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Income Statement
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Op Efficiency
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SEACOAST BANKING CORP OF FLORIDA (SBCF)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14
   10-K10-K10-K10-K10-K10-K10-K10-K
    Interest income:  
        Interest income on loans  251.5254.4250.5200.0153.8119.294.563.6
        Interest income on investments  29.830.235.938.735.427.220.915.7
       284.2287.0289.8241.4191.6148.1116.480.3
    Interest expense:  
       8.224.346.229.915.38.56.95.4
Net interest income  276.0262.7243.6211.5176.3139.6109.574.9
Provision for loan losses  -9.438.211.011.75.62.42.6-3.5
Net interest income after provision for loan losses  285.4224.6232.6199.8170.6137.2106.878.4
        Deposit and loan fees  9.89.411.5  9.78.67.0
        Gain on sale of investments, net  -0.61.21.2-0.60.10.40.20.5
        Other non-interest income  61.550.944.0105.058.488.875.657.9
Total non-interest income  70.761.656.7104.358.598.884.365.3
Non-interest expenses  197.4185.6160.7162.3149.9130.9103.893.4
Pre-tax income  158.7100.6128.687.579.244.135.710.2
Income taxes  34.322.829.920.336.314.913.54.5
            Tax rate  21.6%22.7%23.2%23.1%45.9%33.8%37.9%44.4%
Net income  124.477.898.767.342.929.222.15.7
            Net margin  34.9%27.2%34.1%22.1%18.7%12.4%11.6%4.0%
   
Basic EPS  $2.20$1.45$1.92$1.40$1.01$0.79$0.66$0.21
Diluted EPS  $2.18$1.44$1.90$1.38$0.99$0.78$0.66$0.21
   
Shares outstanding (basic)  56.653.551.448.042.636.933.527.5
Shares outstanding (diluted)  57.153.952.048.743.437.533.727.7
   
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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