8-K

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 27, 2016  

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 5

SEACOAST BANKING CORPORATION OF FLORIDA

Item 2.02 Results of Operations and Financial Condition

On July 27, 2016, Seacoast Banking Corporation of Florida (“Seacoast” or the “Company”) announced its financial results for the second quarter ended June 30, 2016.

A copy of the press release announcing Seacoast’s results for the second quarter ended June 30, 2016 is attached hereto as Exhibit 99.1 and incorporated herein by reference.

Item 7.01 Regulation FD Disclosure

On July 28, 2016, Seacoast held an investor conference call to discuss its financial results for the second quarter ended June 30, 2016. 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.net) 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, 2016, 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.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit No.	Description
99.1	Press Release dated July 27, 2016 with respect to Seacoast’s financial results for the second quarter ended June 30, 2016
99.2	Transcript of Seacoast’s investor conference call held on July 28, 2016 to discuss the Company’s financial results for the second quarter ended June 30, 2016
99.3	Data on website containing information used in the conference call held on July 28, 2016

8-K – page 3 of 5

Exhibits 99.1, 99.2 and 99.3 referenced herein contain “forward-looking statements” within the meaning of Section 28A 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, 2015 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 4 of 5

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:  August 2, 2016	By:	/s/ Stephen Fowle
		Stephen Fowle
		Executive Vice President and Chief Financial Officer

8-K – page 5 of 5

EXHIBIT INDEX

Exhibit No.	Description
99.1	Press Release dated July 27, 2016 with respect to Seacoast’s financial results for the second quarter ended June 30, 2016
99.2	Transcript of Seacoast’s investor conference call held on July 28, 2016 to discuss the Company’s financial results for the second quarter ended June 30, 2016
99.3	Data on website containing information used in the conference call held on July 28, 2016

EX-99.1

EXHIBIT 99.1

To Form 8-K dated July 27, 2016

SEACOAST BANKING CORPORATION OF FLORIDA

NEWS RELEASE

Stephen Fowle

Executive Vice President

Chief Financial Officer

(772) 463-8977

steve.fowle@seacoastbank.com

Seacoast Banking Reports Second Quarter 2016 Results

Second Quarter EPS Increased 27% to $0.14 Sequentially;

Adjusted EPS¹ Increased 21% to $0.23, Driven by Strong Revenue Growth

STUART, Fla., July 27, 2016 /PRNewswire/ — Seacoast Banking Corporation of Florida (“Seacoast” or “the Company”) (NASDAQ: SBCF) today reported results for the second quarter of 2016.

Seacoast reported net income of $5.3 million during the second quarter of 2016, compared to $4.0 million in the first quarter of 2016 and $5.8 million in the second quarter last year. Quarter over quarter, return on average assets (ROA) increased 7 basis points to 0.51% and return on tangible common equity (ROTCE) increased 150 basis points to 6.6%. During the quarter, Seacoast closed the previously announced acquisition of BMO Harris’ Orlando Banking operations including 14 traditional branch locations and its business banking team; and the second quarter 2016 results include $5.8 million in charges taken in conjunction with the BMO acquisition, branch closures and other non-core items¹.

The Company reported second quarter adjusted net income¹ of $8.8 million, a year-over-year increase of $2.7 million, or 45% and an increase of $2.0 million, or 30% (not annualized), from the prior quarter. Diluted earnings per common share (EPS) was $0.14 and adjusted diluted EPS¹ was $0.23, a $0.04 or 21% increase above the first quarter 2016 and $0.05 or 28% above the year-ago period.

Net income for the first half of 2016 was $9.3 million compared to $11.7 million in the first half of 2015. Diluted EPS was $0.25 compared to $0.35 in the same period of 2015. Adjusted net income¹ increased $3.4 million to $15.5 million for the first half of 2016 and adjusted¹ diluted EPS increased 15% to $0.42.

Second Quarter 2016 Earnings Highlights

· Adjusted revenues¹ increased $9.1 million, or 26% year-over-year, to $43.7 million; and increased $4.2 million, or 11% (not annualized), from the first quarter 2016.

· Net interest income improved $8.8 million, or 34% year-over-year, reflecting continued strong organic growth combined with the impact of strategic acquisitions.

· Adjusted fully diluted earnings per share¹ rose to $0.23, an increase of 28% year-over-year and 21% from the first quarter 2016.

· Adjusted return on assets¹ improved nine basis points to 0.84% over first quarter 2016, the return on tangible common equity¹ eclipsed the double digit mark, reaching 10.6% during the second quarter.

Second Quarter 2016 Growth Highlights

· Loans grew $679 million or 35% from year-ago levels. Adjusting for acquisitions, loans grew $234 million or 12% as consumer, small business, and mortgage loan production hit record levels during the second quarter.

· Debit card volume also reached a record high, increasing 9% over the prior quarter and 18% over Q2 2015.

· Acquisitions continue to fuel growth. Customers acquired from BankFirst show a 27% increase in total services 18 months from acquisition and customers acquired from the Grand Bank acquisition show a 10% improvement in total services less than a year from acquisition.

· Seacoast completed the acquisition and integration of BMO Harris’ Orlando banking operations during June 2016, making Seacoast the largest Florida-based bank in this MSA.

2016 Guidance

· Seacoast reaffirms 2016 adjusted diluted EPS¹ target of $1.00.

Dennis S. Hudson, III, Chairman and CEO said, “Seacoast’s increase in second quarter earnings shows the operating leverage created by our balanced growth strategy. We are sustaining our momentum in organic growth with record consumer, small business and mortgage loan expansion, combined with value-creating acquisitions and robust risk management. These successes provided a solid step forward towards our full-year 2016 adjusted EPS¹ goal of $1.00.

“Total loans increased $679 million or 35% over second quarter 2015 levels and $161 million or 7%, compared to the first quarter of this year. Excluding acquisitions, loans grew a strong 16%, annualized, from first quarter levels and 12% above the prior year’s second quarter. We are managing a granular loan portfolio while prudently limiting commercial real estate as a percent of total capital to ensure we are well-positioned for sustainable value creation.

‘We continue to execute our broader transformation, modernizing our sales and service delivery models to better align with customers’ rapidly changing expectations while retaining the best aspects of traditional community banking. Digital delivery of products and services through convenient non-branch channels again drove our consumer franchise this quarter. For example, 32% of all deposits were made outside the branch, compared to 30% in the prior quarter. Moreover, 23% of consumer loans were originated outside the branch, compared to 16% in Q2 2015.

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

“We are also beginning to realize significant cost savings through the execution of our digital transformation as our multi-channel delivery of banking services enables us to trim our physical presence while keeping customer satisfaction high. For example, we entered the year with eight Orlando branches, and acquired six Floridian and 14 BMO Harris locations in that market. By the end of the third quarter we will operate a total of 15 branches in the Orlando MSA, substantially reducing our physical presence in this market. We will continue to prudently refine our infrastructure as we move into the future.

“Data analytics and technology-assisted operational improvement are also helping us build efficiencies across our organization and drive process automation.  For example, during the second quarter, more than 40% of new consumer loan applications were provided a decision in an automated manner and loan documents were signed electronically, providing responsiveness and efficient service for our customers and cost savings for Seacoast.

“These facets of our strategy, when taken together, produced a solid step towards our long term goals. ROTCE grew 150 basis points and our efficiency ratio improved 370 basis points Our adjusted ROTCE¹ improved 210 basis points to double digit levels and our adjusted efficiency ratio¹ declined nearly 500 basis points to 65.1%, all while maintaining appropriate guardrails around our loan portfolio. We believe this year represents an inflection point in the execution of our strategy as we continue our growth and drive urgency in expense rationalization. We look forward to continued success over the next quarters and beyond,” Hudson concluded.

FINANCIAL HIGHLIGHTS	2Q16			1Q16			4Q15			3Q15			2Q15
(Dollars in thousands except per share data)
Total Assets	$	4,381,204		$	4,001,323		$	3,534,780		$	3,378,108		$	3,233,588
Loans		2,616,052			2,455,214			2,156,330			2,099,447			1,937,399
Deposits		3,501,316			3,222,447			2,844,387			2,742,296			2,605,177
Net Income		5,332			3,966			6,036			4,441			5,805
Diluted Earnings Per Share		0.14			0.11			0.18			0.13			0.18
Return on Average Assets (ROA)		0.51	%		0.44	%		0.69	%		0.52	%		0.72	%
Return on Average Tangible		6.6			5.1			7.8			5.9			8.2
Common Equity (ROTCE)
Net Interest Margin		3.63			3.68			3.67			3.75			3.50
Efficiency Ratio		78.0			81.7			72.6			76.3			68.6
Pretax, Pre-provision Income (1)	$	8,842		$	6,600		$	10,130		$	8,126		$	10,224
Average Diluted Shares		38,142			35,453			34,395			34,194			33,234
Outstanding (000)
Adjusted Net Income (1)	$	8,773		$	6,758		$	6,569		$	6,232		$	6,031
Adjusted Diluted Earnings Per Share (1)	$	0.23		$	0.19		$	0.19		$	0.18		$	0.18
Adjusted ROA (1)		0.84	%		0.75	%		0.75	%		0.77	%		0.75	%
Adjusted ROTCE (1)		10.6			8.5			8.9			8.2			8.7
Adjusted Efficiency Ratio (1)		65.1			70.0			69.1			69.4			68.4
Adjusted Pretax, Pre-provision Income (1)	$	14,607		$	11,082		$	10,990		$	10,990		$	10,589
Annualized Adjusted
Operating Expenses as a Percent of Average Assets (1)		2.77	%		3.05	%		3.00	%		3.10	%		2.98	%

Acquisitions Update

Hudson noted, “We are pleased to have completed the acquisition of BMO Harris’ Orlando banking operations and we look forward to introducing Seacoast’s product and services to these newly acquired customers. We completed the BMO Harris integration in early June, one quarter after closing on our acquisition of Floridian Financial. These acquisitions bring together three established central-Florida franchises and propel Seacoast to a top-ten position in Orlando, making us the largest Florida based bank in that market. The BMO Harris acquisition is yet another in the recent series of successful acquisitions that have provided us with opportunity to further deploy our model of digital service delivery.

“As a result of these recent acquisitions, as well as the successful integration of our BankFirst and Grand Bank branches, we continue to drive incremental value creation within Orlando and Palm Beach markets. Organic household growth remains very strong and cross sell statistics are above the healthy growth rates in our legacy markets,” Hudson concluded.

Florida Economic Update

“Florida continues to gain recognition for its strong economy and business friendly environment,” Hudson commented. “Job growth continues to outpace the nation by a wide margin. A recent Wells Fargo Economics Group research report, dated May 2016, commented, ‘While hiring decelerated in most of the country in May, Florida employers continued to add jobs at a breakneck pace. Following April’s upwardly revised gain of 34,900 jobs, the state added another 24,500 jobs in May.’”

“Additionally, Florida made CNBC’s 2016 top-ten list of the ‘Best states for Business’, citing a vibrant economy, solid infrastructure and strong workforce as top factors,” Hudson concluded. “Florida’s economic strength continues to serve as a tailwind as we execute on our fundamental business plan.”

https://www08.wellsfargomedia.com/assets/pdf/commercial/insights/economics/regional-reports/fl-employment-20160617.pdf

Second Quarter 2016 Income Statement Highlights

Organic Growth along with Merger Activity Drives Net Interest Income Growth

Net interest income for the quarter totaled $34.8 million, a $9.0 million or 35% increase from second quarter 2015 levels. Net interest margin expanded to 3.63%, a 13 basis point increase from the prior year. Year-over-year net interest income and margin increases reflect improved balance sheet mix combined with favorable yield / cost trends on all major asset and liability classes. Acquisition activity also contributed to net interest income gains as Seacoast welcomed customers from Floridian and BMO Harris, and continued to grow relationships with customers of other recent acquisitions.

Net interest income increased $4.5 million in the second quarter of 2016 compared to the first quarter of 2016, while net interest margin decreased five basis points from 3.68% in the prior quarter. The net interest income improvement was built through continued organic and acquisition-related loan growth as well as purchases of investment securities in anticipation of the BMO Harris acquisition, which added deposits of $317 million and $64 million of business banking loans. Investment securities leverage, combined with additional liquidity at the time of the acquisition, was the main contributor to net interest margin decline.

Noninterest Income Growth Driven by Franchise Growth

Noninterest income excluding securities gains, totaled $9.1 million for the second quarter of 2016, $0.3 million above $8.8 million recorded in the second quarter of 2015. Included in second quarter 2015’s noninterest income was a $725,000 gain on participated loan. Adjusting for the gain on the participated loan, fee income increased $1.0 million or 12%.   Significant contributors to the increase in noninterest income include mortgage banking revenue of $1.4 million, which increased $0.3 million or 33% from the year-ago period reflecting record originations. Strong increases in interchange income and deposit service charges, up 17% and 5%, respectively, reflect intentional customer analytics-driven cross sell combined with strong household growth and customer engagement.

Noninterest income excluding securities gains, increased $481,000 or 6% (not annualized) from first quarter 2016 levels. First quarter 2016 noninterest income included $464,000 in unanticipated non-taxable income related to the Bank’s investment in bank owned life insurance (BOLI). Excluding securities gains and the unanticipated BOLI income for first quarter 2016, noninterest income increased $945,000 or 11% from first quarter. Strength in mortgage banking revenue, as well as transaction-based fees such as interchange and deposit service charges also added to the linked-quarter gain. Other noninterest income increased at a strong pace, representing growth in our businesses and returns on certain CRA investments.

Noninterest Expense Reflects Merger Activity and Other Investments in Seacoast Strategy

Noninterest expense increased $10.5 million from the second quarter of 2015, largely driven by $5.8 million in expense related to the acquisition of 14 branch offices from BMO Harris on June 3, 2016 and other non-core expenses. Adjusted noninterest expense¹ increased $5.1 million from prior-year levels. The year-over-year increase in adjusted expense reflects ongoing costs related to the 2015 and 2016 acquisitions of Grand Bankshares and Floridian Financial Group and BMO Harris’ Orlando operations. Expenses also reflect support of organic growth of and investment in the franchise. Larger drivers include salary and benefits costs, occupancy and equipment and data processing expense, largely from acquisition activity. While adjusted noninterest expense grew 21% compared to prior year levels, revenues, excluding securities gains grew 26% - providing 5% operating leverage.

