At a glance
Seacoast Banking Corporation of Florida is worth $3.17B, about 21 times its fiscal 2025 earnings. Revenue grew 26.6% to $652.6M in fiscal 2025, with 22.2% kept as profit; over 5 years it has grown 15.0% a year. It pays a 2.32% dividend yield, raised every year for at least 4 years, and returned $263.3M to shareholders in dividends and buybacks over FY2021–FY2025. The stock returned +8.0% over the past year with dividends reinvested and +0.0% a year over five years, against +11.5% and +11.7% for the S&P 500. At its worst it fell 45.9% in the 2020 crash (S&P 500: 33.7%) and 21.7% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 8 months and 46 months after the lows.
The business in plain English
Seacoast Banking Corporation of Florida, based in Stuart, is the parent company of Seacoast National Bank, which was chartered in 1926. It is one of the largest banks headquartered in Florida. As of December 31, 2025, it had $20.8 billion in assets and $16.3 billion in deposits. Households and businesses use its 104 full-service branches and its mobile and online banking.
Most of its money comes from net interest income. That is the gap between the interest it earns on loans and investments and the interest it pays on deposits and borrowings. In fiscal 2025, net interest income was about $553 million of roughly $653 million in total revenue. The other $99 million was noninterest income, meaning fees and other revenue that doesn't come from interest. Besides commercial and consumer banking, Seacoast offers wealth management, mortgages and insurance. Brokerage and annuities are provided through an affiliation with LPL Financial.
Seacoast has grown by expanding its own business, opening in new markets and buying other banks. In July 2025 it bought Heartland, which added four Central Florida branches. In October 2025 it completed the purchase of VBI, which took it into North Central Florida and The Villages. Its first location outside Florida is in Woodstock, Georgia. The annual report does not split revenue by business line or region.
Price history
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SBCF +8.0% over the year to Oct 28, 2026, total return with dividends reinvested.
Latest results
- In Q2 FY2026 (ended Jun 30, 2026), revenue was $208.2M, up 37.5% from a year earlier, and net income was $59.5M (+39.5%).
- For fiscal 2025, revenue was $652.6M (+26.6% year over year; +15.0% a year from FY2020 to FY2025) with a 22.2% net margin.
Financial health check
| Revenue growth a year (FY2020–FY2025) | +15.0% good |
|---|---|
| Return on equity | 5.3% weak |
| Net income / revenue | 22.2% watch |
| Deposits | $16.79B |
| Loans | $12.96B |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2020 | $324.3M | $77.8M | — |
| FY2021 | $346.8M | $124.4M | — |
| FY2022 | $432.3M | $106.5M | — |
| FY2023 | $567.4M | $104.0M | — |
| FY2024 | $515.4M | $121.0M | — |
| FY2025 | $652.6M | $144.9M | — |
Valuation snapshot
| Market value | $3.17B |
|---|---|
| P/E ratio | 20.9 |
| Dividend yield | 2.32% |
Rank among 1514 US companies
Market value at each year end
Seacoast Banking Corporation of Florida’s market value went from $838.8M at the end of 2016 to $3.17B on Oct 28, 2026, about 3.8 times as much; since the end of 2025 it is up 3%.
