Seacoast Banking Corporation of Florida (SBCF)

SBCF Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	593.17	581.11	315.72	251.47	254.37	250.54
Interest Income on Investments	123.32	107.87	64.78	32.77	32.67	39.29
Total Interest Income	716.48	688.98	380.49	284.24	287.04	289.82
Interest Paid on Deposits	265.55	178.79	9.96	6.39	20.29	38.4
Interest Paid on Borrowings	23.94	21.95	4.37	1.83	4.01	7.81
Total Interest Expense	289.5	200.74	14.33	8.22	24.29	46.21
Net Interest Income	426.99	488.24	366.16	276.03	262.74	243.62
Net Interest Income Growth (YoY)	-14.11%	33.34%	32.66%	5.06%	7.85%	15.18%
Trust Income	14.41	12.78	11.05	9.63	7.51	6.35
Mortgage Banking Activities	1.83	1.79	3.48	11.78	14.7	6.49
Gain (Loss) on Sale of Investments	-2.07	-2.89	-1.1	-0.58	1.24	1.22
Other Non-Interest Income	48.99	47.08	38.95	40.12	28.7	30.19
Total Non-Interest Income	83.7	77.04	66.09	70.73	61.57	55.78
Non-Interest Income Growth (YoY)	8.21%	16.56%	-6.55%	14.87%	10.39%	12.13%
Revenues Before Loan Losses	510.68	565.28	432.25	346.75	324.31	299.39
Provision for Loan Losses	16.55	37.52	26.18	-9.42	38.18	11
Revenue	494.14	527.76	406.07	356.17	286.13	288.4
Revenue Growth (YoY)	-6.20%	29.97%	14.01%	24.48%	-0.78%	15.58%
Salaries and Employee Benefits	159.77	180.52	128.77	106.47	96.78	80.28
Federal Deposit Insurance	8.98	8.63	3.14	2.41	1.27	0.88
Amortization of Goodwill & Intangibles	25.19	28.73	9.1	5.03	5.86	5.83
Selling, General & Administrative	86.08	108.87	80.71	67.32	63.37	58.52
Other Non-Interest Expense	25.64	30.39	24.85	16.47	16.02	15.18
Total Non-Interest Expense	306.59	358.12	245.03	197.44	185.55	160.74
EBT Excluding Unusual Items	187.54	169.64	161.04	158.74	100.58	127.66
Pretax Income	150.04	134.25	138.14	158.74	100.58	128.61
Income Tax Expense	33.6	30.22	31.63	34.34	22.82	29.87
Net Income	116.44	104.03	106.51	124.4	77.76	98.74
Net Income to Common	116.44	104.03	106.51	124.4	77.76	98.74
Net Income Growth	18.32%	-2.32%	-14.39%	59.98%	-21.24%	46.77%
Basic Shares Outstanding	84	84	64	57	54	51
Diluted Shares Outstanding	85	84	64	57	54	52
Shares Change (YoY)	5.15%	31.22%	12.57%	5.86%	3.65%	6.73%
EPS (Basic)	1.38	1.24	1.67	2.20	1.45	1.92
EPS (Diluted)	1.36	1.23	1.66	2.18	1.44	1.90
EPS Growth	10.93%	-25.90%	-23.85%	51.39%	-24.21%	37.68%
Dividend Per Share	0.720	0.710	0.640	0.390	-	-
Dividend Growth	2.86%	10.94%	64.10%	-	-	-
Effective Tax Rate	22.39%	22.51%	22.90%	21.63%	22.69%	23.23%

Source: S&P Capital IQ. Banks template. Financial Sources.