Noninterest expense increased $2.5 million from the first quarter, 2016. Adjusted noninterest expense¹ grew $1.7 million or 6%. Contributing to the higher adjusted noninterest expense during the second quarter of 2016 were salary and benefits costs, occupancy and equipment and data processing expense, largely from acquisition activity.

Second Quarter 2016 Balance Sheet Highlights

Strong Originations and Acquisition Activity Continue Loan Portfolio Build

Total loans were $2.62 billion, an increase of $679 million or 35% from the second quarter 2015. Excluding acquired loans, loans increased $234 million or 12% above the prior year. Loans increased $161 million or 7% (not annualized) from first quarter 2016. Adjusted for the BMO Harris acquisition, loans increased $97 million or 4.0% (not annualized) linked-quarter.

Loan production continued at a strong pace across all business lines. Commercial loan originations for the quarter exceeded $111 million, well ahead of 2015 levels, with the commercial pipeline (in underwriting and approval or approved and not yet closed) totaling $113 million at June 30, 2016. Consumer loan and small business originations totaled $81 million during the second quarter of 2016 compared to $55 million one year ago.

Closed residential production for the quarter totaled $104 million compared with $82 million during the second quarter 2015, with a total residential pipeline of $66 million as of June 30, 2016, up from $54 million one year ago.

(Dollars in thousands)	2Q16		1Q16		4Q15		3Q15		2Q15
Commercial pipeline	$	113,261	$	97,953	$	105,556	$	104,915	$	108,538
Commercial loans closed		111,133		67,252		80,003		71,823		85,815
Total Commercial loan originations and pipeline	$	224,394	$	165,205	$	185,559	$	176,738	$	194,353
Residential pipeline	$	66,083	$	57,739	$	30,340	$	37,958	$	53,902
Residential loans retained		64,003		36,335		24,905		36,027		45,596
Residential loans sold		39,499		30,345		35,278		37,996		36,182
Total Residential loan originations and pipeline	$	169,585	$	124,419	$	90,523	$	111,981	$	135,680

Credit Quality Remains Stable and Strong

The provision for loan losses was $662,000 for the second quarter of 2016, down from $855,000 in the second quarter 2015 and above $463,000 recorded in the first quarter 2016. The decrease in provision was driven by strong credit metrics, including $339,000 in net recoveries collected during the quarter, offset by the impact of continued loan growth. The ratio of allowance for loan losses to non-acquired loans was 1.01% as of June 30 2016, a slight decrease from 1.03% as of December 31, 2015.

Additional highlights include:

· Nonperforming loans to total loans outstanding at the end of the second quarter decreased to 0.58%, down from 1.01% as of June 30, 2015;

· Nonperforming assets to total assets declined to 0.55%, compared to 0.79% one year ago.

Deposits Built on Core Customer Growth and Acquired Deposits

Total deposits increased $3.5 billion, 34% above the second quarter 2015. Core customer funding increased to $3.30 billion, an $828 million or 34% increase. Excluding acquisitions, core customer funding increased by $158 million or 6% and total deposits increased $67 million or 3% above the second quarter 2015. Core customer funding increased $240 million or 8% (not annualized) and total deposits grew $279 million or 9% (not annualized), compared to the prior quarter. Excluding acquired deposits, core customer funding decreased slightly, by $16 million from end of first quarter 2016 levels, reflecting normal seasonality.

Noninterest demand deposits grew $93 million or 9% (not annualized) from the first quarter of 2016 and $338 million or 42% from the second quarter of 2015. Excluding acquired deposits, noninterest demand deposits increased $140 million or 17% from the end of the second quarter 2015 and represent a strong 33% of total deposits.

(Dollars in thousands)	Second Quarter 2016			First Quarter 2016			Fourth Quarter 2015			Third Quarter 2015			Second Quarter 2015
Customer Relationship Funding
Noninterest demand	$	1,146,791		$	1,054,069		$	854,447		$	869,877		$	808,429
Interest-bearing demand		776,389			750,904			734,749			618,344			599,268
Money market		860,930			741,657			665,353			660,632			621,973
Savings		330,928			313,179			295,851			286,810			282,588
Time certificates of deposit		386,278			362,638			293,987			306,633			292,919
Total deposits	$	3,501,316		$	3,222,447		$	2,844,387		$	2,742,296		$	2,605,177
Customer sweep accounts	$	183,387		$	198,330		$	172,005		$	148,607		$	157,676
Total core customer funding (1)	$	3,298,425		$	3,058,139		$	2,722,405		$	2,584,270		$	2,469,934
Demand deposit mix (noninterest bearing)		32.8	%		32.7	%		30.0	%		31.7	%		31.0	%

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

Other Highlights

Capital Ratios Remain Strong

As expected, capital ratios decreased in conjunction with the BMO Harris acquisition and remain well above regulatory requirements for well-capitalized institutions. The common equity tier 1 capital ratio (CET1) is estimated at 10.9% and the total capital ratio is estimated at 13.4% at June 30, 2016. The tier 1 leverage ratio is estimated at 9.3% at June 30, 2016. Ratios are down slightly as earnings during the first and second quarter were offset by acquisition activity.

Tangible book value per share increased $0.11 to $8.98 while book value per share increased $1.25 to $11.09 compared to the second quarter of 2015. Average tangible common equity to assets was 8.4% at June 30, 2016.

Conference Call Information

Seacoast will host a conference call on Thursday, July 28, 2016 at 10:00 a.m. (Eastern Time) to discuss the earnings results. Investors may call in (toll-free) by dialing (800) 697-5978 (passcode: 7908 524). 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 28, by dialing (888) 843-7419 and using passcode: 7908 524.

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 28, 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 $4.4 billion in assets and $3.5 billion in deposits as of June 30, 2016. The Company provides integrated financial services including commercial and retail banking, wealth management, and mortgage services to customers through advanced banking solutions, 52 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 Daytona Beach area, into Orlando and Central Florida, and west to Okeechobee and surrounding counties. More information about the Company is available at SeacoastBanking.com.

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, 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, or expect to acquire, 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, 2015, 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, and if not provided would be requested by the investor community. 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 adjusted net income, adjusted pretax, pre-provision income and adjusted diluted earnings per share (non-GAAP measures) as detailed in the table below⁽²⁾:

Dollars in thousands except per share data)	Second Quarter			First Quarter			Fourth Quarter			Third Quarter			Second Quarter
	2016			2016			2015			2015			2015
Net income (loss)	$	5,332		$	3,966		$	6,036		$	4,441		$	5,805
Boli Income		0			(464	)		0			0			0
Security (gains)		(47	)		(89	)		(1	)		(160	)		0
Bargain purchase gain		0			0			(416	)		0			0
Total Adjustments to Revenue		(47	)		(553	)		(417	)		(160	)		0
Severance		464			306			187			670			29
Merger related charges		2,448			4,038			1,043			2,120			337
Branch closure charges and costs related to expense initiatives		1,121			691			0			0			0
Other		0			0			0			121			0
Miscellaneous losses		0			0			48			112			0
Early redemption cost for FHLB advances		1,777			0			0			0			0
Total Adjustments to Noninterest Expense		5,810			5,035			1,278			3,023			366
Effective tax rate on adjustments		(2,322	)		(1,690	)		(328	)		(1,072	)		(140	)
Adjusted Net Income (1)		8,773			6,758			6,569			6,232			6,031
Adjusted earnings per diluted share (1)	$	0.23		$	0.19		$	0.19		$	0.18		$	0.18
Average shares outstanding (000)		38,142			35,453			34,395			34,194			33,234
Adjusted Net Income (1)	$	8,773		$	6,758		$	6,569		$	6,232		$	6,031
Provision for loan losses		662			199			369			987			855
Income taxes		5,172			4,125			4,052			3,771			3,703
Adjusted pretax, pre-provision income (1)	$	14,607		$	11,082		$	10,990		$	10,990		$	10,589
Revenue	$	43,604		$	38,852		$	36,882		$	37,093		$	34,512
Total Adjustments to Revenue		(47	)		(553	)		(417	)		(160	)		0
Adjusted Revenue	$	43,651		$	39,405		$	37,299		$	37,253		$	34,512
Noninterest Expense	$	34,808		$	32,341		$	27,169		$	29,127		$	24,288
Total Adjustments to Noninterest Expense		5,810			5,035			1,278			3,023			366
Adjusted Noninterest Expense	$	28,998		$	27,306		$	25,891		$	26,104		$	23,922

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

(2) Presentation has been revised in accordance with SEC's Division of Corporation Finance Compliance and Disclosure Interpretations, Non-GAAP Financial Measures" issued May 17, 2016

FINANCIAL  HIGHLIGHTS	(Unaudited)	08/01/16
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,
	2016			2016			2015			2016			2015
Summary of Earnings
Net income	$	5,332		$	3,966		$	5,805		$	9,298		$	11,664
Net interest income  (1)		34,801			30,349			25,788			65,150			51,622
Net interest margin  (1), (2)		3.63			3.68			3.50			3.65			3.56
Performance Ratios
Return on average assets-GAAP basis (2), (3)		0.51	%		0.44	%		0.72	%		0.48	%		0.74	%
Return on average shareholders' equity-GAAP basis (2), (3)		5.15			4.30			7.13			4.75			7.27
Return on average tangible shareholders' equity-GAAP basis (2), (3), (4)		6.62			5.13			8.20			5.89			8.35
Efficiency ratio (5)		78.01			81.73			68.57			79.76			68.45
Noninterest income to total revenue		20.89			22.21			25.63			21.52			23.92
Per Share Data
Net income diluted-GAAP basis	$	0.14		$	0.11		$	0.18		$	0.25		$	0.35
Net income basic-GAAP basis		0.14			0.11			0.18			0.26			0.35
Book value per share common		11.20			10.91			9.84			11.20			9.84
Tangible book value per share		9.08			9.17			8.87			9.08			8.87
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.

(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 and bargain purchase gain, net).

FINANCIAL  HIGHLIGHTS

SEACOAST  BANKING  CORPORATION  OF  FLORIDA  AND  SUBSIDIARIES

	June 30,			March 31,			June 30,
(Dollars in thousands, except share data)	2016			2016			2015
Selected Financial Data
Total assets	$	4,381,204		$	4,001,323		$	3,233,588
Securities available for sale (at fair value)		923,560			905,182			762,086
Securities held for investment (at amortized cost)		401,570			198,231			214,777
Net loans		2,595,327			2,435,490			1,918,608
Deposits		3,501,316			3,222,447			2,605,177
Total shareholders' equity		425,429			413,788			326,856
Average Balances (Year-to-Date)
Total average assets	$	3,904,091		$	3,601,381		$	3,188,334
Less: intangible assets		53,228			37,006			31,707
Total average tangible assets	$	3,850,863		$	3,564,375		$	3,156,627
Total average equity	$	393,782		$	370,816		$	323,359
Less: intangible assets		53,228			37,006			31,707
Total average tangible equity	$	340,554		$	333,810		$	291,652
Credit Analysis
Net (recoveries) year-to-date - non-acquired loans	$	(854	)	$	(539	)	$	(621	)
Net charge-offs year-to-date - acquired loans		118			142			189
Total net charge-offs (recoveries) year-to-date	$	(736	)	$	(397	)	$	(432	)
Net (recoveries) to average loans (annualized) - non-acquired loans		(0.07	)%		(0.10	)%		(0.07	)%
Net charge-offs to average loans (annualized) - acquired loans		0.01			0.03			0.02
Total net charge-offs (recoveries) to average loans (annualized)		(0.06	)		(0.07	)		(0.05	)
Loan loss provision (recapture) year-to-date - non-acquired loans	$	403		$	(20	)	$	563
Loan loss provision year-to-date - acquired loans		458			219			725
Total loan loss provision year-to-date	$	861		$	199		$	1,288
Allowance to loans at end of period - non-acquired loans		1.01	%		1.04	%		1.10	%
Discount for credit losses to acquired loans at end of period		3.96			3.79			3.32
Nonperforming loans - non-acquired loans	$	10,919		$	11,881		$	15,054
Nonperforming loans - acquired loans		4,360			3,707			4,543
Other real estate owned - non-acquired		3,791			5,042			4,855
Other real estate owned - acquired		1,644			2,415			1,053
Other real estate owned – branches out of service		3,259			634			0
Total nonperforming assets	$	23,973		$	23,679		$	25,505
Restructured loans (accruing)	$	20,337		$	19,956		$	23,441
Purchased noncredit impaired loans	$	554,519		$	558,262		$	275,964
Purchased credit impaired loans		13,652			16,531			6,562
Total acquired loans	$	568,171		$	574,793		$	282,526
Nonperforming loans to loans at end of period - non-acquired loans		0.42	%		0.48	%		0.78	%
Nonperforming loans to loans at end of period - acquired loans		0.16			0.15			0.23
Total nonperforming loans to loans at end of period		0.58			0.63			1.01
Nonperforming assets to total assets - non-acquired		0.41	%		0.44	%		0.62	%
Nonperforming assets to total assets - acquired		0.14			0.15			0.17
Total nonperforming assets to total assets		0.55			0.59			0.79