Show as a table
| Year end | Market value | Change |
|---|---|---|
| Oct 28, 2026 | $3.17B | +3.3% |
| 2025 | $3.07B | +30.7% |
| 2024 | $2.35B | -2.9% |
| 2023 | $2.42B | +26.4% |
| 2022 | $1.92B | -7.1% |
| 2021 | $2.06B | +27.1% |
| 2020 | $1.62B | +3.2% |
| 2019 | $1.57B | +28.0% |
| 2018 | $1.23B | +12.1% |
| 2017 | $1.10B | +30.8% |
| 2016 | $838.8M |
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| SBCF price data to Oct 28, 2026 | +6.2% | +8.0% | +20.8% | 0.0% | +8.0% |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | +6.2% |
| 2025 | +17.1% |
| 2024 | -0.5% |
| 2023 | -6.1% |
| 2022 | -10.1% |
| 2021 | +21.6% |
| 2020 | -3.7% |
| 2019 | +17.5% |
| 2018 | +3.2% |
| 2017 | +14.3% |
| 2016 | +47.3% |
| 2015 | +8.9% |
| 2014 | +12.7% |
| 2013 | +51.5% |
| 2012 | +5.9% |
| 2011 | +4.1% |
| 2010 | -10.4% |
| 2009 | -75.2% |
| 2008 | -33.4% |
| 2007 | -57.0% |
| 2006 | +10.5% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Lost 85.8% over that stretch · deepest drop along the way 87.4%, not recovered by the end of the data |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 45.9% over that stretch · deepest drop along the way 45.9%, back to its old high 8.4 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 14.3% over that stretch · deepest drop along the way 21.7%, back to its old high 46.1 months after the low |
Insider activity
Form 4 filings from 2025-10-29 to 2026-10-29 (25 read): 0 open-market purchases and 6 sales ($1.9M), 3 of them under pre-arranged 10b5-1 trading plans.
| Date | Insider | Type | Value |
|---|---|---|---|
| Aug 27, 2026 | Juliette Kleffel EVP, Chief Operating Officer | sell | $509K |
| Sep 16, 2026 | Dennis S Iii Hudson Director | sell (plan) | $410K |
| May 4, 2026 | Charles M Shaffer Chairman, President & CEO, Director | sell | $320K |
| Jun 16, 2026 | Dennis S Iii Hudson Director | sell (plan) | $251K |
| May 6, 2026 | James C Iii Stallings EVP, Chief Credit Officer | sell | $235K |
Who owns it
Large shareholders (13G filings)
| Vanguard Capital Management | 5.23% | Mar 31, 2026 |
| STATE STREET CORPORATION | 5.1% | Mar 31, 2026 |
| Wellington Management Group LLP | 5% | Mar 31, 2026 |
| North Reef Capital Management L.P. | 4.91% | Jun 30, 2026 |
ETFs with the most weight in SBCF
| OSCV Opus Small Cap Value ETF | 1.69% |
| KBE SPDR S&P Bank ETF | 0.71% |
| XSVM Invesco S&P SmallCap Value with Momentum ETF | 0.66% |
| PSCF Invesco S&P SmallCap Financials ETF | 0.62% |
| SVAL iShares US Small Cap Value Factor ETF | 0.45% |
| KRE SPDR S&P Regional Banking ETF | 0.36% |
| IJS iShares S&P Small-Cap 600 Value ETF | 0.35% |
| SLYV SPDR S&P 600 Small Cap Value ETF | 0.34% |
What could go wrong
- Heavy dependence on Florida's economy. Nearly all of Seacoast's branches are in Florida. The company says Florida has historically had deeper recessions than other states, and its home and commercial property prices can fall faster and further than national averages.
- Half of loans tied to commercial property. As of December 31, 2025, 50% of the loan portfolio was secured by commercial real estate (CRE), such as offices and shopping centers. CRE rises and falls with the economy, and regulators closely watch banks that hold a lot of it.
- Hurricanes and severe weather. As a Florida bank, Seacoast is exposed to hurricanes, other severe weather and climate change. Storms can damage property that backs its loans, close branches and slow local economies.
- Acquisitions may not pay off. Seacoast closed the Heartland and VBI deals in 2025, and buying banks is a key part of its growth plan. Combining the businesses could go badly, expected benefits may not appear, and good deals may be scarce later.
- Interest rate swings can squeeze earnings. Most of Seacoast's revenue is net interest income, the gap between what its loans earn and what its deposits cost. That gap shrinks if deposit costs rise faster than loan rates. Rate moves are hard to predict.
- Trouble at other banks can spread. When other banks fail, depositors at banks that look similar may pull their money out. If deposits leave quickly, Seacoast might have to borrow at higher cost or sell assets at a loss, hurting earnings and capital.
Recent events
- Quarterly results released; Investor presentation or announcement
- Investor presentation or announcement
- Quarterly results released; Investor presentation or announcement
- Executive or board change
- Shareholder vote results; Investor presentation or announcement
- Investor presentation or announcement
- Quarterly results released; Investor presentation or announcement
- Executive or board change
- Investor presentation or announcement
- Quarterly results released; Investor presentation or announcement; Other company announcement
For income and retirement investors
Dividends per share have risen every year, from $0.39 in fiscal 2021 to $0.73 in fiscal 2025, about 17% a year on average. The latest raises were small: $0.71, $0.72, then $0.73. The fiscal 2025 dividend took 45.3% of earnings (the payout ratio), which leaves some room if profits dip. The yield was 2.32% as of October 28, 2026. Buybacks have been minor: about $11.7 million over fiscal 2021–2025, against about $252 million in dividends. Over the same stretch, the share count rose 65.9% between September 2021 and June 2026, so profits are split across more shares.
The stock has fallen hard in downturns. It lost 87.4% from October 2007 to March 2009 and had not regained that peak as of October 28, 2026. It dropped 45.9% in the 2020 COVID crash and recovered in about eight months. In the 2022 bear market it fell 21.7% and took about 46 months to recover. A single stock like Seacoast carries more risk than a diversified fund.
Questions investors ask
How does Seacoast Banking (SBCF) make money?
Mostly from lending. Seacoast earns net interest income, which is the difference between the interest it collects on loans and investments and the interest it pays on deposits and borrowings. In fiscal 2025 that was about $553 million of roughly $653 million in total revenue. The other $99 million was noninterest income, meaning fees and other revenue that doesn't come from interest. It offers commercial and consumer banking, wealth management, mortgages and insurance through 104 branches and online banking.
Does Seacoast Banking raise its dividend every year?
Yes, in every year its filings cover. Dividends per share rose each year from $0.39 in fiscal 2021 to $0.73 in fiscal 2025. The latest raises were small: $0.71 in fiscal 2023, $0.72 in fiscal 2024 and $0.73 in fiscal 2025. The fiscal 2025 dividend took 45.3% of earnings, and the yield was 2.32% as of October 28, 2026. The parent company's dividends depend on payments from its bank, and regulators can limit those payments.
Where does Seacoast Bank operate?
Almost entirely in Florida. Seacoast is one of the largest banks headquartered in the state and has 104 full-service branches. It targets Florida's fastest-growing markets. In July 2025 it bought Heartland, adding four Central Florida branches. In October 2025 it completed the purchase of VBI, which took it into North Central Florida and The Villages. Its first location outside Florida is in Woodstock, Georgia. Because of this, its results depend heavily on Florida's economy and property market.
How much of Seacoast's lending is commercial real estate?
About half. As of December 31, 2025, 50% of Seacoast's loan portfolio was secured by commercial real estate, meaning business property such as offices and shopping centers. The company says this kind of lending rises and falls with the economy. It also says Florida's commercial property market can swing faster and further than national markets. Regulators expect banks with a lot of this lending to hold more capital and larger reserves for loan losses. Total loans were about $13 billion as of June 30, 2026.
What is Seacoast Banking's P/E ratio?
It was 20.9 as of October 28, 2026, based on fiscal 2025 diluted earnings of $1.57 per share. The price-to-earnings (P/E) ratio shows how many dollars investors pay for each dollar of yearly profit. Return on equity, the profit earned on shareholders' money in the company, was a modest 5.3% in fiscal 2025. Profits have been growing, though. Net income rose 19.7% in fiscal 2025 and was up 39.5% from a year earlier in the quarter ended June 30, 2026.