# EDGAR Filing Document

**Accession Number:** 0000730708
**File Stem:** 0000730708-25-000162
**Filing Date:** 2025-7
**Character Count:** 144430
**Document Hash:** dd016ba84a01f886c6c70072e2ab8e2d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000730708-25-000162.hdr.sgml**: 20250724

**ACCESSION NUMBER**: 0000730708-25-000162

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 44

**CONFORMED PERIOD OF REPORT**: 20250724

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250724

**DATE AS OF CHANGE**: 20250724

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SEACOAST BANKING CORP OF FLORIDA
- **CENTRAL INDEX KEY:** 0000730708
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 592260678
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-13660
- **FILM NUMBER:** 251147415

**BUSINESS ADDRESS:**
- **STREET 1:** 815 COLORADO AVE
- **STREET 2:** P O BOX 9012
- **CITY:** STUART
- **STATE:** FL
- **ZIP:** 34994
- **BUSINESS PHONE:** 772 288 6063

**MAIL ADDRESS:**
- **STREET 1:** 815 COLORADO AVE
- **STREET 2:** P O BOX 9012
- **CITY:** STUART
- **STATE:** FL
- **ZIP:** 34995

?xml version='1.0' encoding='ASCII'? sbcf-20250724

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, DC 20549**

**FORM 8-K** 

**CURRENT REPORT**

**PURSUANT TO SECTION 13 OR 15(d) OF THE**

**SECURITIES EXCHANGE ACT OF 1934**

Date of report (Date of earliest event reported): July 24, 2025

**<u>SEACOAST BANKING CORPORATION OF FLORIDA</u>**

(Exact Name of Registrant as Specified in Charter)

---

| | | |
|:---|:---|:---|
| **Florida** | **000-13660** | **59-2260678** |
| (State or Other Jurisdiction<br>of Incorporation) | (Commission<br>File Number) | (IRS Employer<br>Identification No.) |

---

---

| | | | |
|:---|:---|:---|:---|
| **815 COLORADO AVENUE,** | **STUART** | **FL** | **34994** |
| (Address of Principal Executive Offices) | (Address of Principal Executive Offices) | (Address of Principal Executive Offices) | (Zip Code) |

---

Registrant's telephone number, including area code **<u>(772) 287-4000</u>**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐&nbsp;&nbsp;&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐&nbsp;&nbsp;&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **<u>Title of each class</u>** | **<u>Trading Symbol(s)</u>** | **<u>Name of each exchange on which registered</u>** |
| Common Stock, $0.10 par value | SBCF | Nasdaq Global Select Market |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**SEACOAST BANKING CORPORATION OF FLORIDA**

**Item 2.02**&nbsp;&nbsp;&nbsp;&nbsp;**Results of Operations and Financial Condition**

On July 24, 2025, Seacoast Banking Corporation of Florida ("Seacoast or the "Company") announced its financial results for the quarter ended June 30, 2025. A copy of the press release announcing Seacoast's results for the quarter ended June 30, 2025, is attached hereto as Exhibit 99.1 and incorporated herein by reference.

**Item 7.01**&nbsp;&nbsp;&nbsp;&nbsp;**Regulation FD Disclosure**

On July 25, 2025, Seacoast will hold an investor conference call to discuss its financial results for the quarter ended June 30, 2025. Attached as Exhibit 99.2 are charts containing information used in the conference call and incorporated herein by reference, which are also available on the Company's website at www.seacoastbanking.com. All information included in the charts is presented as of June 30, 2025, and the Company does not assume any obligation to correct or update said information in the future.

The information in Items 2.02 and 7.01, as well as Exhibits 99.1 and 99.2 is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933.

**Item 9.01**&nbsp;&nbsp;&nbsp;&nbsp;**Financial Statements and Exhibits**

(d) Exhibits

---

| | |
|:---|:---|
| <u>Exhibit No.</u> | <u>Description</u> |
| 99.1 | <u>[Press Release dated July 24, 2025, with respect to Seacoast's financial results for the quarter ended June 30, 2025](a2q2025earningsrelease.htm)</u> |
| 99.2 | <u>[Data on website containing information used in the conference call to be held on](sbcf2q2025earningspresen.htm)[July](sbcf2q2025earningspresen.htm)[25, 2025](sbcf2q2025earningspresen.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

Exhibits 99.1 and 99.2 referenced herein, contain "forward-looking statements" within the meaning, and protections, of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, without limitation, statements about future financial and operating results, cost savings, enhanced revenues, economic and seasonal conditions in the Company's markets, and improvements to reported earnings that may be realized from cost controls, tax law changes, new initiatives and for integration of banks that the Company has acquired or expects to acquire, as well as statements with respect to Seacoast's objectives, strategic plans, expectations and intentions and other statements that are not historical facts. Actual results may differ from those set forth in the forward-looking statements.

Forward-looking statements include statements with respect to the Company's beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates and intentions about future performance and involve known and unknown risks, uncertainties and other factors, which may be beyond the Company's control, and which may cause the actual results, performance or achievements of Seacoast Banking Corporation of Florida or its wholly-owned banking subsidiary, Seacoast National Bank, to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. You should not expect the Company to update any forward-looking statements.

------

**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

SEACOAST BANKING CORPORATION OF FLORIDA

---

| | |
|:---|:---|
| Dated: July 24, 2025 | /s/ Tracey L. Dexter |
| | Tracey L. Dexter |
| | Chief Financial Officer |

---

## Exhibit 99.1

![sbcflogo.gif](sbcflogo.gif)

**SEACOAST REPORTS SECOND QUARTER 2025 RESULTS**

**Net Interest Margin Expands 10 Basis Points to 3.58% and Net Interest Income Grows 7%** 

**Annualized Loan Growth of 6% with Continuing Strong Pipeline**

**Gains in Return on Average Assets, Return on Tangible Common Equity and Efficiency Ratio**

STUART, Fla., July 24, 2025 /BUSINESS WIRE/ -- Seacoast Banking Corporation of Florida ("Seacoast" or the "Company") (NASDAQ: SBCF) today reported net income in the second quarter of 2025 of $42.7 million, or $0.50 per diluted share, compared to $31.5 million, or $0.37 per diluted share, in the first quarter of 2025 and $30.2 million, or $0.36 per diluted share, in the second quarter of 2024. For the six months ended June 30, 2025 and 2024, net income was $74.2 million, or $0.87 per diluted share, and $56.3 million, or $0.66 per diluted share, respectively.

Adjusted net income<sup>1</sup> for the second quarter of 2025 was $44.5 million, or $0.52 per diluted share, compared to $32.1 million, or $0.38 per diluted share, in the first quarter of 2025 and $30.3 million, or $0.36 per diluted share, in the second quarter of 2024. For the six months ended June 30, 2025 and 2024, adjusted net income<sup>1</sup> was $76.6 million, or $0.90 per diluted share, and $61.4 million, or $0.72 per diluted share, respectively.

Pre-tax pre-provision earnings<sup>1</sup> were $60.2 million in the second quarter of 2025, an increase of $9.6 million, or 19%, compared to the first quarter of 2025 and an increase of $15.7 million, or 35%, compared to the second quarter of 2024. For the six months ended June 30, 2025 and 2024, pre-tax pre-provision earnings<sup>1</sup> were $110.8 million and $80.2 million, respectively. Adjusted pre-tax pre-provision earnings<sup>1</sup> were $62.6 million in the second quarter of 2025, an increase of $10.9 million, or 21%, compared to the first quarter of 2025 and an increase of $18.1 million, or 41%, compared to the second quarter of 2024. For the six months ended June 30, 2025 and 2024, adjusted pre-tax pre-provision earnings<sup>1</sup> were $114.3 million and $87.0 million, respectively.

For the second quarter of 2025, return on average tangible assets was 1.24% and return on average tangible shareholders' equity was 12.82%, compared to 0.98% and 10.17%, respectively, in the prior quarter, and 1.00% and 10.75%, respectively, in the prior year quarter. For the six months ended June 30, 2025, return on average tangible assets was 1.12% and return on average tangible shareholders' equity was 11.52%. For the six months ended June 30, 2024, return on average tangible assets was 0.94% and return on average tangible shareholders' equity was 10.15%. Adjusted return on average tangible assets<sup>1</sup> in the second quarter of 2025 was 1.29% and adjusted return on average tangible shareholders' equity<sup>1</sup> was 13.31%, compared to 1.00% and 10.35%, respectively, in the prior quarter, and 1.00% and 10.76%, respectively, in the prior year quarter. For the six months ended June 30, 2025, adjusted return on average tangible assets<sup>1</sup> was 1.15% and adjusted return on average tangible shareholders' equity<sup>1</sup> was 11.86%. For the six months ended June 30, 2024, adjusted return on average tangible assets<sup>1</sup> was 1.02% and adjusted return on average tangible shareholders' equity<sup>1</sup> was 10.95%.

Charles M. Shaffer, Seacoast's Chairman and CEO, said, "Our performance in the second quarter showcases the strength and momentum of our franchise. The expansion in net interest margin is a direct result of the disciplined execution and strategic focus of the Seacoast team. We're seeing the benefits of consistent, high-quality loan growth and well-managed deposit costs, which are fueling strong net interest income growth. Our fee-based revenue businesses continue to expand and expenses are well controlled."

Shaffer added, "In the second half of the year, we're thrilled to welcome two seasoned, high-performing franchises - Heartland Bancshares, Inc. and Villages Bancorporation, Inc. - into the Seacoast franchise. These acquisitions are transformational, expanding our footprint in key growth markets across Central Florida and The Villages®, one of the fastest-growing communities in the country."

"The Heartland Bancshares acquisition brings a strong banking presence and deep customer relationships in Central Florida, along with a talented team that shares our values and commitment to community banking. Villages

<sup>1</sup>*Non-GAAP measure, see "Explanation of Certain Unaudited Non-GAAP Financial Measures" for more information and for a reconciliation to GAAP.*

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![sbcflogo.gif](sbcflogo.gif)

Bancorporation will add a unique and deeply rooted franchise in a vibrant market with attractive demographics, enhancing our ability to serve a growing and affluent customer base."

Shaffer concluded, "We remain committed to maintaining our fortress balance sheet and disciplined approach to credit. We are consistently operating with one of the strongest capital positions in the industry, with ample liquidity and a Tier 1 capital ratio of 14.6% as of June 30, 2025. In the coming quarters, we will strategically deploy excess capital through the two bank acquisitions, which we expect will meaningfully enhance our profitability and long-term growth trajectory."

**<u>Acquisitions Update</u>**

On July 11, 2025, the Company completed its acquisition of Heartland Bancshares, Inc. ("Heartland"), adding approximately $157 million in loans and $684 million in deposits, along with four branches in Central Florida. Integration activities, including system conversion, are expected to be finalized later in the third quarter of 2025. Total consideration was $111.2 million, structured as a 50% cash and 50% stock transaction.

On May 29, 2025, the Company announced its proposed acquisition of Villages Bancorporation, Inc ("VBI"). The transaction, which is expected to close in the fourth quarter of 2025, will expand the Company's presence in North Central Florida and into The Villages community. VBI operates 19 branches with approximately $3.5 billion in deposits and approximately $1.3 billion in loans as of June 30, 2025. Full integration and system conversion activities are expected to be finalized in the second quarter of 2026.

**<u>Financial Results</u>** 

***Income Statement***

**• Net income** in the second quarter of 2025 was $42.7 million, or $0.50 per diluted share, compared to $31.5 million, or $0.37 per diluted share, in the prior quarter and $30.2 million, or $0.36 per diluted share, in the prior year quarter. Adjusted net income<sup>1</sup> for the second quarter of 2025 was $44.5 million, or $0.52 per diluted share, compared to $32.1 million, or $0.38 per diluted share, for the prior quarter, and $30.3 million, or $0.36 per diluted share, for the prior year quarter.

**• Net revenues** were $151.4 million in the second quarter of 2025, an increase of $10.7 million, or 8%, compared to the prior quarter, and an increase of $24.8 million, or 20%, compared to the prior year quarter. Adjusted net revenues<sup>1</sup> were $151.8 million in the second quarter of 2025, an increase of $10.9 million, or 8%, compared to the prior quarter, and an increase of $24.9 million, or 20%, compared to the prior year quarter.

**• Pre-tax pre-provision earnings**<sup>1</sup> were $60.2 million in the second quarter of 2025, an increase of $9.6 million, or 19%, compared to the first quarter of 2025 and an increase of $15.7 million, or 35%, compared to the second quarter of 2024. Adjusted pre-tax pre-provision earnings<sup>1</sup> were $62.6 million in the second quarter of 2025, an increase of $10.9 million, or 21%, compared to the first quarter of 2025 and an increase of $18.1 million, or 41%, compared to the second quarter of 2024.

**• Net interest income** totaled $126.9 million in the second quarter of 2025, reflecting an increase of $8.3 million, or 7%, compared to the prior quarter, and an increase of $22.4 million, or 21%, compared to the second quarter of 2024. The increase was driven by higher securities and loan interest income. Securities income increased $3.1 million, or 11%, primarily due to securities purchases in the first half of 2025. Interest income on loans increased by $6.4 million in the second quarter of 2025, reflecting strong loan production and an increase in accretion on acquired loans from higher payoffs. Included in loan interest income was accretion on acquired loans of $10.6 million in the second quarter of 2025, $8.2 million in the first quarter of 2025, and $10.2 million in the second quarter of 2024. On the expense side, interest on deposits decreased $3.0 million, or 7%, compared to the prior quarter, and $10.7 million, or 21%, compared to the second quarter of 2024, reflecting a lower cost of deposits. Interest expense on borrowed money increased $3.6 million, or 50%, compared to the prior quarter, and $4.6 million, or 75%, compared to second quarter of 2024, largely due to higher short-term borrowings used to fund strategic purchases of securities in advance of the Heartland acquisition.

<sup>1</sup>*Non-GAAP measure, see "Explanation of Certain Unaudited Non-GAAP Financial Measures" for more information and for a reconciliation to GAAP.*

*&nbsp;&nbsp;&nbsp;&nbsp;*

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![sbcflogo.gif](sbcflogo.gif)

**• Net interest margin** increased 10 basis points to 3.58% in the second quarter of 2025 compared to 3.48% in the first quarter of 2025. Excluding the effects of accretion on acquired loans, net interest margin expanded five basis points to 3.29% in the second quarter of 2025 compared to 3.24% in the first quarter of 2025. Loan yields were 5.98%, an increase of eight basis points from the prior quarter. Securities yields decreased one basis point to 3.87%, compared to 3.88% in the prior quarter. The cost of deposits declined 13 basis points from 1.93% in the prior quarter to 1.80% in the second quarter of 2025.

**•** The **provision for credit losses** was $4.4 million in the second quarter of 2025, compared to $9.3 million in the first quarter of 2025 and $4.9 million in the second quarter of 2024. Allowance coverage of 1.34% remains flat compared to March 31, 2025.

**• Noninterest income** totaled $24.5 million in the second quarter of 2025, an increase of $2.3 million, or 11%, compared to each of the prior quarter and the prior year quarter. Results in the second quarter of 2025 included:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** Service charges on deposits totaled $5.5 million, an increase of $0.4 million, or 7% from the prior quarter, and an increase of $0.2 million, or 4%, from the prior year quarter. Our investments in talent and significant market expansion across the state have resulted in continued growth in treasury management services to commercial customers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** Wealth management income totaled $4.2 million, a decrease of $0.1 million, or 1%, from the prior quarter and an increase of $0.4 million, or 11%, from the prior year quarter. Assets under management have grown 16% year over year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Mortgage banking fees totaled $0.7 million, an increase of $0.3 million, or 70%, from the prior quarter and an increase of $0.1 million, or 18%, from the prior year quarter, due to higher saleable production.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Insurance agency income totaled $1.3 million, a decrease of $0.3 million, or 20%, from the prior quarter and a decrease of $0.1 million, or 5%, from the prior year quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Bank Owned Life Insurance ("BOLI") income totaled $3.4 million, an increase of $0.9 million, or 37%, from the prior quarter and an increase of $0.8 million, or 30% from the prior year quarter. The increase resulted from a $0.9 million death benefit payout.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** Other income totaled $7.5 million, an increase of $1.2 million, or 20%, from the prior quarter and an increase of $0.9 million, or 13%, from the prior year quarter. The increase in the second quarter of 2025 included $3.0 million in tax refunds received related to a prior bank acquisition, which was partially offset by lower gains on SBA loan sales and lower gains on SBIC investments compared to the first quarter of 2025.

**• Noninterest expense** was $91.7 million in the second quarter of 2025, an increase of $1.1 million, or 1%, compared to the prior quarter, and an increase of $9.2 million, or 11%, compared to the prior year quarter. Seacoast has prudently managed expenses while strategically investing to support continued growth. Results in the second quarter of 2025 included:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** Salaries and wages totaled $44.4 million, an increase of $2.2 million, or 5%, from the prior quarter and an increase of $5.5 million, or 14%, from the prior year quarter. The increase from the prior quarter represents higher performance driven incentive compensation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** Employee benefits totaled $8.1 million, a decrease of $0.8 million, or 9%, compared to the seasonally higher prior quarter and an increase of $1.2 million, or 18%, from the prior year quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** Outsourced data processing costs totaled $8.5 million, flat compared to the prior quarter and an increase of $0.3 million, or 4%, from the prior year quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** Occupancy costs totaled $7.5 million, an increase of $0.1 million, or 2%, compared to the prior quarter and an increase of $0.3 million, or 4%, from the prior year quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Marketing expenses totaled $3.0 million, reflecting an increase of $0.2 million, or 8%, compared to the prior quarter and a decrease of $0.3 million, or 9%, from the prior year quarter, primarily associated with the timing of various campaigns to support customer growth initiatives.

