Seacoast Banking Corporation of Florida SBCF Cash Flow

Seacoast banking corporation of florida (SBCF)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash Flows from Operating Activities
Net income
76,743	98,739	87,525	78,242	71,953	67,275	64,360	62,254	52,966	42,865	40,589	35,506	33,162	29,202	24,467	19,775	20,248	22,141	14,588	13,143	9,256	5,696	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation
6,263	6,421	6,561	6,527	6,454	6,353	6,344	6,071	5,841	5,614	5,263	5,518	5,353	5,076	4,825	4,300	4,021	3,773	3,594	3,400	3,327	3,268	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Amortization of premiums and discounts on securities, net
-2,912	-2,548	-2,505	-2,687	-3,079	-3,196	-3,680	-3,871	-3,663	-3,977	-4,042	-7,012	-7,594	-7,559	-7,240	-4,333	-3,982	-3,920	-3,920	-3,362	-2,811	-2,353	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Amortization of operating lease right-of-use assets
4,366	4,117	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other amortization and accretion, net
2,726	2,005	3,257	3,015	1,562	1,158	166	43	835	697	4,446	3,777	2,743	2,238	-1,568	-1,717	-909	-1,601	-2,955	-1,795	-1,451	-256	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Stock based compensation
7,114	7,243	7,993	8,228	8,498	7,823	7,083	6,349	5,406	5,267	4,666	4,887	4,796	4,154	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Origination of loans designated for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	188,960	192,233	198,519	188,952	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Cash paid to suppliers and employees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	74,373	73,501	66,908	65,405	66,039	65,139	70,416	71,016	70,311	72,240	67,894	66,705	0	0	0
Origination of loans designated for sale
348,366	329,177	312,129	283,156	279,806	303,928	274,078	255,639	244,034	213,027	208,238	210,014	187,856	175,842	179,019	179,448	199,222	206,199	0	0	0	-	175,457	174,234	194,723	208,998	223,738	227,664	205,121	188,064	173,922	150,311	138,455	137,295	0	0	0
Sale of loans designated for sale
344,904	333,591	314,723	291,904	297,682	326,328	288,820	270,949	247,947	211,091	211,432	215,610	198,180	190,843	185,421	185,805	203,352	199,425	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for loan losses
39,115	10,999	8,541	12,064	12,042	11,730	11,651	6,557	5,429	5,648	4,385	4,255	3,516	2,411	1,780	2,217	2,410	2,644	2,393	-19	-2,318	-3,486	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Deferred income taxes
7,782	6,791	-774	-364	-3,032	459	26,425	33,048	36,674	35,827	20,176	16,658	15,643	14,206	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Losses on sale of securities
1,023	1,031	-2,023	-1,128	-572	-485	0	0	0	-	-	-	-	368	362	297	250	161	268	452	452	469	0	0	0	-	0	0	0	-	-	-	0	-	0	0	0
Gains on sale of loans
10,113	9,794	7,892	7,664	8,896	8,961	9,630	9,237	8,107	7,038	6,834	6,911	6,450	6,335	9,149	6,940	5,097	5,146	453	459	753	419	0	0	0	-	0	0	0	-	-	-	-	-	0	0	0
Unrealized gain on loans available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Gains on sale and write-downs of other real estate owned
660	432	374	813	295	107	66	201	364	711	1,188	469	804	509	136	147	-107	-239	-406	-299	-338	-310	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Losses on disposition of fixed assets
-522	-511	-1,525	-1,468	-1,447	-1,235	-513	-185	-1,837	-2,270	-1,975	-2,821	-2,179	-2,442	-2,503	-2,119	-876	-183	-4,612	-4,504	-4,504	-4,493	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Changes in operating assets and liabilities, net of effects from acquired companies:
Proceeds from loans held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Changes in operating assets and liabilities, net of effects from acquired companies:
Net (increase) decrease in other assets
13,512	5,614	-12,798	-12,413	-9,750	-10,331	9,139	8,956	3,596	5,506	4,435	6,349	11,209	11,573	11,807	8,243	4,413	4,828	662	1,261	1,408	315	1,252	436	-669	-792	-1,694	-944	-456	835	1,201	149	887	-585	0	0	0
Change in interest receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Change in interest payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Change in prepaid expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Change in accrued taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Change in other assets
13,512	5,614	-12,798	-12,413	-9,750	-10,331	9,139	8,956	3,596	5,506	4,435	6,349	11,209	11,573	11,807	8,243	4,413	4,828	0	0	0	-	1,252	436	-669	-792	-1,694	-944	-456	835	1,201	149	887	-585	0	0	0
Net increase (decrease) in other liabilities
