Seacoast Banking Corporation of Florida (SBCF) Financial Statements & Analysis

Seacoast Banking Corporation of Florida (SBCF) Income Statement

Seacoast Banking Corporation of Florida reported revenue of $598.37M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 19.9% from $499.14M a year earlier. Net income was $142.74M, up 18.0% year over year, a net margin of 23.9%. Gross margin was 89.5% and operating margin 31.2%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $255.55M, up 68.8% from the same quarter a year earlier.

Seacoast Banking Corporation of Florida Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Seacoast Banking Corporation of Florida income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	598.37	499.14	529.87	406.07	354.97	348.61	346.56	291.42	250.07
Cost of Revenue	334.16	310.85	239.49	41.67	-1.07	62.66	57.20	41.61	20.95
Gross Profit	535.38	498.14	528.64	404.91	356.04	285.95	289.35	249.81	229.12
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	108.38	103.09	104.05	86.39	122.14	110.18	92.57	110.19	100.94
Operating Expenses	348.88	342.30	394.38	266.78	197.30	185.37	160.74	162.27	149.92
Operating Income	186.51	155.84	134.25	138.14	158.74	100.58	128.61	87.53	79.20
Other Income/Expense
Interest Income	836.37	725.56	688.98	380.49	284.24	287.04	289.82	241.40	191.60
Interest Expense	282.90	293.59	200.74	14.33	8.22	24.29	46.21	29.88	15.30
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	186.51	155.84	134.25	138.14	158.74	100.58	128.61	87.53	79.20
Income Tax Expense	41.63	34.85	30.22	31.63	34.34	22.82	29.87	20.26	36.34
Net Income	142.74	120.99	104.03	106.51	124.40	77.76	98.74	67.28	42.87
Net Income - Continuous Operations	144.88	120.99	104.03	106.51	124.40	77.76	98.74	67.28	42.87
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	19.18	16.83	16.30	12.60	154.89	102.30	137.15	92.73	84.12
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	26.82	23.88	0.42	10.63	-3.85	1.72	8.53	5.20	4.92
Earnings Per Share
Basic EPS	2.00	1.00	1.00	2.00	2.00	1.00	2.00	1.00	1.00
Diluted EPS	2.00	1.00	1.00	2.00	2.00	1.00	2.00	1.00	1.00
Basic Shares Outstanding	88.28	84.37	83.80	63.71	56.59	53.50	51.45	47.97	42.61
Diluted Shares Outstanding	89.11	85.04	84.33	64.26	57.09	53.93	52.03	48.75	43.35

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Seacoast Banking Corporation of Florida Financial Statements

What was Seacoast Banking Corporation of Florida's revenue in fiscal 2025?

Seacoast Banking Corporation of Florida reported revenue of $598.37M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 19.9% from $499.14M a year earlier.

Is Seacoast Banking Corporation of Florida profitable?

Yes. Seacoast Banking Corporation of Florida earned net income of $142.74M in fiscal 2025, a net margin of 23.9%. In fiscal 2024 it earned $120.99M.

What is Seacoast Banking Corporation of Florida's operating margin?

Seacoast Banking Corporation of Florida's operating income was $186.51M on revenue of $598.37M in fiscal 2025, an operating margin of 31.2%, compared with 31.2% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition