SEACOAST BANKING CORP OF FLORIDA
For the period ended Sep 30, 2025. Filed Nov 5, 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.
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.
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Consolidated statements of income – months ended and
CONSOLIDATED STATEMENTS OF INCOME (Unaudited)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| (In thousands, except per share data) | 2025 | 2024 | 2025 | 2024 |
| Interest and fees on loans | $161,913 | $150,980 | $469,628 | $445,367 |
| Interest and dividends on securities | 36,019 | 25,997 | 97,946 | 72,612 |
| Interest on interest bearing deposits and other investments | 4,780 | 7,138 | 12,740 | 21,650 |
| Total Interest Income | 202,712 | 184,115 | 580,314 | 539,629 |
| Interest on deposits | 43,133 | 51,963 | 127,392 | 150,816 |
| Interest on time certificates | 16,341 | 19,002 | 46,434 | 54,051 |
| Interest on borrowed money | 9,770 | 6,485 | 27,639 | 18,595 |
| Total Interest Expense | 69,244 | 77,450 | 201,465 | 223,462 |
| Net Interest Income | 133,468 | 106,665 | 378,849 | 316,167 |
| Provision for credit losses | 8,371 | 6,273 | 22,000 | 12,559 |
| Net Interest Income after Provision for Credit Losses | 125,097 | 100,392 | 356,849 | 303,608 |
| Noninterest income: | ||||
| Service charges on deposit accounts | 6,194 | 5,412 | 16,914 | 15,714 |
| Interchange income | 2,008 | 1,911 | 5,710 | 5,739 |
| Wealth management income | 4,578 | 3,843 | 13,022 | 11,149 |
| Mortgage banking fees | 517 | 485 | 1,606 | 1,448 |
| Insurance agency income | 1,481 | 1,399 | 4,390 | 4,045 |
| BOLI income | 3,875 | 2,578 | 9,723 | 7,438 |
| Other | 6,006 | 7,864 | 19,760 | 20,455 |
| 24,659 | 23,492 | 71,125 | 65,988 | |
| Securities (losses) gains, net | (841) | 187 | (606) | 372 |
| Total Noninterest Income | 23,818 | 23,679 | 70,519 | 66,360 |
| Noninterest expense: | ||||
| Salaries and wages | 46,310 | 40,697 | 132,996 | 119,938 |
| Employee benefits | 7,387 | 6,955 | 24,354 | 21,705 |
| Outsourced data processing costs | 9,337 | 8,003 | 26,366 | 28,331 |
| Occupancy | 7,627 | 7,096 | 22,460 | 22,313 |
| Furniture and equipment | 2,233 | 2,060 | 6,486 | 6,027 |
| Marketing | 2,509 | 2,729 | 8,215 | 8,650 |
| Legal and professional fees | 1,674 | 2,708 | 6,485 | 6,841 |
| FDIC assessments | 2,414 | 1,882 | 6,716 | 6,171 |
| Amortization of intangibles | 6,005 | 6,002 | 16,445 | 18,297 |
| OREO expense and net (gain) loss on sale | (346) | 491 | (97) | 356 |
| Provision for credit losses on unfunded commitments | 150 | 250 | 450 | 751 |
| Merger-related charges | 10,808 | — | 14,281 | — |
| Other | 5,879 | 5,945 | 19,157 | 18,346 |
| Total Noninterest Expense | 101,987 | 84,818 | 284,314 | 257,726 |
| Income Before Income Taxes | 46,928 | 39,253 | 143,054 | 112,242 |
| Income tax expense | 10,461 | 8,602 | 32,436 | 25,341 |
|---|---|---|---|---|
| Net Income | $36,467 | $30,651 | $110,618 | $86,901 |
| Net income per share of common stock | ||||
| Diluted | $0.42 | $0.36 | $1.28 | $1.02 |
| Basic | 0.42 | 0.36 | 1.30 | 1.03 |
| Average common shares outstanding | ||||
| Diluted | 87,425 | 85,069 | 86,154 | 84,915 |
| Basic | 86,619 | 84,434 | 85,398 | 84,319 |
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