Seacoast Banking Corporation of Florida (FRA:SBG1)

FRA:SBG1 Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	610.69	597.37	581.11	315.72	251.47	254.37
Interest Income on Investments	136.95	128.19	107.87	64.78	32.77	32.67
Total Interest Income	747.65	725.56	688.98	380.49	284.24	287.04
Interest Paid on Deposits	249.44	268.99	178.79	9.96	6.39	20.29
Interest Paid on Borrowings	30.36	24.6	21.95	4.37	1.83	4.01
Total Interest Expense	279.8	293.59	200.74	14.33	8.22	24.29
Net Interest Income	467.85	431.97	488.24	366.16	276.03	262.74
Net Interest Income Growth (YoY)	6.42%	-11.53%	33.34%	32.66%	5.05%	7.85%
Trust Income	16.31	15.17	12.78	11.05	9.63	7.51
Mortgage Banking Activities	1.9	1.77	1.79	3.48	11.78	14.7
Gain (Loss) on Sale of Investments	-7.97	-8.02	-2.89	-1.1	-0.58	1.24
Other Non-Interest Income	55.94	53.65	47.08	38.95	40.12	28.7
Total Non-Interest Income	87.45	83.43	77.04	66.09	70.73	61.57
Non-Interest Income Growth (YoY)	12.38%	8.30%	16.56%	-6.55%	14.87%	10.39%
Revenues Before Loan Losses	555.3	515.4	565.28	432.25	346.75	324.31
Provision for Loan Losses	23.6	16.26	37.52	26.18	-9.42	38.18
Revenue	531.7	499.14	527.76	406.07	356.17	286.13
Revenue Growth (YoY)	5.40%	-5.42%	29.97%	14.01%	24.48%	-0.78%
Salaries and Employee Benefits	186.49	176.83	188.32	137.97	106.47	96.78
Federal Deposit Insurance	8.46	8.45	8.63	3.14	2.41	1.27
Amortization of Goodwill & Intangibles	22.03	23.88	28.73	9.1	5.03	5.86
Selling, General & Administrative	105.45	108.38	108.87	94.41	67.32	63.37
Other Non-Interest Expense	26	25.32	30.39	24.85	16.47	16.02
Total Non-Interest Expense	349.25	343.3	365.92	267.93	197.44	185.55
EBT Excluding Unusual Items	182.45	155.84	161.84	138.14	158.74	100.58
Pretax Income	178.98	155.84	134.25	138.14	158.74	100.58
Income Tax Expense	40.09	34.85	30.22	31.63	34.34	22.82
Net Income	138.89	120.99	104.03	106.51	124.4	77.76
Net Income to Common	138.89	120.99	104.03	106.51	124.4	77.76
Net Income Growth	18.50%	16.30%	-2.32%	-14.39%	59.98%	-21.24%
Basic Shares Outstanding	85	84	84	64	57	54
Diluted Shares Outstanding	85	85	84	64	57	54
Shares Change (YoY)	0.17%	0.84%	31.22%	12.57%	5.86%	3.65%
EPS (Basic)	1.64	1.43	1.24	1.67	2.20	1.45
EPS (Diluted)	1.63	1.42	1.23	1.66	2.18	1.44
EPS Growth	18.31%	15.45%	-25.90%	-23.85%	51.39%	-24.21%
Dividend Per Share	0.720	0.720	0.710	0.640	0.390	-
Dividend Growth	-	1.41%	10.94%	64.10%	-	-
Effective Tax Rate	22.40%	22.36%	22.51%	22.90%	21.63%	22.69%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.