Seacoast Banking Corporation of Florida
SBCFNASDAQUSD
- Source valuation snapshot. Not a live recalculation.
- Latest filed annual earnings; price snapshot date unavailable. Not forward P/E.
- Diluted earnings per share from the latest filed annual.
- $34.07 Prior regular-session close from the quote source.
- $33.57–$34.07 Regular-session low and high so far today.
- 440.6K Regular-session shares traded · Nov 11, 4:00 PM ET.
- Not yet confirmed The company has not confirmed its next report date. Reported quarters are available in the chart’s Earnings view.
- $28.69–$36.27 52-week trading low and high returned by the quote source.
Understand the Business
Why the Stock Moved
Period-matched expectations history is not yet available. Current metrics are not a substitute for a historical explanation.
The core investment thesis
Own SBCF if Seacoast builds durable value by combining a sticky, low-cost Florida deposit franchise, a branch + relationship-driven commercial lending platform, and disciplined M&A to scale net interest income and convert it into cash, capital and.
SBCF price history
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Investment thesis
What must happen next
Seacoast’s low-cost deposit franchise plus acquired deposits will continue to produce higher net interest income and support margin expansion, driving top-line revenue growth.StrengtheningMateriality: High
Net interest income grew 28% to $553.5 million in 2025 and net interest margin expanded 34 bps to 3.58% (MD&A). If true, revenue and cash generation scale without expensive external funding; if false, margin compression will materially reduce earnings and cash available for capital returns.
Watch: Large fintech or out-of-state competitors target Florida with higher-yield deposit products, forcing market-wide deposit-cost increases.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
Net interest income grew 28% to $553.5 million in 2025 and net interest margin expanded 34 bps to 3.58% (MD&A).
Open source ↗Bolt-on acquisitions (VBI, Heartland) will be earnings-accretive by adding low-cost deposits and loan capacity, enabling organic loan growth without recurring equity raises.HoldingMateriality: High
VBI added $1.2 billion in loans and $3.5 billion in deposits (closing Oct 1, 2025). If acquisitions accrete EPS, the strategy compounds book value and supports higher returns; if they are dilutive (credit losses, integration costs), EPS and shareholder value suffer.
Watch: Acquired loan portfolios show higher-than-expected credit deterioration (e.g., CRE or specialty sectors weakening), producing elevated provisions.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
VBI added $1.2 billion in loans and $3.5 billion in deposits (closing Oct 1, 2025).
Open source ↗Seacoast’s core operations convert earnings into cash at a rate that supports dividends, buybacks and M&A without forcing frequent capital raises.StrengtheningMateriality: Medium
Operating cash flow was $188.06 million in 2025 versus net income of $144.88 million, and operating cash flow has been consistently positive from 2021–2025 (fundamentals). High operating cash flow relative to earnings funds shareholder returns and self-funding of growth; if conversion weakens, the company must slow returns or raise equity.
Watch: A deterioration in loan performance (higher provisions) or major deposit outflows reduce operating cash, forcing reduced distributions or external capital.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
Operating cash flow was $188.06 million in 2025 versus net income of $144.88 million, and operating cash flow has been.
Open source ↗Seacoast’s capital position (tangible equity growth) furnishes regulatory cushion and balance-sheet capacity to continue M&A while preserving capital returns.StrengtheningMateriality: Medium
Consolidated shareholders' equity increased to $2.7 billion as of Dec 31, 2025 (Item 1 Business), and Tier 1 capital ratio was 14.5% (MD&A). If capital ratios remain strong, Seacoast can pursue accretive deals and return capital; if capital erodes, M&A and distributions will be curtailed or equity will be issued.
Watch: A significant credit shock or large goodwill/asset impairments from acquisitions that materially reduce tangible equity.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
Consolidated shareholders' equity increased to $2.7 billion as of Dec 31, 2025 (Item 1 Business), and Tier 1 capital ratio.
Open source ↗
Full investment case & evidence
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Original research
Seacoast’s low-cost deposit franchise plus acquired deposits will continue to produce higher net interest income and support margin expansion, driving top-line revenue growth. If true, revenue and cash generation scale without expensive external funding; if false, margin compression will materially reduce earnings and cash available for capital returns.
