Earnings ·
Seacoast Banking Corporation of Florida reported second quarter 2026 net income of $59.5 million, or $0.55 per diluted…
SBCFSeacoast Banking Corp of Florida
Seacoast Banking Corporation of Florida reported second quarter 2026 net income of $59.5 million, or $0.55 per diluted share, an 87% increase from the prior quarter and 39% from the prior year. Adjusted net income was $65.8 million, or $0.61 per diluted share. Net interest income grew 42% year-over-year to $180.4 million, with a stable net interest margin of 3.83%. The company achieved 16% annualized organic loan growth and increased total deposits by 4% annualized. The efficiency ratio improved to 58.52%. Seacoast repurchased 751,680 shares of common stock during the quarter. The company operates in the banking and financial services industry, providing commercial and consumer banking, wealth management, and mortgage services.