8-K

8-K – page 1 of 6

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported)           July 23, 2015     

SEACOAST BANKING CORPORATION OF FLORIDA

(Exact Name of Registrant as Specified in Charter)

Florida	0-13660	59-2260678
(State or Other Jurisdiction of Incorporation)	(Commission File Number	(IRS Employer Identification No.)

815 Colorado Avenue, Stuart, FL	34994
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code     (772) 287-4000      

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.)

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

8-K – page 2 of 6

SEACOAST BANKING CORPORATION OF FLORIDA

Item 2.02 Results of Operations and Financial Condition

On July 23, 2015, the Seacoast Banking Corporation of Florida (“Seacoast” or the “Company”) announced its financial results for the second quarter ended June 30, 2015.

A copy of the press release announcing Seacoast’s results for the second quarter ended June 30, 2015 is attached hereto as Exhibit 99.1 and incorporated herein by reference.

Item 7.01 Regulation FD Disclosure

On July 24, 2015, Seacoast held an investor conference call to discuss its financial results for the second quarter ended June 30, 2015. A transcript of this conference call is attached hereto as Exhibit 99.2 and incorporated herein by reference. Also attached as Exhibit 99.3 are charts (available on the Company’s website at www.seacoastbanking.com) containing information used in the conference call and incorporated herein by reference. All information included in the transcript and the charts is presented as of June 30, 2015, and the Company does not assume any obligation to correct or update said information in the future.

The information in Items 2.02 and 7.01, as well as Exhibits 99.1, 99.2 and 99.3, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933.

8-K – page 3 of 6

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit No.	Description
99.1	Press Release dated July 23, 2015 with respect to Seacoast’s financial results for the second quarter ended June 30, 2015
99.2	Transcript of Seacoast’s investor conference call held on July 24, 2015 to discuss the Company’s financial results for the second quarter ended June 30, 2015
99.3	Data on website containing information used in the conference call held on July 24, 2015

Exhibits 99.1, 99.2 and 99.3 referenced herein contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including, without limitation, statements about future financial and operating results, ability to realized deferred tax assets, cost savings, enhanced revenues, economic and seasonal conditions in our markets, and improvements to reported earnings that may be realized from cost controls and for integration of banks that we have acquired, as well as statements with respect to Seacoast’s objectives, expectations and intentions and other statements that are not historical facts. Actual results may differ from those set forth in the forward-looking statements.

Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, estimates and intentions, and involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause the actual results, performance or achievements of Seacoast to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. You should not expect us to update any forward-looking statements.

8-K – page 4 of 6

You can identify these forward-looking statements through our use of words such as “may,” “will,” “anticipate,” “assume,” “should,” “support”, “indicate,” “would,” “believe,” “contemplate,” “expect,” “estimate,” “continue,” “further”, “point to,” “project,” “could,” “intend” or other similar words and expressions of the future. These forward-looking statements may not be realized due to a variety of factors, including, without limitation: the effects of future economic and market conditions, including seasonality; governmental monetary and fiscal policies, as well as legislative, tax and regulatory changes; changes in accounting policies, rules and practices; the risks of changes in interest rates on the level and composition of deposits, loan demand, liquidity and the values of loan collateral, securities, and interest sensitive assets and liabilities; interest rate risks, sensitivities and the shape of the yield curve; the effects of competition from other commercial banks, thrifts, mortgage banking firms, consumer finance companies, credit unions, securities brokerage firms, insurance companies, money market and other mutual funds and other financial institutions operating in our market areas and elsewhere, including institutions operating regionally, nationally and internationally, together with such competitors offering banking products and services by mail, telephone, computer and the Internet; and the failure of assumptions underlying the establishment of reserves for possible loan losses. The risks of mergers and acquisitions, include, without limitation: unexpected transaction costs, including the costs of integrating operations; the risks that the businesses will not be integrated successfully or that such integration may be more difficult, time-consuming or costly than expected; the potential failure to fully or timely realize expected revenues and revenue synergies, including as the result of revenues following the merger being lower than expected; the risk of deposit and customer attrition; any changes in deposit mix; unexpected operating and other costs, which may differ or change from expectations; the risks of customer and employee loss and business disruption, including, without limitation, as the result of difficulties in maintaining relationships with employees; increased competitive pressures and solicitations of customers by competitors; as well as the difficulties and risks inherent with entering new markets.

All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties described in our annual report on Form 10-K for the year ended December 31, 2014 under “Special Cautionary Notice Regarding Forward-Looking Statements” and “Risk Factors”, and otherwise in our SEC reports and filings. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC’s Internet website at http://www.sec.gov.

8-K – page 5 of 6

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

SEACOAST BANKING CORPORATION OF FLORIDA

(Registrant)

Date:  July 28, 2015	By:	/s/ Dennis S. Hudson, III
		Dennis S. Hudson, III
		Chairman and Chief Executive Officer

8-K – page 6 of 6

EXHIBIT INDEX

Exhibit No.	Description
99.1	Press Release dated July 23, 2015 with respect to Seacoast’s financial results for the second quarter ended June 30, 2015
99.2	Transcript of Seacoast’s investor conference call held on July 24, 2015 to discuss the Company’s financial results for the second quarter ended June 30, 2015
99.3	Data on website containing information used in the conference call held on July 24, 2015

EX-99.1

EXHIBIT 99.1

To Form 8-K dated July 23, 2015

NEWS RELEASE

SEACOAST BANKING CORPORATION OF FLORIDA

CONTACT:

Stephen Fowle, EVP and CFO

(772) 463-8977

steve.fowle@seacoastbank.com

Seacoast Q2 Net Income Rises More Than 200% Year-over-Year to $5.8 Million, or $0.18 per Share

Favorable Results Reflect Continued Revenue Growth from Accelerate Commercial Banking and Expanded Customer Acquisition, Cross-Selling and Efficiency Initiatives

Second Quarter 2015 Earnings Highlights

· Revenues increased $1.5 million, or 4.5%, linked quarter to $34.5 million, and $11.9 million, or 53%, compared to Q2 2014,

· Fee income increased $1.5 million, or 21%, sequentially and $3.0 million, or 50%, year-over-year,

· Net interest margin increased 40 basis points year-over-year to 3.50%, reflecting improved balance sheet mix particularly due to increased lending,

· Adjusted net income excluding merger costs and other adjustments¹ increased 106% to $6.2 million, or $ 0.19 per diluted share, compared to $3.0 million, or $0.12 per diluted share, in Q2 2014.

Second Quarter 2015 Growth Highlights

· Loans increased $83 million or 18% annualized compared to Q1 2015, and rose 45% year-over-year. Excluding the acquisition of The BANKshares, loans increased $238 million or 18% compared to Q2 2014,

· Total households increased a strong 5%, annualized from Q1 and 20% compared to Q2 2014. Excluding BANKshares customers, year-over-year household growth was 5.3%,

¹ Non-GAAP measure, see “Explanation of Certain Unaudited Non-GAAP Financial Measures”

· Achieved record levels of business and consumer lending during the quarter, reflecting success in Accelerate Commercial Banking, as well as digitally-enabled marketing and cross-selling initiatives.

· Closed the Grand Bancshares, Inc. acquisition and completed the conversion of Grand’s customers over the July 17 weekend, adding approximately $190 million in deposits and $121 million in gross loans in the attractive Palm Beach market.

STUART, Fla., July 23, 2015 /PRNewswire/ — Seacoast Banking Corporation of Florida (NASDAQ: SBCF) today reported results for the second quarter of 2015. Second quarter revenue rose $1.5 million, or 4.5%, to $34.5 million compared to $33.0 million in the prior quarter. Net income increased $3.9 million, or 203%, to $5.8 million, compared to the second quarter of 2014, and decreased slightly from $5.9 million in the first quarter 2015. The company reported $0.18 diluted net income per common share compared with $0.07 in the second quarter last year, and $0.18 sequentially in the first quarter of 2015.

Net income improved 177% to $11.7 million, or $0.35 per diluted common share, for the first half of 2015 from $4.2 million, or $0.16 per diluted common share, for the first half of 2014.

“Our strategic focus on improving profitability, investing for growth and managing risk continues to yield consistent results, as demonstrated by our second quarter performance,” said Dennis S. Hudson, III, Chairman and CEO. “Investments to expand our Accelerate business banking platform, combined with increased digital marketing and cross sell efforts company-wide, are yielding strong results that demonstrate our value proposition and community bank approach are resonating in the marketplace.”

“With our success comes additional expense, reflecting our growth and investment for the future,” Hudson continued. “These expenses include the addition of a receivables funding team from First Growth Capital (FGC), volume-related commissions, brand-based marketing in our Orlando markets and key senior management hires.”

“We look forward to sustained growth as we leverage our recent acquisitions, most recently welcoming the customers and customer-serving associates from Grand Bancshares, Inc., which we successfully closed and integrated last week,” Hudson concluded.

“Revenue increases drove the improvement in Seacoast’s profitability and reflect significant organic growth, as well as benefits from acquisition activity,” said Stephen A. Fowle, Executive Vice President and Chief Financial Officer. “We continue to produce positive trends in loan production, fee income, and household growth, including record loan originations and record new household growth through the first half of the year.  During the quarter, we achieved outsized loan growth and strong fee income increases despite a seasonally slow quarter. Net interest income, taking into consideration an expected decrease in acquired loan accretion, also showed significant continued momentum.”

FINANCIAL HIGHLIGHTS (Dollars in thousands except per share data)	2Q15			1Q15			4Q14			3Q14			2Q14
Total Assets	$	3,233,588		$	3,231,956		$	3,093,335		$	2,361,813		$	2,294,156
Loans		1,937,399			1,854,487			1,821,885			1,391,082			1,335,192
Deposits		2,605,177			2,609,825			2,416,534			1,808,550			1,805,537
Net Income (Loss) Available to Common  Shareholders		5,805			5,859			(1,517	)		2,996			1,918
Diluted Earnings Per Share		0.18			0.18			(0.05	)		0.12			0.07
Return on Average Assets		0.72	%		0.75	%		(0.20	%)		0.52	%		0.33	%
Net Interest Margin		3.50			3.62			3.56			3.17			3.10
Efficiency Ratio		68.6			68.3			104.5			82.8			89.4
Pretax, Pre-provision Income (1)	$	10,224		$	9,832		($	2,029	)	$	3,832		$	1,938
Average Diluted Shares Outstanding (000)		33,234			33,136			33,124			26,026			25,998
Adjusted Net Income (1)	$	6,172		$	6,177		$	4,179		$	3,286		$	2,990
Adjusted Diluted Earnings Per Share (1)		0.19			0.19			0.13			0.13			0.12
Adjusted Return on Average Assets (1)		0.77	%		0.79	%		0.55	%		0.57	%		0.52	%
Adjusted Efficiency Ratio (1)		67.5			67.5			74.8			79.6			82.0
Adjusted Pretax, Pre-provision Income (1)	$	10,815		$	10,342		$	7,464		$	4,341		$	3,821
Annualized Adjusted Core Operating Expenses as a Percent of Average Assets (1)		2.91	%		2.88	%		3.13	%		3.21	%		3.24	%

Acquisitions Update

“Our 2014 acquisition of The BANKshares, continues to be a home run, opening the vibrant greater Orlando markets to us,” said Hudson. “Orlando remains one of the strongest markets in Florida, and we remain bullish on this area for growth and profitability.”

“We are also excited to welcome the customers and customer-service team members from Grand Bancshares, Inc., which we successfully closed and integrated into our platform just last week,” Hudson continued. “Our acquisition strategy is complementing our legacy banking business and is successfully adding new customers and opening new markets, fueling robust franchise growth.”