Bolt-on acquisitions (VBI, Heartland) will be earnings-accretive by adding low-cost deposits and loan capacity, enabling organic loan growth without recurring equity raises. If acquisitions accrete EPS, the strategy compounds book value and supports higher returns; if they are dilutive (credit losses, integration costs), EPS and shareholder value suffer.
Seacoast’s core operations convert earnings into cash at a rate that supports dividends, buybacks and M&A without forcing frequent capital raises. High operating cash flow relative to earnings funds shareholder returns and self-funding of growth; if conversion weakens, the company must slow returns or raise equity.
Seacoast’s capital position (tangible equity growth) furnishes regulatory cushion and balance-sheet capacity to continue M&A while preserving capital returns. If capital ratios remain strong, Seacoast can pursue accretive deals and return capital; if capital erodes, M&A and distributions will be curtailed or equity will be issued.
All standing thesis claims
Original report summary
Seacoast builds durable value by combining a sticky, low-cost Florida deposit franchise, a branch + relationship-driven commercial lending platform, and disciplined M&A to scale net interest income and convert it into cash, capital and.
Bull case and bear case
Bull case and bear case for Seacoast Banking Corp of Florida
Where the evidence on Seacoast Banking Corp of Florida stands: Holding on the latest evidence (Nov 12, 2026). Of its 4 thesis points, 3 strengthening and 1 holding.
Bull case: what the evidence supports
Seacoast’s low-cost deposit franchise plus acquired deposits will continue to produce higher net interest income and support margin expansion, driving top-line revenue growth.
Bolt-on acquisitions (VBI, Heartland) will be earnings-accretive by adding low-cost deposits and loan capacity, enabling organic loan growth without recurring equity raises.
Seacoast’s core operations convert earnings into cash at a rate that supports dividends, buybacks and M&A without forcing frequent capital raises.
Seacoast’s capital position (tangible equity growth) furnishes regulatory cushion and balance-sheet capacity to continue M&A while preserving capital returns.
Bear case: what would count against it
Large fintech or out-of-state competitors target Florida with higher-yield deposit products, forcing market-wide deposit-cost increases.
Acquired loan portfolios show higher-than-expected credit deterioration (e.g., CRE or specialty sectors weakening), producing elevated provisions.
A deterioration in loan performance (higher provisions) or major deposit outflows reduce operating cash, forcing reduced distributions or external capital.
Thesis-Break Engine
Thesis-break watch · Seacoast Banking Corp of Florida
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MARKET + FINANCIAL SNAPSHOT
The numbers behind the thesis
What Changed
- MixedRegulation FD disclosure.
Seacoast Banking Corp of Florida filed an SEC 8-K on 2026-11-04: Regulation FD disclosure. It is a dated development that tests the current thesis.
- MixedReported results of operations (earnings release).
Seacoast Banking Corp of Florida filed an SEC 8-K on 2026-10-27: Reported results of operations (earnings release). It is a dated development that tests the current thesis.
- MixedRegulation FD disclosure.
Seacoast Banking Corp of Florida filed an SEC 8-K on 2026-09-09: Regulation FD disclosure. It is a dated development that tests the current thesis.
Risks / falsifiers
What could break the thesis
- Large fintech or out-of-state competitors target Florida with higher-yield deposit products, forcing market-wide deposit-cost increases.
- Acquired loan portfolios show higher-than-expected credit deterioration (e.g., CRE or specialty sectors weakening), producing elevated provisions.
- A deterioration in loan performance (higher provisions) or major deposit outflows reduce operating cash, forcing reduced distributions or external capital.
- A significant credit shock or large goodwill/asset impairments from acquisitions that materially reduce tangible equity.
SBCF news
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Financial statements
SBCF income statement
Annual filed results · USD · Oldest to newest. Margins are calculated from the reported figures.
SBCF: quick answers
- Have members of Congress traded SBCF?
- 20 trades in SBCF have been disclosed under the STOCK Act by members of Congress, the President or senior officials, none in reports made public in the last 90 days. Every disclosed SBCF trade