Loading...
•
Jun 30
Seacoast Banking Q2 2025 Earnings Report
Seacoast Banking reported strong Q2 2025 earnings driven by higher net interest income and improved efficiency ratio.
Key Takeaways
Seacoast Banking delivered robust Q2 2025 results with revenue growth, expanded net interest margin, and improved efficiency ratio. Strong credit quality and disciplined cost management supported profitability.
Net income increased to $42.7M, EPS $0.50, adjusted EPS $0.52
Net interest margin expanded to 3.58%, up 10 bps QoQ
Efficiency ratio improved to 56.95%, adjusted to 55.36%
Tangible book value per share rose to $17.19, up 12% YoY
Seacoast Banking
Seacoast Banking
Seacoast Banking Revenue by Segment
Revenue by Segment
Net Interest Income Revenue
CapyFin.comService Charges Revenue
CapyFin.comInterchange Income Revenue
CapyFin.comWealth Management Revenue
CapyFin.comMortgage Banking Fees Revenue
CapyFin.comInsurance Agency Income Revenue
CapyFin.comBOLI Income Revenue
CapyFin.comOther Noninterest Income Revenue
CapyFin.comSecurities Gains (Net) Revenue
CapyFin.com Forward Guidance
Seacoast expects continued loan growth, stable credit quality, and benefits from recent acquisitions in the second half of 2025.
Positive Outlook
- Loan growth expected to accelerate with strong commercial pipelines
- Heartland Bancshares integration to enhance profitability
- Villages Bancorporation acquisition to expand presence in key markets
- Deposit costs expected to decline further, supporting NIM
- Strong capital position allows for strategic growth investments
Challenges Ahead
- Slight increase in nonperforming loans to 0.61% of total loans
- Net charge-offs expected to normalize around 10-15 bps in H2 2025
- Short-term funding costs may rise with continued securities purchases
- Acquisition integration expenses will pressure noninterest expenses
- Regulatory scrutiny could extend acquisition closing timelines