secwatch.observer — SEC 8-K summary
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Issuer:     SEACOAST BANKING CORP OF FLORIDA (SBCF)
CIK:        0000730708
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0000730708-22-000063
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Seacoast Q3 2022 net income $29.2M ($0.47 EPS); NIM expands 29 bps to 3.67%
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- Net income $29.2M ($0.47 diluted EPS), down 11% QoQ on higher provision and Hurricane Ian impact; up 27% YoY.
- Adjusted net income $32.8M ($0.53); adjusted pre-tax pre-provision earnings $49.0M, up 6% QoQ and 12% YoY.
- Net interest margin expanded 29 bps to 3.67%; cost of deposits remains low at 9 bps.
- Tangible common equity ratio 9.79%; tangible book value $15.98; loan-to-deposit ratio 76%.
- Completed Apollo and Drummond acquisitions; all branches opened quickly after Hurricane Ian.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/730708/000073070822000063/0000730708-22-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/730708/000073070822000063/sbcf3q20228k.htm
  HTML page:      https://secwatch.observer/filing/0000730708-22-000063

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer