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what it is
Seacoast is a Florida bank that takes deposits, makes loans, sells mortgages, and collects fees from wealth and brokerage clients.
how it gets paid
Last year Sbcf made $836M in revenue. net interest income was the main engine at $602M, or 72% of sales.
why it's growing
Revenue grew 15.3% last year. EDGAR shows revenue up 186% vs. prior year and EPS up 205% vs. prior year in the latest quarter.
what just happened
The last reported quarter showed $580M in revenue, while reported EPS data ranged from $0.40 to $0.42 depending on source.
At a glance
B+ balance sheet — decent shape, but not bulletproof
75/100 earnings predictability — reasonably predictable
20.0x trailing p/e — priced about right
2.5% dividend yield — cash in your pocket every quarter
$1.42 fy2024 eps est
xvary composite: 65/100 — average
What they do
Seacoast is a Florida bank that takes deposits, makes loans, sells mortgages, and collects fees from wealth and brokerage clients.
This is a local scale story. Seacoast has 84 full-service branches across Florida and $13.1 billion in deposits as of Sept. 30, 2025. Deposits → customer cash the bank can fund loans with → so what: cheaper funding helps you earn more on each loan than a smaller rival scraping for money.
How they make money
$836M
annual revenue · their business grew +15.3% last year
net interest income
$602M
service charges and fees
$84M
wealth management
$67M
mortgage banking
$50M
brokerage and annuity
$33M
The products that matter
business lending and treasury services
Commercial Banking
15% annualized loan growth
This is the growth engine. Loan growth ran at 15% in Q4 2025, and that momentum feeds the $836M net interest income line.
growth driver
retail deposits and household lending
Consumer Banking
$13B deposit base
Deposits are the fuel. This $13B funding base supports lending and matters even more because 89% of revenue comes from spread income.
funding base
fees, wealth, and other bank services
Non-Interest Income
$99.5M · 11% of revenue
This is the diversification bucket. At $99.5M and flat, it helps, but it is too small to carry the story on its own.
thin cushion
Key numbers
11%
debt to capital
Debt-to-capital → how much borrowing sits above your equity → so what: 11% is light leverage for a bank with $16.7B in assets.
$13.1B
deposits
Deposits are the fuel. More low-cost deposits usually mean a better earnings spread.
$16.7B
assets
Assets show balance-sheet scale. Bigger assets mean more room to write loans and collect interest.
2.5%
dividend yield
You are getting paid to wait, but the yield is still small enough that this is not just an income story.
Financial health
B+
strength
- balance sheet grade B+ — solid but not elite
- risk rank 2 — safer than 80% of stocks
- price stability 50 / 100
- long-term debt $352M (11% of capital)
B+ — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for SBCF right now.
source: institutional data · return history unavailable
What just happened
beat estimates
The last reported quarter showed $580M in revenue, while reported EPS data ranged from $0.40 to $0.42 depending on source.
EDGAR shows revenue up 186% vs. prior year and EPS up 205% vs. prior year in the latest quarter. Quarterly history shows December 2024 EPS at $0.40, while Yahoo lists the last reported EPS at $0.42, so you should focus on the direction more than the penny fight.
$580M
revenue
$0.42
eps
+186%
revenue growth
the number that mattered
Revenue was the loud part. A 186% vs. prior year jump tells you the balance sheet and acquisition engine changed the size of this bank fast.
source: EDGAR filings and company earnings data, 2025
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What could go wrong
The #1 risk is integration of the pending South Florida bank acquisition.
med
Acquisition integration slips
Management is asking you to underwrite more than the current bank. The pending acquisition is part of the growth story now. If the systems, teams, or customer transition drag, the 15% annualized loan growth pace is the first thing to watch.
Impact: the operating thesis weakens fast because 89% of revenue already comes from net interest income.
med
Deposit costs rise faster than loan yields
A bank that gets $836M of its $935.5M revenue from net interest income has concentration risk by design. If deposit competition in Florida heats up, margin pressure hits the main revenue line, not a side segment.
Impact: pressure on the spread business means earnings can flatten even if the balance sheet keeps growing.
med
Fee income stays too small to diversify the story
Non-interest income was $99.5M, or 11% of revenue, and it was flat. That leaves you with a narrow earnings mix. If lending momentum cools, there is not a large fee machine waiting to stabilize results.
Impact: a thinner revenue mix makes the stock more dependent on one operating lever than the headline numbers suggest.
med
Florida concentration cuts both ways
The growth case benefits from Florida. So does the risk. With $16.7B in assets and a branch footprint tied to one state, regional weakness does not stay local for long.
Impact: concentration amplifies both the upside and the downside, which matters more when the stock already sits near the top of its 52-week range.
If integration stumbles or deposit costs rise, the 15% loan-growth story feeding $836M of net interest income gets tested fast.
source: institutional data · regulatory filings · risk analysis
Pay attention to
trend
loan growth after the deal close
15% annualized loan growth is the current headline. If that drops hard once the acquisition closes, the market will notice before management finishes the slide deck.
calendar
Q1 2026 earnings report
Consensus sits at $0.58 EPS. You are watching for the first clean read on whether momentum carried into the next quarter.
risk
deposit stability in a $13B funding base
For a bank this dependent on spread income, deposit behavior is not back-office detail. It is a core earnings variable.
capital
execution of the $150M buyback
The authorization is real. The signal comes from pace. If management buys stock at these levels, you learn what they think the integration risk is worth.
Analyst rankings
earnings predictability
75 / 100
Results have been steady enough that quarterly numbers do not blindside you. In human-speak, analysts see this as a bank with a readable earnings pattern, not a surprise machine.
source: institutional data
Institutional activity
institutional ownership data for SBCF is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$34
current price
n/a
target midpoint · n/a from current
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