The bank maintains a thin capital buffer with an equity-to-assets ratio of 0.14, which warrants caution given the significant exposure to concentrated Florida real estate assets.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Cash & Short Term Investments | 12.26B | 5.35B | 2.67B | 2.29B | 2.08B | 2.38B | 1.8B | 1.08B | 990.02M | 1.07B | 1.06B | 926.83M | 841.91M | 833.24M | 818.04M | 815.44M | 211.41M | 215.1M | 146.59M | 50.49M | 89.8M | 67.37M | 44.92M | 44.93M | 49.57M | 47.1M | 33.51M | 40M | 97.4M | 64.4M | 110M |
| Cash & Due from Banks | 201.31M | 181.43M | 479.82M | 453.04M | 205.18M | 737.73M | 404.84M | 128.27M | 124.19M | 122.06M | 109.64M | 136.07M | 100.54M | 191.62M | 174.99M | 167.08M | 211.41M | 215.1M | 146.59M | 50.49M | 89.8M | 67.37M | 44.92M | 44.93M | 49.57M | 47.1M | 33.51M | 40M | 97.4M | 64.4M | 110M |
| Short Term Investments | 0 | 5.16B | 2.19B | 1.84B | 1.87B | 1.64B | 1.4B | 946.86M | 865.83M | 949.46M | 950.5M | 790.77M | 741.38M | 641.61M | 643.05M | 648.36M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 18.74B | 5.16B | 13.04B | 12.43B | 10.65B | 8.16B | 7.29B | 6.43B | 6.06B | 5.21B | 4.22B | 3.17B | 2.78B | 1.94B | 1.9B | 1.86B | 1.68B | 1.78B | 2B | 2.17B | 2.19B | 1.83B | 1.49B | 1.28B | 1.2B | 1.1B | 1.04B | 985.9M | 966.7M | 849.1M | 799.6M |
| Investments Growth % | 2.7% | -60.4% | 4.87% | 16.72% | 30.61% | 11.82% | 13.5% | 6.04% | 16.38% | 23.47% | 32.86% | 14.06% | 43.5% | 2.25% | 2.11% | 10.75% | -5.84% | -10.72% | -7.92% | -0.84% | 19.65% | 22.66% | 16.37% | 6.57% | 8.81% | 5.7% | 5.9% | 1.99% | 13.85% | 6.19% | 27.2% |
| Long-Term Investments | 41.29B | 0 | 10.85B | 10.6B | 8.78B | 6.51B | 5.9B | 5.48B | 5.2B | 4.26B | 3.27B | 2.38B | 2.04B | 1.3B | 1.25B | 1.21B | 1.68B | 1.78B | 2B | 2.17B | 2.18B | 1.84B | 1.5B | 1.28B | 1.2B | 1.11B | 1.05B | 992.8M | 966.7M | 849.1M | 799.6M |
| Accounts Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill & Intangibles | 1.22B | 1.23B | 804.14M | 828.06M | 551.6M | 267M | 237.92M | 225.35M | 230.73M | 166.68M | 79.22M | 33.8M | 32.76M | 718K | 1.5M | 2.29M | 3.14M | 4.12M | 55.19M | 56.45M | 57.3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 1.03B | 1.03B | 732.42M | 732.42M | 480.32M | 252.15M | 221.18M | 205.29M | 204.75M | 147.58M | 64.65M | 25.21M | 25.31M | 0 | 0 | 0 | 0 | 0 | 49.81M | 49.81M | 49.4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 184.98M | 195.7M | 71.72M | 95.64M | 71.28M | 14.85M | 16.75M | 20.07M | 25.98M | 19.1M | 14.57M | 8.59M | 7.45M | 718K | 1.5M | 2.29M | 3.14M | 4.12M | 5.38M | 6.64M | 7.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 159.37M | 160.14M | 107.56M | 113.3M | 116.89M | 72.4M | 75.12M | 66.61M | 71.02M | 66.88M | 58.68M | 54.58M | 45.09M | 34.51M | 34.47M | 34.23M | 36.05M | 38.93M | 44.12M | 40.93M | 37.07M | 22.22M | 18.96M | 16.85M | 16.05M | 15.36M | 16.63M | 16.6M | 17.8M | 18.3M | 17.2M |
| Other Assets | 763.85M | 0 | 640.85M | 641.82M | 524.5M | 420.52M | 306.74M | 280.31M | 264.31M | 248.21M | 178.1M | 94.56M | 81.98M | 102.51M | 66.11M | 76.14M | 88.41M | 111.7M | 73.13M | 105.04M | 37.24M | 182.23M | 62.94M | 18.92M | 22.07M | 57.14M | 53.88M | 34.5M | 12M | 11.4M | 11.5M |
| Total Current Assets | 201.31M | 5.35B | 2.67B | 2.29B | 2.08B | 2.38B | 1.8B | 1.08B | 990.02M | 1.07B | 1.06B | 926.83M | 841.91M | 833.24M | 818.04M | 815.44M | 211.41M | 215.1M | 146.59M | 50.49M | 89.8M | 67.37M | 44.92M | 44.93M | 49.57M | 47.1M | 33.51M | 40M | 97.4M | 64.4M | 110M |
