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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 |
| Operating Revenue | - | 432.25 | 567.39 | 515.40 | 652.63 |
| Selling General And Administration | - | 158.55 | 219.53 | 209.79 | 240.74 |
| Interest Income | - | 380.49 | 688.98 | 725.56 | 836.37 |
| Interest Expense | - | 14.33 | 200.74 | 293.59 | 282.90 |
| Net Interest Income | - | 366.16 | 488.24 | 431.97 | 553.48 |
| Pretax Income | - | 138.14 | 134.25 | 155.84 | 186.51 |
| Tax Provision | - | 31.63 | 30.22 | 34.85 | 41.63 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | -7.47 | 0 | -7.23 |
| Net Income Continuous Operations | - | 106.51 | 104.03 | 120.99 | 144.88 |
| Net Income From Continuing And Discontinued Operation | - | 106.51 | 104.03 | 120.99 | 144.88 |
| Net Income From Continuing Operation Net Minority Interest | - | 106.51 | 104.03 | 120.99 | 144.88 |
| Net Income | - | 106.51 | 104.03 | 120.99 | 144.88 |
| Net Income Common Stockholders | - | 106.51 | 104.03 | 120.99 | 142.74 |
| Net Income Including Noncontrolling Interests | - | 106.51 | 104.03 | 120.99 | 144.88 |
| Normalized Income | - | 106.51 | 129.74 | 120.99 | 170.07 |
| Diluted NI Availto Com Stockholders | - | 106.51 | 104.03 | 120.99 | 142.74 |
| Basic Average Shares | - | 63.71 | 83.80 | 84.37 | 88.28 |
| Diluted Average Shares | - | 64.26 | 84.33 | 85.04 | 89.11 |
| Reconciled Depreciation | - | 10.63 | 0.42 | 19.21 | 39.75 |
| Total Unusual Items | - | - | -33.18 | 0 | -32.42 |
| Total Unusual Items Excluding Goodwill | - | - | -33.18 | 0 | -32.42 |
| Preferred Stock Dividends | - | - | - | - | 2.14 |
| Special Income Charges | - | - | -33.18 | 0 | -32.42 |
| Restructuring And Mergern Acquisition | - | - | 33.18 | 0 | 32.42 |
| Gain On Sale Of Security | - | -1.10 | -2.89 | -8.02 | -0.52 |
| Depreciation Amortization Depletion Income Statement | - | 9.10 | 28.73 | 23.88 | 26.82 |
| Depreciation And Amortization In Income Statement | - | 9.10 | 28.73 | 23.88 | 26.82 |
| General And Administrative Expense | - | 152.26 | 210.37 | 199.01 | 229.37 |
| Other Gand A | 23.14 | - | - | - | - |
| Salaries And Wages | - | 149.13 | 201.74 | 190.57 | 219.78 |
| Insurance And Claims | - | 3.14 | 8.63 | 8.44 | 9.59 |
| Selling And Marketing Expense | - | 6.29 | 9.16 | 10.78 | 11.36 |
| Amortization | - | 9.10 | 28.73 | 23.88 | 26.82 |
| Amortization Of Intangibles Income Statement | - | 9.10 | 28.73 | 23.88 | 26.82 |
| Occupancy And Equipment | - | 28.76 | 40.56 | 37.58 | 41.21 |
| Professional Expense And Contract Services Expense | - | 20.70 | 11.06 | 9.65 | 8.59 |
| Other Non Interest Expense | - | 49.67 | 61.32 | 61.40 | 63.82 |
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 | $2.9B | 20.25↑ premium | 1.08 | 5.3% | - |
| Park National Corporation | PRK | $3.1B | 17.38 | 2.31 | 13.3% | - |
| Simmons First National Corporation | SFNC | $3.1B | -7.86 | 0.91 | -11.6% | - |
| Bank of Hawaii Corporation | BOH | $3.0B | 14.70 | 2.01 | 13.7% | - |
| CorVel Corporation |
| 2021 | - | - | - | - | - | - | - |
| CRVL |
| $3.0B |
| 27.21 |
| 7.61 |
| 28.0% |
| 15.99 |
| Banc of California, Inc. | BANC | $3.0B | 13.02 | 0.98 | 7.5% | - |
| Provident Financial Services, Inc. | PFS | $2.9B | 10.00 | 1.03 | 10.3% | - |
| WisdomTree, Inc. | WT | $2.9B | 26.77 | 7.01 | 26.2% | 19.33 |
| NMI Holdings, Inc. | NMIH | $2.7B | 7.05 | 1.06 | 15.0% | - |
| Peer Median | - | 13.86 | 1.53 | 13.5% | 17.66 | |