Seacoast Banking Corporation of Florida (Parent Company Only) Financial Information

12 Months Ended

Dec. 31, 2025

Condensed Financial Information Disclosure [Abstract]

Seacoast Banking Corporation of Florida (Parent Company Only) Financial Information

Note 14 - Seacoast Banking Corporation of Florida (Parent Company Only) Financial Information

Balance Sheets

	December 31,
(In thousands)	2025		2024
Assets
Cash	$	1,433	$	96
Securities purchased under agreement to resell with subsidiary bank, maturing within 30 days	96,859		95,734
Investment in subsidiaries	3,046,818		2,190,338
Other assets	8,216		5,879
	$	3,153,326	$	2,292,047
Liabilities, Convertible Preferred Stock and Shareholders' Equity
Long-term debt	$	95,161	$	106,966
Other liabilities	2,482		1,941
Convertible preferred stock	343,125		—
Shareholders' equity	2,712,558		2,183,140
	$	3,153,326	$	2,292,047

Statements of Income

	Year Ended December 31,
(In thousands)	2025		2024		2023
Income
Interest/other	$	2,769	$	3,547	$	3,573
Dividends from subsidiary Bank	332,203		59,600		40,655
Total income	334,972		63,147		44,228
Interest expense	6,629		7,668		7,408
Other expenses	7,552		779		996
Total expenses	14,181		8,447		8,404
Income before income taxes and equity in undistributed income of subsidiaries	320,791		54,700		35,824
Income tax benefit	(2,396)		(1,029)		(1,015)
Income before equity in undistributed income of subsidiaries	323,187		55,729		36,839
Equity in undistributed income of subsidiaries	(178,309)		65,257		67,194
Net income	$	144,878	$	120,986	$	104,033

Statements of Cash Flows

	Year Ended December 31,
(In thousands)	2025		2024		2023
Cash flows from operating activities
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income	$	144,878	$	120,986	$	104,033
Equity in undistributed income of subsidiaries	178,309		(65,257)		(67,194)
Net increase in other assets	(2,283)		(1,042)		(3,029)
Net (decrease) increase in other liabilities	(11,656)		1,056		22,646
Net cash provided by operating activities	309,248		55,743		56,456
Cash flows from investing activities
Net cash from bank acquisitions	(237,721)		—		10,237
Net advances with subsidiary	(1,110)		5,471		270
Net cash (used in) provided by investment activities	(238,831)		5,471		10,507
Cash flows from financing activities
Dividends paid	(67,727)		(61,649)		(60,591)
Stock-based employment benefit plans	(1,353)		945		4,904
Repurchase of common stock	—		(880)		(10,868)
Net cash used in financing activities	(69,080)		(61,584)		(66,555)
Net change in cash	1,337		(370)		408
Cash at beginning of year	96		466		58
Cash at end of year	$	1,433	$	96	$	466
Supplemental disclosure of cash flow information:
Cash paid during the period for interest	$	4,753	$	5,511	$	5,315