Seacoast Banking Corporation of Florida (SBCF) SEC Filings & Earnings Calls

Credit Risk from Loan Growth

“The provision for credit losses was $9.0 million in the second quarter of 2026, reflecting record loan growth and low, stable charge-offs.” · word for word

Interest Rate Risk

“The risks of changes in interest rates on the level and composition of deposits (as well as the cost of, and competition for, deposits), loan demand, liquidity and the values of loan collateral, securities, and interest rate sensitive assets and liabilities.” · word for word

Integration Risk from Acquisitions

“Full integration and system conversion activities for Heartland were completed in August of 2025, and for VBI, in July of 2026. The Company expects to recognize substantially all remaining merger-related costs during the third quarter of 2026.” · word for word

Concentration Risk in CRE

“The Company’s exposure to CRE lending remains well below regulatory limits (see “Loan Concentrations”).” · word for word

Integration risk from Citizens First Bank conversion completed, but execution risk remains.

“successfully completed the conversion of customers from Citizens First Bank to Seacoast's platforms” · word for word

No material risk signals.

No material risk; governance changes are standard and approved by shareholders.

“All proposals passed with high vote counts; no dissent noted.”

Nonperforming Assets Increase

“Overall, NPAs increased $23.0 million, or 30%, from $76.3 million as of December 31, 2025.” · word for word

CRE Concentration

“Construction and land development and CRE loan concentrations as a percentage of subsidiary bank total risk-based capital were 35% and 224%, respectively” · word for word

Integration risk from acquisitions

“Integration is where value is created, and we entered each transaction with a clear plan, strong governance, and a focus on bringing teams together around a shared mission and a consistent customer experience.” · word for word

Deposit growth underperformance

“While we did not achieve our targeted deposit growth, the company specifically took action to lower deposit costs at the expense of overall deposit growth” · word for word

Interest rate sensitivity

“macro-economic risks, such as inflation, interest rate fluctuations, reductions in economic growth, or recession” · word for word

Acquisition Integration Risk

“If we fail to successfully integrate our acquisitions or to realize the anticipated benefits of them, our financial condition and results of operations could be negatively affected.” · word for word

Credit Loss Cycle Risk

“An increase in our non-performing assets and related increases in our provision for credit losses ... could negatively affect our business.” · word for word

Merger and integration costs of $18.1M and day-one credit provisions of $23.4M from VBI acquisition could pressure near-term earnings.

“Net income of $34.3 million included $18.1 million in merger and integration costs and $23.4 million in day-one credit provisions” · word for word

Merger integration risk

“Integration activities, including system conversion, were also completed in the third quarter of 2025.” · word for word

Credit risk from CRE concentration

“CRE non-owner occupied loans increased $262.7 million, totaling $3.8 billion at September 30, 2025, compared to $3.5 billion at December 31, 2024.” · word for word

Merger integration risk from Heartland and The Villages acquisitions.

“Completed acquisition of Heartland Bancshares, Inc. in July 2025; closed The Villages Bancorporation, Inc. acquisition on October 1, 2025.”