A Business at a Glance
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SEACOAST BANKING CORP OF FLORIDA
SBCF
$3.0B
Mkt Cap
$33.49
+1.33%
SEACOAST BANKING CORP OF FLORIDA (SBCF) has a current P/E ratio of 21.3, compared to its historical median P/E of 18.4. The stock is currently considered Fair based on its historical valuation range.
SEACOAST BANKING CORP OF FLORIDA (SBCF) has a 5-year average return on invested capital (ROIC) of 6.7%. This is below average and may indicate limited pricing power.
SEACOAST BANKING CORP OF FLORIDA (SBCF) has a market capitalization of $3.3B. It is classified as a mid-cap stock.
Yes, SEACOAST BANKING CORP OF FLORIDA (SBCF) pays a dividend with a trailing twelve-month yield of 2.24%. The company also returns capital through share buybacks, with a buyback yield of 0.31%.
Based on historical P/E analysis, SEACOAST BANKING CORP OF FLORIDA (SBCF) appears fair. The current P/E of 21.3 is 16% above its historical median of 18.4. The estimated fair value CAGR (P/E method) is -2.4%.
SEACOAST BANKING CORP OF FLORIDA (SBCF) operates in the State Commercial Banks industry, within the Financials sector.
Seacoast Banking Corporation of Florida (“Seacoast” or the “Company”) is a financial holding company, incorporated in Florida in 1983, and registered under the Bank Holding Company Act of 1956, as amended (the “BHC Act”). Its principal subsidiary is Seacoast National Bank, a wholly-owned national banking association (“Seacoast Bank”) chartered in 1926. As of December 31, 2025, Seacoast had total consolidated assets of $20.8 billion, total deposits of $16.3 billion, total consolidated liabilities, including deposits, of $17.8 billion, consolidated convertible preferred stock of $0.3 billion, and consolidated shareholders’ equity of $2.7 billion. Seacoast Bank is one of the largest banks headquartered in Florida, with an expanding presence in the state's fastest growing markets, each of which has unique characteristics and opportunities. This growth has been achieved through a balanced strategy consisting of organic growth and opportunistic acquisitions.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 676M | 936M | 809M | 768M | 447M | 355M |
| Net Income | 137M | 140M | 121M | 104M | 107M | 124M |
| EPS | $1.51 | $1.57 | $1.42 | $1.23 | $1.66 | $2.18 |
| Free Cash Flow | 0 | 188M | 180M | 151M | 196M | 155M |
| ROIC | 4.9% | 5.5% | 5.4% | 5.3% | 7.1% | 10.2% |
| Gross Margin | - | 80.9% | 75.4% | 83.4% | 96.5% | 97.6% |
| Debt/Equity | 0.04 | 0.13 | 0.17 | 0.18 | 0.13 | 0.09 |
| Dividends/Share | $0.75 | $0.73 | $0.72 | $0.71 | $0.64 | $0.39 |
| Operating Income | 26M | 27M | 31M | 22M | 15M | 18M |
| Operating Margin | 3.9% | 2.9% | 3.8% | 2.9% | 3.4% | 5.1% |
| ROE | 5.1% | 5.7% | 5.6% | 5.6% | 7.3% | 10.2% |
| Shares Outstanding | 98M | 89M | 85M | 85M | 64M | 57M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 105M | 149M | 186M | 250M | 291M | 347M | 349M | 355M | 447M | 768M | 809M | 936M | 676M |
| Gross Margin | 91.6% | 93.6% | 94.1% | 91.6% | 85.7% | 83.5% | 93.0% | 97.6% | 96.5% | 83.4% | 75.4% | 80.9% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 93M | 104M | 131M | 150M | 162M | 161M | 186M | 197M | 268M | 396M | 343M | 415M | 387M |
