Here are 1-3 brief analogies for Seacoast Banking of Florida (SBCF):

• A Florida-focused version of Bank of America, but on a smaller, regional scale.
• Like a regional version of Wells Fargo, but concentrated entirely on Florida.
• Essentially, the U.S. Bank of Florida, providing comprehensive banking services within the state.

• Deposit Products: Seacoast Banking offers various checking, savings, money market, and certificate of deposit accounts for individuals and businesses.
• Lending Products: The bank provides commercial loans, real estate loans (residential and commercial mortgages), and consumer loans (auto, personal, home equity, credit cards) to its customers.
• Treasury Management Services: Seacoast delivers solutions for businesses to optimize cash flow, manage payments, and mitigate fraud risks effectively.
• Wealth Management & Trust Services: The company offers financial planning, investment management, and trust administration services for individuals and businesses.

Seacoast Banking of Florida (SBCF) is a regional bank, and as such, it does not typically have "major customers" in the traditional sense of a supplier-client relationship where a few large companies account for a significant portion of its revenue. Banks provide financial services to a broad base of individuals and businesses, and client confidentiality prevents the disclosure of specific customer names.

Therefore, SBCF primarily serves a diverse range of individuals and businesses rather than selling primarily to a few named companies. Its customer base can be broadly categorized as follows:

• Consumer Banking Customers: This category includes individuals and families who utilize a range of personal banking services such as checking accounts, savings accounts, mortgages, home equity lines of credit, personal loans, and other consumer lending products.
• Commercial Banking Customers: This category encompasses small to medium-sized businesses and larger corporate clients. These customers typically use services like business checking and savings accounts, commercial loans, lines of credit, treasury management services, merchant services, and other business financing solutions.
• Wealth Management & Trust Services Customers: This segment includes high-net-worth individuals, families, and institutional clients seeking investment management, financial planning, trust and estate planning, and private banking services.

• Fiserv (FI)
• Visa Inc. (V)
• Mastercard Incorporated (MA)

Charles "Chuck" M. Shaffer, Chairman and Chief Executive Officer

Mr. Shaffer joined Seacoast in 1997, becoming President and Chief Executive Officer in January 2021, and Chairman in February 2022. His prior roles at Seacoast include Chief Operating Officer from May 2019 to January 2021, Executive Vice President and Chief Financial Officer from January 2017 to May 2019, leader of the Community Banking Group from October 2013, and Senior Vice President and Controller from 2005 to 2013. He has been instrumental in modernizing Seacoast's strategies across retail, digital, wealth management, and mergers and acquisitions. Mr. Shaffer serves on the board of directors for Armellini Express Lines, a private logistics company, the Florida Bankers Association, and the United Way of Martin County. He previously served on the board of BancServ, Inc., which was acquired by SB Financial Group, Inc. in 2002. He holds an MBA from the University of Central Florida, and bachelor's degrees from Florida State University and Florida Atlantic University, and is a Certified Public Accountant.

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

Ms. Dexter has served as Executive Vice President and Chief Financial Officer of Seacoast since 2020. Prior to this role, she was the Controller at Seacoast from 2017 to June 2020. Before joining Seacoast, she held various positions at PwC.

James Stallings, Executive Vice President, Chief Credit Officer

Mr. Stallings joined Seacoast in March 2022 as Executive Vice President, Chief Credit Officer, where he is responsible for loan portfolio objectives, credit analysis, and policy development. He began his banking career in 1998 at BB&T as a Management Associate and Credit Analyst, progressing to Senior Credit Executive, overseeing a significant portfolio and team.

Jeff Semonovich, Chief Information Officer

Mr. Semonovich joined Seacoast in 2024 as Chief Information Officer. He is an experienced technology executive with over 30 years of experience in leading technology and operations. Before Seacoast, he served as Chief Information Officer for Western Alliance Bank, where he managed technology infrastructure, innovation, digital transformation, and cybersecurity. His background also includes leading technology efforts in the property and casualty insurance, healthcare, and engineering consulting industries.

Mike Sonego, Executive Vice President, Community Banking and Residential Lending Executive

Mr. Sonego serves as the Executive Vice President, Community Banking and Residential Lending Executive at Seacoast.

The accelerating emergence and expansion of technology-driven financial service providers (fintechs) and neobanks. These entities offer alternative banking solutions – from deposits and payments to lending and wealth management – leveraging advanced digital platforms to provide superior user experience, often with lower fees and greater convenience. This directly competes for customers and market share against Seacoast Banking of Florida's traditional branch-based model, particularly among younger demographics and businesses prioritizing digital engagement.

Seacoast Banking of Florida (SBCF) primarily offers community banking services, including deposit accounts, commercial and consumer loans, wealth management, and mortgage banking, with its market presence predominantly concentrated in Florida.

