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SBCF on Nasdaq

SEACOAST BANKING CORP OF FLORIDA

SEACOAST BANKING CORP OF FLORIDA is an American state commercial bank based in Stuart, incorporated in Florida.2 Its shares trade on Nasdaq under the symbol SBCF.2

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Last updated Oct 21, 2026.

Overview

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  • TickerSBCF on Nasdaq2
  • IndustryState Commercial Banks2
  • HeadquartersStuart, United States2
  • Incorporated inFL3
  • Business address815 Colorado Ave, P O Box 9012, Stuart, Fl 349943
  • Filer categoryLarge accelerated filer3
  • Legal formProfit Corporation2
  • LEI549300V6IC06XYQYPG882
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O SHAFFER, CHARLES M, 34994 Stuart, United States2
  • Registered withFlorida Division of Corporations, G199592

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Seacoast Banking Corporation of Florida (“Seacoast” or the “Company”) is a financial holding company, incorporated in Florida in 1983, and registered under the Bank Holding Company Act of 1956, as amended (the “BHC Act”). Its principal subsidiary is Seacoast National Bank, a wholly-owned national banking association (“Seacoast Bank”) chartered in 1926. As of December 31, 2025, Seacoast had total consolidated assets of $20.8 billion, total deposits of $16.3 billion, total consolidated liabilities, including deposits, of $17.8 billion, consolidated convertible preferred stock of $0.3 billion, and consolidated shareholders’ equity of $2.7 billion.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income678910$144.9M in 2025+47% since 2019
0$50.0M$100.0M$150.0M2019: $98.7M$98.7M20192020: $77.8M$77.8M2020−21%2021: $124.4M$124.4M2021+60%2022: $106.5M$106.5M2022−14%2023: $104.0M$104.0M2023−2%2024: $121.0M$121.0M2024+16%2025: $144.9M$144.9M2025+20%

Every line of the income statement as filed: the last 3 fiscal years, latest first.10

Period ending2025-12-312024-12-312023-12-31
Taxable$151.3M$99.5M$82.9M
Nontaxable$3.4M$135.0K$354.0K
Interest and fees on loans$657.0M$597.4M$581.1M
Interest on interest-bearing deposits and other investments$24.7M$28.6M$24.6M
Total Interest Income$836.4M$725.6M$689.0M
Interest on deposits$177.4M$198.2M$126.5M
Interest on time certificates$67.3M$70.8M$52.3M
Interest on securities sold under agreement to repurchase$6.2M$9.4M$8.3M
Interest on FHLB borrowings$25.3M$7.7M$6.4M
Interest on long-term debt$6.7M$7.5M$7.2M
Total Interest Expense$282.9M$293.6M$200.7M
Net Interest Income$553.5M$432.0M$488.2M
Provision for credit losses$51.3M$16.3M$37.5M
Net Interest Income After Provision for Credit Losses$502.2M$415.7M$450.7M
Service charges on deposit accounts$23.4M$20.9M$18.3M
Wealth management income$18.6M$15.2M$12.8M
Mortgage banking income$4.7M$1.8M$1.8M
Interchange income$8.2M$7.6M$13.9M
Insurance agency income$5.6M$5.2M$4.5M
BOLI income$12.4M$10.1M$8.4M
Other$26.8M$30.8M$22.4M
Total Noninterest Income Before Securities (Losses) Gains, Net$99.7M$91.4M$82.0M
Securities losses, net (includes net losses of $0.9 million for 2025, $12.0 million for 2024 and $2.9 million for 2023 in other comprehensive income reclassifications)-$522.0K-$8.0M-$2.9M
Total Noninterest Income$99.2M$83.4M$79.2M
Salaries and wages$186.9M$162.3M$171.8M
Employee benefits$32.8M$28.3M$29.9M
Outsourced data processing costs$37.6M$36.6M$34.6M
Occupancy$31.8M$29.5M$31.9M
Furniture and equipment$9.4M$8.0M$8.7M
Marketing$11.4M$10.8M$9.2M
Legal and professional fees$8.6M$9.6M$11.1M
FDIC assessments$9.6M$8.4M$8.6M
Amortization of intangibles$26.8M$23.9M$28.7M
OREO expense and net (gain) loss on sale-$126.0K$440.0K$985.0K
Provision for credit losses on unfunded commitments$1.3M$1.0M$1.2M
Merger and integration costs$32.4M$0$33.2M
Other$26.3M$24.3M$25.7M
Total Noninterest Expense$414.9M$343.3M$395.6M
Income Before Income Taxes$186.5M$155.8M$134.3M
Provision for income tax expense$41.6M$34.9M$30.2M
Net Income$144.9M$121.0M$104.0M
Preferred dividends$2.1M$0$0
Net income available to common shareholders$142.7M$121.0M$104.0M
Diluted (in dollars per share)$1.57$1.42$1.23
Basic (in dollars per share)$1.59$1.43$1.24
Diluted (in shares)89.1M shares85.0M shares84.3M shares
Basic (in shares)88.3M shares84.4M shares83.8M shares
Gains (losses) included in other comprehensive income reclassifications-$900.0K-$12.0M-$2.9M

Compare SEACOAST BANKING CORP OF FLORIDA with another company

Corporate structure

SEACOAST BANKING CORP OF FLORIDA sits at the top of its group. 7 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of SEACOAST BANKING CORP OF FLORIDA

  • North Reef Capital Management LP Filed SCHEDULE 13G/A on SEACOAST BANKING CORP OF FLORIDA, latest Aug 14, 2026 (3 filings since Feb 6, 2025)
  • Wellington Management Company Filed SCHEDULE 13G/A on SEACOAST BANKING CORP OF FLORIDA, latest May 15, 2026 (4 filings since Feb 8, 2024)
  • State Street Corporation Filed SCHEDULE 13G on SEACOAST BANKING CORP OF FLORIDA, latest May 12, 2026 (5 filings since Feb 5, 2025)
  • VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on SEACOAST BANKING CORP OF FLORIDA, latest Apr 30, 2026
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on SEACOAST BANKING CORP OF FLORIDA, latest Mar 27, 2026 (4 filings since Feb 10, 2022)
  • Capital World Investors Filed SC 13G/A on SEACOAST BANKING CORP OF FLORIDA, latest Feb 9, 2024 (3 filings since Feb 11, 2022)
  • BlackRock Filed SC 13G/A on SEACOAST BANKING CORP OF FLORIDA, latest Jan 23, 2024 (4 filings since Jan 25, 2022)
  • PRICE T ROWE ASSOCIATES INC /MD/ Filed SC 13G/A on SEACOAST BANKING CORP OF FLORIDA, latest Feb 14, 2023 (2 filings since Feb 14, 2022)
  • SEACOAST BANKING CORP OF FLORIDA Stuart, Florida, United States
    • 10. Subsidiary · Delaware, United States
    • 11. Subsidiary · Florida, United States
    • 12. Subsidiary · Florida, United States
    • 13. Subsidiary · Florida, United States
    • 14. Subsidiary · Florida, United States
    • Seacoast National Bank Subsidiary · Stuart, Florida, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What SEACOAST BANKING CORP OF FLORIDA reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land$40.6M10 Dec 31, 2025$35.2M10 Dec 31, 2024+15.5%
Property and equipment, before depreciation$244.2M10 Dec 31, 2025$182.4M10 Dec 31, 2024+33.9%
Accumulated depreciation$84.1M10 Dec 31, 2025$74.8M10 Dec 31, 2024+12.4%
Property and equipment, net$160.1M10 Dec 31, 2025$107.6M10 Dec 31, 2024+48.9%
Operating-lease assets (leased space)$57.9M10 Dec 31, 2025$40.9M10 Dec 31, 2024+41.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$388.5M10 Dec 31, 2025$476.6M10 Dec 31, 2024−18.5%
Loans, net of allowance$12.4B10 Dec 31, 2025$10.2B10 Dec 31, 2024+22.5%
Deposits held (banks)$16.3B10 Dec 31, 2025$12.2B10 Dec 31, 2024+32.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$1.0B10 Dec 31, 2025$732.4M10 Dec 31, 2024+41.3%
Intangible assets, net (excluding goodwill)$195.7M10 Dec 31, 2025$71.7M10 Dec 31, 2024+172.9%
Finite-lived intangibles, net$164.2M10 Dec 31, 2025$91.7M8 Dec 31, 2023+79.1%

Properties, in its own words

Seacoast maintains its corporate headquarters in a 68,000 square foot building at 815 Colorado Avenue in Stuart, Florida. The building is owned by Seacoast Bank.