| EBIT | 10M | 36M | 44M | 79M | 88M | 9.6M | 8.7M | 18M | 15M | 22M | 31M | 27M | 26M |
| Op. Margin | 9.7% | 23.9% | 23.7% | 31.7% | 30.0% | 2.8% | 2.5% | 5.1% | 3.4% | 2.9% | 3.8% | 2.9% | 3.9% |
| Net Income | 5.7M | 22M | 29M | 43M | 67M | 99M | 78M | 124M | 107M | 104M | 121M | 140M | 137M |
| Net Margin | 5.4% | 14.9% | 15.7% | 17.1% | 23.1% | 28.5% | 22.3% | 35.0% | 23.8% | 13.5% | 15.0% | 15.0% | 20.3% |
| Non-Recurring | -4.5M | -183K | -2.4M | -2.3M | -1.2M | -511K | -791K | -817K | -1.4M | -1.8M | -291K | -131K | -131K |
| Returns on Capital | |||||||||||||
| ROIC | 2.2% | 4.3% | 5.1% | 7.6% | 8.6% | 10.6% | 7.3% | 10.2% | 7.1% | 5.3% | 5.4% | 5.5% | 4.9% |
| ROE | 2.2% | 6.6% | 7.4% | 7.6% | 8.7% | 10.7% | 7.3% | 10.2% | 7.3% | 5.6% | 5.6% | 5.7% | 5.1% |
| ROA | 0.2% | 0.7% | 0.7% | 0.8% | 1.1% | 1.4% | 1.0% | 1.4% | 1.0% | 0.8% | 0.8% | 0.8% | 0.6% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 22M | 30M | 62M | 49M | 130M | 118M | 61M | 155M | 196M | 151M | 180M | 188M | 229M |
| Free Cash Flow | 22M | 30M | 62M | 49M | 130M | 118M | 61M | 155M | 196M | 151M | 180M | 188M | 0 |
| Owner Earnings | 16M | 21M | 50M | 35M | 111M | 98M | 41M | 135M | 169M | 100M | 134M | 136M | 127M |
| CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Maint. CapEx | 4.3M | 5.2M | 7.6M | 9.0M | 11M | 12M | 12M | 11M | 15M | 37M | 32M | 37M | 85M |
| Growth CapEx | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 |
| D&A | 4.3M | 5.2M | 7.6M | 9.0M | 11M | 12M | 12M | 11M | 15M | 37M | 32M | 37M | 85M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23M | 41M | 61M | 62M | 68M | 73M |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1.3% | 2.1% | 3.1% | 2.9% | 2.7% | 2.2% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11M | 880K | 0 | 10M |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.5% | 0.0% | N/A | 0.3% |
| Stock-Based Comp | 1.3M | 2.9M | 4.2M | 5.3M | 7.8M | 7.2M | 7.3M | 8.7M | 11M | 13M | 14M | 16M | 17M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | -792M | -561M | -645M | -848M | -602M | -996M | -1.7B | -623M | 3.9M | -67M | -92M | -23M | -656M |
| Cash & Equiv. | 101M | 136M | 110M | 110M | 116M | 125M | 404M | 738M | 202M | 447M | 477M | 389M | 769M |
| Long-Term Debt | 1.6M | 365M | 1.3M | 3.7M | 4.5M | 3.0M | N/A | N/A | 85M | 106M | 107M | 113M | 113M |
| Debt/Equity | 0.16 | 1.03 | 0.95 | 0.31 | 0.44 | 0.08 | 0.07 | 0.09 | 0.13 | 0.18 | 0.17 | 0.13 | 0.04 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.9 |
| Equity | 313M | 353M | 435M | 690M | 864M | 986M | 1.1B | 1.3B | 1.6B | 2.1B | 2.2B | 2.7B | 2.7B |
| Total Assets | 3.1B | 3.5B | 4.7B | 5.8B | 6.7B | 7.1B | 8.3B | 9.7B | 12.1B | 14.6B | 15.2B | 20.8B | 21.1B |
| Total Liabilities | 2.8B | 3.2B | 4.2B | 5.1B | 5.9B | 6.1B | 7.2B | 8.4B | 10.5B | 12.5B | 13.0B | 17.8B | 18.1B |
| Intangibles | 7.5M | 8.6M | 15M | 19M | 26M | 20M | 17M | 15M | 75M | 96M | 72M | 196M | 185M |
| Retained Earnings | -65M | -43M | -14M | 30M | 97M | 196M | 257M | 359M | 424M | 467M | 527M | 604M | 615M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 0.21 | 0.66 | 0.78 | 0.99 | 1.38 | 1.90 | 1.44 | 2.18 | 1.66 | 1.23 | 1.42 | 1.57 | 1.51 |
