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Seacoast Banking of Florida (Seacoast Banking of Florida) Effective Interest Rate on Debt % : 141.85% (As of Dec. 2023)


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What is Seacoast Banking of Florida Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Seacoast Banking of Florida's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $264.1 Mil. Seacoast Banking of Florida's average total debt for the quarter that ended in Dec. 2023 was $186.2 Mil. Therefore, Seacoast Banking of Florida's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 141.85%.


Seacoast Banking of Florida Effective Interest Rate on Debt % Historical Data

The historical data trend for Seacoast Banking of Florida's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Seacoast Banking of Florida Effective Interest Rate on Debt % Chart

Seacoast Banking of Florida Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.04 10.62 11.49 9.36 102.72

Seacoast Banking of Florida Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.32 29.60 50.02 100.46 141.85

Competitive Comparison of Seacoast Banking of Florida's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Seacoast Banking of Florida's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Seacoast Banking of Florida's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Seacoast Banking of Florida's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Seacoast Banking of Florida's Effective Interest Rate on Debt % falls into.



Seacoast Banking of Florida Effective Interest Rate on Debt % Calculation

Seacoast Banking of Florida's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -200.735/( (234.533+156.302)/ 2 )
=-1  *  -200.735/195.4175
=102.72 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=234.533 + 0
=234.533

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=156.302 + 0
=156.302

Seacoast Banking of Florida's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -264.144/( (216.136+156.302)/ 2 )
=-1  *  -264.144/186.219
=141.85 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=216.136 + 0
=216.136

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=156.302 + 0
=156.302

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Seacoast Banking of Florida  (NAS:SBCF) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Seacoast Banking of Florida Effective Interest Rate on Debt % Related Terms

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Seacoast Banking of Florida (Seacoast Banking of Florida) Business Description

Traded in Other Exchanges
N/A
Address
815 Colorado Avenue, Stuart, FL, USA, 34994
Seacoast Banking Corp of Florida is a holding company for Seacoast National Bank. The Company provides integrated financial services including commercial and consumer banking, wealth management, and mortgage and insurance services to customers across Florida, and through mobile and online banking solutions. In addition, it provides services such as treasury management, brokerage, and credit facilities.
Executives
Charles M Shaffer director, officer: Chairman, President & CEO C/O SEACOAST BANKING CORPORATION OF FL, 815 COLORADO AVE., P. O. BOX 9012, STUART FL 34995
Robert J Lipstein director 1661 WORTHINGTON ROAD, SUITE 100, WEST PALM BEACH FL 33409
Stallings James C Iii officer: EVP, Chief Credit Officer P.O. BOX 9012, STUART FL 34995
Jacqueline Lynette Bradley director 5336 ISLEWORTH COUNTRY CLUB DRIVE, WINDERMERE FL 34786
Maryann Goebel director 411 NORTH NEW RIVER DRIVE EAST, UNIT 2902, FORT LAUDERDALE FL 33301
Dennis J Arczynski director 5771 HAWKES BLUFF AVENUE, DAVIE FL 33331
Thomas E Rossin director C/O SEACOAST BANKING CORPORATION OF FL, P. O. BOX 9012, STUART FL 34995
Christopher E Fogal director 102 NE CHARLESTON OAK DRIVE, PORT ST. LUCIE FL 34983
Alvaro Monserrat director 2400 ACORN PALM ROAD, BOCA RATON FL 33432
Shearouse Joseph B Iii director P.O. BOX 9012, STUART FL 34995
Julie H Daum director 1000 PALM WAY, NORTH PALM BEACH FL 33408
Culbreth H Gilbert Jr director C/O SEACOAST BANKING CORPORATION OF FL, P. O. BOX 9012, STUART FL 34995
Austen Carroll officer: EVP, Chief Lending Officer P.O. BOX 9012, STUART FL 34995
Juliette Kleffel other: EVP of Subsidiary P.O. BOX 9012, STUART FL 34995
Hudson Dennis S Iii director, officer: President & CEO 815 COLORADO AVENUE, P O BOX 9012, STUART FL 34995-9012