SEACOAST BANKING CORP OF FLORIDA (SBCF) [Rocket]

Overview

SEACOAST BANKING CORP OF FLORIDA (SBCF)

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Recent News + Filings (All items)

Date Filed	Type	Description
08/11/2023	S-8	Form S-8 - Securities to be offered to employees in employee benefit plans:
08/09/2023	10-Q	Quarterly Report for the period ended June 30, 2023
08/07/2023	4	STALLINGS JAMES C III (EVP, Chief Credit Officer) has filed a Form 4 on SEACOAST BANKING CORP OF FLORIDA
08/04/2023	144	Form 144 - Report of proposed sale of securities:
08/02/2023	4	HUDSON DENNIS S III (Director) has filed a Form 4 on SEACOAST BANKING CORP OF FLORIDA
08/02/2023	4	FOGAL CHRISTOPHER E (Director) has filed a Form 4 on SEACOAST BANKING CORP OF FLORIDA
08/02/2023	4	CULBRETH H GILBERT JR (Director) has filed a Form 4 on SEACOAST BANKING CORP OF FLORIDA

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14
Revenues	356.2	286.1	289.4	304.1	229.1	236.0	191.1	143.7
Revenue growth	24.5%	-1.1%	-4.9%	32.7%	-2.9%	23.5%	33.0%	13.4%
Cost of goods sold	111.4	102.7	88.1	84.5	79.0	67.2	49.8	43.1
Gross profit	244.8	183.4	201.2	219.6	150.1	168.8	141.3	100.6
Gross margin	68.7%	64.1%	69.5%	72.2%	65.5%	71.5%	73.9%	70.0%
Selling, general and administrative						25.5	21.5	18.9
Sales and marketing	4.6	4.8	4.2
General and administrative	52.4	46.7	40.3	31.8	28.1	15.6	11.9
EBITA	182.4	126.0	150.5	192.1	125.4	145.7	37.5	11.3
EBITA margin	51.2%	44.0%	52.0%	63.2%	54.7%	61.8%	19.6%	7.8%
Amortization of intangibles	5.0	5.9	5.8	4.3	3.4	2.5	1.4	1.0
EBIT	177.4	120.1	144.7	187.8	122.0	143.2	36.1	10.2
EBIT margin	49.8%	42.0%	50.0%	61.8%	53.2%	60.7%	18.9%	7.1%
Pre-tax income	158.7	100.6	128.6	87.5	79.2	44.1	35.7	10.2
Income taxes	34.3	22.8	29.9	20.3	36.3	14.9	13.5	4.5
Tax rate	21.6%	22.7%	23.2%	23.1%	45.9%	33.8%	37.9%	44.4%
Net income	124.4	77.8	98.7	67.3	42.9	29.2	22.1	5.7
Net margin	34.9%	27.2%	34.1%	22.1%	18.7%	12.4%	11.6%	4.0%

Diluted EPS	$2.18	$1.44	$1.90	$1.38	$0.99	$0.78	$0.66	$0.21
Shares outstanding (diluted)	57.1	53.9	52.0	48.7	43.4	37.5	33.7	27.7

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.