Seacoast Reports Third Quarter 2026 Results
Seacoast reported record Q3 2026 earnings with net income of $59.9 million ($0.55 diluted EPS), up 64% year-over-year, and adjusted net income of $71.8 million ($0.66 per share), up 59% YoY. Net interest income grew 37% YoY to $183.4 million with NIM stable at 3.83%, while organic loan growth ran at a 13% annualized pace and commercial pipelines stand at $1.3 billion. The adjusted efficiency ratio improved to 53.9% and adjusted ROTE hit 16.89%. The company completed the Villages Bancorporation integration, repurchased over 1.2 million shares year-to-date, and maintains a 14.1% Tier 1 capital ratio with $8.5 billion of available borrowing capacity.
Key figures
- Eps
- 0.55
- Revenue
- 215000000
- Revenue Yoy
- 37%
- Acl ratio
- 1.41%
- Net income
- 59900000
- Adjusted eps
- 0.66
- Adjusted roa
- 1.34%
- Total assets
- $21.2 billion
- Adjusted ppnr
- 100300000
- Adjusted rotce
- 16.89%
- Total deposits
- $16.6 billion
- Net charge offs
- 5400000
- Adjusted net income
- 71800000
- Net interest income
- 183400000
- Net interest margin
- 3.83%
- Tier1 capital ratio
- 14.1%
- Book value per share
- 26.83
- Shares repurchased ytd
- over 1.2 million
- Uninsured deposits pct
- 36%
- Commercial loan pipeline
- $1.3 billion
- Adjusted efficiency ratio
- 53.87%
- Provision for credit losses
- 6300000
- Tangible book value per share
- 15.96
- Organic loan growth annualized
- 13%
AI analysis
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