SEACOAST BANKING CORP OF FLORIDA SBCF
Seacoast Banking Corporation of Florida ("Seacoast" or the "Company") is a financial holding company, incorporated in Florida in 1983, and registered under the Bank Holding Company Act of 1956, as amended (the "BHC Act"). Its principal subsidiary is Seacoast National Bank, a wholly-owned national banking association ("Seacoast Bank") chartered in 1926. As of December 31, 2025, Seacoast had total consolidated assets of $20.8 billion, total deposits of $16.3 billion, total consolidated liabilities, including deposits, of $17.8 billion, consolidated convertible preferred stock of $0.3 billion, and consolidated shareholders' equity of $2.7 billion.
Seacoast Bank is one of the largest banks headquartered in Florida, with an expanding presence in the state's fastest growing markets, each of which has unique characteristics and opportunities. This growth has been achieved through a balanced strategy consisting of organic growth and opportunistic acquisitions. The Company provides integrated financial services including commercial and consumer banking, wealth management, mortgage and insurance services to customers through advanced mobile and online banking solutions, and through Seacoast Bank's network of 104 full-service branches.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $836.4M | $725.6M | $689.0M | $380.5M | $284.2M | $287.0M | $289.8M | $241.4M | $191.6M | $148.1M |
| Interest expense | $553.5M | $432.0M | $488.2M | $366.2M | $8.2M | $24.3M | $46.2M | $29.9M | $15.3M | $8.5M |
| Pre-tax income | $186.5M | $155.8M | $134.3M | $138.1M | $158.7M | $100.6M | $128.6M | $87.5M | $79.2M | $44.1M |
| Income tax | $41.6M | $34.9M | $30.2M | $31.6M | $34.3M | $22.8M | $29.9M | $20.3M | $36.3M | $14.9M |
| Net income | $144.9M | $121.0M | $104.0M | $106.5M | $124.4M | $77.8M | $98.7M | $67.3M | $42.9M | $29.2M |
| EPS, basic | 1.59 | 1.43 | 1.24 | 1.67 | 2.20 | 1.45 | 1.92 | 1.40 | 1.01 | 0.79 |
| EPS, diluted | 1.57 | 1.42 | 1.23 | 1.66 | 2.18 | 1.44 | 1.90 | 1.38 | 0.99 | 0.78 |
| Shares, diluted (wtd. avg.) | 89.1M | 85.0M | 84.3M | 64.3M | 57.1M | 53.9M | 52.0M | 48.7M | 43.4M | 37.5M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $388.5M | $476.6M | $447.2M | $201.9M | $737.7M | $404.1M | $124.5M | $116.0M | $109.5M | $109.6M |
| Property, plant and equipment | $160.1M | $107.6M | $113.3M | $116.9M | $72.4M | $75.1M | $66.6M | $71.0M | $66.9M | $58.7M |
| Goodwill | $1.03B | $732.4M | $732.4M | $480.3M | $252.2M | $221.2M | $205.3M | $204.8M | $147.6M | $64.6M |
| Other intangibles | $195.7M | $71.7M | $95.6M | $75.5M | $13.0M | $14.6M | $18.3M | $24.8M | $18.9M | $14.6M |
| Total assets | $20.84B | $15.18B | $14.58B | $12.15B | $9.68B | $8.34B | $7.11B | $6.75B | $5.81B | $4.68B |
| Long-term debt | $112.8M | $107.0M | $106.3M | $84.5M | — | — | — | — | — | — |
| Total liabilities | $17.79B | $12.99B | $12.47B | $10.54B | $8.37B | $7.21B | $6.12B | $5.88B | $5.12B | $4.25B |
| Retained earnings | $603.8M | $526.6M | $467.3M | $423.9M | $358.6M | $256.7M | $195.8M | $97.1M | $29.9M | -$13.7M |
| Total equity | $2.71B | $2.18B | $2.11B | $1.61B | $1.31B | $1.13B | $985.6M | $864.3M | $689.7M | $435.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $188.1M | $179.9M | $150.6M | $195.9M | $154.6M | $60.7M | $117.7M | $129.6M | $48.9M | $62.0M |
| Depreciation and amortisation | $9.7M | $8.6M | $8.2M | $6.1M | $5.5M | $6.0M | $6.4M | $6.4M | $5.6M | $5.1M |
| Stock-based compensation | $15.7M | $13.7M | $13.4M | $11.2M | $8.7M | $7.3M | $7.2M | $7.8M | $5.3M | $4.2M |
| Investing cash flow | -$706.8M | -$606.9M | $527.4M | -$364.9M | -$412.5M | -$342.5M | -$321.3M | -$174.6M | -$245.6M | -$511.8M |
| Financing cash flow | $430.6M | $456.4M | -$432.8M | -$366.8M | $591.6M | $561.4M | $212.2M | $51.4M | $196.5M | $423.4M |
| Buybacks | $0 | $880.0K | $10.9M | $0 | $0 | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-024690.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $148.1M | $191.6M | $241.4M | $289.8M | $287.0M | $284.2M | $380.5M | $689.0M | $725.6M | $836.4M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $29.2M | $42.9M | $67.3M | $98.7M | $77.8M | $124.4M | $106.5M | $104.0M | $121.0M | $144.9M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Regulation FD disclosure Item 7.01
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Officer or director change Item 5.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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