Seacoast Banking Q4 revenue beats estimates

Seacoast Banking of Florida

29/01/2026 21:23

Overview

Florida community bank's Q4 revenue beat analyst expectations, adjusted EPS missed estimates

Company completed acquisition of Villages Bancorporation, adding $4.4 bln in assets

Net interest income rose 31% qtr/qtr, driven by loan and securities balances growth

Outlook

Seacoast expects enhanced shareholder returns in the latter half of 2026

Company sees significant growth opportunities from VBI acquisition

Seacoast plans full integration of VBI by Q3 2026

Result Drivers

ORGANIC LOAN GROWTH - Seacoast reported a 15% annualized organic loan growth, contributing to increased net interest income

VBI ACQUISITION - Acquisition of Villages Bancorporation added $4.4 bln in assets, enhancing market presence and deposit base

BRANCH EXPANSION - Expanded branch footprint with new locations in Bradenton, FL and greater Atlanta market

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$203.30 mln
$201.19 mln (5 Analysts)
Q4 Adjusted EPS
Miss
$0.44
$0.50 (6 Analysts)
Q4 EPS
$0.31
Q4 Adjusted Net Income
$47.74 mln
$52.55 mln (2 Analysts)
Q4 Net Income
$34.26 mln
Q4 Net Interest Income
$176.24 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy."

Wall Street's median 12-month price target for Seacoast Banking Corporation of Florida is $35.00, about 4.3% above its January 28 closing price of $33.56

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nBw1s290Pa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)