secwatch.observer — SEC 8-K summary
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Issuer:     SEACOAST BANKING CORP OF FLORIDA (SBCF)
CIK:        0000730708
Form:       8-K
Filed at:   2023-02-14T23:59:59+00:00
Accession:  0000730708-23-000010
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Seacoast reports Q4 2022 NIM 4.36%; adjusted PTPP up 36%, loan growth 14% annualized
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- Net interest margin expanded 69 bps to 4.36%; adjusted PTPP increased 36% to $66.6M.
- Organic loan growth 14% annualized; cost of deposits remained low at 21 bps.
- Completed Apollo Bancshares and Drummond Banking acquisitions on Oct 7, 2022; Professional Holding Corp deal closed Jan 31, 2023.
- Wealth management AUM reached $1.4B, up 12% YoY.
- Nonperforming loans only 0.35% of total loans; allowance for credit losses $113.9M (1.40% of loans).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/730708/000073070823000010/0000730708-23-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/730708/000073070823000010/sbcf-20230214.htm
  HTML page:      https://secwatch.observer/filing/0000730708-23-000010

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