SEACOAST BANKING CORP OF FLORIDA Business Summary

Seacoast Banking Corporation of Florida (SBCF) operates as the holding company for Seacoast National Bank, a premier Florida-centric financial institution with approximately $21 billion in assets as of early 2026. The company generates revenue primarily through net interest income derived from a diverse portfolio of commercial, real estate, and consumer loans, complemented by a rapidly expanding non-interest income stream from wealth management, mortgage banking, and treasury services. Following the transformative late-2025 acquisition of Villages Bancorporation, Seacoast has significantly scaled its footprint into North Central Florida, leveraging a massive influx of low-cost deposits to fund high-yield organic loan growth. SBCF competes directly with regional players such as SouthState Corporation, BankUnited, and Ameris Bancorp. Within this landscape, Seacoast occupies a unique market position as a high-scale community bank that combines localized relationship banking with sophisticated digital infrastructure, specifically targeting affluent retirees and small-to-mid-sized businesses in Florida’s fastest-growing metropolitan corridors. The leadership team is spearheaded by Charles "Chuck" M. Shaffer, who serves as Chairman and CEO; a 20-year veteran of the firm, Shaffer previously served as COO and CFO and holds an MBA from the University of Central Florida. He is supported by Tracey L. Dexter, Executive Vice President and CFO, who joined in 2017 following a 12-year tenure in PwC’s Banking and Capital Markets practice, and Joseph M. Forlenza, Executive Vice President and Chief Risk Officer. The bank maintains deep historical roots, having been founded in 1926 by the Hudson family in Stuart, Florida, with former CEO Dennis S. Hudson III continuing to provide institutional continuity on the Board of Directors. Seacoast is backed by a robust base of institutional investors, including BlackRock, Vanguard, and State Street, reflecting market confidence in its disciplined M&A strategy and its ability to maintain a "fortress balance sheet" with a Tier 1 capital ratio exceeding 14%.