Seacoast Banking Corporation of Florida (SBCF) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments404125116110110136101
Cash and cash equivalents404125116110110136101
Disposal group, including discontinued operation      12
Total current assets:404125116110110136113
Noncurrent Assets
Operating lease, right-of-use asset2626
Property, plant and equipment75677167595545
Long-term investments and receivables     (0) 
Accounts and financing receivable, after allowance for credit loss     (0) 
Intangible assets, net (including goodwill)238225231167793433
Goodwill221205205148652525
Intangible assets, net (excluding goodwill)172026191597
Deferred costs 20     
Deferred income tax assets2416
Other noncurrent assets1621421281108444106
Total noncurrent assets:524496430344221132183
Other undisclosed assets7,4146,4886,2025,3574,3503,2672,797
TOTAL ASSETS:8,3427,1096,7485,8104,6813,5353,093
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt12086214216   
Total current liabilities:12086214216   
Noncurrent Liabilities
Liabilities, other than long-term debt88664130334516
Other liabilities88664130334516
Total noncurrent liabilities:88664130334516
Other undisclosed liabilities7,0045,9715,6284,8744,2133,1362,765
Total liabilities:7,2126,1235,8835,1204,2463,1812,781
Stockholders' equity
Stockholders' equity attributable to parent1,130986864690435353313
Common stock6555433
Treasury stock, value(8)(6)(3)(2)(1)(0)(0)
Additional paid in capital856786779662454399379
Accumulated other comprehensive income (loss)204(13)(4)(8)(6)(5)
Retained earnings (accumulated deficit)2571969730(14)(43)(65)
Total stockholders' equity:1,130986864690435353313
TOTAL LIABILITIES AND EQUITY:8,3427,1096,7485,8104,6813,5353,093

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues28528826220414611596
Net investment income28528623918914611579
Financial services revenue2215  15
Cost of revenue(38)(11)(12)(6)(2)(3) 
Provision for loan, lease, and other losses(38)(11) 
Financial services costs(12)(6)(2)(3) 
Gross profit:24727725019914411396
Operating expenses(160)(138)(136)   (84)
Operating income:8713911519914411312
Nonoperating income5540010
Investment income, nonoperating11(1)0010
Losses on sales of other real estate      (0)
Bank owned life insurance income444   0
Interest and debt expense(24)(46)(30)(15)(8)(7)(5)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes3331(1)(104)(92)(71)3
Income from continuing operations before income taxes:1011298879443610
Income tax expense(23)(30)(20)(36)(15)(14)(5)
Net income available to common stockholders, diluted:7899674329226

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:7899674329226
Other comprehensive income (loss) (6)3(2)113
Comprehensive income:7893714030239
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1623(12)6(2)(2)2
Comprehensive income, net of tax, attributable to parent:941165847282111

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: