Seacoast Banking Corporation of Florida

Since its original charter in 1926, Seacoast Bank has succeeded through a clear vision, planned strategic growth, and talented, professional employees. The operating subsidiary of Seacoast Banking Corporation of Florida and is one of the largest publicly traded commercial banks headquartered in Florida. Our offices stretch from Palm Beach County north through the Treasure Coast and in to Orlando, and west to Okeechobee and surrounding counties. Headquartered in Stuart, Florida, Seacoast Bank is unrivaled among community banks and state wide regional banks alike. We combine the service-oriented advantages of a community bank with local decision making, a quality credit culture and the conveniences and sophisticated services and products of a national financial institution, delivered by highly qualified and professional employees. It's what we believe people want; local bankers who are knowledgeable about the markets they serve and are responsive to the needs of our customers. Everything we do is based upon core beliefs that are summarized in our “4 Promises”. We promise to: •Get you comfortable with the right products and the right team to serve you •Make your day-to-day banking simple •Resolve out-of-the-ordinary items responsively • Invest in you and your community
Company Growth (employees)
Type
Public
HQ
Stuart, US
Founded
1926
Size (employees)
725 (est)+10%
Seacoast Banking Corporation of Florida was founded in 1926 and is headquartered in Stuart, US

Seacoast Banking Corporation of Florida Office Locations

Seacoast Banking Corporation of Florida has an office in Stuart
Stuart, US (HQ)
815 S Colorado Ave

Seacoast Banking Corporation of Florida Data and Metrics

Seacoast Banking Corporation of Florida Financial Metrics

Seacoast Banking Corporation of Florida's revenue was reported to be $50.7 m in Q1, 2017
USD

Revenue (Q1, 2017)

50.7 m

Gross profit (Q1, 2017)

48.1 m

Gross profit margin (Q1, 2017), %

95%

Net income (Q1, 2017)

7.9 m

EBIT (Q1, 2017)

36.9 m

Market capitalization (15-Aug-2017)

1 b

Cash (31-Mar-2017)

144.8 m
Seacoast Banking Corporation of Florida's current market capitalization is $1 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

70.8 m80.3 m116.4 m185.9 m

Revenue growth, %

13%45%60%

Cost of goods sold

6.9 m8.5 m

Gross profit

109.5 m177.4 m

Gross profit Margin, %

94%95%

EBIT

109.5 m139.6 m

EBIT margin, %

94%75%

Pre tax profit

35.7 m44.1 m

Net Income

52 m5.7 m22.1 m29.2 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

23.9 m25 m34.6 m36.2 m39.1 m40.9 m45.7 m49.6 m50.7 m

Cost of goods sold

1.3 m1.3 m1.6 m1.7 m1.8 m1.9 m2.1 m2.2 m2.6 m

Gross profit

22.6 m23.7 m33 m34.5 m37.3 m38.9 m43.7 m47.4 m48.1 m

Gross profit Margin, %

95%95%95%95%95%95%95%96%95%

EBIT

16.7 m17.2 m25.3 m24.8 m28 m30 m33.8 m36.9 m36.9 m

EBIT margin, %

70%69%73%69%72%73%74%74%73%

Pre tax profit

3.4 m5.3 m9.4 m9.4 m7.1 m6.4 m8.2 m13.5 m12 m

Net Income

1.9 m3 m5.9 m5.8 m4.4 m4 m5.3 m9.1 m7.9 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

191.6 m100.5 m136.1 m109.6 m

Accounts Receivable

16 k

Inventories

2.9 b

Goodwill

25.3 m25.2 m64.6 m

Total Assets

2.3 b3.1 b3.5 b4.7 b

Accounts Payable

3.5 b

Total Debt

415 m

Total Liabilities

4.2 b

Additional Paid-in Capital

277.3 m379.2 m399.2 m454 m

Retained Earnings

(70.7 m)(65 m)(42.9 m)(13.7 m)

Total Equity

198.6 m312.7 m353.5 m435.4 m

Debt to Equity Ratio

1 x

Debt to Assets Ratio

0.1 x

Financial Leverage

11.4 x9.9 x10 x10.8 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

154 m58.9 m199.9 m94.7 m100.6 m148.6 m126.8 m167.4 m144.8 m

Inventories

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

Goodwill

25.2 m25.2 m25.9 m55.2 m64.1 m64.6 m64.6 m

Total Assets

3.2 b3.2 b3.4 b4 b4.4 b4.5 b4.8 b

Accounts Payable

1.8 b1.8 b2.6 b2.6 b2.7 b3.2 b3.5 b3.5 b3.7 b

Total Equity

234.4 m236 m321.8 m326.9 m350.3 m413.8 m425.4 m435.5 m502.5 m

Financial Leverage

10 x9.9 x9.6 x9.7 x10.3 x10.4 x9.5 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

52 m5.7 m22.1 m29.2 m

Depreciation and Amortization

5.1 m

Cash From Operating Activities

49.9 m21.9 m23 m66 m

Purchases of PP&E

(230.1 m)(280.1 m)(159.6 m)(297.7 m)

Cash From Investing Activities

(511.8 m)

Cash From Financing Activities

55.9 m182.1 m176.9 m423.4 m

Interest Paid

(5.6 m)(4.5 m)(8.1 m)7.9 m

Income Taxes Paid

(575 k)703 k
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

1.9 m3 m5.9 m5.8 m4.4 m4 m5.3 m9.1 m7.9 m
USDY, 2017

Revenue/Employee

72.9 k

Financial Leverage

9.5 x

Seacoast Banking Corporation of Florida Market Value History

Traffic Overview of Seacoast Banking Corporation of Florida

Seacoast Banking Corporation of Florida Online and Social Media Presence

Seacoast Banking Corporation of Florida Company Life and Culture

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