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)	2016			2015		2016			2015
Interest on securities:
Taxable	$	6,603		$	4,977	$	12,286		$	9,875
Nontaxable		299			147		463			297
Interest and fees on loans		29,244			21,988		55,278			44,009
Interest on federal funds sold and other investments		433			249		723			498
Total Interest Income		36,579			27,361		68,750			54,679
Interest on deposits		688			524		1,292			925
Interest on time certificates		550			321		863			668
Interest on borrowed money		848			850		1,880			1,710
Total Interest Expense		2,086			1,695		4,035			3,303
Net Interest Income		34,493			25,666		64,715			51,376
Provision for loan losses		662			855		861			1,288
Net Interest Income After Provision for Loan Losses		33,831			24,811		63,854			50,088
Noninterest income:
Service charges on deposit accounts		2,230			2,115		4,359			4,117
Trust fees		838			759		1,644			1,560
Mortgage banking fees		1,364			1,032		2,363			2,120
Brokerage commissions and fees		470			576		1,101			1,017
Marine finance fees		279			492		420			689
Interchange income		2,370			2,033		4,587			3,770
Other deposit based EFT fees		116			96		243			210
BOLI income		379			334		1,220			664
Gain on participated loan		0			725		0			725
Other		1,065			684		1,804			1,282
		9,111			8,846		17,741			16,154
Securities gains, net		47			0		136			0
Total Noninterest Income		9,158			8,846		17,877			16,154
Noninterest expenses:
Salaries and wages		13,884			9,301		27,283			18,090
Employee benefits		2,521			2,541		5,003			4,956
Outsourced data processing costs		2,803			2,234		7,242			4,418
Telephone / data lines		539			443		1,067			939
Occupancy		3,645			2,011		6,617			4,034
Furniture and equipment		1,283			819		2,281			1,551
Marketing		957			1,226		2,006			2,201
Legal and professional fees		2,656			1,590		5,013			3,253
FDIC assessments		643			520		1,187			1,109
Amortization of intangibles		593			315		1,039			630
Asset dispositions expense		160			173		250			316
Net (gain)/loss on other real estate owned and repossessed assets		(201	)		53		(252	)		134
Early redemption cost for Federal Home Loan Bank advances		1,777			0		1,777			0
Other		3,548			3,062		6,636			5,843
Total Noninterest Expenses		34,808			24,288		67,149			47,474
Income Before Income Taxes		8,181			9,369		14,582			18,768
Income taxes		2,849			3,564		5,284			7,104
Net Income	$	5,332		$	5,805	$	9,298		$	11,664
Per share of common stock:
Net income diluted	$	0.14		$	0.18	$	0.25		$	0.35
Net income basic		0.14			0.18		0.26			0.35
Cash dividends declared		0.00			0.00		0.00			0.00
Average diluted shares outstanding		38,141,550			33,233,508		36,797,259			33,184,764
Average basic shares outstanding		37,470,071			32,978,006		36,159,473			32,971,670

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

	QUARTER
	2016						2015
(Dollars in thousands)	Second			First			Fourth			Third		Second
Interest on securities:
Taxable	$	6,603		$	5,683		$	5,312		$	5,154	$	4,977
Nontaxable		299			164			144			144		147
Interest and fees on loans		29,244			26,034			25,184			25,276		21,988
Interest on federal funds sold and other investments		433			290			275			249		249
Total Interest Income		36,579			32,171			30,915			30,823		27,361
Interest on deposits		688			604			598			562		524
Interest on time certificates		550			313			265			295		321
Interest on borrowed money		848			1,032			952			955		850
Total Interest Expense		2,086			1,949			1,815			1,812		1,695
Net Interest Income		34,493			30,222			29,100			29,011		25,666
Provision for loan losses		662			199			369			987		855
Net Interest Income After Provision for Loan Losses		33,831			30,023			28,731			28,024		24,811
Noninterest income:
Service charges on deposit accounts		2,230			2,129			2,229			2,217		2,115
Trust fees		838			806			791			781		759
Mortgage banking fees		1,364			999			955			1,177		1,032
Brokerage commissions and fees		470			631			511			604		576
Marine finance fees		279			141			205			258		492
Interchange income		2,370			2,217			1,989			1,925		2,033
Other deposit based EFT fees		116			127			99			88		96
BOLI income		379			841			396			366		334
Gain on participated loan		0			0			0			0		725
Other		1,065			739			607			666		684
		9,111			8,630			7,782			8,082		8,846
Securities gains, net		47			89			1			160		0
Bargain purchase gain, net		0			0			416			0		0
Total Noninterest Income		9,158			8,719			8,199			8,242		8,846
Noninterest expenses:
Salaries and wages		13,884			13,399			11,135			11,850		9,301
Employee benefits		2,521			2,482			2,178			2,430		2,541
Outsourced data processing costs		2,803			4,439			2,455			3,277		2,234
Telephone / data lines		539			528			412			446		443
Occupancy		3,645			2,972			2,314			2,396		2,011
Furniture and equipment		1,283			998			1,000			883		819
Marketing		957			1,049			1,128			1,099		1,226
Legal and professional fees		2,656			2,357			2,580			2,189		1,590
FDIC assessments		643			544			551			552		520
Amortization of intangibles		593			446			397			397		315
Asset dispositions expense		160			90			79			77		173
Net (gain)/loss on other real estate owned and repossessed assets		(201	)		(51	)		(157	)		262		53
Early redemption cost for Federal Home Loan Bank advances		1,777			0			0			0		0
Other		3,548			3,088			3,097			3,269		3,062
Total Noninterest Expenses		34,808			32,341			27,169			29,127		24,288
Income Before Income Taxes		8,181			6,401			9,761			7,139		9,369
Income taxes		2,849			2,435			3,725			2,698		3,564
Net Income	$	5,332		$	3,966		$	6,036		$	4,441	$	5,805
Per share of common stock:
Net income diluted	$	0.14		$	0.11		$	0.18		$	0.13	$	0.18
Net income basic		0.14			0.11			0.18			0.13		0.18
Cash dividends declared		0.00			0.00			0.00			0.00		0.00
Average diluted shares outstanding		38,141,550			35,452,968			34,395,373			34,193,540		33,233,508
Average basic shares outstanding		37,470,071			34,848,875			34,115,697			33,907,178		32,978,006

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

	June 30,			December 31,			June 30,
(Dollars in thousands, except share data)	2016			2015			2015
Assets
Cash and due from banks	$	113,028		$	81,216		$	86,904
Interest bearing deposits with other banks		13,774			54,851			7,844
Total  Cash and Cash Equivalents		126,802			136,067			94,748
Securities:
Available for sale (at fair value)		923,560			790,766			762,086
Held for investment (at amortized cost)		401,570			203,525			214,777
Total Securities		1,325,130			994,291			976,863
Loans held for sale		20,075			23,998			19,656
Loans		2,616,052			2,156,330			1,937,399
Less: Allowance for loan losses		(20,725	)		(19,128	)		(18,791	)
Net Loans		2,595,327			2,137,202			1,918,608
Bank premises and equipment, net		63,817			54,579			50,028
Other real estate owned		8,694			7,039			5,908
Goodwill		64,123			25,211			25,211
Other intangible assets		16,154			8,594			6,824
Bank owned life insurance		43,729			43,579			36,291
Net deferred tax assets		62,648			60,274			58,631
Other assets		54,705			43,946			40,820
	$	4,381,204		$	3,534,780		$	3,233,588
Liabilities and Shareholders' Equity
Liabilities
Deposits
Noninterest demand	$	1,146,792		$	854,447		$	808,429
Interest-bearing demand		776,388			734,749			599,268
Savings		330,928			295,851			282,588
Money market		860,930			665,353			621,973
Other time certificates		172,816			153,318			158,091
Brokered time certificates		9,216			9,403			8,237
Time certificates of $100,000 or more		204,246			131,266			126,591
Total Deposits		3,501,316			2,844,387			2,605,177
Securities sold under agreements to repurchase		183,387			172,005			157,676
Federal Home Loan Bank borrowings		151,000			50,000			65,000
Subordinated debt		70,101			69,961			64,670
Other liabilities		49,971			44,974			14,209
		3,955,775			3,181,327			2,906,732
Shareholders' Equity
Common stock		3,799			3,435			3,300
Additional paid in capital		451,542			399,162			380,553
Accumulated deficit		(33,560	)		(42,858	)		(53,336	)
Treasury stock		(482	)		(73	)		(64	)
		421,299			359,666			330,453
Accumulated other comprehensive (loss), net		4,130			(6,213	)		(3,597	)
Total Shareholders' Equity		425,429			353,453			326,856
	$	4,381,204		$	3,534,780		$	3,233,588
Common Shares Outstanding		37,993,013			34,351,409			33,220,511

Note: The balance sheet at December 31, 2015 has been derived from the audited financial statements at that date.

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

	QUARTERS
	2016						2015
(Dollars in thousands, except per share data)	Second			First			Fourth			Third			Second
Net income	$	5,332		$	3,966		$	6,036		$	4,441		$	5,805
Operating Ratios
Return on average assets-GAAP basis (2),(3)		0.51	%		0.44	%		0.69	%		0.52	%		0.72	%
Return on average tangible assets (2),(3),(4)		0.56			0.48			0.73			0.56			0.75
Return on average shareholders' equity-GAAP basis (2),(3)		5.15			4.30			6.78			5.05			7.13
Efficiency ratio (5)		78.01			81.73			72.57			76.29			68.57
Noninterest income to total revenue		20.89			22.21			21.10			21.79			25.63
Net interest margin (1),(2)		3.63			3.68			3.67			3.75			3.50
Average equity to average assets		9.91			10.30			10.20			10.34			10.12
Credit Analysis Excluding Acquired Loans
Net charge-offs (recoveries) - non-acquired loans	$	(315	)	$	(539	)	$	245		$	(233	)	$	(358	)
Net charge-offs - acquired loans		(24	)		142			324			683			143
Total net charge-offs (recoveries)	$	(339	)	$	(397	)	$	569		$	450		$	(215	)
Net charge-offs (recoveries) to average loans - non-acquired loans		(0.05	)%		(0.10	)%		0.05	%		(0.04	)%		(0.08	)%
Net charge-offs to average loans - acquired loans		0.00			0.03			0.06			0.12			0.03
Total net charge-offs (recoveries) to average loans		(0.05	)		(0.07	)		0.11			0.08			(0.05	)
Loan loss provision (recapture) - non-acquired loans	$	423		$	(20	)	$	(40	)	$	852		$	271
Loan loss provision - acquired loans		239			219			409			135			584
Total loan loss provision	$	662		$	199		$	369		$	987		$	855
Allowance to loans at end of period - non-acquired loans		1.01	%		1.04	%		1.03	%		1.11	%		1.10	%
Discount for credit losses to acquired loans at end of period		3.96			3.79			4.24			4.13			3.32
Nonperforming loans - non-acquired loans	$	10,919		$	11,881		$	12,758		$	14,474		$	15,054
Nonperforming loans - acquired loans		4,360			3,707			4,628			2,636			4,543
Other real estate owned - non-acquired		3,791			5,042			3,699			4,183			4,855
Other real estate owned - acquired		1,644			2,415			3,340			3,250			1,053
Other real estate owned – branches out of service		3,259			634			0			0			0
Total nonperforming assets	$	23,973		$	23,679		$	24,425		$	24,543		$	25,505
Restructured loans (accruing)	$	20,337		$	19,956		$	19,970		$	20,543		$	23,441
Purchased noncredit impaired loans	$	554,519		$	558,262		$	320,349		$	355,739		$	284,978
Purchased credit impaired loans		13,652			16,531			12,109			12,673			6,562
Total acquired loans	$	568,171		$	574,793		$	332,458		$	368,412		$	291,540
Nonperforming loans to loans at end of period - non-acquired loans		0.42	%		0.48	%		0.59	%		0.69	%		0.78	%
Nonperforming loans to loans at end of period - acquired loans		0.16			0.15			0.22			0.12			0.23
Total nonperforming loans to loans at end of period		0.58			0.63			0.81			0.81			1.01
Nonperforming assets to total assets - non-acquired		0.41	%		0.44	%		0.47	%		0.55	%		0.62	%
Nonperforming assets to total assets - acquired		0.14			0.15			0.22			0.18			0.17
Total nonperforming assets to total assets		0.55			0.59			0.69			0.73			0.79
Per Share Common Stock
Net income diluted-GAAP basis	$	0.14		$	0.11		$	0.18		$	0.13		$	0.18
Net income basic-GAAP basis		0.14			0.11			0.18			0.13			0.18
Cash dividends declared		0.00			0.00			0.00			0.00			0.00
Book value per share common		11.20			10.91			10.29			10.20			9.84
Average Balances
Total average assets	$	4,206,800		$	3,601,381		$	3,463,277		$	3,373,858		$	3,225,127
Less: Intangible assets		69,449			37,006			34,457			35,185			32,188
Total average tangible assets	$	4,137,351		$	3,564,375		$	3,428,820		$	3,338,673		$	3,192,939
Total average equity	$	416,748		$	370,816		$	353,392		$	348,901		$	326,338
Less: Intangible assets		69,449			37,006			34,457			35,185			32,188
Total average tangible equity	$	347,299		$	333,810		$	318,935		$	313,716		$	294,150

(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 and bargain purchase gain, net).

	June 30,		December 31,		June 30,
SECURITIES	2016		2015		2015
	$8,994.00				$13,913.00
U.S. Treasury and U.S. Government Agencies	$	13,560	$	3,911	$	3,843
Mortgage-backed		601,392		539,688		558,561
Collateralized loan obligations		123,019		122,583		124,241
Obligations of states and political subdivisions		64,435		39,891		22,873
Corporate and other debt securities		77,699		44,273		31,981
Private commercial mortgage backed securities		43,455		40,420		20,587
Securities Available for Sale		923,560		790,766		762,086
Mortgage-backed		360,126		162,225		173,477
Collateralized loan obligations		41,444		41,300		41,300
Securities Held for Investment		401,570		203,525		214,777
Total Securities	$	1,325,130	$	994,291	$	976,863

	June 30,		December 31,		June 30,
LOANS	2016		2015		2015
Construction and land development	$	142,387	$	108,787	$	95,178
Real estate mortgage		2,033,829		1,733,163		1,588,105
Installment loans to individuals		115,513		85,356		62,913
Commercial and financial		323,466		228,517		190,325
Other loans		857		507		878
Total Loans	$	2,616,052	$	2,156,330	$	1,937,399

