Seacoast Q3 EPS $0.55, Net Income $59.9M; Guides FY26 Adjusted EPS $2.48-$2.52
SBCF sits 18% above its 52-week low of $28.69.
Summary
Seacoast reported Q3 EPS of $0.55 ($59.9M net income, up 64% year over year) and set 2026 adjusted EPS guidance of $2.48-$2.52, while tangible book value per share fell $1.29 on securities mark-to-market losses.
Key Events · Earnings and Guidance · SBCF
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Q3 EPS $0.55, Net Income $59.9M
Net income of $59.9 million, or $0.55 per diluted share, rose 1% from the prior quarter and 64% from the prior year quarter; adjusted net income was $71.8 million, or $0.66 per share.
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2026 Guidance: Adjusted EPS $2.48-$2.52
Management guides full-year 2026 adjusted revenue growth of 28%-31%, an adjusted efficiency ratio of 53%-55%, and 4Q26 adjusted ROA of 1.30% and adjusted ROTE of 16.0%.
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Tangible Book Value Drops on AFS Marks
Tangible book value per share, treating preferred as common, fell to $15.96 from $17.25, with roughly $1.63 of the decline from unrealized losses on available-for-sale securities and hedges; no realized loss is expected.
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Loan Growth 13% Annualized, Pipeline $1.3B
Loans grew $428.8 million, or 13% annualized, in the quarter, and commercial loan pipelines totaled $1.3 billion at September 30, 2026.
Analysis · SBCF · Finance
Steady rather than spectacular is the read on Seacoast's Q3: EPS of $0.55 matched both Q2 and the headline number already circulating, yet net income rose 64% year over year to $59.9 million, and adjusted EPS of $0.66 beat the GAAP figure by a wide margin because $15.5 million of merger and integration costs ran through the quarter. What matters more is the 2026 outlook, which sets adjusted EPS at $2.48-$2.52 and adjusted revenue growth at 28%-31% — a bar management now has to hit. Against that, tangible book value per share fell to $15.96 from $17.25, with $1.63 of the drop from mark-to-market losses on the available-for-sale securities portfolio as rates and spreads widened; no realized loss is expected, but the capital cushion investors price off does erode. Credit looks contained — nonperforming loans fell to 0.54% of loans from 0.66% — while net charge-offs ticked up to 0.16% of average loans.
How filings like this one have moved
In the 30 days to Oct 27, 2026, 29.9% of the 1374 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.12%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, SBCF was trading at $33.73 on NASDAQ in the Finance sector, with a market capitalization of approximately $3.3B. The 52-week trading range was $28.69 to $36.27. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.