Seacoast Banking Corporation of Florida (SBCF) Income Statement

30Y historyFree accessUpdated daily

Net interest income rose to $183.4M in 3Q26 with the NIM near 0.9%, but the 31.0% EPS growth and 42.2% NII growth warrant scrutiny given acquisition-related balance sheet contributions and volatile non-interest income ranging from $31.6M to negative values.

Annual statement

SBCF Income Statement

Seacoast Banking Corporation of Florida (SBCF) annual income statement — 30-year revenue, gross profit & net income history

Annual Quarterly

Metric	TTM	Dec'25	Dec'24	Dec'23	Dec'22	Dec'21	Dec'20	Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08	Dec'07	Dec'06	Dec'05	Dec'04	Dec'03	Dec'02	Dec'01	Dec'00	Dec'99	Dec'98	Dec'97	Dec'96

Net Interest Income	714.85M	553.48M	431.97M	488.24M	366.16M	276.02M	262.74M	243.62M	211.51M	176.3M	139.59M	109.49M	74.91M	65.21M	64.81M	66.84M	66.21M	73.59M	77.23M	84.47M	89.04M	72.19M	52.77M	45.77M	47.42M	45.49M	42.09M	43.09M	40.2M	38.1M	36.2M
NII Growth %	179.27%	28.13%	-11.52%	33.34%	32.66%	5.06%	7.85%	15.18%	19.98%	26.3%	27.49%	46.16%	14.88%	0.61%	-3.04%	0.95%	-10.02%	-4.72%	-8.57%	-5.13%	23.35%	36.78%	15.29%	-3.47%	4.24%	8.07%	-2.31%	7.19%	5.51%	5.25%	16.77%
Net Interest Margin %	3.37%	2.66%	2.85%	3.35%	3.01%	2.85%	3.15%	3.43%	3.13%	3.03%	2.98%	3.1%	2.42%	2.87%	2.98%	3.13%	3.28%	3.42%	3.34%	3.49%	3.73%	3.39%	3.27%	3.38%	3.7%	3.71%	3.66%	3.99%	3.68%	4.04%	3.86%
Interest Income	1.02B	836.37M	725.56M	688.98M	380.49M	284.24M	287.04M	289.82M	241.4M	191.6M	148.06M	116.42M	80.26M	70.76M	73.29M	80.79M	84.54M	102.2M	127.08M	150.11M	139.83M	98.4M	67.05M	62.21M	70.46M	80.89M	79.73M	73.6M	69.8M	64.7M	61.3M
Interest Expense	310.12M	282.9M	293.59M	200.74M	14.33M	8.22M	24.29M	46.2M	29.88M	15.3M	8.47M	6.93M	5.36M	5.56M	8.48M	13.95M	18.33M	28.62M	49.85M	65.64M	50.79M	26.21M	14.28M	16.44M	23.04M	35.4M	37.63M	30.5M	29.6M	26.6M	25.1M
Loan Loss Provision	36.32M	51.26M	17.26M	38.76M	27.34M	-9.29M	38.36M	11M	11.73M	5.65M	2.41M	2.64M	-3.49M	3.19M	10.8M	1.97M	31.68M	124.77M	88.63M	12.74M	3.29M	1.32M	1M	0	0	0	600K	622K	1.7M	900K	1.1M
Non-Interest Income	-6.73M	33.17M	83.43M	79.15M	66.09M	70.73M	61.57M	56.73M	50.02M	58.47M	37.8M	31.94M	24.9M	23.45M	24.36M	15.81M	8.28M	24.41M	22.6M	19.86M	24.1M	20.64M	18.51M	18.11M	17.33M	16.02M	13.14M	12.41M	12.4M	10.9M	10.4M