<sup>1</sup>*Non-GAAP measure, see "Explanation of Certain Unaudited Non-GAAP Financial Measures" for more information and for a reconciliation to GAAP.*

*&nbsp;&nbsp;&nbsp;&nbsp;*

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** Legal and professional fees totaled $2.1 million, a decrease of $0.7 million, or 24%, compared to the prior quarter and an increase of $0.1 million, or 4%, from the prior year quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Merger-related charges totaled $2.4 million in the second quarter of 2025 and $1.1 million in the prior quarter.

**•** Seacoast recorded $12.6 million of **income tax expense** in the second quarter of 2025, compared to $9.4 million in the first quarter of 2025, and $8.9 million in the second quarter of 2024. Tax benefit related to stock-based compensation was immaterial in each period.

**•** The **efficiency ratio** improved to 56.95% in the second quarter of 2025, compared to 60.28% in the first quarter of 2025 and 60.21% in the prior year quarter. The **adjusted efficiency ratio**<sup>1</sup> also improved, to 55.36% in the second quarter of 2025, compared to 59.53% in the first quarter of 2025 and 60.21% in the prior year quarter. The improvement in the efficiency ratio quarter over quarter reflects higher net interest income and higher noninterest income, partially offset by modestly higher expenses. The Company continues to remain keenly focused on disciplined expense control, while making investments for growth.

***Balance Sheet***

**•** At June 30, 2025, the Company had **total assets** of $15.9 billion and **total shareholders' equity** of $2.3 billion. **Book value per share** was $26.43 as of June 30, 2025, compared to $26.04 as of March 31, 2025, and $24.98 as of June 30, 2024. **Tangible book value per share** was $17.19 as of June 30, 2025, compared to $16.71 as of March 31, 2025, and $15.41 as of June 30, 2024. Year over year tangible book value per share increased 12%.

**• Debt securities** totaled $3.5 billion as of June 30, 2025, an increase of $226.9 million compared to March 31, 2025. Throughout the first half of 2025, strategic purchases were funded with short term FHLB borrowings. Debt securities as of June 30, 2025 included approximately $2.9 billion in securities classified as available-for-sale and recorded at fair value. The unrealized loss on these securities is fully reflected in the value presented on the balance sheet. The portfolio also includes $613.3 million in securities classified as held-to-maturity with a fair value of $503.2 million. Held-to-maturity securities consist solely of mortgage-backed securities and collateralized mortgage obligations guaranteed by U.S. government agencies, each of which is expected to recover any price depreciation over its holding period as the debt securities move to maturity. The Company has significant liquidity and available borrowing capacity and has the intent and ability to hold these investments to maturity.

**• Loans** increased $165.8 million, or 6.4% annualized during the quarter, totaling $10.6 billion as of June 30, 2025. The Company continues to exercise a disciplined approach to lending and is benefiting from the investments made in recent years to attract talent from large regional and national banks across its markets.

**• Loan pipelines** (loans in underwriting and approval or approved and not yet closed) totaled $920.9 million as of June 30, 2025, compared to $981.6 million at March 31, 2025 and $834.4 million at June 30, 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** Commercial pipelines were $861.2 million as of June 30, 2025, compared to $904.1 million at March 31, 2025, and $773.1 million at June 30, 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** Saleable residential pipelines were $14.4 million as of June 30, 2025, compared to $15.5 million at March 31, 2025, and $12.1 million at June 30, 2024. Retained residential pipelines were $29.2 million as of June 30, 2025, compared to $37.5 million at March 31, 2025, and $24.7 million at June 30, 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** Consumer pipelines were $16.2 million as of June 30, 2025, compared to $24.4 million at March 31, 2025 and $24.5 million at June 30, 2024.

**• Total deposits** were $12.5 billion as of June 30, 2025, a decrease of $77.2 million, or 2.5% annualized, when compared to March 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** The cost of deposits declined 13 basis points from 1.93% in the prior quarter to 1.80% in the second quarter of 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At June 30, 2025, customer transaction account balances represented 47% of total deposits.The Company benefits from a granular deposit franchise, with the top ten depositors representing approximately 3% of total deposits.

<sup>1</sup>*Non-GAAP measure, see "Explanation of Certain Unaudited Non-GAAP Financial Measures" for more information and for a reconciliation to GAAP.*

*&nbsp;&nbsp;&nbsp;&nbsp;*

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** Consumer deposits represent 40% of overall deposit funding with an average consumer customer balance of $25 thousand. Commercial deposits represent 60% of overall deposit funding with an average business customer balance of $113 thousand.

**• Federal Home Loan Bank advances** totaled $715.0 million at June 30, 2025 with a weighted-average interest rate of 4.15% during the second quarter of 2025, compared to advances outstanding of $465.0 million at March 31, 2025 with a weighted-average interest rate of 4.26% in the first quarter of 2025. The Company utilized short-term fixed-rate advances to fund securities purchases in the first and second quarters of 2025.

***Asset Quality***

**•** The ratio of **criticized and classified loans** to total loans was 2.39% at June 30, 2025, compared to 2.41% at March 31, 2025, and 2.59% at June 30, 2024.

**• Nonperforming loans** were $64.2 million at June 30, 2025, compared to $71.0 million at March 31, 2025, and $59.9 million at June 30, 2024. Nonperforming loans to total loans outstanding were 0.61% at June 30, 2025, 0.68% at March 31, 2025, and 0.60% at June 30, 2024.

**• Accruing past due loans** were $14.2 million, or 0.13% of total loans, at June 30, 2025, compared to $17.2 million, or 0.15% of total loans, at March 31, 2025, and $29.5 million, or 0.30% of total loans, at June 30, 2024.

**• Nonperforming assets to total assets** were 0.44% at June 30, 2025, compared to 0.50% at March 31, 2025, and 0.45% at June 30, 2024.

**• The ratio of allowance for credit losses to total loans** was 1.34% at June 30, 2025, 1.34% at March 31, 2025, and 1.41% at June 30, 2024.

**• Net charge-offs** were $2.5 million in the second quarter of 2025, compared to $7.0 million in the first quarter of 2025 and $9.9 million in the second quarter of 2024.

**• Portfolio diversification**, in terms of asset mix, industry, and loan type, has been a critical element of the Company's lending strategy. Exposure across industries and collateral types is broadly distributed. Seacoast's average loan size is $437 thousand, and the average commercial loan size is $872 thousand, reflecting an ability to maintain granularity within the overall loan portfolio.

**• Construction and land development** and **commercial real estate loans** remain well below regulatory guidance as of June 30, 2025 at 35% and 239% of total bank-level risk-based capital<sup>2</sup>, respectively, compared to 36% and 236%, respectively, at March 31, 2025. On a consolidated basis and as of June 30, 2025, construction and land development and commercial real estate loans represent 33% and 221%, respectively, of total consolidated risk-based capital<sup>2</sup>.

***Capital and Liquidity***

**•** The Company continues to operate with a fortress balance sheet, with a **Tier 1 capital ratio** at June 30, 2025 of 14.6%<sup>2</sup> compared to 14.7% at March 31, 2025, and 14.8% at June 30, 2024. The **Total capital ratio** was 16.1%<sup>2</sup>, the **Common Equity Tier 1 capital ratio** was 14.0%<sup>2</sup>, and the **Tier 1 leverage ratio** was 11.1%<sup>2</sup> at June 30, 2025. The Company is considered "well capitalized" based on applicable U.S. regulatory capital ratio requirements.

**• Cash and cash equivalents** at June 30, 2025 totaled $332.4 million.

**•** The Company's **loan-to-deposit ratio** was 84.96% at June 30, 2025, which should continue to provide liquidity and flexibility moving forward.

**• Tangible common equity to tangible assets** was 9.75% at June 30, 2025, compared to 9.58% at March 31, 2025, and 9.30% at June 30, 2024. If all held-to-maturity securities were adjusted to fair value, the tangible common equity ratio would have been 9.27% at June 30, 2025.

**•** At June 30, 2025, in addition to $332.4 million in cash, the Company had $5.9 billion in **available borrowing capacity**, including $3.5 billion in available collateralized lines of credit, $2.0 billion of unpledged debt securities available as collateral for potential additional borrowings, and available unsecured lines of credit of $0.3 billion.

<sup>1</sup>*Non-GAAP measure, see "Explanation of Certain Unaudited Non-GAAP Financial Measures" for more information and for a reconciliation to GAAP.*

<sup>2</sup> *Estimated.*

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **FINANCIAL HIGHLIGHTS** | | | | | |
| (Amounts in thousands except per share data) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) |
|  | Quarterly Trends | Quarterly Trends | Quarterly Trends | Quarterly Trends | Quarterly Trends |
|  | **2Q'25** | 1Q'25 | 4Q'24 | 3Q'24 | 2Q'24 |
| Selected balance sheet data: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Gross loans | $**10608824** | $10443021 | $10299950 | $10205281 | $10038508 |
| &nbsp;&nbsp;&nbsp;Total deposits | **12497598** | 12574796 | 12242427 | 12243585 | 12116118 |
| &nbsp;&nbsp;&nbsp;Total assets | **15944955** | 15732485 | 15176308 | 15168371 | 14952613 |
| Performance measures: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net income | $**42687** | $31464 | $34085 | $30651 | $30244 |
| &nbsp;&nbsp;&nbsp;Net interest margin | **3.58%** | 3.48% | 3.39% | 3.17% | 3.18% |
| &nbsp;&nbsp;Pre-tax pre-provision earnings<sup>1</sup> | $**60236** | $50590 | $47858 | $46086 | $44555 |
| &nbsp;&nbsp;&nbsp;Average diluted shares outstanding | **85479** | 85388 | 85302 | 85069 | 84816 |
| &nbsp;&nbsp;&nbsp;Diluted earnings per share (EPS) | **0.50** | 0.37 | 0.40 | 0.36 | 0.36 |
| &nbsp;&nbsp;&nbsp;Return on (annualized): |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Average assets (ROA) | **1.08%** | 0.83% | 0.89% | 0.81% | 0.82% |
| &nbsp;&nbsp;&nbsp;&nbsp;Average tangible assets (ROTA)<sup>2</sup> | **1.24** | 0.98 | 1.06 | 0.99 | 1.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;Average tangible common equity (ROTCE)<sup>2</sup> | **12.82** | 10.17 | 10.90 | 10.31 | 10.75 |
| &nbsp;&nbsp;Tangible common equity to tangible assets<sup>2</sup> | **9.75** | 9.58 | 9.60 | 9.64 | 9.30 |
| &nbsp;&nbsp;Tangible book value per share<sup>2</sup> | $**17.19** | $16.71 | $16.12 | $16.20 | $15.41 |
| &nbsp;&nbsp;&nbsp;Efficiency ratio | **56.95%** | 60.28% | 56.26% | 59.84% | 60.21% |
| Adjusted operating measures<sup>1</sup>: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Adjusted net income | $**44466** | $32102 | $40556 | $30511 | $30277 |
| &nbsp;&nbsp;&nbsp;Adjusted pre-tax pre-provision earnings | **62627** | 51686 | 56610 | 46390 | 44490 |
| &nbsp;&nbsp;&nbsp;Adjusted diluted EPS | **0.52** | 0.38 | 0.48 | 0.36 | 0.36 |
| &nbsp;&nbsp;&nbsp;Adjusted ROA | **1.13%** | 0.85% | 1.06% | 0.81% | 0.82% |
| &nbsp;&nbsp;Adjusted ROTA<sup>2</sup> | **1.29** | 1.00 | 1.24 | 0.98 | 1.00 |
| &nbsp;&nbsp;Adjusted ROTCE<sup>2</sup> | **13.31** | 10.35 | 12.74 | 10.27 | 10.76 |
| &nbsp;&nbsp;&nbsp;Adjusted efficiency ratio | **55.36** | 59.53 | 56.07 | 59.84 | 60.21 |
| &nbsp;&nbsp;Net adjusted noninterest expense as a percent of average tangible assets<sup>2</sup> | **2.25%** | 2.33% | 2.19% | 2.19% | 2.19% |
| Other data: |  |  |  |  |  |
| &nbsp;&nbsp;Market capitalization<sup>3</sup> | $**2373871** | $2202958 | $2355679 | $2277003 | $2016472 |
| &nbsp;&nbsp;&nbsp;Full-time equivalent employees | **1522** | 1518 | 1504 | 1493 | 1449 |
| &nbsp;&nbsp;&nbsp;Number of ATMs | **98** | 98 | 96 | 96 | 95 |
| &nbsp;&nbsp;&nbsp;Full-service banking offices | **84** | 79 | 77 | 77 | 77 |
| <sup>1</sup>*Non-GAAP measure, see "Explanation of Certain Unaudited Non-GAAP Financial Measures" for more information and a reconciliation to GAAP.* | <sup>1</sup>*Non-GAAP measure, see "Explanation of Certain Unaudited Non-GAAP Financial Measures" for more information and a reconciliation to GAAP.* | <sup>1</sup>*Non-GAAP measure, see "Explanation of Certain Unaudited Non-GAAP Financial Measures" for more information and a reconciliation to GAAP.* | <sup>1</sup>*Non-GAAP measure, see "Explanation of Certain Unaudited Non-GAAP Financial Measures" for more information and a reconciliation to GAAP.* | <sup>1</sup>*Non-GAAP measure, see "Explanation of Certain Unaudited Non-GAAP Financial Measures" for more information and a reconciliation to GAAP.* | <sup>1</sup>*Non-GAAP measure, see "Explanation of Certain Unaudited Non-GAAP Financial Measures" for more information and a reconciliation to GAAP.* |
| <sup>2</sup>*The Company defines tangible assets as total assets less intangible assets, and tangible common equity as total shareholders' equity less intangible assets.* | <sup>2</sup>*The Company defines tangible assets as total assets less intangible assets, and tangible common equity as total shareholders' equity less intangible assets.* | <sup>2</sup>*The Company defines tangible assets as total assets less intangible assets, and tangible common equity as total shareholders' equity less intangible assets.* | <sup>2</sup>*The Company defines tangible assets as total assets less intangible assets, and tangible common equity as total shareholders' equity less intangible assets.* | <sup>2</sup>*The Company defines tangible assets as total assets less intangible assets, and tangible common equity as total shareholders' equity less intangible assets.* | <sup>2</sup>*The Company defines tangible assets as total assets less intangible assets, and tangible common equity as total shareholders' equity less intangible assets.* |
| <sup>3</sup>*Common shares outstanding multiplied by closing bid price on last day of each period.* | <sup>3</sup>*Common shares outstanding multiplied by closing bid price on last day of each period.* | <sup>3</sup>*Common shares outstanding multiplied by closing bid price on last day of each period.* | <sup>3</sup>*Common shares outstanding multiplied by closing bid price on last day of each period.* | <sup>3</sup>*Common shares outstanding multiplied by closing bid price on last day of each period.* | <sup>3</sup>*Common shares outstanding multiplied by closing bid price on last day of each period.* |

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**OTHER INFORMATION**

**Conference Call Information**

Seacoast will host a conference call on July 25, 2025, at 10:00 a.m. (Eastern Time) to discuss the second quarter of 2025 earnings results and business trends. Investors may call in (toll-free) by dialing (800) 715-9871 (Conference ID: 5614613). Charts will be used during the conference call and may be accessed at Seacoast's website at www.SeacoastBanking.com by selecting "Presentations" under the heading "News/Events." Additionally, a recording of the call will be made available to individuals shortly after the conference call and can be accessed via a link at www.SeacoastBanking.com under the heading "Corporate Information." The recording will be available for one year.

**About Seacoast Banking Corporation of Florida (NASDAQ: SBCF)**

Seacoast Banking Corporation of Florida (NASDAQ: SBCF) is one of the largest community banks headquartered in Florida with approximately $15.9 billion in assets and $12.5 billion in deposits as of June 30, 2025. Seacoast provides integrated financial services including commercial and consumer banking, wealth management, and mortgage services to customers at 84 full-service branches across Florida, and through advanced mobile and online banking solutions. Seacoast National Bank is the wholly-owned subsidiary bank of Seacoast Banking Corporation of Florida. For more information about Seacoast, visit www.SeacoastBanking.com.

**Additional Information**

Seacoast has filed a registration statement on Form S-4 with the United States Securities and Exchange Commission (the "SEC") in connection with the proposed merger of Villages Bancorporation, Inc. and Citizens First Bank with and into Seacoast and Seacoast National Bank, respectively. The registration statement in connection with the merger includes a proxy statement of Villages Bancorporation, Inc. and a prospectus of Seacoast. This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. WE URGE INVESTORS TO READ THE PROXY STATEMENT/PROSPECTUS AND ANY OTHER DOCUMENTS TO BE FILED WITH THE SEC IN CONNECTION WITH THE MERGERS OR INCORPORATED BY REFERENCE IN THE PROXY STATEMENT/PROSPECTUS BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.

