Seacoast Banking Corporation of Florida (SBCF) Income Statement

30Y historyFree accessUpdated daily

Net interest income grew 42.2% year-over-year to $180.4M in Q2 2026, but the net interest margin remained flat at 0.8% for the fifth consecutive quarter, and EPS of $0.55 missed consensus by $0.10.

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	664.96M	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 %	167.02%	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 %	3.11%	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	965.03M	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	300.07M	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	38.54M	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	-14.52M	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 %	-2.23%	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	650.44M	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 %	17.13%	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	432.31M	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	66.46%	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	179.59M	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 %	27.61%	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	207.37M	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 %	31.88%	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	45.21M	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 %	21.8%	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	162.16M	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 %	24.93%	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 %	16.75%	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)	162.16M	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)	1.67	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 %	-4.91%	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	97.25M	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 RegimeAccelerating

ProfitabilityModerate

Balance SheetAdequate

Cash FlowStable

Top Statement Risk

Margin compression and integration risks

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2026Q2)

NII Surges on Loan Growth

Net interest income jumped 42.2% year-over-year in Q2 2026 to $180.4M, driven by robust loan growth and higher yields, according to the latest quarterly report.

The 42.2% YoY growth in NII is a standout, reflecting the bank's successful expansion into high-growth Florida markets and the benefit of a rising rate environment. However, the sequential increase from Q1 2026's $176.5M is modest, suggesting the pace may be stabilizing. Investors should monitor whether this growth is sustainable as deposit costs rise and competition intensifies.

NIM Flat at 0.8%

Net interest margin remained unchanged at 0.8% for the fifth consecutive quarter, indicating stable asset yields and funding costs, as per the income statement data.

The static NIM of 0.8% is unusually low for a regional bank, suggesting a high proportion of low-yielding assets or a conservative balance sheet posture. While this provides stability, it also limits upside from rate hikes. The bank's ability to expand NIM will depend on its success in re-pricing loans faster than deposits, a key driver to watch.

Efficiency Ratio Volatile

The efficiency ratio swung from 37.8% in Q4 2025 to 51.7% in Q2 2026, reflecting integration costs and revenue fluctuations, based on reported quarterly figures.

The sharp increase in the efficiency ratio in Q2 2026 suggests that non-interest expenses are growing faster than revenue, possibly due to M&A integration costs or investments in new markets. This is a concern as it indicates operating leverage is not yet being realized. Management's ability to control costs while integrating acquisitions will be critical to improving profitability.

Provision Expense Minimal

Provision for loan losses was only $0.761M in Q2 2026, a fraction of prior quarters, indicating strong credit quality, as shown in the latest financial statements.

The minimal provision expense suggests that credit conditions remain benign, with low charge-offs and stable asset quality. However, this could also reflect a drawdown of reserves built in earlier quarters. Given the bank's concentration in Florida real estate, any deterioration in that market could lead to a sharp increase in provisions, making this a key risk to monitor.

Fee Income Volatile

Non-interest income swung from $23.8M in Q3 2025 to -$29.9M in Q1 2026, indicating significant volatility, as per the income statement data.

The negative non-interest income in Q1 2026 is unusual and may be due to mark-to-market losses on mortgage servicing rights or other non-core items. This volatility highlights the bank's reliance on interest income and the need to diversify revenue streams. The positive fee income in other quarters suggests a stable base, but the swings warrant caution.

Q2 2026 EPS Miss Signals Shift

Q2 2026 EPS of $0.55 missed consensus by $0.10, despite a 10% YoY increase, indicating potential margin pressure or elevated costs, as reported in the latest earnings release.

The EPS miss, despite strong NII growth, suggests that non-interest expenses or credit costs are rising faster than revenue. The CEO's optimistic commentary contrasts with the results, raising questions about the sustainability of earnings. This quarter may mark an inflection point where growth is no longer translating into bottom-line gains, warranting close monitoring of future quarters.

Earnings Quality Under Scrutiny

The Q2 2026 EPS miss and volatile fee income suggest that reported earnings may overstate core profitability, based on the latest financial disclosures.

The bank's reliance on purchase accounting accretion from recent acquisitions may be inflating net interest income, masking underlying organic growth. Additionally, the negative non-interest income in Q1 2026 and the efficiency ratio spike indicate that integration costs and revenue volatility could pressure future earnings. Investors should adjust for these non-core items to assess the bank's true earnings power.

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 16.7%.

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 21.4%. 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 61.6%. This demonstrates the company's core pricing power and production efficiency.