secwatch.observer — SEC 8-K summary
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Issuer:     SEACOAST BANKING CORP OF FLORIDA (SBCF)
CIK:        0000730708
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0000730708-23-000023
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Seacoast Q1 adj. EPS $0.36; net interest income up 10% QoQ; closes Professional acquisition
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- Net income $11.8M ($0.15 diluted); adjusted net income $29.2M ($0.36 diluted).
- Pre-tax pre-provision earnings $46.3M; adjusted $71.1M, up 7% QoQ and 70% YoY.
- Net interest income $131.4M, up 10% QoQ; NIM 4.31%.
- Closed Professional Holding Corp. acquisition Jan 31; day-1 CECL provision $26.6M.
- CET1 ratio 12.80%; tangible common equity/tangible assets 8.4%; loan-to-deposit 82%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/730708/000073070823000023/0000730708-23-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/730708/000073070823000023/sbcf-20230427.htm
  HTML page:      https://secwatch.observer/filing/0000730708-23-000023

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