Florida Economic Update

“Our Florida markets, spanning much of the central Atlantic coastline and the greater Orlando markets, are growing at very healthy rates,” said Hudson. According to the June 2015 American Banker Magazine, “Florida is once again outgrowing the rest of the country, and some of its thriving community banks are emerging as real contenders to be the next state flagship.”

“Nonfarm employment rose on a year-over-year basis in 23 of Florida’s 24 metropolitan areas and was unchanged in one area, Homosassa Springs. The largest gains continue to be in the Orlando (47,200 new jobs), Tampa-St Petersburg (32,900 jobs) and Miami (27,900 jobs) metropolitan areas. Fort Lauderdale (27,300 jobs), West Palm Beach (15,900 jobs) and Jacksonville (15,100 jobs) round out Florida’s big 6 metro areas,” according to the U.S. Department of Labor and Wells Fargo Securities, LLC.

“Our move into Orlando is going very well, and is providing excellent opportunities for growth,” Hudson continued. According to the Orlando Business Journal, “It was another record quarter for Florida tourism numbers, as the Sunshine State welcomed 28.4 million visitors in the first quarter, an increase of 6.2% over the same period a year ago. (May 15, 2015) “Visit Orlando reports that more than 62 million people visited Orlando in 2014, marking an all-time new record for the U.S. travel industry.” (April 9, 2015) As an additional indication of the Orlando market growth, Orlando Realtors.org reported, “A leap in "normal" transactions has boosted Orlando area home sales more than 21% over June 2014 and to its highest number —3,435— since the Orlando Regional REALTOR® Association began recording sales. In addition to skyrocketing sales, the median price for existing homes sold in June increased 7.73%.”

Income Statement Highlights

Net Interest Income and Margin, up 40 basis points from 2Q14, Normalizes as Expected from the First Quarter

Net interest income for the quarter totaled $25.8 million, a $9.0 million or 54% increase from second quarter 2014 levels. Net interest income held flat with Q1 levels despite a significant amount of excess purchase loan accretion recognized in the first quarter. Strong loan growth (a $55.0 million average balance increase) helped offset the impact of reduced purchased loan accretion. Net interest margin increased 40 basis points from prior year levels to 3.50%. Margin decreased twelve basis points sequentially, also related to purchased loan accretion. Purchased loan accretion for the second quarter is near expected levels, although the timing of such loan accretion is expected to be unpredictable.

Noninterest Income Boosted by New Account Growth

Noninterest income increased $3.0 million or 50% from a year ago to $8.8 million and $1.5 million or 21% above the first quarter of 2015. Year-over-year growth in all categories of service fee income reflects strength in customer acquisition and cross sell, as well as benefits of the successful BANKshares customer integration. Linked-quarter noninterest income improvement was fueled by continued household growth. Service charges on deposit accounts increased $113,000 and interchange income grew $296,000 from the first quarter of 2015. Marine finance fees also grew $295,000 or 150% from the first quarter. Adjusting for the gain on a participated loan of $725,000 during the quarter, fee income increased $813,000 or 11%. Accounting treatment for $725,000 of discount accreted from the participated loan required this income to be included in other operating income rather than taken through the margin.

Noninterest Expense Increases from Core Growth and Acquisition

Seacoast’s efficiency ratio improved to 68.6% in the second quarter of 2015 from 89.4% during the prior year. This decrease is related to improved operating leverage, as strong revenue growth significantly outpaced expenses.

Noninterest expense increased $3.6 million or 17% from prior year levels and $1.1 million or 5% from the first quarter 2015. Year-over-year expense increases reflect the acquisition of The BANKshares, offset by planned expense reduction initiatives. Linked quarter increases reflect investment in our franchise, and variable expenses related to a strong quarter of production. Notable increases include: the acquisition of FGC during the second quarter 2015 which contributed approximately $351,000 in expense; production-driven commission expense which added approximately $375,000; marketing expense focused on customer acquisition and for corporate branding in BANKshare’s Orlando footprint which contributed $250,000 to the increase.

Merger related expenses totaled $337,000 in the second quarter 2015 compared to $275,000 in the first quarter of 2015 and $1.2 million in the second quarter 2014.

Balance Sheet Highlights

Year-over-Year Deposit Growth Reflects Marketing Wins and Successful Acquisitions

Total deposits increased 44.3% to $2.61 billion at June 30, 2015, from year ago levels. Core customer funding increased to $2.47 billion at June 30, 2015, a $781.0 million increase from the second quarter of 2014. Noninterest demand deposits grew $15.1 million, or 1.9% from the first quarter and $298.6 million or 58.6% from the second quarter of 2014. As a result, noninterest demand deposits increased to 31.0% of total deposits, up from 28.2% one year ago. Excluding the acquisition, core customer funding increased by $333.6 million or 19.8% from one year ago and total deposits increased $283.3 million or 15.7% from one year ago. A 5% linked quarter household growth rate was offset by seasonal deposit balance decreases.

(Dollars in thousands)	Second Quarter 2015			First Quarter 2015			Fourth Quarter 2014			Third Quarter 2014			Second Quarter 2014
Customer Relationship Funding
Noninterest demand	$	808,429		$	793,336		$	725,238		$	522,001		$	509,798
Interest-bearing demand		599,268			634,854			652,353			479,827			493,927
Money market		621,973			596,600			450,172			344,726			335,246
Savings		282,588			272,963			264,738			215,076			208,333
Time certificates of deposit		292,919			312,072			324,033			246,920			258,233
Total deposits		2,605,177			2,609,825			2,416,534			1,808,550			1,805,537
Customer sweep accounts		157,676			170,023			153,640			124,436			141,662
Total core customer funding (1)		2,469,934			2,467,776			2,246,141			1,686,066			1,688,966
Demand deposit mix (noninterest bearing)		31.0	%		30.4	%		30.0	%		28.9	%		28.2	%

(1) Total deposits and customer sweep accounts, excluding time certificates of deposit.

Loan Growth and Pipelines at Trailing-Four-Quarter Highs

Total loans were $1.94 billion at June 30, 2015, up $602.2 million from a year ago. Excluding loans acquired in the BANKshares transaction, loans increased $237.9 million or 17.8% from the prior year’s second quarter.

Commercial loan originations for the quarter were a strong $85.8 million, increasing $24.5 million or 39.9% over the first quarter and $32.6 million or 61.2% over the second quarter 2014. The commercial pipeline (in underwriting and approval or approved and not yet closed) totaled $108.5 million at June 30, 2015, yet again the highest in the trailing four quarters.

Closed residential production totaled $81.8 million compared to $55.8 million in the first quarter and $61.2 million in the second quarter of 2014. The residential pipeline continued to climb, totaling $53.9 million at June 30, 2015 compared to $48.5 million at March 31, 2014 and $28.3 million one year ago. Consumer loan and small business originations (inclusive of lines of credit) totaled $55.3 million in the second quarter of 2015 compared to $38.9 in the first quarter and $18.0 million one year ago.

(Dollars in thousands)	2Q 15		1Q15		4Q14		3Q14		2Q14
Commercial pipeline	$	108,538	$	82,143	$	60,136	$	45,534	$	58,168
Commercial loans closed		85,815		61,357		94,719		72,630		53,250
Total Commercial loan originations and pipeline	$	194,353	$	143,500	$	154,855	$	118,164	$	111,418
Residential pipeline	$	53,902	$	48,485	$	21,351	$	22,588	$	28,345
Residential loans retained		45,596		23,951		31,598		31,781		33,203
Residential loans sold		36,182		31,896		26,336		34,228		27,994
Total Residential loan originations and pipeline	$	135,680	$	104,332	$	79,285	$	88,597	$	89,542

Other Highlights

Credit Quality Maintains Strong Trends

The provision for loan losses increased to $855,000 for the second quarter of 2015, up from a $1.4 million recapture in the second quarter 2014 and a $422,000 or 97% increase from $433,000 recorded in the first quarter 2015. The second quarter provision is attributable to strong loan growth during the quarter. The allowance for loan losses for non-acquired loans was 1.10% of total loans, compared to 1.13% in the first quarter 2015.

Additional highlights include:

· Nonperforming loans to total loans outstanding at the end of the second quarter was 1.0%, down from 1.6% at June 30, 2014;

· Nonperforming assets to total assets declined to 0.8%, compared to 1.2% a year ago.

Capital Ratios Continue to Improve from Earnings Momentum

Tangible book value and book value per share each increased by $0.13 per share from the prior quarter to $8.87 and $9.84, respectively at the end of the second quarter. Average tangible common equity to assets was a strong 9.24% for the second quarter 2015.

Conference Call Information

Seacoast will host a conference call on Friday, July 24, 2015 at 1:00 p.m. (Eastern Time) to discuss the earnings results. Investors may call in (toll-free) by dialing (888) 517-2513 (passcode: 7789246; host: Dennis S. Hudson). Slides will be used during the conference call and may be accessed at Seacoast's website at SeacoastBanking.com by selecting "Presentations" under the heading "Investor Services." A replay of the call will be available for one month, beginning late afternoon of July 24, by dialing (888) 843-7419 (domestic), using the passcode 7789246.

Alternatively, individuals may listen to the live webcast of the presentation by visiting Seacoast's website at SeacoastBanking.com. The link is located in the subsection "Presentations" under the heading "Investor Services." Beginning the afternoon of July 24, an archived version of the webcast can be accessed from this same subsection of the website. The archived webcast will be available for one year.

About Seacoast Banking Corporation of Florida (NASDAQ: SBCF)

Seacoast Banking Corporation of Florida is one of the largest community banks headquartered in Florida with approximately $3.2 billion in assets and $2.6 billion in deposits as of June 30, 2015. The Company provides integrated financial services including commercial and retail banking, wealth management, and mortgage services to customers through advanced banking solutions, 44 traditional branches of its locally-branded wholly-owned subsidiary bank, Seacoast Bank, and five commercial banking centers. Offices stretch from Ft. Lauderdale, Boca Raton and West Palm Beach north through the Space Coast of Florida, into Orlando and Central Florida, and west to Okeechobee and surrounding counties. More information about the Company is available at SeacoastBanking.com.

Sources:

http://www.americanbanker.com/magazine/2015-06-01-1074530-1.html

https://www08.wellsfargomedia.com/downloads/pdf/com/insights/economics/regional-reports/FL_Employment_07172015.pdf

http://www.floridatoday.com/story/news/local/2015/05/15/record-tourism-numbers-sunshine-state/27367565/

http://www.bizjournals.com/orlando/blog/2015/04/orlando-becomes-first-destination-to-surpass-60m.html

http://www.orlandorealtors.org/resource/resmgr/docs_market_pulse/MarketPulse072015.html

Cautionary Notice Regarding Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including, without limitation, statements about future financial and operating results, ability to realized deferred tax assets, cost savings, enhanced revenues, economic and seasonal conditions in our markets, and improvements to reported earnings that may be realized from cost controls and for integration of banks that we have acquired, as well as statements with respect to Seacoast's objectives, expectations and intentions and other statements that are not historical facts. Actual results may differ from those set forth in the forward-looking statements.

Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, estimates and intentions, and involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause the actual results, performance or achievements of Seacoast to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. You should not expect us to update any forward-looking statements.

