Seacoast Banking reports Q3 2026 net income of $59.9 million, up 64% from a year earlier
Seacoast Banking Corporation of Florida reported unaudited third-quarter 2026 results, with net income of $59.9 million, or $0.55 per diluted share, up from $36.5 million a year earlier and flat per share from the prior quarter. Net revenues rose 3% from the prior quarter to $215.0 million, but book value per share fell to $26.83 from $28.20 as higher rates reduced the value of its securities portfolio, and the efficiency ratio worsened to 61.0% from 58.5%.
Key points
- Net income $59.9 million, or $0.55 per diluted share, versus $59.5 million, or $0.55, in Q2 2026 and $36.5 million, or $0.42, in Q3 2025
- Adjusted net income (non-GAAP) of $71.8 million, or $0.66 per diluted share, up from $65.8 million, or $0.61, in the prior quarter
- Net interest margin stable at 3.83%; total deposits fell to $16.6 billion from $16.8 billion; book value per share fell to $26.83 from $28.20
- Merger and integration costs of $15.5 million; nonperforming loans decreased to $73.3 million from $86.5 million
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 7, 2026, 11:17 PM ET, from the text of the filing and its press-release exhibits only.
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.