← SEACOAST BANKING CORP OF FLORIDA
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $29.2m |
$42.9m
+46.79%
|
$67.3m
+56.95%
|
$98.7m
+46.77%
|
$77.8m
-21.24%
|
$124.4m
+59.98%
|
$106.5m
-14.39%
|
$104.0m
-2.32%
|
$121.0m
+16.30%
|
$144.9m
+19.75%
|
— | |
| Depreciation and amortization | ($2.2m) | ($697k) | $6.4m | $6.4m | $6.0m | $5.5m | $6.1m | $8.2m | $8.6m | $9.7m | $49.9m | |
| Amortization of Intangible Assets | $2.5m | $3.4m | $4.3m | $5.8m | $5.9m | $5.0m | $9.1m | $28.7m | $23.9m | $26.8m | — | |
| Depreciation | $5.1m | $5.6m | $6.4m | $6.4m | $6.0m | $5.5m | $6.1m | $8.2m | $8.6m | $9.7m | $21.2m | |
| Amortization of operating lease ROUAs | — | — | — | — | $4.4m | $4.6m | $6.5m | $8.1m | $8.2m | $9.4m | — | |
| Other amortization and accretion, net | ($2.2m) | ($697k) | ($1.2m) | ($2.0m) | ($8.7m) | ($13.9m) | ($2.0m) | ($15.9m) | $2.4m | $20.6m | — | |
| Amortization Cash Flow | — | — | — | — | — | — | ($2.0m) | ($15.9m) | $2.4m | $20.6m | — | |
| Amortization Of Intangibles | — | — | — | — | — | — | ($2.0m) | ($15.9m) | $2.4m | $20.6m | $28.7m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $10.6m | $423k | $19.2m | $39.7m | $49.9m | |
| Deferred Income Tax Expense (Benefit) | $14.2m | $35.8m | $459k | $6.8m | ($4.9m) | $3.8m | ($10.4m) | $9.4m | $9.6m | $12.0m | $12.6m | |
| Deferred Tax | — | — | — | — | — | — | ($10.4m) | $9.4m | $9.6m | $12.0m | $12.6m | |
| Share-based Payment Arrangement, Noncash Expense | $4.2m | $5.3m | $7.8m | $7.2m | $7.3m | $8.7m | $11.2m | $13.4m | $13.7m | $15.7m | $18.7m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | $55k | — | $2.1m | $1.5m | — | — | — | — | — | — | |
| Share-based Payment Arrangement, Expense | $4.2m | $5.3m | $7.8m | $7.2m | $7.3m | $8.7m | $11.2m | $13.4m | $13.7m | $15.7m | $18.7m | |
| Stock-based compensation | $4.2m | $5.3m | $7.8m | $7.2m | $7.3m | $8.7m | $11.2m | $13.4m | $13.7m | $15.7m | $18.7m | |
| Stock-based employee benefit plans | — | — | — | $2.1m | $1.5m | $5.0m | $3.4m | $5.1m | $945k | ($1.4m) | — | |
| Marketable Securities, Gain (Loss), Excluding Other-than-temporary Impairment Loss | — | — | — | — | — | — | — | — | ($8.0m) | ($522k) | — | |
| Marketable Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment Loss | $368k | $86k | ($485k) | $1.0m | $1.1m | ($363k) | $0 | ($2.9m) | — | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | $22.6m | ($17.7m) | ($4.0m) | ($69.4m) | ($88.7m) | |
| Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal | — | — | — | — | — | — | $26.2m | $37.5m | $16.3m | $51.3m | — | |
| Increase (Decrease) in Other Operating Assets | $14.1m | $5.5m | ($10.1m) | $5.6m | $35.6m | $42.4m | ($508k) | $9.0m | $5.8m | $26.4m | — | |
| Increase (Decrease) in Other Operating Liabilities | $6.2m | ($21.4m) | $8.8m | ($4.2m) | $18.8m | $28.9m | $22.0m | ($8.8m) | $1.8m | ($42.9m) | — | |
| Net increase in other assets | ($14.1m) | $5.5m | $10.1m | ($5.6m) | ($35.6m) | ($42.4m) | $508k | ($9.0m) | ($5.8m) | ($26.4m) | — | |
| Net (decrease) increase in other liabilities | $12k | ($21.4m) | $8.8m | ($4.2m) | $18.8m | $28.9m | $22.0m | ($8.8m) | $1.8m | ($42.9m) | — | |
