SEACOAST BANKING CORP OF FLORIDA
For the period ended Mar 31, 2025. Filed May 7, 2025.
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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, 2025 · Filed May 7, 2025
SBCF$34.12+1.7%Stored close · as of Nov 9, 2026
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Consolidated balance sheets - and
CONSOLIDATED BALANCE SHEETS (Unaudited)
| March 31, | December 31, | |
|---|---|---|
| (In thousands, except share data) | 2025 | 2024 |
| Assets | ||
| Cash and due from banks | $191,467 | $171,615 |
| Interest bearing deposits with other banks | 309,105 | 304,992 |
| Total cash and cash equivalents | 500,572 | 476,607 |
| Time deposits with other banks | 1,494 | 3,215 |
| Debt securities: | ||
| Securities available-for-sale (at fair value) | 2,627,959 | 2,226,543 |
| Securities held-to-maturity (fair value $509.8 million at March 31, 2025 and $507.6 million at December 31, 2024) | 624,650 | 635,186 |
| Total debt securities | 3,252,609 | 2,861,729 |
| Loans held for sale | 16,016 | 17,277 |
| Loans | 10,443,021 | 10,299,950 |
| Allowance for credit losses | (140,267) | (138,055) |
| Loans, net of allowance for credit losses | 10,302,754 | 10,161,895 |
| Bank premises and equipment, net | 108,478 | 107,555 |
| OREO | 7,176 | 6,421 |
| Goodwill | 732,417 | 732,417 |
| Other intangible assets, net | 66,372 | 71,723 |
| Bank owned life insurance | 311,453 | 308,995 |
| Net deferred tax assets | 93,595 | 102,989 |
| Other assets | 339,549 | 325,485 |
| Total Assets | $15,732,485 | $15,176,308 |
| Liabilities | ||
| Deposits | $12,574,796 | $12,242,427 |
| Securities sold under agreements to repurchase | 201,128 | 232,071 |
| FHLB borrowings | 465,000 | 245,000 |
| Long-term debt, net | 107,132 | 106,966 |
| Other liabilities | 154,689 | 166,601 |
| Total Liabilities | 13,502,745 | 12,993,065 |
| Shareholders’ Equity | ||
| Common stock, par value $0.10 per share, authorized 120,000,000 shares, issued 86,333,738 and outstanding 85,618,257 at March 31, 2025, and authorized 120,000,000, issued 86,284,017 and outstanding 85,567,712 shares at December 31, 2024 | 8,633 | 8,628 |
| Additional paid-in capital | 1,828,234 | 1,824,935 |
| Retained earnings | 542,665 | 526,642 |
| Treasury stock | (19,072) | (19,095) |
| 2,360,460 | 2,341,110 | |
| Accumulated other comprehensive loss, net | (130,720) | (157,867) |
| Total Shareholders’ Equity | 2,229,740 | 2,183,243 |
| Total Liabilities and Shareholders’ Equity | $15,732,485 | $15,176,308 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.