Investors may obtain these documents free of charge at the SEC's website (www.sec.gov). In addition, documents filed with the SEC by Seacoast will be available free of charge by contacting Investor Relations at (772) 288-6085.

Villages Bancorporation, Inc. and Citizens First Bank, their directors, executive officers, other members of management, and employees may be considered participants in the solicitation of proxies in connection with the proposed mergers with and into Seacoast and Seacoast National Bank. Information regarding the participants in the proxy solicitation of Villages Bancorporation, Inc. and a description of its direct and indirect interests, by security holdings or otherwise, is contained in the proxy statement/prospectus and other relevant materials to be filed with the SEC.

***Cautionary Notice Regarding Forward-Looking Statements***

*This press release contains "forward-looking statements" within the meaning, and protections, of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, without limitation, statements about future financial and operating results, cost savings, enhanced revenues, economic and seasonal conditions in the Company's markets, and improvements to reported earnings that may be realized from cost controls, tax law changes, new initiatives and for integration of banks that the Company has acquired, or expects to acquire, as well as statements with respect to Seacoast's objectives, strategic plans, expectations and intentions and other statements that are not historical facts. Actual results may differ from those set forth in the forward-looking statements.*

*&nbsp;&nbsp;&nbsp;&nbsp;*

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*Forward-looking statements include statements with respect to the Company's beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates and intentions about future performance and involve known and unknown risks, uncertainties and other factors, which may be beyond the Company's control, and which may cause the actual results, performance or achievements of Seacoast Banking Corporation of Florida ("Seacoast" or the "Company") or its wholly-owned banking subsidiary, Seacoast National Bank ("Seacoast Bank"), to be materially different from results, performance or achievements expressed or implied by such forward-looking statements. You should not expect the Company to update any forward-looking statements.*

*All statements other than statements of historical fact could be forward-looking statements. You can identify these forward-looking statements through the use of words such as "may", "will", "anticipate", "assume", "should", "support", "indicate", "would", "believe", "contemplate", "expect", "estimate", "continue", "further", "plan", "point to", "project", "could", "intend", "target" or other similar words and expressions of the future. These forward-looking statements may not be realized due to a variety of factors, including, without limitation: the impact of current and future economic and market conditions generally (including seasonality) and in the financial services industry, nationally and within Seacoast's primary market areas, including the effects of inflationary pressures, changes in interest rates, tariffs or trade wars (including reduced consumer spending), slowdowns in economic growth, and the potential for high unemployment rates, as well as the financial stress on borrowers and changes to customer and client behavior and credit risk as a result of the foregoing; potential impacts of adverse developments in the banking industry, including those highlighted by high-profile bank failures, and including impacts on customer confidence, deposit outflows, liquidity and the regulatory response thereto (including increases in the cost of our deposit insurance assessments), the Company's ability to effectively manage its liquidity risk and any growth plans, and the availability of capital and funding; governmental monetary and fiscal policies, including interest rate policies of the Board of Governors of the Federal Reserve, as well as legislative, tax and regulatory changes including overdraft and late fee caps (if implemented), including those that impact the money supply and inflation; the risks of changes in interest rates on the level and composition of deposits (as well as the cost of, and competition for, deposits), loan demand, liquidity and the values of loan collateral, securities, and interest rate sensitive assets and liabilities; interest rate risks (including the impacts of interest rates on macroeconomic conditions, customer and client behavior, and on our net interest income), sensitivities and the shape of the yield curve; changes in accounting policies, rules and practices; changes in retail distribution strategies, customer preferences and behavior generally and as a result of economic factors, including heightened or persistent inflation; changes in the availability and cost of credit and capital in the financial markets; changes in the prices, values and sales volumes of residential and commercial real estate, especially as they relate to the value of collateral supporting the Company's loans; the Company's concentration in commercial real estate loans and in real estate collateral in Florida; Seacoast's ability to comply with any regulatory requirements and the risk that the regulatory environment may not be conducive to or may prohibit or delay the consummation of future mergers and/or business combinations, may increase the length of time and amount of resources required to consummate such transactions, and may reduce the anticipated benefit; inaccuracies or other failures from the use of models, including the failure of assumptions and estimates, as well as differences in, and changes to, economic, market and credit conditions; the impact on the valuation of Seacoast's investments due to market volatility or counterparty payment risk, as well as the effect of a decline in stock market prices on our fee income from our wealth management business; statutory and regulatory dividend restrictions; increases in regulatory capital requirements for banking organizations generally; the risks of mergers, acquisitions and divestitures, including Seacoast's ability to continue to identify acquisition targets, successfully acquire and integrate desirable financial institutions and realize expected revenues and revenue synergies; changes in technology or products that may be more difficult, costly, or less effective than anticipated; the Company's ability to identify and address increased cybersecurity risks, including those impacting vendors and other third parties which may be exacerbated by developments in generative artificial intelligence; fraud or misconduct by internal or external parties, which Seacoast may not be able to prevent, detect or mitigate; inability of Seacoast's risk management framework to manage risks associated with the Company's business; dependence on key suppliers or vendors to obtain equipment or services for the business on acceptable terms; reduction in or the termination of Seacoast's ability to use the online- or mobile-based platform that is critical to the Company's business growth strategy; the effects of war or other conflicts, acts of terrorism, natural disasters, including hurricanes in the Company's footprint, health emergencies, epidemics or pandemics, or other catastrophic events that may affect general economic conditions and/or increase costs, including, but not limited to, property and* 

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*casualty and other insurance costs; Seacoast's ability to maintain adequate internal controls over financial reporting; potential claims, damages, penalties, fines, costs and reputational damage resulting from pending or future litigation, regulatory proceedings and enforcement actions; the risks that deferred tax assets could be reduced if estimates of future taxable income from the Company's operations and tax planning strategies are less than currently estimated, the results of tax audit findings, challenges to our tax positions, or adverse changes or interpretations of tax laws; the effects of competition from other commercial banks, thrifts, mortgage banking firms, consumer finance companies, credit unions, non-bank financial technology providers, securities brokerage firms, insurance companies, money market and other mutual funds and other financial institutions; the failure of assumptions underlying the establishment of reserves for expected credit losses; risks related to, and the costs associated with, environmental, social and governance matters, including the scope and pace of related rulemaking activity and disclosure requirements; a deterioration of the credit rating for U.S. long-term sovereign debt, actions that the U.S. government may take to avoid exceeding the debt ceiling, and uncertainties surrounding the federal budget and economic policy, including the impact of tariffs and trade policies; the risk that balance sheet, revenue growth, and loan growth expectations may differ from actual results; and other factors and risks described herein and under "Risk Factors" in any of the Company's subsequent reports filed with the SEC and available on its website at www.sec.gov.*

*All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties described in the Company's annual report on Form 10-K for the year ended December 31, 2024 and in other periodic reports that the Company files with the SEC. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC's Internet website at www.sec.gov.*

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **FINANCIAL HIGHLIGHTS** | **FINANCIAL HIGHLIGHTS** | **FINANCIAL HIGHLIGHTS** | **FINANCIAL HIGHLIGHTS** | (Unaudited) |  |  |  |
| *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* |  |  |
|  | Quarterly Trends | Quarterly Trends | Quarterly Trends | Quarterly Trends | Quarterly Trends | Six months ended | Six months ended |
| *(Amounts in thousands, except ratios and per share data)* | **2Q'25** | 1Q'25 | 4Q'24 | 3Q'24 | 2Q'24 | **2Q'25** | 2Q'24 |
| **Summary of Earnings** |  |  |  |  |  |  |  |
| Net income | $**42687** | $31464 | $34085 | $30651 | $30244 | $**74151** | $56250 |
| Adjusted net income<sup>1</sup> | **44466** | 32102 | 40556 | 30511 | 30277 | **76568** | 61408 |
| Net interest income<sup>2</sup> | **127295** | 118857 | 116115 | 106975 | 104657 | **246153** | 209954 |
| Net interest margin<sup>2,3</sup> | **3.58%** | 3.48% | 3.39% | 3.17% | 3.18% | **3.53%** | 3.21% |
| Pre-tax pre-provision earnings<sup>1</sup> | **60236** | 50590 | 47858 | 46086 | 44555 | **110827** | 80228 |
| Adjusted pre-tax pre-provision earnings<sup>1</sup> | **62627** | 51686 | 56610 | 46390 | 44490 | **114314** | 87002 |
| **Performance Ratios** |  |  |  |  |  |  |  |
| Return on average assets-GAAP basis<sup>3</sup> | **1.08%** | 0.83% | 0.89% | 0.81% | 0.82% | **0.96%** | 0.77% |
| Adjusted return on average assets<sup>1,3</sup> | **1.13** | 0.85 | 1.06 | 0.81 | 0.82 | **0.99** | 0.84 |
| Return on average tangible assets-GAAP basis<sup>3,4</sup> | **1.24** | 0.98 | 1.06 | 0.99 | 1.00 | **1.12** | 0.94 |
| Adjusted return on average tangible assets<sup>1,3,4</sup> | **1.29** | 1.00 | 1.24 | 0.98 | 1.00 | **1.15** | 1.02 |
| Net adjusted noninterest expense to average tangible assets<sup>1,3,4</sup> | **2.25** | 2.33 | 2.19 | 2.19 | 2.19 | **2.29** | 2.21 |
| Return on average shareholders' equity-GAAP basis<sup>3</sup> | **7.60** | 5.76 | 6.16 | 5.62 | 5.74 | **6.69** | 5.34 |
| Return on average tangible common equity-GAAP basis<sup>3,4</sup> | **12.82** | 10.17 | 10.90 | 10.31 | 10.75 | **11.52** | 10.15 |
| Adjusted return on average tangible common equity<sup>1,3,4</sup> | **13.31** | 10.35 | 12.74 | 10.27 | 10.76 | **11.86** | 10.95 |
| Efficiency ratio<sup>5</sup> | **56.95** | 60.28 | 56.26 | 59.84 | 60.21 | **58.55** | 63.48 |
| Adjusted efficiency ratio<sup>1</sup> | **55.36** | 59.53 | 56.07 | 59.84 | 60.21 | **57.37** | 60.67 |
| Noninterest income to total revenue (excluding securities gains/losses) | **16.18** | 15.65 | 18.02 | 18.05 | 17.55 | **15.92** | 16.86 |
| Tangible common equity to tangible assets<sup>4</sup> | **9.75** | 9.58 | 9.60 | 9.64 | 9.30 | **9.75** | 9.30 |
| Average loan-to-deposit ratio | **85.21** | 84.23 | 83.14 | 83.79 | 83.11 | **84.72** | 83.80 |
| End of period loan-to-deposit ratio | **84.96** | 83.17 | 84.27 | 83.44 | 82.90 | **84.96** | 82.90 |
| **Per Share Data** |  |  |  |  |  |  |  |
| Net income diluted-GAAP basis | $**0.50** | $0.37 | $0.40 | $0.36 | $0.36 | $**0.87** | $0.66 |
| Net income basic-GAAP basis | **0.50** | 0.37 | 0.40 | 0.36 | 0.36 | **0.87** | 0.67 |
| Adjusted earnings<sup>1</sup> | **0.52** | 0.38 | 0.48 | 0.36 | 0.36 | **0.90** | 0.72 |
| Book value per share common | **26.43** | 26.04 | 25.51 | 25.68 | 24.98 | **26.43** | 24.98 |
| Tangible book value per share | **17.19** | 16.71 | 16.12 | 16.20 | 15.41 | **17.19** | 15.41 |
| Cash dividends declared | **0.18** | 0.18 | 0.18 | 0.18 | 0.18 | **0.36** | 0.36 |
| <sup>1</sup>*Non-GAAP measure - see "Explanation of Certain Unaudited Non-GAAP Financial Measures" for more information and a reconciliation to GAAP.* | <sup>1</sup>*Non-GAAP measure - see "Explanation of Certain Unaudited Non-GAAP Financial Measures" for more information and a reconciliation to GAAP.* | <sup>1</sup>*Non-GAAP measure - see "Explanation of Certain Unaudited Non-GAAP Financial Measures" for more information and a reconciliation to GAAP.* | <sup>1</sup>*Non-GAAP measure - see "Explanation of Certain Unaudited Non-GAAP Financial Measures" for more information and a reconciliation to GAAP.* | <sup>1</sup>*Non-GAAP measure - see "Explanation of Certain Unaudited Non-GAAP Financial Measures" for more information and a reconciliation to GAAP.* | <sup>1</sup>*Non-GAAP measure - see "Explanation of Certain Unaudited Non-GAAP Financial Measures" for more information and a reconciliation to GAAP.* | <sup>1</sup>*Non-GAAP measure - see "Explanation of Certain Unaudited Non-GAAP Financial Measures" for more information and a reconciliation to GAAP.* |  |
| <sup>2</sup>*Calculated on a fully taxable equivalent basis using amortized cost.* | <sup>2</sup>*Calculated on a fully taxable equivalent basis using amortized cost.* | <sup>2</sup>*Calculated on a fully taxable equivalent basis using amortized cost.* | <sup>2</sup>*Calculated on a fully taxable equivalent basis using amortized cost.* | <sup>2</sup>*Calculated on a fully taxable equivalent basis using amortized cost.* | <sup>2</sup>*Calculated on a fully taxable equivalent basis using amortized cost.* | <sup>2</sup>*Calculated on a fully taxable equivalent basis using amortized cost.* |  |
| <sup>3</sup>*These ratios are stated on an annualized basis and are not necessarily indicative of future periods.* | <sup>3</sup>*These ratios are stated on an annualized basis and are not necessarily indicative of future periods.* | <sup>3</sup>*These ratios are stated on an annualized basis and are not necessarily indicative of future periods.* | <sup>3</sup>*These ratios are stated on an annualized basis and are not necessarily indicative of future periods.* | <sup>3</sup>*These ratios are stated on an annualized basis and are not necessarily indicative of future periods.* | <sup>3</sup>*These ratios are stated on an annualized basis and are not necessarily indicative of future periods.* | <sup>3</sup>*These ratios are stated on an annualized basis and are not necessarily indicative of future periods.* |  |
| <sup>4</sup>*The Company defines tangible assets as total assets less intangible assets, and tangible common equity as total shareholders' equity less intangible assets.* | <sup>4</sup>*The Company defines tangible assets as total assets less intangible assets, and tangible common equity as total shareholders' equity less intangible assets.* | <sup>4</sup>*The Company defines tangible assets as total assets less intangible assets, and tangible common equity as total shareholders' equity less intangible assets.* | <sup>4</sup>*The Company defines tangible assets as total assets less intangible assets, and tangible common equity as total shareholders' equity less intangible assets.* | <sup>4</sup>*The Company defines tangible assets as total assets less intangible assets, and tangible common equity as total shareholders' equity less intangible assets.* | <sup>4</sup>*The Company defines tangible assets as total assets less intangible assets, and tangible common equity as total shareholders' equity less intangible assets.* | <sup>4</sup>*The Company defines tangible assets as total assets less intangible assets, and tangible common equity as total shareholders' equity less intangible assets.* |  |
| <sup>5</sup>*Defined as noninterest expense less amortization of intangibles and gains, losses, and expenses on foreclosed properties divided by net operating revenue (net interest income on a fully taxable equivalent basis plus noninterest income excluding securities gains and losses).* | <sup>5</sup>*Defined as noninterest expense less amortization of intangibles and gains, losses, and expenses on foreclosed properties divided by net operating revenue (net interest income on a fully taxable equivalent basis plus noninterest income excluding securities gains and losses).* | <sup>5</sup>*Defined as noninterest expense less amortization of intangibles and gains, losses, and expenses on foreclosed properties divided by net operating revenue (net interest income on a fully taxable equivalent basis plus noninterest income excluding securities gains and losses).* | <sup>5</sup>*Defined as noninterest expense less amortization of intangibles and gains, losses, and expenses on foreclosed properties divided by net operating revenue (net interest income on a fully taxable equivalent basis plus noninterest income excluding securities gains and losses).* | <sup>5</sup>*Defined as noninterest expense less amortization of intangibles and gains, losses, and expenses on foreclosed properties divided by net operating revenue (net interest income on a fully taxable equivalent basis plus noninterest income excluding securities gains and losses).* | <sup>5</sup>*Defined as noninterest expense less amortization of intangibles and gains, losses, and expenses on foreclosed properties divided by net operating revenue (net interest income on a fully taxable equivalent basis plus noninterest income excluding securities gains and losses).* | <sup>5</sup>*Defined as noninterest expense less amortization of intangibles and gains, losses, and expenses on foreclosed properties divided by net operating revenue (net interest income on a fully taxable equivalent basis plus noninterest income excluding securities gains and losses).* | <sup>5</sup>*Defined as noninterest expense less amortization of intangibles and gains, losses, and expenses on foreclosed properties divided by net operating revenue (net interest income on a fully taxable equivalent basis plus noninterest income excluding securities gains and losses).* |

