Seacoast Q1 adjusted EPS $0.62, up 111% YoY; NIM expands 17 bps to 3.83%

SEACOAST BANKING CORP OF FLORIDA

2026-Q1 EPS reported $0.29 vs consensus $0.59 ▼ miss (-50.7%)

Net income $31.9M includes $39.5M loss from strategic securities repositioning of $277M low-yielding securities.
Adjusted net income $67.8M ($0.62 diluted EPS), up 42% QoQ and 111% YoY.
Organic deposit growth 7% annualized; noninterest-bearing deposits up 29% annualized; cost of deposits down 13 bps to 1.54%.
Net interest margin 3.83%, up 17 bps; adjusted NIM ex-accretion 3.57%, up 13 bps.
Repurchased 317,628 shares during quarter; Tier 1 capital ratio 14.6%.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SEACOAST BANKING CORP OF FLORIDA reported quarter ended March 31, 2026 results: revenue Net revenues were $163.9 million in the first quarter of 2026, net income Net income of $31.9 million, EPS Adjusted net income 1 of $67.8 million, or $0.62 per share.

Period: quarter ended March 31, 2026
Revenue: Net revenues were $163.9 million in the first quarter of 2026
Net income: Net income of $31.9 million
EPS: Adjusted net income 1 of $67.8 million, or $0.62 per share
Result: reported results

Exact text from the filing

Seacoast Banking Corporation of Florida ("Seacoast" or the "Company") (NASDAQ: SBCF) today reported unaudited results of operations and other financial information for the first quarter of 2026. First Quarter 2026 Highlights • Net income of $31.9 million included a $39.5 million loss from a strategic repositioning of available-for-sale securities executed in January 2026.

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SEACOAST BANKING CORP OF FLORIDA filing history →

Source: SEC EDGAR

accession 0001628280-26-027918

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