Seacoast Banking Q4 revenue beats estimates

Overview

• Florida community bank's Q4 revenue beat analyst expectations, adjusted EPS missed estimates

• Company completed acquisition of Villages Bancorporation, adding $4.4 bln in assets

• Net interest income rose 31% qtr/qtr, driven by loan and securities balances growth

Outlook

• Seacoast expects enhanced shareholder returns in the latter half of 2026

• Company sees significant growth opportunities from VBI acquisition

• Seacoast plans full integration of VBI by Q3 2026

Result Drivers

• ORGANIC LOAN GROWTH - Seacoast reported a 15% annualized organic loan growth, contributing to increased net interest income

• VBI ACQUISITION - Acquisition of Villages Bancorporation added $4.4 bln in assets, enhancing market presence and deposit base

• BRANCH EXPANSION - Expanded branch footprint with new locations in Bradenton, FL and greater Atlanta market

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the banks peer group is "buy."

• Wall Street's median 12-month price target for Seacoast Banking Corporation of Florida is $35.00, about 4.3% above its January 28 closing price of $33.56

• The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nBw1s290Pa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.