Seacoast Banking: Q1 2026 Earnings Soar

Seacoast Banking Corporation of Floridas first quarter 2026 earnings show a robust performance, with adjusted net income surging 111% year over year to $67.8 million, or $0.62 per share. Deposits grew 7% annually, and noninterest-bearing deposits skyrocketed 29%. The net interest margin expanded to 3.83% due to lower costs and a strategic securities adjustment. Commercial loan production remained strong at 35% year over year, despite a seasonal slowdown and significant payoffs. Noninterest income held steady at $26.9 million, driven by wealth management and insurance. Credit quality remains solid, with nonperforming loans at just 0.75% and low charge-offs. Expenses remained tight, and the bank bought back over 317,000 shares. Capital is fortress-level, with tangible equity to assets at 9.2%. The bank maintains full-year earnings per share guidance of $2.48 to $2.52, expecting margin gains, organic growth, and Villages synergies to drive momentum. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/850869dd04075569