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

	2016																2015
	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	$	1,185,022		$	6,603		2.23	%	$	996,301		$	5,683		2.28	%	$	957,374		$	4,977		2.08	%
Nontaxable		28,445			459		6.45			17,929			251		5.60			15,311			225		5.87
Total Securities		1,213,468			7,062		2.33			1,014,230			5,934		2.34			972,685			5,202		2.14
Federal funds sold and other  investments		110,636			433		1.57			52,213			290		2.23			79,031			249		1.26
Loans,  net		2,532,533			29,392		4.67			2,246,773			26,074		4.67			1,904,011			22,032		4.64
Total Earning Assets		3,856,637			36,887		3.85			3,313,216			32,298		3.92			2,955,727			27,483		3.73
Allowance for loan losses		(20,185	)							(19,558	)							(18,247	)
Cash and due from banks		92,159								81,947								71,858
Premises and equipment		63,149								57,062								49,275
Intangible assets		69,449								37,006								32,188
Bank owned life insurance		43,542								43,647								36,111
Other assets		102,049								88,061								98,215
	$	4,206,800							$	3,601,381							$	3,225,127
Liabilities and Shareholders' Equity
Interest-bearing liabilities:
Interest-bearing demand	$	755,206		$	161		0.09	%	$	710,083		$	155		0.09	%	$	612,433		$	110		0.07	%
Savings		322,567			39		0.05			303,207			37		0.05			279,354			41		0.06
Money market		810,709			488		0.24			667,466			412		0.25			607,271			373		0.25
Time deposits		366,263			550		0.60			304,401			313		0.41			303,802			321		0.42
Federal funds purchased and
securities sold under agreements to repurchase		195,802			129		0.26			185,728			127		0.28			167,903			77		0.18
Federal Home Loan Bank borrowings		171,011			215		0.51			57,308			409		2.87			50,165			400		3.20
Other borrowings		70,064			504		2.89			69,987			496		2.85			64,649			373		2.31
Total Interest-Bearing Liabilities		2,691,622			2,086		0.31			2,298,180			1,949		0.34			2,085,577			1,695		0.33
Noninterest demand		1,059,039								906,231								795,707
Other liabilities		39,391								26,154								17,505
Total Liabilities		3,790,052								3,230,565								2,898,789
Shareholders' equity		416,748								370,816								326,338
	$	4,206,800							$	3,601,381							$	3,225,127
Interest expense as a % of earning assets							0.22	%							0.24	%							0.23	%
Net interest income as a % of earning assets				$	34,801		3.63	%				$	30,349		3.68	%				$	25,788		3.50	%

(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

	2016				2015
(Dollars in thousands)	Second Quarter		First Quarter		Fourth Quarter		Third Quarter		Second Quarter
Customer Relationship Funding (Period End)
Noninterest demand
Commercial	$	860,953	$	768,890	$	592,621	$	619,960	$	561,742
Retail		211,722		212,367		198,077		182,381		180,484
Public funds		44,275		52,244		46,300		47,765		47,913
Other		29,842		20,568		17,449		19,771		18,290
		1,146,792		1,054,069		854,447		869,877		808,429
Interest-bearing demand
Commercial		102,105		101,767		77,500		69,037		60,411
Retail		549,301		496,846		479,056		443,022		410,601
Public funds		124,982		152,291		178,193		106,285		128,256
		776,388		750,904		734,749		618,344		599,268
Total transaction accounts
Commercial		963,058		870,657		670,121		688,997		622,153
Retail		761,023		709,213		677,133		625,403		591,085
Public funds		169,257		204,535		224,493		154,050		176,169
Other		29,842		20,568		17,449		19,771		18,290
		1,923,180		1,804,973		1,589,196		1,488,221		1,407,697
Savings		330,928		313,179		295,851		286,810		282,588
Money market
Commercial		293,724		271,567		208,520		225,629		191,061
Retail		419,821		380,233		312,756		306,138		272,853
Public funds		147,385		89,857		144,077		128,865		158,059
		860,930		741,657		665,353		660,632		621,973
Time certificates of deposit		386,278		362,638		293,987		306,633		292,919
Total Deposits	$	3,501,316	$	3,222,447	$	2,844,387	$	2,742,296	$	2,605,177
Customer sweep accounts	$	183,387	$	198,330	$	172,005	$	148,607	$	157,676
Total core customer funding (1)	$	3,298,425	$	3,058,139	$	2,722,405	$	2,584,270	$	2,469,934

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

EX-99.2

EXHIBIT 99.2

To Form 8-K dated July 27, 2016

Seacoast Banking Corporation of Florida

Second Quarter Earnings Conference Call

July 28, 2016

9:00 AM Central Time

SPEAKERS

Dennis S. Hudson, III – Chief Executive Officer

Stephen Fowle – Chief Financial Officer

ANALYSTS

Peter Ruiz – Sandler O’Neill

Michael Young – SunTrust

Bob Ramsey – FBR Capital

PRESENTATION

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

I will now turn the call over to Dennis Hudson. Mr. Hudson, you may begin.

Dennis Hudson: Thank you for joining us today for our second quarter 2016 earnings conference call. Our press release issued yesterday after the market closed and updated investor presentation slides with supplementary information are posted on the investor portion of our website at www.seacoastbanking.com. You can find that information under Investor Services at the top of the page and then drop down to Presentations.

Seacoast Banking Corporation of Florida

Exhibit 99.2

to Form 8-K Dated July 27, 2016

Page 2

Before we begin, I’ll direct your attention, as always, to the statement contained at the end of our press release regarding forward-looking statements that we’ll be making during the call. We’ll be discussing issues that constitute forward-looking statements within the meaning of the Securities and Exchange Act and our comments today are intended to be covered within the meaning of the Act.

With me in the room today is Steve Fowle, our Chief Financial Officer, who is going to discuss our financial and operating results. Also in the room are Chuck Shaffer, who heads our Community Banking Division; Chuck Cross, who heads our Commercial Banking Division; David Houdeshell, our Chief Risk Officer; and Jeff Lee, Marketing and Analytics. All of us will be available to answer your questions following the conclusion of our prepared remarks.

The second quarter results show that Seacoast’s balanced growth strategy, combining investments in our digital transformation to power stronger organic growth and reduce our costs and the benefits from our recent strategic acquisitions, are all on track and producing results for shareholders.

The second quarter featured year-on-year revenue growth of 26% and 28% growth in adjusted fully diluted earnings per share. Seacoast’s data-driven, multi-channel approach to cross-selling drove strong results, contributing to record-high consumer, small business, and mortgage quarterly loan production, as well as record-breaking debit card volumes.

We’ve been implementing Seacoast’s methodical transformation for the last eight quarters and it is continuing as planned. While we benefit from the internet, our strategy is not to be an internet bank, rather it’s to be a community bank that has been remade for success in the digitally-enabled consumer-centric banking environment we see in the 21^st century.

Seacoast Banking Corporation of Florida

Exhibit 99.2

to Form 8-K Dated July 27, 2016

Page 3

Our performance metrics underscore the value we’re creating for shareholders. Our return on assets improved 9 basis points to 0.84% compared with 0.75% in the last year’s second quarter. Our return on tangible common equity reached 10.6%, a 190 basis point improvement from 8.7% last year, and a 210 basis point improvement over the 8.5% in the first quarter. And we have reduced our efficiency ratio this quarter to 65% compared to 70% during the first quarter. We expect these metrics to continue to improve as the quarters rollout over the balance of this year.

Our cross-sell model is meaningfully deepening our relationships with customers. Consumer loans sold to existing households continues to grow with a Q2 annualized growth rate of 81% in consumer loans over the comparable quarter in 2015, and 175% growth over the same quarter one year earlier in 2014.

New deposit accounts sold to existing households continues to grow as well with a Q2 annualized growth rate of 32% over the second quarter of last year and 75% growth over the 2014 second quarter. Seacoast’s balanced growth strategy combines organic investments and acquired growth from our acquisitions. Q2 organic household growth was right around 1% or around 2.6% annualized.

Our pace slowed this quarter as we saw attrition from some of the branch closures in some of our rural markets. We welcomed our new households from BMO in the second quarter, bringing our household growth inclusive of the acquisition to a little over 8%. The former BankFIRST and Grand Bank franchises continue to show strong household growth at 2.5% for the quarter or around 10% annualized.

Through our acquisitions we have strengthened our presence in Central Florida. We’re now Orlando’s largest Florida-based bank and are a top ten bank in that market, one of the nation’s fastest-growing markets. In fact, Orlando led the U.S. in job creation in 2015. We are also now number one in terms of our market share in the fast-growing Port St. Lucie MSA, which includes the city of Port St. Lucie, which is Florida’s eighth largest city.

Seacoast Banking Corporation of Florida

Exhibit 99.2

to Form 8-K Dated July 27, 2016

Page 4

We now have an enviable position in Central Florida, which as you know has a diversified economy and thriving business services, technology, healthcare, and education sectors. At its simplest, Seacoast’s digital transformation is focused on three things: modernizing how we sell with an intense focus on cross-sell; lowering our cost to serve by driving routine transactions to lower cost channels; and driving improvements in how our business operates by using analytics and technology.

I’d like to give shareholders an update on cost reduction and profits improvement to show the progress we’re making. When we completed the acquisition of the BMO branches on June 6^th, we added 14 BMO locations to our 6 Floridian locations and 8 existing branches in the Central Florida market. Because we have deep information on customer use patterns, and highly effective lower cost distribution channels, we have great flexibility as we reshape our branch network, and by the end of the third quarter of this year, we anticipate that we’ll have reduced our Orlando branch footprint from 28 to 15 locations.

We’ve continued our momentum in moving routine servicing transactions out of the branch; 32% of checks were deposited via mobile, ATMs and scanners compared to 30% in Q1 and 24% a year ago. Checks deposited via our mobile app are nearing a total of 10% in total checks deposited. This equates to an annualized number of over 820,000 or a little less than 1 million basic check transactions that are currently being driven to our mobile app and our ATMs.

Consumer loans booked outside of the branch grew to 22% during the second quarter compared with 16% last year. Second quarter deposit accounts opened outside of the branch grew to 11% compared with 6% a year ago; 28% of our eligible primary consumer checking accounts are actively engaged with mobile banking, an 18% increase in users in just the last six months alone. And we’re automating a portion of our back office processes with more than 40% of new consumer loan applications now being closed using eSign on the internet and benefitting from our automated underwriting.

Seacoast Banking Corporation of Florida

Exhibit 99.2

to Form 8-K Dated July 27, 2016

Page 5

We’re convinced that future success will come from continuing to take the best of community banking, our strong and well-recognized local brand, our reputation for service, and our commitment to our communities and combining it with digital analytics and marketing to deliver banking services through our mobile, online, ATM, and our 24/7 Florida-based call center channels. These are convenient, always-on channels that customers overwhelmingly want and are lower cost than our legacy cash transaction-based brick and mortar network.

Moreover, when customers do want to see us face to face, we want them to be met by well trained and highly motivated branch personnel who again benefit from ready access to data on customers they’re serving.

In that regard, I want to mention that during the quarter we implemented our Living Wage Program, bringing all of our associates up to at least $14 per hour. This affected about a sixth of our associates who earned less than this level. While the financial impact to the company is minimal, the impact on our brand and our commitment to our communities and to our associates is enormous. As a result of this strong, affirmative step, we’ll be better able to attract and retain the well-qualified associates who are committed to building a career in financial services and who can deliver the highly customized service that our business model increasingly requires. It is with some pride, I note, that Seacoast implemented this system on April 15^th, actually two months before JP Morgan’s well-publicized similar initiative.

Seacoast Banking Corporation of Florida

Exhibit 99.2

to Form 8-K Dated July 27, 2016

Page 6

We’re now midway through the 2016 fiscal year. Our results this quarter show that shareholders are benefitting from the effective implementation of our balanced growth strategy. We have completed four acquisitions in the past three years, and Seacoast is now a major player in the attractive Florida geography. We have demonstrated our ability to convert these banks smoothly and by using digital analytics and digital channels, we’ve retained their customers and have grown the services we sell to them. We believe that our reputation as a seasoned aggregator of banks will benefit us in completing additional, carefully considered acquisitions going forward. At the same time, we’ve nearly doubled deposits in the past few years while adding only relatively few branches.

The final plank of our digital strategy, helping to rationalize our cost structure, is now gearing up and has much further to run. As the results this quarter show, we’re improving our return on tangible common equity and our efficiency ratio while we’re growing a low risk loan book and investing in transforming the bank. We’re on track to achieving our guidance of $1 per adjusted share in diluted EPS this year.

One final note before I pass the baton over to Steve Fowle, we are not increasing our assets by overly emphasizing commercial real estate. Seacoast’s CRE loans, as a percentage of risk-based capital, are a little under 200% and this compares with a median of a little under 300% for our peer banks in this state. Our growth in CRE is deliberate and it’s controlled. Rapid expansion of a bank’s CRE portfolio is a way to grow quickly, but with substantial risk when the cycle changes. We have put into place and are following mechanisms and policies and ensure this will not happen at Seacoast.

With that, I’d like to turn the call over to Steve, who’s going to discuss in a little more detail the results we posted for the quarter and afterwards, as always, we look forward to taking a few questions. Steve?

Seacoast Banking Corporation of Florida

Exhibit 99.2

to Form 8-K Dated July 27, 2016

Page 7

Stephen Fowle: Thank you, Denny, and thanks to all of you for taking the time to join us this morning. Second quarter growth reflects the continued execution of our business strategy, the transformation Denny just discussed, and a step toward our 2016 goal of $1 adjusted earnings per share. We reported GAAP earnings of $5.3 million or $0.14 per diluted share compared to $4 million or $0.11 per share in the first quarter this year and $5.8 million or $0.18 per diluted share in the year ago period.

Our second quarter GAAP earnings include a number of non-core items as detailed in our press release, including expenses incurred from the closing and integration of BMO Harris and their Orlando operations and trailing expenses from last quarter’s Floridian acquisition, expenses related to branch closures, including both legacy Seacoast branches and acquired branches, and a charge take in conjunction with the early termination of Federal Home Loan Bank borrowings.

These acquisitions will provide strong returns for Seacoast, including expected IRRs near 20% or better, while the FHLB advanced pre-payment and branch consolidations provide additional economic benefits for our company. As typical for the banking industry, we exclude securities gains from our adjusted earnings.

This quarter we’ve revised our adjusted entries for this quarter and historically in response to the SEC’s recent guidance on non-GAAP presentations. This change led us to eliminate adjustments for ROA expenses and asset disposition costs which were relatively small dollar adjustments. Adjusted net income increased $2 million or 29% from first quarter levels to $8.8 million; adjusted earnings increased $2.7 million or 45% from the year ago period.

Seacoast Banking Corporation of Florida

Exhibit 99.2

to Form 8-K Dated July 27, 2016

Page 8

Adjusted diluted earnings per share increased to $0.23, up 21% linked quarter and 28% year-over-year. Our operating metrics also reflect a step forward for our business model. Adjusted ROA improved 9 basis points to 84 basis points, and our adjusted efficiency ratio improved 490 basis points to 65.1%. Adjusted return on tangible common equity improved 210 basis points, eclipsing the double digit mark to 10.6%. This is remarkable improvement in a short period of time and shows the impact of our transformational efforts.

We continue to build financial results on strong balance sheet growth. Our team drove record quarterly production in consumer mortgage in small business loans as data-enabled cross-sell complemented our community bank convenience and service model. Our loan portfolio grew $679 million or 35% compared to the prior year and $161 million or 7% not annualized above the first quarter.