9,983	-4,206	-1,538	-3,980	-1,494	8,827	-15,213	-15,614	-22,352	-21,432	-3,090	-4,760	971	2,979	1,275	5,484	1,892	-628	5,419	3,230	5,179	3,496	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Net cash provided by operating activities
122,348	117,745	120,062	117,430	117,137	129,608	85,319	84,376	64,700	48,909	68,040	61,954	63,063	62,007	44,873	43,149	42,241	29,509	42,324	31,718	19,091	21,946	10,594	25,560	38,998	49,852	41,649	20,918	12,875	-2,062	7,102	7,639	12,266	23,741	0	0	0
Cash Flows from Investing Activities
Maturities and repayments of debt securities held-to-maturity
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of debt securities available-for-sale
195,500	202,700	187,300	137,700	99,400	64,400	0	0	0	-	-	-	-	40,421	39,047	72,525	70,730	60,314	65,397	17,466	17,466	21,527	16,444	15,872	59,555	67,330	74,923	84,782	156,221	256,102	267,643	277,373	162,271	52,689	0	0	0
Purchases of debt securities available-for-sale
383,674	309,461	164,451	90,729	32,339	104,650	252,771	331,218	433,121	371,926	361,948	289,812	226,955	297,719	231,724	224,892	227,727	159,616	172,654	289,045	252,848	280,137	217,003	137,548	220,849	230,118	311,997	354,628	373,629	384,120	371,474	353,995	325,521	379,262	0	0	0
Maturities of time deposits with other banks
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of debt securities held-to-maturity
-	-	-	-	-	-	-	-	-	131,439	67,563	54,851	250,617	218,654	218,654	213,766	0	24,366	62,374	89,706	89,706	65,340	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Maturities and repayments of debt securities available for sale
166,128	101,674	101,446	104,927	132,188	141,223	141,923	163,918	183,686	211,173	210,722	193,843	156,644	127,879	118,798	113,963	116,465	118,493	119,646	110,329	96,959	92,499	92,188	109,708	134,012	155,627	0	0	0	-	-	-	-	-	-	-	-
Maturities of time deposits with other banks
-	-	-	-	-	4,310	-11,319	-3,803	-4,366	4,720	84,107	76,004	68,508	48,705	35,096	26,813	24,821	28,629	29,914	31,268	25,314	16,138	0	0	0	-	-	-	-	6,395	9,256	8,335	7,372	7,733	0	0	0
Net new loans and principal repayments
81,319	109,614	188,846	216,795	284,894	365,816	277,296	291,826	318,669	328,868	420,783	465,110	459,314	396,862	304,754	239,429	224,659	224,391	240,096	237,133	177,142	154,772	131,099	74,871	97,227	88,039	75,286	73,251	41,250	54,633	31,431	58,049	39,608	15,248	0	0	0
Maturities of time deposits with other banks
-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of securities held for investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	500	500	500	1,526	0	0	0
Proceeds from sale of loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-59,513	-48,674	-22,917	379	68,299	53,983	30,291	0	0	0	0	-	-	-	-
Proceeds from sale of other real estate owned
8,673	6,509	5,965	7,610	8,344	10,072	10,206	7,929	6,952	6,069	8,088	7,069	8,827	7,952	6,057	6,961	5,473	5,758	5,478	4,855	4,514	4,066	3,807	7,610	8,856	8,843	9,998	8,233	14,461	18,369	21,905	21,375	38,335	38,075	0	0	0
Proceeds from sale of FHLB and Federal Reserve Bank Stock
79,986	74,120	62,263	53,231	56,248	44,731	47,062	54,033	49,782	48,295	37,634	22,482	16,703	9,350	1,700	5,402	5,402	7,427	9,250	5,548	5,581	2,423	790	923	890	943	753	784	916	296	505	535	800	1,363	0	0	0
Purchase of FHLB and Federal Reserve Bank Stock
91,671	75,193	53,917	51,098	48,227	51,505	43,963	50,723	50,772	42,680	45,042	34,572	31,836	28,857	16,925	13,419	7,000	7,510	0	0	0	-	-	-	-	-	-	-	-	142	246	420	366	360	0	0	0
Purchase of Visa Class B stock
-	-	-	-	-	-	-	-	-	6,180	6,180	6,180	6,180	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of Visa Class B stock
33,883	0	0	0	0	21,333	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	123,232	115,274	111,335	115,287	0	0	0
Proceeds from bank owned life insurance
1,840	14,218	14,218	12,378	12,378	4,232	7,841	7,841	7,841	3,609	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of bank owned life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash from bank acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	235,546	235,546	293,398	34,471	32,927	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additions to bank premises and equipment
2,244	2,523	2,716	3,029	3,580	4,019	5,020	5,206	5,301	5,710	5,201	5,724	6,633	6,054	5,725	5,749	6,290	9,091	11,848	11,021	8,704	6,083	3,285	2,626	3,282	2,817	3,124	3,410	4,103	3,839	3,257	3,035	1,360	1,070	0	0	0
Net cash provided by investing activities
-296,757	-321,341	-89,284	-47,124	-2,221	-174,600	-104,611	-174,746	-274,750	-245,576	-541,002	-552,158	-500,338	-511,785	-369,004	-177,668	-207,789	-170,901	-152,987	-386,256	-306,461	-295,108	-260,614	-79,525	-118,969	-89,155	-135,094	-168,596	-92,535	-28,421	17,083	8,343	-45,792	-180,869	0	0	0
Cash Flows from Financing Activities
Net increase in deposits
108,180	407,513	405,342	219,480	261,746	-39,769	79,834	270,906	304,449	333,049	316,757	188,762	142,024	27,320	117,347	56,864	87,514	240,086	228,248	282,597	272,987	93,446	109,639	66,929	57,631	47,085	19,443	49,024	24,704	40,223	18,193	8,122	51,257	81,517	0	0	0
Net decrease in federal funds purchased and repurchase agreements
-83,282	-128,202	-118,621	-118,035	-25,244	-1,771	46,882	32,492	-9,858	11,892	-25,541	-15,830	-15,224	32,196	19,085	24,053	106,649	16,707	-75,964	-2,464	-84,591	-16,148	70,098	-19,272	-5,542	14,507	11,945	21,445	12,362	551	15,832	36,662	34,131	38,039	0	0	0
Net decrease in FHLB borrowings with original maturities of three months or less
77,000	-67,000	-225,000	-79,000	-279,000	32,000	0	0	0	-	-	-	-	415,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of FHLB borrowings with original maturities of more than three months
0	63,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from FHLB borrowings with original maturities of more than three months
0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Early redemption of FHLB borrowings
-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of common stock, net of related expense
-	-	-	-	-	-	-	-	-	55,641	55,641	55,641	55,660	0	0	0	0	-	-	-	-	24,637	71,614	71,614	71,618	46,977	0	0	0	-	-	-	-	-	-	-	-
Stock based employee benefit plans
2,644	2,135	-2,333	-1,493	-1,266	979	502	406	610	55	1,138	530	1,346	1,161	371	220	-171	-127	124	123	130	142	158	174	185	190	190	193	192	196	204	184	134	123	0	0	0
Dividends paid
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	1,569	2,194	2,819	2,500	2,500	2,500	2,500	0	0	0	-	-	-	-
Dividends paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Net cash provided by (used in) financing activities
285,272	212,176	-3,612	-42,048	-46,764	51,439	-892	113,694	201,072	196,527	430,857	471,599	433,484	423,355	390,873	166,573	114,246	176,920	152,408	295,256	268,522	182,077	200,565	67,876	71,698	55,940	29,078	68,162	34,677	38,389	31,648	36,762	78,022	112,804	0	0	0
Net increase in cash and cash equivalents
110,863	8,580	27,166	28,258	68,152	6,447	-20,184	23,324	-8,978	-140	-42,105	-18,605	-3,791	-26,423	66,742	32,054	-51,302	35,528	41,745	-59,282	-18,848	-91,085	-49,455	13,911	-8,273	16,637	-64,367	-79,516	-44,983	7,906	55,833	52,744	44,496	-44,324	0	0	0
Supplemental disclosure of cash flow information:
Cash paid during the period for interest
44,967	46,130	44,604	39,582	34,190	28,301	0	0	0	-	-	-	-	-	-	-	-	6,636	4,784	4,535	3,967	3,521	5,158	5,270	5,419	5,584	5,873	6,419	7,407	9,003	10,373	14,681	15,653	16,211	0	0	0
Interest received
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	72,386	73,511	73,379	73,849	75,828	74,967	76,054	78,119	79,574	81,425	82,764	81,904	0	0	0
Fees and commissions received
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	23,310	23,513	24,266	24,168	54,263	42,533	30,805	20,814	-20,246	-19,721	-27,552	-18,453	0	0	0
Cash paid during the period for taxes
16,000	16,000	17,500	13,000	12,000	13,200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
New operating lease right-of-use assets
1,257	30,301	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
New operating lease liabilities
1,257	34,627	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental disclosure of non cash investing activities:
Transfer of debt securities from held-to-maturity to available-for-sale
0	52,796	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer of debt securities from held to maturity to available for sale
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fair value adjustment to securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	0	-	0	0	0	-	0	0	0
Transfers from loans to other real estate owned
10,806	5,665	6,943	1,897	2,060	5,549	5,597	5,533	5,693	1,774	461	651	792	3,009	3,005	6,123	6,514	4,946	8,054	4,760	4,515	4,789	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Transfer from bank premises to other real estate owned
-	-	-	-	-	9,168	2,052	2,052	3,242	1,212	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of securities on trade date
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Securities principal recorded as a receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Matured securities recorded as a receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0
Transfer from securities held for investment to securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-