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **CONSOLIDATED STATEMENTS OF INCOME** | **CONSOLIDATED STATEMENTS OF INCOME** | **CONSOLIDATED STATEMENTS OF INCOME** | (Unaudited) |  |  |  |  |
| *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* |  |  |
|  | Quarterly Trends | Quarterly Trends | Quarterly Trends | Quarterly Trends | Quarterly Trends | Six months ended | Six months ended |
| *(Amounts in thousands, except per share data)* | **2Q'25** | 1Q'25 | 4Q'24 | 3Q'24 | 2Q'24 | **2Q'25** | 2Q'24 |
| Interest and dividends on securities: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Taxable | $**32479** | $29381 | $26945 | $25963 | $24155 | $**61860** | $46548 |
| &nbsp;&nbsp;&nbsp;Nontaxable | **33** | 34 | 34 | 34 | 33 | **67** | 67 |
| Interest and fees on loans | **157075** | 150640 | 151999 | 150980 | 147292 | **307715** | 294387 |
| Interest on interest-bearing deposits and other investments | **3760** | 4200 | 6952 | 7138 | 8328 | **7960** | 14512 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Interest Income** | **193347** | 184255 | 185930 | 184115 | 179808 | **377602** | 355514 |
| Interest on deposits | **40633** | 43626 | 47394 | 51963 | 51319 | **84259** | 98853 |
| Interest on time certificates | **15120** | 14973 | 16726 | 19002 | 17928 | **30093** | 35049 |
| Interest on borrowed money | **10730** | 7139 | 6006 | 6485 | 6137 | **17869** | 12110 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Interest Expense** | **66483** | 65738 | 70126 | 77450 | 75384 | **132221** | 146012 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Net Interest Income** | **126864** | 118517 | 115804 | 106665 | 104424 | **245381** | 209502 |
| Provision for credit losses | **4379** | 9250 | 3699 | 6273 | 4918 | **13629** | 6286 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Net Interest Income After Provision for Credit Losses** | **122485** | 109267 | 112105 | 100392 | 99506 | **231752** | 203216 |
| Noninterest income: |  |  |  |  |  |  |  |
| Service charges on deposit accounts | **5540** | 5180 | 5138 | 5412 | 5342 | **10720** | 10302 |
| Wealth management income | **4196** | 4248 | 4019 | 3843 | 3766 | **8444** | 7306 |
| Interchange income | **1895** | 1807 | 1860 | 1911 | 1940 | **3702** | 3828 |
| Mortgage banking fees | **685** | 404 | 326 | 485 | 582 | **1089** | 963 |
| Insurance agency income | **1289** | 1620 | 1151 | 1399 | 1355 | **2909** | 2646 |
| BOLI income | **3380** | 2468 | 2627 | 2578 | 2596 | **5848** | 4860 |
| Other | **7497** | 6257 | 10335 | 7864 | 6647 | **13754** | 12591 |
|  | **24482** | 21984 | 25456 | 23492 | 22228 | **46466** | 42496 |
| Securities gains (losses), net | **39** | 196 | (8388) | 187 | (44) | **235** | 185 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Noninterest Income** | **24521** | 22180 | 17068 | 23679 | 22184 | **46701** | 42681 |
| Noninterest expense: |  |  |  |  |  |  |  |
| Salaries and wages | **44438** | 42248 | 42378 | 40697 | 38937 | **86686** | 79241 |
| Employee benefits | **8106** | 8861 | 6548 | 6955 | 6861 | **16967** | 14750 |
| Outsourced data processing costs | **8525** | 8504 | 8307 | 8003 | 8210 | **17029** | 20328 |
| Occupancy | **7483** | 7350 | 7234 | 7096 | 7180 | **14833** | 15217 |
| Furniture and equipment | **2125** | 2128 | 2004 | 2060 | 1956 | **4253** | 3967 |
| Marketing | **2958** | 2748 | 2126 | 2729 | 3266 | **5706** | 5921 |
| Legal and professional fees | **2071** | 2740 | 2807 | 2708 | 1982 | **4811** | 4133 |
| FDIC assessments | **2108** | 2194 | 2274 | 1882 | 2131 | **4302** | 4289 |
| Amortization of intangibles | **5131** | 5309 | 5587 | 6002 | 6003 | **10440** | 12295 |
| Other real estate owned expense and net loss (gain) on sale | **8** | 241 | 84 | 491 | (109) | **249** | (135) |
| Provision for credit losses on unfunded commitments | **150** | 150 | 250 | 250 | 251 | **300** | 501 |
| Merger-related charges | **2422** | 1051 |  |  |  | **3473** |  |
| Other | **6205** | 7073 | 5976 | 5945 | 5869 | **13278** | 12401 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Noninterest Expense** | **91730** | 90597 | 85575 | 84818 | 82537 | **182327** | 172908 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Income Before Income Taxes** | **55276** | 40850 | 43598 | 39253 | 39153 | **96126** | 72989 |
| Provision for income taxes | **12589** | 9386 | 9513 | 8602 | 8909 | **21975** | 16739 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Net Income** | $**42687** | $31464 | $34085 | $30651 | $30244 | $**74151** | $56250 |
| Share Data |  |  |  |  |  |  |  |
| Net income per share of common stock |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Diluted | $**0.50** | $0.37 | $0.40 | $0.36 | $0.36 | $**0.87** | $0.66 |
| &nbsp;&nbsp;&nbsp;Basic | **0.50** | 0.37 | 0.40 | 0.36 | 0.36 | **0.87** | 0.67 |
| Cash dividends declared | **0.18** | 0.18 | 0.18 | 0.18 | 0.18 | **0.36** | 0.36 |
| Average common shares outstanding |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Diluted | **85479** | 85388 | 85302 | 85069 | 84816 | **85454** | 84799 |
| &nbsp;&nbsp;&nbsp;Basic | **84903** | 84648 | 84510 | 84434 | 84341 | **84776** | 84260 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **CONSOLIDATED BALANCE SHEETS** | **CONSOLIDATED BALANCE SHEETS** | **CONSOLIDATED BALANCE SHEETS** | (Unaudited) |  |  |
| *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* |
|  | **June 30,** | March 31, | December 31, | September 30, | June 30, |
| *(Amounts in thousands)* | **2025** | 2025 | 2024 | 2024 | 2024 |
| **Assets** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash and due from banks | $**181565** | $191467 | $171615 | $182743 | $168738 |
| &nbsp;&nbsp;&nbsp;Interest-bearing deposits with other banks | **150863** | 309105 | 304992 | 454315 | 580787 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total cash and cash equivalents** | **332428** | 500572 | 476607 | 637058 | 749525 |
| &nbsp;&nbsp;&nbsp;Time deposits with other banks | **1494** | 1494 | 3215 | 5207 | 7856 |
| &nbsp;&nbsp;&nbsp;Debt Securities: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Securities available-for-sale (at fair value) | **2866185** | 2627959 | 2226543 | 2160055 | 1967204 |
| &nbsp;&nbsp;&nbsp;&nbsp;Securities held-to-maturity (at amortized cost) | **613312** | 624650 | 635186 | 646050 | 658055 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total debt securities** | **3479497** | 3252609 | 2861729 | 2806105 | 2625259 |
| &nbsp;&nbsp;&nbsp;Loans held for sale | **8610** | 16016 | 17277 | 11039 | 5975 |
| &nbsp;&nbsp;&nbsp;Loans | **10608824** | 10443021 | 10299950 | 10205281 | 10038508 |
| &nbsp;&nbsp;&nbsp;Less: Allowance for credit losses | **(142184)** | (140267) | (138055) | (140469) | (141641) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Loans, net of allowance for credit losses** | **10466640** | 10302754 | 10161895 | 10064812 | 9896867 |
| &nbsp;&nbsp;&nbsp;Bank premises and equipment, net | **107256** | 108478 | 107555 | 108776 | 109945 |
| &nbsp;&nbsp;&nbsp;Other real estate owned | **5335** | 7176 | 6421 | 6421 | 6877 |
| &nbsp;&nbsp;&nbsp;Goodwill | **732417** | 732417 | 732417 | 732417 | 732417 |
| &nbsp;&nbsp;&nbsp;Other intangible assets, net | **61328** | 66372 | 71723 | 77431 | 83445 |
| &nbsp;&nbsp;&nbsp;Bank owned life insurance | **312860** | 311453 | 308995 | 306379 | 303816 |
| &nbsp;&nbsp;&nbsp;Net deferred tax assets | **87328** | 93595 | 102989 | 94820 | 108852 |
| &nbsp;&nbsp;&nbsp;Other assets | **349762** | 339549 | 325485 | 317906 | 321779 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Assets** | $**15944955** | $15732485 | $15176308 | $15168371 | $14952613 |
| **Liabilities** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Noninterest demand | $**3376941** | $3492491 | $3352372 | $3443455 | $3397918 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing demand | **2518857** | 2734260 | 2667843 | 2487448 | 2821092 |
| &nbsp;&nbsp;&nbsp;&nbsp;Savings | **557472** | 534991 | 519977 | 524474 | 566052 |
| &nbsp;&nbsp;&nbsp;&nbsp;Money market | **4111789** | 4154682 | 4086362 | 4034371 | 3707761 |
| &nbsp;&nbsp;&nbsp;&nbsp;Time deposits | **1932539** | 1658372 | 1615873 | 1753837 | 1623295 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Deposits** | **12497598** | 12574796 | 12242427 | 12243585 | 12116118 |
| &nbsp;&nbsp;&nbsp;Securities sold under agreements to repurchase | **186090** | 201128 | 232071 | 210176 | 262103 |
| &nbsp;&nbsp;&nbsp;Federal Home Loan Bank borrowings | **715000** | 465000 | 245000 | 245000 | 180000 |
| &nbsp;&nbsp;&nbsp;Long-term debt, net | **107298** | 107132 | 106966 | 106800 | 106634 |
| &nbsp;&nbsp;&nbsp;Other liabilities | **167404** | 154689 | 166601 | 168960 | 157377 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Liabilities** | **13673390** | 13502745 | 12993065 | 12974521 | 12822232 |
| **Shareholders' Equity** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common stock | **8673** | 8633 | 8628 | 8614 | 8530 |
| &nbsp;&nbsp;&nbsp;Additional paid in capital | **1832158** | 1828234 | 1824935 | 1821050 | 1815800 |
| &nbsp;&nbsp;&nbsp;Retained earnings | **569833** | 542665 | 526642 | 508036 | 492805 |
| &nbsp;&nbsp;&nbsp;Less: Treasury stock | **(20792)** | (19072) | (19095) | (18680) | (18744) |
|  | **2389872** | 2360460 | 2341110 | 2319020 | 2298391 |
| &nbsp;&nbsp;&nbsp;Accumulated other comprehensive loss, net | **(118307)** | (130720) | (157867) | (125170) | (168010) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Shareholders' Equity** | **2271565** | 2229740 | 2183243 | 2193850 | 2130381 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Liabilities & Shareholders' Equity** | $**15944955** | $15732485 | $15176308 | $15168371 | $14952613 |
| Common shares outstanding | **85948** | 85618 | 85568 | 85441 | 85299 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **CONSOLIDATED QUARTERLY FINANCIAL DATA** | **CONSOLIDATED QUARTERLY FINANCIAL DATA** | **CONSOLIDATED QUARTERLY FINANCIAL DATA** | (Unaudited) |  |  |
| *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* |
| *(Amounts in thousands)* | **2Q'25** | 1Q'25 | 4Q'24 | 3Q'24 | 2Q'24 |
| **Credit Analysis** |  |  |  |  |  |
| Net charge-offs | $**2462** | $7038 | $6113 | $7445 | $9946 |
| Net charge-offs to average loans | **0.09%** | 0.27% | 0.24% | 0.29% | 0.40% |
| Allowance for credit losses | $**142184** | $140267 | $138055 | $140469 | $141641 |
| Non-acquired loans at end of period | $**8071619** | $7752532 | $7452175 | $7178186 | $6834059 |
| Acquired loans at end of period | **2537205** | 2690489 | 2847775 | 3027095 | 3204449 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Loans** | $**10608824** | $10443021 | $10299950 | $10205281 | $10038508 |
| Total allowance for credit losses to total loans at end of period | **1.34%** | 1.34% | 1.34% | 1.38% | 1.41% |
| Purchase discount on acquired loans at end of period | **4.10** | 4.25 | 4.30 | 4.48 | 4.51 |
| **End of Period** |  |  |  |  |  |
| Nonperforming loans | $**64198** | $71018 | $92446 | $80857 | $59927 |
| Other real estate owned | **351** | 1820 | 933 | 933 | 1173 |
| Properties previously used in bank operations included in other real estate owned | **4984** | 5356 | 5488 | 5488 | 5704 |
| &nbsp;&nbsp;**Total Nonperforming Assets** | $**69533** | $78194 | $98867 | $87278 | $66804 |
| Nonperforming Loans to Loans at End of Period | **0.61%** | 0.68% | 0.90% | 0.79% | 0.60% |
| Nonperforming Assets to Total Assets at End of Period | **0.44** | 0.50 | 0.65 | 0.58 | 0.45 |
| **Loans** | **June 30, 2025** | March 31, 2025 | December 31, 2024 | September 30, 2024 | June 30, 2024 |
| Construction and land development | $**603079** | $618493 | $648054 | $595753 | $593534 |
| Commercial real estate - owner occupied | **1778930** | 1713579 | 1686629 | 1676814 | 1656391 |
| Commercial real estate - non-owner occupied | **3624528** | 3513400 | 3503807 | 3573076 | 3423266 |
| Residential real estate | **2678042** | 2653012 | 2616784 | 2564903 | 2555320 |
| Commercial and financial | **1741158** | 1753090 | 1651355 | 1575228 | 1582290 |
| Consumer | **183087** | 191447 | 193321 | 219507 | 227707 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Loans** | $**10608824** | $10443021 | $10299950 | $10205281 | $10038508 |