You can identify these forward-looking statements through our use of words such as "may," "will," "anticipate," "assume," "should," "support", "indicate," "would," "believe," "contemplate," "expect," "estimate," "continue," "further", "point to," "project," "could," "intend" or other similar words and expressions of the future. These forward-looking statements may not be realized due to a variety of factors, including, without limitation: the effects of future economic and market conditions, including seasonality; governmental monetary and fiscal policies, as well as legislative, tax and regulatory changes; changes in accounting policies, rules and practices; the risks of changes in interest rates on the level and composition of deposits, loan demand, liquidity and the values of loan collateral, securities, and interest sensitive assets and liabilities; interest rate risks, sensitivities and the shape of the yield curve; the effects of competition from other commercial banks, thrifts, mortgage banking firms, consumer finance companies, credit unions, securities brokerage firms, insurance companies, money market and other mutual funds and other financial institutions operating in our market areas and elsewhere, including institutions operating regionally, nationally and internationally, together with such competitors offering banking products and services by mail, telephone, computer and the Internet; and the failure of assumptions underlying the establishment of reserves for possible loan losses. The risks of mergers and acquisitions, include, without limitation: unexpected transaction costs, including the costs of integrating operations; the risks that the businesses will not be integrated successfully or that such integration may be more difficult, time-consuming or costly than expected; the potential failure to fully or timely realize expected revenues and revenue synergies, including as the result of revenues following the merger being lower than expected; the risk of deposit and customer attrition; any changes in deposit mix; unexpected operating and other costs, which may differ or change from expectations; the risks of customer and employee loss and business disruption, including, without limitation, as the result of difficulties in maintaining relationships with employees; increased competitive pressures and solicitations of customers by competitors; as well as the difficulties and risks inherent with entering new markets.

All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties described in our annual report on Form 10-K for the year ended December 31, 2014, under "Special Cautionary Notice Regarding Forward-looking Statements" and "Risk Factors", and otherwise in our SEC reports and filings. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC's Internet website at http://www.sec.gov.

Explanation of Certain Unaudited Non-GAAP Financial Measures

This press release contains financial information determined by methods other than Generally Accepted Accounting Principles ("GAAP"). The financial highlights provide reconciliations between GAAP net income and adjusted net income, GAAP income and adjusted pretax, pre-provision income. Management uses these non-GAAP financial measures in its analysis of the Company's performance and believes these presentations provide useful supplemental information, and a clearer understanding of the Company's performance. The Company believes the non-GAAP measures enhance investors' understanding of the Company's business and performance. These measures are also useful in understanding performance trends and facilitate comparisons with the performance of other financial institutions. The limitations associated with operating measures are the risk that persons might disagree as to the appropriateness of items comprising these measures and that different companies might calculate these measures differently. The Company provides reconciliations between GAAP and these non-GAAP measures. These disclosures should not be considered an alternative to GAAP.

To better evaluate its earnings, the Company removes certain items to arrive at djusted net income, Adjusted pretax, pre-provision income and Adjusted diluted earnings per share (non-GAAP measures) as detailed in the table below:

(Dollars in thousands except per share data)	Second Quarter 2015			First Quarter 2015			Fourth Quarter 2014			Third Quarter 2014			Second Quarter 2014
Net income	$	5,805		$	5,859		($	1,517	)	$	2,996		$	1,918
Severance		29			12			478			328			181
Merger related charges		337			275			2,722			399			1,234
Branch closure charges and costs related to expense initiatives		0			0			4,261			68			114
Marketing and brand refresh expense		0			0			697			0			0
Stock compensation expense and other incentive costs related to improved outlook		0			0			1,213			0			0
Security (gains)		0			0			(108	)		(344	)		0
Miscellaneous losses (gains)		0			0			119			(45	)		144
Recovery of nonaccrual loan interest		0			0			0			(192	)		0
Net loss on OREO and repossessed assets		53			81			9			156			92
Asset dispositions expense		173			143			103			139			118
Effective tax rate on adjustments		(225	)		(193	)		(3,798	)		(219	)		(811	)
Adjusted Net Income (1)		6,172			6,177			4,179			3,286			2,990
Provision (recapture) for loan losses		855			433			118			(1,425	)		(1,444	)
Income taxes		3,788			3,732			3,167			2,480			2,275
Adjusted pretax, pre-provision income (1)	$	10,815		$	10,342		$	7,464		$	4,341		$	3,821
Adjusted earnings per diluted share (1)	$	0.19		$	0.19		$	0.13		$	0.13		$	0.12
Average shares outstanding (000)		33,234			33,136			33,124			26,026			25,998

(1) Non-GAAP measure

FINANCIAL  HIGHLIGHTS	(Unaudited)	07/28/15
SEACOAST  BANKING  CORPORATION  OF  FLORIDA  AND  SUBSIDIARIES
(Dollars in thousands, except share data)

	Three Months Ended									Six Months Ended
	June 30,			March 31,			June 30,			June 30,			June 30,
	2015			2015			2014			2015			2014
Summary of Earnings
Net income (loss)	$	5,805		$	5,859		$	1,918		$	11,664		$	4,217
Net interest income  (1)		25,788			25,834			16,779			51,622			33,056
Net interest margin  (1), (2)		3.50			3.62			3.10			3.56			3.09
														.
Performance Ratios
Return on average assets-GAAP basis (2), (3)		0.72	%		0.75	%		0.33	%		0.74	%		0.37	%
Return on average shareholders' equity-GAAP basis (2), (3)		7.13			7.42			3.25			7.27			3.63
Return on average tangible shareholders' equity-GAAP basis (2), (3), (4)		8.20			8.51			3.47			8.35			3.86
Efficiency ratio (5)		68.57			68.33			89.42			68.45			86.91
Noninterest income to total revenue		25.63			22.13			26.06			23.92			25.80
Per Share Data
Net income (loss) diluted-GAAP basis	$	0.18		$	0.18		$	0.07		$	0.35		$	0.16
Net income (loss) basic-GAAP basis		0.18			0.18			0.07			0.35			0.16
Book value per share common		9.84			9.71			9.02			9.84			9.02
Tangible book value per share		8.87			8.74			9.00			8.87			9.00
Cash dividends declared		0.00			0.00			0.00			0.00			0.00

(1) Calculated on a fully taxable equivalent basis using amortized cost.

(2) These ratios are stated on an annualized basis and are not necessarily indicative of future periods.

(3) The calculation of ROA and ROE do not include the mark-to-market unrealized gains (losses) because the unrealized gains (losses) are not included in net income (loss).

(4) The Company defines tangible common equity as total shareholder's equity less intangible assets.

(5) Defined as (noninterest expense less foreclosed property expense and amortization of intangibles) divided by net operating revenue (net interest income on a fully taxable equivalent basis plus noninterest income excluding securities gains).

FINANCIAL  HIGHLIGHTS

SEACOAST  BANKING  CORPORATION  OF  FLORIDA  AND  SUBSIDIARIES

	June 30,			March 31,			June 30,
(Dollars in thousands, except share data)	2015			2015			2014
Selected Financial Data
Total assets	$	3,233,588		$	3,231,956		$	2,294,156
Securities available for sale (at fair value)		762,086			730,232			518,353
Securities held for investment (at amortized cost)		214,777			223,061			156,498
Net loans		1,918,608			1,836,766			1,317,052
Deposits		2,605,177			2,609,825			1,805,537
Total shareholders' equity		326,856			321,844			234,439
Average Balances (Year-to-Date)
Total average assets	$	3,188,334		$	3,151,132		$	2,295,983
Less: intangible assets		31,707			31,221			525
Total average tangible assets	$	3,156,627		$	3,119,911		$	2,295,458
Total average equity	$	323,359		$	320,346		$	234,214
Less: intangible assets		31,707			31,221			525
Total average tangible equity	$	291,652		$	289,125		$	233,689
Credit Analysis
Net charge-offs (recoveries) year-to-date - non-acquired loans	$	(621	)	$	(263	)	$	(251	)
Net charge-offs year-to-date - acquired loans		189			46			-
Total net charge-offs (recoveries) year-to-date	$	(432	)	$	(217	)	$	(251	)
Net charge-offs (recoveries) to average loans (annualized) - non-acquired loans		(0.07	)%		(0.06	)%		(0.04	)%
Net charge-offs to average loans (annualized) - acquired loans		0.02			0.01			-
Total net charge-offs (recoveries) to average loans (annualized)		(0.05	)		(0.05	)		(0.04	)
Loan loss provision (recapture) year-to-date - non-acquired loans	$	563		$	292		$	(2,179	)
Loan loss provision year-to-date - acquired loans		725			141			-
Total loan loss provision (recapture) year-to-date	$	1,288		$	433		$	(2,179	)
Allowance to loans at end of period - non-acquired loans		1.10	%		1.13	%		1.36	%
Discount for credit losses to acquired loans at end of period		3.32			3.56			-
Nonperforming loans - non-acquired loans	$	15,054		$	16,860		$	21,745
Nonperforming loans - acquired loans		4,543			4,196			-
Other real estate owned - non-acquired		4,855			4,738			6,198
Other real estate owned - acquired		1,053			1,431			-
Total nonperforming assets	$	25,505		$	27,225		$	27,943
Restructured loans (accruing)	$	23,441		$	23,847		$	28,157
Purchased noncredit impaired loans	$	275,964		$	296,839		$	-
Purchased credit impaired loans		6,562			7,119			-
Total acquired loans	$	282,526		$	303,958		$	-
Nonperforming loans to loans at end of period - non-acquired loans		0.78	%		0.91	%		1.63	%
Nonperforming loans to loans at end of period - acquired loans		0.23			0.23			-
Total nonperforming loans to loans at end of period		1.01			1.14			1.63
Nonperforming assets to total assets - non-acquired		0.62	%		0.67	%		1.22	%
Nonperforming assets to total assets - aquired		0.17			0.17			-
Total nonperforming assets to total assets		0.79			0.84			1.22

CONDENSED CONSOLIDATED STATEMENTS OF INCOME	(Unaudited)
SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES

	Three Months Ended					Six Months Ended
	June 30,					June 30,
(Dollars in thousands, except per share data)	2015		2014			2015		2014
Interest on securities:
Taxable	$	4,977	$	3,629		$	9,875	$	7,063
Nontaxable		147		9			297		21
Interest and fees on loans		21,988		14,103			44,009		27,901
Interest on federal funds sold and other investments		249		246			498		514
Total Interest Income		27,361		17,987			54,679		35,499
Interest on deposits		524		184			925		378
Interest on time certificates		321		386			668		793
Interest on borrowed money		850		692			1,710		1,382
Total Interest Expense		1,695		1,262			3,303		2,553
Net Interest Income		25,666		16,725			51,376		32,946
Provision (recapture) for loan losses		855		(1,444	)		1,288		(2,179	)
Net Interest Income After Provision for Loan Losses		24,811		18,169			50,088		35,125
Noninterest income:
Service charges on deposit accounts		2,115		1,484			4,117		2,991
Trust fees		759		703			1,560		1,374
Mortgage banking fees		1,032		855			2,120		1,516
Brokerage commissions and fees		576		410			1,017		789
Marine finance fees		492		340			689		594
Interchange income		2,033		1,514			3,770		2,917
Other deposit based EFT fees		96		83			210		181
BOLI income		334		0			664		0
Gain on participated loan		725		0			725		0
Other		684		507			1,282		1,092
		8,846		5,896			16,154		11,454
Securities gains, net		0		0			0		17
Total Noninterest Income		8,846		5,896			16,154		11,471
Noninterest expenses:
Salaries and wages		9,301		7,768			18,090		15,392
Employee benefits		2,541		2,081			4,956		4,263
Outsourced data processing costs		2,234		1,811			4,418		3,506
Telephone / data lines		443		306			939		599
Occupancy		2,011		1,888			4,034		3,726
Furniture and equipment		819		604			1,551		1,175
Marketing		1,226		675			2,201		1,488
Legal and professional fees		1,590		2,272			3,253		3,213
FDIC assessments		520		411			1,109		797
Amortization of intangibles		315		196			630		392
Asset dispositions expense		173		118			316		246
Net loss on other real estate owned and repossessed assets		53		92			134		145
Other		3,062		2,461			5,843		4,524
Total Noninterest Expenses		24,288		20,683			47,474		39,466
Income Before Income Taxes		9,369		3,382			18,768		7,130
Income taxes		3,564		1,464			7,104		2,913
Net Income	$	5,805	$	1,918		$	11,664	$	4,217
Per share of common stock:
Net income diluted	$	0.18	$	0.07		$	0.35	$	0.16
Net income basic		0.18		0.07			0.35		0.16
Cash dividends declared		0.00		0.00			0.00		0.00
Average diluted shares outstanding		33,233,508		25,998,121			33,184,764		25,828,391
Average basic shares outstanding		32,978,006		25,826,825			32,971,670		25,659,159

CONDENSED CONSOLIDATED STATEMENTS OF INCOME	(Unaudited)
SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES

	QUARTER
	2015				2014
(Dollars in thousands)	Second		First		Fourth			Third			Second
Interest on securities:
Taxable	$	4,977	$	4,898	$	4,728		$	3,657		$	3,629
Nontaxable		147		150		182			8			9
Interest and fees on loans		21,988		22,021		21,070			14,615			14,103
Interest on federal funds sold and other investments		249		249		292			211			246
Total Interest Income		27,361		27,318		26,272			18,491			17,987
Interest on deposits		524		401		297			189			184
Interest on time certificates		321		347		375			370			386
Interest on borrowed money		850		860		867			704			692
Total Interest Expense		1,695		1,608		1,539			1,263			1,262
Net Interest Income		25,666		25,710		24,733			17,228			16,725
Provision (recapture) for loan losses		855		433		118			(1,425	)		(1,444	)
Net Interest Income After Provision for Loan Losses		24,811		25,277		24,615			18,653			18,169
Noninterest income:
Service charges on deposit accounts		2,115		2,002		2,208			1,753			1,484
Trust fees		759		801		795			817			703
Mortgage banking fees		1,032		1,088		716			825			855
Brokerage commissions and fees		576		441		417			408			410
Marine finance fees		492		197		445			281			340
Interchange income		2,033		1,737		1,603			1,452			1,514
Other deposit based EFT fees		96		114		92			70			83
BOLI income		334		330		252			0			0
Gain on Participated Loan		725		0		0			0			0
Other		684		598		613			543			507
		8,846		7,308		7,141			6,149			5,896
Securities gains, net		0		0		108			344			0
Total Noninterest Income		8,846		7,308		7,249			6,493			5,896
Noninterest expenses:
Salaries and wages		9,301		8,789		11,676			8,064			7,768
Employee benefits		2,541		2,415		2,461			2,049			2,081
Outsourced data processing costs		2,234		2,184		3,506			1,769			1,811
Telephone / data lines		443		496		419			313			306
Occupancy		2,011		2,023		2,325			1,879			1,888
Furniture and equipment		819		732		732			628			604
Marketing		1,226		975		1,163			925			675
Legal and professional fees		1,590		1,663		2,555			1,103			2,272
FDIC assessments		520		589		476			387			411
Amortization of intangibles		315		315		446			195			196
Asset dispositions expense		173		143		103			139			118
Branch closures and branding		0		0		4,958			0			0
Net loss on other real estate owned and repossessed assets		53		81		9			156			92
Other		3,062		2,781		3,182			2,282			2,461
Total Noninterest Expenses		24,288		23,186		34,011			19,889			20,683
Income Before Income Taxes		9,369		9,399		(2,147	)		5,257			3,382
Income taxes		3,564		3,540		(630	)		2,261			1,464
Net Income	$	5,805	$	5,859	$	(1,517	)	$	2,996		$	1,918
Per share of common stock:
Net income diluted	$	0.18	$	0.18	$	(0.05	)	$	0.12		$	0.07
Net income basic		0.18		0.18		(0.05	)		0.12			0.07
Cash dividends declared		0.00		0.00		0.00			0.00			0.00
Average diluted shares outstanding		33,233,508		33,135,618		33,123,525			26,025,693			25,998,121
Average basic shares outstanding		32,978,006		32,971,444		32,888,612			25,887,591			25,826,825

CONDENSED CONSOLIDATED BALANCE SHEETS	(Unaudited)
SEACOAST  BANKING  CORPORATION  OF  FLORIDA  AND  SUBSIDIARIES

	June 30,			December 31,			June 30,
(Dollars in thousands, except share data)	2015			2014			2014
Assets
Cash and due from banks	$	86,904		$	64,411		$	40,175
Interest bearing deposits with other banks		7,844			36,128			113,855
Total  Cash and Cash Equivalents		94,748			100,539			154,030
Securities:
Available for sale (at fair value)		762,086			741,375			518,353
Held for investment (at amortized cost)		214,777			207,904			156,498
Total Securities		976,863			949,279			674,851
Loans available for sale		19,656			12,078			18,129
Loans, net of deferred costs		1,937,399			1,821,885			1,335,192
Less: Allowance for loan losses		(18,791	)		(17,071	)		(18,140	)
Net Loans		1,918,608			1,804,814			1,317,052
Bank premises and equipment, net		50,028			45,086			34,653
Other real estate owned		5,908			7,462			6,198
Other intangible assets		6,824			7,454			326
Goodwill		25,211			25,309			0
Bank owned life insurance		36,291			35,679			0
Other assets		99,451			105,635			88,917
	$	3,233,588		$	3,093,335		$	2,294,156
Liabilities and Shareholders' Equity
Liabilities
Deposits
Noninterest demand	$	808,429		$	725,238		$	509,798
Interest-bearing demand		599,268			652,353			493,927
Savings		282,588			264,738			208,333
Money market		621,973			450,172			335,246
Other time certificates		158,091			173,247			144,001
Brokered time certificates		8,237			7,034			8,040
Time certificates of $100,000 or more		126,591			143,752			106,192
Total Deposits		2,605,177			2,416,534			1,805,537
Federal funds purchased and securities sold under agreements to repurchase, maturing within 30 days		172,676			233,640			141,662
Borrowed funds		50,000			50,000			50,000
Subordinated debt		64,670			64,583			53,610
Other liabilities		14,209			15,927			8,908
		2,906,732			2,780,684			2,059,717
Shareholders' Equity
Common stock		3,300			3,300			2,599
Additional paid in capital		380,553			379,249			302,088
Accumulated deficit		(53,336	)		(65,000	)		(66,478	)
Treasury stock		(64	)		(71	)		(54	)
		330,453			317,478			238,155
Accumulated other comprehensive (loss), net		(3,597	)		(4,827	)		(3,716	)
Total Shareholders' Equity		326,856			312,651			234,439
	$	3,233,588		$	3,093,335		$	2,294,156
Common Shares Outstanding		33,220,511			33,136,592			25,998,823

Note: The balance sheet at December 31, 2014 has been derived from the audited financial statements at that date.

CONSOLIDATED QUARTERLY FINANCIAL  DATA	(Unaudited)
SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES

	QUARTERS
	2015						2014
(Dollars in thousands, except per share data)	Second			First			Fourth			Third			Second
Net income (loss)	$	5,805		$	5,859		$	(1,517	)	$	2,996		$	1,918
Operating Ratios
Return on average assets-GAAP basis (2),(3)		0.72	%		0.75	%		(0.20	)%		0.52	%		0.33	%
Return on average tangible assets (2),(3),(4)		0.75			0.79			(0.16	)		0.54			0.36
Return on average shareholders' equity-GAAP basis (2),(3)		7.13			7.42			(1.89	)		4.97			3.25
Efficiency ratio (5)		68.57			68.33			104.46			82.78			89.42
Noninterest income to total revenue		25.63			22.13			22.40			26.30			26.06
Net interest margin (1),(2)		3.50			3.62			3.56			3.17			3.10
Average equity to average assets		10.12			10.17			10.51			10.37			10.27
Credit Analysis Excluding Acquired Loans
Net charge-offs (recoveries) - non-acquired loans	$	(358	)	$	(263	)	$	618		$	(856	)	$	(112	)
Net charge-offs - acquired loans		143			46			-			-			-
Total net charge-offs (recoveries)	$	(215	)	$	(217	)	$	618		$	(856	)	$	(112	)
Net charge-offs (recoveries) to average loans - non-acquired loans		(0.08	)%		(0.06	)%		0.14	%		(0.25	)%		(0.03	)%
Net charge-offs (recoveries) to average loans - acquired loans		0.03			0.01			-			-			-
Toral net charge-offs (recoveries) to average loans		(0.05	)		(0.05	)		0.14			(0.25	)		(0.03	)
Loan loss provision (recapture) - non-acquired loans	$	271		$	292		$	54		$	(1,425	)	$	(1,444	)
Loan loss provision (recapture) - acquired loans		584			141			64			-			-
Total loan loss provision (recapture)	$	855		$	433		$	118		$	(1,425	)	$	(1,444	)
Allowance to loans at end of period - non-acquired loans		1.10	%		1.13	%		1.14	%		1.26	%		1.36	%
Discount for credit losses to acquired loans at end of period		3.32			3.56			3.56			-			-
Nonperforming loans - non-acquired loans	$	15,054		$	16,860		$	18,563		$	18,942		$	21,745
Nonperforming loans - acquired loans		4,543			4,196			2,577			-			-
Other real estate owned - non-acquired		4,855			4,738			5,567			5,018			6,198
Other real estate owned - acquired		1,053			1,431			1,895			-			-
Total nonperforming assets	$	25,505		$	27,225		$	28,602		$	23,960		$	27,943
Restructured loans (accruing)	$	23,441		$	23,847		$	24,997		$	28,969		$	28,157
Purchased noncredit impaired loans	$	275,964		$	296,839		$	326,066		$	-		$	-
Purchased credit impaired loans		6,562			7,119			7,814			-			-
Total acquired loans	$	282,526		$	303,958		$	333,880		$	-		$	-
Nonperforming loans to loans at end of period - non-acquired loans		0.78	%		0.91	%		1.02	%		1.36	%		1.63	%
Nonperforming loans to loans at end of period - acquired loans		0.23			0.23			0.14			-			-
Total nonperforming loans to loans at end of period		1.01			1.14			1.16			1.36			1.63
Nonperforming assets to total assets - non-acquired		0.62	%		0.67	%		0.78	%		1.01	%		1.22	%
Nonperforming assets to total assets - acquired		0.17			0.17			0.14			-			-
Total nonperforming assets to total assets		0.79			0.84			0.92			1.01			1.22
Per Share Common Stock
Net income (loss) diluted-GAAP basis	$	0.18		$	0.18		$	(0.05	)	$	0.12		$	0.07
Net income (loss) basic-GAAP basis		0.18			0.18			(0.05	)		0.12			0.07
Cash dividends declared		0.00			0.00			0.00			0.00			0.00
Book value per share common		9.84			9.71			9.44			9.07			9.02
Average Balances
Total average assets	$	3,225,127		$	3,151,132		$	3,037,061		$	2,305,799		$	2,304,870
Less: Intangible assets		32,188			31,221			33,803			237			422
Total average tangible assets	$	3,192,939		$	3,119,911		$	3,003,258		$	2,305,562		$	2,304,448
Total average equity	$	326,338		$	320,346		$	319,233		$	239,031		$	236,632
Less: Intangible assets		32,188			31,221			33,803			237			422
Total average tangible equity	$	294,150		$	289,125		$	285,430		$	238,794		$	236,210

(1) Calculated on a fully taxable equivalent basis using amortized cost.

(2) These ratios are stated on an annualized basis and are not necessarily indicative of future periods.

(3) The calculation of ROA and ROE do not include the mark-to-market unrealized gains (losses), because the unrealized gains (losses) are not included in net income (loss).

(4) The Company believes that return on average assets and equity excluding the impacts of noncash amortization expense on intangible assets is a better measurement of the Company's trend in earnings growth.

(5) Defined as (noninterest expense less foreclosed property expense and amortization of intangibles) divided by net operating revenue (net interest income on a fully taxable equivalent basis plus noninterest income excluding securities gains).

CONSOLIDATED QUARTERLY FINANCIAL  DATA	(Unaudited)
SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES

	June 30,		December 31,		June 30,
SECURITIES	2015		2014		2014
U.S. Treasury and U.S. Government Agencies	$	3,843	$	3,899	$	100
Mortgage-backed		558,561		587,933		479,720
Collateralized loan obligations		124,241		125,225		32,260
Obligations of states and political subdivisions		22,873		24,318		6,273
Corporates		24,213		0		0
CMBS		20,587		0		0
Other		7,768		0		0
Securities Available for Sale		762,086		741,375		518,353
Mortgage-backed		173,477		182,076		156,498
Collateralized loan obligations		41,300		25,828		0
Securities Held for Investment		214,777		207,904		156,498
Total Securities	$	976,863	$	949,279	$	674,851

	June 30,		December 31,		June 30,
LOANS	2015		2014		2014
Construction and land development	$	95,178	$	87,036	$	57,393
Real estate mortgage		1,588,105		1,524,044		1,145,013
Installment loans to individuals		62,913		52,897		45,241
Commercial and financial		190,325		157,396		87,285
Other loans		878		512		260
Total Loans	$	1,937,399	$	1,821,885	$	1,335,192

AVERAGE BALANCES, INTEREST INCOME AND EXPENSES, YIELDS AND RATES (1)	(Unaudited)
SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES

	2015																2014
	Second Quarter								First Quarter								Second Quarter
	Average					Yield/			Average					Yield/			Average					Yield/
(Dollars in thousands)	Balance			Interest		Rate			Balance			Interest		Rate			Balance			Interest		Rate
Assets
Earning assets:
Securities:
Taxable	$	957,374		$	4,977		2.08	%	$	939,015		$	4,898		2.09	%	$	677,600		$	3,630		2.14	%
Nontaxable		15,311			225		5.87			15,617			230		5.89			827			14		6.77
Total Securities		972,685			5,202		2.14			954,632			5,128		2.15			678,427			3,644		2.15
Federal funds sold and other investments		79,031			249		1.26			92,934			249		1.09			153,410			246		0.64
Loans,  net		1,904,011			22,032		4.64			1,848,965			22,065		4.84			1,338,415			14,151		4.24
Total Earning Assets		2,955,727			27,483		3.73			2,896,531			27,442		3.84			2,170,252			18,041		3.33
Allowance for loan losses		(18,247	)							(17,385	)							(19,784	)
Cash and due from banks		71,858								63,689								35,735
Premises and equipment		49,275								46,605								34,948
Intangible assets		32,188								31,221								422
Bank owned life insurance		36,111								35,793								0
Other assets		98,215								94,678								83,297
	$	3,225,127							$	3,151,132							$	2,304,870
Liabilities and Shareholders' Equity
Interest-bearing liabilities:
Interest-bearing demand	$	612,433		$	110		0.07	%	$	628,480		$	117		0.08	%	$	498,285		$	94		0.08	%
Savings		279,354			41		0.06			268,041			39		0.06			205,686			23		0.04
Money market		607,271			373		0.25			519,526			245		0.19			336,772			67		0.08
Time deposits		303,802			321		0.42			318,343			347		0.44			259,325			386		0.60
Federal funds purchased and other short term borrowings		168,068			77		0.18			212,123			98		0.19			150,108			65		0.17
Other borrowings		114,649			773		2.70			114,606			762		2.70			103,610			627		2.43
Total Interest-Bearing Liabilities		2,085,577			1,695		0.33			2,061,119			1,608		0.32			1,553,786			1,262		0.33
Noninterest demand		795,707								753,620								505,892
Other liabilities		17,505								16,047								8,560
Total Liabilities		2,898,789								2,830,786								2,068,238
Shareholders' equity		326,338								320,346								236,632
	$	3,225,127							$	3,151,132							$	2,304,870
Interest expense as a % of earning assets							0.23	%							0.23	%							0.23	%
Net interest income as a % of earning assets				$	25,788		3.50	%				$	25,834		3.62	%				$	16,779		3.10	%

(1) On a fully taxable equivalent basis. All yields and rates have been computed on an annualized basis using amortized cost.

Fees on loans have been included in interest on loans. Nonaccrual loans are included in loan balances.

CONSOLIDATED QUARTERLY FINANCIAL  DATA	(Unaudited)
SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES

	2015				2014
(Dollars in thousands)	Second Quarter		First Quarter		Fourth Quarter		Third Quarter		Second Quarter
Customer Relationship Funding (Period End)
Noninterest demand
Commercial	$	561,742	$	546,876	$	481,327	$	301,630	$	293,515
Retail		180,484		191,262		190,120		162,392		167,172
Public funds		47,913		38,529		41,201		39,329		33,223
Other		18,290		16,669		12,590		18,650		15,888
		808,429		793,336		725,238		522,001		509,798
Interest-bearing demand
Commercial		60,411		66,532		58,173		41,131		41,423
Retail		410,601		416,766		407,653		324,690		327,762
Public funds		128,256		151,556		186,527		114,006		124,742
		599,268		634,854		652,353		479,827		493,927
Total transaction accounts
Commercial		622,153		613,408		539,500		342,761		334,938
Retail		591,085		608,028		597,773		487,082		494,934
Public funds		176,169		190,085		227,728		153,335		157,965
Other		18,290		16,669		12,590		18,650		15,888
		1,407,697		1,428,190		1,377,591		1,001,828		1,003,725
Savings		282,588		272,963		264,738		215,076		208,333
Money market
Commercial		191,061		185,668		172,417		118,385		114,662
Retail		272,853		274,203		264,725		218,376		213,927
Public funds		158,059		136,729		13,030		7,965		6,657
		621,973		596,600		450,172		344,726		335,246
Time certificates of deposit		292,919		312,072		324,033		246,920		258,233
Total Deposits	$	2,605,177	$	2,609,825	$	2,416,534	$	1,808,550	$	1,805,537
Customer sweep accounts	$	157,676	$	170,023	$	153,640	$	124,436	$	141,662
Total core customer funding (1)	$	2,469,934	$	2,467,776	$	2,246,141	$	1,686,066	$	1,688,966

(1) Total deposits and customer sweep accounts, excluding certificates of deposits.

EX-99.2

EXHIBIT 99.2

To Form 8-K dated July 24, 2015

Seacoast Banking Corporation of Florida

Second Quarter 2015 Earnings Conference Call

July 24, 2015

1:00 pm Eastern Time

Company Participants:

Dennis S. Hudson, III, Chairman and Chief Executive Officer, Seacoast Banking Corporation of Florida

Charles K. Cross, Jr., EVP, Commercial Banking, Seacoast Banking Corporation of Florida

Stephen A. Fowle, EVP and Chief Financial Officer, Seacoast Banking Corporation of Florida

David Houdeshell, EVP & Chief Risk and Credit Officer, Seacoast Banking Corporation of Florida

Jeffery Lee, EVP & Chief Marketing Officer, Seacoast Banking Corporation of Florida

Charles Shaffer, EVP, Community Banking, Seacoast Banking Corporation of Florida

Other Participants:

Taylor Brodarick, Vice President, Guggenheim Securities, LLC

Chris Marinac, Managing Principal and Head of Research, FIG Partners

Stephen Scouten, Associate Director, Equity Research Sandler O'Neill

Scott Valentin, Managing Director, FBR Capital Markets

Management Remarks:

Operator: Welcome to Seacoast Second Quarter Earnings Conference call. My name is Adrienne, and I will be your operator for today's call. At this time, all participants are in a listen-only mode. Later, we’ll conduct a question-and-answer session. Please note this conference is being recorded.

Before we begin, I direct your attention to the statement contained at the end of the press release regarding forward-looking statements. During the call certain issues will be discuss that constitute forward-looking statements within the meanings of the Securities and Exchange Act, and as a result the comments are intended to be covered within the meaning of the act.

- 1 -

I’ll now turn the call over to Mr. Dennis Hudson, Chairman and CEO. Mr. Hudson, you may begin.

Dennis Hudson: Thank you very much, and thank all of you for joining us today on our call. We’d also like to mention that there are a few slides to go along with this call, as well as the copy of our press release that we released yesterday afternoon. These are posted on our website at seacoastbanking.com, and they can be found under the title “Presentations.”

Also with me today is Steve Fowle, our Chief Financial Officer, who is going to be reviewing some of our results after the opening comments that I will make. Also with us in the room are Chuck Cross, who leads our Commercial Banking business line; Chuck Shaffer, our Community Banking business leader; David Houdeshell, our Chief Risk and Credit Officer; and Jeff Lee, our Chief Marketing Officer. All of us will be available to answer questions should you have any following our remarks.

I’ll open by saying, we had another strong quarter this quarter with very significant growth, we feel, in revenue on both a sequential and a year-over-year basis. As you are going to hear in a minute, net income was also up significantly year-on-year.

Our strategic framework to focus on improving profitability, investing for growth, and managing risk continues to yield consistent results. We believe that these results demonstrate our value proposition and that our approach to community banking is really beginning to resonate in the marketplace. We also believe the investments we have made and are making will continue to fuel further success and capture greater opportunity as we move into the future. This quarter I was also encouraged by continued strength in our credit quality, with declines in nonperforming loans and nonperforming assets.

I thought I’d mentioned at the outset that there are a few areas in which we have made substantial investments and will share with you some of the results that these investments are producing. First, our most significant investment over the last couple of years has been around expanding our Accelerate business banking platform to further serve the commercial business markets, particularly of South Florida and Orlando. These investments are now producing some of the best growth we’ve seen, not just in loans, but also in core deposits and other services. Moreover, it’s contributing to meaningfully good new growth in high value business households.

Other investments to streamline processes around our small business banking platform, together with new leadership and better execution, is growing higher value small business households at a rate that is, frankly, very pleasing to us. This is happening just as the local economy is providing greater opportunity for small business expansion. Similar results are also evident this quarter around our residential and consumer lending areas, and these results are particularly benefiting from investments we’ve made in some of our digital marketing and data analytics.

Over the past 18 months, we’ve increased our investments around digital marketing, using innovative thinking and predictive intelligence, and we are benefiting from more effective cross-sell efforts to expand our number of services utilized by each customer. I thought I would share also a few metrics that suggest we’re on to something here and our investments are paying off.

- 2 -

· Year-to-date, we recorded a 37% improvement in new households acquired compared to the same time last year;

· Year-to-date, we’ve produced around $60 million in new small consumer loans, compared with just $30 million for the same period last year, around a 93% improvement;

· Households with an activated debit card have grown by almost 10% year-to-date, compared with a growth rate of about 6% year-to-date over the same time last year; and

· Our households engaging with us using mobile technology have grown as well. This year, they’re up about 28% compared with about 18% growth in the same time last year.

So, we’re really beginning to see some acceleration and some pretty significant movement as a result of these investments.

Finally, I wanted to update you on our investment in our Orlando acquisition which was closed and integrated just three quarters ago. Over that short period, we have seen meaningful growth in households coming out of the acquired customer base. We’ve seen growth in the revenue and we’ve seen growth in services per household each and every quarter, and the growth has accelerated each quarter. Compare this to slightly negative to neutral historical growth we observed in that customer base during our diligence. The growth rates on this acquired customer base have not caught up to our legacy growth rates, but the improvement is on pace to get us there in another couple of quarters. As you can see, we are leveraging our investments to grow across a larger customer base, and frankly we are doing so with very little incremental cost.

We will do the same with our acquisition of Grand Bankshares, which closed last Friday and was integrated last weekend. This acquisition makes us the third largest Florida-based bank in Palm Beach County. These acquisitions complement our legacy banking business and enable us to successfully add new customers and expand into adjacent markets, again fueling our franchise growth.

Since 1926, we have understood and appreciated the economic value of Florida, and research is now showing that Florida again is outpacing the rest of the country. We are a leader in using digital technology and data analytics to offer our customers mobile and other convenience products in a way that is on par with some of the largest banks in the country.

The metrics I just shared with you demonstrate that we are succeeding, and we’re really in the early stages of applying these techniques to our customer base. Our acquisitions have opened up a sizable market to us, both in Orlando and Palm Beach County, and have allowed us to scale up our investments more quickly.

We look forward to the second half of this year and expect to see continued sustained growth through our strategic initiatives and investments. We are going to be expanding our marketing and process execution to our new customers in the important Palm Beach market.

- 3 -

And now, I’d like to turn the call over to our Chief Financial Officer, Steve Fowle, who is going to share a few other insights and highlights for the quarter; and then, of course, we’d be happy to take a few questions.

Steve Fowle: Thank you, Denny, and thanks to all of you who have taken the time to join us for the call today. Our second quarter results reflect another successful quarter for Seacoast as our investments pay off and as our business teams were able to drive significant revenue growth.

As Denny noted earlier, revenues increased a solid $1.5 million this quarter to $34.5 million. This is a 4.5% not annualized linked quarter growth rate. We grew revenues $11.9 million or 53% compared to the second quarter of 2014. Our ability to produce continued topline growth drove another quarter of strong results. Year-over-year net income increased $3.9 million or 203% to $5.8 million, and decreased slightly from $5.9 million in the first quarter of 2015. This translates to $0.18 per diluted common share, compared to $0.07 in the second quarter last year and essentially flat with the first quarter of 2015.

Investment in our franchise, including the effective use of digital marketing and stellar efforts by our customer-facing personnel, led to growth across our businesses. First, we grew total loans by $602 million from last year. Excluding loans acquired with our Orlando acquisition, we increased loans $238 million or 18%. During this quarter, we also grew loans a strong 18% annualized, and our pipelines finished the quarter at 12-month highs. This growth is more remarkable when you consider that our lending teams have been able to build this momentum while maintaining industry and geographic diversification metrics and managing to a very conservative house limit.

Households also continue to grow at a strong steady pace, increasing 5% annualized over first quarter levels and 5% from prior year levels, again normalized for acquired households. This success allowed us to grow core customer deposits at a 19.8% pace above last year, adjusted for the acquisition, and flat from last year despite entering a seasonally slow summer period and despite intentional runoff of our higher cost CD portfolio. Non-interest checking now represents 31% of all deposits and, combined with low cost interest checking, demand accounts have reached 54% of our total deposits.

As a result, we improved margin by 40 basis points from last year, and net interest income held flat with last quarter despite the fact that we did not record anywhere near the level of purchased loan accretion. You may remember last quarter we indicated that Q1 had about 10 basis points or $750,000 excess purchased loan accretion above our expected levels. You might also remember we expected the margin to decrease to about 3.50% during 2015, spot on with what we are reporting this quarter.

Going forward, we believe that continued strength in loan growth and other favorable balance sheet mix dynamics will allow for modest upside opportunity this year. The Grand Bank acquisition and the potential for increased rates later in the year may fuel additional margin opportunity, although it’s too early to say more about either of these dynamics.

Our business also drove significant service fee income growth. Our marine finance business had a solid quarter, and mortgage banking held at levels very close to our strong Q1 performance. With 5% household growth, interchange income and deposit service charges showed strong increases despite part of the quarter being impacted by lower summer activity levels.

- 4 -

We also recorded a $725,000 gain in non-interest income on a participated loan. This represents a discount we recognized when we participated out a portion of a Bancshares loan in order to meet additional credit needs of a good customer who is approaching our house limit. We consider this income to be core. It’s almost, in all respects, the same as purchase loan accretion recognized in margin, but for the fact the loan was participated.

Our long-term revenue growth reflects investment in our franchise over the past couple years. This growth story can be seen in a couple metrics which I think are revealing. 2012 was a year when many banks like Seacoast were turning focus from the impact of the Great Recession and beginning to turn focus to the future. Using this year as a starting point, we’ve grown pre-tax, pre-provision net income at 120% growth rate based on an annualized first half of 2015. Investment in technology, acquisitions, and our Accelerate model has helped us produce 23% annual growth in revenues, while allowing us to hold expense growth to 6%, remarkable operating leverage.

This quarter’s expenses reflect the impacts of such investment. Q2 increased expense over last year, of course, reflects our significant entry into the Orlando market, offset by cost savings initiatives. The linked quarter increase of $1.1 million reflects $337,000 in corporate development charges, up more than $60,000 from Q1, and more than $350,000 in expenses from the acquisition of our factoring business in May. This is their ongoing run rate for the portion of the quarter that they were part of us. This lift-out slightly added to our bottom line this quarter. Expense growth also included an increase of approximately $375,000 in production driven commission expense and $250,000 in increased marketing expense. Marketing expense this quarter included investments in digital customer acquisition and corporate branding in our new Orlando market, both of which should provide long-term benefit for Seacoast.

A strong revenue increase is only one measure of the benefit of investment. Additionally, investment in technology aimed at adding convenience for our customers, like mobile banking, has helped us become more efficient. Over the past five years, growth and intentional pruning of branches—we’ve closed about 30% of our branches over this time period—has allowed us to improve our deposits per square foot from between $9,000 and $10,000, a borderline acceptable level, to better than $12,500 per square foot, more than 30% improvement. And we expect to continue to improve this metric.

So, while expenses have increased, we are focused on continuing to improve ROA and bottom-line results by continuing operating leverage improvement. We expect average expenses to average asset ratio to decrease about 10 to 15 basis points as we exit this year, excluding the Grand acquisition, ongoing or one-time merger charges. Ongoing benefit from this merger will only help this metric.

So all that said, I return the call back to Denny.

Dennis Hudson: Thank you, Steve, and we will be happy to take some questions. Operator?

- 5 -

Operator: Thank you. We’ll now begin the question-and-answer session. (Operator instructions.) We see Stephen Scouten from Sandler O'Neill on line with a question. Please go ahead.

Steve Scouten: I guess one thing I was curious about is obviously your shares have had a really nice run here, really over the last couple of years, and I’m curious now with the momentum you’ve seen in the organic growth, do you look at continual M&A opportunities to enhance that potential or are you more focused on letting these current investments play out as it is?

Dennis Hudson: Well, as I have said often when asked that question, our focus has been and remains on improving profitability and generating organic growth. The key factor to growing value for shareholders over time is to get those metrics right. And we are beginning, I think, to get those metrics right. So, I wouldn’t say M&A is what we’re leading with. What we’re leading with is how do we grow this business organically and create much better operating leverage as we go forward.

Obviously the acquisitions we’ve done have been very helpful to moving us forward faster, and we’re pleased with the results, so stay tuned and we’ll see. We have said repeatedly that we would be open to opportunistic ideas that really add value to the franchise and grow value for shareholders. I would say, we lead with organic growth, and we lead with the metrics we talked about because it’s incredibly valuable, and we’ll just have to see.

Steve Scouten: If I could ask one more question, if that’s okay. You’re talking about continued operating leverage, and I know Steve spoke to lowering the expense to average assets by maybe 10 to 15 points over the next year. I mean, is that, if I’m hearing correctly, more driven just by continued growth in average assets and maybe a stable expense base, or are there more absolute reductions to come at this point? Or are the Orlando investments and then others going to overwhelm that on an absolute basis?

Steve Fowle: We continue to invest in the franchise, so I’d expect the expenses to increase as we go through time long-term. I know though that those investments are paying off. We talked a lot about metrics proving that. So, operating leverage is really what we’re focusing on to help drive bottom-line growth.

Dennis Hudson: Having said that, we continue to deal with the business model adjustment—in fact, we currently are looking at many different opportunities here—and that will undoubtedly result in bringing down, over time, our legacy cost structure. We have very quietly over the last couple of years brought down probably more than 25% of our legacy branches, and I would say we have more work to do in that area over time.

However, our focus in the near term remains—and this is critically important—on generating in our new channels, growth both in customers and cross-sell. And as we get better and better at that, and we prove to ourselves that we can execute, I think it opens up the door for us to move more quickly to bring down the legacy cost structure. The legacy cost structure is not just branches. It’s basically everything that we’ve operated for the last 30 years. So, we’re very passionate about moving forward to a generally much lower cost structure.

- 6 -

I’d also point out, Steve, that our cost structure in terms of some of the metrics you look at, for example, our overhead ratio, is built upon a net interest margin of around 3.5%. And if you look at some of the better performers, from a cost standpoint, that are out there, they are built often on net interest margins of 5%. So, I think one metric that I try to keep an eye on are the expenses as a percentage of assets. And here at Seacoast, that’s a sub 3% number, and we see that number going down.

Operator: Your next question comes from Scott Valentin from FBR Capital Markets. Please go ahead.

Scott Valentin: Just with regard to the margin, I appreciate the guidance. You guys pointed out in the first quarter there was some outsized accretion. I’m just wondering how we should think about maybe the core margin. So, ex-accretion, it sounded like you guys see some upward bias to the margin?

Steve Fowle: We do. That really has to do with balance sheet mix. As we look at this quarter, we were at—maybe slightly below, but pretty much at—our expected level of merger accretion. So, that is always going to be a lumpy number, but it is something that, like I say, this quarter we expect we’re pretty close to where our long-term run rate should be.

Scott Valentin: In terms of driving the core margin higher, so ex-accretion, you guys are about 30% securities to assets. I imagine, over time that comes down, the loan balances go up, and you get some net benefit to asset yields. Is that the main driver of the core margin?

Steve Fowle: That is the main driver. I think we have incremental adjustments around the fringes as well, but that’s really the main driver of that improvement potential.

Operator: Our next question comes from Chris Marinac from FIG Partners. Please go ahead.

Chris Marinac: Just the leverage, I guess, or follow up on Steve’s comments about leverage, should we expect to see some incremental benefit to efficiency in ROA in the second half of this year, or Steve, would you think more of the pronounced changes are effective in 2016?

Steve Fowle: The remainder of this year should be somewhat noisy with charges from the Grand acquisition, particularly next quarter where we expect most of the one-timers to be recorded. But no, I’d expect the improvement to start this year.

Chris Marinac: And then Denny, when you look at the digital channel, how much of your loan growth is coming from that today? And I guess, more importantly, if you looked out to the end of 2016, for example, how much change would we see in that channel because it’s driving the loan growth?

Chuck Shaffer: We continue to focus pretty heavily on it. This is Chuck Shaffer. It right now is about 20% of our consumer volume. Our focus has been on the consumer side on that. And as we look forward, we’re looking for opportunities to expand that into potentially mortgage lending as well as small business, so more to come on that as we look forward. But it has been increasing and is as much as 20% of our consumer loan production now, which is up from 0% a year ago, so we’ve seen a tremendous growth in that line, and we’ll continue to focus on it as we move forward.

- 7 -

Dennis S. Hudson: The cost associated with that lift is very nominal, and the key here, it’s eminently scalable and very exciting for us. Jeff, did you have anything else to add?

Jeff Lee: Yes. Just good momentum in that direction. We’re seeing trends as well from deposit account opening. We’re trending closer to 10% of those being opened outside of the branch. So, it gives us quite a bit of flexibility as we move forward.

Dennis Hudson: We have internal goals, that we have not shared with you, to move those numbers much higher. Again, as they begin to gain better momentum, it makes us more confident about re-looking at a pacing of legacy cost-outs that could be really helpful for us in terms of building tremendous value over the next year or two.

Chuck Shaffer: And that 20% that I quoted, we’ll continue to see that grow month to month. So, we expect that to grow as we move forward and become a bigger part of our consumer channel.

Chris Marinac: Denny, my followup is: Is there a point in the next couple of quarters where we see some further branch rationalization? It sounds like you’re looking for more momentum that would justify that, but I was just curious on the timing of when that may happen.

Chuck Shaffer: Yeah. As Denny mentioned, what we look for is opportunistic opportunities to make that happen. So far, as mentioned earlier over the prior years, we’ve closed a number of branches with zero impact on our customer base. During that period of time, we’ve been able to grow the customer base while closing those branches. As opportunities present themselves for us to exit branches, we will, but we’ll do it in a way that’s customer friendly and allows us to continue to grow customers against those transactions. So, we will continue to look for opportunities to take advantage of that.

Dennis Hudson: Chris, I’d tell you that it absolutely is part of our plan going forward to pull the trigger on lot of that stuff, and I would not be surprised to have us talking about that next quarter.

Operator: (Operator instructions.) We have Taylor Brodarick from Guggenheim on line with a question.

Taylor Brodarick: I think just one for me, guys. Obviously, loan growth was very solid for the quarter, and you’ve seen some pretty outstanding loan growth from some of your other Florida-only peers. I was just curious, if you could comment on the competition, not specifically, but if it’s a function of whether there are some bigger credits out there that maybe your in-house lending limit doesn’t work with, or are you seeing deterioration in structure being offered? Or is pricing just extremely fierce and getting more so?

Chuck Cross: This is Chuck Cross. Just a comment, our loan growth was across all segments, and we have stayed away from the very large credits that others may be chasing. Florida has always been a very price competitive environment, but if you’re at the right place with the right speed-to-market with the right customer, you can get a fair price, and we feel like we are still achieving that. There has been a lot of press about loosening of underwriting standards, and I think that in a lot of the bigger deals, you are seeing limited guarantees and some loosening of financial covenants, and we make prudent decisions and bow out when we need to.

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Dennis Hudson: And we stay away from the larger deals that are more heavily competed for, I would say. I mean, we’ve not revealed the numbers, but when you look at the number of credits that we booked this past quarter, it was the largest we have ever done in terms of number of loans. So, the number growth has far exceeded the dollar value of growth that we’ve seen out there, and that is very impressive to me. It’s coming across all quarters. It’s being done with the air-cover of digital to help boost what we’re doing on the ground. We’re staying focused in smaller value commercial opportunities that we feel very comfortable with. So, we’re growing it in a way that is more sustainable and less likely to be susceptible to lumpiness if we were to move into a period of downturn.

So, it’s an exciting period. I mean, the competition is there. I say this repeatedly, there’s never been a time in my career where we haven’t had lots of competition, and lots of crazy competition. It’s just something you deal with every day, and our team both on a credit side and the production side do, I think, a nice job of balancing.

Chuck Shaffer: Earlier you heard about the investments, and over the prior years we made investments that have increased speed to market. We think it’s something that’s differentiated ourselves in the marketplace and adds value that we get paid for.

Dennis Hudson: Probably one of our fastest growing lines right now is small business. This is exactly the right time to be out there with smoother processes in small business. We worked on that two years ago in anticipation of the economy improving to the point where small business would begin to grow again. Over the past 12 months, we’ve invested more in leadership in that area, and we’ve invested more in marketing in that area. It is really paying off now with some of the highest number count of small business relationships, which of course come with a very significant coverage of deposits, and that’s one of our fastest growing lines.

If you look in the back of our tables, you’ll see some of our growth rates in DDA, checking accounts, and other transaction accounts, and you see there’s an emerging trend of faster growth on the business side. That growth is a direct result of that. I can’t wait to see what that produces as we get back into the seasonal high period of Q4 and Q1 of next year.

Chuck Shaffer: I’ll point out that the Palm Beach County market, which is a new market for us, opens a world of opportunities to bring that down into Palm Beach County.

Operator: We have no further questions at this time. I’ll turn the call back over to Mr. Dennis Hudson for final comments.

Dennis Hudson: Well, thank you all very much for attending today. We look forward to continuing to keep you up-to-date with our progress when we announced next quarter’s results. Thank you.

Operator: Thank you, ladies and gentlemen. This concludes today’s conference. Thank you for participating, and you may now disconnect.

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EX-99.3

Exhibit 99.3

Second Quarter 2015 July 24, 2015

2 Cautionary Notice Regarding Forward - Looking Statements This press release contains “forward - looking statements” within the meaning of Section 27 A of the Securities Act of 1933 and Section 21 E of the Securities Exchange Act of 1934 , including, without limitation, statements about future financial and operating results, ability to realized deferred tax assets, cost savings, enhanced revenues, economic and seasonal conditions in our markets, and improvements to reported earnings that may be realized from cost controls and for integration of banks that we have acquired, as well as statements with respect to Seacoast’s objectives, expectations and intentions and other statements that are not historical facts . Actual results may differ from those set forth in the forward - looking statements . Forward - looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, estimates and intentions, and involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause the actual results, performance or achievements of Seacoast to be materially different from future results, performance or achievements expressed or implied by such forward - looking statements . You should not expect us to update any forward - looking statements . You can identify these forward - looking statements through our use of words such as “may,” “will,” “anticipate,” “assume,” “should,” “support”, “indicate,” “would,” “believe,” “contemplate,” “expect,” “estimate,” “continue,” “further”, “point to,” “project,” “could,” “intend” or other similar words and expressions of the future . These forward - looking statements may not be realized due to a variety of factors, including, without limitation : the effects of future economic and market conditions, including seasonality ; governmental monetary and fiscal policies, as well as legislative, tax and regulatory changes ; changes in accounting policies, rules and practices ; the risks of changes in interest rates on the level and composition of deposits, loan demand, liquidity and the values of loan collateral, securities, and interest sensitive assets and liabilities ; interest rate risks, sensitivities and the shape of the yield curve ; the effects of competition from other commercial banks, thrifts, mortgage banking firms, consumer finance companies, credit unions, securities brokerage firms, insurance companies, money market and other mutual funds and other financial institutions operating in our market areas and elsewhere, including institutions operating regionally, nationally and internationally, together with such competitors offering banking products and services by mail, telephone, computer and the Internet ; and the failure of assumptions underlying the establishment of reserves for possible loan losses . The risks of mergers and acquisitions, include, without limitation : unexpected transaction costs, including the costs of integrating operations ; the risks that the businesses will not be integrated successfully or that such integration may be more difficult, time - consuming or costly than expected ; the potential failure to fully or timely realize expected revenues and revenue synergies, including as the result of revenues following the merger being lower than expected ; the risk of deposit and customer attrition ; any changes in deposit mix ; unexpected operating and other costs, which may differ or change from expectations ; the risks of customer and employee loss and business disruption, including, without limitation, as the result of difficulties in maintaining relationships with employees ; increased competitive pressures and solicitations of customers by competitors ; as well as the difficulties and risks inherent with entering new markets . All written or oral forward - looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties described in our annual report on Form 10 - K for the year ended December 31 , 2014 under “Special Cautionary Notice Regarding Forward - Looking Statements” and “Risk Factors”, and otherwise in our SEC reports and filings . Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC’s Internet website at http : //www . sec . gov . Second Quarter 2015

Second Quarter 2015 3 Financial Highlights Growth Highlights Q2 2015 Financial and Growth Highlights • Loans increased $83 million or 18% annualized compared to Q1 2015, and rose 45% year - on - year. Excluding the acquisition of The BANKshares , loans increased $238 million or 18% compared to Q2 2014 • Total households increased a strong 5%, annualized from Q1 and 20% compared to Q2 2014. Excluding BANKshares customers, year - over - year household growth was 5.3 % • Achieved record levels of business and consumer lending, reflecting success in Accelerate Commercial Banking as well as digitally enabled marketing and cross - sell • Closed the Grand Bancshares, Inc. acquisition and completed the conversion of Grand’s customers over the July 17 weekend, adding approximately $190 million in deposits and $121 million in gross loans in the attractive Palm Beach market • Q2 Net Income Rises More Than 200% Year - on - Year to $5.8 Million, or $.18 per Share • Revenues increased $1.5 million, or 4.5%, sequentially to $34.5 million compared to Q1 2015, and $11.9 million, or 53%, compared to Q2 2014 • Net interest margin increased 40 basis points (0.40%) year - on - year, reflecting improved balance sheet mix • Adjusted net income excluding merger costs and other adjustments increased 106% to $6.2 million, or $ 0.19 per diluted share, compared to $3.0 million, or $0.12 per diluted share, in Q2 2014 Non - GAAP measure (1) (1) Non - GAAP measure, excludes merger related charges, branch closure expenses, and other adjustments (See Appendix for reconciliation to GAA P)

Florida’s Economic Improvement Second Quarter 2015 4 • Employment overall grew 3.4% YOY and private sector employment is up 3.9%. • Unemployment in June was down to 5.5%, a drop of 0.2% from May levels. • Strongest sectors were construction, leisure & hospitality, education & health, manufacturing, and services Seacoast Footprint

5 Source: Wells Fargo Securities Florida Economic Outlook July 2015 . Second Quarter 2015

Second Quarter 2015 6 Pro Forma County Branch Map Palm Beach County Deposit Market Share Pro Forma Financial Highlights 1 2014 Rank Institution (ST) Branches Deposits ($000) Market Share (%) 1 Wells Fargo & Co. (CA) 66 8,727,124 21.60 2 Bank of America Corp. (NC) 55 6,354,287 15.73 3 JPMorgan Chase & Co. (NY) 54 3,766,893 9.32 4 PNC Financial Services Group (PA) 51 2,579,969 6.39 5 SunTrust Banks Inc. (GA) 37 2,426,806 6.01 6 Toronto-Dominion Bank 24 2,401,103 5.94 7 Citigroup Inc. (NY) 11 1,587,427 3.93 8 BB&T Corp. (NC) 32 1,505,067 3.72 9 BankUnited Inc. (FL) 17 1,383,623 3.42 10 New York Community Bancorp (NY) 12 1,254,974 3.11 11 Banco de Sabadell 5 880,247 2.18 12 TFS Financial Corp (MHC) (OH) 4 699,679 1.73 13 Northern Trust Corp. (IL) 4 633,309 1.57 14 Valley National Bancorp (NJ) 6 514,842 1.27 15 FCB Financial Holdings Inc. (FL) 4 468,533 1.16 16 Regions Financial Corp. (AL) 11 418,037 1.03 17 CenterState Banks (FL) 5 414,475 1.03 18 Fifth Third Bancorp (OH) 4 393,480 0.97 19 IBERIABANK Corp. (LA) 5 303,835 0.75 20 Pro Forma 6 301,506 0.75 20 Stonegate Bank (FL) 2 247,328 0.61 21 HSBC 4 240,934 0.60 22 Paradise Bank (FL) 2 220,089 0.54 23 First Repub Bank (CA) 1 213,908 0.53 24 Palm Beach Community Bank (FL) 6 210,250 0.52 25 EverBank Financial (FL) 1 205,357 0.51 26 Comerica Inc. (TX) 5 191,316 0.47 27 First Citizens BancShares Inc. (NC) 4 190,318 0.47 28 Grand Bankshares Inc. (FL) 3 187,970 0.47 34 Seacoast Banking Corp. of FL (FL) 3 113,536 0.28 Total For Institutions In Market 480 40,406,482 2014 Grand Total Assets:$3.3 billion Total Gross Loans: $2.0 billion Total Deposits: $2.6 billion Total Equity: $327 million Total Tangible Common Equity: $295 million (1) Does not include impact of purchase accounting; financial data as of December 31, 2014 Seacoast’s Pro Forma Franchise Source: SNL Financial

