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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments125116110110136101192
Cash and cash equivalents125116110110136101192
Disposal group, including discontinued operation     12 
Total current assets:125116110110136113192
Noncurrent Assets
Operating lease, right-of-use asset26
Property, plant and equipment67716759554535
Long-term investments and receivables    (0)  
Accounts and financing receivable, after allowance for credit loss    (0)  
Intangible assets, net (including goodwill)2252311677934331
Goodwill205205148652525 
Intangible assets, net (excluding goodwill)20261915971
Deferred costs20      
Deferred income tax assets16
Other noncurrent assets142128110844410696
Total noncurrent assets:496430344221132183131
Other undisclosed assets6,4886,2025,3574,3503,2672,7971,946
TOTAL ASSETS:7,1096,7485,8104,6813,5353,0932,269
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt86214216    
Total current liabilities:86214216    
Noncurrent Liabilities
Liabilities, other than long-term debt6641303345169
Other liabilities6641303345169
Total noncurrent liabilities:6641303345169
Other undisclosed liabilities5,9715,6284,8744,2133,1362,7652,061
Total liabilities:6,1235,8835,1204,2463,1812,7812,070
Stockholders' equity
Stockholders' equity attributable to parent986864690435353313199
Common stock5554332
Treasury stock, value(6)(3)(2)(1)(0)(0)(0)
Additional paid in capital786779662454399379277
Accumulated other comprehensive income (loss)4(13)(4)(8)(6)(5)(10)
Retained earnings (accumulated deficit)1969730(14)(43)(65)(71)
Total stockholders' equity:986864690435353313199
TOTAL LIABILITIES AND EQUITY:7,1096,7485,8104,6813,5353,0932,269

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues28826220414611596 
Net investment income28623918914611579 
Financial services revenue2215  15(24)
Cost of revenue(11)(12)(6)(2)(3)  
Provision for loan, lease, and other losses(11) 
Financial services costs(12)(6)(2)(3)  
Gross profit:27725019914411396 
Operating expenses(138)(136)   (84)(4)
Operating income (loss):13911519914411312(27)
Nonoperating income (expense)540010(1)
Investment income, nonoperating1(1)0010 
Losses on sales of other real estate     (0)(1)
Bank owned life insurance income44   0 
Interest and debt expense(46)(30)(15)(8)(7)(5)(6)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes31(1)(104)(92)(71)345
Income from continuing operations before income taxes:129887944361012
Income tax expense (benefit)(30)(20)(36)(15)(14)(5)40
Net income attributable to parent:9967432922652
Preferred stock dividends and other adjustments      (4)
Net income available to common stockholders, diluted:9967432922648

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:9967432922652
Other comprehensive income (loss)(6)3(2)113 
Comprehensive income:9371403023952
Other undisclosed comprehensive income (loss), net of tax, attributable to parent23(12)6(2)(2)2(13)
Comprehensive income, net of tax, attributable to parent:116584728211139

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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