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **AVERAGE BALANCES, INTEREST INCOME AND EXPENSES, YIELDS AND RATES** <sup>1</sup> | **AVERAGE BALANCES, INTEREST INCOME AND EXPENSES, YIELDS AND RATES** <sup>1</sup> | **AVERAGE BALANCES, INTEREST INCOME AND EXPENSES, YIELDS AND RATES** <sup>1</sup> | **AVERAGE BALANCES, INTEREST INCOME AND EXPENSES, YIELDS AND RATES** <sup>1</sup> | **AVERAGE BALANCES, INTEREST INCOME AND EXPENSES, YIELDS AND RATES** <sup>1</sup> |  | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) |
| *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* |
|  | **2Q'25** | **2Q'25** | **2Q'25** | 1Q'25 | 1Q'25 | 1Q'25 | 2Q'24 | 2Q'24 | 2Q'24 |
|  | **Average** |  | **Yield/** | Average |  | Yield/ | Average |  | Yield/ |
| *(Amounts in thousands)* | **Balance** | **Interest** | **Rate** | Balance | Interest | Rate | Balance | Interest | Rate |
| **Assets** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Earning assets: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Securities: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Taxable | $**3364825** | $**32479** | **3.87%** | $3073108 | $29381 | 3.88% | $2629716 | $24155 | 3.69% |
| &nbsp;&nbsp;&nbsp;&nbsp;Nontaxable | **5321** | **40** | **3.02** | 5436 | 41 | 3.06 | 5423 | 40 | 2.97 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Securities** | **3370146** | **32519** | **3.87** | 3078544 | 29422 | 3.88 | 2635139 | 24195 | 3.69 |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal funds sold | **183268** | **2041** | **4.47** | 265503 | 2945 | 4.50 | 510401 | 6967 | 5.49 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing deposits with other banks and other investments | **137726** | **1720** | **5.01** | 105195 | 1254 | 4.83 | 98942 | 1361 | 5.53 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Loans, net**<sup>2</sup> | **10558997** | **157499** | **5.98** | 10383497 | 150973 | 5.90 | 10005122 | 147518 | 5.93 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Earning Assets** | **14250137** | **193779** | **5.45** | 13832739 | 184594 | 5.41 | 13249604 | 180041 | 5.47 |
| &nbsp;&nbsp;&nbsp;Allowance for credit losses | **(141442)** |  |  | (138300) |  |  | (146380) |  |  |
| &nbsp;&nbsp;&nbsp;Cash and due from banks | **152562** |  |  | 158750 |  |  | 168439 |  |  |
| &nbsp;&nbsp;&nbsp;Bank premises and equipment, net | **108206** |  |  | 108651 |  |  | 110709 |  |  |
| &nbsp;&nbsp;&nbsp;Intangible assets | **796431** |  |  | 801687 |  |  | 818914 |  |  |
| &nbsp;&nbsp;&nbsp;Bank owned life insurance | **312384** |  |  | 309831 |  |  | 302165 |  |  |
| &nbsp;&nbsp;&nbsp;Other assets including deferred tax assets | **322916** |  |  | 322284 |  |  | 336256 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Assets** | $**15801194** |  |  | $15395642 |  |  | $14839707 |  |  |
| **Liabilities and Shareholders' Equity** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest-bearing liabilities: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing demand | $**2622944** | $**10249** | **1.57%** | $2706065 | $11069 | 1.66% | $2670569 | $14946 | 2.25% |
| &nbsp;&nbsp;&nbsp;&nbsp;Savings | **545718** | **881** | **0.65** | 529711 | 698 | 0.53 | 584490 | 560 | 0.39 |
| &nbsp;&nbsp;&nbsp;&nbsp;Money market | **4122147** | **29505** | **2.87** | 4149460 | 31859 | 3.11 | 3665858 | 35813 | 3.93 |
| &nbsp;&nbsp;&nbsp;&nbsp;Time deposits | **1700128** | **15120** | **3.57** | 1647938 | 14973 | 3.68 | 1631290 | 17928 | 4.42 |
| &nbsp;&nbsp;&nbsp;&nbsp;Securities sold under agreements to repurchase | **185977** | **1214** | **2.62** | 201271 | 1357 | 2.73 | 293603 | 2683 | 3.68 |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal Home Loan Bank borrowings | **724231** | **7805** | **4.32** | 382836 | 4081 | 4.32 | 149234 | 1592 | 4.29 |
| &nbsp;&nbsp;&nbsp;&nbsp;Long-term debt, net | **107208** | **1712** | **6.41** | 107038 | 1700 | 6.44 | 106532 | 1862 | 7.03 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Interest-Bearing Liabilities** | **10008353** | **66486** | **2.66** | 9724319 | 65737 | 2.74 | 9101576 | 75384 | 3.33 |
| &nbsp;&nbsp;&nbsp;Noninterest demand | **3401138** |  |  | 3294149 |  |  | 3485603 |  |  |
| &nbsp;&nbsp;&nbsp;Other liabilities | **139495** |  |  | 162179 |  |  | 134900 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Liabilities** | **13548986** |  |  | 13180647 |  |  | 12722079 |  |  |
| &nbsp;&nbsp;&nbsp;Shareholders' equity | **2252208** |  |  | 2214995 |  |  | 2117628 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Liabilities & Equity** | $**15801194** |  |  | $15395642 |  |  | $14839707 |  |  |
| Cost of deposits |  |  | **1.80%** |  |  | 1.93% |  |  | 2.31% |
| Interest expense as a % of earning assets |  |  | **1.87%** |  |  | 1.93% |  |  | 2.29% |
| Net interest income as a % of earning assets |  | $**127293** | **3.58%** |  | $118857 | 3.48% |  | $104657 | 3.18% |
| <sup>1</sup>*On a fully taxable equivalent basis. All yields and rates have been computed using amortized cost.* | <sup>1</sup>*On a fully taxable equivalent basis. All yields and rates have been computed using amortized cost.* | <sup>1</sup>*On a fully taxable equivalent basis. All yields and rates have been computed using amortized cost.* | <sup>1</sup>*On a fully taxable equivalent basis. All yields and rates have been computed using amortized cost.* | <sup>1</sup>*On a fully taxable equivalent basis. All yields and rates have been computed using amortized cost.* | <sup>1</sup>*On a fully taxable equivalent basis. All yields and rates have been computed using amortized cost.* | <sup>1</sup>*On a fully taxable equivalent basis. All yields and rates have been computed using amortized cost.* | <sup>1</sup>*On a fully taxable equivalent basis. All yields and rates have been computed using amortized cost.* |  |  |
| <sup>2</sup>*Fees on loans have been included in interest on loans. Nonaccrual loans are included in loan balances.* | <sup>2</sup>*Fees on loans have been included in interest on loans. Nonaccrual loans are included in loan balances.* | <sup>2</sup>*Fees on loans have been included in interest on loans. Nonaccrual loans are included in loan balances.* | <sup>2</sup>*Fees on loans have been included in interest on loans. Nonaccrual loans are included in loan balances.* | <sup>2</sup>*Fees on loans have been included in interest on loans. Nonaccrual loans are included in loan balances.* | <sup>2</sup>*Fees on loans have been included in interest on loans. Nonaccrual loans are included in loan balances.* | <sup>2</sup>*Fees on loans have been included in interest on loans. Nonaccrual loans are included in loan balances.* | <sup>2</sup>*Fees on loans have been included in interest on loans. Nonaccrual loans are included in loan balances.* |  |  |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **AVERAGE BALANCES, INTEREST INCOME AND EXPENSES, YIELDS AND RATES** <sup>1</sup> | **AVERAGE BALANCES, INTEREST INCOME AND EXPENSES, YIELDS AND RATES** <sup>1</sup> | **AVERAGE BALANCES, INTEREST INCOME AND EXPENSES, YIELDS AND RATES** <sup>1</sup> | **AVERAGE BALANCES, INTEREST INCOME AND EXPENSES, YIELDS AND RATES** <sup>1</sup> | (Unaudited) | (Unaudited) | (Unaudited) |
| *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* |  |  |  |  |
|  | **Six Months Ended June 30, 2025** | **Six Months Ended June 30, 2025** | **Six Months Ended June 30, 2025** | Six Months Ended June 30, 2024 | Six Months Ended June 30, 2024 | Six Months Ended June 30, 2024 |
|  | **Average** |  | **Yield/** | Average |  | Yield/ |
| *(Amounts in thousands, except ratios)* | **Balance** | **Interest** | **Rate** | Balance | Interest | Rate |
| **Assets** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Earning assets: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Securities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taxable | $**3219772** | $**61860** | **3.87%** | $2604327 | $46548 | 3.59% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nontaxable | **5378** | **82** | **3.07** | 5665 | 81 | 2.88 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Securities** | **3225150** | **61942** | **3.87** | 2609992 | 46629 | 3.59 |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal funds sold | **224159** | **4986** | **4.49** | 440448 | 12023 | 5.49 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing deposits with other banks and other investments | **121550** | **2974** | **4.93** | 97281 | 2489 | 5.15 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Loans, net**<sup>2</sup> | **10471732** | **308472** | **5.94** | 10019890 | 294825 | 5.92 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Earning Assets** | **14042591** | **378374** | **5.43** | 13167611 | 355966 | 5.44 |
| &nbsp;&nbsp;&nbsp;Allowance for credit losses | **(139879)** |  |  | (147401) |  |  |
| &nbsp;&nbsp;&nbsp;Cash and due from banks | **155639** |  |  | 167586 |  |  |
| &nbsp;&nbsp;&nbsp;Bank premises and equipment, net | **108427** |  |  | 111550 |  |  |
| &nbsp;&nbsp;&nbsp;Intangible assets | **799045** |  |  | 822222 |  |  |
| &nbsp;&nbsp;&nbsp;Bank owned life insurance | **311114** |  |  | 300965 |  |  |
| &nbsp;&nbsp;&nbsp;Other assets including deferred tax assets | **322603** |  |  | 342708 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Assets** | $**15599540** |  |  | $14765241 |  |  |
| **Liabilities and Shareholders' Equity** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest-bearing liabilities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing demand | $**2664275** | $**21318** | **1.61%** | $2694952 | $30212 | 2.25% |
| &nbsp;&nbsp;&nbsp;&nbsp;Savings | **537759** | **1579** | **0.59** | 606410 | 1100 | 0.36 |
| &nbsp;&nbsp;&nbsp;&nbsp;Money market | **4135730** | **61362** | **2.99** | 3537584 | 67541 | 3.84 |
| &nbsp;&nbsp;&nbsp;&nbsp;Time deposits | **1674177** | **30093** | **3.62** | 1610680 | 35049 | 4.38 |
| &nbsp;&nbsp;&nbsp;&nbsp;Securities sold under agreements to repurchase | **193581** | **2571** | **2.68** | 313494 | 5762 | 3.70 |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal Home Loan Bank borrowings | **554477** | **11886** | **4.32** | 125826 | 2552 | 4.08 |
| &nbsp;&nbsp;&nbsp;&nbsp;Long-term debt, net | **107123** | **3412** | **6.42** | 106453 | 3796 | 7.17 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Interest-Bearing Liabilities** | **9867122** | **132221** | **2.70** | 8995399 | 146012 | 3.26 |
| &nbsp;&nbsp;&nbsp;Noninterest demand | **3347939** |  |  | 3507046 |  |  |
| &nbsp;&nbsp;&nbsp;Other liabilities | **150775** |  |  | 144791 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Liabilities** | **13365836** |  |  | 12647236 |  |  |
| &nbsp;&nbsp;&nbsp;Shareholders' equity | **2233704** |  |  | 2118005 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Liabilities & Equity** | $**15599540** |  |  | $14765241 |  |  |
| Cost of deposits |  |  | **1.87%** |  |  | 2.25% |
| Interest expense as a % of earning assets |  |  | **1.90%** |  |  | 2.23% |
| Net interest income as a % of earning assets |  | $**246153** | **3.53%** |  | $209954 | 3.21% |
| <sup>1</sup>On a fully taxable equivalent basis. All yields and rates have been computed using amortized cost. | <sup>1</sup>On a fully taxable equivalent basis. All yields and rates have been computed using amortized cost. | <sup>1</sup>On a fully taxable equivalent basis. All yields and rates have been computed using amortized cost. | <sup>1</sup>On a fully taxable equivalent basis. All yields and rates have been computed using amortized cost. | <sup>1</sup>On a fully taxable equivalent basis. All yields and rates have been computed using amortized cost. | <sup>1</sup>On a fully taxable equivalent basis. All yields and rates have been computed using amortized cost. | <sup>1</sup>On a fully taxable equivalent basis. All yields and rates have been computed using amortized cost. |
| <sup>2</sup>Fees on loans have been included in interest on loans. Nonaccrual loans are included in loan balances. | <sup>2</sup>Fees on loans have been included in interest on loans. Nonaccrual loans are included in loan balances. | <sup>2</sup>Fees on loans have been included in interest on loans. Nonaccrual loans are included in loan balances. | <sup>2</sup>Fees on loans have been included in interest on loans. Nonaccrual loans are included in loan balances. | <sup>2</sup>Fees on loans have been included in interest on loans. Nonaccrual loans are included in loan balances. | <sup>2</sup>Fees on loans have been included in interest on loans. Nonaccrual loans are included in loan balances. | <sup>2</sup>Fees on loans have been included in interest on loans. Nonaccrual loans are included in loan balances. |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **CONSOLIDATED QUARTERLY FINANCIAL DATA** | **CONSOLIDATED QUARTERLY FINANCIAL DATA** | **CONSOLIDATED QUARTERLY FINANCIAL DATA** | (Unaudited) |  |  |
| *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* |
|  | **June 30,** | March 31, | December 31, | September 30, | June 30, |
| *(Amounts in thousands)* | **2025** | 2025 | 2024 | 2024 | 2024 |
| Customer Relationship Funding |  |  |  |  |  |
| Noninterest demand |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial | $**2717688** | $2830497 | $2621469 | $2731564 | $2664353 |
| &nbsp;&nbsp;&nbsp;&nbsp;Retail | **509539** | 536661 | 502967 | 509527 | 532623 |
| &nbsp;&nbsp;&nbsp;&nbsp;Public funds | **81448** | 64184 | 177742 | 139072 | 142846 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | **68266** | 61149 | 50194 | 63292 | 58096 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Noninterest Demand** | **3376941** | 3492491 | 3352372 | 3443455 | 3397918 |
| &nbsp;&nbsp;&nbsp;Interest-bearing demand |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial | **1466184** | 1520186 | 1467508 | 1426920 | 1533725 |
| &nbsp;&nbsp;&nbsp;&nbsp;Retail | **838340** | 881282 | 881236 | 874043 | 892032 |
| &nbsp;&nbsp;&nbsp;&nbsp;Brokered | **—** |  | 49287 |  | 198337 |
| &nbsp;&nbsp;&nbsp;&nbsp;Public funds | **214333** | 332792 | 269812 | 186485 | 196998 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Interest-Bearing Demand** | **2518857** | 2734260 | 2667843 | 2487448 | 2821092 |
| &nbsp;&nbsp;&nbsp;Total transaction accounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial | **4183872** | 4350683 | 4088977 | 4158484 | 4198078 |
| &nbsp;&nbsp;&nbsp;&nbsp;Retail | **1347879** | 1417943 | 1384203 | 1383570 | 1424655 |
| &nbsp;&nbsp;&nbsp;&nbsp;Brokered | **—** |  | 49287 |  | 198337 |
| &nbsp;&nbsp;&nbsp;&nbsp;Public funds | **295781** | 396976 | 447554 | 325557 | 339844 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | **68266** | 61149 | 50194 | 63292 | 58096 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Transaction Accounts** | **5895798** | 6226751 | 6020215 | 5930903 | 6219010 |
| &nbsp;&nbsp;&nbsp;Savings |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial | **45531** | 42879 | 40303 | 44151 | 53523 |
| &nbsp;&nbsp;&nbsp;&nbsp;Retail | **511941** | 492112 | 479674 | 480323 | 512529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Savings** | **557472** | 534991 | 519977 | 524474 | 566052 |
| &nbsp;&nbsp;&nbsp;Money market |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial | **2073098** | 1999540 | 1947250 | 1953851 | 1771927 |
| &nbsp;&nbsp;&nbsp;&nbsp;Retail | **1853398** | 1967239 | 1925330 | 1887975 | 1733505 |
| &nbsp;&nbsp;&nbsp;&nbsp;Public funds | **185293** | 187903 | 213782 | 192545 | 202329 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Money Market** | **4111789** | 4154682 | 4086362 | 4034371 | 3707761 |
| &nbsp;&nbsp;&nbsp;Brokered time certificates | **512330** | 262461 | 244351 | 256536 | 126668 |
| &nbsp;&nbsp;&nbsp;Time deposits | **1420209** | 1395911 | 1371522 | 1497301 | 1496627 |
|  | **1932539** | 1658372 | 1615873 | 1753837 | 1623295 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Deposits** | $**12497598** | $12574796 | $12242427 | $12243585 | $12116118 |
| Securities sold under agreements to repurchase | $**186090** | $201128 | $232071 | $210176 | $262103 |
| Total customer funding<sup>1</sup> | $**12171358** | $12513463 | $12180860 | $12197225 | $12053216 |
| <sup>1</sup>*Total deposits and securities sold under agreements to repurchase, excluding brokered deposits. Securities sold under agreements to repurchase consists of customer sweep accounts.* | <sup>1</sup>*Total deposits and securities sold under agreements to repurchase, excluding brokered deposits. Securities sold under agreements to repurchase consists of customer sweep accounts.* | <sup>1</sup>*Total deposits and securities sold under agreements to repurchase, excluding brokered deposits. Securities sold under agreements to repurchase consists of customer sweep accounts.* | <sup>1</sup>*Total deposits and securities sold under agreements to repurchase, excluding brokered deposits. Securities sold under agreements to repurchase consists of customer sweep accounts.* | <sup>1</sup>*Total deposits and securities sold under agreements to repurchase, excluding brokered deposits. Securities sold under agreements to repurchase consists of customer sweep accounts.* | <sup>1</sup>*Total deposits and securities sold under agreements to repurchase, excluding brokered deposits. Securities sold under agreements to repurchase consists of customer sweep accounts.* |

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**Explanation of Certain Unaudited Non-GAAP Financial Measures**

This presentation contains financial information determined by methods other than Generally Accepted Accounting Principles ("GAAP"). Management uses these non-GAAP financial measures in its analysis of the Company's performance and believes these presentations provide useful supplemental information, and a clearer understanding of the Company's performance. The Company believes the non-GAAP measures enhance investors' understanding of the Company's business and performance and if not provided would be requested by the investor community. These measures are also useful in understanding performance trends and facilitate comparisons with the performance of other financial institutions. The limitations associated with operating measures are the risk that persons might disagree as to the appropriateness of items comprising these measures and that different companies might define or calculate these measures differently. The Company provides reconciliations between GAAP and these non-GAAP measures. These disclosures should not be considered an alternative to GAAP.