Adjusting for acquired loans, we grew $234 million or 12% from the second quarter 2015 and $97 million or 4%, again not annualized, quarter-over-quarter. Pipelines were strong across business lines as we exited the quarter.

Amid this loan growth, we managed our portfolio with improving credit guardrails. Here are just two examples. First, we continue to maintain our commercial real estate portfolio to our internal guidelines, well below regulatory suggested levels, holding steady at near 200% of total capital and well below Florida peers. And second, our ten largest relationships represent only 34% of capital; in these ten relationships aggregation is just $137 million, less than $14 million per relationship on average, evidencing a very granular portfolio.

Before talking about future expectations, let me take you through our income statement. Second quarter performance was the result of continued increases in topline revenue growth reflecting organic household growth and cross-sell augmented by focused acquisition activity. Additionally, while the increase in expenses reflect growth from acquired franchises, we remain heavily focused on expense rationalization of these acquired companies as well as further expense management within our legacy business.

Seacoast Banking Corporation of Florida

Exhibit 99.2

to Form 8-K Dated July 27, 2016

Page 9

Revenue improved considerably, increasing $9.1 million or 26% over prior year levels and $4.2 million or 11%, not annualized, above the first quarter. We’ve built strong net interest income momentum, as the benefit of recent acquisitions, augmented organic growth, as well as continued success in cross-sell execution, as Denny noted in his remarks.

This quarter, we grew net interest income to $34.8 million and $8.8 million or 34% increase compared to prior year levels and $4.3 million or 14%, not annualized, above the first quarter.

While the yield and cost of most asset and liability classes were relatively stable quarter-over-quarter, our margin percent decreased from first quarter levels. This decrease is due to securities leverage and excess liquidity as we prepared for deposits from the BMO Harris branch acquisition. This leverage helped net interest income dollars, but decreased net interest margin. With that said, our margin has improved year-over-year due to loan portfolio growth, improved securities yields, and funding costs as we effectively managed asset sensitivity and liability pricing.

With regards to provision for loan losses, strong loan growth more than offset continued net recoveries, and steadily improving asset quality metrics this quarter to drive a $662,000 provision for loan losses, up from $199,000 in the first quarter of 2016 and down from $855,000 in the second quarter of 2015. Our allowance for loan losses to non-acquired loans decreased slightly to 1.01% but stayed above 1% of loans.

Seacoast Banking Corporation of Florida

Exhibit 99.2

to Form 8-K Dated July 27, 2016

Page 10

We also grew non-interest income as we continued to serve and cross-sell into our growing household base. Overall fee income, excluding securities gains, grew nearly $0.5 million or 6% not annualized quarter-over-quarter to $9.1 million. First quarter results included nearly $500,000 in unanticipated BOLI income so adjusted fee income increased $945,000 or 11% quarter-over-quarter.

Non-interest income increased $0.3 million from year ago levels. The second quarter of 2015 included a $725,000 gain on a participated loan, so adjusting for this loan, fee income increased $1 million or 12%. Significant contributors to fee income growth include transaction-based items like deposit service charges and interchange income, which increased 5% and 17% respectively. Mortgage banking revenue also increased a respectable 32% from prior year, reflecting a record quarter of production despite adding a greater percentage of our mortgage production to our portfolio.

Expenses also increased year-over-year and sequentially, driven by acquisitions and a heightened level of non-core, especially merger-related costs. Non-interest expense increased $10.5 million from the second quarter of 2015 to $34.8 million. Excluding merger-related and other non-core expenses in both periods, adjusted non-interest expense increased $5.1 million from prior year levels. The year-over-year increase in adjusted expense reflect ongoing costs related to three bank acquisitions made over this period as well as investment in growth, including accelerated business lenders, mortgage and wealth businesses and expansion of our outbound call center. The most significant increases came in salary and benefits cost, occupancy and equipment and data processing expense, where you’d expect acquisition activity to impact expenses.

As we indicated in our earnings release, well-adjusted non-interest expense grew 21% compared to prior year levels; revenues, excluding securities gains, grew 26% providing 500 basis points of operating leverage.

Seacoast Banking Corporation of Florida

Exhibit 99.2

to Form 8-K Dated July 27, 2016

Page 11

Non-interest expense increased $2.5 million on linked quarter basis. Adjusted non-interest expense grew $1.7 million or 6%. Contributing to the higher adjusted non-interest expense during the second quarter of 2016 were salary and benefits costs, occupancy and equipment and data processing expenses attributed to ongoing costs from acquired businesses.

Now, let me turn to expectations for the remainder of the year. In January of this year, we introduced our $1 dollar adjusted earnings per share goal for 2016 based on our expectations of steady loan growth, expense management, acquisitions, and a rising rate scenario as implied by the forward rate curve as we exited last year.

As you know, the external environment has changed, which has weighed on both Seacoast and the banking industry. However, we take our goals seriously, and we are actively managing our company to respond to market conditions. We believe, based on the actions we’ve taken and will take during the second half of the year, our $1 dollar adjusted EPS goal is still achievable.

As I mentioned earlier, we accelerated securities purchases ahead of our initial timing and made essentially all of our purchases by the early part of June, completing this before rates took their last sharp step downward. As a result, we were able to maintain our securities portfolio yield at prior quarter levels. We completed our BMO acquisition in a net borrowed position, as we are also preparing for seasonal public fund inflows anticipated in late third and early fourth quarters.

Going forward, we expect a slowly rising net interest margin as we improve balance sheet mix, built by a combination of low double-digit organic loan growth, acquired loans from BMO, and decreased levels of higher cost wholesale borrowings. As a reminder, we added more than $60 million in loans and well over $300 million in deposits through the BMO Harris acquisition during June, which will be a positive in Q3, the first full quarter following the acquisition.

Seacoast Banking Corporation of Florida

Exhibit 99.2

to Form 8-K Dated July 27, 2016

Page 12

Fee income should also provide an outsized lift. First, we already have begun to see contribution from BMO customers on transaction-related and treasury business. We also anticipate further benefit from our mortgage business as production continues to show strength, and as we sell a greater percent of our loans. And we anticipate Seacoast’s trademark customer analytics-driven cross-sell will continue to benefit us not only in strong loan growth, but also in fee income improvement. Despite some seasonality working against us, we anticipate fee income growth sequentially similar to what we saw during the second quarter before slowing to a more normal and seasonally positive fourth quarter.

With regards to expenses, I do want to mention that we anticipate additional non-recurring expenses related to our acquisitions mostly as we close branches during the upcoming quarter. My comments on expenses, then will relate to earnings adjusted for such non-core items.

Acquisition activity has added ongoing operating expense. While some of the operating expense will continue in support of acquired businesses, much will be eliminated as we progress through the year and consolidate branches.

The BMO acquisition and a full quarter of Floridian added about $2 million to $2.5 million of expenses over the first quarter levels in the second quarter, and we would expect savings as we continue to consolidate locations. The timing of these acquisitions and the timing of branch consolidations make it hard to verbally explain the expense dynamics. However, the chart on slide 49 of our investor deck posted on our website will give you a feel for the timing of expense increases and eliminations from the two acquisitions.

Seacoast Banking Corporation of Florida

Exhibit 99.2

to Form 8-K Dated July 27, 2016

Page 13

You’ll see from the graph on slide 49 that the bulk of the overall expense increase from the two acquisitions is reflected in Q2 expense figures. This is the case as non-branch costs added with Floridian were carried for the full second quarter and that the average branch counts, which I think of as variable costs, for Q2 and Q3 are approximately the same. These variable or branch costs are eliminated by the fourth quarter.

Additionally, our digital capabilities provide opportunity for further automation and streamlining. We continually review opportunities to improve our expense structure and are particularly keen on managing expenses in light of the current environment. So combined with ongoing expense management at Seacoast, our normalized expenses should see only slight increases as we move through Q3 and Q4 so that we will end the year with an efficiency ratio in the low 60s.

Additionally, based on current activity, we are expecting an increase in net recoveries in the upcoming quarter that we expect to lead to a lower provision during the third quarter while still allowing us to maintain our prudent coverage of non-acquired loans.

Finally, this lower-for-longer environment has served as another reminder of the urgency of the transformation that is underway at Seacoast. With our focus on our 2016 goal, and expectations for continued momentum beyond 2016, we also have become even more focused on accelerating our transformation. We look forward to further updates as we progress through this year and continue to focus on growing value for our shareholders.

I’ll now return the call back to Denny.

Seacoast Banking Corporation of Florida

Exhibit 99.2

to Form 8-K Dated July 27, 2016

Page 14

Dennis Hudson: Thanks, Steve. And, operator, we’d be pleased to take a few questions.

Operator: Thank you. We will now begin the question and answer session. (Operator instructions.) And our first question comes from Stephen Scouten with Sandler O’Neill. You may begin.

Peter Ruiz: Hi, guys. This is actually Peter Ruiz on for Stephen.

Steve Fowle: Hi, Peter.

Dennis Hudson: Hi, Peter.

Peter Ruiz: Just I wanted to get your thoughts on the comments that you made in your prepared remarks and also on the press release where you were talking about the commercial real estate as a percent of total capital. That’s obviously been a theme this earning season, so I was just wondering, have you seen any increased comments from regulators or is there any additional pressure from that or is this just a home-grown concern?

Dennis Hudson: We have no concern about CRE, and if you interpreted our comments to suggest we’re slowing our growth in CRE, that’s not what we’re saying. What we’re saying is that we are executing a plan to grow our loan portfolio that is balanced and we were making that point that our CRE exposure is quite low compared with other companies.

And so we will continue to grow CRE, but we will grow it in a careful manner as we go forward, and we’ll grow it within our guardrails that have pretty significant impacts on the granularity and the diversity of that portfolio. So you’re going to continue to see overall loan growth and we’ll have nice CRE growth. I’m not sure if I captured your question or concern.

Seacoast Banking Corporation of Florida

Exhibit 99.2

to Form 8-K Dated July 27, 2016

Page 15

Peter Ruiz: Yes, absolutely. That’s great. Thanks for that color. I guess, just switching gears a little bit, this might be for Steve, but obviously the NIM was lower on some of that excess liquidity from the branch acquisitions and preparing for those. So would you assume that given a little bit of deployment of that liquidity maybe in second half, that you could see a stable NIM from here, maybe in 3Q and 4Q?

Steve Fowle: Yes. I think that combined with the nice loan growth we’ve gotten, and the ability to change the makeup of our balance sheet as a result that it should be stable to slightly increasing as we move forward. I’d lean towards slightly increasing from what our modeling is showing us.

Peter Ruiz: Okay. That’s great. That’s it for me.

Steve Fowle: Great.

Dennis Hudson: Thank you, Peter.

Operator: And our next question comes from Michael Young with SunTrust. You may begin.

Michael Young: Hi. Good morning.

Dennis Hudson: Good morning, Michael.

Seacoast Banking Corporation of Florida

Exhibit 99.2

to Form 8-K Dated July 27, 2016

Page 16

Michael Young: Steve, I appreciate all the color on the branch numbers and deposit rates and everything on slide 49; it’s very helpful. I just wanted to maybe start off with what you’re seeing in terms of deposit retention from the branch acquisition at this point.

Chuck Shaffer: Michael, I’ll take that. It’s Chuck Shaffer. So far, everything has gone right according to plan. Particularly in the Orlando market, in the consolidated Floridian franchise, as well as BMO, we’ve seen very little runoff and it’s gone extremely well. Out in some of the branch locations in the middle of the state that we consolidated, where we have vast distances between branches, we’ve seen a little more runoff but it’s exactly where we expected. So nothing abnormal and it’s actually all performed quite well.

Michael Young: Okay. Great. And I just wanted to also ask, going forward, given how that’s gone and the Floridian deal, should we be expecting additional acquisitions? Are you seeing a decent pipeline in Florida or is it going to be more focused on the Accelerate initiative from here, just what your thoughts are on organic versus inorganic growth?

Dennis Hudson: Yes. Well, we continue to say and continue to execute a very balanced strategy around growth and I’ve said many times that we lead with organic growth. If we can’t be growing this company organically, then we probably shouldn’t be doing this. And we’ve had some very strong organic growth numbers as you heard in terms of loan growth, particularly this quarter, and as you look across the last couple of years, we’ve had very strong organic growth.

We look for acquisitions to supplement that growth where it really makes sense, so really the key attribute for us is focusing on the customers that we’re acquiring and determining whether they fit into our strategy going forward. Thus far, the acquisitions have significantly improved some of our performance metrics as we’ve integrated them into this larger issue of transformation, so they’re very impactful, and we’ll continue to look for opportunities. As we stated earlier, that continues to be a component of our value creation, and when we see opportunities to do that, we certainly want to take advantage of them.

Seacoast Banking Corporation of Florida

Exhibit 99.2

to Form 8-K Dated July 27, 2016

Page 17

So while I wouldn’t say we lead with M&A, we do use it to supplement our organic growth and so we’ll continue to see that. I think in the environment out there right now, there are a lot of smaller banks that maybe have questionable value, but we’ll just continue to stay alert to opportunities.

Michael Young: And, I guess, going back to the CRE hot topic in the industry, would you be reticent to acquire a bank? I mean, obviously the banks in Florida are a little more heavily CRE given the market, would you be reticent to acquire one that maybe had higher concentrations there?

Dennis Hudson: That’s a good question and the advantage of M&A, vis-à-vis the whole CRE question is purchase accounting and the ability to really look carefully at those portfolios. The good news is depending on the acquisition candidate, they tend to be far more granular. That’s a good thing for us, and they tend to give you more exposure or more balanced exposure to other markets in some cases. So it would just all depend on the situation.

We are receiving no concerns. In fact, I’ve had great conversations with our regulators about this and because of the way we drive our growth, particularly being careful around CRE, I think we have capacity there for some growth. But you’re right, it could be a limiting factor depending on the situation. That would be one of the many factors we’d consider.

Seacoast Banking Corporation of Florida

Exhibit 99.2

to Form 8-K Dated July 27, 2016

Page 18

But suffice it to say, I think that the primary point here and the headline around this conversation would be that we today operate with an extraordinarily low concentration in CRE, which—you could look at it another way—provides us with some opportunity.