| Change In Other Current Assets | — | — | — | — | — | — | $508k | ($9.0m) | ($5.8m) | ($26.4m) | ($24.3m) | |
| Change In Other Current Liabilities | — | — | — | — | — | — | $22.0m | ($8.8m) | $1.8m | ($42.9m) | ($64.4m) | |
| Net Cash Provided by (Used in) Operating Activities | $66.0m |
$48.9m
-25.90%
|
$129.6m
+165.00%
|
$117.7m
-9.15%
|
$60.7m
-48.49%
|
$154.6m
+154.85%
|
$195.9m
+26.71%
|
$150.6m
-23.10%
|
$179.9m
+19.45%
|
$188.1m
+4.54%
|
$218.2m
+16.05%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | ($2.4m) | ($2.3m) | ($1.2m) | ($511k) | ($791k) | ($817k) | ($1.4m) | — | — | — | $33.0m | |
| Additions to bank premises and equipment | ($6.1m) | ($5.7m) | ($4.0m) | ($2.5m) | ($1.6m) | ($4.3m) | ($12.6m) | ($10.3m) | ($4.0m) | ($9.2m) | — | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $127.9m | $211.2m | $141.2m | $101.7m | $304.1m | $546.3m | $270.8m | $220.1m | $382.7m | $538.1m | — | |
| Gain (Loss) on Investments | $368k | $86k | ($623k) | $1.2m | $1.2m | ($578k) | ($1.1m) | ($2.9m) | ($8.0m) | ($522k) | $40.3m | |
| Unrealized Gain (Loss) on Investments | — | — | — | — | $200k | $2.2m | $0 | ($2.9m) | ($12.0m) | ($900k) | — | |
| Maturities and repayments of debt securities AFS | $127.9m | $211.2m | $141.2m | $101.7m | $304.1m | $546.3m | $270.8m | $220.1m | $382.7m | $538.1m | — | |
| Maturities and repayments of debt securities HTM | — | $86.5m | $58.3m | $42.5m | $75.9m | $132.9m | $96.9m | $69.5m | $45.3m | $48.7m | — | |
| Proceeds from sale of debt securities AFS | $40.4m | $235.6m | $31.7m | $202.7m | $96.7m | $85.0m | $515.2m | $113.4m | $217.0m | $1.8b | — | |
| Purchases of debt securities AFS | ($297.7m) | ($371.9m) | ($72.5m) | ($309.5m) | ($830.3m) | ($1.1b) | ($693.6m) | ($100.9m) | ($993.9m) | ($2.3b) | — | |
| Net cash from bank acquisitions | $235.5m | $23.8m | $22.9m | $0 | $72.0m | $98.1m | $281.7m | $141.7m | $0 | $169.6m | — | |
| Net Other Investing Changes | — | — | — | — | — | — | $4.2m | ($14.1m) | ($6.7m) | ($44.8m) | ($28.5m) | |
| Net cash (used in) provided by investing activities | ($511.8m) | ($245.6m) | ($174.6m) | ($321.3m) | ($342.5m) | ($412.5m) | ($364.9m) | $527.4m | ($606.9m) | ($706.8m) | — | |
| Net Cash Provided by (Used in) Investing Activities | — | ($245.6m) | ($174.6m) | ($321.3m) | ($342.5m) | ($412.5m) | ($364.9m) | $527.4m | ($606.9m) | ($706.8m) | ($348.0m) | |
| Cash flows from financing activities: | ||||||||||||
| Debt and Equity Securities, Gain (Loss) | — | — | — | $0 | — | — | — | — | — | — | — | |
| Net increase (decrease) in FHLB borrowings with original maturities of three months or less | $415.0m | ($204.0m) | $32.0m | ($67.0m) | ($235.0m) | $0 | ($62.5m) | ($280.0m) | $0 | $115.0m | — | |
| Repayments of FHLB borrowings with original maturities of more than three months | ($50.0m) | $0 | $0 | ($63.0m) | ($115.0m) | ($33.0m) | ($7.5m) | ($75.0m) | ($160.0m) | ($235.0m) | — | |
| Proceeds from FHLB borrowings with original maturities of more than three months | $0 | $0 | $60.0m | $65.0m | $35.0m | $0 | $75.0m | $110.0m | $355.0m | $710.0m | — | |
