secwatch.observer — SEC 8-K summary
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Issuer:     SEACOAST BANKING CORP OF FLORIDA (SBCF)
CIK:        0000730708
Form:       8-K
Filed at:   2023-03-06T23:59:59+00:00
Accession:  0000730708-23-000020
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Seacoast provides Q4 2022 investor presentation; NIM expands to 4.36%, acquisitions closed
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- Net interest margin expanded 69 bps to 4.36% in Q4 2022; cost of deposits remained low at 21 bps.
- Adjusted pre-tax pre-provision earnings increased 36% to $66.6 million; organic loan growth of 14% annualized.
- Completed acquisitions of Apollo Bancshares and Drummond Banking on Oct 7, 2022; Professional Holding Corp. acquired Jan 31, 2023.
- Wealth management AUM grew 12% YoY to $1.4 billion; assets under management CAGR of 21% since Dec 2020.
- Florida economic strength continues; company focuses on organic growth and opportunistic M&A.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/730708/000073070823000020/0000730708-23-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/730708/000073070823000020/sbcf-20230306.htm
  HTML page:      https://secwatch.observer/filing/0000730708-23-000020

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