Trade Seacoast Banking Corp of Florida - SBCF CFD

Seacoast Banking Florida Company profile

About Seacoast Banking Corporation of Florida

Seacoast Banking Corporation of Florida is a financial holding company. The Company's principal subsidiary is Seacoast National Bank, a national banking association (Seacoast Bank). The Company and its subsidiaries provide integrated financial services, including commercial and retail banking, wealth management and mortgage services, brokerage and annuity services to customers through banking solutions and approximately 52 traditional branches of Seacoast Bank. Its loans held for investment are categorized as construction and land development, commercial real estate - owner-occupied, commercial real estate - non-owner-occupied, residential real estate, commercial and financial, consumer and Paycheck Protection Program (PPP). Its offices stretch from the southeast, including Fort Lauderdale, Boca Raton and Palm Beach, north along the east coast to the Daytona area, into Orlando and Central Florida and the adjacent Tampa market, and west to Okeechobee and surrounding counties.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Seacoast Banking Corporation of Florida interest income decreased 1% to $284.2M. Net interest income after loan loss provision increased 27% to $285.4M. Net income increased 60% to $124.4M. Net interest income after loan loss provision reflects Interest Inc on Collateralized Financing increase of 20% to $3M, Nontaxable increase of 27% to $577K.

Equity composition

Common Stock $.10 Par, 12/10, 300M auth., 93,487,652 issd., less 71 shs in Treas @ $1K.Insiders & stakeholders own 22.47%. PO2/84, 650,000 sharesCommon Cl. A @ $10 by Chicago Corp. 7/03, 10% stock dividend; 7/02, 3-for-1 split; 10/88, 3-for-2 split. SFY'02-'03 fncls. are CLA. Preferred Stock 12/13, 1-for-5 Reverse stock split.

815 Colorado Avenue
STUART
FLORIDA 34994
US