annualized loan growth of 6.4% and a 10 basis point expansion in net interest margin (NIM) to 3.58% , supported by a 13 basis point reduction in deposit costs to 1.8%. Profitability metrics improved, including a return on assets of 1.08% and an adjusted efficiency ratio of 55.4%.
SBCF completed the Heartland Bancshares acquisition on July 11, adding approximately $777 million in assets, and is on track to close the Villages Bancorporation acquisition in Q4 2025, which will add approximately $4.1 billion in assets.
Asset quality remained strong, with non-performing loans declining to 0.61% of total loans and net charge-offs at $2.5 million. The company anticipates exiting 2025 with a core NIM of approximately 3.35%, with the two acquisitions expected to add an additional 10 basis points.

Jul 25, 2025, 9:20 PM

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