# Seacoast Banking Q3 2026 Earnings

> Seacoast Banking reports 64% higher net income and 13% loan growth as it completes merger integration.
- Title: Seacoast Banking Q3 2026 Earnings · The Motley Fool | Shortify
- Summary: Seacoast Banking reports 64% higher net income and 13% loan growth as it completes merger integration. Seacoast Banking achieved $59.9 million net income…
- Keywords: seacoast banking, sbcf, q3 2026, earnings call, net income, loan growth, net interest margin, commercial pipeline, adjusted net income, capital ratios, finance, money
- Source: The Motley Fool — https://fool.com/earnings/call-transcripts/2026/10/28/seacoast-banking-sbcf-q3-2026-earnings-call-transcript
- Author: Motley Fool Transcribing
- Published: 2026-10-28T16:24:39+00:00
- Read time: 2 min
- Topics: seacoast banking, sbcf, q3 2026, earnings call, net income, loan growth, net interest margin, commercial pipeline, adjusted net income, capital ratios, finance, money
## Q3 2026 Results
Seacoast Banking reported net income of $59.9 million, or $0.55 per diluted share, representing a 64% increase compared to the prior year quarter.
## Adjusted Earnings
Adjusted net income reached $71.8 million, or $0.66 per diluted share, reflecting 59% growth versus the prior year quarter.
## Net Interest Margin
Net interest margin remained stable at 3.83%, expanding 26 basis points compared to the third quarter of 2025.
## Loan Growth
Loans grew at a 13% annualized rate to $13.6 billion, supported by organic origination activity across commercial and residential segments.
## Commercial Pipeline
Commercial pipeline stood at approximately $1.3 billion at Sept. 30, 2026, supporting high single-digit growth outlook.
## Assets Under Management
Assets under management reached $3.2 billion, a 29% year-over-year increase driven by $574 million in new organic assets added year to date.
## Efficiency Ratio
Adjusted efficiency ratio improved to 53.9%, compared to 57.6% in the prior year quarter, demonstrating improved core operating leverage.
## Deposits
Total deposits declined to $16.6 billion, representing a sequential decline from $16.8 billion due to seasonal public fund flows and a $159 million reduction in brokered time deposits.
## Non-performing Loans
Non-performing loans decreased to $73.3 million, or 54 basis points of total loans, representing a 15% decline from the prior quarter.
## Capital Ratios
Tier 1 capital ratio of 14.1% and Tier 1 leverage ratio of 10.5% maintained the company's well-capitalized status.
## Tangible Book Value
Tangible book value declined to $15.96 per share, down from $17.25 in the prior quarter due to a $237 million increase in net unrealized losses.
## Share Repurchases
Over 1.2 million shares of common stock repurchased year to date, utilizing the company's robust capital position.
## Liquidity
Liquidity capacity of $8.5 billion represents 165% of uninsured and uncollateralized deposits.
## Margin Outlook
Management expects margin expansion in Q4 driven by seasonal return of approximately $300 million in public funds with rates 100-200 basis points below wholesale funding costs.
## Balance Sheet Remix
Using approximately $600 million in annual cash flows from securities portfolio to fund loan growth, with securities yields at 4.52% versus higher core loan yields.
## Fourth Quarter Outlook
Management targets high single-digit loan growth and margin expansion through Q4 with $300 million seasonal public fund return.
## Key takeaway

Seacoast Banking achieved $59.9 million net income, 64% higher than prior year, with 13% annualized loan growth and a 3.83% net interest margin.