SEACOAST BANKING CORP OF FLORIDA
For the period ended Sep 30, 2025. Filed Nov 5, 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.
Sep 30, 2025 · Filed Nov 5, 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 cash flows – and
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
| Nine Months Ended September 30, | ||
|---|---|---|
| (In thousands) | 2025 | 2024 |
| Cash Flows from Operating Activities | ||
| Net income | $110,618 | $86,901 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation | 6,715 | 6,381 |
| Accretion of discounts on securities, net | (3,858) | (2,371) |
| Amortization of operating lease ROUAs | 6,793 | 6,148 |
| Other amortization and accretion, net | 2,224 | 3,344 |
| Stock-based compensation | 11,445 | 10,233 |
| Origination of loans designated for sale | (75,987) | (82,146) |
| Sale of loans designated for sale | 86,383 | 79,187 |
| Provision for credit losses | 22,000 | 12,559 |
| Deferred income taxes | 7,174 | 7,321 |
| Losses (gains) on securities | 606 | (372) |
| Gains on sale of loans | (4,067) | (4,251) |
| (Gains) losses on sale of OREO, net of write-downs | (114) | 134 |
| Losses on disposition of fixed assets and write-downs upon transfer of bank premises to OREO | 106 | 284 |
| Changes in operating assets and liabilities, net of effects from acquired companies: | ||
| Net (increase) decrease in other assets | (37,432) | 6,951 |
| Net increase in other liabilities | 942 | 4,606 |
| Net cash provided by operating activities | $133,548 | $134,909 |
| Cash Flows from Investing Activities | ||
| Maturities and repayments of debt securities AFS | 369,197 | 269,277 |
| Maturities and repayments of debt securities HTM | 36,460 | 34,361 |
| Proceeds from sale of debt securities AFS | 265,524 | 104,425 |
| Purchases of debt securities AFS | (1,171,727) | (651,360) |
| Maturities and redemptions of time deposits with other banks | 2,219 | 4,132 |
| Purchases of time deposits with other banks | — | (3,482) |
| Net new loans and principal repayments | (528,685) | (158,095) |
| Proceeds from the sale of loans held for investment | 19,110 | 10,905 |
| Proceeds from sale of OREO | 2,960 | 2,841 |
| Proceeds from sale of FHLB and Federal Reserve Bank stock | 31,118 | 11,310 |
| Purchase of FHLB and Federal Reserve Bank stock | (55,185) | (20,743) |
| Proceeds from BOLI death benefit | 2,294 | — |
| Proceeds from sale of Visa Class B shares | — | 4,104 |
| Net cash from bank acquisitions | 185,995 | — |
| Additions to bank premises and equipment | (7,149) | (3,884) |
| Net cash used in investing activities | $(847,869) | $(396,209) |
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
| Nine Months Ended September 30, | ||
|---|---|---|
| (In thousands) | 2025 | 2024 |
| Cash Flows from Financing Activities | ||
| Net increase in deposits | $142,697 | $466,651 |
| Net increase (decrease) in repurchase agreements | 4,176 | (164,397) |
| Net increase of FHLB borrowings with original maturities of three months or less | 100,000 | — |
| Repayments of FHLB borrowings with original maturities of more than three months | (105,000) | (160,000) |
| Proceeds from FHLB borrowings with original maturities of more than three months | 450,000 | 355,000 |
| Stock-based employee benefit plans | (1,289) | 972 |
| Repurchase of common stock | — | (880) |
| Dividends paid | (46,876) | (46,170) |
| Net cash provided by financing activities | $543,708 | $451,176 |
| Net (decrease) increase in cash and cash equivalents | (170,613) | 189,876 |
| Cash and cash equivalents at beginning of period | 476,607 | 447,182 |
| Cash and cash equivalents at end of period | $305,994 | $637,058 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | $205,578 | $219,201 |
| Cash paid for taxes, net | 10,380 | 10,888 |
| Recognition of operating lease ROUAs, other than through bank acquisitions, net of terminations | 9,372 | — |
| Recognition of operating lease liabilities, other than through bank acquisitions, net of terminations | 9,372 | — |
| Transfers from loans to OREO | 1,116 | 953 |
| Transfers from bank premises to OREO | — | 883 |
| 1See "Note 11 – Business Combinations" for non-cash transactions related to business combinations. | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.