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
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments738404125116110110136
Cash and cash equivalents738404125116110110136
Total current assets:738404125116110110136
Noncurrent Assets
Operating lease, right-of-use asset352626
Property, plant and equipment72756771675955
Long-term investments and receivables      (0)
Accounts and financing receivable, after allowance for credit loss      (0)
Intangible assets, net (including goodwill)2672382252311677934
Goodwill2522212052051486525
Intangible assets, net (excluding goodwill)1517202619159
Deferred costs  20    
Deferred income tax assets272416
Other noncurrent assets 1621421281108444
Total noncurrent assets:402524496430344221132
Other undisclosed assets8,5427,4146,4886,2025,3574,3503,267
TOTAL ASSETS:9,6818,3427,1096,7485,8104,6813,535
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt12212086214216  
Total current liabilities:12212086214216  
Noncurrent Liabilities
Liabilities, other than long-term debt 886641303345
Other liabilities 886641303345
Total noncurrent liabilities: 886641303345
Other undisclosed liabilities8,2497,0045,9715,6284,8744,2133,136
Total liabilities:8,3717,2126,1235,8835,1204,2463,181
Stockholders' equity
Stockholders' equity attributable to parent1,3111,130986864690435353
Common stock6655543
Treasury stock, value(11)(8)(6)(3)(2)(1)(0)
Additional paid in capital964856786779662454399
Accumulated other comprehensive income (loss)(7)204(13)(4)(8)(6)
Retained earnings (accumulated deficit)3592571969730(14)(43)
Total stockholders' equity:1,3111,130986864690435353
TOTAL LIABILITIES AND EQUITY:9,6818,3427,1096,7485,8104,6813,535

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues281285288262204146115
Net investment income281285286239189146115
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:281247277250199144113
Operating expenses(173)(160)(138)(136)   
Other operating income, net
(Noninterest Income, Other Operating Income)
11      
Operating income:11987139115199144113
Nonoperating income4554001
Investment income, nonoperating(1)11(1)001
Bank owned life insurance income4444   
Interest and debt expense(8)(24)(46)(30)(15)(8)(7)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes453331(1)(104)(92)(71)
Income from continuing operations before income taxes:15910112988794436
Income tax expense(34)(23)(30)(20)(36)(15)(14)
Net income available to common stockholders, diluted:124789967432922

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:124789967432922
Other comprehensive income (loss)  (6)3(2)11
Comprehensive income:124789371403023
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(27)1623(12)6(2)(2)
Comprehensive income, net of tax, attributable to parent:979411658472821

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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