Seacoast Banking Corporation Of Florida

$SBCF Market Cap: $2.547 Billion

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Financial Snapshot

Revenue

$539.6M

TTM

Gross Margin

Net Earnings

$116.4M

TTM

Current Assets

Current Liabilities

$210.2M

Q3 2024

Current Ratio

Total Assets

$15.17B

Q3 2024

Total Liabilities

$12.97B

Q3 2024

Book Value

$2.194B

Q3 2024

Cash

$637.1M

Q3 2024

P/E

21.87

Nov 13, 2024 EST

Free Cash Flow

$107.9M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984
Revenue	$689.0M	$380.5M	$284.2M	$287.0M	$289.8M	$241.4M	$191.6M	$148.1M	$116.4M	$80.26M	$70.76M	$73.29M	$80.79M
YoY Change	81.07%	33.86%	-0.97%	-0.96%	20.06%	25.99%	29.41%	27.18%	45.05%	13.42%	-3.44%	-9.29%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue	$689.0M	$380.5M	$284.2M	$287.0M	$289.8M	$241.4M	$191.6M	$148.1M	$116.4M	$80.26M	$70.76M	$73.29M	$80.79M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$8.245M	$6.115M	$5.482M	$6.020M	$6.421M	$6.353M	$5.614M	$5.076M	$3.773M	$3.268M	$2.776M	$2.827M	$2.830M
YoY Change	34.83%	11.55%	-8.94%	-6.25%	1.07%	13.16%	10.6%	34.53%	15.45%	17.72%	-1.8%	-0.11%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Interest Expense	$200.7M	$14.33M	$8.219M	$24.29M	$46.21M	$29.88M	$15.30M	$8.467M	$6.930M	$5.355M	$5.557M	$8.478M	$13.95M
YoY Change	1300.61%	74.38%	-66.17%	-47.43%	54.62%	95.31%	80.7%	22.18%	29.41%	-3.64%	-34.45%	-39.24%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984
Pretax Income	$134.3M	$138.1M	$158.7M	$100.6M	$128.6M	$87.53M	$79.20M	$44.09M	$35.67M	$10.24M	$11.60M	-$710.0K	$6.667M	-$33.20M	-$158.5M	-$67.70M	$14.20M	$36.80M	$32.40M	$23.00M	$21.40M	$25.00M	$23.50M	$19.80M	$18.90M	$15.20M	$11.70M	$13.80M	$12.00M	$9.300M	$10.40M	$9.200M	$4.600M	$5.200M	$6.600M	$6.400M	$5.800M	$3.500M	$3.000M	$3.300M
YoY Change	-2.81%	-12.98%	57.82%	-21.79%	46.93%	10.52%	79.63%	23.62%	248.32%	-11.75%	-1734.37%	-110.65%	-120.08%	-79.05%	134.12%	-576.76%	-61.41%	13.58%	40.87%	7.48%	-14.4%	6.38%	18.69%	4.76%	24.34%	29.91%	-15.22%	15.0%	29.03%	-10.58%	13.04%	100.0%	-11.54%	-21.21%	3.13%	10.34%	65.71%	16.67%	-9.09%	0.0%
Income Tax	$30.22M	$31.63M	$34.34M	$22.82M	$29.87M	$20.26M	$36.34M	$14.89M	$13.53M	$4.544M	-$40.39M	$0.00	$0.00	$0.00	-$11.80M	-$22.10M	$4.400M	$13.00M	$11.70M	$8.100M	$7.400M	$9.700M	$9.300M	$7.700M	$7.100M	$5.600M	$4.300M	$4.900M	$4.200M	$3.100M	$3.500M	$3.000M	$1.300M	$1.600M	$2.100M	$1.900M	$1.800M	$400.0K	$300.0K	$700.0K
% Of Pretax Income	22.51%	22.9%	21.63%	22.69%	23.23%	23.14%	45.88%	33.77%	37.92%	44.38%	-348.03%		0.0%				30.99%	35.33%	36.11%	35.22%	34.58%	38.8%	39.57%	38.89%	37.57%	36.84%	36.75%	35.51%	35.0%	33.33%	33.65%	32.61%	28.26%	30.77%	31.82%	29.69%	31.03%	11.43%	10.0%	21.21%
