Seacoast Bank - Home Page

Financial Highlights and Ratios

Financial Highlights
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
2014 FY
12/31/2014
2013 FY
12/31/2013
Balance Sheet ($000)
Total Assets 5,810,129 4,680,932 3,534,780 3,093,335 2,268,940
Total Net Loans 3,814,561 2,871,468 2,161,200 1,816,892 1,297,971
Total Deposits 4,592,720 3,523,245 2,844,387 2,416,534 1,806,045
Equity Attributable to Parent Company 689,664 435,397 353,453 312,651 198,604
Total Equity 689,664 435,397 353,453 312,651 198,604
Profitability (%)
Net Income($000) 42,865 29,202 22,141 5,696 51,989
Net Income Attributable to Parent($000) 42,865 29,202 22,141 5,696 51,989
ROAA 0.82 0.69 0.67 0.23 2.38
Core ROAA 0.89 0.94 0.78 0.52 2.39
ROAE 7.51 7.06 6.56 2.22 28.36
ROATCE 9.77 8.98 7.58 2.52 36.07
Core ROAE 8.17 9.54 7.65 5.07 28.49
Net Interest Margin 3.73 3.64 3.64 3.25 3.15
Reported: Net Interest Margin 3.73 3.63 3.64 3.25 3.15
Efficiency Ratio 58.88 64.65 68.54 81.34 81.42
Noninterest Inc/Operating Rev 19.69 20.94 22.63 24.83 27.16
Balance Sheet Ratios (%)
Loans/Deposits 83.12 81.73 75.81 75.39 72.21
Securities/Assets 24.49 29.40 28.66 31.28 28.89
Total Equity/Total Assets 11.87 9.30 10 10.11 8.75
Tangible Equity/Tangible Assets 9.27 7.74 9.13 9.14 8.72
Tang Common Equity/Tang Assets 9.27 7.74 9.13 9.14 8.72
Asset Quality (%)
NPAs/Assets 0.74 0.98 1.26 1.74 2.66
NPA Excl Restructured/Assets 0.47 0.60 0.69 0.92 1.52
NPAs & 90+ PD/Assets 0.74 0.98 1.26 1.75 2.67
NPAs/Loans & REO 1.11 1.57 2.04 2.92 4.56
Nonaccrual & 90+ & OREO/Assets 0.47 0.60 0.69 0.93 1.53
NPAs & 90+ PD/Loans & REO 1.11 1.57 2.04 2.94 4.57
NPA & Loans 90+/Tangible Common Equity + LLR 7.77 12.05 13.17 18.23 27.78
NCOs/Avg Loans 0.06 (0.07) 0.03 (0.03) 0.41
Loan Loss Reserves/Gross Loans 0.71 0.81 0.88 0.93 1.52
Reserves/NPAs 63.48 51.17 42.88 31.71 33.23
Loan Loss Provision/NCO 293.25 NM 450.43 NM 61.03
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 523,832 351,769 317,004 243,126 158,433
Tier 1 Capital($000) 592,562 408,596 363,873 305,665 210,433
Tier 2 Capital($000) 27,184 23,462 19,166 NA NA
Total Capital($000) 619,746 432,058 383,039 322,765 227,310
Total Risk-weighted Assets($000) 4,352,390 3,259,871 2,392,668 1,986,291 1,346,957
Tier 1 Common Capital (CET1) Ratio(%) 12.04 10.79 13.25 12.24 11.76
Tier 1 Ratio(%) 13.61 12.53 15.21 15.39 15.62
Total Capital Ratio(%) 14.24 13.25 16.01 16.25 16.88
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 10.68 9.15 10.70 10.32 9.59
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 46,917,735 38,021,835 34,351,409 33,136,592 23,637,434
Avg Diluted Shares(actual) 43,350,314 37,508,046 33,744,171 27,716,895 19,650,005
Basic Book Value per Share 14.70 11.45 10.29 9.44 8.40
As-reported Book Value per Share 14.70 11.45 10.29 9.44 8.40
Basic Tangible Book Value per Share 11.15 9.37 9.31 8.45 8.37
Reported: Tangible Book Value 11.15 9.37 9.31 8.45 8.37
Common Dividends Declared per Share 0 0 0 0 0
EPS after Extra 0.99 0.78 0.66 0.21 2.44
EPS after Extra Growth(%) 26.90 18.20 214.30 (91.40) NM
Core EPS 1.08 1.05 0.77 0.48 2.47
Core EPS Growth(%) 2 37.10 60.20 (80.50) NM
Diluted EPS before Amortization 1.07 0.85 0.70 0.25 2.48
Pre-Provision Earnings per Share 1.31 1.04 0.82 0.41 0.28
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.