Business Combinations (Tables)

3 Months Ended

Mar. 31, 2026

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Schedule of Business Acquisitions

(In thousands, except per share data)	October 1, 2025
Number of VBI shares receiving stock	550
Per share exchange ratio for VBI shares receiving stock	38.5000
Number of shares of SBCF common stock issued	9,923
Number of shares of SBCF preferred stock issued1	11
Multiplied by SBCF price per share at October 1, 2025	$	30.50
Total Value of SBCF common and preferred stock issued	$	645,785
Number of VBI shares receiving cash	183
Per share exchange ratio for VBI shares receiving cash	$	1,000.00
Cash consideration paid to VBI shareholders, including cash paid for fractional shares	183,360
Total purchase price	$	829,145
1Preferred stock is 1/1,000th share for every share of common stock.

(In thousands, except per share data)	July 11, 2025
Number of Heartland shares receiving stock	378
Per share exchange ratio for Heartland shares receiving stock	4.9263
Number of shares of SBCF common stock issued	1,862
Multiplied by SBCF price per share at July 11, 2025	$	29.29
Value of SBCF common stock issued	$	54,547
Number of Heartland shares receiving cash	378
Per share cash consideration for Heartland shares receiving cash	$	147.10
Cash consideration paid to Heartland shareholders, including cash paid for fractional shares	$	55,623
Cash paid to Heartland option holders	1,054
Total purchase price	$	111,224

Schedule of Fair Value of Assets Acquired and Liabilities Assumed

The table below presents the allocation of the purchase consideration.

(In thousands)	Initially Measured October 1, 2025		Measurement Period Adjustments		As Adjusted October 1, 2025
Assets:
Cash and cash equivalents	$	166,758	$	—	$	166,758
Investment securities	2,540,434		—		2,540,434
Loans	1,202,389		(351)		1,202,038
Bank premises and equipment	45,942		—		45,942
CDI	110,548		—		110,548
Goodwill	280,087		263		280,350
Other Assets	99,776		—		99,776
Total Assets	$	4,445,934	$	(88)	$	4,445,846
Liabilities:
Deposits	$	3,450,869	$	—	$	3,450,869
Securities sold under agreements to repurchase	105,064		—		105,064
Other Liabilities	60,856		(88)		60,768
Total Liabilities	$	3,616,789	$	(88)	$	3,616,701

The table below presents the allocation of the purchase consideration.

(In thousands)	July 11, 2025
Assets:
Cash and cash equivalents	$	242,672
Investment securities	357,905
Loans	153,294
Bank premises and equipment	7,926
CDI	20,922
Goodwill	22,228
Other Assets	18,590
Total Assets	$	823,537
Liabilities:
Deposits	$	705,195
Other Liabilities	7,118
Total Liabilities	$	712,313

Schedule of Fair Value of Acquired Loans and Unpaid Principal Balance

The table below presents information with respect to the fair value and unpaid principal balance of acquired loans at the acquisition date.

	October 1, 2025
(In thousands)	Book Balance		Fair Value
Loans:
Construction and land development	$	102,067	$	98,849
CRE - owner occupied	93,284		90,147
CRE - non-owner occupied	361,699		335,761
Residential real estate	365,935		349,786
Commercial and financial	335,831		322,276
Consumer	5,332		5,219
Total acquired loans	$	1,264,148	$	1,202,038

The table below presents information with respect to the fair value and unpaid principal balance of acquired loans at the acquisition date.

	July 11, 2025
(In thousands)	Book Balance		Fair Value
Loans:
Construction and land development	$	7,575	$	7,496
CRE - owner occupied	31,504		30,790
CRE - non-owner occupied	40,239		38,992
Residential real estate	52,960		51,434
Commercial and financial	21,104		21,029
Consumer	3,614		3,553
Total acquired loans	$	156,996	$	153,294

Schedule of Carrying Amount of Loans

The table below presents the carrying amount of loans for which, at the date of acquisition, there was evidence of more than insignificant deterioration of credit quality since origination:

(In thousands)	October 1, 2025
Book balance of loans at acquisition	$	148,575
ACL at acquisition	(3,026)
Non-credit related discount	(19,198)
Total PCD loans acquired	$	126,351

Schedule of Business Combination, Pro Forma Information

	For the Three Months Ended March 31,
(In thousands, except per share data)	2026		2025
Net interest income	$	176,470	$	147,403
Net income available to common shareholders	29,757		21,548
EPS - diluted	0.29		0.22
EPS - basic	$	0.30	$	0.22