Seacoast Banking Corporation of Florida (SBCF) financial statements (2022 and earlier)

Company profile

Business Address 815 COLORADO AVE
STUART, FL 34994
State of Incorp. FL
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7381,2281,449979404310524
Cash and cash equivalents7381,2281,449979404310524
Total current assets:7381,2281,449979404310524
Noncurrent Assets
Operating lease, right-of-use asset35   26  
Property, plant and equipment72716970757669
Intangible assets, net (including goodwill)267268235237238239230
Goodwill252252221221221221212
Intangible assets, net (excluding goodwill)15161415171818
Deferred income tax assets27242224242621
Other noncurrent assets 154154153162157154
Total noncurrent assets:402517481484524498475
Other undisclosed assets8,5428,1487,3877,3487,4147,4807,085
TOTAL ASSETS:9,6819,8939,3178,8128,3428,2888,084
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt1221061201091209092
Total current liabilities:1221061201091209092
Noncurrent Liabilities
Liabilities, other than long-term debt 9210790887988
Other liabilities 9210790887988
Total noncurrent liabilities: 9210790887988
Other undisclosed liabilities8,2498,4067,9087,4577,0047,0216,873
Total liabilities:8,3718,6038,1347,6567,2127,1897,053
Stockholders' equity
Stockholders' equity attributable to parent, including:1,3111,2911,1821,1551,1301,0981,031
Common stock6666665
Treasury stock, value(11)   (8)  
Additional paid in capital964   856  
Accumulated other comprehensive income (loss)(7)   20  
Retained earnings359   257  
Other undisclosed stockholders' equity attributable to parent 1,2851,1771,150 1,0931,025
Total stockholders' equity:1,3111,2911,1821,1551,1301,0981,031
TOTAL LIABILITIES AND EQUITY:9,6819,8939,3178,8128,3428,2888,084

Income statement (P&L) ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues
(Net Investment Income)
94646062966065
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
 (5)  (2) (8)
Gross profit:94596062946057
Operating expenses(44)(49)(40)(40)(37)(44)(37)
Other undisclosed operating income11      
Operating income:61102022571721
Nonoperating income1111112
Investment income, nonoperating(0)(0)(0)(0)(0)01
Bank owned life insurance income1111111
Interest and debt expense(2)(2)(2)(3)(4)(5)(6)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes45 2124(16)1715
Income from continuing operations before equity method investments, income taxes:105104044383032
Other undisclosed income (loss) from continuing operations before income taxes(60)20     
Income from continuing operations before income taxes:45304044383032
Income tax expense(8)(7)(9)(10)(9)(7)(7)
Net income available to common stockholders, diluted:36233134292325

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income:36233134292325
Other comprehensive loss     (0)(4)
Other undisclosed comprehensive income    4  
Comprehensive income:36233134342221
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(12)(5)0(11)(3)216
Comprehensive income, net of tax, attributable to parent:24183223302538

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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