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Seacoast Q1 FY26 adjusted net income rises 111% to $67.8 million

PUBT·04/28/2026 20:03:57
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Seacoast Q1 FY26 adjusted net income rises 111% to $67.8 million
  • Seacoast Banking posted first-quarter 2026 net income of $31.9 million, including a $39.5 million loss tied to a January securities repositioning.
  • Revenue totaled $163.9 million, reflecting the same $39.5 million securities loss.
  • Net interest margin widened 17 basis points to 3.83% as deposit costs eased.
  • Deposits climbed to $16.6 billion, while nonperforming loans increased to $95 million.
  • CEO Charles M. Shaffer said the company remains on track to improve shareholder returns, with Villages Bancorporation conversion expected this summer.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Seacoast Banking Corporation of Florida published the original content used to generate this news brief via Business Wire (Ref. ID: 20260428023602) on April 28, 2026, and is solely responsible for the information contained therein.