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Seacoast Banking Corporation of Florida (SBCF) Financials

Seacoast Banking Corporation of Florida logo
$27.77 +0.13 (+0.46%)
As of 10:09 AM Eastern
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Annual Income Statements for Seacoast Banking Corporation of Florida

Annual Income Statements for Seacoast Banking Corporation of Florida

This table shows Seacoast Banking Corporation of Florida's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 22 29 43 67 99 78 124 107 104 121
Consolidated Net Income / (Loss)		 22 29 43 67 99 78 124 107 104 121
Net Income / (Loss) Continuing Operations		 22 29 43 67 99 78 124 107 104 121
Total Pre-Tax Income 		36 44 79 88 129 101 159 138 134 156
Total Revenue		 142 177 235 262 300 324 347 432 567 515
Net Interest Income / (Expense)		 109 140 176 212 244 263 276 366 488 432
Total Interest Income		 116 148 192 241 290 287 284 380 689 726
Loans and Leases Interest Income		 94 119 154 200 251 254 251 316 581 597
Investment Securities Interest Income		 21 27 35 39 36 30 30 57 83 100
Federal Funds Sold and Securities Borrowed Interest Income		 1.02 1.67 2.42 - - - - 7.62 25 29
Total Interest Expense		 6.93 8.47 15 30 46 24 8.22 14 201 294
Deposits Interest Expense		 3.31 4.67 8.33 20 38 20 6.39 9.96 179 269
Short-Term Borrowings Interest Expense		 0.34 0.48 0.78 4.47 3.01 1.54 0.00 0.33 6.38 7.73
Long-Term Debt Interest Expense		 3.28 3.32 6.19 3.16 3.37 2.18 1.69 3.06 7.25 7.49
Federal Funds Purchased and Securities Sold Interest Expense		 - - - 1.80 1.43 0.28 0.14 0.99 8.32 9.39
Total Non-Interest Income		 33 38 58 50 57 62 71 66 79 83
Service Charges on Deposit Accounts		 - - - - 12 9.43 9.78 15 23 26
Other Service Charges		 - - - 51 17 24 30 19 24 33
Net Realized & Unrealized Capital Gains on Investments		 33 38 58 -0.62 3.69 1.92 0.95 -1.10 -2.89 -8.02
Investment Banking Income		 - - - - 6.35 7.51 9.63 11 13 15
Other Non-Interest Income		 - - - - 18 19 20 23 22 18
Provision for Credit Losses		 2.64 2.41 5.65 12 11 38 -9.42 26 38 16
Total Non-Interest Expense		 104 131 150 162 161 186 197 268 396 343
Salaries and Employee Benefits		 - - - - 74 89 97 130 178 162
Net Occupancy & Equipment Expense		 - - - - 36 39 39 56 93 74
Marketing Expense		 - - - - 4.16 4.83 4.58 6.29 9.16 11
Other Operating Expenses		 104 131 150 162 41 45 51 68 86 72
Amortization Expense		 - - - - 5.83 5.86 5.03 9.10 29 24
Other Special Charges		 - - - - - 2.26 -0.26 -1.53 0.99 0.44
Income Tax Expense		 14 15 36 20 30 23 34 32 30 35
Basic Earnings per Share		 $0.66 $0.79 $1.01 $1.40 $1.92 $1.45 $2.20 $1.67 $1.24 $1.43
Weighted Average Basic Shares Outstanding		 33.50M 36.87M 42.61M 47.97M 51.45M 53.50M 56.59M 63.71M 83.80M 84.37M
Diluted Earnings per Share		 $0.66 $0.78 $0.99 $1.38 $1.90 $1.44 $2.18 $1.66 $1.23 $1.42
Weighted Average Diluted Shares Outstanding		 33.74M 37.51M 43.35M 48.75M 52.03M 53.93M 57.09M 64.26M 84.33M 85.04M
Weighted Average Basic & Diluted Shares Outstanding		 33.50M 37M 42.40M 48.10M 51.52M 55.25M 61.20M 84.53M 84.89M 85.61M
Cash Dividends to Common per Share		 - - - - - - $0.39 $0.64 $0.71 $0.72

Quarterly Income Statements for Seacoast Banking Corporation of Florida

This table shows Seacoast Banking Corporation of Florida's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 29 24 12 31 31 30 26 30 31 34 31
Consolidated Net Income / (Loss)		 29 24 12 31 31 30 26 30 31 34 31
Net Income / (Loss) Continuing Operations		 29 24 12 31 31 30 26 30 31 34 31
Total Pre-Tax Income 		38 32 15 41 40 38 34 39 39 44 41
Total Revenue		 104 137 154 149 137 128 126 127 130 133 141
Net Interest Income / (Expense)		 88 120 131 127 119 111 105 104 107 116 119
Total Interest Income		 91 127 158 174 180 177 176 180 184 186 184
Loans and Leases Interest Income		 74 105 135 148 150 148 147 147 151 152 151
Investment Securities Interest Income		 16 19 19 21 21 21 22 24 26 27 29
Federal Funds Sold and Securities Borrowed Interest Income		 1.64 3.13 3.47 - 8.48 - 6.18 - 7.14 - 4.20
Total Interest Expense		 3.12 7.40 27 47 61 66 71 75 77 70 66
Deposits Interest Expense		 2.00 5.29 22 42 55 61 65 69 71 64 59
Long-Term Debt Interest Expense		 1.12 0.79 5.25 5.66 5.68 -9.35 5.97 6.14 6.49 -11 7.14
Total Non-Interest Income		 16 18 22 22 18 17 20 22 24 17 22
Service Charges on Deposit Accounts		 3.50 4.80 5.34 5.72 5.83 5.89 6.25 6.70 6.81 6.29 6.80
Other Service Charges		 4.62 4.51 7.00 5.33 4.72 7.15 5.59 6.54 7.96 12 6.66
Net Realized & Unrealized Capital Gains on Investments		 -0.25 -0.72 0.43 0.07 0.23 -3.62 0.97 0.65 0.58 -10 0.20
Investment Banking Income		 2.73 2.89 3.06 3.32 3.14 3.26 3.54 3.77 3.84 4.02 4.25
Other Non-Interest Income		 5.50 6.18 6.61 7.13 3.88 4.65 4.15 4.54 4.49 4.49 4.28
Provision for Credit Losses		 4.68 14 32 -0.76 2.69 3.99 1.37 4.92 6.27 3.70 9.25
Total Non-Interest Expense		 61 92 107 108 94 86 90 83 85 86 91
Salaries and Employee Benefits		 28 45 48 45 46 38 40 39 41 42 42
Net Occupancy & Equipment Expense		 12 21 25 31 19 18 22 17 17 18 18
Marketing Expense		 1.46 1.77 2.24 2.05 1.88 3.00 2.66 3.27 2.73 2.13 2.75
Other Operating Expenses		 18 19 26 22 19 19 19 17 18 18 21
Amortization Expense		 1.45 4.76 6.73 7.65 7.46 6.89 6.29 6.00 6.00 5.59 5.31
Restructuring Charge		 - - - - - - - - - - 1.05
Other Special Charges		 0.01 -0.41 0.20 -0.06 0.27 0.57 -0.03 -0.11 0.49 0.08 0.24
Income Tax Expense		 9.12 7.79 2.70 10 9.08 8.26 7.83 8.91 8.60 9.51 9.39
Basic Earnings per Share		 $0.48 $0.32 $0.15 $0.37 $0.37 $0.35 $0.31 $0.36 $0.36 $0.40 $0.37
Weighted Average Basic Shares Outstanding		 61.44M 63.71M 80.15M 85.02M 85.14M 83.80M 84.91M 84.34M 84.43M 84.37M 84.65M
Diluted Earnings per Share		 $0.47 $0.33 $0.15 $0.37 $0.37 $0.34 $0.31 $0.36 $0.36 $0.39 $0.37
Weighted Average Diluted Shares Outstanding		 61.96M 64.26M 80.72M 85.54M 85.67M 84.33M 85.27M 84.82M 85.07M 85.04M 85.39M
Weighted Average Basic & Diluted Shares Outstanding		 61.48M 84.53M 84.61M 85.09M 85.15M 84.89M 84.94M 85.30M 85.44M 85.61M 85.99M
Cash Dividends to Common per Share		 $0.17 - $0.17 $0.18 $0.18 - $0.18 $0.18 $0.18 - $0.18