| Total Non-Current Assets | 20.94B | 1.46B | 12.5B | 12.29B | 10.07B | 7.3B | 6.54B | 6.03B | 5.76B | 4.74B | 3.62B | 2.61B | 2.25B | 1.44B | 1.36B | 1.32B | 1.8B | 1.94B | 2.16B | 2.37B | 2.3B | 2.06B | 1.57B | 1.31B | 1.23B | 1.18B | 1.12B | 1.04B | 994.8M | 878.6M | 828.5M |
| Total Assets | 21.15B | 20.84B | 15.18B | 14.58B | 12.15B | 9.68B | 8.34B | 7.11B | 6.75B | 5.81B | 4.68B | 3.53B | 3.09B | 2.27B | 2.17B | 2.14B | 2.02B | 2.15B | 2.31B | 2.42B | 2.39B | 2.13B | 1.62B | 1.35B | 1.28B | 1.23B | 1.15B | 1.08B | 1.09B | 943M | 938.5M |
| Asset Growth % | 88.32% | 37.33% | 4.09% | 20.04% | 25.45% | 16.05% | 17.36% | 5.35% | 16.14% | 24.12% | 32.42% | 14.27% | 36.33% | 4.37% | 1.71% | 6% | -6.27% | -7.05% | -4.36% | 1.27% | 12.07% | 31.95% | 19.36% | 5.66% | 4.51% | 6.48% | 6.51% | -1.03% | 15.82% | 0.48% | 21.68% |
| Return on Assets (ROA) | 0.78% | 0.8% | 0.81% | 0.78% | 0.98% | 1.38% | 1.01% | 1.43% | 1.07% | 0.82% | 0.71% | 0.67% | 0.21% | 2.34% | -0.03% | 0.32% | -1.59% | -6.57% | -1.93% | 0.41% | 1.06% | 1.11% | 1% | 1.06% | 1.22% | 1.19% | 1.08% | 1.08% | 0.94% | 0.79% | 1.03% |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Debt | 1.27B | 1.34B | 584.04M | 530.88M | 406.56M | 193.21M | 190.97M | 472.21M | 665.13M | 497.62M | 689.44M | 291.97M | 348.22M | 254.92M | 240.41M | 239.86M | 201.82M | 209.28M | 276.41M | 206.74M | 274.24M | 183.51M | 126.83M | 114.16M | 142.97M | 111.7M | 105.02M | 92M | 102.8M | 52.1M | 45.1M |
| Net Debt | 1.06B | 1.16B | 104.22M | 77.84M | 201.39M | -544.52M | -213.86M | 343.93M | 540.93M | 375.56M | 579.8M | 155.9M | 247.68M | 63.3M | 65.43M | 72.78M | -9.58M | -5.82M | 129.82M | 156.25M | 184.43M | 116.14M | 81.91M | 69.23M | 93.4M | 64.6M | 71.52M | 52M | 5.4M | -12.3M | -64.9M |
| Long-Term Debt | 887.84M | 947.76M | 351.97M | 156.3M | 234.53M | 71.65M | 71.36M | 386.08M | 450.8M | 281.52M | 485.24M | 119.96M | 114.58M | 103.61M | 103.61M | 103.61M | 103.61M | 103.61M | 118.91M | 118.64M | 67.76M | 86.72M | 39.91M | 40M | 40M | 40M | 40M | 25M | 25M | 0 | 0 |
| Short-Term Debt | 377.46M | 389M | 232.07M | 374.57M | 172.03M | 121.56M | 119.61M | 86.12M | 214.32M | 216.09M | 204.2M | 172M | 233.64M | 151.31M | 136.8M | 136.25M | 98.21M | 105.67M | 157.5M | 88.1M | 206.48M | 96.79M | 86.92M | 74.16M | 102.97M | 71.7M | 65.02M | 67M | 77.8M | 52.1M | 45.1M |
| Other Liabilities | 16.82B | -947.76M | 166.6M | 164.35M | 149.83M | 109.9M | 88.45M | 65.91M | 41.02M | 30.13M | 32.85M | 44.97M | 15.93M | 9.37M | 9.01M | 8.7M | 11.03M | 10.66M | 11.59M | 11.42M | 11.76M | 11.73M | 8.37M | 5.94M | 7.04M | 5.59M | 5M | 6M | 5.8M | 3.7M | 4.9M |
| Total Current Liabilities | 377.46M | 13.42B | 12.47B | 12.15B | 10.15B | 8.19B | 7.05B | 5.67B | 5.39B | 4.81B | 3.73B | 3.02B | 2.65B | 1.96B | 1.9B | 1.85B | 1.74B | 1.89B | 1.97B | 2.08B | 2.1B | 1.88B | 1.46B | 1.2B | 1.13B | 1.09B | 1.02B | 972.9M | 983M | 858.2M | 856.6M |
| Total Non-Current Liabilities | 17.71B | 0 | 518.57M | 320.65M | 384.36M | 181.54M | 159.82M | 452M | 491.83M | 311.65M | 518.09M | 164.94M | 130.51M | 112.98M | 112.62M | 112.31M | 114.64M | 114.27M | 130.5M | 130.06M | 79.52M | 98.45M | 48.28M | 45.94M | 47.04M | 45.59M | 45M | 31M | 30.8M | 3.7M | 4.9M |
