• A Florida-focused version of a full-service bank like Wells Fargo.
• Like a regional Bank of America, operating exclusively within Florida.

• Commercial Banking Services: Provides financial services tailored for businesses, encompassing commercial and financial loans, including those for construction and land development.
• Retail Banking Services: Offers financial services to individual customers, including various noninterest and interest-bearing deposit accounts and consumer loans for purposes like automobiles, boats, and personal needs.
• Wealth Management: Manages financial assets and investments for clients to help them achieve their financial goals.
• Mortgage Services: Specializes in providing loans for both commercial and residential real estate properties.
• Brokerage Services: Assists clients with the buying and selling of various financial securities and investments.
• Annuity Services: Offers financial products designed to provide a steady stream of payments, often for retirement planning.

Seacoast Banking of Florida (SBCF) primarily serves a broad base of customers rather than a few major named entities. Based on its operations, it serves the following categories of customers:

• Retail Customers (Individuals): This category includes individuals who utilize services such as noninterest and interest-bearing demand deposit, money market, savings, and customer sweep accounts; time certificates of deposit; consumer loans (including installment loans and revolving lines for automobiles, boats, and personal or family purposes); and residential mortgage services.
• Commercial Customers (Businesses): This category encompasses businesses of various sizes that utilize services such as commercial banking, construction and land development loans, commercial and residential real estate loans, and commercial and financial loans.
• Wealth Management Clients: While overlapping with both retail and commercial, this category specifically refers to individuals and businesses seeking wealth management, brokerage, and annuity services for investment and financial planning.

Charles M. Shaffer, Chairman, President & Chief Executive Officer

Charles "Chuck" M. Shaffer was named Chairman of the Board in February 2022, and appointed President and Chief Executive Officer and a director of Seacoast Banking Corporation of Florida in January 2021. Mr. Shaffer joined Seacoast in 1997 and has held various leadership positions, including Chief Operating Officer from May 2019, and Executive Vice President and Chief Financial Officer from January 2017 to May 2019. Before that, he led the Community Banking Group and served as Senior Vice President and Controller. Mr. Shaffer serves on the board of directors for Armellini Express Lines, Inc., a private logistics company.

Tracey L. Dexter, Executive Vice President, Chief Financial Officer

Tracey L. Dexter was appointed Chief Financial Officer in June 2020. She joined Seacoast in January 2017 as Senior Vice President, Controller, where she managed accounting and financial reporting functions, including SEC and regulatory reporting. Before joining Seacoast, Ms. Dexter spent 12 years with PwC's Banking and Capital Markets practice, holding audit and advisory roles with financial institutions in Florida and serving as a senior manager in the firm's national office in New York City.

Juliette P. Kleffel, Executive Vice President, Chief Banking Officer

Juliette "Julie" P. Kleffel serves as Executive Vice President and Chief Banking Officer. She previously served as Seacoast's Small Business Banking Leader and was Executive Vice President and Commercial Sales Leader at BankFIRST prior to its acquisition by Seacoast in October 2014.

Daniel G. Chappell, Chief Human Resources Officer & Executive Vice President

Daniel "Dan" G. Chappell has served as the Chief Human Resources Officer of Seacoast National Bank since September 2014. Prior to joining Seacoast, Mr. Chappell spent ten years with Bank of America, where he was a Senior Vice President and Human Resource Executive for various lines of business including Technology and Operations, Wealth Management, and Consumer Operations. He also held senior HR roles with Avaya Communications, Honeywell International, Cytec Industries, and Sonoco Products, and was a Vice President with Right Management Consultants.

Jeffery Lee, Executive Vice President, Chief Digital Officer

Jeffery Lee was appointed Chief Digital Officer in May 2019. He previously served as Executive Vice President and Chief Marketing Officer and joined Seacoast in May 2013 as Vice President, Digital Project Manager. Mr. Lee has over 18 years of digital marketing experience, including nine years with American Express, where he was the International Marketing Director, and he also served as Digital Marketing Director for BGT Partners (since acquired by PwC).

Key Risks to Seacoast Banking of Florida (SBCF)

• Concentration in Florida Commercial Real Estate (CRE): Seacoast Banking of Florida has a significant concentration in commercial real estate loans, which constitute 50% of its loan portfolio and represent 227% of its total risk-based capital as of December 31, 2025. This high exposure makes the company particularly vulnerable to fluctuations in Florida's real estate market, changes in interest rates, and potential credit quality deterioration within the CRE sector.
• Interest Rate and Liquidity Pressures: The company is sensitive to changes in interest rates and faces liquidity pressures, including competition for deposits. Rising deposit costs due to the competitive landscape and higher interest rate environments can compress the bank's Net Interest Margin (NIM), impacting profitability.
• Acquisitive Growth Strategy and Regulatory/Integration Risks: Seacoast Banking of Florida has actively pursued growth through mergers and acquisitions, completing multiple bank acquisitions since 2019. While this strategy expands its market presence, it introduces inherent risks related to the successful integration of acquired entities, managing a larger and more complex portfolio of services, and potential impacts on its capital ratios. Furthermore, the company faces evolving regulatory requirements and increased federal scrutiny on regional banks, which can lead to higher compliance costs and operational challenges.

