SEACOAST BANKING CORP OF FLORIDA
For the period ended Mar 31, 2024. Filed May 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
SBCF$34.07-0.1%Stored close · as of Nov 10, 2026
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Consolidated statements of comprehensive income (loss) – months ended and
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited)
| (In thousands) | Three Months Ended March 31, | |
|---|---|---|
| 2024 | 2023 | |
| Net Income | $26,006 | $11,827 |
| Other comprehensive income (loss): | ||
| Unrealized (losses) gains on available-for-sale securities, net of tax benefit of $1.6 million and tax expense of $5.9 million for the three months ended March 31, 2024 and March 31, 2023, respectively | $(7,916) | $18,516 |
| Amortization of unrealized gains on securities transferred to held-to-maturity, net of tax benefit of $3 thousand for each of the three months ended March 31, 2024 and March 31, 2023 | (11) | (10) |
| Reclassification adjustment for losses (gains) included in net income, net of tax benefit of $1.0 million and tax expense of $1 thousand for the three months ended March 31, 2024 and March 31, 2023, respectively | 2,806 | (4) |
| Unrealized gains on derivatives designated as fair value hedges, net of reclassifications to income, net of tax expense of $0.4 million for the three months ended March 31, 2024 | 1,043 | — |
| Unrealized gains on derivatives designated as cash flow hedges, net of reclassifications to income, net of tax expense of $33 thousand for the three months ended March 31, 2023 | — | 98 |
| Total other comprehensive (loss) income | $(4,078) | $18,600 |
| Comprehensive Income | $21,928 | $30,427 |
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