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|:---|:---|:---|:---|:---|:---|:---|:---|
| **GAAP TO NON-GAAP RECONCILIATION** | **GAAP TO NON-GAAP RECONCILIATION** | **GAAP TO NON-GAAP RECONCILIATION** | **(Unaudited)** | | | | |
| *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* |
|  | Quarterly Trends | Quarterly Trends | Quarterly Trends | Quarterly Trends | Quarterly Trends | Six Months Ended | Six Months Ended |
| *(Amounts in thousands, except per share data)* | **2Q'25** | 1Q'25 | 4Q'24 | 3Q'24 | 2Q'24 | **2Q'25** | 2Q'24 |
| **Net Income** | $**42687** | $31464 | $34085 | $30651 | $30244 | $**74151** | $56250 |
| Total noninterest income | **24521** | 22180 | 17068 | 23679 | 22184 | **46701** | 42681 |
| Securities losses (gains), net | **(39)** | (196) | 8388 | (187) | 44 | **(235)** | (185) |
| &nbsp;&nbsp;&nbsp;Total Adjustments to Noninterest Income | **(39)** | (196) | 8388 | (187) | 44 | **(235)** | (185) |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Adjusted Noninterest Income** | **24482** | 21984 | 25456 | 23492 | 22228 | **46466** | 42496 |
| Total noninterest expense | **91730** | 90597 | 85575 | 84818 | 82537 | **182327** | 172908 |
| Merger-related charges | **(2422)** | (1051) |  |  |  | **(3473)** |  |
| Business continuity expenses - hurricane events | **—** |  | (280) |  |  | **—** |  |
| Branch reductions and other expense initiatives | **—** |  |  |  |  | **—** | (7094) |
| &nbsp;&nbsp;&nbsp;Total Adjustments to Noninterest Expense | **(2422)** | (1051) | (280) |  |  | **(3473)** | (7094) |
| &nbsp;&nbsp;&nbsp;&nbsp;**Adjusted Noninterest Expense** | **89308** | 89546 | 85295 | 84818 | 82537 | **178854** | 165814 |
| Income Taxes | **12589** | 9386 | 9513 | 8602 | 8909 | **21975** | 16739 |
| Tax effect of adjustments | **604** | 217 | 2197 | (47) | 11 | **821** | 1751 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Adjusted Income Taxes** | **13193** | 9603 | 11710 | 8555 | 8920 | **22796** | 18490 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Adjusted Net Income** | $**44466** | $32102 | $40556 | $30511 | $30277 | $**76568** | $61408 |
| Earnings per diluted share, as reported | **0.50** | 0.37 | 0.40 | 0.36 | 0.36 | **0.87** | 0.66 |
| **Adjusted Earnings per Diluted Share** | $**0.52** | $0.38 | $0.48 | $0.36 | $0.36 | $**0.90** | $0.72 |
| Average diluted shares outstanding | **85479** | 85388 | 85302 | 85069 | 84816 | **85454** | 84799 |
| Adjusted Noninterest Expense | $**89308** | $89546 | $85295 | $84818 | $82537 | $**178854** | $165814 |
| Provision for credit losses on unfunded commitments | **(150)** | (150) | (250) | (250) | (251) | **(300)** | (501) |
| Other real estate owned expense and net (loss) gain on sale | **(8)** | (241) | (84) | (491) | 109 | **(249)** | 135 |
| Amortization of intangibles | **(5131)** | (5309) | (5587) | (6002) | (6003) | **(10440)** | (12295) |
| &nbsp;&nbsp;&nbsp;**Net Adjusted Noninterest Expense** | **84019** | 83846 | 79374 | 78075 | 76392 | **167865** | 153153 |
| Average tangible assets | $**15004763** | $14593955 | $14397331 | $14184085 | $14020793 | $**14800495** | $13943019 |
| &nbsp;&nbsp;&nbsp;**Net Adjusted Noninterest Expense to Average Tangible Assets** | **2.25%** | 2.33% | 2.19% | 2.19% | 2.19% | **2.29%** | 2.21% |
| Net Revenue | $**151385** | $140697 | $132872 | $130344 | $126608 | $**292082** | $252183 |
| Total Adjustments to Net Revenue | **(39)** | (196) | 8388 | (187) | 44 | **(235)** | (185) |
| Impact of FTE adjustment | **431** | 340 | 311 | 310 | 233 | **772** | 452 |
| &nbsp;&nbsp;&nbsp;**Adjusted Net Revenue on a fully taxable equivalent basis** | $**151777** | $140841 | $141571 | $130467 | $126885 | $**292619** | $252450 |
| Adjusted Efficiency Ratio | **55.36%** | 59.53% | 56.07% | 59.84% | 60.21% | **57.37%** | 60.67% |
| Net Interest Income | $**126864** | $118517 | $115804 | $106665 | $104424 | $**245381** | $209502 |
| Impact of FTE adjustment | **431** | 340 | 311 | 310 | 233 | **772** | 452 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Net Interest Income including FTE adjustment** | **127295** | 118857 | 116115 | 106975 | 104657 | **246153** | 209954 |
| Total noninterest income | **24521** | 22180 | 17068 | 23679 | 22184 | **46701** | 42681 |
| Total noninterest expense less provision for credit losses on unfunded commitments | **91580** | 90447 | 85325 | 84568 | 82286 | **182027** | 172407 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Pre-Tax Pre-Provision Earnings** | **60236** | 50590 | 47858 | 46086 | 44555 | **110827** | 80228 |
| Total Adjustments to Noninterest Income | **(39)** | (196) | 8388 | (187) | 44 | **(235)** | (185) |
| Total Adjustments to Noninterest Expense including other real estate owned expense and net loss (gain) on sale | **2430** | 1292 | 364 | 491 | (109) | **3722** | 6959 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Adjusted Pre-Tax Pre-Provision Earnings** | **62627** | 51686 | 56610 | 46390 | 44490 | **114314** | 87002 |
| Average Assets | **15801194** | 15395642 | 15204041 | 14996846 | 14839707 | **15599540** | 14765241 |
| Less average goodwill and intangible assets | **(796431)** | (801687) | (806710) | (812761) | (818914) | **(799045)** | (822222) |
| &nbsp;&nbsp;&nbsp;**Average Tangible Assets** | $**15004763** | $14593955 | $14397331 | $14184085 | $14020793 | $**14800495** | $13943019 |
| Return on Average Assets (ROA) | **1.08%** | 0.83% | 0.89% | 0.81% | 0.82% | 0.96% | 0.77% |
| Impact of other adjustments for Adjusted Net Income | **0.05** | 0.02 | 0.17 |  |  | 0.03 | 0.07 |

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **GAAP TO NON-GAAP RECONCILIATION** | **GAAP TO NON-GAAP RECONCILIATION** | **GAAP TO NON-GAAP RECONCILIATION** | **(Unaudited)** | | | | |
| *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* | *SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES* |
|  | Quarterly Trends | Quarterly Trends | Quarterly Trends | Quarterly Trends | Quarterly Trends | Six Months Ended | Six Months Ended |
| *(Amounts in thousands, except per share data)* | **2Q'25** | 1Q'25 | 4Q'24 | 3Q'24 | 2Q'24 | **2Q'25** | 2Q'24 |
| &nbsp;&nbsp;&nbsp;**Adjusted ROA** | **1.13** | 0.85 | 1.06 | 0.81 | 0.82 | **0.99** | 0.84 |
| ROA | **1.08** | 0.83 | 0.89 | 0.81 | 0.82 | **0.96** | 0.77 |
| Impact of removing average intangible assets and related amortization | **0.16** | 0.15 | 0.17 | 0.18 | 0.18 | **0.16** | 0.17 |
| &nbsp;&nbsp;&nbsp;**Return on Average Tangible Assets (ROTA)** | **1.24** | 0.98 | 1.06 | 0.99 | 1.00 | **1.12** | 0.94 |
| Impact of other adjustments for Adjusted Net Income | **0.05** | 0.02 | 0.18 | (0.01) |  | **0.03** | 0.08 |
| &nbsp;&nbsp;&nbsp;**Adjusted ROTA** | **1.29%** | 1.00% | 1.24% | 0.98% | 1.00% | **1.15%** | 1.02% |
| Average Shareholders' Equity | $**2252208** | $2214995 | $2203052 | $2168444 | $2117628 | $**2233704** | $2118005 |
| Less average goodwill and intangible assets | **(796431)** | (801687) | (806710) | (812761) | (818914) | **(799045)** | (822222) |
| &nbsp;&nbsp;&nbsp;**Average Tangible Equity** | $**1455777** | $1413308 | $1396342 | $1355683 | $1298714 | $**1434659** | $1295783 |
| Return on Average Shareholders' Equity | **7.60%** | 5.76% | 6.16% | 5.62% | 5.74% | **6.69%** | 5.34% |
| Impact of removing average intangible assets and related amortization | **5.22** | 4.41 | 4.74 | 4.69 | 5.01 | **4.83** | 4.81 |
| &nbsp;&nbsp;&nbsp;**Return on Average Tangible Common Equity (ROTCE)** | **12.82** | 10.17 | 10.90 | 10.31 | 10.75 | **11.52** | 10.15 |
| Impact of other adjustments for Adjusted Net Income | **0.49** | 0.18 | 1.84 | (0.04) | 0.01 | **0.34** | 0.80 |
| &nbsp;&nbsp;&nbsp;**Adjusted ROTCE** | **13.31%** | 10.35% | 12.74% | 10.27% | 10.76% | **11.86%** | 10.95% |
| Loan interest income<sup>1</sup> | $**157499** | $150973 | $152303 | $151282 | $147518 | $**308472** | $294826 |
| Accretion on acquired loans | **(10583)** | (8221) | (11717) | (9182) | (10178) | **(18804)** | (20773) |
| &nbsp;&nbsp;**Loan interest income excluding accretion on acquired loans**<sup>1</sup> | $**146916** | $142752 | $140586 | $142100 | $137340 | $**289668** | $274053 |
| Yield on loans<sup>1</sup> | **5.98%** | 5.90% | 5.93% | 5.94% | 5.93% | **5.94%** | 5.92% |
| Impact of accretion on acquired loans | **(0.40)** | (0.32) | (0.45) | (0.36) | (0.41) | **(0.36)** | (0.42) |
| &nbsp;&nbsp;**Yield on loans excluding accretion on acquired loans**<sup>1</sup> | **5.58%** | 5.58% | 5.48% | 5.58% | 5.52% | **5.58%** | 5.50% |
| Net Interest Income<sup>1</sup> | $**127295** | $118857 | $116115 | $106975 | $104657 | $**246153** | $209954 |
| Accretion on acquired loans | **(10583)** | (8221) | (11717) | (9182) | (10178) | **(18804)** | (20773) |
| &nbsp;&nbsp;**Net interest income excluding accretion on acquired loans**<sup>1</sup> | $**116712** | $110636 | $104398 | $97793 | $94479 | $**227349** | $189181 |
| Net Interest Margin<sup>1</sup> | **3.58%** | 3.48% | 3.39% | 3.17% | 3.18% | **3.53%** | 3.21% |
| Impact of accretion on acquired loans | **(0.29)** | (0.24) | (0.34) | (0.27) | (0.31) | **(0.27)** | (0.31) |
| &nbsp;&nbsp;**Net interest margin excluding accretion on acquired loans**<sup>1</sup> | **3.29%** | 3.24% | 3.05% | 2.90% | 2.87% | **3.26%** | 2.89% |
| Securities interest income<sup>1</sup> | $**32519** | $29422 | $26986 | $26005 | $24195 | $**61942** | $46629 |
| Tax equivalent adjustment on securities | **(7)** | (7) | (7) | (8) | (7) | **(15)** | (14) |
| &nbsp;&nbsp;**Securities interest income excluding tax equivalent adjustment**<sup>1</sup> | **32512** | 29415 | 26979 | 25997 | 24188 | **61927** | 46615 |
| Loan interest income<sup>1</sup> | **157499** | 150973 | 152303 | 151282 | 147518 | **308472** | 294825 |
| Tax equivalent adjustment on loans | **(424)** | (333) | (304) | (302) | (226) | **(757)** | (438) |
| &nbsp;&nbsp;&nbsp;**Loan interest income excluding tax equivalent adjustment** | **157075** | 150640 | 151999 | 150980 | 147292 | **307715** | 294387 |
| Net Interest Income<sup>1</sup> | **127293** | 118857 | 116115 | 106975 | 104657 | **246153** | 209954 |
| Tax equivalent adjustment on securities | **(7)** | (7) | (7) | (8) | (7) | **(15)** | (14) |
| Tax equivalent adjustment on loans | **(424)** | (333) | (304) | (302) | (226) | **(757)** | (438) |
| &nbsp;&nbsp;&nbsp;**Net interest income excluding tax equivalent adjustment** | $**126862** | $118517 | $115804 | $106665 | $104424 | $**245381** | $209502 |
| <sup>1</sup>*On a fully taxable equivalent basis. All yields and rates have been computed using amortized cost.* | <sup>1</sup>*On a fully taxable equivalent basis. All yields and rates have been computed using amortized cost.* | <sup>1</sup>*On a fully taxable equivalent basis. All yields and rates have been computed using amortized cost.* | <sup>1</sup>*On a fully taxable equivalent basis. All yields and rates have been computed using amortized cost.* | <sup>1</sup>*On a fully taxable equivalent basis. All yields and rates have been computed using amortized cost.* | <sup>1</sup>*On a fully taxable equivalent basis. All yields and rates have been computed using amortized cost.* | <sup>1</sup>*On a fully taxable equivalent basis. All yields and rates have been computed using amortized cost.* | <sup>1</sup>*On a fully taxable equivalent basis. All yields and rates have been computed using amortized cost.* |

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## Exhibit 99.2

![](sbcf2q2025earningspresen001.jpg)

EARNINGS PRESENTATION SECOND QUARTER 2025 2025

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2SECOND QUARTER 2025 EARNINGS PRESENTATION Cautionary Notice Regarding Forward-Looking Statements This presentation contains "forward-looking statements" within the meaning, and protections, of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, without limitation, statements about future financial and operating results, cost savings, enhanced revenues, economic and seasonal conditions in the Company's markets, and improvements to reported earnings that may be realized from cost controls, tax law changes, new initiatives and for integration of banks that the Company has acquired, or expects to acquire, as well as statements with respect to Seacoast's objectives, strategic plans, expectations and intentions and other statements that are not historical facts. Actual results may differ from those set forth in the forward-looking statements. Forward-looking statements include statements with respect to the Company's beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates and intentions about future performance and involve known and unknown risks, uncertainties and other factors, which may be beyond the Company's control, and which may cause the actual results, performance or achievements of Seacoast Banking Corporation of Florida ("Seacoast" or the "Company") or its wholly-owned banking subsidiary, Seacoast National Bank ("Seacoast Bank"), to be materially different from results, performance or achievements expressed or implied by such forward-looking statements. You should not expect the Company to update any forward-looking statements. All statements other than statements of historical fact could be forward-looking statements. You can identify these forward- looking statements through the use of words such as "may", "will", "anticipate", "assume", "should", "support", "indicate", "would", "believe", "contemplate", "expect", "estimate", "continue", "further", "plan", "point to", "project", "could", "intend", "target" or other similar words and expressions of the future. These forward-looking statements may not be realized due to a variety of factors, including, without limitation: the impact of current and future economic and market conditions generally (including seasonality) and in the financial services industry, nationally and within Seacoast's primary market areas, including the effects of inflationary pressures, changes in interest rates, tariffs or trade wars (including reduced consumer spending), slowdowns in economic growth, and the potential for high unemployment rates, as well as the financial stress on borrowers and changes to customer and client behavior and credit risk as a result of the foregoing; potential impacts of adverse developments in the banking industry, including those highlighted by high-profile bank failures, and including impacts on customer confidence, deposit outflows, liquidity and the regulatory response thereto (including increases in the cost of our deposit insurance assessments), the Company's ability to effectively manage its liquidity risk and any growth plans, and the availability of capital and funding; governmental monetary and fiscal policies, including interest rate policies of the Board of Governors of the Federal Reserve, as well as legislative, tax and regulatory changes including overdraft and late fee caps (if implemented), including those that impact the money supply and inflation; the risks of changes in interest rates on the level and composition of deposits (as well as the cost of, and competition for, deposits), loan demand, liquidity and the values of loan collateral, securities, and interest rate sensitive assets and liabilities; interest rate risks (including the impacts of interest rates on macroeconomic conditions, customer and client behavior, and on our net interest income), sensitivities and the shape of the yield curve; changes in accounting policies, rules and practices; changes in retail distribution strategies, customer preferences and behavior generally and as a result of economic factors, including heightened or persistent inflation; changes in the availability and cost of credit and capital in the financial markets; changes in the prices, values and sales volumes of residential and commercial real estate, especially as they relate to the value of collateral supporting the Company's loans; the Company's concentration in commercial real estate loans and in real estate collateral in Florida; Seacoast's ability to comply with any regulatory requirements; and the risk that the regulatory environment may not be conducive to or may prohibit or delay the consummation of future mergers and/or business combinations, may increase the length of time and amount of resources required to consummate such transactions, and may reduce the anticipated benefit; inaccuracies or other failures from the use of models, including the failure of assumptions and estimates, as well as differences in, and changes to, economic, market and credit conditions; the impact on the valuation of Seacoast's investments due to market volatility or counterparty payment risk, as well as the effect of a decline in stock market prices on our fee income from our wealth management business; statutory and regulatory dividend restrictions; increases in regulatory capital requirements for banking organizations generally; the risks of mergers, acquisitions and divestitures, including Seacoast's ability to continue to identify acquisition targets, successfully acquire and integrate desirable financial institutions and realize expected revenues and revenue synergies; changes in technology or products that may be more difficult, costly, or less effective than anticipated; the Company's ability to identify and address increased cybersecurity risks, including those impacting vendors and other third parties which may be exacerbated by developments in generative artificial intelligence; fraud or misconduct by internal or external parties, which Seacoast may not be able to prevent, detect or mitigate; inability of Seacoast's risk management framework to manage risks associated with the Company's business; dependence on key suppliers or vendors to obtain equipment or services for the business on acceptable terms; reduction in or the termination of Seacoast's ability to use the online- or mobile-based platform that is critical to the Company's business growth strategy; the effects of war or other conflicts, acts of terrorism, natural disasters, including hurricanes in the Company's footprint, health emergencies, epidemics or pandemics, or other catastrophic events that may affect general economic conditions and/or increase costs, including, but not limited to, property and casualty and other insurance costs; Seacoast's ability to maintain adequate internal controls over financial reporting; potential claims, damages, penalties, fines, costs and reputational damage resulting from pending or future litigation, regulatory proceedings and enforcement actions; the risks that deferred tax assets could be reduced if estimates of future taxable income from the Company's operations and tax planning strategies are less than currently estimated, the results of tax audit findings, challenges to our tax positions, or adverse changes or interpretations of tax laws; the effects of competition from other commercial banks, thrifts, mortgage banking firms, consumer finance companies, credit unions, non-bank financial technology providers, securities brokerage firms, insurance companies, money market and other mutual funds and other financial institutions; the failure of assumptions underlying the establishment of reserves for expected credit losses; risks related to, and the costs associated with, environmental, social and governance matters, including the scope and pace of related rulemaking activity and disclosure requirements; a deterioration of the credit rating for U.S. long-term sovereign debt, actions that the U.S. government may take to avoid exceeding the debt ceiling, and uncertainties surrounding the federal budget and economic policy, including the impact of tariffs and trade policies; the risk that balance sheet, revenue growth, and loan growth expectations may differ from actual results; and other factors and risks described herein and under "Risk Factors" in any of the Company's subsequent reports filed with the SEC and available on its website at www.sec.gov. All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties described in the Company's annual report on Form 10-K for the year ended December 31, 2024 and in other periodic reports that the Company files with the SEC. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC's Internet website at www.sec.gov.

