NASDAQ : SBCF
Seacoast Banking Corporation of Florida — Financial statements
Financials · Banks - Regional · United States
Last price 33.03 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 3.16B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 758.61M | 657.04M | 597.37M | 581.11M | 315.72M | 251.47M |
| Interest Income on Investments | 266.35M | 179.34M | 128.19M | 107.87M | 64.78M | 32.77M |
| Total Interest Income | 1.02B | 836.37M | 725.56M | 688.98M | 380.49M | 284.24M |
| Interest Paid on Deposits | 263.08M | 244.73M | 268.99M | 178.79M | 9.96M | 6.39M |
| Interest Paid on Borrowings | 47.04M | 38.17M | 24.60M | 21.95M | 4.37M | 1.83M |
| Total Interest Expense | 310.12M | 282.90M | 293.59M | 200.74M | 14.33M | 8.22M |
| Net Interest Income | 714.85M | 553.48M | 431.97M | 488.24M | 366.16M | 276.02M |
| Trust Income | 23.38M | 18.56M | 15.17M | 12.78M | 11.05M | 9.63M |
| Mortgage Banking Activities | 12.76M | 4.71M | 1.77M | 1.79M | 3.48M | 11.78M |
| Gain (Loss) on Sale of Investments | -40.04M | -522.00K | -8.02M | -2.89M | -1.10M | -578.00K |
| Other Non-Interest Income | 48.79M | 50.01M | 53.65M | 49.20M | 38.95M | 40.12M |
| Total Non-Interest Income | 72.40M | 96.15M | 83.43M | 79.15M | 66.09M | 70.73M |
| Revenues Before Loan Losses | 787.24M | 649.63M | 515.40M | 567.39M | 432.25M | 346.75M |
| Provision for Loan Losses | 45.31M | 51.26M | 16.26M | 37.52M | 26.18M | -9.42M |
| Revenue | 741.93M | 598.37M | 499.14M | 529.87M | 406.07M | 356.17M |
| Salaries and Employee Benefits | 235.89M | 204.04M | 176.82M | 188.30M | 137.97M | 106.47M |
| Federal Deposit Insurance | 11.96M | 9.59M | 8.45M | 8.63M | 3.14M | 2.40M |
| Amortization of Goodwill & Intangibles | 40.37M | 26.82M | 23.88M | 28.73M | 9.10M | 5.03M |
| Selling, General & Administrative | 137.09M | 114.53M | 108.38M | 108.86M | 94.41M | 67.32M |
| Other Non-Interest Expense | 29.69M | 24.58M | 25.32M | 26.93M | 24.85M | 16.47M |
| Total Non-Interest Expense | 455.61M | 379.44M | 343.30M | 362.44M | 267.93M | 197.44M |
| EBT Excluding Unusual Items | 286.32M | 218.93M | 155.84M | 167.43M | 138.14M | 158.74M |
| Pretax Income | 235.78M | 186.51M | 155.84M | 134.25M | 138.14M | 158.74M |
| Income Tax Expense | 50.22M | 41.63M | 34.85M | 30.22M | 31.63M | 34.34M |
| Net Income | 185.56M | 144.88M | 120.99M | 104.03M | 106.51M | 124.40M |
| Preferred Dividends & Other Adjustments | 10.99M | 4.57M | ||||
| Net Income to Common | 174.57M | 140.31M | 120.99M | 104.03M | 106.51M | 124.40M |
| Basic Shares Outstanding | 96.61M | 88.28M | 84.37M | 83.80M | 63.71M | 56.59M |
| Diluted Shares Outstanding | 106.04M | 89.11M | 85.04M | 84.33M | 64.26M | 57.09M |
| EPS (Basic) | 1.81 | 1.59 | 1.43 | 1.24 | 1.67 | 2.20 |
| EPS (Diluted) | 1.71 | 1.57 | 1.42 | 1.23 | 1.66 | 2.18 |
| Dividend Per Share | 0.76 | 0.73 | 0.72 | 0.71 | 0.64 | 0.39 |
| Effective Tax Rate | 21.30% | 22.32% | 22.36% | 22.51% | 22.90% | 21.63% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 303.25M | 388.55M | 476.61M | 447.18M | 201.94M | 737.73M |
| Investment Securities | 498.00K | 1.09B | 336.61M | 392.84M | 378.16M | 342.15M |
| Trading Asset Securities | 28.62M | 29.18M | 2.68M | 2.00K | 290.00K | |
| Mortgage-Backed Securities | 5.19B | 4.69B | 2.54B | 2.14B | 2.25B | 1.95B |
| Total Investments | 5.19B | 5.81B | 2.91B | 2.54B | 2.63B | 2.29B |
| Gross Loans | 13.57B | 12.63B | 10.30B | 10.06B | 8.14B | 5.93B |
| Allowance for Loan Losses | -191.35M | -178.80M | -138.06M | -148.93M | -113.89M | -83.31M |