The rise of digital-first banks (neobanks), online lenders, and financial technology (FinTech) companies poses a clear emerging threat. These entities leverage technology to offer banking, lending, and wealth management services with lower overhead, often leading to more competitive rates and superior digital customer experiences, directly challenging traditional branch-based models like that of Seacoast Banking of Florida.

Seacoast Banking of Florida (SBCF) operates within the state of Florida, offering a range of financial products and services. The addressable markets for its main products and services in Florida are sized as follows:

• Banking (Commercial and Retail) and Deposits: Banks operating in Florida supported the state's economy with consumer, business, and other loans. In 2024, deposits in Florida totaled approximately $831 billion. There were 199 banks operating 4,345 branches and offices across the state.
• Wealth Management: The market size for the Portfolio Management & Investment Advice industry in Florida is estimated at $14.7 billion in 2026. This market has been experiencing growth, with a net annual income migration of $39.2 billion into Florida, attracting high-net-worth individuals and young millionaires to the state.
• Mortgage Services (Residential Real Estate Loans): New home loans booked in Florida in 2024 amounted to $87.1 billion. The median sale price for single-family homes in Florida was $412,500 in March 2025.
• Commercial and Financial Loans (including Construction and Land Development, Commercial Real Estate):
  • Small business loans in Florida totaled $52.9 billion in 2023.
  • FDIC data for banks in Florida (as of Q4 2024) indicated approximately $40 million in construction & development loans, $14 million in multifamily residential real estate loans, and $228 million in nonresidential real estate loans.
• Consumer Loans: The Florida digital lending market, a segment of consumer lending, was valued at $4.35 billion in 2019 and is projected to reach $13.89 billion by 2027.

Specific market sizes for only brokerage and annuity services in Florida were not explicitly identified as separate figures; however, these services may be included within broader wealth management offerings.

• Strategic Acquisitions: Recent acquisitions, such as Villages Bancorporation, Inc. (VBI), have significantly boosted Seacoast's revenue, market share, deposit base, and expanded its mortgage banking activities. The company views accretive acquisitions as a continued driver for net interest margin expansion.
• Organic Loan Growth: Seacoast anticipates continued strong growth in its loan portfolio, particularly within its commercial banking segment. This growth is attributed to the consistent success of its commercial banking team and a multi-year strategy focused on attracting top banking talent in Florida, contributing to a robust commercial pipeline.
• Deposit Gathering and Market Share Expansion: The company is keenly focused on acquiring new customers and increasing its deposit base. This strategy aims to deepen Seacoast's market share throughout Florida, with a stated goal of becoming a leading regional bank in the state. Recent quarters have shown strong customer acquisition and annualized deposit growth rates.
• Expansion of Wealth Management Services: Seacoast has demonstrated consistent strong growth in its wealth management division, with a significant increase in fee-based assets under management and a robust pipeline of new clients. This area has seen substantial year-over-year growth in assets under management and is considered a key non-interest income driver.
• Net Interest Margin (NIM) Expansion: Seacoast expects its net interest margin to continue expanding. This is driven by strong loan growth, proactive management leading to lower funding costs, and the positive impact of accretive acquisitions. This expansion directly contributes to increased net interest income, a primary component of the bank's revenue.

Share Repurchases

• Seacoast Banking Corporation of Florida's Board of Directors renewed and expanded its share repurchase program on December 19, 2025.
• The renewed program authorizes the repurchase of up to $150 million of common stock through December 31, 2026. This represents approximately 5% of the company's outstanding shares.

Share Issuance

• As part of the acquisition of Villages Bancorporation, Inc. in 2025, Seacoast offered consideration that included its common stock, alongside cash, at the shareholders' election. The aggregate value of the merger consideration was approximately $710.8 million.
• In 2021, Seacoast acquired Legacy Bank of Florida, with Legacy shareholders receiving Seacoast stock in the transaction.

Inbound Investments

• GW&K Investment Management LLC increased its holdings in Seacoast Banking by 5.5% in the third quarter of 2025, bringing its stake to 1,489,081 shares, valued at approximately $45.3 million.
• As of Q3 2025, institutional investors collectively owned about 81.77% of Seacoast Banking of Florida's stock.

Outbound Investments

• Seacoast completed the acquisition of Villages Bancorporation, Inc. on October 1, 2025, a transaction valued at approximately $711 million. This acquisition added approximately $4.1 billion in assets, $1.2 billion in loans, and $3.5 billion in deposits.
• In July 2025, Seacoast acquired Heartland Bancshares, Inc., expanding its branch presence in Central Florida.
• In 2021, Seacoast acquired Sabal Palm Bancorp and Business Bank of Florida in August, and Legacy Bank of Florida in March.