sbcf: the income statement

MyFinsight

SEACOAST BANKING CORP OF FLORIDA (SBCF)

For the quarter ending 2025-06-30, SBCF made $217,868K in revenue. $42,687K in net income. Net profit margin of 19.59%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

	2025-06-30
Income tax expense	12,589
Securities gains (losses), net	39
Other	7,497
Wealth management income	4,196
Insurance agency income	1,289
Mortgage banking fees	685
Boli income	3,380
Service charges on deposit accounts	5,540
Interchange income	1,895
Noninterest income, excluding securities gains (losses)	24,482
Total noninterest income	24,521
Salaries and wages	44,438
Legal and professional fees	2,071
Other	6,205
Employee benefits	8,106
Provision for credit losses on unfunded commitments	150
Occupancy	7,483
Marketing	2,958
Outsourced data processing costs	8,525
Oreo expense and net loss (gain) on sale	-8
Merger-related charges	2,422
Amortization of intangibles	5,131
Furniture and equipment	2,125
Fdic assessments	2,108
Total noninterest expense	91,730
Interest on time certificates	15,120
Interest on deposits	40,633
Interest on borrowed money	10,730
Total interest expense	66,483
Interest and fees on loans	157,075
Interest and dividends on securities	32,512
Interest on interest bearing deposits and other investments	3,760
Total interest income	193,347
Net interest income	126,864
Provision for credit losses	4,379
Net interest income after provision for credit losses	122,485
Income before income taxes	55,276
Net income	42,687

Basic (in dollars per share)	0.5
Basic (in shares)	84,903,000
Diluted (in dollars per share)	0.5
Diluted (in shares)	85,479,000

Unit: Thousand (K) dollars (except for numbers of shares and EPS)