Seacoast Banking Corporation of Florida

Seacoast Banking Corporation of Florida is a bank holding company. The Company's principal subsidiary is Seacoast National Bank, a national banking association (the Bank). The Company, through its bank subsidiary, provides a range of community banking services to commercial, small business and retail customers, offering a range of transaction and savings deposit products, treasury management services, brokerage, and secured and unsecured loan products, including revolving credit facilities, letters of credit and similar financial guarantees, and asset based financing.

Type
Public
HQ
Stuart, US
Founded
1926
Size (employees)
725 (est)
Seacoast Banking Corporation of Florida was founded in 1926 and is headquartered in Stuart, US
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Seacoast Banking Corporation of Florida Office Locations

Seacoast Banking Corporation of Florida has offices in Okeechobee, Winter Garden, Lakeland, Orlando and in 20 other locations
Stuart, US (HQ)
815 S Colorado Ave
Show all (24)
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Seacoast Banking Corporation of Florida Financials and Metrics

Seacoast Banking Corporation of Florida Financials

Seacoast Banking Corporation of Florida's revenue was reported to be $185.85 m in FY, 2016 which is a 24.7% increase from the previous period.
USD

Revenue (Q1, 2018)

67.8 m

Gross profit (Q1, 2018)

62.1 m

Gross profit margin (Q1, 2018), %

91.6%

Net income (Q1, 2018)

18 m

EBIT (Q1, 2018)

48.7 m

Market capitalization (15-May-2018)

1.4 b

Closing share price (15-May-2018)

29.7

Cash (31-Mar-2018)

135.9 m
Seacoast Banking Corporation of Florida's current market capitalization is $1.4 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

70.8 m105.5 m149 m185.9 m

Revenue growth, %

49%41%25%

Cost of goods sold

6.9 m8.5 m15.3 m

Gross profit

142.1 m177.4 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Revenue

24.5 m23.1 m23.9 m25 m34.6 m36.2 m39.1 m40.9 m45.7 m49.6 m50.7 m57.9 m67.8 m

Cost of goods sold

1.4 m1.3 m1.3 m1.3 m1.6 m1.7 m1.8 m1.9 m2.1 m2.2 m2.6 m3.2 m5.7 m

Gross profit

23.2 m21.8 m22.6 m23.7 m33 m34.5 m37.3 m38.9 m43.7 m47.4 m48.1 m54.6 m62.1 m

Gross profit Margin, %

94%94%95%95%95%95%95%95%95%96%95%94%92%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

191.6 m100.5 m136.1 m109.6 m109.5 m

Accounts Receivable

16 k

Inventories

2.9 b3.8 b

Goodwill

25.3 m25.2 m64.6 m147.6 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Cash

108.4 m218.8 m154 m58.9 m199.9 m94.7 m100.6 m148.6 m126.8 m167.4 m144.8 m108.2 m125.3 m135.9 m

Inventories

1.3 b1.3 b1.3 b1.4 b1.9 b1.9 b2.1 b2.5 b2.6 b2.8 b3 b3.3 b3.9 b

Goodwill

25.2 m25.2 m25.9 m55.2 m64.1 m64.6 m64.6 m101.7 m101.7 m148.6 m

Total Assets

2.1 b2.3 b3.2 b3.2 b3.4 b4 b4.4 b4.5 b4.8 b5.3 b5.3 b5.9 b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

52 m5.7 m22.1 m29.2 m42.9 m

Depreciation and Amortization

5.1 m5.6 m

Inventories

Accounts Payable

Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Net Income

45.1 m2.3 m1.9 m3 m5.9 m11.7 m16.1 m4 m9.3 m18.4 m7.9 m15.6 m14.2 m18 m

Depreciation and Amortization

1.7 m2.7 m1.1 m2.2 m3.8 m1.3 m2.7 m1.6 m

Cash From Operating Activities

12.6 m27 m15.7 m25.7 m40.9 m16.8 m26.1 m53.9 m

Purchases of PP&E

(81.9 m)(150 m)(159.6 m)(11.1 m)(142.1 m)
USDY, 2018

Revenue/Employee

93.5 k

Financial Leverage

8.4 x
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Seacoast Banking Corporation of Florida Operating Metrics

Seacoast Banking Corporation of Florida's Total Loans was reported to be $3.3b in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Bank Branches

43 43 47

Non-accrual Loans

$21.14 m$21.06 m$19.60 m$17.11 m$17.39 m$15.59 m$15.28 m$18.44 m$18.07 m$16.99 m$16.98 m

Total Loans

$1.82 b$1.85 b$1.94 b$2.10 b$2.16 b$2.46 b$2.62 b$2.77 b$2.88 b$2.97 b$3.33 b
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