Addressable Market Sizes in Florida:

• Commercial Banking: The market size for the Commercial Banking industry in Florida is projected to be $65.5 billion in 2025.
• Total Deposits: The total deposits across all banks operating in Florida amounted to $831 billion as of the second quarter of 2024.
• New Home Loans (Mortgage Services): New home loans booked in Florida totaled $87.1 billion in 2024.
• Small Business Loans: Small business loans in Florida totaled $52.9 billion.
• Digital Lending (includes personal and SME-focused loans): The Florida digital lending market size is estimated to grow from $5.2 billion in 2021 to $18.1 billion by 2030, with a compound annual growth rate (CAGR) of 16.9% from 2022 to 2030. Personal loans represented the largest market share (50.1%) within this segment in 2021.

Market Sizes for which Florida-specific data is unavailable:

• Wealth Management: null
• Treasury Management: null

Seacoast Banking of Florida (SBCF) is expected to drive future revenue growth over the next 2-3 years through several key strategies:

1. Strategic Acquisitions and Market Expansion: Seacoast Banking of Florida has been actively pursuing strategic acquisitions, such as Heartland Bancshares and Villages Bancorporation, Inc., to significantly expand its market presence and customer base across Florida. This includes growth in affluent and growing areas like The Villages in central Florida, as well as an expanded commercial footprint into North Florida and potentially Atlanta.
2. Strong Organic Loan and Deposit Growth: The company consistently reports robust organic growth in both loans and deposits. Management anticipates high single-digit organic loan growth supported by a strong pipeline and disciplined credit practices. This fundamental banking activity is a primary driver of revenue.
3. Net Interest Margin (NIM) Expansion: Seacoast Banking expects continued expansion of its net interest margin, which directly contributes to its net interest income. Improvements in managing funding costs and strategic asset allocation are key factors in this expansion, with the company anticipating the core net interest margin to reach approximately 3.45% by year-end, inclusive of recent acquisitions.
4. Investments in Technology and Digital Banking Solutions: The company is making ongoing investments in technology, particularly in treasury and small business solutions, and enhancing its digital banking offerings. These investments are crucial for attracting tech-savvy customers, improving customer retention, and driving future revenue by expanding service capabilities and operational efficiencies.
5. Growth in Non-Interest Income, including Wealth Management: Seacoast Banking aims to diversify its revenue streams through the expansion of non-interest income. Recent reports highlight strong performance in wealth management, indicating a focus on growing these services to contribute to overall revenue growth.

Share Repurchases

• On December 19, 2024, Seacoast Banking Corporation of Florida renewed its share repurchase program, authorizing the repurchase of up to $100 million of its common stock by December 31, 2025. This represents approximately 4% of the company's outstanding common stock.
• The Board of Directors adopted a share repurchase program on December 17, 2020, authorizing the repurchase of up to $100 million of common stock, which was set to expire on December 31, 2021. This represented approximately 6.1% of the company's outstanding common stock as of December 16, 2020.
• As of February 26, 2021, the company had made no repurchases under the 2020 program.

Share Issuance

• In connection with the acquisition of Villages Bancorporation, Inc., completed on October 1, 2025, Seacoast issued common stock and Series A Non-Voting Preferred Stock as part of the approximately $829 million total consideration. Non-voting convertible preferred stock was issued in lieu of common shares if any shareholder group would have received more than 9.75% of cumulative outstanding Seacoast common stock.
• The acquisition of Heartland Bancshares, Inc., completed on July 11, 2025, was for approximately $111.2 million in a cash and stock transaction.
• In August 2021, Seacoast acquired Sabal Palm Bancorp, Inc. and Business Bank of Florida, Corp., with shareholders receiving Seacoast common stock. The Business Bank of Florida transaction was valued at approximately $28.4 million.

Outbound Investments

• Seacoast completed the acquisition of Villages Bancorporation, Inc. on October 1, 2025, for a final consideration of approximately $829 million. This transaction added approximately $4.1 billion in assets, $3.5 billion in deposits, and $1.3 billion in loans (as of March 31, 2025).
• On July 11, 2025, Seacoast completed the acquisition of Heartland Bancshares, Inc. for approximately $111.2 million in a cash and stock transaction, adding approximately $824 million in assets and over $700 million in deposits.
• In August 2021, Seacoast acquired Sabal Palm Bancorp, Inc. and Business Bank of Florida, Corp. These two transactions combined added approximately $600 million in assets, deepening Seacoast's presence in Brevard County and providing entry into the Sarasota market.

Capital Expenditures

• Seacoast Banking of Florida's capital expenditures (in millions of USD) were $1.59 in 2020, $4.33 in 2021, $13 in 2022, $10 in 2023, and $4.03 in 2024.
• The company emphasizes ongoing investments in technology and talent to drive future performance, expand its commercial footprint across Florida, and enter new markets like Atlanta.