SBCF: net income $59.5M. SBCF completes VBI integration, repurchases in stock, posts 39% net income growth

Filed August 4, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 8, 2025 · ~2 min read

Key Changes

• high

  Net income rose 39% YoY to $59.5M ($0.55/share) in Q2 2026, driven by 16% annualized organic loan growth and 25bp NIM expansion to 3.83%. Sequential growth of 87% reflects recovery from Q1's $39.5M securities repositioning loss.

  MD&A: Financial Performance verify on EDGAR →
• high

  VBI acquisition integration completed in July 2026, adding $3.5B deposits and 19 branches. Combined with Heartland (closed July 2025), the two deals added $5.3B assets, $302.6M goodwill, and $113.2M core deposit intangibles. Remaining merger costs expected in Q3 2026.

  Notes: Business Combinations verify on EDGAR →
• high

  Board renewed share repurchase authorization at $150M (up 50% from $100M prior), with $33.3M deployed YTD (1.07M shares). Remaining authorization stands at $117M through December 2026.

  Controls: Share Repurchase verify on EDGAR →