Non-Interest Income %	-0.95%	5.65%	16.19%	13.95%	15.29%	20.4%	18.98%	18.89%	19.13%	24.91%	21.31%	22.58%	24.95%	26.45%	27.32%	19.13%	11.12%	24.91%	22.64%	19.04%	21.3%	22.24%	25.96%	28.35%	26.76%	26.05%	23.79%	22.36%	23.57%	22.24%	22.32%
Total Net Revenue	708.11M	586.64M	515.4M	567.39M	432.25M	346.75M	324.31M	300.35M	261.54M	234.76M	177.38M	141.43M	99.81M	88.66M	89.17M	82.65M	74.49M	98M	99.83M	104.33M	113.14M	92.83M	71.28M	63.89M	64.75M	61.52M	55.23M	55.5M	52.6M	49M	46.6M
Revenue Growth %	21.62%	13.82%	-9.16%	31.26%	24.66%	6.92%	7.98%	14.84%	11.4%	32.35%	25.42%	41.7%	12.58%	-0.57%	7.88%	10.96%	-23.99%	-1.83%	-4.32%	-7.79%	21.88%	30.23%	11.57%	-1.33%	5.26%	11.38%	-0.48%	5.51%	7.35%	5.15%	16.21%
Non-Interest Expense	463.8M	348.88M	342.3M	394.38M	266.78M	197.3M	185.37M	160.74M	162.27M	149.92M	130.88M	103.11M	93.06M	73.86M	79.08M	74.01M	76.02M	131.75M	78.89M	77.42M	73.05M	59.1M	47.28M	42.46M	39.79M	38.06M	34.88M	35.98M	35.7M	36.4M	31.8M
Efficiency Ratio	65.5%	59.47%	66.41%	69.51%	61.72%	56.9%	57.16%	53.52%	62.05%	63.86%	73.78%	72.91%	93.23%	83.32%	88.69%	89.55%	102.04%	134.43%	79.03%	74.21%	64.56%	63.66%	66.33%	66.46%	61.45%	61.87%	63.15%	64.84%	67.87%	74.29%	68.24%
Operating Income	208M	186.51M	155.84M	134.25M	138.14M	158.74M	100.58M	128.61M	87.53M	79.2M	44.09M	35.67M	10.24M	11.6M	-710K	6.67M	-33.2M	-158.51M	-67.7M	14.16M	36.81M	32.41M	23M	21.43M	24.96M	23.46M	19.76M	18.9M	15.2M	11.7M	13.7M
Operating Margin %	29.37%	31.79%	30.24%	23.66%	31.96%	45.78%	31.01%	42.82%	33.47%	33.74%	24.86%	25.22%	10.26%	13.09%	-0.8%	8.07%	-44.57%	-161.74%	-67.81%	13.58%	32.54%	34.92%	32.27%	33.54%	38.55%	38.13%	35.77%	34.06%	28.9%	23.88%	29.4%
Operating Income Growth %	-	19.68%	16.08%	-2.81%	-12.98%	57.82%	-21.79%	46.93%	10.52%	79.63%	23.61%	248.32%	-11.75%	1734.37%	-110.65%	120.08%	79.05%	-134.15%	-577.98%	-61.53%	13.57%	40.93%	7.34%	-14.16%	6.42%	18.73%	4.51%	24.36%	29.91%	-14.6%	14.17%
Pretax Income	235.78M	186.51M	155.84M	134.25M	138.14M	158.74M	100.58M	128.61M	87.53M	79.2M	44.09M	35.67M	10.24M	11.6M	-710K	6.67M	-33.2M	-158.51M	-67.7M	14.16M	36.81M	32.41M	23M	21.43M	24.96M	23.46M	19.76M	18.8M	15.2M	11.7M	13.7M
Pretax Margin %	33.3%	31.79%	30.24%	23.66%	31.96%	45.78%	31.01%	42.82%	33.47%	33.74%	24.86%	25.22%	10.26%	13.09%	-0.8%	8.07%	-44.57%	-161.74%	-67.81%	13.58%	32.54%	34.92%	32.27%	33.54%	38.55%	38.13%	35.77%	33.88%	28.9%	23.88%	29.4%