Annual Cash Flow Statements for Seacoast Banking Corporation of Florida

This table details how cash moves in and out of Seacoast Banking Corporation of Florida's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 36 -26 -0.14 6.45 8.58 280 334 -536 245 29
Net Cash From Operating Activities		 30 62 49 130 118 61 155 196 151 180
Net Cash From Continuing Operating Activities		 30 62 49 130 118 61 155 196 151 180
Net Income / (Loss) Continuing Operations		 22 29 43 67 99 78 124 107 104 121
Consolidated Net Income / (Loss)		 22 29 43 67 99 78 124 107 104 121
Provision For Loan Losses		 2.64 2.41 5.65 12 11 38 -9.42 26 38 16
Depreciation Expense		 3.77 5.08 5.61 6.35 6.42 6.02 5.48 6.12 8.25 8.61
Amortization Expense		 2.32 7.56 3.98 2.04 4.66 0.71 -3.11 5.09 -8.77 7.64
Non-Cash Adjustments to Reconcile Net Income		 -208 -179 -18 23 6.75 -45 51 29 27 30
Changes in Operating Assets and Liabilities, net		 207 196 8.89 19 -9.82 -17 -14 23 -18 -3.95
Net Cash From Investing Activities		 -171 -512 -246 -175 -321 -343 -413 -365 527 -607
Net Cash From Continuing Investing Activities		 -171 -512 -246 -175 -321 -343 -413 -365 527 -607
Purchase of Property, Leasehold Improvements and Equipment		 -9.09 -6.05 -5.71 -4.02 -2.52 -1.59 -4.33 -13 -10 -4.03
Purchase of Investment Securities		 -416 -1,047 -966 -542 -655 -859 -1,847 -1,048 -194 -1,063
Divestitures		 33 236 24 22 - 72 98 282 142 0.00
Sale and/or Maturity of Investments		 221 306 703 349 446 527 775 928 479 704
Other Investing Activities, net		 0.00 0.00 - - -110 -82 566 -513 111 -244
Net Cash From Financing Activities		 177 423 197 51 212 561 592 -367 -433 456
Net Cash From Continuing Financing Activities		 177 423 197 51 212 561 592 -367 -433 456
Net Change in Deposits		 240 27 333 -40 408 844 640 -384 -324 465
Issuance of Debt		 - 415 0.00 92 65 35 0.00 75 110 355
Repayment of Debt		 -80 -50 -204 0.00 -130 -350 -33 -70 -355 -160
Repurchase of Common Equity		 - - - - - - 0.00 0.00 -11 -0.88
Payment of Dividends		 0.00 0.00 0.00 0.00 0.00 0.00 -23 -41 -61 -62
Other Financing Activities, Net		 17 31 12 -0.79 -130 32 6.98 54 208 -142
Cash Interest Paid		 6.64 7.86 15 28 46 24 9.98 14 191 287
Cash Income Taxes Paid		 0.58 0.70 0.40 13 16 28 31 30 -5.92 18

Quarterly Cash Flow Statements for Seacoast Banking Corporation of Florida

This table details how cash moves in and out of Seacoast Banking Corporation of Florida's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Change in Cash & Equivalents		 -683 -17 589 -63 -32 -249 236 67 -112 -160 24
Net Cash From Operating Activities		 49 48 13 45 63 30 25 57 53 45 31
Net Cash From Continuing Operating Activities		 49 48 13 45 63 30 25 57 54 45 31
Net Income / (Loss) Continuing Operations		 29 24 12 31 31 30 26 30 31 34 31
Consolidated Net Income / (Loss)		 29 24 12 31 31 30 26 30 31 34 31
Provision For Loan Losses		 4.68 14 32 -0.76 2.69 3.99 1.37 4.92 6.27 3.70 9.25
Depreciation Expense		 1.44 1.85 2.07 2.01 2.02 2.16 2.11 2.15 2.12 2.23 2.21
Amortization Expense		 2.67 -0.53 -4.82 -2.20 -2.74 0.99 1.64 2.06 -15 19 3.41
Non-Cash Adjustments to Reconcile Net Income		 13 -8.86 -14 11 13 18 1.55 9.26 -0.05 20 4.74
Changes in Operating Assets and Liabilities, net		 -2.33 18 -14 4.29 16 -24 -8.00 8.23 29 -34 -20
Net Cash From Investing Activities		 -282 384 193 136 159 39 -26 -78 -292 -211 -513
Net Cash From Continuing Investing Activities		 -282 384 193 136 159 39 -26 -78 -292 -211 -513
Purchase of Property, Leasehold Improvements and Equipment		 -9.25 -0.85 -5.81 -3.02 -0.84 -0.63 -0.76 -2.18 -0.95 -0.15 -3.21
Purchase of Investment Securities		 -200 -53 -77 -33 -12 -72 -269 -128 -278 -387 -506
Sale and/or Maturity of Investments		 76 596 108 144 66 161 157 128 157 262 157
Other Investing Activities, net		 -149 -231 26 28 106 -49 87 -75 -170 -86 -161
Net Cash From Financing Activities		 -450 -449 384 -244 -254 -318 237 88 126 5.23 506
Net Cash From Continuing Financing Activities		 -450 -449 384 -244 -254 -318 237 88 126 5.23 506
Net Change in Deposits		 -424 -520 209 -26 -175 -331 239 100 127 -1.16 332
Issuance of Debt		 - 75 90 20 - - 110 180 65 - 410
Repayment of Debt		 - -70 0.00 -245 -50 -60 -50 -110 - - -190
Payment of Dividends		 -11 -12 -14 -15 -15 -15 -15 -15 -15 -15 -15
Other Financing Activities, Net		 -16 78 99 23 -13 99 -47 -66 -51 22 -31
Cash Interest Paid		 3.13 6.84 23 45 57 66 70 74 75 68 68
Cash Income Taxes Paid		 10 10 0.01 6.07 -14 2.00 0.00 5.89 5.00 7.61 0.00

