SBCF Seacoast Banking Corporation of FloridaFinancial Income Statement
$24.100.005 (+0.02%)10:38 AM 05/14/24
NASDAQ | $USD | Realtime
SBCF Income Statement
Period
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Order
Currency
Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | TTM | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Interest Revenue | ||||||||||||
| Interest Income On Loans | 250.5 | 254.4 | 251.5 | 315.7 | 581.1 | 593.0 | ||||||
| Total Interest Income | 289.8 | 287.0 | 284.2 | 380.5 | 689.0 | 706.7 | ||||||
| Interest On Deposits | 38.4 | 20.3 | 6.4 | 10.0 | 178.8 | 221.9 | ||||||
| Total Interest On Borrowings | 7.8 | 4.0 | 1.8 | 4.4 | 21.9 | 22.7 | ||||||
| Total Interest Expense | 46.2 | 24.3 | 8.2 | 14.3 | 200.7 | 244.5 | ||||||
| Net Interest Income | 243.6 | 262.7 | 276.0 | 366.2 | 488.2 | 462.2 | ||||||
Non-Interest Revenue | ||||||||||||
| Service Charges On Deposits | 11.5 | 9.4 | 9.8 | 13.7 | 18.3 | 19.0 | ||||||
| Trust Income | 6.4 | 7.5 | 9.6 | 11.1 | 12.8 | 13.3 | ||||||
| Total Mortgage Banking Activities | 6.5 | 14.7 | 11.8 | 3.5 | 1.8 | 1.7 | ||||||
| Gain (Loss) on Sale of Invest. & Securities | 1.2 | 1.2 | (0.6) | (1.1) | (2.9) | (2.8) | ||||||
| Total Other Non Interest Income | 30.2 | 28.7 | 40.1 | 38.9 | 47.1 | 43.9 | ||||||
| Total Non Interest Income | 55.8 | 61.6 | 70.7 | 66.1 | 77.0 | 75.1 | ||||||
Revenue | ||||||||||||
| Revenue Before Loan Losses | 299.4 | 324.3 | 346.8 | 432.3 | 565.3 | 537.3 | ||||||
| Provision For Loan Losses | 11.0 | 38.2 | (9.4) | 26.2 | 37.5 | 7.3 | ||||||
| Total Revenues | 288.4 | 286.1 | 356.2 | 406.1 | 527.8 | 530.0 | ||||||
Non Interest Operating Expenses | ||||||||||||
| Salaries And Other Employee Benefits | 80.3 | 96.8 | 106.5 | 128.8 | 180.5 | 175.7 | ||||||
| Amort. of Goodwill & Intang. Assets | 5.8 | 5.9 | 5.0 | 9.1 | 28.7 | 28.3 | ||||||
| Occupancy Expense | - | - | - | - | - | - | ||||||
| Total Selling General & Admin Expenses | 58.5 | 63.4 | 67.3 | 80.7 | 108.9 | 107.3 | ||||||
| Total Other Non Interest Expense | 15.2 | 16.0 | 16.5 | 24.8 | 30.4 | 28.8 | ||||||
| Total Non Interest Expense | 160.7 | 185.6 | 197.4 | 245.0 | 358.1 | 350.2 | ||||||
Earnings from Continuing Operations | ||||||||||||
| EBT, Excl. Unusual Items | 127.7 | 100.6 | 158.7 | 161.0 | 169.6 | 179.8 | ||||||
| Restructuring Charges | - | - | - | - | (3.2) | (9.6) | ||||||
| Impairment of Goodwill | - | - | - | - | - | - | ||||||
| Other Unusual Items | - | - | - | - | - | - | ||||||
| EBT, Incl. Unusual Items | 128.6 | 100.6 | 158.7 | 138.1 | 134.3 | 153.6 | ||||||
| Income Tax Expense | 29.9 | 22.8 | 34.3 | 31.6 | 30.2 | 35.4 | ||||||
| Earnings From Continuing Operations | 98.7 | 77.8 | 124.4 | 106.5 | 104.0 | 118.2 | ||||||
Net Income | ||||||||||||
| Net Income to Company | 98.7 | 77.8 | 124.4 | 106.5 | 104.0 | 118.2 | ||||||
| Net Income | 98.7 | 77.8 | 124.4 | 106.5 | 104.0 | 118.2 | ||||||
| Preferred Dividend and Other Adjustments | - | - | - | - | - | - | ||||||
| Net Income to Common Incl Extra Items | 98.7 | 77.8 | 124.4 | 106.5 | 104.0 | 118.2 | ||||||
| Net Income to Common Excl. Extra Items | 98.7 | 77.8 | 124.4 | 106.5 | 104.0 | 118.2 | ||||||
Supplemental Items | ||||||||||||
| Revenue Per Share | $5.61 | $5.35 | $6.29 | $6.37 | $6.30 | $6.24 | ||||||
| Basic EPS | $1.92 | $1.45 | $2.20 | $1.67 | $1.24 | $1.39 | ||||||
| Basic EPS - Continuing Ops | $1.92 | $1.45 | $2.20 | $1.67 | $1.24 | $1.39 | ||||||
| Basic Weighted Average Shares Outst. | 51.4 | 53.5 | 56.6 | 63.7 | 83.8 | 85.0 | ||||||
| Diluted EPS | $1.90 | $1.44 | $2.18 | $1.66 | $1.23 | $1.38 | ||||||
| Diluted EPS - Continuing Ops | $1.90 | $1.44 | $2.18 | $1.66 | $1.23 | $1.38 | ||||||
| Diluted Weighted Average Shares Outst. | 52.0 | 53.9 | 57.1 | 64.3 | 84.3 | 85.5 | ||||||
| Normalized Basic EPS | $1.55 | $1.17 | $1.75 | $1.58 | $1.27 | $1.32 | ||||||
| Normalized Diluted EPS | $1.53 | $1.17 | $1.74 | $1.57 | $1.26 | $1.31 | ||||||
| Dividend Per Share | - | - | $0.39 | $0.64 | $0.71 | $0.72 | ||||||
| Payout Ratio | - | - | 18.09% | 38.72% | 58.24% | 52.00% | ||||||
| Effective Tax Rate | 23.2% | 22.7% | 21.6% | 22.9% | 22.5% | 23.0% | ||||||
| Normalized Net Income | 79.8 | 62.9 | 99.2 | 100.6 | 106.0 | 112.4 | ||||||
| Interest on Long-Term Debt | 6.4 | 3.7 | 1.7 | 3.4 | 13.6 | - | ||||||
In Millions of United States Dollar (USD) except per share items