| Issuance Of Debt | — | — | — | — | — | — | $75.0m | $110.0m | $355.0m | $825.0m | $720.0m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $75.0m | $110.0m | $355.0m | $710.0m | $720.0m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($7.5m) | ($75.0m) | ($160.0m) | ($235.0m) | ($765.0m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $5.0m | ($245.0m) | $195.0m | $590.0m | $120.0m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $67.5m | $35.0m | $195.0m | $475.0m | ($45.0m) | |
| Net Short Term Debt Issuance | — | — | — | — | — | — | ($62.5m) | ($280.0m) | $0 | $115.0m | $165.0m | |
| Repayment Of Debt | — | — | — | — | — | — | ($70.0m) | ($355.0m) | ($160.0m) | ($235.0m) | ($765.0m) | |
| Short Term Debt Payments | — | — | — | — | — | $0 | ($62.5m) | ($280.0m) | $0 | — | $0 | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | — | $10.9m | $880k | $0 | — | |
| Proceeds from Issuance of Common Stock | $0 | $55.6m | $0 | $0 | — | — | — | — | — | — | — | |
| Repurchase of common stock | — | — | — | — | — | $0 | $0 | ($10.9m) | ($880k) | $0 | — | |
| Common Stock Payments | — | — | — | — | — | — | $0 | ($10.9m) | ($880k) | $0 | ($33.3m) | |
| Net Common Stock Issuance | — | — | — | — | — | — | $0 | ($10.9m) | ($880k) | $0 | ($33.3m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | $0 | ($10.9m) | ($880k) | $0 | ($33.3m) | |
| Dividends paid | $0 | $0 | $0 | $0 | $0 | ($22.5m) | ($41.2m) | ($60.6m) | ($61.6m) | ($67.7m) | ($78.4m) | |
| Net Cash Provided by (Used in) Financing Activities | $423.4m |
$196.5m
-53.58%
|
$51.4m
-73.83%
|
$212.2m
+312.48%
|
$561.4m
+164.59%
|
$591.6m
+5.37%
|
($366.8m)
-162.00%
|
($432.8m)
-18.01%
|
$456.4m
+205.45%
|
$430.6m
-5.65%
|
$227.3m
-47.22%
|
|
| Net (decrease) increase in cash and cash equivalents | ($26.4m) | ($140k) | $6.4m | $8.6m | $279.6m | $333.6m | ($535.8m) | $245.2m | $29.4m | ($88.1m) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | $8.6m | $279.6m | $333.6m | ($535.8m) | $245.2m | $29.4m | ($88.1m) | $429.9m | |
| Cash and cash equivalents at beginning of period | — | $109.5m | $116.0m | $124.5m | $404.1m | $737.7m | $201.9m | $447.2m | $476.6m | $388.5m | — | |
| Beginning Cash Position | — | — | — | — | — | — | $737.7m | $201.9m | $447.2m | $476.6m | $332.4m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $124.5m | $404.1m | $737.7m | $201.9m | $447.2m | $476.6m | $388.5m | $429.9m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Provision for Loan, Lease, and Other Losses | $2.4m | $5.6m | $11.7m | $11.0m | — | — | — | — | — | — | $47.4m | |
| Bank Owned Life Insurance Income | $2.2m | $3.4m | $4.3m | $3.7m | $3.6m | $4.2m | $5.6m | $8.4m | $10.1m | $12.4m | — | |
| Gain (Loss) on Sales of Loans, Net | $0 | $679k | $311k | $584k | $2.5m | $828k | $80k | — | — | — | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $7.9m | $15.1m | $28.3m | $46.1m | $23.5m | $10.0m | $13.7m | $191.2m | $287.3m | $277.6m | — | |
| Income Taxes Paid, Net | $703k | $400k | $13.2m | $16.0m | $27.7m | $30.9m | $29.6m | ($5.9m) | $18.5m | $2.1m | — | |
| Additional Financial Items | ||||||||||||