Seacoast Bank owns or leases all of the buildings in which its business operates. At December 31, 2025, Seacoast Bank had 104 branch offices located in Florida and Georgia, in addition to stand-alone commercial lending offices throughout the footprint. For additional information regarding properties, please refer to Note 7 - Bank Premises and Equipment and Note 11 - Lease Commitments to our audited consolidated financial statements.

Item 2 of the 10-K filed Feb 27, 2026.5

Leadership

Who has led SEACOAST BANKING CORP OF FLORIDA, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Dennis S. Hudson Iii.2006–2020
  2. Charles M. Shaffer2021–now

Chair

  1. Dennis S. Hudson Iii.2006–2022
  2. Charles M. Shaffer2022–now

President

  1. Charles M. Shaffer2021–now

Chief financial officer

  1. William R. Hahl2006–2016
  2. Stephen A. Fowle2015–2017
  3. Tracey Dexter2020–now

Chief operating officer

  1. A. Douglas Gilbert2006–2010
  2. Charles M. Shaffer2021
  3. Juliette Kleffel2024–now
2010201520202025
Board members and other officers (44)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • 10. Delaware4
  • 11. Florida4
  • 12. Florida4
  • 13. Florida4
  • 14. Florida4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Sep 9, 20268-K Regulation FD disclosure64
  2. Jul 28, 20268-K Results of operations; Regulation FD disclosure65
  3. May 29, 20268-K Executive or director change66
  4. May 20, 20268-K Shareholder vote; Regulation FD disclosure67
  5. May 13, 20268-K Regulation FD disclosure68
  6. Apr 28, 20268-K Results of operations; Regulation FD disclosure69
  7. Mar 26, 20268-K Executive or director change70
  8. Feb 11, 20268-K Regulation FD disclosure71
  9. Jan 29, 20268-K Results of operations; Regulation FD disclosure; Other events72
  10. Dec 19, 20258-K Other events73
  11. Nov 5, 20258-K Regulation FD disclosure74
  12. Oct 27, 20258-K Results of operations; Regulation FD disclosure75
  13. Feb 12, 2021New chief executive Charles M. Shaffer becomes CEO15
  14. Jan 4, 2006New chief executive Dennis S. Hudson Iii. becomes CEO16
  15. Jan 24, 1983Founded SEACOAST BANKING CORP OF FLORIDA is founded2

Calendar

Coming up

  1. Oct 27, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.52 a share, on Oct 27, 2025.76

When it reported results

  1. Jul 28, 2026Reported quarterly or annual results65
  2. Apr 28, 2026Reported quarterly or annual results69
  3. Jan 29, 2026Reported quarterly or annual results72
  4. Oct 27, 2025Reported quarterly or annual results75
  5. Jul 24, 2025Reported quarterly or annual results77
  6. Apr 24, 2025Reported quarterly or annual results78
  7. Jan 27, 2025Reported quarterly or annual results79
  8. Oct 24, 2024Reported quarterly or annual results80

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

550 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 74 major events, 326 insider forms, 26 large holders, 104 other. The latest 20:

  1. Oct 9, 20264 EDGAR
  2. Sep 17, 20264 EDGAR
  3. Sep 16, 2026144 EDGAR
  4. Sep 9, 20268-K EDGAR
  5. Aug 28, 20264 EDGAR
  6. Aug 27, 2026144 EDGAR
  7. Aug 14, 2026SCHEDULE 13G/A EDGAR
  8. Aug 4, 20264 EDGAR
  9. Aug 4, 2026144 EDGAR
  10. Aug 4, 202610-Q EDGAR
  11. Aug 4, 20264 EDGAR
  12. Aug 4, 20264 EDGAR
  13. Aug 4, 20264 EDGAR
  14. Aug 4, 20264 EDGAR
  15. Aug 4, 20264 EDGAR
  16. Aug 4, 20264 EDGAR
  17. Aug 4, 20264 EDGAR
  18. Aug 4, 20264 EDGAR
  19. Aug 4, 20264 EDGAR
  20. Aug 4, 20264 EDGAR