| Net Loans | 13.38B | 12.45B | 10.16B | 9.91B | 8.03B | 5.84B |
| Property, Plant & Equipment | 159.20M | 218.06M | 148.49M | 160.08M | 164.39M | 107.66M |
| Goodwill | 1.05B | 1.03B | 732.42M | 732.42M | 480.32M | 252.15M |
| Other Intangible Assets | 170.20M | 194.00M | 70.02M | 93.94M | 71.28M | 13.00M |
| Loans Held for Sale | 14.46M | 16.30M | 17.28M | 4.39M | 3.15M | 31.79M |
| Accrued Interest Receivable | 71.20M | 48.30M | 48.40M | 36.50M | 19.10M | |
| Long-Term Deferred Tax Assets | 123.06M | 66.58M | 102.99M | 113.23M | 94.46M | 27.32M |
| Other Real Estate Owned & Foreclosed | 3.26M | 4.25M | 6.42M | 7.56M | 2.30M | 13.62M |
| Other Long-Term Assets | 804.23M | 453.10M | 426.95M | 452.85M | 429.98M | 344.78M |
| Total Assets | 21.19B | 20.84B | 15.18B | 14.58B | 12.15B | 9.68B |
| Interest Bearing Deposits | 12.39B | 11.68B | 8.34B | 7.68B | 5.76B | 4.84B |
| Institutional Deposits | 674.55M | 549.93M | 550.26M | 149.48M | 150.34M | |
| Non-Interest Bearing Deposits | 4.19B | 3.90B | 3.35B | 3.54B | 4.07B | 3.08B |
| Total Deposits | 16.58B | 16.26B | 12.24B | 11.78B | 9.98B | 8.07B |
| Short-Term Borrowings | 316.77M | 389.38M | 232.19M | 374.65M | 172.03M | 121.56M |
| Current Portion of Leases | 12.71M | |||||
| Long-Term Debt | 112.98M | 17.60M | ||||
| Federal Home Loan Bank Debt, Long-Term | 985.00M | 835.00M | 245.00M | 50.00M | 150.00M | |
| Long-Term Leases | 49.61M | 44.72M | 50.55M | 50.77M | 38.33M | |
| Trust Preferred Securities | 95.16M | 106.97M | 106.30M | 84.53M | 71.65M | |
| Other Long-Term Liabilities | 259.58M | 130.74M | 121.76M | 113.73M | 99.06M | 71.57M |
| Total Liabilities | 18.25B | 17.79B | 12.99B | 12.47B | 10.54B | 8.37B |
| Preferred Stock, Convertible | 343.12M | 343.12M | ||||
| Common Stock | 9.89M | 9.87M | 8.63M | 8.49M | 7.16M | 5.85M |
| Additional Paid-In Capital | 2.22B | 2.20B | 1.82B | 1.81B | 1.38B | 963.85M |
| Retained Earnings | 692.66M | 603.79M | 526.64M | 467.31M | 423.86M | 358.60M |
| Treasury Stock | -63.50M | -21.36M | -19.09M | -16.71M | -13.02M | -10.57M |
| Comprehensive Income & Other | -260.17M | -77.19M | -157.87M | -159.88M | -188.03M | -6.99M |
| Total Common Equity | 2.60B | 2.71B | 2.18B | 2.11B | 1.61B | 1.31B |
| Shareholders' Equity | 2.94B | 3.06B | 2.18B | 2.11B | 1.61B | 1.31B |
| Total Liabilities & Equity | 21.19B | 20.84B | 15.18B | 14.58B | 12.15B | 9.68B |
| Total Debt | 1.41B | 1.40B | 628.88M | 581.50M | 457.33M | 231.54M |
| Net Cash (Debt) | -1.11B | -967.88M | -119.88M | -125.78M | -252.15M | 506.48M |
| Net Cash Per Share | -10.48 | -10.86 | -1.41 | -1.49 | -3.92 | 8.87 |
| Filing Date Shares Outstanding | 95.71M | 96.93M | 84.65M | 84.13M | 83.51M | 60.39M |
| Total Common Shares Outstanding | 95.71M | 96.90M | 84.61M | 84.10M | 71.08M | 58.11M |
| Book Value Per Share | 27.12 | 27.99 | 25.80 | 25.07 | 22.62 | 22.56 |
| Tangible Book Value | 1.38B | 1.48B | 1.38B | 1.28B | 1.06B | 1.05B |
| Tangible Book Value Per Share | 14.42 | 15.31 | 16.32 | 15.24 | 14.86 | 17.99 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 144.88M | 120.99M | 104.03M | 106.51M | 124.40M | |
| Depreciation & Amortization | 78.74M | 60.88M | 423.00K | 10.63M | -3.85M | |
| Gain (Loss) on Sale of Assets | -76.00K | 425.00K | 2.29M | -355.00K | 182.00K | |
| Gain (Loss) on Sale of Investments | -7.04M | 5.05M | 1.99M | 576.00K | 6.58M | |
