Loading...
Docoh

Seacoast Banking Corp. Of Florida (SBCF)

Seacoast Banking Corporation of Florida is one of the largest community banks headquartered in Florida with approximately $8.3 billion in assets and $6.9 billion in deposits as of December 31, 2020. The Company provides integrated financial services including commercial and retail banking, wealth management, and mortgage services to customers through advanced banking solutions, and 51 traditional branches of its locally-branded, wholly-owned subsidiary bank, Seacoast Bank. Offices stretch from Fort Lauderdale, Boca Raton and West Palm Beach north through the Daytona Beach area, into Orlando and Central Florida and the adjacent Tampa market, and west to Okeechobee and surrounding counties.

Company profile

Ticker
SBCF
Exchange
CEO
Dennis Hudson
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Subsidiaries
South Branch Building, Inc. • TC Property Venture, LLC • Syracuse Holdings, Inc. • Seacoast Insurance Services, Inc. • Seacoast Real Estate Investment Trust, Inc • TC Property Venture II, LLC • SB Park Venture, LLC ...
IRS number
592260678

SBCF stock data

Analyst ratings and price targets

Last 3 months

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

4 Aug 22
16 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 901.37M 901.37M 901.37M 901.37M 901.37M 901.37M
Cash burn (monthly) 107.05M 45.62M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 168.21M 71.69M n/a n/a n/a n/a
Cash remaining 733.15M 829.68M n/a n/a n/a n/a
Runway (months of cash) 6.8 18.2 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
29 Jul 22 Dennis J Arczynski Common Stock Grant Acquire A No No 35.78 1,747 62.51K 5,476
29 Jul 22 Jacqueline Lynette Bradley Common Stock Grant Acquire A No No 35.78 1,747 62.51K 18,726.511
29 Jul 22 Crook Michael Common Stock Grant Acquire A No No 35.78 873 31.24K 873
29 Jul 22 Crook Michael Common Stock Grant Acquire A No No 35.78 874 31.27K 60,794.164
29 Jul 22 Culbreth H Gilbert JR Common Stock Grant Acquire A No No 35.78 1,747 62.51K 30,765.585
29 Jul 22 Daum Julie H Common Stock Grant Acquire A No No 35.78 1,747 62.51K 32,928.799
82.8% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 214 207 +3.4%
Opened positions 25 33 -24.2%
Closed positions 18 29 -37.9%
Increased positions 88 72 +22.2%
Reduced positions 59 58 +1.7%
13F shares Current Prev Q Change
Total value 1.78B 1.73B +3.1%
Total shares 50.87M 48.82M +4.2%
Total puts 0 0
Total calls 6K 0 NEW
Total put/call ratio
Largest owners Shares Value Change
BLK Blackrock 8.82M $308.85M +2.2%
Capital World Investors 4.16M $145.58M +1.2%
Vanguard 3.75M $131.32M +3.6%
STT State Street 3.04M $106.56M +30.6%
Dimensional Fund Advisors 1.74M $60.81M +2.9%
Fred Alger Management 1.71M $59.8M +97.8%
WHG Westwood 1.67M $58.37M NEW
Segall Bryant & Hamill 1.59M $55.83M -0.4%
TROW T. Rowe Price 1.58M $55.4M -65.5%
BK Bank Of New York Mellon 1.48M $51.95M -0.2%
Largest transactions Shares Bought/sold Change
TROW T. Rowe Price 1.58M -3M -65.5%
WHG Westwood 1.67M +1.67M NEW
SLFPY Standard Life Aberdeen 1.37M +1.37M NEW
Fred Alger Management 1.71M +844.17K +97.8%
STT State Street 3.04M +713.39K +30.6%
North Reef Capital Management 120K -359.45K -75.0%
Ceredex Value Advisors 207.2K +207.2K NEW
BLK Blackrock 8.82M +193.49K +2.2%
Vanguard 3.75M +130.46K +3.6%
Public Employees Retirement System Of Ohio 116.42K +116.42K NEW

Financial report summary

?
Competition
Orange.
Management Discussion
  • For the second quarter of 2022, the Company reported net income of $32.8 million, or $0.53 per average diluted share, compared to $20.6 million, or $0.33 per average diluted share, for the first quarter of 2022 and $31.4 million, or $0.56 per average diluted share, for the second quarter of 2021. For the six months ended June 30, 2022, net income totaled $53.3 million, or $0.86 per average diluted share, a decrease of $11.8 million, or 18%, compared to the six months ended June 30, 2021. Adjusted net income1 for the second quarter of 2022 totaled $36.3 million, or $0.59 per average diluted share, compared to $27.1 million, or $0.44 per average diluted share, for the first quarter of 2022 and $33.3 million, or $0.59 per average diluted share, for the second quarter of 2021. For the six months ended June 30, 2022, adjusted net income1 totaled $63.4 million, or $1.03 per average diluted share, compared to $68.7 million, or $1.23 per average diluted share for the six months ended June 30, 2021.

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: ATM, conflict, elevated, focused, maintenance, recession, recruiting, refund, write
Removed: mobile, nominal, offer, overnight, platform, retain