Seacoast Q1 FY26 net income falls 1% to $31.9 million; net interest margin widens 35 bps to 3.83%
Seacoast Banking Corporation of Florida SBCF | 0.00 |
- Seacoast Banking reported Q1 net income of $31.9 million, or $0.29 per diluted share, as results included a $39.5 million loss tied to an AFS securities repositioning.
- Net interest income rose 49% year over year to $176.5 million, while net interest margin widened 35 basis points to 3.83%.
- Total noninterest results swung to a loss of $12.6 million from income, reflecting $39.5 million in net securities losses.
- Total assets were $21.1 billion at March 31, up 1% from year-end, while total deposits climbed $381.6 million to $16.6 billion.
- Nonperforming assets increased 30% from year-end to $99.3 million, lifting NPAs-to-assets to 0.47%.
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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-031220), on May 06, 2026, and is solely responsible for the information contained therein.
