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Income Statement
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SEACOAST BANKING CORP OF FLORIDA (SBCF)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsJun-30-23Mar-31-23Jun-30-22Mar-31-22Dec-31-21Sep-30-21Jun-30-21Mar-31-21
   10-Q10-Q10-Q10-Q10-K10-Q10-Q10-Q
    Interest income:  
        Interest income on loans    265.3256.3251.5252.7248.7253.2
        Interest income on investments    39.333.529.827.626.827.8
         309.1293.1284.2283.0277.9283.4
    Interest expense:  
         7.47.28.210.513.217.2
Net interest income    301.8285.9276.0272.5264.7266.2
Provision for loan losses    8.52.9-9.4-3.6-9.53.0
Net interest income after provision for loan losses    293.3283.1285.4276.1274.2263.2
        Deposit and loan fees    6.25.1  4.72.3
        Gain on sale of investments, net    -1.2-0.9-0.6-0.2-0.21.1
        Other non-interest income    65.064.266.662.560.461.1
Total non-interest income    70.168.470.767.064.964.6
Non-interest expenses    220.6210.2197.4190.9187.3183.9
Pre-tax income    142.7141.3158.7152.2151.8143.9
Income taxes    30.130.034.334.834.733.1
            Tax rate    21.1%21.2%21.6%22.9%22.9%23.0%
Net income    112.6111.3124.4117.4117.1110.8
            Net margin    31.0%31.7%34.9%34.2%34.5%33.8%
   
Basic EPS    $1.91$1.93$2.22$2.12$2.15$2.05
Diluted EPS    $1.89$1.92$2.20$2.10$2.13$2.04
   
Shares outstanding (basic)    59.157.656.155.354.553.9
Shares outstanding (diluted)    59.658.156.755.955.054.4
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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