| Total Liabilities | 18.08B | 17.79B | 12.99B | 12.47B | 10.54B | 8.37B | 7.21B | 6.12B | 5.88B | 5.12B | 4.25B | 3.18B | 2.78B | 2.07B | 2.01B | 1.97B | 1.85B | 2B | 2.1B | 2.21B | 2.18B | 1.98B | 1.51B | 1.25B | 1.18B | 1.13B | 1.07B | 1B | 1.01B | 861.9M | 861.5M |
| Total Equity | 3.06B | 3.06B | 2.18B | 2.11B | 1.61B | 1.31B | 1.13B | 985.64M | 864.27M | 689.66M | 435.4M | 353.45M | 312.65M | 198.6M | 165.55M | 170.08M | 166.3M | 151.94M | 216M | 214.38M | 212.43M | 152.72M | 108.21M | 104.08M | 100.75M | 93.52M | 84.26M | 77.1M | 78.4M | 81.1M | 77M |
| Equity Growth % | 92.26% | 39.97% | 3.57% | 31.12% | 22.66% | 15.95% | 14.69% | 14.04% | 25.32% | 58.4% | 23.18% | 13.05% | 57.42% | 19.97% | -2.66% | 2.27% | 9.45% | -29.66% | 0.76% | 0.92% | 39.09% | 41.13% | 3.97% | 3.31% | 7.73% | 10.98% | 9.29% | -1.66% | -3.33% | 5.32% | 23.79% |
| Equity / Assets (Capital Ratio) | 14.48% | 14.66% | 14.39% | 14.46% | 13.24% | 13.54% | 13.55% | 13.87% | 12.81% | 11.87% | 9.3% | 10% | 10.11% | 8.75% | 7.62% | 7.96% | 8.25% | 7.06% | 9.33% | 8.86% | 8.89% | 7.16% | 6.7% | 7.69% | 7.86% | 7.63% | 7.32% | 7.13% | 7.18% | 8.6% | 8.2% |
| Return on Equity (ROE) | 5.4% | 5.53% | 5.64% | 5.6% | 7.3% | 10.19% | 7.35% | 10.67% | 8.66% | 7.62% | 7.4% | 6.65% | 2.23% | 28.55% | -0.42% | 3.96% | -20.87% | -79.73% | -21.19% | 4.58% | 13.07% | 15.91% | 14.06% | 13.69% | 15.74% | 15.9% | 14.98% | 15.05% | 12.04% | 9.36% | 12.64% |
| Book Value per Share | 28.06 | 33.24 | 25.67 | 25.00 | 25.02 | 22.96 | 20.96 | 18.94 | 17.73 | 15.91 | 11.61 | 10.47 | 11.28 | 10.11 | 8.76 | 9.07 | 10.86 | 23.94 | 56.84 | 55.94 | 56.89 | 45.59 | 34.36 | 33.22 | 29.13 | 29.68 | 26.51 | 23.80 | 22.88 | 23.87 | 27.40 |
| Tangible BV per Share | 16.87 | 19.85 | 16.22 | 15.18 | 16.43 | 18.28 | 16.55 | 14.61 | 13.00 | 12.06 | 9.50 | 9.47 | 10.10 | 10.07 | 8.68 | 8.94 | 10.66 | 23.29 | 42.32 | 41.21 | 41.54 | 45.59 | 34.36 | 33.22 | 29.13 | 29.68 | 26.51 | 23.80 | 22.88 | 23.87 | 27.40 |
| Common Stock | 9.88M | 9.87M | 8.63M | 8.49M | 7.16M | 5.85M | 5.52M | 5.15M | 5.14M | 4.69M | 3.8M | 3.44M | 3.3M | 2.36M | 1.9M | 9.47M | 12.47M | 9.01M | 8.17M | 1.92M | 1.9M | 1.71M | 1.71M | 1.71M | 1.55M | 518K | 518K | 500K | 0 | 0 | 0 |
| Additional Paid-in Capital | 2.2B | 2.2B | 1.82B | 1.81B | 1.38B | 963.85M | 856.09M | 786.24M | 778.5M | 661.63M | 454M | 399.16M | 379.25M | 277.29M | 230.44M | 218.93M | 218.4M | 174.97M | 93.54M | 90.92M | 88.38M | 46.12M | 26.95M | 26.91M | 26.99M | 27.92M | 27.83M | 27.8M | 0 | 0 | 0 |
| Retained Earnings | 614.85M | 603.79M | 526.64M | 467.31M | 423.86M | 358.6M | 256.7M | 195.81M | 97.07M | 29.91M | -13.66M | -42.86M | -65M | -70.69M | -118.61M | -114.15M | -112.65M | -78.2M | 70.28M | 122.4M | 124.81M | 112.41M | 101.5M | 95.34M | 89.96M | 80.89M | 72.56M | 66.2M | 59.7M | 55.2M | 52.1M |
| Accumulated OCI | -78.59M | -77.19M | -157.87M | -159.88M | -188.03M | -6.99M | 20.37M | 4.46M | -13.06M | -4.22M | -7.51M | -6.21M | -4.83M | -10.34M | 3.14M | 5.23M | 1.83M | 2.01M | 2.06M | 334K | -2.35M | -7.3M | -5.78M | -4.52M | 816K | 1.43M | -2.18M | -5.7M | 0 | 0 | 0 |
| Treasury Stock | -31.37M | -21.36M | -19.09M | -16.71M | -13.02M | -10.57M | -8.29M | -6.03M | -3.38M | -2.36M | -1.24M | -73K | -71K | -11K | -62K | -13K | -1K | -855K | -1.84M | -1.19M | -310K | -218K | -16.17M | -15.35M | -18.58M | -17.24M | -14.47M | -11.6M | 0 | 0 | 0 |
