← 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
Noninterest income:
Additional Financial Items
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
Amortization of Intangible Assets $2.5m $3.4m $4.3m $5.8m $5.9m $5.0m $9.1m $28.7m $23.9m $26.8m
Debt and Equity Securities, Gain (Loss) — — — $0 — — — — — —
Gain (Loss) on Investments $368k $86k ($623k) $1.2m $1.2m ($578k) ($1.1m) ($2.9m) ($8.0m) ($522k)
Gains (Losses) on Sales of Investment Real Estate $509k $711k ($461k) ($51k) ($2.3m) $264k $1.5m ($985k) ($440k) $126k
Insurance Services Revenue — — — — — — — $4.5m $5.2m $5.6m
Marketable Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment Loss $368k $86k ($485k) $1.0m $1.1m ($363k) $0 ($2.9m) — —
Preferred Stock Dividends, Income Statement Impact — — — — — — — — — $2
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic — — — — — — — — — $2.4m
Taxable $26.1m $34.4m $37.9m $35.4m $29.7m $29.2m $56.6m $82.9m $99.5m $151.3m
Nontaxable $1.0m $913k $884k $555k $454k $577k $546k $354k $135k $3.4m
Interest and fees on loans $119.2m $153.8m $200.0m $250.5m $254.4m $251.5m $315.7m $581.1m $597.4m $657.0m
Interest on interest-bearing deposits and other investments $1.7m — — — — $3.0m $7.6m $24.6m $28.6m $24.7m
Interest on deposits $2.6m $3.7m $8.8m $16.6m $6.9m $3.6m $7.3m $126.5m $198.2m $177.4m
Interest on time certificates $2.1m $4.7m $11.7m $21.8m $13.4m $2.8m $2.6m $52.3m $70.8m $67.3m
Interest on securities sold under agreement to repurchase — — $1.8m $1.4m $283k $141k $986k $8.3m $9.4m $6.2m
Interest on FHLB borrowings — — $4.5m $3.0m $1.5m $0 $330k $6.4m $7.7m $25.3m
Interest on long-term debt $2.1m $2.4m $3.2m $3.4m $2.2m $1.7m $3.1m $7.2m $7.5m $6.7m
Net Interest Income $139.6m $176.3m $211.5m $243.6m $262.7m $276.0m $366.2m $488.2m $432.0m $553.5m
Provision for credit losses — — $11.7m $11.0m $38.2m ($9.4m) $26.2m $37.5m $16.3m $51.3m
Net Interest Income After Provision for Credit Losses $137.2m $170.6m $199.8m $232.6m $224.6m $285.4m $340.0m $450.7m $415.7m $502.2m
Service charges on deposit accounts — — — $11.5m $9.4m $9.8m $13.7m $18.3m $20.9m $23.4m
Wealth management income — — — $6.4m $7.5m $9.6m $11.1m $12.8m $15.2m $18.6m
Mortgage banking income — — — $6.5m $14.7m $11.8m $3.5m $1.8m $1.8m $4.7m
Interchange income — — — $13.4m $13.7m $16.2m $17.2m $13.9m $7.6m $8.2m
Insurance agency income — — — — — $0 $805k $4.5m $5.2m $5.6m
BOLI income $2.2m $3.4m $4.3m $3.7m $3.6m $4.2m $5.6m $8.4m $10.1m $12.4m
Other $37.4m — — $15.2m $15.8m $16.3m $23.7m $29.2m $24.3m $26.3m
Securities losses, net (includes net losses of $0.9 million for 2025, $12.0 million for 2024 and $2.9 million for 2023 in other comprehensive income reclassifications) $368k $86k ($623k) $1.2m $1.2m ($578k) ($1.1m) ($2.9m) ($8.0m) ($522k)
Salaries and wages — — — $73.8m $88.5m $97.3m $130.1m $177.6m $162.3m $186.9m
Employee benefits — — — $13.7m $15.5m $17.9m $19.0m $29.9m $28.3m $32.8m
Occupancy — — — $14.3m $14.2m $14.1m $18.5m $26.7m $29.5m $31.8m
Furniture and equipment — — — $6.2m $5.9m $5.4m $6.4m $8.7m $8.0m $9.4m
Marketing — — — $4.2m $4.8m $4.6m $6.3m $9.2m $10.8m $11.4m
