secwatch.observer — SEC 8-K summary
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Issuer:     SEACOAST BANKING CORP OF FLORIDA (SBCF)
CIK:        0000730708
Form:       8-K
Filed at:   2023-01-27T23:59:59+00:00
Accession:  0000730708-23-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Seacoast Q4 adj EPS $0.56, NIM +69bps to 4.36%, Apollo/Drummond deals closed
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- GAAP net income $23.9M ($0.34 EPS) down 18% QoQ; adjusted net income $39.9M ($0.56 EPS) up 22% QoQ.
- Net interest margin expanded 69 bps to 4.36%; adjusted PTPP earnings $66.6M, up 36% QoQ.
- Completed acquisitions of Apollo Bancshares and Drummond Banking; expanded Florida footprint to six new markets.
- Adjusted ROAT 1.36% (vs 1.27% QoQ); adjusted efficiency ratio improved to 51.52% from 53.28%.
- Full year 2022 adj net income $136.1M ($2.12 EPS) up 1% YoY; GAAP net income $106.5M ($1.66 EPS) down 14%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/730708/000073070823000003/0000730708-23-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/730708/000073070823000003/sbcf-20230126.htm
  HTML page:      https://secwatch.observer/filing/0000730708-23-000003

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