| Owner EPS | 0.60 | 0.64 | 1.34 | 0.80 | 2.28 | 1.89 | 0.77 | 2.37 | 2.64 | 1.18 | 1.57 | 1.52 | 1.30 |
| Book Value | 11.53 | 10.54 | 11.63 | 15.93 | 17.73 | 18.97 | 20.93 | 22.97 | 25.06 | 24.92 | 25.62 | 30.35 | 27.83 |
| Cash Flow/Share | 0.81 | 0.88 | 1.66 | 1.13 | 2.66 | 2.27 | 1.12 | 2.71 | 3.05 | 1.78 | 2.11 | 2.10 | 2.28 |
| Dividends/Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.39 | 0.64 | 0.71 | 0.72 | 0.73 | 0.75 |
| Shares Out. | 27.1M | 33.5M | 37.4M | 43.3M | 48.8M | 52.0M | 54.0M | 57.1M | 64.2M | 84.6M | 85.2M | 89.4M | 97.7M |
| Valuation | |||||||||||||
| P/E Ratio | 57.3 | 20.6 | 25.4 | 22.8 | 16.4 | 14.1 | 18.2 | 14.5 | 17.1 | 22.0 | 18.6 | 20.4 | 22.2 |
| P/FCF | 14.9 | 15.5 | 12.0 | 20.0 | 8.5 | 11.8 | 23.3 | 11.7 | 9.3 | 15.2 | 12.5 | 15.3 | N/A |
| EV/EBIT | N/A | N/A | 2.2 | 1.6 | N/A | N/A | N/A | N/A | 109.0 | 79.5 | 55.5 | 93.4 | 100.0 |
| Price/Book | 1.0 | 1.3 | 1.7 | 1.4 | 1.3 | 1.4 | 1.2 | 1.4 | 1.1 | 1.1 | 1.0 | 1.1 | 1.2 |
| Price/Sales | 2.6 | 2.9 | 3.0 | 3.6 | 4.2 | 3.6 | 3.1 | 4.9 | 4.4 | 2.5 | 2.6 | 2.7 | 4.8 |
| FCF Yield | 6.7% | 6.5% | 8.4% | 5.0% | 11.8% | 8.4% | 4.3% | 8.6% | 10.7% | 6.6% | 8.0% | 6.3% | N/A |
| Market Cap | 326M | 456M | 743M | 978M | 1.1B | 1.4B | 1.4B | 1.8B | 1.8B | 2.3B | 2.2B | 3.0B | 3.3B |
| Avg. Price | 9.99 | 12.98 | 14.66 | 20.98 | 25.20 | 23.76 | 19.71 | 30.73 | 30.46 | 22.81 | 24.59 | 27.63 | 33.49 |
| Year-End Price | 12.04 | 13.59 | 19.83 | 22.59 | 22.58 | 26.82 | 26.14 | 31.56 | 28.43 | 27.06 | 26.40 | 32.10 | 33.49 |
SEACOAST BANKING CORP OF FLORIDA passes 4 of 9 quality checks, suggesting mixed fundamentals.
SEACOAST BANKING CORP OF FLORIDA trades at 21.3x trailing earnings, compared to its 15-year median P/E of 18.4x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 16.4x vs a median of 12.2x. The company's 5-year average ROIC is 6.7% with a gross margin of 86.8%. Total shareholder yield (dividends + buybacks) is 2.5%. At current prices, the estimated annualized return to fair value is +0.9%.
SEACOAST BANKING CORP OF FLORIDA (SBCF) reported annual revenue of $936 million in its most recent fiscal year, based on SEC EDGAR filings.
SEACOAST BANKING CORP OF FLORIDA (SBCF) has a net profit margin of 15.0%. This is a healthy margin.
SEACOAST BANKING CORP OF FLORIDA (SBCF) generated $188 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
SEACOAST BANKING CORP OF FLORIDA (SBCF) has a debt-to-equity ratio of 0.13. This indicates a conservatively financed balance sheet.
SEACOAST BANKING CORP OF FLORIDA (SBCF) reported earnings per share (EPS) of $1.57 in its most recent fiscal year.
SEACOAST BANKING CORP OF FLORIDA (SBCF) has a return on equity (ROE) of 5.7%. This indicates moderate shareholder returns.
SEACOAST BANKING CORP OF FLORIDA (SBCF) has a 5-year average gross margin of 86.8%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 16 years of financial data for SEACOAST BANKING CORP OF FLORIDA (SBCF), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
SEACOAST BANKING CORP OF FLORIDA (SBCF) has a book value per share of $30.35, based on its most recent annual SEC filing.
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