| Asset Retirement Obligation, Accretion Expense | $553k | $411k | — | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Assets | — | — | — | — | — | — | — | ($1.8m) | ($291k) | ($131k) | — | |
| Gains (Losses) on Sales of Investment Real Estate | $509k | $711k | ($461k) | ($51k) | ($2.3m) | $264k | $1.5m | ($985k) | ($440k) | $126k | — | |
| Goodwill | $64.6m | $147.6m | $204.8m | $205.3m | $221.2m | $252.2m | $480.3m | $732.4m | $732.4m | $1.0b | — | |
| Income Tax Expense (Benefit) | $14.9m | $36.3m | $20.3m | $29.9m | $22.8m | $34.3m | $31.6m | $30.2m | $34.9m | $41.6m | — | |
| Insurance Services Revenue | — | — | — | — | — | — | — | $4.5m | $5.2m | $5.6m | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | $37.8m | ($9.4m) | — | — | — | — | — | |
| Accretion of discounts of premiums on securities, net | $7.6m | $4.0m | $3.2m | $2.5m | $5.0m | $6.2m | $576k | ($949k) | ($3.0m) | ($7.6m) | — | |
| Origination of loans designated for sale | ($175.8m) | ($213.0m) | ($303.9m) | ($329.2m) | ($511.7m) | ($490.4m) | ($186.5m) | ($113.2m) | ($95.4m) | ($165.7m) | — | |
| Sale of loans designated for sale | $190.8m | $211.1m | $326.3m | $333.6m | $477.2m | $543.4m | $221.2m | $116.6m | $99.5m | $173.0m | — | |
| Provision for credit losses | — | — | $11.7m | $11.0m | $38.2m | ($9.4m) | $26.2m | $37.5m | $16.3m | $51.3m | — | |
| Losses on securities | — | — | — | — | — | — | $0 | $2.9m | $8.0m | $522k | — | |
| Gains on sale of loans | ($6.3m) | ($7.0m) | ($9.0m) | ($9.8m) | ($13.9m) | ($15.3m) | ($5.7m) | ($4.2m) | ($5.5m) | ($6.4m) | — | |
| (Gains) losses on sale of OREO, net of write-downs | ($509k) | ($711k) | ($107k) | ($432k) | $1.1m | ($635k) | ($1.7m) | $450k | $134k | ($207k) | — | |
| Losses on disposition of fixed assets and write-downs upon transfer of bank premises to OREO | — | — | — | — | — | $817k | $1.4m | $1.8m | $291k | $131k | — | |
| Maturities and redemptions of time deposits with other banks | — | — | $4.3m | $4.5m | $3.0m | $750k | $3.2m | $2.0m | $6.1m | $18.6m | — | |
| Purchases of time deposits with other banks | — | — | — | — | — | $0 | $0 | ($4.6m) | ($3.5m) | $0 | — | |
| Net new loans and principal repayments | ($396.9m) | ($328.9m) | ($365.8m) | ($109.6m) | ($79.1m) | $566.3m | ($513.3m) | $110.7m | ($243.8m) | ($982.6m) | — | |
| Purchases of loans held for investment | ($64.9m) | ($55.4m) | ($19.5m) | ($270.8m) | $0 | ($259.3m) | ($111.3m) | $0 | ($44.6m) | $0 | — | |
| Proceeds from the sale of loans held for investment | $71.4m | $106.8m | $0 | $0 | — | — | $0 | $0 | $34.4m | $19.5m | — | |
| Proceeds from the sale of OREO | $8.0m | $6.1m | $10.1m | $6.5m | $8.5m | $5.6m | $16.0m | $577k | $2.8m | $4.5m | — | |
| Proceeds from sale of FHLB and Federal Reserve Bank stock | $9.3m | $48.3m | $44.7m | $74.1m | $39.2m | $3.9m | $0 | $73.5m | $11.3m | $56.2m | — | |
| Purchase of FHLB and Federal Reserve Bank stock | ($28.9m) | ($42.7m) | ($51.5m) | ($75.2m) | ($28.3m) | ($3.0m) | ($11.9m) | ($88.1m) | ($20.8m) | ($110.6m) | — | |
| Proceeds from BOLI death benefit | $0 | $3.6m | $4.2m | $14.2m | $0 | $0 | $25.8m | $0 | $0 | $5.1m | — | |
