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Seacoast Banking Corporation of Florida operates as the bank holding company for Seacoast National Bank that provides integrated financial services to retail and commercial customers in Florida. The company offers noninterest and interest-bearing demand deposits, money market, savings, and customer sweep accounts; time deposits; construction and land development, commercial and residential real estate, and commercial and financial loans; and consumer loans, including installment and revolving lines, as well as loans for automobiles, boats, and personal and family purposes. It also provides wealth management, mortgage, and insurance services through mobile and online banking solutions, as well as brokerage and annuity services. The company was founded in 1926 and is headquartered in Stuart, Florida.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $653M | - | $145M | $179M | 5.3% | 26.6% | 19.7% |
| 2024 | $515M | - | $121M | $176M | 5.5% | -9.2% | 16.3% |
| 2023 | $567M | - | $104M | $140M | 4.9% | 31.3% | -2.3% |
| 2022 | $432M | - | $107M | $183M | 6.6% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 432.25 | 567.39 | 515.40 | 652.63 |
| Pretax Income | - | 138.14 | 134.25 | 155.84 | 186.51 |
| Tax Provision | - | 31.63 | 30.22 | 34.85 | 41.63 |
| Net Income | - | 106.51 | 104.03 | 120.99 | 144.88 |
| Net Income Common Stockholders | - | 106.51 | 104.03 | 120.99 | 142.74 |
| Interest Expense | - | 14.33 | 200.74 | 293.59 | 282.90 |
| Interest Income | - | 380.49 | 688.98 | 725.56 | 836.37 |
| Selling General And Administration | - | 158.55 | 219.53 | 209.79 | 240.74 |
| Normalized Income | - | 106.51 | 129.74 | 120.99 | 170.07 |
| Market Cap | 3,061.21 | 3,061.21 | 3,061.21 | 3,061.21 | 3,061.21 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Seacoast Banking Corporation of Floridathis co. | SBCF | $2.8B | 21.13↑ premium | 1.13 | 5.3% | - |
| WaFd, Inc. | WAFD | $3.0B | 11.81 | 0.97 | 8.3% | - |
| CorVel Corporation | CRVL | $2.9B | 30.87 | 9.12 | 29.6% | 18.59 |
| First Financial Bancorp. | FFBC | $2.9B | 12.55 | 1.16 | 9.2% | - |
| The Western Union Company | WU |
| 2021 | - | - | - | - | - | - | - |
| $2.9B |
| 5.58 |
| 2.91 |
| 52.2% |
| 4.56 |
| SiriusPoint Ltd. | SPNT | $2.9B | 6.05 | 1.22 | 20.2% | - |
| Merchants Bancorp | MBIN | $2.8B | 10.29 | 1.30 | 12.6% | - |
| Artisan Partners Asset Management Inc. | APAM | $2.7B | 9.24 | 6.11 | 66.2% | 5.40 |
| The Bancorp, Inc. | TBBK | $2.6B | 10.71 | 3.54 | 33.1% | - |
| Peer Median | - | 10.50 | 2.11 | 24.9% | 5.40 | |