Net Earnings	$104.0M	$106.5M	$124.4M	$77.76M	$98.74M	$67.28M	$42.87M	$29.20M	$22.14M	$5.696M	$51.99M	-$710.0K	$6.667M	-$33.20M	-$146.7M	-$45.60M	$9.800M	$23.90M	$20.80M	$14.90M	$14.00M	$15.30M	$14.10M	$12.10M	$11.80M	$9.600M	$7.400M	$8.800M	$7.800M	$6.200M	$7.100M	$6.100M	$3.300M	$3.600M	$4.500M	$4.500M	$4.000M	$3.100M	$2.700M	$2.600M
YoY Change	-2.32%	-14.39%	59.98%	-21.24%	46.77%	56.95%	46.79%	31.89%	288.71%	-89.04%	-7422.39%	-110.65%	-120.08%	-77.37%	221.71%	-565.31%	-59.0%	14.9%	39.6%	6.43%	-8.5%	8.51%	16.53%	2.54%	22.92%	29.73%	-15.91%	12.82%	25.81%	-12.68%	16.39%	84.85%	-8.33%	-20.0%	0.0%	12.5%	29.03%	14.81%	3.85%	8.33%
Net Earnings / Revenue	15.1%	27.99%	43.77%	27.09%	34.07%	27.87%	22.37%	19.72%	19.02%	7.1%	73.47%	-0.97%	8.25%
Basic Earnings Per Share	$1.24	$1.67	$2.20	$1.45	$1.92	$1.40	$1.01	$0.79	$0.66	$0.21	$2.46	-$0.24	$0.16
Diluted Earnings Per Share	$1.23	$1.657M	$2.18	$1.44	$1.90	$1.38	$0.99	$0.78	$0.66	$0.21	$2.44	-$0.24	$0.16	-$2.170M	-$23.29M	-$12.00M	$2.579M	$6.459M	$6.303M	$4.806M	$4.516M	$4.935M	$4.406M	$3.781M	$3.688M	$2.824M	$2.114M	$2.588M	$2.294M	$2.214M	$2.536M	$2.179M	$1.435M	$1.565M	$1.957M	$1.957M	$1.739M	$1.348M	$1.174M	$1.182M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$113.3M	$116.9M	$107.7M	$100.7M	$92.80M	$71.00M	$66.90M	$58.70M	$54.60M	$45.10M	$34.50M	$34.50M	$34.20M	$36.00M	$38.90M	$44.10M	$40.90M	$37.10M	$22.20M	$19.00M	$16.80M	$16.00M	$15.40M	$16.60M	$16.60M	$17.80M	$18.30M	$17.20M	$16.10M	$15.80M	$16.60M	$17.10M	$15.90M	$15.60M	$14.60M	$10.50M	$8.500M	$8.100M	$6.800M	$5.800M
YoY Change	-3.07%	8.53%	6.95%	8.51%	30.7%	6.13%	13.97%	7.51%	21.06%	30.72%	0.0%	0.88%	-5.0%	-7.46%	-11.79%	7.82%	10.24%	67.12%	16.84%	13.1%	5.0%	3.9%	-7.23%	0.0%	-6.74%	-2.73%	6.4%	6.83%	1.9%	-4.82%	-2.92%	7.55%	1.92%	6.85%	39.05%	23.53%	4.94%	19.12%	17.24%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$113.2M	$94.46M	$27.30M	$23.60M	$16.50M	$29.00M	$25.40M	$60.80M	$60.30M
YoY Change	19.88%	246.0%	15.68%	43.03%	-43.1%	14.17%	-58.22%	0.83%
Total Long-Term Assets
YoY Change
Total Assets	$14.58B	$12.15B	$9.681B	$8.342B	$7.109B	$6.748B	$5.810B	$4.681B	$3.535B	$3.093B	$2.269B	$2.174B	$2.137B	$2.016B	$2.151B	$2.314B	$2.420B	$2.389B	$2.132B	$1.616B	$1.354B	$1.281B	$1.226B	$1.151B	$1.081B	$1.092B	$943.0M	$938.5M	$771.3M	$662.7M	$639.4M	$613.6M	$610.2M	$526.2M	$512.5M	$487.0M	$408.3M	$385.4M	$312.1M	$276.7M
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$50.55M	$50.77M	$38.30M	$29.00M	$30.10M
YoY Change	-0.44%	32.56%	32.07%	-3.65%
Deferred Revenue
YoY Change