The 550 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

34 open-market trades by officers, directors and large owners since October 2021: 6 buys and 28 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 16, 2026HUDSON DENNIS S IIIDirectorSale12,000$34.15$409.8KForm 4
Aug 27, 2026Kleffel JulietteEVP, Chief Operating OfficerSale14,831$34.31$508.9KForm 4
Jul 1, 2026HUDSON DENNIS S IIIDirectorSale4,000$34.00$136.0KForm 4
Jun 16, 2026HUDSON DENNIS S IIIDirectorSale8,000$31.41$251.3KForm 4
May 6, 2026STALLINGS JAMES C IIIEVP, Chief Credit OfficerSale7,552$31.16$235.3KForm 4
May 4, 2026Shaffer Charles MChairman, President & CEOSale10,367$30.88$320.1KForm 4
Mar 16, 2026HUDSON DENNIS S IIIDirectorSale8,000$30.04$240.3KForm 4
Mar 4, 2026HUDSON DENNIS S IIIDirectorSale8,000$31.34$250.7KForm 4
Feb 26, 2026FORLENZA JOSEPH MEVP & CROSale12,635$32.90$415.7KForm 4
Feb 23, 2026SHEAROUSE JOSEPH B IIIDirectorBuy700$32.13$22.5KForm 4
Feb 12, 2026SHEAROUSE JOSEPH B IIIDirectorBuy4,000$33.19$132.8KForm 4
Feb 3, 2026Bradley Jacqueline LynetteDirectorSale2,279$33.54$76.4KForm 4
Feb 3, 2026ARCZYNSKI DENNIS JDirectorSale3,419$34.21$117.0KForm 4
Feb 3, 2026GOEBEL MARYANNDirectorSale3,419$34.23$117.0KForm 4
Nov 10, 2025HUDSON DENNIS S IIIDirectorSale8,000$31.13$249.0KForm 4
Nov 5, 2025STALLINGS JAMES C IIIEVP, Chief Credit OfficerSale3,245$30.87$100.2KForm 4
Aug 21, 2025ROSSIN THOMAS ESale72$29.25$2.1KForm 4
Nov 11, 2024Shaffer Charles MChairman, President & CEOSale21,255$30.36$645.3KForm 4
Sep 18, 2024HUDSON DENNIS S IIIDirectorSale8,000$27.06$216.5KForm 4
Jul 16, 2024HUDSON DENNIS S IIIDirectorSale16,000$27.00$432.0KForm 4

All 34 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.13,977,824$464.8M0.0%+19,225
State Street Corp5,544,609$184.4M0.0%+521,173
North Reef Capital Management LP4,775,000$158.8M6.1%−1,050,000
Wellington Management Group Llp4,480,829$149.0M0.0%−370,129
Vanguard Capital Management LLC4,359,870$145.0M0.0%−38,646
Dimensional Fund Advisors LP3,612,100$120.1M0.0%+461,508
Franklin Resources Inc3,255,493$108.2M0.0%+519,369
Nomura Asset Management International Inc.2,838,870$94.4M0.1%+1,004,349
Geode Capital Management, LLC2,600,810$86.5M0.0%+128,886
Vanguard Portfolio Management LLC2,251,641$74.9M0.0%+117,701
Westwood Holdings Group Inc2,213,453$73.6M0.6%−53,714
Segall Bryant & Hamill, LLC1,632,101$54.3M0.6%−97,750
First Eagle Investment Management, LLC1,295,130$43.1M0.0%+790,065
Frontier Capital Management Co LLC1,227,771$40.8M0.4%+228,525
Charles Schwab Investment Management Inc1,064,697$35.4M0.0%+6,330
Northern Trust Corp1,052,282$35.0M0.0%+73,229
William Blair Investment Management, LLC1,046,573$34.8M0.1%−280,633
Goldman Sachs Group Inc1,041,519$34.6M0.0%−457,395
Deprince Race & Zollo Inc1,023,503$34.0M0.6%−1,214,236
FJ Capital Management LLC1,006,363$33.5M4.3%+100,310
Royce & Associates LP921,852$30.7M0.2%−84,413
Tributary Capital Management, LLC799,831$26.6M2.2%−13,608
Aberdeen Group plc793,007$26.4M0.0%+23,968
Brown Advisory Inc757,144$25.2M0.0%+3,591
Nuveen, LLC748,847$24.9M0.0%+76,774