Annual Balance Sheets for Seacoast Banking Corporation of Florida

This table presents Seacoast Banking Corporation of Florida's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 3,535 4,681 5,810 6,748 7,109 8,342 9,681 12,146 14,580 15,176
Cash and Due from Banks		 81 83 104 92 90 87 239 121 168 172
Interest Bearing Deposits at Other Banks		 55 27 5.47 24 35 317 499 81 280 305
Time Deposits Placed and Other Short-Term Investments		 - 0.00 13 8.24 3.74 0.75 0.00 3.24 5.86 3.22
Trading Account Securities		 994 1,323 1,366 1,236 1,208 1,583 2,315 2,619 2,516 2,862
Loans and Leases, Net of Allowance		 2,137 2,856 3,790 4,793 -35 5,643 5,842 8,031 9,914 10,162
Loans and Leases		 2,156 2,880 3,817 4,825 - 5,735 5,925 8,145 10,063 10,300
Allowance for Loan and Lease Losses		 19 23 27 32 35 93 83 114 149 138
Loans Held for Sale		 24 15 24 - 20 69 - 3.15 4.39 17
Premises and Equipment, Net		 55 59 67 71 67 75 72 117 113 108
Goodwill		 25 65 148 205 205 221 252 480 732 732
Intangible Assets		 8.59 15 19 26 20 17 15 75 96 72
Other Assets		 155 239 274 293 5,495 330 6,290 615 751 744
Total Liabilities & Shareholders' Equity		 3,535 4,681 5,810 6,748 7,109 8,342 9,681 12,146 14,580 15,176
Total Liabilities		 3,181 4,246 5,120 5,883 6,123 7,212 8,371 10,538 12,472 12,993
Non-Interest Bearing Deposits		 854 1,148 1,400 1,570 1,590 2,290 3,076 4,071 3,545 3,352
Interest Bearing Deposits		 1,990 2,375 3,192 3,608 3,994 4,643 4,992 5,911 8,232 8,890
Short-Term Debt		 - 204 216 214 86 120 122 172 375 232
Long-Term Debt		 120 485 282 451 386 71 72 235 156 352
Other Long-Term Liabilities		 45 33 30 41 66 88 110 150 164 167
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 353 435 690 864 986 1,130 1,311 1,608 2,108 2,183
Total Preferred & Common Equity		 353 435 690 864 986 1,130 1,311 1,608 2,108 2,183
Total Common Equity		 353 435 690 864 986 1,130 1,311 1,608 2,108 2,183
Common Stock		 403 458 666 784 791 862 970 1,385 1,817 1,834
Retained Earnings		 -43 -14 30 97 196 257 359 424 467 527
Treasury Stock		 -0.07 -1.24 -2.36 -3.38 -6.03 -8.29 -11 -13 -17 -19
Accumulated Other Comprehensive Income / (Loss)		 -6.21 -7.51 -4.22 -13 4.47 20 -6.99 -188 -160 -158

Quarterly Balance Sheets for Seacoast Banking Corporation of Florida

This table presents Seacoast Banking Corporation of Florida's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025
Total Assets		 10,345 15,255 15,042 14,823 14,830 14,953 15,168 15,732
Cash and Due from Banks		 176 181 164 182 138 169 183 191
Interest Bearing Deposits at Other Banks		 42 611 564 514 545 581 454 309
Time Deposits Placed and Other Short-Term Investments		 4.48 3.24 2.99 4.36 7.86 7.86 5.21 1.49
Trading Account Securities		 2,635 2,754 2,624 2,533 2,619 2,625 2,806 3,253
Loans and Leases, Net of Allowance		 6,596 9,979 9,958 9,862 9,831 9,897 10,065 10,303
Loans and Leases		 6,691 10,134 10,118 10,011 9,978 10,039 10,205 10,443
Allowance for Loan and Lease Losses		 95 156 160 150 147 142 140 140
Loans Held for Sale		 1.62 2.84 5.97 2.98 9.48 5.98 11 16
Premises and Equipment, Net		 82 117 117 116 111 110 109 108
Goodwill		 287 728 733 732 732 732 732 732
Intangible Assets		 19 117 110 102 89 83 77 66
Other Assets		 503 10,742 763 775 747 741 726 752
Total Liabilities & Shareholders' Equity		 10,345 15,255 15,042 14,823 14,830 14,953 15,168 15,732
Total Liabilities		 9,057 13,204 12,988 12,775 12,712 12,822 12,975 13,503
Interest Bearing Deposits		 8,765 - 12,283 12,108 12,016 12,116 12,244 12,575
Short-Term Debt		 94 268 290 276 327 262 210 201
Long-Term Debt		 72 491 266 216 216 287 352 572
Other Long-Term Liabilities		 126 136 149 174 153 157 169 155
Total Equity & Noncontrolling Interests		 1,288 2,051 2,054 2,048 2,118 2,130 2,194 2,230
Total Preferred & Common Equity		 1,288 2,051 2,054 2,048 2,118 2,130 2,194 2,230
Total Common Equity		 1,288 2,051 2,054 2,048 2,118 2,130 2,194 2,230
Common Stock		 6.15 1,812 1,818 1,822 1,820 1,824 1,830 1,837
Retained Earnings		 - 421 437 453 478 493 508 543
Treasury Stock		 - -13 -14 -14 -17 -19 -19 -19
Accumulated Other Comprehensive Income / (Loss)		 - -169 -187 -212 -164 -168 -125 -131

Annual Metrics And Ratios for Seacoast Banking Corporation of Florida

This table displays calculated financial ratios and metrics derived from Seacoast Banking Corporation of Florida's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 41.91% 24.85% 32.35% 11.40% 14.84% 7.98% 6.92% 24.66% 31.26% -9.16%
EBITDA Growth		 167.61% 35.84% 56.53% 8.03% 45.63% -23.18% 50.12% -7.30% -10.46% 28.69%
EBIT Growth		 248.32% 23.62% 79.63% 10.52% 46.93% -21.79% 57.82% -12.98% -2.81% 16.08%
NOPAT Growth		 288.71% 31.89% 46.79% 56.95% 46.77% -21.24% 59.98% -14.39% -2.32% 16.30%
Net Income Growth		 288.71% 31.89% 46.79% 56.95% 46.77% -21.24% 59.98% -14.39% -2.32% 16.30%
EPS Growth		 214.29% 18.18% 26.92% 39.39% 37.68% -24.21% 51.39% -23.85% -25.90% 15.45%
Operating Cash Flow Growth		 34.46% 110.13% -21.12% 165.00% -9.15% -48.49% 154.85% 26.71% -23.10% 19.45%
Free Cash Flow Firm Growth		 79.85% -2,488.39% 96.85% -1,304.11% 161.96% 25.81% -127.15% -594.34% -28.90% 98.59%
Invested Capital Growth		 10.81% 137.60% 5.55% 28.82% -4.68% -9.36% 13.82% 33.94% 31.01% 4.86%
Revenue Q/Q Growth		 3.89% 6.01% 13.28% -0.82% -15.41% 25.41% 2.14% 12.02% -1.60% 0.92%
EBITDA Q/Q Growth		 75.76% 50.09% 21.63% -12.86% -41.93% 901.58% 2.64% -7.99% 6.28% 15.76%
EBIT Q/Q Growth		 50.12% 16.66% 28.08% -12.52% -45.15% 546.02% 4.29% -8.57% 4.74% 3.86%
NOPAT Q/Q Growth		 51.78% 19.35% 5.61% 4.53% 12.81% 2.87% 5.95% -10.43% 5.71% 3.90%
Net Income Q/Q Growth		 51.78% 19.35% 5.61% 4.53% 12.81% 2.87% 5.95% -10.43% 5.71% 3.90%
EPS Q/Q Growth		 53.49% 20.00% 0.00% 1.47% 12.43% 1.41% 3.81% -14.87% 0.82% 3.65%
Operating Cash Flow Q/Q Growth		 34.46% -13.78% -28.12% 51.91% -1.93% -0.11% 5.05% -0.67% -11.00% 9.17%
Free Cash Flow Firm Q/Q Growth		 79.28% -96.87% 90.34% -611.93% 8,546.83% 432.43% -3.72% -404.35% 47.35% 92.55%
Invested Capital Q/Q Growth		 0.69% 38.75% 12.66% 43.66% 26.32% 2.10% 2.47% 38.55% 3.86% 0.42%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 29.39% 31.98% 37.82% 36.68% 46.51% 33.09% 46.46% 34.55% 23.57% 33.39%
EBIT Margin		 25.10% 24.86% 33.74% 33.47% 42.82% 31.01% 45.78% 31.96% 23.66% 30.24%
Profit (Net Income) Margin		 15.58% 16.46% 18.26% 25.72% 32.87% 23.98% 35.88% 24.64% 18.34% 23.47%
Tax Burden Percent		 62.08% 66.23% 54.12% 76.86% 76.77% 77.31% 78.37% 77.10% 77.49% 77.63%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 37.92% 33.77% 45.88% 23.14% 23.23% 22.69% 21.63% 22.90% 22.51% 22.37%
Return on Invested Capital (ROIC)		 4.92% 3.65% 3.71% 4.95% 6.61% 5.60% 8.81% 6.05% 4.47% 4.48%
ROIC Less NNEP Spread (ROIC-NNEP)		 4.92% 3.65% 3.71% 4.95% 6.61% 5.60% 8.81% 6.05% 4.47% 4.48%
Return on Net Nonoperating Assets (RNNOA)		 1.73% 3.75% 3.91% 3.71% 4.06% 1.75% 1.39% 1.24% 1.13% 1.16%
Return on Equity (ROE)		 6.65% 7.40% 7.62% 8.66% 10.68% 7.35% 10.19% 7.30% 5.60% 5.64%
Cash Return on Invested Capital (CROIC)		 -5.34% -77.86% -1.69% -20.23% 11.40% 15.42% -4.12% -22.96% -22.38% -0.27%
Operating Return on Assets (OROA)		 1.08% 1.07% 1.51% 1.39% 1.86% 1.30% 1.76% 1.27% 1.00% 1.05%
Return on Assets (ROA)		 0.67% 0.71% 0.82% 1.07% 1.43% 1.01% 1.38% 0.98% 0.78% 0.81%
Return on Common Equity (ROCE)		 6.65% 7.40% 7.62% 8.66% 10.68% 7.35% 10.19% 7.30% 5.60% 5.64%
Return on Equity Simple (ROE_SIMPLE)		 6.26% 6.71% 6.22% 7.78% 10.02% 6.88% 9.49% 6.62% 4.94% 5.54%
Net Operating Profit after Tax (NOPAT)		 22 29 43 67 99 78 124 107 104 121
NOPAT Margin		 15.58% 16.46% 18.26% 25.72% 32.87% 23.98% 35.88% 24.64% 18.34% 23.47%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 37.82% 40.84% 40.75% 44.57% 49.25% 47.98%
Operating Expenses to Revenue		 73.04% 73.78% 63.86% 62.05% 53.52% 57.21% 56.94% 61.99% 69.73% 66.61%
Earnings before Interest and Taxes (EBIT)		 36 44 79 88 129 101 159 138 134 156
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 42 57 89 96 140 107 161 149 134 172
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 1.35 1.78 1.47 1.32 1.48 1.33 1.48 1.12 1.12 1.08
Price to Tangible Book Value (P/TBV)		 1.49 2.18 1.94 1.80 1.92 1.69 1.85 1.72 1.84 1.71
Price to Revenue (P/Rev)		 3.35 4.38 4.33 4.35 4.85 4.64 5.58 4.18 4.15 4.56
Price to Earnings (P/E)		 21.52 26.60 23.69 16.93 14.76 19.34 15.55 16.98 22.64 19.44
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.18% 2.18% 2.57% 2.62%
Earnings Yield		 4.65% 3.76% 4.22% 5.91% 6.78% 5.17% 6.43% 5.89% 4.42% 5.14%
Enterprise Value to Invested Capital (EV/IC)		 0.97 1.21 1.17 1.10 1.24 0.98 0.92 1.00 0.92 0.89
Enterprise Value to Revenue (EV/Rev)		 3.24 7.65 5.93 6.42 6.00 3.98 4.01 4.65 4.29 4.77
Enterprise Value to EBITDA (EV/EBITDA)		 11.02 23.91 15.67 17.51 12.89 12.02 8.63 13.46 18.20 14.27
Enterprise Value to EBIT (EV/EBIT)		 12.90 30.77 17.57 19.19 14.00 12.83 8.76 14.55 18.13 15.76
Enterprise Value to NOPAT (EV/NOPAT)		 20.79 46.45 32.46 24.97 18.24 16.59 11.17 18.87 23.39 20.30
Enterprise Value to Operating Cash Flow (EV/OCF)		 15.60 21.88 28.45 12.96 15.30 21.28 8.99 10.26 16.16 13.65
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 10.58 6.02 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.34 1.58 0.72 0.77 0.48 0.17 0.15 0.25 0.25 0.27
Long-Term Debt to Equity		 0.34 1.11 0.41 0.52 0.39 0.06 0.05 0.15 0.07 0.16
Financial Leverage		 0.35 1.03 1.06 0.75 0.61 0.31 0.16 0.21 0.25 0.26
Leverage Ratio		 9.95 10.41 9.32 8.08 7.49 7.30 7.38 7.48 7.19 6.93
Compound Leverage Factor		 9.95 10.41 9.32 8.08 7.49 7.30 7.38 7.48 7.19 6.93
Debt to Total Capital		 25.34% 61.29% 41.91% 43.49% 32.39% 14.45% 12.85% 20.18% 20.12% 21.11%
Short-Term Debt to Total Capital		 0.00% 18.15% 18.20% 14.01% 5.91% 9.05% 8.08% 8.54% 14.19% 8.39%
Long-Term Debt to Total Capital		 25.34% 43.14% 23.71% 29.48% 26.48% 5.40% 4.76% 11.64% 5.92% 12.72%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 74.66% 38.71% 58.09% 56.51% 67.61% 85.55% 87.15% 79.82% 79.88% 78.89%
Debt to EBITDA		 2.87 12.15 5.60 6.93 3.38 1.78 1.20 2.72 3.97 3.39
Net Debt to EBITDA		 -0.39 10.22 4.23 5.64 2.46 -1.99 -3.38 1.35 0.58 0.61
Long-Term Debt to EBITDA		 2.87 8.55 3.17 4.70 2.76 0.67 0.44 1.57 1.17 2.05
Debt to NOPAT		 5.42 23.61 11.61 9.89 4.78 2.46 1.55 3.82 5.10 4.83
Net Debt to NOPAT		 -0.73 19.85 8.76 8.04 3.48 -2.75 -4.38 1.89 0.75 0.86
Long-Term Debt to NOPAT		 5.42 16.62 6.57 6.70 3.91 0.92 0.58 2.20 1.50 2.91
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -24 -622 -20 -275 170 214 -58 -404 -521 -7.33
Operating Cash Flow to CapEx		 324.60% 1,024.23% 856.55% 3,224.88% 4,666.86% 3,821.80% 3,572.27% 1,548.90% 1,463.26% 4,459.64%
Free Cash Flow to Firm to Interest Expense		 -3.47 -73.49 -1.28 -9.20 3.69 8.82 -7.08 -28.18 -2.59 -0.03
Operating Cash Flow to Interest Expense		 4.26 7.32 3.20 4.34 2.55 2.50 18.81 13.67 0.75 0.61
Operating Cash Flow Less CapEx to Interest Expense		 2.95 6.61 2.82 4.20 2.49 2.43 18.28 12.78 0.70 0.60
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.03
Fixed Asset Turnover		 2.85 3.13 3.74 3.79 4.36 4.58 4.70 4.57 4.93 4.67
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 473 1,125 1,187 1,529 1,458 1,321 1,504 2,014 2,639 2,767
Invested Capital Turnover		 0.32 0.22 0.20 0.19 0.20 0.23 0.25 0.25 0.24 0.19
Increase / (Decrease) in Invested Capital		 46 651 62 342 -72 -136 183 510 625 128
Enterprise Value (EV)		 460 1,356 1,391 1,680 1,801 1,290 1,390 2,010 2,433 2,456
Market Capitalization		 476 777 1,016 1,139 1,457 1,504 1,935 1,809 2,356 2,352
Book Value per Share		 $10.29 $11.45 $15.85 $18.28 $19.15 $20.49 $22.46 $26.15 $24.76 $25.55
Tangible Book Value per Share		 $9.31 $9.37 $12.02 $13.40 $14.77 $16.18 $17.89 $17.11 $15.03 $16.14
Total Capital		 473 1,125 1,187 1,529 1,458 1,321 1,504 2,014 2,639 2,767
Total Debt		 120 689 498 665 472 191 193 407 531 584
Total Long-Term Debt		 120 485 282 451 386 71 72 235 156 352
Net Debt		 -16 580 376 541 344 -214 -545 201 78 104
Capital Expenditures (CapEx)		 9.09 6.05 5.71 4.02 2.52 1.59 4.33 13 10 4.03
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 120 689 498 665 472 191 193 407 531 584
Total Depreciation and Amortization (D&A)		 6.09 13 9.59 8.39 11 6.73 2.37 11 -0.53 16
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.66 $0.79 $1.01 $1.40 $1.92 $1.45 $2.20 $1.67 $1.24 $1.43
Adjusted Weighted Average Basic Shares Outstanding		 33.50M 36.87M 42.61M 47.97M 51.45M 53.50M 56.59M 63.71M 83.80M 84.37M
Adjusted Diluted Earnings per Share		 $0.66 $0.78 $0.99 $1.38 $1.90 $1.44 $2.18 $1.66 $1.23 $1.42
Adjusted Weighted Average Diluted Shares Outstanding		 33.74M 37.51M 43.35M 48.75M 52.03M 53.93M 57.09M 64.26M 84.33M 85.04M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $1.92 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 34.63M 40.73M 46.92M 51.32M 51.52M 55.25M 61.20M 84.53M 84.89M 85.61M
Normalized Net Operating Profit after Tax (NOPAT)		 22 29 43 67 99 80 124 105 105 121
Normalized NOPAT Margin		 15.58% 16.46% 18.26% 25.72% 32.87% 24.52% 35.82% 24.37% 18.47% 23.54%
Pre Tax Income Margin		 25.10% 24.86% 33.74% 33.47% 42.82% 31.01% 45.78% 31.96% 23.66% 30.24%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 5.15 5.21 5.18 2.93 2.78 4.14 19.31 9.64 0.67 0.53
NOPAT to Interest Expense		 3.19 3.45 2.80 2.25 2.14 3.20 15.14 7.43 0.52 0.41
EBIT Less CapEx to Interest Expense		 3.84 4.49 4.80 2.79 2.73 4.08 18.79 8.76 0.62 0.52
NOPAT Less CapEx to Interest Expense		 1.88 2.73 2.43 2.12 2.08 3.14 14.61 6.55 0.47 0.40
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 18.09% 38.72% 58.24% 50.96%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 18.09% 38.72% 68.69% 51.68%