Short-Term Debt	$374.6M	$172.0M	$121.6M	$119.6M	$86.10M	$214.3M	$216.1M	$204.2M	$172.0M	$233.6M	$151.3M	$136.8M	$136.3M	$98.20M	$105.7M	$157.5M	$88.10M	$206.5M	$96.80M	$86.90M	$74.20M	$103.0M	$71.70M	$65.00M	$67.00M	$77.80M	$52.10M	$45.10M	$43.90M	$44.60M	$40.50M	$8.400M	$1.600M	$18.50M	$15.00M	$600.0K	$1.100M	$1.700M	$1.100M	$16.70M
YoY Change	117.74%	41.47%	1.67%	38.91%	-59.82%	-0.83%	5.83%	18.72%	-26.37%	54.4%	10.6%	0.37%	38.8%	-7.1%	-32.89%	78.77%	-57.34%	113.33%	11.39%	17.12%	-27.96%	43.65%	10.31%	-2.99%	-13.88%	49.33%	15.52%	2.73%	-1.57%	10.12%	382.14%	425.0%	-91.35%	23.33%	2400.0%	-45.45%	-35.29%	54.55%	-93.41%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$374.6M	$50.77M	$38.30M	$29.00M	$30.10M	$214.3M	$216.1M	$204.2M	$172.0M	$233.6M	$151.3M	$136.8M	$136.3M	$98.20M	$105.7M	$157.5M	$88.10M	$206.5M	$96.80M	$86.90M	$74.20M	$103.0M	$71.70M	$65.00M	$67.00M	$77.80M	$52.10M	$45.10M	$43.90M	$44.60M	$40.50M	$8.400M	$1.600M	$18.50M	$15.00M	$600.0K	$1.100M	$1.700M	$1.100M	$16.70M
YoY Change	637.78%	32.56%	32.07%	-3.65%	-85.95%	-0.83%	5.83%	18.72%	-26.37%	54.4%	10.6%	0.37%	38.8%	-7.1%	-32.89%	78.77%	-57.34%	113.33%	11.39%	17.12%	-27.96%	43.65%	10.31%	-2.99%	-13.88%	49.33%	15.52%	2.73%	-1.57%	10.12%	382.14%	425.0%	-91.35%	23.33%	2400.0%	-45.45%	-35.29%	54.55%	-93.41%
Long-Term Debt	$106.3M	$84.53M	$71.60M	$71.40M	$71.10M	$70.80M	$70.50M	$70.20M	$70.00M	$64.60M	$53.60M	$53.60M	$53.60M	$53.60M	$53.60M	$53.60M	$53.60M	$41.20M	$41.20M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	25.75%	18.06%	0.28%	0.42%	0.42%	0.43%	0.43%	0.29%	8.36%	20.52%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	30.1%	0.0%
Other Long-Term Liabilities	$164.4M	$149.8M	$71.60M	$59.50M	$35.80M	$41.00M	$30.10M	$32.80M	$45.00M	$15.90M	$9.400M	$9.000M	$8.700M	$11.00M	$10.70M	$11.60M	$11.40M	$11.80M	$11.70M	$8.400M	$5.900M	$7.000M	$5.600M	$5.000M	$6.000M	$5.900M	$3.800M	$4.900M	$4.300M	$2.900M	$5.100M	$4.100M	$2.800M	$2.000M	$1.900M	$2.300M	$2.500M	$2.000M	$1.500M	$2.100M
YoY Change	9.69%	109.26%	20.34%	66.2%	-12.68%	36.21%	-8.23%	-27.11%	183.02%	69.15%	4.44%	3.45%	-20.91%	2.8%	-7.76%	1.75%	-3.39%	0.85%	39.29%	42.37%	-15.71%	25.0%	12.0%	-16.67%	1.69%	55.26%	-22.45%	13.95%	48.28%	-43.14%	24.39%	46.43%	40.0%	5.26%	-17.39%	-8.0%	25.0%	33.33%	-28.57%
Total Long-Term Liabilities	$270.7M	$234.4M	$143.2M	$130.9M	$106.9M	$111.8M	$100.6M	$103.0M	$115.0M	$80.50M	$63.00M	$62.60M	$62.30M	$64.60M	$64.30M	$65.20M	$65.00M	$53.00M	$52.90M	$8.400M	$5.900M	$7.000M	$5.600M	$5.000M	$6.000M	$5.900M	$3.800M	$4.900M	$4.300M	$2.900M	$5.100M	$4.100M	$2.800M	$2.000M	$1.900M	$2.300M	$2.500M	$2.000M	$1.500M	$2.100M
YoY Change	15.49%	63.66%	9.4%	22.45%	-4.38%	11.13%	-2.33%	-10.43%	42.86%	27.78%	0.64%	0.48%	-3.56%	0.47%	-1.38%	0.31%	22.64%	0.19%	529.76%	42.37%	-15.71%	25.0%	12.0%	-16.67%	1.69%	55.26%	-22.45%	13.95%	48.28%	-43.14%	24.39%	46.43%	40.0%	5.26%	-17.39%	-8.0%	25.0%	33.33%	-28.57%
Total Liabilities	$12.47B	$10.54B	$8.371B	$7.212B	$6.123B	$5.883B	$5.121B	$4.246B	$3.181B	$2.781B	$2.070B	$2.008B	$1.967B	$1.850B	$1.999B	$2.098B	$2.206B	$2.177B	$1.980B	$1.508B	$1.250B	$1.181B	$1.132B	$1.067B	$1.004B	$1.014B	$862.0M	$861.5M	$709.1M	$607.1M	$579.1M	$563.9M	$565.1M	$489.3M	$477.8M	$455.6M	$380.1M	$359.6M	$289.0M	$255.6M
YoY Change	18.35%	25.89%	16.07%	17.79%	4.07%	14.9%	20.61%	33.45%	14.41%	34.31%	3.08%	2.09%	6.33%	-7.47%	-4.72%	-4.86%	1.31%	9.98%	31.29%	20.64%	5.85%	4.26%	6.12%	6.3%	-0.98%	17.61%	0.06%	21.49%	16.8%	4.84%	2.7%	-0.21%	15.49%	2.41%	4.87%	19.86%	5.7%	24.43%	13.07%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Basic Shares Outstanding	83.80M shares	63.71M shares	56.59M shares	53.50M shares	51.45M shares	47.97M shares	42.61M shares	36.87M shares	33.50M shares	27.54M shares	19.45M shares	18.75M shares	18.70M shares
Diluted Shares Outstanding	84.33M shares	64.26M shares	57.09M shares	53.93M shares	52.03M shares	48.75M shares	43.35M shares	37.51M shares	33.74M shares	27.72M shares	19.65M shares	18.75M shares	18.76M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $2.547 Billion

About Seacoast Banking Corporation of Florida

Seacoast Banking Corp. of Florida is a financial holding company, which engages in the provision of integrated financial services. The company is headquartered in Stuart, Florida and currently employs 1,541 full-time employees. The firm's principal subsidiary is Seacoast National Bank (Seacoast Bank), a wholly owned national banking association. The company provides integrated financial services, including commercial and consumer banking, wealth management and mortgage services to customers through online and mobile banking solutions and Seacoast Bank's network consists of over 75 traditional branches and commercial banking centers. Its loans held for investment are categorized as construction and land development, commercial real estate-owner-occupied, commercial real estate-non-owner-occupied, residential real estate, commercial and financial, and consumer and paycheck protection program. Its offices stretch from the southeast, including Fort Lauderdale, Boca Raton and Palm Beach, north along the east coast to the Daytona area, into Orlando and Central Florida and the adjacent Tampa market, and west to Okeechobee and surrounding counties.

Industry: State Commercial Banks Peers: FB Financial Corp Heartland Financial USA Inc Lakeland Financial Corp Renasant Corp PNC Financial Services Group Inc Stock Yards Bancorp Inc Trustmark Corp WaFd Inc