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3SECOND QUARTER 2025 EARNINGS PRESENTATION • Sustained, strong presence in Florida's most attractive markets • #15 Florida market share ▪ #1 Florida-based bank in Orlando MSA ▪ #1 Florida-based bank in Palm Beach county ▪ #1 overall market share in Port St. Lucie MSA • Strong capital and liquidity supporting further organic growth and opportunistic acquisitions ▪ 14.6%1 Tier 1 capital ratio ▪ 85% loan-to-deposit ratio Valuable Florida Franchise with Strong Capital and Liquidity 1Estimated

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4SECOND QUARTER 2025 EARNINGS PRESENTATION • Net income increased 36% to $42.7 million, or $0.50 per diluted share, and adjusted net income1 increased 39% to $44.5 million, or $0.52 per diluted share. • Strong gains in return on average assets, return on tangible common equity and the efficiency ratio. • Loans grew 6.4% on an annualized basis. • Net interest income of $126.9 million, an increase of $8.3 million, or 7%. • Net interest margin expanded 10 basis points to 3.58% and, excluding accretion on acquired loans, net interest margin expanded five basis points to 3.29%. Second Quarter 2025 Highlights Comparisons are to the first quarter of 2025 unless otherwise stated • Cost of deposits declined 13 basis points to 1.80%. • Tangible book value per share of $17.19 increased 12% year over year. • Strong capital position, with a Tier 1 capital ratio of 14.6%2 and a tangible common equity to tangible assets ratio of 9.8%. • On July 11, 2025, completed the acquisition of Heartland Bancshares, Inc., adding four branches and approximately $777 million in assets. • The proposed acquisition of Villages Bancorporation, Inc., which will add 19 branches and approximately $4.1 billion in assets, is expected to close in the fourth quarter of 2025. 1Non-GAAP measure, see "Explanation of Certain Unaudited Non-GAAP Financial Measures" for more information and a reconciliation to GAAP. 2Estimated

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5SECOND QUARTER 2025 EARNINGS PRESENTATION Net Interest Income ($ in th ou sa nd s) $104,657 $106,975 $116,115 $118,857 $127,295 3.18% 3.17% 3.39% 3.48% 3.58% 2.87% 2.90% 3.05% 3.24% 3.29% Net Interest Income Net Interest Margin NIM, excluding accretion on acquired loans 2Q'24 3Q'24 4Q'24 1Q'25 2Q'25 • Net interest income1 totaled $127.3 million, an increase of $8.4 million, or 7%, from the prior quarter. • Net interest margin increased 10 basis points to 3.58% and, excluding the effect of accretion on acquired loans, net interest margin expanded five basis points to 3.29%. • Securities yields decreased one basis point to 3.87%. • Loan yields increased eight basis points from the prior quarter to 5.98%. Excluding the effect of accretion on acquired loans, yields were flat compared to the prior quarter at 5.58%. • The cost of deposits declined 13 basis points to 1.80%. 1Calculated on a fully taxable equivalent basis using amortized cost. 1

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6SECOND QUARTER 2025 EARNINGS PRESENTATION Noninterest income increased $2.3 million from the prior quarter to $24.5 million, and adjusted noninterest income1 increased $2.5 million to $24.5 million. Changes from the prior quarter include: Service charges on deposits totaled $5.5 million, an increase of $0.4 million, or 7% from the prior quarter and an increase of $0.2 million, or 4%, from the prior year quarter. Our investments in talent and significant market expansion across the state have resulted in continued growth in treasury management services to commercial customers. Wealth management income totaled $4.2 million, a decrease of $0.1 million, or 1%, from the prior quarter and an increase of $0.4 million, or 11%, from the prior year quarter. Assets under management have grown 16% year over year. Mortgage banking fees totaled $0.7 million, an increase of $0.3 million, or 70%, from the prior quarter and an increase of $0.1 million, or 18% from the prior year quarter, due to higher saleable production. Insurance agency income totaled $1.3 million, a decrease of $0.3 million, or 20%, from the prior quarter and a decrease of $0.1 million, or 5%, from the prior year quarter. BOLI income totaled $3.4 million, an increase of $0.9 million, or 37%, from the prior quarter and an increase of $0.8 million, or 30% from the prior year quarter. The second quarter of 2025 included a $0.9 million death benefit payout. Other income totaled $7.5 million, an increase of $1.2 million, or 20%, from the prior quarter and an increase of $0.9 million, or 13%, from the prior year quarter. The increase in the second quarter of 2025 included $3.0 million in tax refunds received related to a prior bank acquisition, which were partially offset by lower gains on SBA loan sales and lower gains on SBIC investments compared to the first quarter of 2025.1Non-GAAP measure, see "Explanation of Certain Unaudited Non-GAAP Financial Measures" for more information and a reconciliation to GAAP. Noninterest Income $22,228 $23,492 $25,456 $21,984 $24,482 Adjusted noninterest income Securities gains (losses) 2Q'24 3Q'24 4Q'24 1Q'25 2Q'25 ($ in thousands) $(44) $196 1 $187 $(8,388) $39

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![](sbcf2q2025earningspresen007.jpg)

7SECOND QUARTER 2025 EARNINGS PRESENTATION Assets Under Management End-of-Period ($ in millions) $1,239 $1,387 $1,711 $2,053 $2,214 2021 2022 2023 2024 2Q'25 Continued Focus on Building Wealth Management Assets under management totaled $2.2 billion at June 30, 2025, increasing 16% year over year. The wealth management team has continued its growth trajectory, adding $215 million in new assets under management year to date. Since 2021, assets under management have increased at a compound annual growth rate ("CAGR") of 23%. 23% CAG R

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![](sbcf2q2025earningspresen008.jpg)

8SECOND QUARTER 2025 EARNINGS PRESENTATION Noninterest Expense Salaries and wages totaled $44.4 million, an increase of $2.2 million, or 5%, from the prior quarter. The increase from the prior quarter represents higher performance driven incentive compensation. Employee benefits totaled $8.1 million, a decrease of $0.8 million, or 9%, compared to the seasonally higher prior quarter. Outsourced data processing costs totaled $8.5 million, flat compared to the prior quarter. Occupancy costs totaled $7.5 million, an increase of $0.1 million, or 2%, compared to the prior quarter. Marketing expenses totaled $3.0 million, reflecting an increase of $0.2 million, or 8%, compared to the prior quarter, primarily associated with the timing of various campaigns to support customer growth initiatives. Legal and professional fees totaled $2.1 million, a decrease of $0.7 million, or 24%, compared to the prior quarter. Merger-related charges totaled $2.4 million in the second quarter of 2025 and $1.1 million in the prior quarter. ($ in thousands) 60.2% 59.8% 56.3% 60.3% 60.2% 59.8% 56.1% 59.5% 55.4% Noninterest expense Efficiency Ratio Adjusted Efficiency Ratio 2Q'24 3Q'24 4Q'24 1Q'25 2Q'25 1 1Non-GAAP measure, see "Explanation of Certain Unaudited Non-GAAP Financial Measures" for more information and a reconciliation to GAAP. $91,730$90,597 $85,575$84,818 $82,537 57.0%

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![](sbcf2q2025earningspresen009.jpg)

9SECOND QUARTER 2025 EARNINGS PRESENTATION $834 $831 $693 $982 $921 $538 $658 $903 $555 $854 Pipeline Originations 2Q'24 3Q'24 4Q'24 1Q'25 2Q'25 Loan Pipeline End-of-Period vs Originations ($ in millions) $10,039 $10,205 $10,300 $10,443 $10,609 5.93% 5.94% 5.93% 5.90% 5.98% 5.52% 5.58% 5.48% 5.58% 5.58% Yield Excluding Accretion on Acquired Loans Reported Yield Total Loans 2Q'24 3Q'24 4Q'24 1Q'25 2Q'25 Total Loans End-of-Period ($ in millions) Disciplined Approach to Lending in a Strong Florida Economy Loans outstanding increased by $165.8 million, or 6.4% annualized, from the prior quarter. Loan originations grew 54% from the prior quarter to $853.6 million, and pipelines remain robust at $920.9 million. Loan yields expanded eight basis points from the prior quarter to 5.98%. Excluding the effect of accretion on acquired loans, yields remained flat at 5.58%.

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![](sbcf2q2025earningspresen010.jpg)

10SECOND QUARTER 2025 EARNINGS PRESENTATION At June 30, 2025 Loan Portfolio Mix Seacoast's lending strategy results in a diverse and granular loan portfolio. Seacoast's average loan size is $437 thousand and the average commercial loan size is $872 thousand. Portfolio diversification in terms of asset mix, industry, and loan type has been a critical element of the Company's lending strategy. Exposures across industries and collateral types are broadly distributed. Construction and land development and commercial real estate loans, as defined in regulatory guidance, represent 33% and 221%, respectively, of total consolidated risk-based capital1. CRE-Retail, 12% CRE-Office, 5% CRE-Multifamily 5+, 4% CRE-Hotel/Motel, 3% CRE-Industrial/Warehouse, 5% CRE-Other, 5% OOCRE, 17% Construction & Land Development, 6% Commercial & Financial, 16% Residential, 25% Consumer, 2% 1Estimated

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![](sbcf2q2025earningspresen011.jpg)

11SECOND QUARTER 2025 EARNINGS PRESENTATION Allowance for Credit Losses and Purchase Discount ($ in thousands) Loans Outstanding Allowance for Credit Losses % of Loans Outstanding Purchase Discount % of Loans Outstanding Construction and Land Development $603,079 $6,556 1.09 % $1,571 0.26 % Owner Occupied Commercial Real Estate 1,778,930 12,942 0.73 16,271 0.91 Commercial Real Estate 3,624,528 46,627 1.29 48,201 1.33 Residential Real Estate 2,678,042 41,687 1.56 31,125 1.16 Commercial & Financial 1,741,158 27,109 1.56 10,549 0.61 Consumer 183,087 7,263 3.97 737 0.40 Total $10,608,824 $142,184 1.34 % $108,454 1.02 % The total allowance for credit losses of $142.2 million as of June 30, 2025 represents management's estimate of lifetime expected credit losses. The $108.5 million remaining unrecognized discount on acquired loans represents 1.02% of total loans. Additionally, a reserve for potential credit losses on lending-related commitments of $6.0 million is reflected within Other Liabilities.

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![](sbcf2q2025earningspresen012.jpg)

12SECOND QUARTER 2025 EARNINGS PRESENTATION Net Charge-Offs $7,445 $6,113 $7,038 $2,462 0.40% 0.29% 0.24% 0.27% 0.09% NCO NCO/Average Loans 2Q'24 3Q'24 4Q'24 1Q'25 2Q'25 ($ in thousands) Allowance for Credit Losses $141,641 $140,469 $138,055 $140,267 $142,184 1.41% 1.38% 1.34% 1.34% 1.34% ACL ACL/Total Loans 2Q'24 3Q'24 4Q'24 1Q'25 2Q'25 Continued Strong Asset Quality Trends Nonperforming Loans $59,927 $80,857 $92,446 $71,018 $64,198 0.60% 0.79% 0.90% 0.68% 0.61% 0.39% 0.50% 0.15% 0.16% 0.13% NPL NPL/Total Loans Accruing Past Due / Total Loans 2Q'24 3Q'24 4Q'24 1Q'25 2Q'25 Criticized and Classified Loans $260,040 $264,140 $223,859 $251,428 $253,693 2.59% 2.59% 2.17% 2.41% 2.39% Criticized and Classified Loans Criticized and Classified Loans / Total Loans 2Q'24 3Q'24 4Q'24 1Q'25 2Q'25 $9,946

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![](sbcf2q2025earningspresen013.jpg)

13SECOND QUARTER 2025 EARNINGS PRESENTATION Investment Securities Performance and Composition High quality AFS portfolio consisting of 91% agency backed securities, with the remainder comprised primarily of highly-rated investment grade bonds. CLO portfolio is entirely AA/AAA rated. Net unrealized losses in the AFS portfolio decreased during the second quarter by $16.0 million, driven by lower long- term interest rates, which contributed $0.14 to the increase in tangible book value per share. Portfolio yield decreased one basis point to 3.87% from 3.88% in the prior quarter. Deploying liquidity in advance of the Heartland acquisition, purchases were made in the first half of the year of primarily agency mortgage-backed securities with an average book yield of 4.96%. Net Unrealized Loss in Securities ($ in thousands) 6/30/2025 3/31/2025 △ from 1Q'25 Total Available-for-Sale $(155,785) $(171,800) $16,015 Total Held-to-Maturity (110,125) (114,899) 4,774 Total Securities $(265,910) $(286,699) $20,789 ($ in m ill io ns) $2,625 $2,806 $2,862 $3,253 $3,479 $658 $646 $635 $625 $613 $1,967 $2,160 $2,227 $2,628 $2,866 3.69% 3.75% 3.77% 3.88% 3.87% HTM Securities AFS Securities Yield 2Q'24 3Q'24 4Q'24 1Q'25 2Q'25

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![](sbcf2q2025earningspresen014.jpg)

14SECOND QUARTER 2025 EARNINGS PRESENTATION Deposits End-of-Period ($ in millions) $12,116 $12,244 $12,242 $12,575 $12,498 5.50% 5.00% 4.50% 4.50% 4.50% 2.31% 2.34% 2.08% 1.93% 1.80% Total Deposits Fed Funds Upper Limit Cost of Deposits 2Q'24 3Q'24 4Q'24 1Q'25 2Q'25 Distinctive Deposit Franchise Supported by Attractive Markets Total deposits decreased $77.2 million, or 2.5% annualized during the second quarter. Year over year, deposits have increased by $381.5 million, or 3.1%. Continued focus on organic growth and relationship-based funding. The addition of commercial talent onboarding new relationships, in combination with our innovative analytics platform, supports a well-diversified, low-cost deposit portfolio. 12-Month Trend for Cost of Deposits 2.35% 2.39% 2.27% 2.16% 2.09% 1.98% 1.93% 1.93% 1.92% 1.85% 1.78% 1.78% Jul'24 Aug'24 Sep'24 Oct'24 Nov'24 Dec'24 Jan'25 Feb'25 Mar'25 Apr'25 May'25 Jun'25

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![](sbcf2q2025earningspresen015.jpg)

15SECOND QUARTER 2025 EARNINGS PRESENTATION Deposits End-of-Period ($ in millions) $12,116 $12,244 $12,242 $12,575 $12,498 Transaction Accounts Savings Money Market Brokered Time Deposits 2Q'24 3Q'24 4Q'24 1Q'25 2Q'25 Granular, Diverse and Relationship-Focused Customer Funding Base The Company benefits from a granular deposit franchise, with the top ten depositors representing approximately 3% of total deposits. Customer transaction account balances represent 47% of total deposits. Consumer deposits represent 40% of total deposits, with an average balance per account of $25 thousand. Business deposits represent 60% of total deposits, with an average balance per account of $113 thousand. The average tenure for a Seacoast customer is 10.5 years. 47%50%50%49%50% 4%4%4%4%5% 30% 33% 33% 33% 33% 3% 2% 2% 2% 4% 12% 12% 11% 11% 11%

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![](sbcf2q2025earningspresen016.jpg)

16SECOND QUARTER 2025 EARNINGS PRESENTATION $15.41 $16.20 $16.12 $16.71 2Q'24 3Q'24 4Q'24 1Q'25 2Q'25 9.3% 9.6% 9.6% 9.6% 9.8% 2Q'24 3Q'24 4Q'24 1Q'25 2Q'25 15.9% 16.1% 16.2% 16.1% 16.1% 14.5% 14.7% 14.8% 14.7% 14.6% Total Risk Based Capital Tier 1 Ratio 2Q'24 3Q'24 4Q'24 1Q'25 2Q'25 10.8% 10.3% 10.9% 10.2% 12.8% 10.8% 10.3% 12.7% 10.3% 13.3% GAAP - ROTCE Adjusted - ROTCE 2Q'24 3Q'24 4Q'24 1Q'25 2Q'25 1Non-GAAP measure, see "Explanation of Certain Unaudited Non-GAAP Financial Measures" for more information and a reconciliation to GAAP. 2FDICIA defines well capitalized as 10.0% for total risk-based capital and 8.0% for Tier 1 ratio at a total Bank level. 3 Current quarter ratios are estimated. Tangible Book Value Per Share Tangible Common Equity / Tangible Assets Total Risk-Based and Tier 1 Capital3Return on Tangible Common Equity 1 10.0%2 8.0%2 Robust Capital Position Supporting a Fortress Balance Sheet $17.19

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![](sbcf2q2025earningspresen017.jpg)

Tracey L. Dexter Chief Financial Officer Tracey.Dexter@SeacoastBank.com (772) 403-0461 Michael Young Treasurer & Director of Corporate Development & Investor Relations Michael.Young@SeacoastBank.com (772) 403-0451 INVESTOR RELATIONS NASDAQ: SBCF

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18SECOND QUARTER 2025 EARNINGS PRESENTATION Appendix

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19SECOND QUARTER 2025 EARNINGS PRESENTATION Quarterly Trend Six Months Ended ($ in thousands) 2Q'25 1Q'25 4Q'24 3Q'24 2Q'24 2Q'25 2Q'24 Commercial pipeline at period end $861,237 $904,111 $634,150 $773,492 $773,085 $861,237 $773,085 Commercial loan originations 715,271 422,837 748,342 518,041 414,183 1,138,108 693,159 Residential pipeline-saleable at period end 14,371 15,495 6,727 11,222 12,095 14,371 12,095 Residential loans-sold 26,362 15,531 11,764 23,200 21,417 41,893 36,722 Residential pipeline-portfolio at period end 29,160 37,532 35,068 21,920 24,721 29,160 24,721 Residential loans-retained 58,201 70,322 99,916 51,507 42,431 128,523 93,866 Consumer pipeline at period end 16,174 24,433 17,384 24,447 24,532 16,174 24,532 Consumer originations 53,784 46,732 42,607 65,140 59,973 100,516 108,217 Total Pipelines at Period End $920,942 $981,571 $693,329 $831,081 $834,433 $920,942 $834,433 Total Originations $853,618 $555,422 $902,629 $657,888 $538,004 $1,409,040 $931,964 Loan Production and Pipeline Trend

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20SECOND QUARTER 2025 EARNINGS PRESENTATION 7.95 7.86 7.30 7.02 7.02 3.26 3.25 2.88 2.63 2.49 4.65 4.73 4.77 4.80 4.91 2.31 2.34 2.08 1.93 1.80 3.69 3.75 3.77 3.88 3.87 Variable Rate Loans Interest-Bearing Deposit Costs Fixed/Adjustable Rate Loans Total Deposit Costs Securities 2Q'24 3Q'24 4Q'24 1Q'25 2Q'25 Quarterly Average Yields/Rates (%) Net Interest Margin (Right Axis) Rate on Total Interest Bearing Liabilities (Left Axis) Yield on Total Earning Assets (Left Axis) 2Q'24 3Q'24 4Q'24 1Q'25 2Q'25 — 1.00 2.00 3.00 4.00 5.00 6.00 3.10 3.20 3.30 3.40 3.50 3.60 3.70 Asset & Liability Yield/Rate Trends (%) Average Yield Trends Only 22% of Total Interest Earning Assets Earning asset yields expanded four basis points in 2Q'25 while the rate on interest-bearing liabilities declined eight basis points.

