Seacoast Banking Corporation of Florida
- Open
- 33.30
- Day high
- 34.10
- Day low
- 33.22
- Prev close
- 33.25
- Volume
- 560K
- Mkt cap
- $3.3B
- P/E (TTM)
- 21.8
- EPS (TTM)
- $1.56
- P/B
- 1.1
- P/S
- 3.6
- Yield
- 2.21%
- Per share
- $0.75
- ▼Insiders net selling -$807K over the last 3 months (0 open-market buys, 3 sales)
- 🏛Institutions accumulating (13F)
Seacoast Banking Corporation of Florida (SBCF) is a Financial Services company listed on NASDAQ. The stock is up 16% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 3 sales (SEC Form 4).
Seacoast Banking Corporation of Florida (SBCF) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
SBCF earnings date, history & EPS estimates
| 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% |
SBCF insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 17, 2026 | HUDSON DENNIS S IIIdirector | Sell | 8,000 | $31.41 |
| May 7, 2026 | STALLINGS JAMES C IIIofficer: EVP, Chief Credit Officer | Sell | 7,552 | $31.16 |
| May 6, 2026 | Shaffer Charles Mdirector, officer: Chairman, President & CEO | Sell | 10,367 | $30.88 |
| Apr 17, 2026 | FORLENZA JOSEPH Mofficer: EVP & CRO | Grant | 3,294 | — |
| Apr 17, 2026 | Shaffer Charles Mdirector, officer: Chairman, President & CEO | Grant | 15,503 | — |
| Apr 17, 2026 | DEXTER TRACEYofficer: EVP & CFO | Grant | 3,294 | — |
| Apr 17, 2026 | Carroll Austenofficer: EVP, Chief Lending Officer | Grant | 14,146 | — |
| Apr 17, 2026 | Kleffel Julietteofficer: EVP, Chief Operating Officer | Grant | 11,820 | — |
| Apr 17, 2026 | STALLINGS JAMES C IIIofficer: EVP, Chief Credit Officer | Grant | 3,100 | — |
| Apr 10, 2026 | CULBRETH H GILBERT JRdirector | Grant | 463 | $32.10 |
| Apr 3, 2026 | Carroll Austenofficer: EVP, Chief Lending Officer | Tax | 383 | $30.58 |
| Apr 3, 2026 | Kleffel Julietteofficer: EVP, Chief Operating Officer | Tax | 342 | $30.58 |
| Apr 3, 2026 | Arriola Eduardo Jdirector | Tax | 73 | $30.58 |
| Apr 3, 2026 | STALLINGS JAMES C IIIofficer: EVP, Chief Credit Officer | Tax | 239 | $30.58 |
| Apr 3, 2026 | DEXTER TRACEYofficer: EVP & CFO | Tax | 310 | $30.58 |
Source: SBCF SEC Form 4 filings, latest Jun 17, 2026. For informational purposes only — not investment advice.
See the full SBCF insider & 13F page →Seacoast Banking Corporation of Florida company profile
Overview
Seacoast Banking Corporation of Florida (NASDAQ:SBCF) is a regional bank holding company founded in 1926 and headquartered in Stuart, Florida. The company operates through its primary subsidiary, Seacoast National Bank, providing comprehensive financial services across Florida. Since going public in 1984, Seacoast has grown through both organic expansion and strategic acquisitions to become a prominent Florida-focused regional bank with 54 branch and commercial lending offices as of 2021. The bank has positioned itself as a relationship-focused institution serving retail consumers, small businesses, and commercial clients throughout the state.
Business
Seacoast Banking operates in the regional banking industry, which sits between large national banks and small community banks in terms of size and geographic scope. Regional banks typically serve specific geographic areas and focus on relationship banking rather than competing purely on scale like national institutions. The company's core business revolves around traditional banking services delivered through several key segments: 1. Commercial and Retail Banking (approximately 85-90% of revenue): This includes accepting deposits from consumers and businesses, then lending those funds to borrowers. The bank offers various deposit products including checking accounts, savings accounts, money market accounts, and certificates of deposit. On the lending side, they provide commercial real estate loans, commercial and industrial loans, construction loans, residential mortgages, and consumer loans including auto loans and personal lines of credit. 2. Wealth Management Services (approximately 5-8% of revenue): Through this division, Seacoast manages investment portfolios for high-net-worth individuals and institutions. Assets under management have grown to $2.1 billion as of 2024, representing a 20% year-over-year increase. This segment generates fee-based income through portfolio management services. 3. Mortgage Banking and Brokerage Services (approximately 2-5% of revenue): The bank originates residential mortgages and also provides brokerage and annuity services to customers seeking investment products beyond traditional banking relationships. Seacoast's loan portfolio is heavily weighted toward commercial lending, with commercial and commercial real estate loans representing approximately 72% of total loans. This focus reflects the bank's strategy of serving Florida's growing business community rather than competing primarily in consumer lending markets.
