Seacoast Bank - Home Page

Financial Highlights and Ratios

Financial Highlights
2019 FQ2 YTD
6/30/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
Balance Sheet ($000)
Total Assets 6,824,886 6,747,659 5,810,129 4,680,932 3,534,780
Total Net Loans 4,872,147 4,804,664 3,814,561 2,871,468 2,161,200
Total Deposits 5,541,209 5,177,240 4,592,720 3,523,245 2,844,387
Equity Attributable to Parent Company 930,239 864,267 689,664 435,397 353,453
Total Equity 930,239 864,267 689,664 435,397 353,453
Profitability (%)
Net Income($000) 45,958 67,275 42,865 29,202 22,141
Net Income Attributable to Parent($000) 45,958 67,275 42,865 29,202 22,141
ROAA 1.36 1.11 0.82 0.69 0.67
Core ROAA 1.49 1.31 1.06 0.94 0.78
ROAE 10.26 9.08 7.51 7.06 6.56
ROATCE 14.49 12.48 9.77 8.98 7.58
Core ROAE 11.22 10.67 9.67 9.54 7.65
Net Interest Margin 3.95 3.85 3.73 3.64 3.64
Reported: Net Interest Margin 3.98 3.85 3.73 3.63 3.64
Efficiency Ratio 53.75 56.35 58.88 64.65 68.54
Noninterest Inc/Operating Rev 18.19 19.23 19.69 20.94 22.63
Balance Sheet Ratios (%)
Loans/Deposits 88.21 93.20 83.12 81.73 75.81
Securities/Assets 18.51 19.14 24.49 29.40 28.66
Total Equity/Total Assets 13.63 12.81 11.87 9.30 10
Tangible Equity/Tangible Assets 10.65 9.72 9.27 7.74 9.13
Tang Common Equity/Tang Assets 10.65 9.72 9.27 7.74 9.13
Asset Quality (%)
NPAs/Assets 0.71 0.78 0.74 0.98 1.26
NPA Excl Restructured/Assets 0.50 0.58 0.47 0.60 0.69
NPAs & 90+ PD/Assets 0.71 0.79 0.74 0.98 1.26
NPAs/Loans & REO 0.98 1.09 1.11 1.57 2.04
Nonaccrual & 90+ & OREO/Assets 0.50 0.59 0.47 0.60 0.69
NPAs & 90+ PD/Loans & REO 0.99 1.10 1.11 1.57 2.04
NPA & Loans 90+/Tangible Common Equity + LLR 6.60 7.98 7.77 12.05 13.17
NCOs/Avg Loans 0.12 0.16 0.06 (0.07) 0.03
Loan Loss Reserves/Gross Loans 0.68 0.67 0.71 0.81 0.88
Reserves/NPAs 69.26 61.61 63.48 51.17 42.88
Loan Loss Provision/NCO 137.75 182.45 293.25 NM 450.43
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 694,738 641,340 523,832 351,769 317,004
Tier 1 Capital($000) 765,682 712,144 592,562 408,596 363,873
Tier 2 Capital($000) 33,645 32,543 27,184 23,462 19,166
Total Capital($000) 799,327 744,687 619,746 432,058 383,039
Total Risk-weighted Assets($000) 5,226,540 5,159,431 4,352,390 3,259,871 2,392,668
Tier 1 Common Capital (CET1) Ratio(%) 13.29 12.43 12.04 10.79 13.25
Tier 1 Ratio(%) 14.65 13.80 13.61 12.53 15.21
Total Capital Ratio(%) 15.29 14.43 14.24 13.25 16.01
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 11.77 11.16 10.68 9.15 10.70
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 51,460,617 51,361,079 46,917,735 38,021,835 34,351,409
Avg Diluted Shares(actual) 51,998,000 48,748,000 43,350,314 37,508,046 33,744,171
Basic Book Value per Share 18.08 16.83 14.70 11.45 10.29
Book Value per Share, As Reported 18.08 16.83 14.70 11.45 10.29
Basic Tangible Book Value per Share 13.65 12.33 11.15 9.37 9.31
Tangible Book Value per Share, As Reported 13.65 12.33 11.15 9.37 9.31
Common Dividends Declared per Share 0 0 0 0 0
EPS after Extra 0.88 1.38 0.99 0.78 0.66
EPS after Extra Growth(%) 20.50 39.40 26.90 18.20 214.30
Core EPS 0.96 1.62 1.27 1.05 0.77
Core EPS Growth(%) 22.70 27.40 20.70 37.10 60.20
Diluted EPS before Amortization 0.94 1.47 1.07 0.85 0.70
Pre-Provision Earnings per Share 0.99 1.78 1.31 1.04 0.82
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.