Michael Young: Okay. Great. And, Steve, just one last one on the securities book from here, obviously I would expect those balances to come down with loan growth. How should we think about earning asset growth maybe relative to loan growth if that’s an easy way to sort of characterize it?

Steve Fowle: Yes. I think you’re right. We leveraged the balance sheet to the point we thought was appropriate through the end of the year, so the growth in the balance sheet will come from loan originations as we move forward. Is that what you’re asking?

Michael Young: Yes, yes. That’s it. Alright. Thanks. That’s all for me.

Dennis Hudson: Thank you, Michael.

Operator: And our next question comes from Bob Ramsey with FBR. You may begin.

Bob Ramsey: Hi. Good morning. I just wanted to clarify around margin. I think you guys said earlier you expect it to be stable to slightly increasing, and I thought there would be some compression from the BMO branch acquisition and securities around that. Is that already what we see in the second quarter, or is there a little bit of pressure from the full quarter impact of that deal in the third quarter and from there you’re stable, or if you could just clarify a little bit?

Seacoast Banking Corporation of Florida

Exhibit 99.2

to Form 8-K Dated July 27, 2016

Page 19

Steve Fowle: Yes. Well, I think a lot of it is behind us, maybe not all of it but a lot of it is behind us, because we did do the bulk of the securities purchases before the middle of the quarter. The compression to margin really had to do with those securities purchases as well as a little bit of excess liquidity right around the acquisition time.

So again, our model is showing that we’ve got upside opportunity as we move forward, which means that the dynamics from the acquisition, like replacing Federal Home Loan Bank borrowings with their lower cost deposits, adding their loans onto our balance sheet, the loan growth that we had at the end of the quarter, and other factors are going to more than outweigh both the additional compression from securities and the overall competitiveness in the rate environment.

Dennis Hudson: Also, the deposit book we acquired there was extraordinary; I think over 56% or 57% are checking accounts. We’re talking a lot of zero cost deposits there, so it was a solid move, we thought.

Bob Ramsey: Okay. Great. That’s helpful. And then, shifting to expenses, with the full quarter impact of BMO, do you end up a little bit above $29 million to $30 million in the third quarter? I’m just trying to get a sense of what the run rate is before you get some of the savings in there.

Dennis Hudson: Let me give a few general comments about the dynamics that are at work here just to kind of clarify, and then maybe Steve could weigh-in. There have been a lot of questions about how we get to the dollar. We published that dollar as a goal in January, and we’ve talked a little bit earlier, Steve gave some good comments about that, but I look at it as being driven by acquisition dynamics and transformation dynamics.

Seacoast Banking Corporation of Florida

Exhibit 99.2

to Form 8-K Dated July 27, 2016

Page 20

And starting with the acquisition dynamics, this is how I think about it. In Q2, we had the impact of BMO in terms of the revenue impacts, really for one month as we closed at the tail-end of Q2, and we had virtually none of the cost-outs. We also absorbed in Q2 most of the impact of the Floridian cost-outs and a full quarter or a full load of Floridian revenue.

As we flip ahead to Q3, we begin to absorb all of the Floridian cost-outs, a full quarter impact of those cost-outs and just some of the BMO cost-outs combined with all of the BMO revenue impact for the quarter. And then, finally, as we get into Q4, we pick up the full revenue and the full cost-out impact of both BMO and Floridian with actually little to no cost add-backs in the rest of the enterprise.

And then when I look at transformation dynamics, we’re speeding up our transformation dynamics in response to the rate challenge, and those dynamics are driving operating leverage, greater revenue momentum and greater efficiency as we scale up some of the automation that we put in place over the last couple of years to create much greater operating margins. And that continues as we look out and lay that onto our forecast in Q3 and in Q4.

So while we could look at the environmental changes as a real challenge and a headwind, I view it more as a catalyst for us to move much faster as we go forward.

I’d also just encourage people on the phone, we’ve developed a lot of proprietary tools to drive our business model and invite all of you to come down and spend some time with us here in our facility so that we can show you some of the things we’re doing to drive revenue momentum and create this efficiency as we leverage up and drive operating margin.

Seacoast Banking Corporation of Florida

Exhibit 99.2

to Form 8-K Dated July 27, 2016

Page 21

Steve, do you have anything to add?

Steve Fowle: Yes, I’ll just tag onto that. So, again, we maintain focus on expense management in our legacy organization. As an example from Q1 to Q2, our adjusted expenses increased by $1.7 million and that came despite operating expenses from BMO and Floridian that added, we think about $2 million to $2.5 million, so our legacy cost actually came down quarter-to-quarter.

Now with our strong organic growth, we can’t expect that every quarter, but I think that’s just an example of the focus that we do have, and the opportunity that we do have on a continuing basis, for expense management.

Bob Ramsey: Okay. Great. Thank you. And then, one other question, shifting gears, I wonder if you could comment on the relationship with CapGen? They obviously publicly expressed some frustration about tangible book value growth and GAAP profitability. I’m just curious if they’ve expressed specific targets for those or other measures and sort of any thoughts there.

Dennis Hudson: Well, it’s kind of silly to talk about GAAP as a driver for investors in a period where we did four acquisitions. It’s hard to make sense of that, so we’ll continue to focus on adjusted, as I think it’s very helpful to investors to understand the underlying core results of the company. And we’re quite pleased with the results we’ve produced and the growth that we’ve produced.

We’re on target. We’ve had some of the highest growth or the most significant growth we’ve seen, and we think the opportunities in this market are tremendous for us to continue those trends. So when you stand back and look at it and look forward to where we’re headed, we’re actually quite pleased. And as we look into 2017, we’ll continue to feel the full year impact of all of those acquisition dynamics that were evident in 2016 and the deeper effects of the transformation dynamics that we talked about earlier in the call as we speed our processes up.

Seacoast Banking Corporation of Florida

Exhibit 99.2

to Form 8-K Dated July 27, 2016

Page 22

So these dynamics, I think, will continue to drive value as we look forward. I think investors, including CapGen, should be pleased with the results that we’re producing and that we see us beginning to deliver even out into ’17. There is growing evidence out there that speed to transformation is an important key to becoming a growth company.

Bob Ramsey: Okay. And the differences between GAAP and non-GAAP will shrink in the third quarter and should be pretty negligible fourth quarter and beyond. Is that right?

Dennis Hudson: Yes. I think that’s an accurate portrayal.

Bob Ramsey: Okay. Great. Thank you.

Dennis Hudson: Thank you.

Operator: (Operator instructions.) And we are standing by for further questions.

Dennis Hudson: Well, thank you very much for attending today. We really look forward to meeting with you again in the next quarter to talk about our Q3 results. Again, as I said earlier, we invite all of you to come down and visit us and take a look at some of the things that we’re developing and implementing in terms of changes in business model to help us as we drive even better organic growth and operating leverage over the next couple of quarters. Thank you.

Seacoast Banking Corporation of Florida

Exhibit 99.2

to Form 8-K Dated July 27, 2016

Page 23

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

EX-99.3

Exhibit 99.3

Investor Presentation Q2 - 2016 Contact : (email) Steve.Fowle@SeacoastBank.com (phone) 772.463.8977 (web) www.Sea coa stBanking.com

This presentation 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 , 2015 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 . 2 Investor Presentation Cautionary Notice Regarding Forward - Looking Statements

Agenda • About Seacoast Bank • Seacoast’s Investment Thesis – Successfully Executing a Differentiated Strategy for Balanced Growth • 2016 Outlook • Company Performance • Appendix Investor Presentation 3

Agenda • $4.4B assets bank operating in the nation’s third most - populous state • Strong and growing presence in two of Florida’s most attractive MSAs • Top 10 bank in Orlando • Growing share in West Palm Beach • #1 share in Port St Lucie MSA, 8 th largest market in Florida • Investing in digital transformation, innovative business banking delivery • Growth - oriented culture, engaged associate base, strong customer advocacy • Engaged and independent board • Voted a “2015 Best Places To Work” in Orlando • Market Cap : $631 million (7/22/16) Seacoast Bank [NASDAQ: SBCF ] Attractive Geography; Deep Local Roots; Benefiting from Investments in Digital Transformation and Commercial Loan Platform, and Strategic Acquisitions 4 Orlando MSA West Palm Beach, Ft Lauderdale MSA Investor Presentation Seacoast Customer Map Port St Lucie MSA

Agenda Investment Thesis Successfully Executing a Differentiated Strategy for Balanced Growth 5 Investor Presentation x Reaping benefits of strategic investments in organic growth and digital transformation x Track record of completing value - creating acquisitions in growing markets x Robust risk management and controls yielding consistent, sustainable results x Action - oriented management team, engaged and experienced board that is committed to building shareholder value x Well - positioned to benefit from strong Florida economy Targeting 2016 adjusted diluted EPS of $1.00, up 33% from our 2015 results

68.4% 65.1% 62% 64% 66% 68% 70% 2Q15 2Q16 $0.18 $0.23 $- $0.05 $0.10 $0.15 $0.20 $0.25 2Q15 2Q16 8.7% 10.6% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 2Q15 2Q16 Second Quarter 2016 Results Demonstrate the Effectiveness of Seacoast’s Balanced Growth Strategy 6 Investor Presentation Key metrics continue to improve even as we prudently manage CRE exposures and invest in our transformation Fully Diluted EPS – Adjusted 1 ROTCE – Adjusted 1 Efficiency Ratio – Adjusted 1 1. See appendix for definition of non - GAAP metrics 27.7% Improvement 21.8% Improvement 4.8% Improvement

“Our analysis suggests that winners may realize a profit upside of 40 percent or more ” “Banks that can match the agility and innovation potential of other industries can reap pre - tax ROE levels of 18% to 25%. ” “ I can imagine us about five, ten years from now talking about efficiency ratios in the low 40s, high 30s. The value at stake is quite substantial .” “The banking sector in 2020 is a land of opportunity , provided that banks trim their sails to better adjust to emerging headwinds” “Banks have three to five years at most to become digitally proficient. If they fail to take action, they risk entering a spiral of decline similar to laggards in other industries.” “Our analysis suggests that digital laggards could see up to 35 percent of net profit eroded …” “ We expect no letup in the pace of change. Within the next five years, digital sales have the potential to account for 40 percent or more of new inflow revenue.” “We estimate that 15% to 25% of today’s North American financial institutions could be gone by 2020 .” We View Digital T ransformation as an Imperative and the Return to Shareholders is Substantial Opportunities Threats According to McKinsey and Accenture… Investor Presentation 7 See Appendix slides 43 - 48 for details on Seacoast’s approach to digital t ransformation

At its core, Seacoast’s digital transformation is focused on three things … • M odernizing how we sell, with an intense focus on cross - sell • L owering our cost to serve by driving routine transactions to lower - cost channels • D riving improvements in how our business operates by using analytics and technology Seacoast is convinced that future success will come from continuing to take the best of community banking… …our strong and well - recognized local brand, reputation for service, and commitment to our communities… …and combining it with digital analytics, marketing and technology to deliver banking services through our mobile, online, ATMs and our 24/7 Florida - based call center channels. Seacoast’s Digital Transformation: Goals and Vision Investor Presentation 8

Agenda • About Seacoast Bank • Seacoast’s Investment Thesis – Successfully Executing a Differentiated Strategy for Balanced Growth • 2016 Outlook • Company Performance • Appendix Investor Presentation 9

Agenda Investment Thesis Successfully Executing a Differentiated Strategy for Balanced Growth 10 Investor Presentation x Reaping benefits of strategic investments in organic growth and digital transformation • Leader in organic customer acquisition, cross selling and shifting routine transactions out of the branch by capitalizing on digital technology • Innovative Accelerate business banking platform driving balanced loan growth x Track record of completing value - creating acquisitions x Robust risk management and controls yielding consistent, sustainable results x Action - oriented management team, engaged and experienced board that is committed to building shareholder value x Well - positioned to benefit from strong Florida economy

50 60 70 80 90 100 110 Jan-14 Mar-14 May-14 Jul-14 Sep-14 Nov-14 Jan-15 Mar-15 May-15 Jul-15 Sep-15 Nov-15 Jan-16 Mar-16 May-16 $0.0 $0.5 $1.0 $1.5 $2.0 $2.5 $3.0 Jan-14 Mar-14 May-14 Jul-14 Sep-14 Nov-14 Jan-15 Mar-15 May-15 Jul-15 Sep-15 Nov-15 Jan-16 Mar-16 May 2016 $0.0 $0.5 $1.0 $1.5 $2.0 $2.5 $3.0 $3.5 $4.0 Jan-14 Mar-14 May-14 Jul-14 Sep-14 Nov-14 Jan-15 Mar-15 May-15 Jul-15 Sep-15 Nov-15 Jan-16 Mar-16 May-16 Seacoast Is Growing Its Customer Base Both Organically And Via Strategic Acquisitions 11 Investor Presentation Organic Household Growth Up 10%, 44% Including M&A Billions Organic HH Growth of 10% Since Jan ‘14 Organic Deposit Growth Up 18%, 92% Including M&A Organic Loan Growth Up 28%, 102% Including M&A Thousands Balanced Growth Strategy Delivering Results. Since January 2014… Billions Organic Loan Growth of 28% Since Jan ‘14 Organic Deposit Growth of 1 8% Since Jan ‘14 Industry Growth Rate*= 13% Industry Growth Rate*= 20% Source: Board of Governors of the Federal Reserve H.8: Commercial Banks in the United States Total Including Acquisitions Total Excluding Acquisitions

Seacoast Is Monetizing Its Small Business and Consumer Customer Base Via Effective Cross Selling… 12 Investor Presentation Cross Sell of Loans Up 223% Since YE ‘13 Cross Sell of Deposit Accounts Up 112% Since YE ‘13 Cross Sell of Debit Cards Up 95% Since YE ‘13 Number of unit sales to existing small business and consumer customers $6.3mm in incremental net interest income 1 $3.3mm+ in incremental revenue 1 $1.3mm in incremental revenue 1 Cross Selling is a Seacoast Competency Which Drives Incremental Growth 1. Cumulative Incremental net interest income or revenue improvement since 2013 attributable to cross selling improvement. D eposits funds transfer priced at approximately 2%. 2016 Annualized 878 1,253 2,085 2,832 - 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 2013 2014 2015 2016 8,677 10,265 13,321 18,364 8,000 10,000 12,000 14,000 16,000 18,000 20,000 22,000 2013 2014 2015 2016 2016 Annualized 2016 Annualized 9,337 12,089 15,126 18,227 5,000 10,000 15,000 20,000 25,000 2013 2014 2015 2016

