Key Highlights

  • Consensus EPS of 0.65 compares with diluted EPS of 0.55 reported for the second quarter, against 0.50 a year earlier.
  • Consensus revenue of USD 216.32 million, against net interest income of USD 180.4 million plus USD 27,778 thousand noninterest income.
  • Net interest income rose USD 3.9 million, or 2%, from the first quarter, and net interest margin was 3.83%.
  • The provision for credit losses was USD 8,997 thousand against USD 4,379 thousand, and noninterest expense was USD 123,110 thousand.

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) reports third-quarter results on Tuesday, Oct. 27, after the market closes. Consensus stands at EPS of 0.65 on revenue of USD 216.32 million, and the company has a market capitalization of USD 3.26 billion.

Seacoast Banking Corporation of Florida is a bank holding company. In the second quarter, it reported net interest income of USD 180,395 thousand against USD 126,864 thousand and net income of USD 59,535 thousand against USD 42,687 thousand.

Estimates Against the Last Reported Quarter

The EPS estimate of 0.65 is above the diluted EPS of 0.55 reported for the second quarter, which compared with 0.50 a year earlier. The revenue estimate of USD 216.32 million is above the sum of net interest income and noninterest income, and the estimates table does not state its revenue basis.

Income before income taxes was USD 76,066 thousand against USD 55,276 thousand. Net income available to common stockholders was USD 53,341 thousand against USD 42,687 thousand, and dividends declared were 0.19 per share against 0.18.

Net Interest Income and Margin

Net interest income was USD 180.4 million, an increase of USD 3.9 million, or 2%, from the first quarter of 2026 and USD 53.5 million, or 42%, from the second quarter of 2025. For the six months, it totaled USD 356.9 million, up USD 111.5 million, or 45%.

Net interest margin was stable at 3.83% against the first quarter and expanded 25 basis points from 3.58% in the second quarter of 2025. Excluding accretion on acquired loans, margin expanded eight basis points to 3.65% from 3.57% in the first quarter.

Interest income on loans rose USD 2.4 million, or 1%, from the first quarter on higher average loan balances and higher core loan yields, and securities income rose USD 2.5 million, or 4%.

Provision, Expense and Deposit Lines

The provision for credit losses was USD 8,997 thousand against USD 4,379 thousand, and net interest income after the provision was USD 171,398 thousand against USD 122,485 thousand. Noninterest income was USD 27,778 thousand against USD 24,521 thousand, and noninterest expense was USD 123,110 thousand against USD 91,730 thousand.

The filing reports that total deposits increased 4% on an annualized basis, including a 4% annualized increase in noninterest-bearing deposits, and that the cost of deposits declined to 1.53%.

Interest and dividend income was USD 255,551 thousand against USD 193,347 thousand. The estimates table lists a market capitalization of USD 3.26 billion.

Items to Track in the Report

Diluted EPS against 0.65 and revenue against USD 216.32 million are the headline comparisons. Other markers are net interest margin against 3.83%, the provision for credit losses and the cost of deposits against 1.53%.