Seacoast Banking Corporation of Florida SBCF Bank Owned Life Insurance

Bank Owned Life Insurance at other companies

Independent Bank CorpINDB

$381.23M+25.0%

First Seacoast BancorpFSEA

$4.92M+2.2%

Lakeland FinancialLKFN

$132.37M+3.9%

SouthStateSSB

$1.31B+2.4%

Stock Yards BancorpSYBT

$92.52M+2.8%

Center BancorpCNOB

$373.66M+52.7%

FAQ

What is Seacoast Banking Corporation of Florida's bank owned life insurance?

Seacoast Banking Corporation of Florida (SBCF) reported bank owned life insurance of $335.78M in Q2 2026.

How has Seacoast Banking Corporation of Florida's bank owned life insurance changed year-over-year?

Seacoast Banking Corporation of Florida's bank owned life insurance increased by 7.3% year-over-year, from $312.86M to $335.78M.

What is the long-term trend for Seacoast Banking Corporation of Florida's bank owned life insurance?

Over 5 years (2020 to 2025), Seacoast Banking Corporation of Florida's bank owned life insurance has grown at a 20.2% compound annual growth rate (CAGR), from $131.78M to $330.56M.

What does bank owned life insurance mean?

This represents the cash surrender value of life insurance policies purchased by the bank on the lives of key employees or officers. It serves as a tax-advantaged investment vehicle to offset the costs of employee benefit plans. The growth of this asset provides a stable, long-term source of non-interest income.