…And Seacoast Customers Increasingly Choose Non - Branch * Channels To Conduct Business 13 Investor Presentation *Non - branch channels include Seacoast’s 24x7 call center based in Florida, website, online banking, and mobile banking Investments in digital and call center paying off for shareholders Non - branch sales make Seacoast less dependent on branches to drive revenue, which is especially important as customers adopt lower cost servicing channels. 6.6% 16.4% 11.6% 22.6% 0% 5% 10% 15% 20% 25% Deposit Accounts Consumer Loans Q2 '15 Q2 '16 % of Unit Sales To Current Customers Completed Outside of Branch Network

50,000 80,000 110,000 140,000 170,000 200,000 230,000 260,000 Jan-14 Apr-14 Jul-14 Oct-14 Jan-15 Apr-15 Jul-15 Oct-15 Jan-16 Apr-16 Jul-16 Oct-16 Jan-17 Apr-17 Jul-17 Oct-17 Teller Non-Teller Non - Branch Servicing Is A Key Component of Our Transformation Strategy 14 Investor Presentation 81% 19% 0% 20% 40% 60% 80% 100% Basic deposits and withdrawals 81% of All Teller Transactions Are Simple Deposits and/or Withdrawals… …And Seacoast Is Aggressively Moving Routine Transactions to ATMs and Digital Channels. Customer Satisfaction Remains High, Cross Selling Continues To Grow Even As Routine Transactions Shift To Lower Cost Channels Non - Teller to Surpass Teller by August ‘17 at Current Pace Seacoast has already shifted routine transactions to lower cost channels, current transactions already surpass the volume of 12 branches combined 160k Annual Expense Savings Impact of Over $4.5mm

$1,768 $1,800 $2,420 $2,840 $3,760 $48 $53 $56 $66 $80 $40 $45 $50 $55 $60 $65 $70 $75 $80 $85 $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 $4,000 2012 2013 2014 2015 2016 Total Deposits (mm) Deposits Per Branch(mm) As The Result, Seacoast Is Growing While Rationalizing Branches. Expected Deposits Per Branch of $ 80mm by Year End 2016 As Seacoast continues to create shareholder value via operating leverage in its branch network. See appendix slide 49 for further details. Since YE 2012, Deposits Have Increased 113% While Branches Have Increased Only 19% Investor Presentation 15

□ Focused on businesses with revenues $5mm+ in specific industry verticals □ Six offices in key metro areas of Florida (three in South Florida, three in Orlando) □ Comprehensive relationship approach: business, treasury, lending, wealth Seacoast’s Focus On Business B anking Is Driving Significant Growth in Loans Outstanding 16 Investor Presentation □ Focused on businesses with revenues less than $5mm in specific industry verticals □ Utilizes the retail network, with Calling Officers assigned to specific regions M illions 161% G rowth S ince YE 2013 $632 $1,048 $1,295 $1,555 $1,653 $- $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 $1,800 Dec 13 Dec 14 Dec 15 Mar 16 Jun 16 Millions Commercial/SBS

Agenda Investment Thesis Successfully Executing a Differentiated Strategy for Balanced Growth 17 Investor Presentation x Reaping benefits of strategic investments in organic growth and transformation x Track record of completing value - creating acquisitions • Opportunistic deals that expand our footprint and strengthen our franchise • Proven integration capabilities • Proven ability to retain and monetize newly acquired customer sets • Ready supply of attractive targets

Agenda BankFIRST Acquisition H ighlights – 18 months since conversion • IRR exceeded internal target of 19% • HH growth in acquired branches = +9% • Cross sell growth (sales to existing customers) • Avg Services = +26% • Consumer Installment Loans = +55% • Consumer Lines of Credit = +23% • Debit Cards = +13% • Mobile Banking = +258% Grand Bank Acquisition Highlights – 10 months since conversion • IRR exceeded internal target of 24% • HH growth in acquired branches = 7 % • Cross sell growth (sales to existing customers) • Avg Services = +7.2% • Debit Cards = +12% • Mobile Banking = +46% • Online Banking = +24% Seacoast Has A Proven Ability To Grow Acquired Banks By Attracting New Households And Cross Selling 18 BankFIRST acquisition in Orlando MSA Grand Bank acquisition in West Palm Beach MSA Investor Presentation

Floridian Financial Group • 10 Branch Franchise in Daytona and Orlando, along attractive I - 4 Corridor • Compelling Financial Metrics Announced: - Approximately 20% IRR - Tangible book value dilution earn back of 4.2 years - EPS accretion of $ 0.02 in 2016, $0.07 - $0.09 in 2017 • Acquisition closed and converted in March 2016 Agenda With Recently Completed Acquisitions, Seacoast Is Now A Top 10 Bank In The Attractive Orlando Market 19 Floridian acquisition in Orlando MSA BMO Harris acquisition in Orlando MSA Investor Presentation BMO Harris Orlando Banking Operations • 14 Branch Franchise in Orlando, including Orlando Business Banking Team • Compelling Financial Metrics Announced: - IRR in excess of 20% - More than 6% accretive to 2016 EPS • Acquisition closed and converted in June 2016 C ost savings to be implemented early, both acquisitions fully implemented by Q3, accelerating financial returns

Agenda Investment Thesis Successfully Executing a Differentiated Strategy for Balanced Growth 20 Investor Presentation x Reaping benefits of strategic investments in organic growth and transformation x Track record of completing value - creating acquisitions x Robust risk management and controls yielding consistent, sustainable results • Intentional focus on C&I rather than solely on CRE – granular, balanced portfolio x Action - oriented management team, engaged and experienced board that is committed to building shareholder value x Well - positioned to benefit from strong Florida economy

Seacoast Conservative Risk Profile Well Positioned for Sustainable Value Creation… 21 Investor Presentation 41% 116% From $1.21B To $2.62B Average Loan Size - Commercial Total Loan Portfolio Percentage Change Change in Dollars Loan Growth FY ‘11 – Q2 ‘16 From $567K To $ 335K Top 10 loan relationships represent 34% of total risk based capital, down by 38% since FY ’11 (as of Q2 ‘16) Strong yet balanced loan growth with prudent CRE exposure , better diversification and granularity

…and Our A pproach to CRE is Very D ifferent T han Florida P eers 22 Investor Presentation CRE loans as a percent of total capital remain relatively flat and intentionally below Florida peers . (188% vs 277% peer median) 179% 211% 188% 277% 100% 150% 200% 250% 300% 350% SBCF Florida Peers Q1 2015 Q1 2016 CRE loans as a Percent of T otal C apital Source : SNL Financial and Company Filings, Measured at Holding Company Level Note: Commercial Real Estate defined as Construction & Development Loans plus Multfamily Loans plus Non - Owner Occupied Commercial Real Estate Loans

Agenda Investment Thesis Successfully Executing a Differentiated Strategy for Balanced Growth 23 Investor Presentation x Reaping benefits of strategic investments in organic growth and transformation x Track record of completing value - creating acquisitions x Robust risk management and controls yielding consistent, sustainable results x Action - oriented management team, engaged and experienced board that is committed to building shareholder value x Well - positioned to benefit from strong Florida economy

Seacoast’s Board Is Comprised of Experts With Distinct Competencies In Strategic Areas… 24 Investor Presentation 2011 to 2013 • Added lead board director (Retail Banking competency) • Added two additional directors (Risk and Governance competencies) • Added one director (Technology and Consulting competencies) • Added one director (Banking and W ealth M anagement competencies) 2014 2015 2016 + • Added two new directors (Operations and Investment Banking competencies) Talent, both on the board and executive team, is a critical component of our strategy

…And Seacoast Has Methodically Added Strong Management Talent In Key Areas 25 Investor Presentation 2011 to 2013 • Added executive leadership in business banking, credit and risk • Added executive leadership in digital and marketing • Added executive leadership in human resources from Bank of America • Added talent from GE, Visa, and other payments companies • Added business bankers • Added technology talent from Citrix • Added business bankers • Added CFO from highly regarded community bank (WSFS) • Added call center leadership from Citi Talent, both on the board and executive team, is a critical component of our strategy 2014 2015 2016 + • Added executive leadership in Residential Lending from First Merit • Added talent in Wealth Management from SunTrust

Agenda Investment Thesis Successfully Executing a Differentiated Model in Community Banking 26 Investor Presentation x Reaping benefits of strategic investments in organic growth and transformation x Track record of completing value - creating acquisitions x Robust risk management and controls yielding consistent, sustainable results x Action - oriented management team, engaged and experienced board that is committed to building shareholder value x Well - positioned to benefit from strong Florida economy

Agenda Florida, The Nation’s Third Largest State, Continues To Grow Rapidly Population growth is a fundamental driver of the state economy 27 Investor Presentation • Surpassed New York to become the third largest state in 2014 • One of only three states with a population over 20 million (Texas, California) • Florida added more residents than California in 2015 – over 300k per year • Among the top 10 fastest growing states • Diversified economy - growth in education, health services, leisure & hospitality, trade , transportation, utilities , construction and manufacturing . • See appendix slides 41 - 43 Source: http ://www.heraldtribune.com/article/20160114/ARTICLE/160119779?p=1&tc=pg Southwest Florida Pop: 1,570,228 Pop Growth : 9.6 % Treasure Coast/ Palm Beach Co. Pop: 1,956,515 Growth : 7.3 % I - 4 Corridor Pop: 7,128,386 Growth: 8.5% Florida Population Growth, 2015 – 2020* * US Census Data

Agenda • About Seacoast Bank • Seacoast’s Investment Thesis – Successfully Executing a Differentiated Strategy for Balanced Growth • 2016 Outlook • Company Performance • Appendix Investor Presentation 28

Outlook for 2016: Maintain Pace of Change • Continue organic growth investments in digital transformation and customer marketing initiatives • Complete prudent, accretive acquisitions that strengthen our franchise and leverage our capabilities • Achieve 2016 adjusted earnings target of $1.00 per share and maintain earnings growth trajectory • Adhere to strong standards of credit quality and maintain our strong balance sheet • Build on strengths as an authentic Florida brand, offering community bank service and “big bank” convenience 29 Investor Presentation

Agenda • About Seacoast Bank • Seacoast’s Investment Thesis – Successfully Executing a Differentiated Strategy for Balanced Growth • 2016 Outlook • Company Performance • Appendix Investor Presentation 30

31 Financial Highlights Growth Highlights Q2 2016 Financial and Growth Highlights • C losed purchase and completed integration of BMO Harris’ Orlando banking operations during June, 2016, adding more than 8,000 households to the Company’s Orlando presence. • Loans grew $679 million or 35% from year - ago levels. Adjusting for acquisitions, loans grew $234 million or 12% from a year ago • For the second quarter loan growth accelerated to a rate of 4% (not annualized), from the end of the first quarter of 2016. • Seacoast recorded record mortgage production during the second quarter . • Adjusted revenues 1 increased $ 9.1 million, or 26% year - over - year, to $ 43.7 million; and increased $4.2 million, or 11% (not annualized), from first quarter 2016 levels. • Adjusted diluted earnings per share 1 increased 21% to $0.23 from $0.19 in the first quarter of 2016 and 28% from the second quarter of 2015. • Net interest income improved $8.8 million, or 34% year - over - year, reflecting organic loan growth combined with strategic acquisitions . • Net interest margin increased thirteen basis points (0.13%) year - over - year to 3.63 %. • Adjusted return on assets 1 grew nine basis points to 0.84% and return on tangible common equity 1 eclipsed the double digit mark, reaching 10.6% during the second quarter. (1) Non - GAAP measure, excludes merger related charges, branch closure expenses, and other adjustments (See Appendix for reconciliation to GAA P) Investor Presentation

Earnings History 32 (1) Non - GAAP measure, excludes merger related charges, branch closure expenses, and other adjustments (See Appendix for reconciliati on to GAAP) • Adjusted net income (1 ) of $8.8 million was up $2.7 million or 45% from the prior year and $2.0 million from prior quarter . • Adjusted earnings per share of $0.23 was up $0.04 or 21% from prior quarter and $0.05 or 28% above prior year. (Dollars in thousands) Second Quarter 2016 First Quarter 2016 Fourth Quarter 2015 Third Quarter 2015 Second Quarter 2015 GAAP Net Income $5,332 $3,966 $6,036 $4,441 $5,805 GAAP Earnings per diluted share $0.14 $0.09 $0.18 $0.13 $ 0.18 Adjusted Net Income (1) $8,773 $6,758 $6,569 $6,232 $ 6,031 Adjusted Pretax, pre - provision income (1) $14,607 $11,082 $10,990 $10,990 $ 10,589 Adjusted Earnings per diluted share (1) $0.23 $0.19 $0.19 $0.18 $ 0.18 Average shares outstanding (000) 38,142 35,453 34,395 34,194 33,234 Investor Presentation

Loan Growth Momentum Continues 33 $1,937 $2,099 $2,156 $2,455 $2,616 $1,000 $1,200 $1,400 $1,600 $1,800 $2,000 $2,200 $2,400 $2,600 $2,800 $3,000 Q2-15 Q3-15 Q4-15 Q1-16 Q2-16 Total Loans Outstanding (in millions) Total loans were $ 2.62 billion at June 30, 2016, up $161 million or 7 % from the prior quarter. Excluding acquired loans, loans increased $97 million or 4% from the prior quarter. Investor Presentation

Deposit Balances Extend Growth Trends 34 Total deposits increased 34% to $3.50 billion from one year ago. Transaction accounts represent 55% of total deposits. $1,408 $1,488 $1,589 $1,805 $1,923 $904 $947 $961 $1,055 $1,192 $293 $307 $294 $362 $386 $0 $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 $4,000 Q2-15 Q3-15 Q4-15 Q1-16 Q2-16 Transaction Accounts Savings and Money Market Time Deposits Deposit Balances (in millions) $2,605 $2,742 $2,844 $3,222 55% $3,501 Investor Presentation

Net Interest Income and Margin 35 $25,788 $29,130 $29,216 $30,349 $34,801 3.50% 3.75% 3.67% 3.68% 3.63% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% 4.20% $0 $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 $35,000 $40,000 Q2-15 Q3-15 Q4-15 Q1-16 Q2-16 Net Interest Income and Net Interest Margin* ($ in thousands) • Net interest margin for the quarter increased 13 basis points year – over - year to 3.63%, versus 3.50% in Q2 2015. • Net interest income for the quarter totaled $34.8 million, up $9.0 million or a 35% increase from a year ago. *Calculated on a fully taxable equivalent basis using amortized cost. Investor Presentation

