Seacoast Banking Corporation of Florida

SBCF is holding a pullback into the confluence of the rising 9/20 EMAs and the 50-day SMA, which has supported price and triggered a rebound. The medium-term uptrend remains intact above the 50-day and 200-day SMAs, while the short-term indicators align for a bullish entry. We will buy now on this pullback into EMA and SMA support, with medium-term structure favoring further upside.

• ↑Q2 net income $59.5M (+87% QoQ, +39% YoY) driven by robust loan production
• ↑Annualized loan growth 16% with over $1B pipeline supporting future earnings
• ↓Intense Florida competition pressuring margins and loan pricing