| Provision for Credit Losses | 51.26M | 16.26M | 37.52M | 26.18M | -9.42M | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 7.30M | 4.13M | 3.41M | 34.70M | 52.98M | |
| Change in Other Net Operating Assets | -69.37M | -3.95M | -17.72M | 22.55M | -13.55M | |
| Other Operating Activities | 12.04M | 9.55M | 9.44M | -10.40M | 3.84M | |
| Operating Cash Flow | 188.06M | 179.90M | 150.61M | 195.86M | 154.57M | |
| Capital Expenditures | -9.17M | -4.03M | -10.29M | -12.64M | -4.33M | |
| Cash Acquisitions | 169.56M | 141.67M | 281.75M | 98.10M | ||
| Investment in Securities | 140.73M | -342.25M | 299.49M | -13.56M | -757.38M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -963.07M | -253.91M | 110.67M | -624.63M | 307.08M | |
| Other Investing Activities | -49.34M | -9.53M | -14.67M | -11.14M | -55.99M | |
| Investing Cash Flow | -706.76M | -606.88M | 527.45M | -364.88M | -412.51M | |
| Short-Term Debt Issued | 166.87M | 202.54M | 50.46M | 1.96M | ||
| Long-Term Debt Issued | 710.00M | 355.00M | 110.00M | 75.00M | ||
| Total Debt Issued | 876.87M | 355.00M | 312.54M | 125.46M | 1.96M | |
| Short-Term Debt Repaid | -142.50M | -280.00M | -62.50M | |||
| Long-Term Debt Repaid | -235.00M | -160.00M | -75.00M | -7.50M | -33.00M | |
| Total Debt Repaid | -235.00M | -302.50M | -355.00M | -70.00M | -33.00M | |
| Net Debt Issued (Repaid) | 641.87M | 52.50M | -42.46M | 55.46M | -31.04M | |
| Issuance of Common Stock | 945.00K | 5.10M | 3.41M | 5.02M | ||
| Repurchase of Common Stock | -880.00K | -10.87M | ||||
| Common Dividends Paid | -67.73M | -61.65M | -60.59M | -41.24M | -22.51M | |
| Net Increase (Decrease) in Deposit Accounts | -142.15M | 465.49M | -324.00M | -384.40M | 640.11M | |
| Other Financing Activities | -1.35M | |||||
| Financing Cash Flow | 430.64M | 456.41M | -432.82M | -366.77M | 591.58M | |
| Net Cash Flow | -88.06M | 29.43M | 245.24M | -535.79M | 333.64M | |
| Free Cash Flow | 178.89M | 175.87M | 140.32M | 183.21M | 150.25M | |
| Free Cash Flow Margin | 29.90% | 35.23% | 26.48% | 45.12% | 42.18% | |
| Free Cash Flow Per Share | 2.01 | 2.07 | 1.66 | 2.85 | 2.63 | |
| Cash Interest Paid | 277.64M | 287.27M | 191.22M | 13.74M | 9.98M | |
| Cash Income Tax Paid | 13.44M | 16.89M | -6.00M | 29.59M | 30.89M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.16B | 3.04B | 2.33B | 2.41B | 1.91B | 2.05B |
| Last Close Price | 33.03 | 30.87 | 26.36 | 26.48 | 28.16 | 31.33 |
| PE Ratio | 19.31 | 21.67 | 19.27 | 23.15 | 17.89 | 16.48 |
| PS Ratio | 4.26 | 5.08 | 4.67 | 4.54 | 4.69 | 5.75 |
| PB Ratio | 1.22 | 0.99 | 1.07 | 1.14 | 1.19 | 1.56 |
| P/FCF Ratio | 15.28 | 16.99 | 13.26 | 17.16 | 10.40 | 13.64 |
| P/OCF Ratio | 14.48 | 16.16 | 12.96 | 15.99 | 9.73 | 13.26 |
| Debt / Equity Ratio | 0.48 | 0.46 | 0.29 | 0.28 | 0.28 | 0.18 |
| Debt / FCF Ratio | 7.82 | 3.58 | 4.14 | 2.50 | 1.54 | |
| Net Debt / Equity Ratio | 0.38 | 0.32 | 0.06 | 0.06 | 0.16 | -0.39 |
| Net Debt / FCF Ratio | 5.41 | 0.68 | 0.90 | 1.38 | -3.37 | |
| Return on Equity (ROE) | 6.98% | 5.53% | 5.64% | 5.60% | 7.30% | 10.19% |
| Return on Assets (ROA) | 0.98% | 0.80% | 0.81% | 0.78% | 0.98% | 1.38% |
| Earnings Yield | 5.18% | 4.77% | 5.19% | 4.32% | 5.59% | 6.07% |
| FCF Yield | 6.55% | 5.88% | 7.54% | 5.83% | 9.62% | 7.33% |
| Dividend Yield | 2.42% | 2.33% | 2.61% | 2.48% | 2.39% | 1.10% |
| Payout Ratio | 46.78% | 46.75% | 50.95% | 58.24% | 38.72% | 18.09% |
| Buyback Yield / Dilution | -23.40% | -4.78% | -0.84% | -31.22% | -12.57% | -5.86% |
| Total Shareholder Return | -20.97% | -2.45% | 1.77% | -28.74% | -10.18% | -4.75% |