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

13 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Oct 31, 2025Lisa C. McClainRepublican, HouseSale$1,001 - $15,000+6.1%Report
Oct 30, 2025Lisa C. McClainRepublican, HouseBuy$1,001 - $15,000−7.1%Report
Oct 30, 2025Lisa C. McClainRepublican, HouseSale$1,001 - $15,000+7.1%Report
Jun 17, 2025Lisa C. McClainRepublican, HouseBuy$1,001 - $15,000+2.6%Report
Jun 16, 2025Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000+2.9%Report
Nov 8, 2024Jared MoskowitzDemocratic, HouseSale$15,001 - $50,000+18.6%Report
Nov 8, 2024Jared MoskowitzDemocratic, HouseSale$50,001 - $100,000+18.6%Report
Dec 14, 2023Jared MoskowitzDemocratic, HousePartial sale$15,001 - $50,000+52.8%Report
Dec 14, 2023Jared MoskowitzDemocratic, HousePartial sale$15,001 - $50,000+52.8%Report
Mar 29, 2023Josh GottheimerDemocratic, HousePartial sale$1,001 - $15,000+59.8%Report
Mar 10, 2023Jared MoskowitzDemocratic, HousePartial sale$15,001 - $50,000+77.8%Report
Mar 10, 2023Jared MoskowitzDemocratic, HousePartial sale$50,001 - $100,000+77.8%Report
Jan 31, 2023Daniel S. GoldmanDemocratic, HouseSale$15,001 - $50,000+88.9%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How SEACOAST BANKING CORP OF FLORIDA is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSEACOAST BANKING CORP OF FLORIDA1
  • CIK0000730708
  • Employer ID (EIN)59-22606785
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
  • Incorporated inFlorida5
  • Fiscal year endsDecember 311
  • Industry code (SIC)6022 State Commercial Banks1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address815 Colorado Ave, P O Box 9012, Stuart, FL 349941
  • Mailing address815 Colorado Ave, P O Box 9012, Stuart, FL 349951
  • Phone772 288 60631
  • Shares outstanding96,822,799 as of Jun 30, 202613
  • Public float$2.4B as of Jun 30, 20255
  • AuditorCrowe LLP, Fort Lauderdale, Florida PCAOB ID 173; it also attests to the company’s internal control over financial reporting5
  • On EDGAR sinceFeb 13, 19951
  • Filings2,668 in all: 4 (1,335), 8-K (338), 5 (160), 10-Q (95), 4/A (92), SC 13G/A (50), 425 (38), CORRESP (37)1
    All 54 form types

    3 (36), UPLOAD (33), 10-K (31), DEF 14A (31), EFFECT (28), 11-K (27), SC 13D/A (27), 8-K/A (24), S-4/A (22), SC 13G (21), 144 (20), S-4 (20), 424B3 (19), S-8 (18), SC 13D (15), DEFA14A (13), PRE 14A (13), 10-Q/A (12), 10-K/A (10), 5/A (10), S-1/A (9), S-3 (9), 424B5 (8), S-3ASR (8), SCHEDULE 13G (8), FWP (7), 424B4 (5), SCHEDULE 13G/A (5), ARS (4), S-3/A (4), 3/A (3), S-1 (3), 424B2 (2), D (2), NT 10-K (2), NT 10-Q (2), NT 11-K (2), PRER14A (2), 11-K/A (1), DEFR14A (1), DEL AM (1), NT 10-Q/A (1), POS AM (1), PX14A6G (1), RW (1), S-1MEF (1)

  • Latest filingsAnnual report (10-K) Feb 27, 2026
    Quarterly report (10-Q) Aug 4, 2026
    Proxy statement (DEF 14A) Apr 10, 2026
    Latest 8-K (8-K) Sep 9, 2026

Securities registered for trading

ClassSymbolExchange
Common StockSBCFNasdaq Global Select Market

From the cover page of the 10-K filed Feb 27, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks SEACOAST BANKING CORP OF FLORIDA names in Item 1A of its 10-K filed Feb 27, 2026: 38 risks under these headings, as written.5

