Seacoast Q2 2025 net income rises to $42.7 million, or $0.50 per diluted share
Seacoast reported second-quarter 2025 net income of $42.7 million, or $0.50 per diluted share, up from $31.5 million, or $0.37, in the first quarter and $30.2 million, or $0.36, a year earlier. Net interest margin rose to 3.58% and net revenues grew 8% from the prior quarter, while the provision for credit losses fell to $4.4 million from $9.3 million. The company also completed its $111.2 million Heartland Bancshares acquisition on July 11, 2025, and expects the proposed Villages Bancorporation deal to close in the fourth quarter of 2025.
Key points
- Net income was $42.7 million, or $0.50 per diluted share, versus $31.5 million, or $0.37, in Q1 2025 and $30.2 million, or $0.36, in Q2 2024.
- Net interest margin increased 10 basis points to 3.58% from 3.48% in Q1 2025; net interest income totaled $126.9 million.
- Total deposits decreased $77.2 million to $12.5 billion at June 30, 2025, while loans increased $165.8 million to $10.6 billion.
- Heartland Bancshares acquisition closed July 11, 2025; the Villages Bancorporation acquisition is expected to close in Q4 2025.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:38 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 24, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.