Quarterly Metrics And Ratios for Seacoast Banking Corporation of Florida

This table displays calculated financial ratios and metrics derived from Seacoast Banking Corporation of Florida's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 15.53% 50.95% 67.14% 50.63% 31.34% -6.70% -18.24% -14.76% -4.93% 3.68% 12.04%
EBITDA Growth		 44.37% -28.18% -57.98% -10.01% -6.33% 23.91% 219.27% 5.15% -32.69% 57.21% 23.62%
EBIT Growth		 27.87% -28.99% -45.03% -0.49% 5.57% 19.16% 132.97% -5.51% -3.06% 15.34% 20.73%
NOPAT Growth		 27.43% -34.14% -42.55% -4.60% 7.45% 23.47% 119.89% -3.22% -2.43% 15.37% 20.99%
Net Income Growth		 27.43% -34.14% -42.55% -4.60% 7.45% 23.47% 119.89% -3.22% -2.43% 15.37% 20.99%
EPS Growth		 17.50% -46.77% -54.55% -30.19% -21.28% 3.03% 106.67% -2.70% -2.70% 14.71% 19.35%
Operating Cash Flow Growth		 112.68% -2.63% -76.08% 2.79% 27.81% -38.38% 89.13% 26.28% -14.81% 50.56% 25.67%
Free Cash Flow Firm Growth		 128.58% -232.64% -549.11% -912.71% -2,553.38% -22.33% 113.98% 96.37% 82.55% 84.16% -277.94%
Invested Capital Growth		 -0.94% 33.94% 81.38% 72.64% 74.78% 31.01% -5.29% 2.64% 8.46% 4.86% 12.85%
Revenue Q/Q Growth		 5.86% 31.59% 11.82% -3.29% -7.70% -6.52% -2.01% 0.82% 2.95% 1.94% 5.89%
EBITDA Q/Q Growth		 -7.34% -22.18% -64.37% 250.28% -3.55% 2.94% -8.19% 15.36% -38.26% 140.42% -27.81%
EBIT Q/Q Growth		 -7.90% -17.29% -54.21% 185.31% -2.29% -6.64% -10.49% 15.71% 0.26% 11.07% -6.30%
NOPAT Q/Q Growth		 -10.74% -18.16% -50.57% 164.22% 0.53% -5.96% -11.97% 16.30% 1.35% 11.20% -7.69%
Net Income Q/Q Growth		 -10.74% -18.16% -50.57% 164.22% 0.53% -5.96% -11.97% 16.30% 1.35% 11.20% -7.69%
EPS Q/Q Growth		 -11.32% -29.79% -54.55% 146.67% 0.00% -8.11% -8.82% 16.13% 0.00% 8.33% -5.13%
Operating Cash Flow Q/Q Growth		 11.90% -1.07% -73.10% 245.19% 39.14% -52.31% -17.44% 130.48% -6.14% -15.70% -31.09%
Free Cash Flow Firm Q/Q Growth		 140.84% -1,230.49% -156.70% 14.56% 1.05% 43.63% 129.33% -122.18% -375.76% 48.84% -229.59%
Invested Capital Q/Q Growth		 -3.84% 38.55% 39.47% -7.10% -2.65% 3.86% 0.83% 0.68% 2.86% 0.42% 8.52%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 40.67% 24.06% 7.66% 27.76% 29.01% 31.95% 29.93% 34.25% 20.54% 48.44% 33.02%
EBIT Margin		 36.74% 23.09% 9.46% 27.90% 29.53% 29.50% 26.94% 30.92% 30.11% 32.81% 29.03%
Profit (Net Income) Margin		 28.01% 17.42% 7.70% 21.04% 22.91% 23.05% 20.71% 23.89% 23.52% 25.65% 22.36%
Tax Burden Percent		 76.23% 75.43% 81.43% 75.41% 77.58% 78.16% 76.86% 77.25% 78.09% 78.18% 77.02%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 23.77% 24.57% 18.57% 24.59% 22.42% 21.84% 23.14% 22.75% 21.91% 21.82% 22.98%
Return on Invested Capital (ROIC)		 7.40% 4.28% 1.75% 5.55% 6.61% 5.62% 4.08% 4.67% 4.53% 4.89% 4.19%
ROIC Less NNEP Spread (ROIC-NNEP)		 7.40% 4.28% 1.75% 5.55% 6.61% 5.62% 4.08% 4.67% 4.53% 4.89% 4.19%
Return on Net Nonoperating Assets (RNNOA)		 0.98% 0.88% 0.49% 1.21% 1.31% 1.42% 1.28% 1.23% 1.13% 1.27% 1.27%
Return on Equity (ROE)		 8.38% 5.16% 2.23% 6.76% 7.92% 7.04% 5.36% 5.91% 5.66% 6.16% 5.46%
Cash Return on Invested Capital (CROIC)		 9.08% -22.96% -53.36% -48.62% -49.50% -22.38% 9.75% 1.82% -3.72% -0.27% -7.61%
Operating Return on Assets (OROA)		 1.40% 0.91% 0.36% 1.17% 1.35% 1.25% 0.97% 1.07% 1.03% 1.14% 1.01%
Return on Assets (ROA)		 1.07% 0.69% 0.29% 0.89% 1.05% 0.98% 0.74% 0.82% 0.80% 0.89% 0.78%
Return on Common Equity (ROCE)		 8.38% 5.16% 2.23% 6.76% 7.92% 7.04% 5.36% 5.91% 5.66% 6.16% 5.46%
Return on Equity Simple (ROE_SIMPLE)		 9.23% 0.00% 4.77% 4.69% 4.80% 0.00% 5.58% 5.50% 5.31% 0.00% 5.67%
Net Operating Profit after Tax (NOPAT)		 29 24 12 31 31 30 26 30 31 34 31
NOPAT Margin		 28.01% 17.42% 7.70% 21.04% 22.91% 23.05% 20.71% 23.89% 23.52% 25.65% 22.36%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 40.03% 49.72% 48.63% 52.75% 48.75% 46.49% 51.86% 47.03% 46.48% 46.70% 44.76%
Operating Expenses to Revenue		 58.78% 66.62% 69.97% 72.62% 68.50% 67.39% 71.97% 65.19% 65.07% 64.40% 64.39%
Earnings before Interest and Taxes (EBIT)		 38 32 15 41 40 38 34 39 39 44 41
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 42 33 12 41 40 41 38 43 27 64 46
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.37 1.12 0.94 0.88 0.89 1.12 1.01 0.94 1.04 1.08 0.99
Price to Tangible Book Value (P/TBV)		 1.80 1.72 1.60 1.50 1.50 1.84 1.66 1.53 1.64 1.71 1.54
Price to Revenue (P/Rev)		 4.57 4.18 3.91 3.34 3.15 4.15 3.98 3.88 4.45 4.56 4.15
Price to Earnings (P/E)		 14.84 16.98 19.74 18.86 18.45 22.64 18.14 17.13 19.52 19.44 17.42
Dividend Yield		 2.09% 2.18% 2.98% 3.22% 3.28% 2.57% 2.86% 3.05% 2.70% 2.62% 2.80%
Earnings Yield		 6.74% 5.89% 5.07% 5.30% 5.42% 4.42% 5.51% 5.84% 5.12% 5.14% 5.74%
Enterprise Value to Invested Capital (EV/IC)		 1.17 1.00 0.67 0.63 0.63 0.92 0.75 0.67 0.80 0.89 0.82
Enterprise Value to Revenue (EV/Rev)		 4.43 4.65 3.83 3.02 2.79 4.29 3.70 3.48 4.29 4.77 4.66
Enterprise Value to EBITDA (EV/EBITDA)		 10.52 13.46 14.23 12.76 12.78 18.20 12.52 11.13 14.75 14.27 13.67
Enterprise Value to EBIT (EV/EBIT)		 11.30 14.55 15.00 13.01 12.55 18.13 13.01 11.89 14.62 15.76 15.19