7 Strategic Rationale Second Quarter 2015 • Price / 12/31/14 Tangible Book Value: 108% • Core Deposit Premium: 1.2% • Price / LTM Earnings: 15.8x Strategically Compelling Financially Attractive Annualized Valuation Analytics • In - market acquisition more than doubles Seacoast’s presence in the attractive Palm Beach County market • Significant, realistic cost savings driven by market overlap • Low integration risk - conversion completed successfully on July 17th • Modestly accretive to tangible book value at closing • Approximately 5% accretive to SBCF EPS in 2016 • On track to realize cost savings and merger charge expectations which will drive pro forma income accretion

Second Quarter 2015 8 Earnings Improvement Trend • Adjusted Pretax, pre - provision income (1) significantly improved indicative of higher quality earnings. (1) Non - GAAP measure, excludes merger related charges, branch closure expenses, and other adjustments (See Appendix for reconciliation to GAA P) (Dollars in thousands) Second Quarter First Quarter Fourth Quarter Third Quarter Second Quarter 2015 2015 2014 2014 2014 GAAP Net Income $5,805 $5,859 ($1,517) $2,996 $1,918 GAAP Earnings per diluted share $ 0.18 $0.18 ($0.05) $ 0.12 $ 0.07 Adjusted Net Income (1) $ 6,172 $6,177 $4,179 $3,286 $2,990 Adjusted Pretax, pre - provision income (1) $ 10,815 $10,342 $7,464 $4,341 $3,821 Adjusted Earnings per diluted share (1) $0.19 $ 0.19 $0.13 $0.13 $0.12 Average shares outstanding 33,234 33,136 33,124 26,026 25,998

Second Quarter 2015 9 Loan Growth Momentum Continues • Total loans were $ 1.937 billion at June 30, 2015, up $83.0 million or 4.5% (18% annualized) from the first quarter. • Commercial loan originations for the quarter were a strong $85.8 million, increasing $24.5 million or 39.9% over the first quarter • Residential production totaled $81.8 million compared to $55.8 million in the first quarter and $61.2 million in the second quarter of 2014 $682 $701 $774 $780 $800 $653 $690 $1,048 $1,074 $ 1,137 $1,335 $1,391 $1,822 $1,854 $1,937 Q2-14 Q3-14 Q4-14 Q1-15 Q2-15 Total Loans ($ in Millions) Consumer Commercial

Second Quarter 2015 10 Deposit Balances Extend Growth Trends • Average noninterest bearing demand deposits increased to 30.6% of total deposits compared with 28.0% for the second quarter 2014 • Average Low/No cost deposits increased to 88.3% of total deposits compared to 85.7% one year ago • Total deposits increased 44.3% to $2.61 billion at June 30, 2015 from year - ago levels $506 $506 $728 $754 $796 $ 1,041 $ 1,042 $ 1,307 $ 1,416 $ 1,499 $259 $252 $327 $318 $304 $1,806 $1,800 $2,362 $2,488 $ 2,599 Q2-14 Q3-14 Q4-14 Q1-15 Q2-15 Average Deposit Balances ($ in Millions) Non Interest Bearing Low Cost Deposits Time Deposits

Second Quarter 2015 11 • Net interest income for the quarter totaled $ 25.8 million, up $9 million from a year ago. • Net interest margin for the quarter increased to 3.50% versus prior year of 3.10% in the second quarter 2014. • A decline in accretion from the purchase loans was the major factor in the next interest margin decrease. $16,779 $17,282 $24,883 $25,834 $25,788 3.10% 3.17% 3.56% 3.62% 3.50% 0 5,000 10,000 15,000 20,000 25,000 30,000 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% Q2-14 Q3-14 Q4-14 Q1-15 Q2-15 Net Interest Income and Net Interest Margin ($ in thousands) Net Interest Income Net Interest Margin Net Interest Income and Margin Meaningfully Improved

Second Quarter 2015 12 Non Interest Income • Noninterest income increased $3.0 million or 50% from a year ago to $8.8 million and $1.5 million or 21% above the first quarter of 2015 • Service charges on deposit accounts increased $113,000 and interchange income grew $296,000 from the first quarter of 2015 • Adjusting for the gain on a participated loan of $725,000 during the quarter, fee income increased $813,000 or 11%. $1,484 $1,753 $2,208 $2,002 $2,115 $1,514 $1,452 $1,603 $1,737 $2,033 $855 $825 $716 $1,088 $1,032 $2,043 $2,119 $2,614 $2,481 $3,666 Q2-14 Q3-14 Q4-14 Q1-15 Q2-15 Non Interest Income ($ in Thousands) Service Charges on Deposits Interchange Income Mortgage Banking Fees Other $6,149 $5,896 $7,141 $7,308 $8,846

Second Quarter 2015 13 Non Interest Expense Moderates $9,668 $9,917 $12,459 $11,192 $ 11,814 $1,811 $1,769 $1,925 $2,184 $2,235 $2,798 $2,820 $ 3,427 $ 3,251 $ 3,272 $4,523 $4,338 $6,598 $6,048 $6,376 Q2-14 Q3-14 Q4-14 Q1-15 Q2-15 Core Operating Expenses (1) ($ in Thousands) Salaries and Benefits Data Processing Cost Occupancy / Telephone Other $22,675 $18,800 $18,844 $24,409 $23,697 • Year over year expense increases reflect the acquisition of The BANKshares , offset by planned expense reduction initiatives. • Notable increases include: the acquisition of FGC during the second quarter 2015 which contributed approximately $351,000 in expense; approximately $375,000 increase in production - driven commission expense; and $250,000 in increased marketing expense focused on customer acquisition and for corporate branding in BANKshare’s Orlando footprint. (1) Non - GAAP measure, excludes merger related charges, branch closure expenses, and other adjustments (See Appendix for reconciliation to GAA P)

Second Quarter 2015 14 $12,481 $8,000 $9,000 $10,000 $11,000 $12,000 $13,000 $14,000 $15,000 Jan-10 Mar-10 May-10 Jul-10 Sep-10 Nov-10 Jan-11 Mar-11 May-11 Jul-11 Sep-11 Nov-11 Jan-12 Mar-12 May-12 Jul-12 Sep-12 Nov-12 Jan-13 Mar-13 May-13 Jul-13 Sep-13 Nov-13 Jan-14 Mar-14 May-14 Jul-14 Sep-14 Nov-14 Jan-15 Mar-15 May-15 Deposits ($)* Per Square Foot Industry “sweet spot” for branches: $10,000 in deposits - per - square - foot** * Includes total low/no cost deposits (excludes CDs) ** Source: BAI Banking Strategies, Rightsizing the Branch, Oct. 29, 2014 “Generally , financial institutions should strive for a minimum of $10,000 in deposit balances per - square - foot for each branch. This magic number doesn’t guarantee a branch’s success, but it does provide a suitable benchmark that can help institutions right - size their locations and branch network .” ~BAI Increased Branch Network Efficiency

Second Quarter 2015 15 Appendix

16 Source: Wells Fargo Securities Florida Economic Outlook July 2015 . Second Quarter 2015

17 Second Quarter 2015 Orlando’s Housing Market http:// www.orlandorealtors.org/resource/resmgr/docs_market_pulse/MarketPulse072015.html

18 Second Quarter 2015 http://media.floridarealtors.org/wp - content/uploads/2015/07/June - 2015 - Fla - MSA - summary.pdf

Second Quarter 2015 19 Explanation of Certain Unaudited Non - GAAP Financial M easures • This press release contains financial information determined by methods other than Generally Accepted Accounting Principles (“GAAP”). The financial highlights provide reconciliations between GAAP net income and adjusted net income, GAAP income and adjusted pretax, preprovision income. Management uses these non - GAAP financial measures in its analysis of the Company’s performance and believes these presentations provide useful supplemental information, and a clearer understanding of the Company’s performance. The Company believes the non - GAAP measures enhance investors’ understanding of the Company’s business and performance. These measures are also useful in understanding performance trends and facilitate comparisons with the performance of other financial institutions. The limitations associated with operating measures are the risk that persons might disagree as to the appropriateness of items comprising these measures and that different companies might calculate these measures differently. The Company provides reconciliations between GAAP and these non - GAAP measures. These disclosures should not be considered an alternative to GAAP.

Second Quarter 2015 20 Net Income - GAAP to Non - GAAP Reconciliation Presented below is net income excluding adjustments for merger related charges, branch closure charges, and other non core expenses. The Company believes that these results of operations are a more meaningful depiction of the underlying fundamentals of its business and ove rall performance. (1) Non - GAAP measure, excludes merger related charges, branch closure expenses, and other adjustments (See Appendix for reconciliation to GAA P) (Dollars in thousands) Second Quarter 2015 First Quarter 2015 Fourth Quarter 2014 Third Quarter 2014 Second Quarter 2014 Net income $5,805 $5,859 ($1,517) $2,996 $1,918 Severance 29 12 478 328 181 Merger related charges 337 275 2,722 399 1,234 Branch closure charges and costs related to expense initiatives 0 0 4,261 68 114 Marketing and brand refresh expense 0 0 697 0 0 Stock compensation expense and other incentive costs related to improved outlook 0 0 1,213 0 0 Security (gains) 0 0 (108) (344) 0 Miscellaneous losses (gains) 0 0 119 (45) 144 Recovery of nonaccrual loan interest 0 0 0 (192) 0 Net loss on OREO and repossessed assets 53 81 9 156 92 Asset dispositions expense 173 143 103 139 118 Effective tax rate on adjustments (225) (193) (3,798) (219) (811) Adjusted Net Income (1) $6,172 $6,177 $4,179 $3,286 $2,990 Provision (recapture) for loan losses 855 433 118 (1,425) (1,444) Income taxes 3,788 3,732 3,167 2,480 2,275 Adjusted pretax, pre-provision income (1) $10,815 $10,342 $7,464 $4,341 $3,821 Adjusted earnings per diluted share (1) $0.19 $0.19 $0.13 $0.13 $0.12 Average shares outstanding 33,234 33,136 33,124 26,026 25,998

Second Quarter 2015 21 Non - Interest Expense - GAAP to Non - GAAP Reconciliation Presented below is core operating expenses and other non core expenses. The Company believes that these results of operations are a more meaningful depiction of the underlying fundamentals of its business and overall performance. (1) Non - GAAP measure, excludes merger related charges, branch closure expenses, and other adjustments (See Appendix for reconciliation to GAA P) (Dollars in thousands) Second Quarter 2015 First Quarter 2015 Fourth Quarter 2014 Third Quarter 2014 Second Quarter 2014 Noninterest Expense: Salaries and wages $9,273 $8,777 $9,998 $7,868 $7,587 Employee benefits 2,541 2,415 2,461 2,049 2,081 Outsourced data processing costs 2,235 2,184 1,925 1,769 1,811 Telephone / data lines 443 496 419 313 306 Occupancy expense 2,010 2,023 2,325 1,879 1,888 Furniture and equipment expense 819 732 683 628 604 Marketing expense 1,225 975 1,072 717 675 Legal and professional fees 1,255 1,388 1,741 884 924 FDIC assessments 520 589 476 387 411 Amortization of intangibles 315 315 446 195 196 Other 3,061 2,781 2,863 2,155 2,317 Total Core Operating Expense 23,697 22,675 24,409 18,844 18,800 Non-GAAP adjustments Severance 29 12 478 328 181 Merger related charges 337 275 2,722 399 1,234 Branch closure charges and costs related to expense initiatives 0 0 4,261 68 114 Marketing and brand refresh expense 0 0 697 0 0 Stock compensation expense and other incentive costs related to improved outlook 0 0 1,213 0 0 Miscellaneous losses (gains) 0 0 119 (45) 144 Net loss on OREO and repossessed assets 53 81 9 156 92 Asset dispositions expense 173 143 103 139 118 Total Adjusted Operating Expenses $24,288 $23,186 $34,011 $19,889 $20,683