Income Tax	50.22M	41.63M	34.85M	30.22M	31.63M	34.34M	22.82M	29.87M	20.26M	36.34M	14.89M	13.53M	4.54M	-40.38M	0	0	0	-11.82M	-22.1M	4.4M	12.96M	11.65M	8.08M	7.41M	9.68M	9.33M	7.67M	7.1M	5.6M	4.3M	4.9M
Effective Tax Rate %	21.3%	22.32%	22.37%	22.51%	22.9%	21.63%	22.69%	23.23%	23.14%	45.88%	33.77%	37.92%	44.38%	-348.03%	0%	0%	0%	7.46%	32.65%	31.05%	35.2%	35.95%	35.12%	34.59%	38.77%	39.76%	38.81%	37.77%	36.84%	36.75%	35.77%
Net Income	185.56M	144.88M	120.99M	104.03M	106.51M	124.4M	77.76M	98.74M	67.28M	42.87M	29.2M	22.14M	5.7M	51.99M	-710K	6.67M	-33.2M	-146.69M	-45.6M	9.77M	23.85M	20.76M	14.92M	14.02M	15.29M	14.13M	12.09M	11.7M	9.6M	7.4M	8.8M
Net Margin %	26.2%	24.7%	23.47%	18.34%	24.64%	35.88%	23.98%	32.87%	25.72%	18.26%	16.46%	15.66%	5.71%	58.64%	-0.8%	8.07%	-44.57%	-149.68%	-45.68%	9.36%	21.08%	22.36%	20.93%	21.94%	23.61%	22.97%	21.89%	21.08%	18.25%	15.1%	18.88%
Net Income Growth %	28.23%	19.75%	16.3%	-2.32%	-14.39%	59.98%	-21.24%	46.77%	56.95%	46.79%	31.89%	288.71%	-89.04%	7422.39%	-110.65%	120.08%	77.36%	-221.7%	-566.94%	-59.06%	14.91%	39.12%	6.46%	-8.31%	8.18%	16.89%	3.32%	21.88%	29.73%	-15.91%	12.82%
Net Income (Continuing)	185.56M	144.88M	120.99M	104.03M	106.51M	124.4M	77.76M	98.74M	67.28M	42.87M	29.2M	22.14M	5.7M	51.99M	-710K	6.67M	-33.2M	-146.69M	-45.6M	9.77M	23.85M	20.76M	14.92M	14.02M	15.29M	14.13M	12.09M	11.78M	9.6M	7.4M	8.8M
EPS (Diluted)	1.91	1.58	1.42	1.23	1.66	2.18	1.44	1.90	1.38	0.99	0.78	0.66	0.21	2.44	-0.25	0.15	-2.40	-23.40	-12.05	2.55	6.40	6.20	4.75	4.45	4.41	4.48	3.80	3.64	2.79	0.65	0.78
EPS Growth %	-0.59%	11.27%	15.45%	-25.9%	-23.85%	51.39%	-24.21%	37.68%	39.39%	26.92%	18.18%	214.29%	-91.39%	1076%	-266.67%	106.25%	89.74%	-94.19%	-572.55%	-60.16%	3.23%	30.53%	6.74%	0.91%	-1.56%	17.89%	4.4%	30.47%	329.23%	-16.67%	13.04%
EPS (Basic)	-	1.62	1.43	1.24	1.67	2.20	1.45	1.92	1.40	1.01	0.79	0.66	0.21	2.46	-0.25	0.15	-2.40	-23.40	-12.05	2.60	6.50	6.35	4.85	4.55	4.55	4.55	3.83	3.68	2.85	0.67	0.79
Diluted Shares Outstanding	97.24M	91.94M	85.04M	84.33M	64.26M	57.09M	53.93M	52.03M	48.75M	43.35M	37.51M	33.74M	27.72M	19.65M	18.9M	18.76M	15.31M	6.35M	3.8M	3.83M	3.73M	3.35M	3.15M	3.13M	3.46M	3.15M	3.18M	3.24M	3.43M	3.4M	2.81M

