SEACOAST BANKING CORP OF FLORIDA
For the period ended Jun 30, 2025. Filed Aug 8, 2025.
View on SEC.govAbout this filing
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.
Jun 30, 2025 · Filed Aug 8, 2025
SBCF$34.07-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated statements of income – months ended and
CONSOLIDATED STATEMENTS OF INCOME (Unaudited)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| (In thousands, except per share data) | 2025 | 2024 | 2025 | 2024 |
| Interest and fees on loans | $157,075 | $147,292 | $307,715 | $294,387 |
| Interest and dividends on securities | 32,512 | 24,188 | 61,927 | 46,615 |
| Interest on interest bearing deposits and other investments | 3,760 | 8,328 | 7,960 | 14,512 |
| Total Interest Income | 193,347 | 179,808 | 377,602 | 355,514 |
| Interest on deposits | 40,633 | 51,319 | 84,259 | 98,853 |
| Interest on time certificates | 15,120 | 17,928 | 30,093 | 35,049 |
| Interest on borrowed money | 10,730 | 6,137 | 17,869 | 12,110 |
| Total Interest Expense | 66,483 | 75,384 | 132,221 | 146,012 |
| Net Interest Income | 126,864 | 104,424 | 245,381 | 209,502 |
| Provision for credit losses | 4,379 | 4,918 | 13,629 | 6,286 |
| Net Interest Income after Provision for Credit Losses | 122,485 | 99,506 | 231,752 | 203,216 |
| Noninterest income: | ||||
| Service charges on deposit accounts | 5,540 | 5,342 | 10,720 | 10,302 |
| Interchange income | 1,895 | 1,940 | 3,702 | 3,828 |
| Wealth management income | 4,196 | 3,766 | 8,444 | 7,306 |
| Mortgage banking fees | 685 | 582 | 1,089 | 963 |
| Insurance agency income | 1,289 | 1,355 | 2,909 | 2,646 |
| BOLI income | 3,380 | 2,596 | 5,848 | 4,860 |
| Other | 7,497 | 6,647 | 13,754 | 12,591 |
| 24,482 | 22,228 | 46,466 | 42,496 | |
| Securities gains (losses), net | 39 | (44) | 235 | 185 |
| Total Noninterest Income | 24,521 | 22,184 | 46,701 | 42,681 |
| Noninterest expense: | ||||
| Salaries and wages | 44,438 | 38,937 | 86,686 | 79,241 |
| Employee benefits | 8,106 | 6,861 | 16,967 | 14,750 |
| Outsourced data processing costs | 8,525 | 8,210 | 17,029 | 20,328 |
| Occupancy | 7,483 | 7,180 | 14,833 | 15,217 |
| Furniture and equipment | 2,125 | 1,956 | 4,253 | 3,967 |
| Marketing | 2,958 | 3,266 | 5,706 | 5,921 |
| Legal and professional fees | 2,071 | 1,982 | 4,811 | 4,133 |
| FDIC assessments | 2,108 | 2,131 | 4,302 | 4,289 |
| Amortization of intangibles | 5,131 | 6,003 | 10,440 | 12,295 |
| OREO expense and net loss (gain) on sale | 8 | (109) | 249 | (135) |
| Provision for credit losses on unfunded commitments | 150 | 251 | 300 | 501 |
| Merger-related charges | 2,422 | — | 3,473 | — |
| Other | 6,205 | 5,869 | 13,278 | 12,401 |
| Total Noninterest Expense | 91,730 | 82,537 | 182,327 | 172,908 |
| Income Before Income Taxes | 55,276 | 39,153 | 96,126 | 72,989 |
| Income tax expense | 12,589 | 8,909 | 21,975 | 16,739 |
|---|---|---|---|---|
| Net Income | $42,687 | $30,244 | $74,151 | $56,250 |
| Net income per share of common stock | ||||
| Diluted | $0.50 | $0.36 | $0.87 | $0.66 |
| Basic | 0.50 | 0.36 | 0.87 | 0.67 |
| Average common shares outstanding | ||||
| Diluted | 85,479 | 84,816 | 85,454 | 84,799 |
| Basic | 84,903 | 84,341 | 84,776 | 84,260 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.