Seacoast Banking of Florida (SBCF) Investor presentation summary

Strategic growth and acquisitions

• Achieved significant growth through a balanced strategy of organic expansion and targeted acquisitions, notably the transformative acquisition of Villages Bancorporation, adding $4.4 billion in assets and $3.5 billion in low-cost deposits.

• Now ranks as the 2nd largest publicly traded bank in Florida by deposit market share, with a strong presence in high-growth markets and a scalable platform in The Villages community.

• Maintains a granular, relationship-focused deposit base, with consumer and business deposits each representing 50% of total deposits and an average customer tenure of 10 years.

• Expanded branch footprint, including new locations in Bradenton, FL and the greater Atlanta market, and added 19 branches from the VBI acquisition.

• Strategic repositioning of the securities portfolio in January 2026 is expected to be immediately accretive to earnings and net interest margin.

Financial performance and capital position

• Fourth quarter 2025 adjusted net income was $47.7 million, up 18% year-over-year, with net interest income rising 51% to $174.6 million and a net interest margin of 3.44%.

• Wealth management assets under management reached $2.8 billion, up 37% year-over-year, with $549 million in new organic assets added in 2025.

• Maintains a strong capital position with a Tier 1 capital ratio of 14.5% and tangible equity to tangible assets ratio of 9.3%.

• Noninterest income increased 20% from the prior quarter, driven by higher service charges, wealth management, and mortgage banking income.

• Adjusted efficiency ratio improved to 54.5% in Q4 2025, reflecting well-controlled expenses despite integration costs.

Loan growth, asset quality, and outlook

• Loans outstanding increased by $1.7 billion in Q4 2025, including $1.2 billion from the VBI acquisition; organic loan growth was 15% annualized.

• Maintains a diverse and granular loan portfolio, with average loan size of $435,000 and broad industry and collateral distribution.

• Asset quality remains strong, with net charge-offs at 0.03% of average loans and nonperforming loans at 0.57% of total loans.

• Allowance for credit losses increased to $179 million, or 1.42% of loans, primarily due to the VBI acquisition.

• 2026 outlook projects 29–31% adjusted revenue growth, high single-digit organic loan growth, and adjusted earnings per share of $2.48–$2.52.