Key Metrics

Growth RegimeMixed

ProfitabilityModerate

Balance SheetAdequate

Cash FlowStable

Top Statement Risk

Acquisition-driven NII inflation risk

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2026Q3)

Acquisition Lift Masks Organic NII Pace

According to the reported figures, SBCF's net interest income rose from $104.4M in 2Q24 to $183.4M in 3Q26, a 42.2% year-over-year gain in the latest quarter that partly reflects acquired balance sheets and purchase accounting effects.

The steep sequential step-ups in NII during 2025 and early 2026 appear to coincide with acquisition closings rather than a uniform loan-growth cadence, which suggests a meaningful portion of the reported expansion is inorganic. Investors should monitor whether NII growth holds once acquisition-related balance sheet effects annualize, as this would clarify the underlying earnings trajectory. The data alone does not isolate rate-driven repricing from volume, so further investigation of deposit betas is warranted.

Net Interest Margin Holds Near 0.8 Percent

Based on EDBL-style reporting conventions applied here, SBCF's reported net interest margin has hovered between 0.7% and 0.9% across the ten quarters, with the latest print at 0.9% against a backdrop of rising funding and acquisition-related balance sheet activity.

A margin that has remained compressed in a narrow band while NII nearly doubled implies that earning-asset growth has been the primary earnings engine rather than spread expansion. The stability may indicate that asset yields are keeping pace with funding costs, though the data does not reveal the mix between non-interest-bearing and interest-bearing deposits needed to confirm this. Peer margin comparisons are not available in the supplied dataset, so positioning relative to SFBS, CVBF, and IBCP cannot be assessed here.

Efficiency Ratio Improves but Remains Elevated

As reported in the quarterly income statement data, SBCF's efficiency ratio moved from 73.2% in 2Q26 to 62.0% in 3Q26, indicating that revenue scaled faster than non-interest expense in the most recent period.

A drop of more than ten points in a single quarter suggests operating leverage is returning after integration-related cost pressure, but the ratio sits well above the lower-cost range typically associated with best-in-class regional banks. The volatility across quarters, ranging from 56.2% to 73.2%, implies that expense timing around deal closings likely distorts reported efficiency. Investors should watch whether the 62% level is sustainable once integration costs fully roll off.

Provision Expense Remains Episodically Elevated

Based on the supplied quarterly figures, SBCF's provision for credit losses spiked to $29.3M in 4Q25 from a run-rate of roughly $4M to $9M in other quarters, with only $6.3M recorded in 3Q26.

The 4Q25 provision is an outlier against the surrounding periods and may reflect CECL-driven macroeconomic reserve builds rather than observed loan deterioration, though the data does not confirm the driver. The provision trend does not show a clear sustained credit cycle in the supplied figures. Given the Florida commercial real estate concentration, investors should monitor provision trajectory closely as it may signal emerging credit stress not yet visible in the income statement.

Earnings Quality Challenged by Mixed Fee Trends

Reported non-interest income swung from $31.6M in 3Q26 to negative values in 1Q26 and 4Q25, with fee income share falling as low as negative 20.4%, raising questions about the recurring quality of the earnings base.

Negative non-interest income in several quarters likely reflects securities losses, mark-to-market items, or other non-recurring charges rather than core fee erosion, though the supplied data does not specify the composition. A volatile fee line weakens the case that SBCF's wealth and service revenue provides the stable, rate-insensitive cushion often attributed to diversified regional banks. Investors should investigate the line-item drivers of these swings before assuming the 3Q26 recovery is durable.

SBCF — Frequently Asked Questions

Quick answers to the most common questions about buying SBCF stock.

What was Seacoast Banking Corporation of Florida's (SBCF) revenue in 2025?

For fiscal year 2025, Seacoast Banking Corporation of Florida (SBCF) reported total revenue of $586.6M. This represents a 1158.9% increase compared to $46.6M in 1996.

Is Seacoast Banking Corporation of Florida (SBCF) profitable?

Seacoast Banking Corporation of Florida (SBCF) is profitable, generating $144.9M in net income for the fiscal year ending 2025 with a net profit margin of 24.7%.

What is Seacoast Banking Corporation of Florida's operating profit margin?

Seacoast Banking Corporation of Florida (SBCF) reported an operating income of $186.5M, resulting in an operating profit margin of 31.8%. This margin reflects the operational efficiency of the business before interest and taxes.

What is Seacoast Banking Corporation of Florida's gross profit and gross margin?

Seacoast Banking Corporation of Florida (SBCF) generated $535.4M in gross profit for the year, representing a gross profit margin of 91.3%. This demonstrates the company's core pricing power and production efficiency.