Seacoast banking corporation of florida (SBCF)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Interest on securities
Taxable

35,354

37,860

34,442

26,133

20,341

15,448

12,856

13,964

17,500

13,881

16,357

Nontaxable

555

884

913

1,036

585

211

68

80

140

227

305

Interest and fees on loans

250,535

199,984

153,825

119,217

94,469

63,586

56,971

58,290

62,355

69,454

84,882

Interest on interest bearing deposits and other investments

3,379

2,670

2,416

1,669

1,022

1,017

868

953

797

979

661

Total Interest Income

289,823

241,398

191,596

148,055

116,417

80,262

70,763

73,287

80,792

84,541

102,205

Interest Expense
Interest on deposits

16,621

8,763

3,654

2,593

2,085

864

782

1,522

2,371

3,952

6,031

Interest on time certificates

21,776

11,684

4,678

2,074

1,228

1,538

1,947

3,969

8,615

11,345

18,749

Interest on federal funds purchased and other short term borrowings

1,431

1,804

781

484

340

260

286

340

276

237

431

Interest on Federal Home Loan Bank borrowings

3,010

4,468

3,744

1,256

1,643

1,640

1,608

1,612

1,607

1,607

2,051

Interest on subordinated debt

3,367

3,164

2,443

2,060

1,634

1,053

934

1,035

1,084

1,188

1,354

Total Interest Expense

46,205

29,883

15,300

8,467

6,930

5,355

5,557

8,478

13,953

18,329

28,616

Net Interest Income

243,618

211,515

176,296

139,588

109,487

74,907

65,206

64,809

66,839

66,212

73,589

Provision for loan losses

10,999

11,730

5,648

2,411

2,644

-3,486

3,188

10,796

1,974

31,680

124,767

Net Interest Income after Provision for Credit Losses

232,619

199,785

170,648

137,177

106,843

78,393

62,018

54,013

64,865

34,532

-51,178

Noninterest Income [Abstract]
Non Interest Income Excluding Gain Loss On Loans Sale And Investments

55,515

50,645

43,230

37,427

32,018

-

-

21,444

18,345

-

-

Gain on sale of Visa stock

0

0

15,153

0

0

-

-

-

-

-

-

Bargain purchase gain

-

-

-

-

416

0

0

-

-

-

-

Noninterest income, excluding securities gains

-

-

-

-

-

-

24,319

-

-

-

-

Loss on sale of commercial loan

-

-

-

-

-

-

-

-1,238

0

0

-

Gain (Loss) on Investments

1,217

-623

86

368

161

469

419

7,619

1,220

3,687

5,399

Other

-

-

-

-

-

24,744

-

-

-

18,134

17,495

Noninterest Income

56,732

50,022

58,469

37,795

32,595

25,213

24,738

27,825

19,565

21,821

22,894

Other

-

-

-

-

-

-

-

-

-

-

80,414

Goodwill impairment

-

-

-

-

-

-

-

-

-

-

49,813

Noninterest Expense

160,739

162,273

149,916

130,881

103,770

93,366

75,152

82,548

77,763

89,556

130,227

Income Before Income Taxes

128,612

87,534

79,201

44,091

35,668

10,240

11,604

-710

6,667

-33,203

-158,511

(Benefit) provision for income taxes

29,873

20,259

36,336

14,889

13,527

4,544

-40,385

0

0

0

-11,825

Net Income (Loss) Attributable to Parent

98,739

67,275

42,865

29,202

22,141

5,696

51,989

-710

6,667

-33,203

-146,686

Preferred stock dividends and accretion on preferred stock discount

-

-

-

-

-

-

4,073

3,748

3,748

3,748

3,748

NET INCOME AVAILABLE TO COMMON SHAREHOLDERS

-

-

-

-

-

-

47,916

-4,458

2,919

-36,951

-150,434

Earnings Per Share [Abstract]
Net income per share of common stock
Earnings Per Share, Diluted

1.90

1.38

0.99

0.78

0.66

0.21

2.44

-0.24

0.16

-0.48

-4.74

Earnings Per Share, Basic

1.92

1.40

1.01

0.79

0.66

0.21

2.46

-0.24

0.16

-0.48

-4.74

Weighted Average Number of Shares Outstanding, Diluted

52,029

48,748

43,350

37,508

33,744

27,716

19,650

18,748

18,760

76,561

31,733

Weighted Average Number of Shares Outstanding, Basic

51,449

47,969

42,613

36,872

33,495

27,538

19,449

18,748

18,702

76,561

31,733