  • risks described herein and in our other public filings with the SEC. Please refer to the section in this Form 10-K titled “Special Cautionary Notice Regarding Forward-Looking Statements” for additional information regarding forward-looking statements.
  • Deterioration in the real estate markets, including the secondary market for residential mortgage loans, can adversely affect us.
  • Our real estate portfolios are exposed if weakness in the Florida housing market or general economy arises.
  • We are subject to lending concentration risk.
  • NPAs could result in an increase in our provision for credit losses on loans, which could adversely affect our results of operations and financial condition.
  • Our ACL on loans may prove inadequate or we may be adversely affected by credit risk exposures.
  • Interest Rate Risk
  • We must effectively manage our interest rate risk. The impact of changing interest rates on our results is difficult to predict and changes in interest rates may impact our performance in ways we cannot predict.
  • The FRB has implemented significant economic strategies that have impacted interest rates, inflation, asset values, and the shape of the yield curve, over which the Company has no control and which the Company may not be able to adequately anticipate.
  • Our cost of funds may increase as a result of general economic conditions, FDIC insurance assessments, interest rates and competitive pressures.
  • Liquidity Risk
  • Liquidity risks could affect operations and jeopardize our financial condition.
The other 28 risks
  • Adverse developments or concerns affecting the financial services industry in general or financial institutions that are similar to us or that may be viewed as being similar to us, such as bank failures and disruption in the United States banking industry, could adversely affect our financial condition and results of operations.
  • Our ability to receive dividends from our subsidiaries could affect our liquidity and ability to pay interest on our trust preferred securities or reinstate dividends.
  • Business and Strategic Risks
  • Our business strategy includes continued growth, and our financial condition and results of operations could be negatively affected if we fail to grow or fail to manage our growth effectively.
  • Our future success is dependent on our ability to compete effectively in highly competitive markets.
  • Consumers may decide not to use banks to complete their financial transactions, which could adversely affect our net income.
  • Hurricanes or other adverse weather events, as well as climate change, could negatively affect our local economies or disrupt our operations, which would have an adverse effect on our business and results of operations.
  • Changes in accounting rules applicable to banks could adversely affect our financial condition and results of operations.
  • The anti-takeover provisions in our Articles of Incorporation and under Florida law may make it more difficult for takeover attempts that have not been approved by our Board of Directors.
  • Operational Risk
  • The implementation of new lines of business or new products and services may subject us to additional risk.
  • Employee misconduct could expose us to significant legal liability and reputational harm.
  • We are subject to losses due to fraudulent and negligent acts.
  • If we fail to maintain an effective system of disclosure controls and procedures, including internal control over financial reporting, we may not be able to accurately report our financial results or prevent fraud, which could have a material adverse effect on our business, results of operations and financial condition. In addition, current and potential shareholders could lose confidence in our financial reporting, which could harm the trading price of our common stock.
  • Our operations rely on external vendors.
  • We must effectively manage our information systems risk.
  • Disruptions to our information systems or security incidents could adversely affect our business and reputation.
  • The development and use of AI presents risks and challenges that may adversely impact our business.
  • Regulatory and Litigation Risk
  • We operate in a heavily regulated environment. Regulatory compliance burdens and associated costs can affect our business, including our reputation, the value of our securities, and the results of our operations.
  • We are required to maintain capital to meet regulatory requirements, and if we fail to maintain sufficient capital, whether due to losses, growth opportunities, or an inability to raise additional capital or otherwise, our financial condition, liquidity and results of operations, as well as our compliance with regulatory requirements, would be adversely affected.
  • Federal banking agencies periodically conduct examinations of our business, including for compliance with laws and regulations, and our failure to comply with any supervisory actions to which we are or become subject as a result of such examinations may adversely affect us.
  • Higher FDIC deposit insurance premiums and assessments could adversely affect our financial condition.
  • Tax law changes and interpretations may have a negative impact on our earnings.
  • Merger-Related Risks
  • If we fail to successfully integrate our acquisitions or to realize the anticipated benefits of them, our financial condition and results of operations could be negatively affected.
  • Attractive acquisition opportunities may not be available to us in the future.
  • Our business strategy includes significant growth plans, and our financial condition and results of operations could be negatively affected if we fail to grow or fail to manage our growth effectively, or if we fail to successfully integrate our acquisitions or to realize the anticipated benefits of them.
  • General Risk Factors
  • Shares of our common stock are not insured deposits and may lose value.
  • Any future economic downturn could have a material adverse effect on our capital, financial condition, results of operations, and future growth.
  • A reduction in consumer confidence could negatively impact our results of operations and financial condition.
  • We must attract and retain skilled personnel.

Legal proceedings

The Company and its subsidiaries, because of the nature of their businesses, are at all times subject to numerous legal actions, threatened or filed. Management presently believes that none of the legal proceedings to which it is a party are likely to have a materially adverse effect on the Company’s consolidated financial position, operating results or cash flows.

The opening of Item 3, Legal Proceedings.5

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