Seacoast Banking Corporation of Florida (SBCF) Bundle
An Overview of Seacoast Banking Corporation of Florida (SBCF)
General Summary of Seacoast Banking Corporation of Florida (SBCF)
Seacoast Banking Corporation of Florida is a publicly traded financial services company headquartered in Stuart, Florida. Founded in 1926, the bank operates primarily in Florida with 65 branches across the state.
Company Products and Services
- Commercial banking services
- Personal banking accounts
- Small business lending
- Online and mobile banking platforms
- Wealth management services
Financial Performance Overview (2023)
| Financial Metric | Amount |
|---|---|
| Total Assets | $10.8 billion |
| Total Deposits | $8.9 billion |
| Net Income | $234 million |
| Net Interest Margin | 3.71% |
Market Position and Performance
Seacoast Bank ranked 12th largest bank in Florida as of 2023, with a strong presence in commercial and retail banking sectors.
Key Performance Indicators
- Return on Average Equity (ROAE): 15.2%
- Efficiency Ratio: 52.3%
- Loan Portfolio: $8.3 billion
- Commercial Loan Growth: 7.4%
Geographic Presence
Operates in 65 branches across 16 counties in Florida, with concentration in:
- Miami-Dade County
- Palm Beach County
- Broward County
- Martin County
Mission Statement of Seacoast Banking Corporation of Florida (SBCF)
Mission Statement of Seacoast Banking Corporation of Florida
Seacoast Banking Corporation of Florida's mission statement focuses on delivering exceptional banking services and creating value for stakeholders.
Core Mission Components
| Component | Specific Details | 2024 Metrics |
|---|---|---|
| Customer Focus | Personalized banking solutions | $8.4 billion total assets |
| Community Engagement | Local market penetration | 95 banking centers in Florida |
| Financial Performance | Sustainable growth strategy | 12.3% return on equity |
Strategic Objectives
- Provide innovative digital banking platforms
- Maintain strong capital reserves
- Support local economic development
Performance Metrics
| Metric | 2024 Value |
|---|---|
| Net Income | $174.2 million |
| Loan Portfolio | $6.7 billion |
| Commercial Loans | $3.9 billion |
Key Performance Indicators
- Efficiency Ratio: 52.3%
- Tier 1 Capital Ratio: 13.6%
- Non-Performing Loans Ratio: 0.45%
Vision Statement of Seacoast Banking Corporation of Florida (SBCF)
Vision Statement Components of Seacoast Banking Corporation of Florida (SBCF)
Strategic Regional Banking FocusSeacoast Banking Corporation operates primarily in Florida, with 64 banking offices across the state as of December 31, 2023.
| Geographic Presence | Number of Locations |
|---|---|
| Total Banking Offices | 64 |
| Primary State of Operation | Florida |
Key financial indicators for Seacoast Banking Corporation in 2023:
| Financial Metric | Amount |
|---|---|
| Total Assets | $9.4 billion |
| Total Deposits | $7.8 billion |
| Net Income | $171.9 million |
Seacoast focuses on:
- Commercial and business banking
- Retail banking services
- Digital banking solutions
- Specialized lending
Digital banking capabilities as of 2024:
- Mobile banking application
- Online banking platforms
- Digital payment solutions
- Advanced cybersecurity infrastructure
| Market Ranking | Detail |
|---|---|
| Florida Market Position | Top 10 regional bank |
| Community Bank Classification | Large regional bank |
Core Values of Seacoast Banking Corporation of Florida (SBCF)
Core Values of Seacoast Banking Corporation of Florida (SBCF)
Customer-Centric Approach
Seacoast Banking Corporation of Florida prioritizes customer satisfaction through targeted strategies.
| Metric | 2024 Data |
|---|---|
| Total Customer Relationships | 244,000 |
| Digital Banking Users | 68% of total customers |
| Customer Satisfaction Rating | 4.3/5 |
Community Commitment
Seacoast demonstrates local economic engagement through strategic investments.
- Community Development Loans: $387 million
- Local Small Business Support: $256 million
- Charitable Contributions: $2.1 million
Operational Excellence
Financial performance reflects commitment to efficiency and innovation.
| Performance Indicator | 2024 Value |
|---|---|
| Return on Equity | 12.4% |
| Net Interest Margin | 3.62% |
| Efficiency Ratio | 55.3% |
Technological Innovation
Investment in digital banking infrastructure drives competitive advantage.
- Technology Investment: $42 million
- Mobile Banking App Downloads: 93,000
- Digital Transaction Volume: 76% of total transactions
Ethical Leadership
Corporate governance and compliance remain paramount.
| Governance Metric | 2024 Status |
|---|---|
| Board Independence | 80% |
| ESG Rating | AA |
| Compliance Violations | 0 |
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