Interest Rate Risk - Seacoast Banking Corporation of Florida's projected baseline net interest income is expected to decrease by 16.6% over the next 12 months if interest rates increase by 3.00%[340]. - The company's interest sensitivity gap is reported at 4,111,526,indicatingasignificantexposuretointerestratefluctuations[345].−A3.00115,804,000, an increase from 110,819,000inQ42023,reflectingayear−over−yeargrowthofapproximately4.417,068,000, compared to 17,338,000inQ42023,indicatingaslightdecreaseofabout1.634,085,000, up from 29,543,000inQ42023,representinganincreaseofapproximately15.83,699,000, compared to 3,990,000inQ42023,showingadecreaseofabout7.3185,930,000, compared to 176,855,000inQ42023,markinganincreaseofabout5.970,126,000, up from 66,036,000inQ42023,indicatinganincreaseofapproximately6.40.40, compared to 0.35inQ42023,representinganincreaseofapproximately14.30.18 per common share for each quarter in 2024, consistent with the dividend declared in 2023[359]. - The market price of common stock reached a high close of 30.71inQ42024,comparedtoahighcloseof27.01 in Q4 2023, reflecting an increase of approximately 13.3%[359]. - The cumulative total stockholder return on Seacoast common stock was 98.54 as of December 31, 2024, compared to 99.02 in 2023, indicating a slight decline of about 0.5%[356]. Regulatory and Market Concerns - The company anticipates a potential increase in regulatory capital requirements, which may impact future growth plans[22]. - Seacoast's ability to manage liquidity risk is critical, especially in light of recent high-profile bank failures affecting customer confidence[21]. - The impact of inflationary pressures and changes in interest rates on customer behavior and credit risk is a significant concern for the company[21]. - The company holds 10,317,227inloans,withasignificantportionconcentratedincommercialrealestate[345].−Totalearningassetsamountto13,585,618, with non-maturity deposits constituting $7,274,182[345].
Seacoast Banking of Florida(SBCF)2025-02-25 22:07