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21SECOND QUARTER 2025 EARNINGS PRESENTATION Villages Bancorporation, Inc. Transaction Summary Structure and Consideration • Villages Bancorporation, Inc. and Citizens First Bank to merge with and into Seacoast Banking Corporation of Florida and Seacoast National Bank • 25% cash / 75% stock consideration • Each share exchanged for cash to receive $1,000 • Each share exchanged for stock to receive 38.5000 shares of Seacoast common stock • Non-voting convertible preferred stock will be issued to certain VBI shareholders to maintain aggregate voting ownership below 10% • Approximately 81% Seacoast / 19% VBI ownership, inclusive of non-voting preferred on a fully converted basis • No changes to the Board of Directors or executive leadership team at Seacoast Implied Transaction Value and Multiples • Implied aggregate transaction value: $710.8 million • Price / Tangible Book Value per Share: 161% • Price / LTM Earnings: 15.8x • Price / 2026E Earnings + Cost Saves + Restructuring: 6.7x¹ Approvals and Timing • Subject to VBI shareholder approval and customary regulatory approvals • Anticipated closing in the fourth quarter of 2025 1. Reflects Seacoast management estimate of VBI's 2026 estimated earnings, fully phased-in cost savings of 27%, and incremental earnings benefit of the anticipated balance sheet restructuring Note: Market data as of May 28, 2025

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22SECOND QUARTER 2025 EARNINGS PRESENTATION Villages Bancorporation, Inc. Key Pro Forma Financial Assumptions One-Time Merger Costs & Cost Savings • Pre-tax, merger costs of $52 million • Cost savings equal to 27% of VBI's non-interest expense base anticipated, 65% realized in 2026 • No branch closings are planned with this acquisition Securities Repositioning • Sale of approximately $2.5 billion of VBI's AFS securities to be reinvested into higher yielding assets • Current portfolio is significantly below market • Anticipated reinvestment rate of 5.20% Loan Mark and CECL Assumptions $84.8 million (~6.4% of total loans) gross loan mark on VBI's loan portfolio, consisting of the following components: • $46.6 million negative interest rate mark (~3.5% of total loans) accreted into earnings over time • $33.1 million non-PCD loans credit mark (~2.5% of total loans) accreted into earnings over time • $5.1 million PCD loans credit mark recorded as allowance for credit losses Additional estimated $31.0 million for Day 2 CECL Provision for non-PCD loans Other Purchase Accounting Adjustments • Core deposit intangible assumed to equal 3.2% of VBI's core deposits, amortized SYD over 10 years • Fixed asset write-up of $6.8 million • Mortgage servicing rights write-up of $8.2 million Note: As of May 28, 2025

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23SECOND QUARTER 2025 EARNINGS PRESENTATION Selected Assets and Liabilities Prior to Acquisition (excludes purchase accounting and fair value adjustments) July 2025 Acquisition of Heartland Bancshares, Inc. (in thousands) July 11, 2025 Selected Assets: Cash and cash equivalents $242,672 Securities 358,099 Loans 154,347 Selected Liabilities: Noninterest bearing deposits $172,474 Interest bearing deposits/Savings/MMA 422,303 Time deposits 88,942 Total Deposits $683,719 Preliminary Purchase Price Information (in thousands, except share data) Cash consideration, including cash in lieu of fractional shares $55,623 Stock consideration (1,862,322 shares issued at July 11 closing price) 54,547 Cash paid to Heartland option holders 1,054 Total merger consideration $111,224 Purchase accounting and fair value adjustments are pending completion. • Estimated credit losses on loans identified as Purchase Credit Deteriorated (PCD) loans will be recorded as allowance for credit losses. • Estimated credit losses on non-PCD loans will be recorded as an adjustment to provision for credit losses at the acquisition date.

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24SECOND QUARTER 2025 EARNINGS PRESENTATION Recognition 2nd consecutive year 4th consecutive year 1st time winner 5th consecutive year 1st time winner 1st time winner 2nd consecutive year 2nd consecutive year

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25SECOND QUARTER 2025 EARNINGS PRESENTATION This presentation contains financial information determined by methods other than Generally Accepted Accounting Principles ("GAAP"). The financial highlights provide reconciliations between GAAP and adjusted financial measures including net income, noninterest income, noninterest expense, tax adjustments and other financial ratios. Management uses these non-GAAP financial measures in its analysis of the Company's performance and believes these presentations provide useful supplemental information, and a clearer understanding of the Company's performance. The Company believes the non-GAAP measures enhance investors' understanding of the Company's business and performance and if not provided would be requested by the investor community. These measures are also useful in understanding performance trends and facilitate comparisons with the performance of other financial institutions. The limitations associated with operating measures are the risk that persons might disagree as to the appropriateness of items comprising these measures and that different companies might define or calculate these measures differently. The Company provides reconciliations between GAAP and these non-GAAP measures. These disclosures should not be considered an alternative to GAAP. Explanation of Certain Unaudited Non-GAAP Financial Measures

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26SECOND QUARTER 2025 EARNINGS PRESENTATION Quarterly Trend Six Months Ended (Amounts in thousands except per share data) 2Q'25 1Q'25 4Q'24 3Q'24 2Q'24 2Q'25 2Q'24 Net Income $42,687 $31,464 $34,085 $30,651 $30,244 $74,151 $56,250 Total noninterest income 24,521 22,180 17,068 23,679 22,184 46,701 42,681 Securities (gains) losses, net (39) (196) 8,388 (187) 44 (235) (185) Total Adjustments to Noninterest Income (39) (196) 8,388 (187) 44 (235) (185) Total Adjusted Noninterest Income 24,482 21,984 25,456 23,492 22,228 46,466 42,496 Total noninterest expense 91,730 90,597 85,575 84,818 82,537 182,327 172,908 Merger-related charges (2,422) (1,051) — — — (3,473) — Business continuity expenses - hurricane events — — (280) — — — — Branch reductions and other expense initiatives — — — — — — (7,094) Adjustments to Noninterest Expense (2,422) (1,051) (280) — — (3,473) (7,094) Adjusted Noninterest Expense 89,308 89,546 85,295 84,818 82,537 178,854 165,814 Income Taxes 12,589 9,386 9,513 8,602 8,909 21,975 16,739 Tax effect of adjustments 604 217 2,197 (47) 11 821 1,751 Adjusted Income Taxes 13,193 9,603 11,710 8,555 8,920 22,796 18,490 Adjusted Net Income $44,466 $32,102 $40,556 $30,511 $30,277 $76,568 $61,408 Earnings per diluted share, as reported 0.50 0.37 0.40 0.36 0.36 0.87 0.66 Adjusted Earnings per Diluted Share $0.52 $0.38 $0.48 $0.36 $0.36 $0.90 $0.72 Average diluted shares outstanding 85,479 85,388 85,302 85,069 84,816 85,454 84,799 GAAP to Non-GAAP Reconciliation

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27SECOND QUARTER 2025 EARNINGS PRESENTATION Quarterly Trend Six Months Ended (Amounts in thousands except per share data) 2Q'25 1Q'25 4Q'24 3Q'24 2Q'24 2Q'25 2Q'24 Adjusted Noninterest Expense $89,308 $89,546 $85,295 $84,818 $82,537 178,854 165,814 Provision for credit losses on unfunded commitments (150) (150) (250) (250) (251) (300) (501) Other real estate owned expense and net (loss) gain on sale (8) (241) (84) (491) 109 (249) 135 Amortization of intangibles (5,131) (5,309) (5,587) (6,002) (6,003) (10,440) (12,295) Net Adjusted Noninterest Expense 84,019 83,846 79,374 78,075 76,392 167,865 153,153 Average tangible assets $15,004,763 $14,593,955 $14,397,331 $14,184,085 $14,020,793 $14,800,495 $13,943,019 Net Adjusted Noninterest Expense to Average Tangible Assets 2.25 % 2.33 % 2.19 % 2.19 % 2.19 % 2.29 % 2.21 % Net Revenue $151,385 $140,697 $132,872 $130,344 $126,608 $292,082 $252,183 Total Adjustments to Net Revenue (39) (196) 8,388 (187) 44 (235) (185) Impact of FTE adjustment 431 340 311 310 233 772 452 Adjusted Net Revenue on a FTE basis $151,777 $140,841 $141,571 $130,467 $126,885 $292,619 $252,450 Adjusted Efficiency Ratio 55.36 % 59.53 % 56.07 % 59.84 % 60.21 % 57.37 % 60.67 % Net Interest Income $126,864 $118,517 $115,804 $106,665 $104,424 $245,381 $209,502 Impact of FTE adjustment 431 340 311 310 233 772 452 Net Interest Income Including FTE adjustment 127,295 118,857 116,115 106,975 104,657 246,153 209,954 Total noninterest income 24,521 22,180 17,068 23,679 22,184 46,701 42,681 Total noninterest expense less provision for credit losses on unfunded commitments 91,580 90,447 85,325 84,568 82,286 182,027 172,407 Pre-Tax Pre-Provision Earnings 60,236 50,590 47,858 46,086 44,555 $110,827 $80,228 Total Adjustments to Noninterest Income (39) (196) 8,388 (187) 44 (235) (185) Total Adjustments to Noninterest Expense including other real estate owned expense and net (loss) gain on sale 2,430 1,292 364 491 (109) 3,722 6,959 Adjusted Pre-Tax Pre-Provision Earnings $62,627 $51,686 $56,610 $46,390 $44,490 $114,314 $87,002 GAAP to Non-GAAP Reconciliation

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28SECOND QUARTER 2025 EARNINGS PRESENTATION Quarterly Trend Six Months Ended (Amounts in thousands except per share data) 2Q'25 1Q'25 4Q'24 3Q'24 2Q'24 2Q'25 2Q'24 Average Assets $15,801,194 $15,395,642 $15,204,041 $14,996,846 $14,839,707 $15,599,540 $14,765,241 Less average goodwill and intangible assets (796,431) (801,687) (806,710) (812,761) (818,914) (799,045) (822,222) Average Tangible Assets $15,004,763 $14,593,955 $14,397,331 $14,184,085 $14,020,793 $14,800,495 $13,943,019 Return on Average Assets (ROA) 1.08 % 0.83 % 0.89 % 0.81 % 0.82 % 0.96 % 0.77 % Impact of other adjustments for Adjusted Net Income 0.05 0.02 0.17 — — 0.03 0.07 Adjusted ROA 1.13 0.85 1.06 0.81 0.82 0.99 0.84 ROA 1.08 0.83 0.89 0.81 0.82 0.96 0.77 Impact of removing average intangible assets and related amortization 0.16 0.15 0.17 0.18 0.18 0.16 0.17 Return on Average Tangible Assets (ROTA) 1.24 0.98 1.06 0.99 1.00 1.12 0.94 Impact of other adjustments for Adjusted Net Income 0.05 0.02 0.18 (0.01) 0.00 0.03 0.08 Adjusted ROTA 1.29 % 1.00 % 1.24 % 0.98 % 1.00 % 1.15 % 1.02 % Average Shareholders' Equity $2,252,208 $2,214,995 $2,203,052 $2,168,444 $2,117,628 $2,233,704 $2,118,005 Less average goodwill and intangible assets (796,431) (801,687) (806,710) (812,761) (818,914) (799,045) (822,222) Average Tangible Equity 1,455,777 1,413,308 1,396,342 1,355,683 1,298,714 1,434,659 1,295,783 Return on Average Shareholders' Equity 7.60 % 5.76 % 6.16 % 5.62 % 5.74 % 6.69 % 5.34 % Impact of removing average intangible assets and related amortization 5.22 4.41 4.74 4.69 5.01 4.83 4.81 Return on Average Tangible Common Equity (ROTCE) 12.82 10.17 10.90 10.31 10.75 11.52 10.15 Impact of other adjustments for Adjusted Net Income 0.49 0.18 1.84 (0.04) 0.01 0.34 0.80 Adjusted ROTCE 13.31 % 10.35 % 12.74 % 10.27 % 10.76 % 11.86 % 10.95 % Loan Interest Income1 $157,499 $150,973 $152,303 $151,282 $147,518 $308,472 $294,826 Accretion on acquired loans (10,583) (8,221) (11,717) (9,182) (10,178) (18,804) (20,773) Loan interest income excluding accretion on acquired loans $146,916 $142,752 $140,586 $142,100 $137,340 $289,668 $274,053 GAAP to Non-GAAP Reconciliation

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29SECOND QUARTER 2025 EARNINGS PRESENTATION Quarterly Trend Six Months Ended (Amounts in thousands except per share data) 2Q'25 1Q'25 4Q'24 3Q'24 2Q'24 2Q'25 2Q'24 Yield on Loans1 5.98 % 5.90 % 5.93 % 5.94 % 5.93 % 5.94 % 5.92 % Impact of accretion on acquired loans (0.40) (0.32) (0.45) (0.36) (0.41) (0.36) (0.42) Yield on loans excluding accretion on acquired loans 5.58 % 5.58 % 5.48 % 5.58 % 5.52 % 5.58 % 5.50 % Net Interest income1 $127,295 $118,857 $116,115 $106,975 $104,657 $246,153 $209,954 Accretion on acquired loans (10,583) (8,221) (11,717) (9,182) (10,178) (18,804) (20,773) Net interest income excluding accretion on acquired loans $116,712 $110,636 $104,398 $97,793 $94,479 $227,349 $189,181 Net Interest Margin1 3.58 % 3.48 % 3.39 % 3.17 % 3.18 % 3.53 % 3.21 % Impact of accretion on acquired loans (0.29) (0.24) (0.34) (0.27) (0.31) (0.27) (0.31) Net interest margin excluding accretion on acquired loans 3.29 % 3.24 % 3.05 % 2.90 % 2.87 % 3.26 % 2.89 % Securities Interest Income1 $32,519 $29,422 $26,986 $26,005 $24,195 $61,942 $46,629 Tax equivalent adjustment on securities (7) (7) (7) (8) (7) (15) (14) Securities interest income excluding tax equivalent adjustment 32,512 29,415 26,979 25,997 24,188 61,927 46,615 Loan Interest Income1 157,499 150,973 152,303 151,282 147,518 308,472 294,825 Tax equivalent adjustment on loans (424) (333) (304) (302) (226) (757) (438) Loan interest income excluding tax equivalent adjustment 157,075 150,640 151,999 150,980 147,292 307,715 294,387 Net Interest Income1 127,293 118,857 116,115 106,975 104,657 246,153 209,954 Tax equivalent adjustment on securities (7) (7) (7) (8) (7) (15) (14) Tax equivalent adjustment on loans (424) (333) (304) (302) (226) (757) (438) Net interest income excluding tax equivalent adjustment $126,862 $118,517 $115,804 $106,665 $104,424 $245,381 $209,502 1 On a fully taxable equivalent basis. All yields and rates have been computed using amortized cost. GAAP to Non-GAAP Reconciliation

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