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Stock impact report

Seacoast Reports First Quarter 2026 Results

Seacoast Banking Corporation of Florida (SBCF) 
Last seacoast banking corporation of florida earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: seacoastbank.com
Company Research Source: Business Wire
Annualized Organic Deposit Growth of 7%Net Interest Margin Grew 17 Basis Points Quarter over Quarter to 3.83% STUART, Fla.--(BUSINESS WIRE)--Seacoast Banking Corporation of Florida ("Seacoast" or the "Company") (NASDAQ: SBCF) today reported unaudited results of operations and other financial information for the first quarter of 2026.First Quarter 2026 HighlightsNet income of $31.9 million included a $39.5 million loss from a strategic repositioning of available-for-sale securities executed in January 2026. This action involved selling approximately $277.0 million in low-yielding securities and reinvesting the proceeds into higher-yielding positions, providing higher interest income going forward. This contributed to a 24 basis point increase in yield on securities during the quarter.Adjusted net income1 of $67.8 million, or $0.62 per share, increased 42% from the prior quarter and 111% from the prior year quarter.Organic deposit growth of 7% annualized, including growth in noninter Show less Read more
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