Enterprise Value to NOPAT (EV/NOPAT)		 14.36 18.87 19.37 17.04 16.34 23.39 16.90 15.35 18.83 20.30 19.57
Enterprise Value to Operating Cash Flow (EV/OCF)		 8.66 10.26 12.27 10.54 9.50 16.16 12.31 10.34 13.31 13.65 13.28
Enterprise Value to Free Cash Flow (EV/FCFF)		 12.87 0.00 0.00 0.00 0.00 0.00 7.49 37.29 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.13 0.25 0.37 0.27 0.24 0.25 0.26 0.26 0.26 0.27 0.35
Long-Term Debt to Equity		 0.06 0.15 0.24 0.13 0.11 0.07 0.10 0.13 0.16 0.16 0.26
Financial Leverage		 0.13 0.21 0.28 0.22 0.20 0.25 0.31 0.26 0.25 0.26 0.30
Leverage Ratio		 7.85 7.48 7.68 7.64 7.54 7.19 7.22 7.17 7.07 6.93 7.03
Compound Leverage Factor		 7.85 7.48 7.68 7.64 7.54 7.19 7.22 7.17 7.07 6.93 7.03
Debt to Total Capital		 11.42% 20.18% 26.99% 21.31% 19.39% 20.12% 20.41% 20.48% 20.39% 21.11% 25.75%
Short-Term Debt to Total Capital		 6.48% 8.54% 9.53% 11.12% 10.88% 14.19% 12.28% 9.78% 7.63% 8.39% 6.70%
Long-Term Debt to Total Capital		 4.94% 11.64% 17.47% 10.19% 8.51% 5.92% 8.14% 10.70% 12.77% 12.72% 19.05%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 88.58% 79.82% 73.01% 78.69% 80.61% 79.88% 79.59% 79.52% 79.61% 78.89% 74.25%
Debt to EBITDA		 1.02 2.72 5.70 4.33 3.91 3.97 3.40 3.39 3.78 3.39 4.27
Net Debt to EBITDA		 -0.35 1.35 -0.27 -1.36 -1.65 0.58 -0.92 -1.29 -0.54 0.61 1.50
Long-Term Debt to EBITDA		 0.44 1.57 3.69 2.07 1.72 1.17 1.36 1.77 2.37 2.05 3.16
Debt to NOPAT		 1.40 3.82 7.76 5.78 5.01 5.10 4.60 4.68 4.83 4.83 6.12
Net Debt to NOPAT		 -0.48 1.89 -0.37 -1.82 -2.11 0.75 -1.25 -1.78 -0.69 0.86 2.14
Long-Term Debt to NOPAT		 0.60 2.20 5.02 2.76 2.20 1.50 1.83 2.45 3.02 2.91 4.52
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 43 -486 -1,249 -1,067 -1,056 -595 175 -39 -184 -94 -311
Operating Cash Flow to CapEx		 529.74% 5,732.39% 224.45% 1,493.53% 7,476.73% 4,758.44% 3,237.80% 2,611.99% 5,648.04% 29,995.33% 964.72%
Free Cash Flow to Firm to Interest Expense		 13.79 -65.74 -46.53 -22.55 -17.44 -9.01 2.47 -0.51 -2.38 -1.34 -4.72
Operating Cash Flow to Interest Expense		 15.71 6.55 0.49 0.95 1.03 0.45 0.35 0.75 0.69 0.64 0.47
Operating Cash Flow Less CapEx to Interest Expense		 12.75 6.44 0.27 0.89 1.02 0.44 0.34 0.73 0.68 0.64 0.42
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.04 0.04 0.05 0.04 0.04 0.03 0.03 0.03 0.03
Fixed Asset Turnover		 5.05 4.57 5.17 5.67 5.84 4.93 4.75 4.56 4.55 4.67 4.84
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,454 2,014 2,809 2,610 2,541 2,639 2,661 2,679 2,756 2,767 3,003
Invested Capital Turnover		 0.26 0.25 0.23 0.26 0.29 0.24 0.20 0.20 0.19 0.19 0.19
Increase / (Decrease) in Invested Capital		 -14 510 1,261 1,098 1,087 625 -149 69 215 128 342
Enterprise Value (EV)		 1,708 2,010 1,894 1,640 1,608 2,433 1,997 1,799 2,193 2,456 2,474
Market Capitalization		 1,765 1,809 1,930 1,815 1,816 2,356 2,145 2,008 2,273 2,352 2,203
Book Value per Share		 $20.97 $26.15 $24.27 $24.28 $24.07 $24.76 $24.94 $25.08 $25.72 $25.55 $26.04
Tangible Book Value per Share		 $16.00 $17.11 $14.26 $14.32 $14.27 $15.03 $15.26 $15.48 $16.23 $16.14 $16.71
Total Capital		 1,454 2,014 2,809 2,610 2,541 2,639 2,661 2,679 2,756 2,767 3,003
Total Debt		 166 407 758 556 493 531 543 549 562 584 773
Total Long-Term Debt		 72 235 491 266 216 156 216 287 352 352 572
Net Debt		 -57 201 -36 -175 -208 78 -147 -209 -80 104 271
Capital Expenditures (CapEx)		 9.25 0.85 5.81 3.02 0.84 0.63 0.76 2.18 0.95 0.15 3.21
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 166 407 758 556 493 531 543 549 562 584 773
Total Depreciation and Amortization (D&A)		 4.11 1.32 -2.75 -0.20 -0.72 3.14 3.75 4.21 -12 21 5.62
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.48 $0.32 $0.15 $0.37 $0.37 $0.35 $0.31 $0.36 $0.36 $0.40 $0.37
Adjusted Weighted Average Basic Shares Outstanding		 61.44M 63.71M 80.15M 85.02M 85.14M 83.80M 84.91M 84.34M 84.43M 84.37M 84.65M
Adjusted Diluted Earnings per Share		 $0.47 $0.33 $0.15 $0.37 $0.37 $0.34 $0.31 $0.36 $0.36 $0.39 $0.37
Adjusted Weighted Average Diluted Shares Outstanding		 61.96M 64.26M 80.72M 85.54M 85.67M 84.33M 85.27M 84.82M 85.07M 85.04M 85.39M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 61.48M 84.53M 84.61M 85.09M 85.15M 84.89M 84.94M 85.30M 85.44M 85.61M 85.99M
Normalized Net Operating Profit after Tax (NOPAT)		 29 24 12 31 32 30 26 30 31 34 32
Normalized NOPAT Margin		 28.01% 17.19% 7.80% 21.01% 23.07% 23.40% 20.69% 23.82% 23.81% 25.70% 23.07%
Pre Tax Income Margin		 36.74% 23.09% 9.46% 27.90% 29.53% 29.50% 26.94% 30.92% 30.11% 32.81% 29.03%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 12.29 4.29 0.54 0.88 0.67 0.57 0.48 0.52 0.51 0.62 0.62
NOPAT to Interest Expense		 9.37 3.23 0.44 0.66 0.52 0.45 0.37 0.40 0.40 0.49 0.48
EBIT Less CapEx to Interest Expense		 9.33 4.17 0.32 0.81 0.66 0.56 0.47 0.49 0.49 0.62 0.57
NOPAT Less CapEx to Interest Expense		 6.40 3.12 0.22 0.60 0.51 0.44 0.36 0.37 0.38 0.48 0.43
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 30.83% 38.72% 48.77% 54.64% 58.39% 58.24% 52.00% 52.46% 52.84% 50.96% 48.87%
Augmented Payout Ratio		 30.83% 38.72% 48.77% 54.69% 58.44% 68.69% 52.00% 62.45% 62.89% 51.68% 48.87%