Revenue model
Seacoast Banking generates revenue through the fundamental banking business model of net interest income and fee-based services. The primary revenue driver is the interest rate spread between what the bank pays depositors and what it charges borrowers, known as the net interest margin. The bank's net interest income represents approximately 85-90% of total revenue. Seacoast collects deposits from customers at relatively low interest rates, then lends these funds at higher rates to borrowers. The difference, or spread, generates profit. In Q4 2024, the bank achieved a net interest margin of 3.39%, meaning it earned 3.39% more on its loans than it paid on deposits and other funding sources. This margin expanded significantly from earlier periods as the bank benefited from rising interest rates on its loan portfolio while managing deposit costs. Non-interest income contributes the remaining 10-15% of revenue through several channels. Wealth management generates fees based on assets under management, producing steady recurring income. The bank also earns fees from deposit services, loan origination fees, mortgage banking activities, and insurance services. This fee income provides valuable diversification from pure interest rate exposure. Several factors can significantly impact Seacoast's profitability margins. Interest rate movements represent the most significant external factor - rising rates generally benefit the bank's margin as loan rates adjust faster than deposit costs, while falling rates can compress margins. Credit quality directly affects profitability through loan loss provisions; economic downturns that increase defaults reduce net income. Competition for deposits can force the bank to raise deposit rates, compressing margins. Conversely, the bank's margin benefits from its focus on relationship banking, which tends to produce stickier, lower-cost deposits compared to rate-sensitive customers. The bank's Florida geographic concentration exposes it to regional economic cycles but also allows it to benefit from the state's continued population and business growth.
Competitive moat
Seacoast Banking possesses a modest but meaningful competitive moat primarily built around geographic market knowledge and relationship banking, though this moat faces ongoing challenges from larger competitors and technological disruption. The bank's strongest competitive advantage lies in its deep Florida market expertise and established customer relationships. After nearly a century of operation in Florida, Seacoast has developed intimate knowledge of local markets, business communities, and economic dynamics that larger national banks may lack. This local expertise enables more informed lending decisions and stronger customer relationships, particularly with small and medium-sized businesses that value personalized service over purely transactional banking. The company's relationship-focused approach creates some customer stickiness, as evidenced by their customer transaction accounts representing 49-50% of total deposits. These operational accounts are typically less rate-sensitive than pure savings products, providing more stable funding. The bank's recent investments in commercial banking talent across Florida markets strengthen this relationship advantage. However, Seacoast's moat faces significant limitations. Banking services are largely commoditized, and customers can easily switch between institutions for better rates or services. Large national banks possess substantial advantages in technology investment, product breadth, and pricing power that regional banks struggle to match. Fintech disruption continues to erode traditional banking relationships, particularly among younger customers who prioritize digital convenience over personal relationships. The bank's scale limitations also constrain its competitive position. With approximately $15 billion in assets, Seacoast lacks the resources to invest in cutting-edge technology or offer the comprehensive product suites available from larger institutions. Additionally, the bank's Florida geographic concentration, while providing local expertise, also creates vulnerability to regional economic downturns and limits diversification benefits. Overall, Seacoast operates in a moderately competitive position within its Florida markets, but faces ongoing pressure from both larger and more technologically advanced competitors.
Risks & safety
Seacoast Banking demonstrates a strong margin of safety with solid capital position and conservative balance sheet management, though typical banking sector risks remain present. **Capital and Liquidity Position:** - Tangible common equity ratio of 9.6% provides substantial capital buffer above regulatory minimums - Tier 1 capital ratio of 14.8% significantly exceeds well-capitalized thresholds - Cash and short-term investments of $480 million (3.2% of total assets) provides liquidity cushion - No significant debt maturities or solvency concerns **Credit Quality Metrics:** - Allowance for credit losses at 1.34% of total loans appears adequate for current environment - Non-performing loans at 0.9% of total loans remains manageable - Recent sale of non-performing commercial real estate and consumer fintech portfolios cleaned up problem assets **Valuation Considerations:** - Price-to-earnings ratio of 17.1x appears reasonable for regional bank - Price-to-book ratio of 1.07x suggests modest premium to tangible book value - Return on equity of 1.6% (quarterly) indicates profitability challenges that may improve with margin expansion **Other Risk Factors:** - Geographic concentration in Florida creates regional economic exposure - Interest rate sensitivity could impact margins if rates decline significantly - Competitive pressure from larger banks may limit pricing power
Recent development
Over the past few years, Seacoast Banking has pursued a dual strategy of organic growth and strategic acquisitions while adapting to a challenging interest rate environment. The bank completed an aggressive acquisition campaign during 2022-2023, acquiring Sabal Palm Bank, Business Bank of Florida, Drummond Bank, Apollo Bank, and announcing the acquisition of Professional Bank. These deals expanded Seacoast's presence across Florida, including entry into new markets like Sarasota, North Florida, and Miami-Dade County. The acquisitions added both scale and geographic diversification within Florida while bringing in experienced banking teams. Following this acquisition phase, management shifted focus to organic growth and operational efficiency. The bank implemented significant cost reduction initiatives, including a 6% workforce reduction that generated approximately $15 million in annual expense savings. This efficiency drive coincided with substantial investments in commercial banking talent across Florida markets, with management emphasizing the recruitment of experienced relationship bankers from larger regional competitors. Technology and digital banking improvements became a key strategic priority, with the bank enhancing its treasury management capabilities and digital platform to better compete with larger institutions. The wealth management division emerged as a particular growth engine, with assets under management growing from $1.7 billion to $2.1 billion, representing 20% year-over-year growth. Most recently, Seacoast has focused on balance sheet optimization in response to interest rate changes. The bank successfully reduced deposit costs by 26 basis points in Q4 2024 while expanding net interest margin to 3.39%. Management has also cleaned up credit quality issues by selling non-performing loan portfolios and strengthening underwriting standards. Looking forward, the bank is positioning for potential merger and acquisition opportunities, with management noting accelerated post-election conversations across Florida's banking sector.
SBCF company profile · for informational purposes only — not investment advice.
Track SBCF with Drillr
SEC filings, earnings calls, insider activity, alt-data signals — all queryable through Drillr's AI terminal and MCP API.
Try Drillr for free