| Preferred Stock | 343.13M | 343.13M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 48.75M | 47.5M | 46.25M | 45M | 43.79M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Florida CRE concentration risk
According to recent financial disclosures, Seacoast Banking Corporation's total assets grew from $14.6 billion in 2023Q4 to $21.1 billion by 2026Q1, a trajectory that appears heavily driven by aggressive acquisition activity rather than organic loan book expansion within its core Florida markets.
The rapid asset inflation suggests that management is prioritizing market share acquisition to achieve scale, yet this strategy may be masking underlying organic stagnation. Investors should monitor whether this growth trajectory can be sustained without further dilutive capital raises or integration-related margin compression.
As reported in financial statements, the equity-to-assets ratio has remained consistently low at approximately 0.14 over the last ten quarters, indicating that the bank is operating with a relatively thin capital buffer to absorb potential shocks in its concentrated Florida real estate portfolio.
This leverage profile suggests that the bank has limited room for error if credit conditions in the Florida commercial real estate sector deteriorate. The stability of this ratio despite significant asset growth implies that the bank is effectively leveraging its capital base to the maximum extent permitted by regulatory constraints.
Based on the provided balance sheet data, the investment securities portfolio fluctuated from $12.4 billion in 2023Q4 to a peak of $18.7 billion in 2026Q1, reflecting an active liquidity management strategy that appears to be compensating for inconsistent core deposit growth.
The significant swings in the securities portfolio suggest that the bank is utilizing its investment book as a primary liquidity buffer, which may expose the institution to duration risk and unrealized loss volatility. This reliance on securities to manage liquidity warrants further investigation into the bank's sensitivity to interest rate shifts.
Data from the most recent financial disclosures reveal that the bank's balance sheet is almost entirely tethered to the Florida economy, with nearly 100% of operations concentrated in a single state, creating a unique vulnerability to localized economic shocks or severe weather events.
While this geographic focus provides a competitive moat in the Treasure Coast, it simultaneously removes the diversification benefits that typically protect regional banks from localized downturns. The lack of geographic dispersion suggests that the bank's balance sheet health is essentially a proxy for the long-term viability of the Florida real estate market.
Quick answers to the most common questions about buying SBCF stock.
As of 2025, Seacoast Banking Corporation of Florida (SBCF) had total assets of $20.84B including $5.35B in current assets.
Seacoast Banking Corporation of Florida (SBCF) carries total debt of $1.34B. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Seacoast Banking Corporation of Florida (SBCF) has total shareholders' equity (book value) of $3.06B ($33.24 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Seacoast Banking Corporation of Florida (SBCF) reported a current ratio of 0.40x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.