Legal and professional fees — — — $8.6m $9.2m $11.4m $20.7m $17.5m $9.6m $8.6m
FDIC assessments — — — $881k $1.3m $2.4m $3.1m $8.6m $8.4m $9.6m
Amortization of intangibles $2.5m $3.4m $4.3m $5.8m $5.9m $5.0m $9.1m $28.7m $23.9m $26.8m
Provision for credit losses on unfunded commitments — — — $0 $185k $133k $1.2m $1.2m $1.0m $1.3m
Preferred dividends — — — — — — — $0 $0 $2.1m
Diluted (in shares) $37.5m $43.4m $48.7m $52.0m $53.9m $57.1m $64.3m $84.3m $85.0m $89.1m
Basic (in shares) $36.9m $42.6m $48.0m $51.4m $53.5m $56.6m $63.7m $83.8m $84.4m $88.3m
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest — — — — — — — $134.3m $155.8m $186.5m
Total Interest Income $148.1m $191.6m $241.4m $289.8m $287.0m $284.2m $380.5m $689.0m $725.6m $836.4m
Total Noninterest Income Before Securities (Losses) Gains, Net $37.4m $43.2m $50.6m $55.5m $60.3m $71.3m $67.2m $82.0m $91.4m $99.7m
Total Noninterest Income $37.8m $58.5m $50.0m $56.7m $61.6m $70.7m $66.1m $79.2m $83.4m $99.2m
Income Before Income Taxes $44.1m $79.2m $87.5m $128.6m $100.6m $158.7m $138.1m $134.3m $155.8m $186.5m
Net Income (Loss) Attributable to Parent $29.2m $42.9m $67.3m $98.7m $77.8m $124.4m $106.5m $104.0m $121.0m $144.9m
Net Income (Loss) Available to Common Stockholders, Basic $29.2m $42.9m $67.3m $98.7m $77.8m $124.4m $106.5m $104.0m $121.0m $140.3m
Earnings Per Share, Basic $0.79 $1.01 $1.40 $1.92 $1.45 $2.20 $1.67 $1.24 $1.43 $1.59
Earnings Per Share, Diluted $0.78 $0.99 $1.38 $1.90 $1.44 $2.18 $1.66 $1.23 $1.42 $1.57
Common Stock, Dividends, Per Share, Declared $0.79 $1.01 $1.40 $1.92 $1.45 $0.39 $0.64 $0.71 $0.72 $0.73
Weighted Average Number of Shares Outstanding, Basic 36.9m 42.6m 48.0m 51.4m 53.5m 56.6m 63.7m 83.8m 84.4m 88.3m
Weighted Average Number of Shares Outstanding, Diluted 37.5m 43.4m 48.7m 52.0m 53.9m 57.1m 64.3m 84.3m 85.0m 89.1m
Noninterest expense:
Business Combination, Acquisition Related Costs — $12.9m $9.7m $1.0m $9.1m $7.9m $27.9m $33.2m $0 $32.4m
Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal — — $11.7m $11.0m $38.2m ($9.4m) $26.2m $37.5m $16.3m $51.3m
Outsourced data processing costs — — — $15.1m $19.1m $19.9m $27.5m $52.1m $36.6m $37.6m
OREO expense and net (gain) loss on sale — — — $51k $2.3m ($264k) ($1.5m) $985k $440k ($126k)
Merger and integration costs — — — — — — — $33.2m $0 $32.4m
Interest Expense $8.5m $15.3m $29.9m $46.2m $24.3m $8.2m $14.3m $200.7m $293.6m $282.9m
Interest Expense, Securities Sold under Agreements to Repurchase — — $1.8m $1.4m $283k $141k $986k $8.3m $9.4m $6.2m
Provision for income tax expense $14.9m $36.3m $20.3m $29.9m $22.8m $34.3m $31.6m $30.2m $34.9m $41.6m
Interest Income (Expense), Net $139.6m $176.3m $211.5m $243.6m $262.7m $276.0m $366.2m $488.2m $432.0m $553.5m
Total interest expense $8.5m $15.3m $29.9m $46.2m $24.3m $8.2m $14.3m $200.7m $293.6m $282.9m
Total Noninterest Expense $130.9m $149.9m $162.3m $160.7m $185.6m $197.4m $267.9m $395.6m $343.3m $414.9m
Income Tax Expense (Benefit) $14.9m $36.3m $20.3m $29.9m $22.8m $34.3m $31.6m $30.2m $34.9m $41.6m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.