Noninterest Income 36 $2,115 $2,217 $2,229 $2,129 $2,230 $2,033 $1,925 $1,989 $2,217 $2,370 $1,335 $1,385 $1,302 $1,437 $1,308 $1,032 $1,177 $955 $999 $1,364 $1,272 $1,012 $911 $1,007 $1,460 $366 $396 $377 $379 $0 $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 $8,000 $9,000 $10,000 Q2-15 Q3-15 Q4-15 Q1-16 Q2-16 BOLI Other Income Mortgage Banking Fees Wealth Management Fees Interchange Income Service Charges Noninterest Income (in thousands)* $8,082 *Non interest income before: securities gains , Q2 - 15 $725,000 gain on participation loans excluded, Q4 - 15 $416,000 gain on ba rgain purchase excluded, and Q1 - 16 $464,000 in BOLI unanticipated income excluded. • Noninterest income* totaled $9.1 million for the second quarter , an increase of approximately $1 million or 12% from the second quarter 2015. • Strong increases in interchange income and mortgage banking fees, up from the prior year 17% and 32% respectively, reflect intentional customer analytics - driven cross sell and strong household growth. $7,782 $8,166 $9,111 $8,121 Investor Presentation

Noninterest Expense 37 $11,814 $13,236 $13,124 $14,526 $15,245 $2,235 $2,279 $2,457 $2,488 $2,698 $3,272 $3,604 $3,678 $3,746 $3,645 $6,602 $6,984 $6,632 $6,546 $7,410 $0 $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 $35,000 Q2-15 Q3-15 Q4-15 Q1-16 Q2-16 Other Occupancy / Telephone Data Processing Cost Salaries and Benefits Noninterest Expense (1) (in thousands) $23,923 $25,103 • Noninterest expenses (1) increased $1.8 million from Q1 2016 from higher salary and benefits costs, occupancy and equipment, and data processing expense, largely from Q1 and Q2 2016 acquisition activity. $25,891 $27,306 (1) Non - GAAP measure, excludes merger related charges, branch closure expenses, and other adjustments (See Appendix for reconciliation to GAA P) $28,998 Investor Presentation

Contact Details : Seacoast Banking Corporation of Florida [ NASDAQ: SBCF] 38 Investor Presentation Steve Fowle, CFO (email) Steve.Fowle@SeacoastBank.com (phone) 772.463.8977 Investor Relations www.SeacoastBanking.com

Agenda • About Seacoast Bank • Seacoast’s Investment Thesis – Successfully Executing a Differentiated Strategy for Balanced Growth • 2016 Outlook • Company Performance • Appendix Investor Presentation 39

Our Business Transformation Timeline 40 Investor Presentation 2011 to 2013 • Enhanced portfolio growth guardrails • Developed Accelerate business banking platform • Re - focused retail organization on sales growth • Invested in transformation to drive self service, cross sell and non - branch sales. Opened 24/7 Florida - based call center • Re - branded to Seacoast Bank • Expanded into Central Florida ( BankFIRST ) • Expanded into Palm Beach County (Grand Bankshares ) • Drove greater self servicing and cross sell, especially among newly acquired banks • Heightened focus on driving transformational change given pace of broader industry change Lessons learned from the great recession – combined with transformative change in banking – drive us with great urgency today 2014 2015 2016 + • Further expanded in Orlando/Central Florida (BMO Harris & Floridian Financial Group) • Continued focus on driving shareholder value by building operating leverage through business transformation

Agenda Florida Remains Healthy and Attractive 2015 Net Population Migration by State Investor Presentation 41 Source : Federal Reserve Bank of St Louis

Agenda Florida Remains Healthy and Attractive Consumer Credit Delinquencies Year - Over - Year Includes Auto, Credit Card, Home, Student Loans, As of 1Q 2016 Investor Presentation 42 Source : Federal Reserve Bank of St Louis

Agenda Florida Remains Healthy and Attractive Seriously Delinquent Mortgages Year - Over - Year Change, Home Mortgages 90+ Past Due Investor Presentation 43 Source : Federal Reserve Bank of St Louis

Seacoast Is Executing a Differentiated Business Model 44 Drive adoption of lower cost servicing channels – mobile, ATM, online Drive organic growth via cross sell, especially outside of branch – digital, call center Rationalize the branch network given digital adoption, streamline support operations Traditional Approach • Majority of branch visits related to simple transactions (check deposits) • Higher cost channels used for basic servicing transactions • Cross sell dependent on transactional traffic in branches • Lose cross sell as customers choose non - branch channels for basic service Seacoast’s Approach Investor Presentation • High fixed cost structure • Limited scalability • Inefficient back office processes Digital Capabilities and Software Enable Smaller Banks To Compete In Ways Previously Unimagined. Seacoast Is Reaping Tangible Results.

Digital Technology Has Leveled The Playing Field Digital Defined • Customer Servicing Capabilities to Lower Servicing Costs – E.G. Mobile banking, mobile check deposit, online banking, online applications/forms – Table stakes as “convenience” has been fundamentally redefined – Implication - Customers choosing lower cost channels for service – good for customer and bank • Marketing and Analytics Software to Drive Sales Growth – Marketing software to automate cross - sell campaigns , drives sales through call center, website, branch – Analytics software to diagnose customer segments and drive greater share of wallet – Lead generation software to help prospect for new customers – Implication – Banks can now drive additional sales • Operating Reality – Data sprawl not an issue with smaller banks – data set readily available through core provider – Software costs have plummeted in recent years…now very accessible for smaller banks – Implication – Small banks can now compete in ways previously unimagined…and drive results today. 45 Investor Presentation Digital Capabilities and Software Enable Smaller Banks To Compete In Ways Previously Unimagined. Seacoast Is Reaping Tangible Results.

Our Cross Sell Approach Is Unique Among Community Banks… Unlike other community banks, Seacoast uses its vast data set to drive cross sell programs Automated Cross Sell Offers Inbound Call Outbound Call In Branch Email ATMs Online Banking Direct Mail Mobile Banking* · Our technology enables us to serve consistent cross sell messages across 8 distinct channels. · We use 400+ data elements to drive targeted cross - selling opportunities · Software enables us to automate nearly 40 ongoing cross - sell campaigns · We invest $28k/year for our cross sell software and $15k/year for a nalytics software · Example – Customer A is eligible for a small business loan. Seacoast can deploy a “business loan offer” campaign to Customer A across 8 different touchpoints *Targeted offers in our mobile channel launch in late 2016 Investor Presentation 46 Our approach leverages both human and digital channels to drive sales

…And Seacoast Uses Its Data To Drive Targeted Cross Selling Business LOC Usage Campaign – Delivered To Eligible Customers Across Multiple Touchpoints Email ATM Message Online Banking Outbound Sales Call Investor Presentation 47 Software helps us identify customers who have a Business LOC but are not using. Marketing builds campaign in minutes. Example of targeted, multi - channel cross sell campaign

Seacoast’s Mobile Adoption Outpaces Both Community Banks and Bigger Banks 48 Investor Presentation *FIS Research – Seacoast vs FIS Banks By Asset Size – Consumer Mobile Banking 38% 39% 42% 44% 42% 44% 46% 48% 57% 59% 61% 67% 0% 10% 20% 30% 40% 50% 60% 70% 80% Q1 2015 Q2 2015 Q3 2015 Q4 2015 <$5B $20B - $335B Seacoast Mobile Penetration of Online Banking Users Assets Assets

2016 Actions Are Driving Significant Operating Leverage 49 Investor Presentation Deposits in Billions Recent acquisitions, combined with non - branch sales and service, enable Seacoast to drive significant improvements to its cost structure Branch Count 43 43 53 52 48 62 53 52 47 47 47 47 $2.8 $2.8 $3.2 $3.3 $3.3 $3.5 $1.0 $1.5 $2.0 $2.5 $3.0 $3.5 $4.0 30 35 40 45 50 55 60 65 70 Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Branch Count Deposits Q1 Q2 Q3 Q4

50 Investor Presentation Seacoast Florida Peers Market Valuation Benchmarking Source: SNL Financial. Note: Market data as of July 21, 2016. (1) 2017 ROAA represents Wall Street consensus 2017 net income estimate divided by Wall street consensus 2017 average assets esti mat e. (2) 2017E ROATCE represents Wall Street consensus 2017 net income estimate divided by Wall Street consensus 2017 average tangibl e c ommon equity estimate. Average tangible common equity is estimated by rolling forward equity by net income net of projected dividends and share repurchases. (3) Represents Tangible Book Value pro forma for the acquisition of BMO Branches. (4) Excludes growth figure due to magnitude(35%) ($ in millions) Market Price 16 - 17 EPS ROAA ROATCE Company Cap. TBV 16EPS 17EPS Growth 2017E (1) 2017E (2) BankUnited $3,171 1.41 x 14.4 x 12.3 x 17.8 % 0.86 % 10.32 % EverBank 1,939 1.17 11.3 10.3 11.5 0.66 10.70 Florida Community 1,426 1.78 15.8 14.2 10.9 1.13 11.68 CenterState 770 1.95 13.6 12.7 7.1 1.15 13.61 Stonegate Bank 411 1.73 14.9 13.0 13.5 1.23 11.95 Capital CityBank (4) 251 1.30 26.1 18.6 NM 0.50 7.01 Median 1.57 14.6 12.9 12.5 1.00 11.19 Average 1.56 16.0 13.5 16.0 0.92 10.88 Seacoast $625 1.89 x (3) 17.0 x 14.2 x 19.5 % 0.89 % 11.64 % (3) Seacoast vs. Peer Median +1.3 +8.0 % Seacoast vs. Average +0.7 +7.3 %

Explanation of Certain Unaudited Non - GAAP Financial M easures This presentation 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 and if not provided would be requested by the investor community . 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 . 51 Investor Presentation

Net Income - GAAP to Non - GAAP Reconciliation (Q2 15 – Q2 16) To better evaluate its earnings, the Company removes certain items to arrive at adjusted net income, adjusted pretax, pre - provis ion income and adjusted diluted earnings per share (non - GAAP measures) as detailed in the table below: (2) (1) Non - GAAP measure, excludes merger related charges, branch closure expenses, and other adjustments (See Appendix for reconciliati on to GAAP) (2) Presentation has been revised in accordance with SEC's Division of Corporation Finance Compliance and Disclosure Interpretati ons , Non - GAAP Financial Measures" issued May 17, 2016 52 (Dollars in thousands except per share data) Second Quarter First Quarter Fourth Quarter Third Quarter Second Quarter 2016 2016 2015 2015 2015 Net income (loss) $5,332 $3,966 $6,036 $4,441 $5,805 Boli Income 0 (464) 0 0 0 Security (gains) (47) (89) (1) (160) 0 Bargain purchase gain 0 0 (416) 0 0 Total Adjustments to Revenue (47) (553) (417) (160) 0 Severance 464 306 187 670 29 Merger related charges 2,448 4,038 1,043 2,120 337 Branch closure charges and costs related to expense initiatives 1,121 691 0 0 0 Other 0 0 0 121 0 Miscellaneous losses 0 0 48 112 0 Early redemption cost for FHLB advances 1,777 0 0 0 0 Total Adjustments to Noninterest Expense 5,810 5,035 1,278 3,023 366 Effective tax rate on adjustments (2,322) (1,690) (328) (1,072) (140) Adjusted Net Income (1) 8,773 6,758 6,569 6,232 6,031 Provision for loan losses 662 199 369 987 855 Income taxes 5,172 4,125 4,052 3,771 3,703 Adjusted pretax, pre - provision income (1) 14,607 11,082 10,990 10,990 10,589 Adjusted earnings per diluted share (1) 0.23 0.19 0.19 0.18 0.18 Average shares outstanding (000) 38,142 35,453 34,395 34,194 33,234 Revenue 43,604 38,852 36,882 37,093 34,512 Total Adjustments to Revenue (47) (553) (417) (160) 0 Adjusted Revenue 43,651 39,405 37,299 37,253 34,512 Noninterest Expense 34,808 32,341 27,169 29,127 24,288 Total Adjustments to Noninterest Expense 5,810 5,035 1,278 3,023 366 Adjusted Noninterest Expense 28,998 27,306 25,891 26,104 23,922 Investor Presentation

Net Income - GAAP to Non - GAAP Reconciliation (Q2 15 – Q2 16) 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 . (2) (1) Non - GAAP measure, excludes merger related charges, branch closure expenses, and other adjustments (See Appendix for reconciliati on to GAAP) (2) Presentation has been revised in accordance with SEC's Division of Corporation Finance Compliance and Disclosure Interpretati ons , Non - GAAP Financial Measures" issued May 17, 2016 53 Second First Fourth Third Second (Dollars in thousands) Quarter Quarter Quarter Quarter Quarter 2016 2016 2015 2015 2015 Noninterest Expense: Salaries and wages $ 12,769 $ 12,137 $ 10,948 $ 10,806 $ 9,273 Employee benefits 2,476 2,389 2,178 2,430 2,541 Outsourced data processing costs 2,698 2,488 2,457 2,279 2,235 Telephone / data lines 539 529 412 446 443 Occupancy expense 2,523 2,251 2,314 2,275 2,010 Furniture and equipment expense 1,122 966 952 883 819 Marketing expense 836 997 1,128 1,063 1,225 Legal and professional fees 1,574 1,583 1,568 1,651 1,255 FDIC assessments 643 544 551 552 520 Asset management disposition 160 90 84 77 173 OREO & REPO Loss/(Gain) (201) (51) (157) 262 53 Amortization of intangibles 594 446 397 397 315 Other 3,265 2,937 3,059 2,983 3,061 Total Core Operating Expense 28,998 27,306 25,891 26,103 23,923 Severance and organizational changes 464 306 187 98 29 Legal and professional fees for acquisition and expense initiatives 2,448 4,038 1,043 2,692 337 Branch closure 1,121 691 0 121 0 Miscellaneous losses 0 0 48 112 0 Early redemption cost for FHLB advances 1,777 0 0 0 0 Total $ 34,808 $ 32,341 $ 27,169 $ 29,127 $ 24,288 Investor Presentation