SEACOAST BANKING CORP OF FLORIDA
For the period ended Sep 30, 2024. Filed Nov 6, 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.
Sep 30, 2024 · Filed Nov 6, 2024
SBCF$34.12+1.7%Stored close · as of Nov 9, 2026
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Consolidated balance sheets - and
CONSOLIDATED BALANCE SHEETS (Unaudited)
| September 30, | December 31, | |
|---|---|---|
| (In thousands, except share data) | 2024 | 2023 |
| Assets | ||
| Cash and due from banks | $182,743 | $167,511 |
| Interest bearing deposits with other banks | 454,315 | 279,671 |
| Total cash and cash equivalents | 637,058 | 447,182 |
| Time deposits with other banks | 5,207 | 5,857 |
| Debt securities: | ||
| Securities available-for-sale (at fair value) | 2,160,055 | 1,836,020 |
| Securities held-to-maturity (fair value $538.5 million at September 30, 2024 and $558.4 million at December 31, 2023) | 646,050 | 680,313 |
| Total debt securities | 2,806,105 | 2,516,333 |
| Loans held for sale | 11,039 | 4,391 |
| Loans | 10,205,281 | 10,062,940 |
| Allowance for credit losses | (140,469) | (148,931) |
| Loans, net of allowance for credit losses | 10,064,812 | 9,914,009 |
| Bank premises and equipment, net | 108,776 | 113,304 |
| Other real estate owned | 6,421 | 7,560 |
| Goodwill | 732,417 | 732,417 |
| Other intangible assets, net | 77,431 | 95,645 |
| Bank owned life insurance | 306,379 | 298,974 |
| Net deferred tax assets | 94,820 | 113,232 |
| Other assets | 317,906 | 331,345 |
| Total Assets | $15,168,371 | $14,580,249 |
| Liabilities | ||
| Deposits | $12,243,585 | $11,776,935 |
| Securities sold under agreements to repurchase | 210,176 | 374,573 |
| Federal Home Loan Bank (“FHLB”) borrowings | 245,000 | 50,000 |
| Long-term debt, net | 106,800 | 106,302 |
| Other liabilities | 168,960 | 164,353 |
| Total Liabilities | 12,974,521 | 12,472,163 |
| Shareholders’ Equity | ||
| Common stock, par value $0.10 per share, authorized 120,000,000 shares, issued 86,142,157 and outstanding 85,441,001 at September 30, 2024, and authorized 120,000,000, issued 85,480,183 and outstanding 84,861,498 shares at December 31, 2023 | 8,614 | 8,486 |
| Additional paid-in capital | 1,821,050 | 1,808,883 |
| Retained earnings | 508,036 | 467,305 |
| Treasury stock | (18,680) | (16,710) |
| 2,319,020 | 2,267,964 | |
| Accumulated other comprehensive loss, net | (125,170) | (159,878) |
| Total Shareholders’ Equity | 2,193,850 | 2,108,086 |
| Total Liabilities and Shareholders’ Equity | $15,168,371 | $14,580,249 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.