Key Financial Trends

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) has demonstrated steady financial performance over the last four years with notable trends in income, expenses, and balance sheet composition up to the first quarter of 2025.

Positive Trends:

  • Net interest income has generally increased over the years, reaching $118.5 million in Q1 2025 compared to $131.1 million in Q1 2023 and lower levels in 2022, indicating strong core earnings generation.
  • Non-interest income has shown growth, particularly in Q1 2025 with $22.2 million compared to $20.5 million in Q1 2024 and earlier quarters, reflecting diversification beyond interest income.
  • Net income has improved over recent quarters, with Q1 2025 reporting $31.5 million, up from $26.0 million in Q1 2024 and $11.8 million in Q1 2023, demonstrating improving profitability.
  • Provision for credit losses decreased significantly in Q1 2024 ($1.4 million) compared to Q1 2023 ($31.6 million), and was moderately higher recently in Q1 2025 at $9.3 million, suggesting an improving but cautious credit environment.
  • Total assets have grown from approximately $10.3 billion in Q3 2022 to $15.7 billion by Q1 2025, indicating balance sheet expansion and potential for increased revenue generation.
  • Deposits and interest-bearing deposits have shown strong growth, reaching $12.6 billion in deposits by Q1 2025 from approximately $8.7 billion in Q3 2022, enhancing the bank's funding base.
  • Management continues to pay consistent dividends, with a steady quarterly dividend of $0.18 per share as of Q1 2025, supporting shareholder returns.

Neutral Trends:

  • Earnings per share (diluted) have generally increased from $0.15 in Q1 2023 to $0.37 in Q1 2025, reflecting improved earnings but also influenced by changes in share count over time.
  • Total non-interest expenses remain elevated but relatively stable, around $90 million in Q1 2025, consistent with the bank's scale and operating activities.
  • Long-term debt has increased from $71.9 million in Q3 2022 to over $572 million by Q1 2025, providing capital but also increasing interest expense obligations.

Negative Trends:

  • Interest expense on deposits and long-term debt has risen, with total interest expense at $65.7 million in Q1 2025 compared to lower levels in prior years, which could pressure net interest margin.
  • Allowance for loan and lease losses remains high at around $140 million, reflecting ongoing credit risk considerations amid a growing loan portfolio.
  • Cash flows from investing activities show large outflows, with $513 million used in Q1 2025, mostly due to investment securities purchases, which could affect liquidity.
  • The bank's accumulated other comprehensive loss has increased to $130.7 million negative by Q1 2025, which affects equity and may reflect unrealized losses on securities or other comprehensive income items.

Overall, Seacoast Banking Corporation of Florida shows solid revenue growth and improving profitability, supported by expanding assets and deposits. However, investors should note the rising interest expenses, significant investing cash outflows, and elevated credit loss provisions which could influence future performance and margins. The consistent dividend payments and growth in net income per share present an attractive feature for income-focused investors.

08/04/25 09:10 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Seacoast Banking Corporation of Florida's Financials

When does Seacoast Banking Corporation of Florida's financial year end?

According to the most recent income statement we have on file, Seacoast Banking Corporation of Florida's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Seacoast Banking Corporation of Florida's net income changed over the last 9 years?

Seacoast Banking Corporation of Florida's net income appears to be on an upward trend, with a most recent value of $120.99 million in 2024, rising from $22.14 million in 2015. The previous period was $104.03 million in 2023. See where experts think Seacoast Banking Corporation of Florida is headed by visiting Seacoast Banking Corporation of Florida's forecast page.

How has Seacoast Banking Corporation of Florida's revenue changed over the last 9 years?

Over the last 9 years, Seacoast Banking Corporation of Florida's total revenue changed from $142.08 million in 2015 to $515.40 million in 2024, a change of 262.7%.

How much debt does Seacoast Banking Corporation of Florida have?

Seacoast Banking Corporation of Florida's total liabilities were at $12.99 billion at the end of 2024, a 4.2% increase from 2023, and a 308.4% increase since 2015.

How much cash does Seacoast Banking Corporation of Florida have?

In the past 9 years, Seacoast Banking Corporation of Florida's cash and equivalents has ranged from $81.22 million in 2015 to $238.75 million in 2021, and is currently $171.62 million as of their latest financial filing in 2024.

How has Seacoast Banking Corporation of Florida's book value per share changed over the last 9 years?

Over the last 9 years, Seacoast Banking Corporation of Florida's book value per share changed from 10.29 in 2015 to 25.55 in 2024, a change of 148.3%.


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This page (NASDAQ:SBCF) was last updated on 8/4/2025 by MarketBeat.com Staff
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