Seacoast Banking sets Oct. 27 date for third-quarter 2026 results
Key Facts
Seacoast Banking Corporation of Florida said it will release its third-quarter 2026 results after the market closes on Oct. 27, setting a date to report the bank’s performance for the period. The announcement follows a second quarter in which the company posted net income of $59.5 million, or $0.55 per diluted share, according to its filing with the U.S. Securities and Exchange Commission. That was up from $31.9 million, or $0.29 per share, in the first quarter of the year. The third-quarter results themselves are not available in the information here, so the second-quarter figures remain the published baseline for comparison. Investors will track net interest income and margins, along with loan and deposit growth, indicators highlighted in the company’s previous disclosures.
Seacoast’s second-quarter net revenue was $208.2 million, while net interest income reached $180.4 million, according to the company’s filing. The figures reflect two separate measures in the bank’s results: total net revenue and the component tied to the difference between income from assets and the cost of funding. Net interest margin was 3.83% for the period, which the company described as stable. Excluding the impact of increased discount accretion on acquired loans, the margin was 3.65%, expanding 8 basis points from the previous quarter. This detail allows investors to assess the underlying margin alongside the reported figure, without conflating the effect of acquired loans with its direction compared with the prior period.
The company said organic loans grew at an annualized rate of 16% in the second quarter, while total deposits rose at an annualized rate of 4%. Funding costs also declined, with the cost of deposits falling to 1.53%, according to the same filing. These indicators put loan and deposit growth and deposit costs in the context of second-quarter results, which also included net interest income of $180.4 million. In its third-quarter 2025 report, the company had attributed momentum in net interest income growth at the time to strong loan and deposit growth. Chairman and Chief Executive Charles Shafer said the company "maintained strong momentum in net interest income growth, driven by very strong loan and deposit growth."
As of June 30, 2026, the company had $429.9 million in cash, along with $9.2 billion in available borrowing capacity, according to its second-quarter filing. These are balances at the end of June, not figures reported for Sept. 30. On the same date, Seacoast had about $21.4 billion in assets and $16.8 billion in deposits. The figures provide a picture of the bank’s balance-sheet size ahead of the third quarter, while updated data on cash or borrowing at the end of September are not available in the current information. The company operates 105 full-service branches in Florida and Georgia, according to its announcement.
Among the operational matters the company was tracking were the integration of Villages Bancorporation and systems conversion. In an update published in October 2025, it said their completion was expected in the third quarter of 2026. The timeline provides additional context for reading the period’s results, but the available information does not confirm whether the integration and systems conversion were actually completed. The company also noted net interest income growth in its third-quarter 2025 report, linking it at the time to loan and deposit performance. The latest second-quarter results provide a comparison point for these indicators ahead of the third-quarter release.
After releasing its results, Seacoast will hold a conference call on Oct. 28 at 10:00 a.m. Eastern time to discuss third-quarter results and business trends. The call comes the day after results are scheduled for release after the market closes on Oct. 27. The company described the call as an opportunity to discuss the period’s performance and business trends, without providing further details on specific topics in the announcement. The call will be the direct follow-up to the quarterly results, alongside the figures the company releases. Management is expected to discuss the results in the context of the bank’s operating and financial indicators presented in its second-quarter filing.