| Proceeds from sale of Visa Class B shares | — | — | — | — | — | — | $0 | $0 | $4.1m | $0 | — | |
| Net (decrease) increase in deposits | $27.3m | $333.0m | ($39.8m) | $407.5m | $844.4m | $640.1m | ($384.4m) | ($324.0m) | $465.5m | ($142.1m) | — | |
| Net increase (decrease) in repurchase agreements | $32.2m | $11.9m | ($1.8m) | ($128.2m) | $33.5m | $2.0m | $50.5m | $202.5m | ($142.5m) | $51.9m | — | |
| Recognition of operating lease ROUAs, other than through bank acquisition, net of terminations | — | — | — | — | — | $12.5m | $3.4m | $2.1m | $0 | $12.7m | — | |
| Recognition of operating lease liabilities, other than through bank acquisition, net of terminations | — | — | — | — | $2.1m | $12.5m | $3.4m | $2.1m | $0 | $12.9m | — | |
| Transfer of loans from held for investment to held for sale | $0 | $5.7m | $0 | $801k | — | — | $0 | $0 | $19.8m | $0 | — | |
| Transfer from loans to OREO | $3.0m | $1.8m | $5.5m | $5.7m | $5.6m | $0 | $0 | $0 | $953k | $1.2m | — | |
| Transfer from bank premises to OREO | — | — | — | — | — | $3.3m | $1.7m | $6.3m | $883k | $425k | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($366.8m) | ($432.8m) | $456.4m | $430.6m | $227.3m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($364.9m) | $527.4m | ($606.9m) | ($706.8m) | ($348.0m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($535.8m) | $245.2m | $29.4m | ($88.1m) | — | |
| Changes In Cash | — | — | — | — | — | — | ($535.8m) | $245.2m | $29.4m | ($88.1m) | $97.5m | |
| End Cash Position | — | — | — | — | — | — | $201.9m | $447.2m | $476.6m | $388.5m | $429.9m | |
| Financing Cash Flow | — | — | — | — | — | — | ($366.8m) |
($432.8m)
-18.01%
|
$456.4m
+205.45%
|
$430.6m
-5.65%
|
$227.3m
-47.22%
|
|
| Free Cash Flow | — | — | — | — | — | — | $183.2m | $140.3m | $175.9m | $178.9m | $206.9m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | $0 | $2.9m | $8.0m | $522k | $40.3m | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | $1.4m | $1.8m | $291k | $131k | $96k | |
| Investing Cash Flow | — | — | — | — | — | — | ($364.9m) | $527.4m | ($606.9m) | ($706.8m) | ($348.0m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $281.7m | $141.7m | $0 | $169.6m | $169.6m | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($16.8m) | $302.1m | ($344.9m) | $122.1m | $657.7m | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($12.6m) | ($10.3m) | ($4.0m) | ($9.2m) | ($11.3m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($4.3m) | $566k | $2.8m | ($5.8m) | $33.0m | |
| Other Non Cash Items | — | — | — | — | — | — | $32.9m | $3.9m | $4.3m | $7.1m | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $3.4m | $5.1m | $945k | ($1.4m) | ($1.6m) | |
| Purchase Of Investment | — | — | — | — | — | — | ($899.7m) | ($100.9m) | ($993.9m) | ($2.3b) | ($2.1b) | |
| Purchase Of PPE | — | — | — | — | — | — | ($12.6m) | ($10.3m) | ($4.0m) | ($9.2m) | ($11.3m) | |
| Sale Of Business | — | — | — | — | — | — | $281.7m | $141.7m | $0 | $169.6m | $169.6m | |
| Sale Of Investment | — | — | — | — | — | — | $882.9m | $403.0m | $649.0m | $2.4b | $2.8b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.