--- schema_version: "secwatch.filing_event.v1" accession: "0000730708-23-000031" form_type: "8-K" ticker: "SBCF" cik: "0000730708" company_name: "SEACOAST BANKING CORP OF FLORIDA" filed_at: "2023-05-23T23:59:59+00:00" generated_at: "2026-06-14T17:38:01.110705+00:00" event_type: "earnings" sentiment: "positive" materiality_score: 0.75 calibrated_materiality_score: 0.75 confidence: "high" source: SEC EDGAR --- # Seacoast Q1 net interest income $131.4M, NIM 4.31%; closes Professional Bank acquisition ## Summary - Net interest income $131.4M (+10% QoQ); NIM 4.31% (down 5bp); cost of deposits 0.77%. - Adjusted pre-tax pre-provision income $71.1M, up 7% QoQ; adjusted efficiency ratio 53.1%. - Wealth management AUM $1.5B, up 24% YoY; $123M added in Q1. - Completed acquisition of Professional Holding Corp on Jan 31, 2023; conversion in June 2023. - Tangible common equity to tangible assets 8.4% (7.8% adjusted for HTM fair value). ## SEC filing metadata - accession: 0000730708-23-000031 - form_type: 8-K - ticker: SBCF - cik: 0000730708 - company_name: SEACOAST BANKING CORP OF FLORIDA - filed_at: 2023-05-23T23:59:59+00:00 - event_type: earnings - sentiment: positive - materiality_score: 0.75 - calibrated_materiality_score: 0.75 - confidence: high - sec_items: 5.07, 7.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/730708/000073070823000031/0000730708-23-000031-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/730708/000073070823000031/sbcf-20230522.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0000730708-23-000031 - JSON: https://secwatch.observer/filing/0000730708-23-000031.json - Plain text: https://secwatch.observer/filing/0000730708-23-000031.txt ## Key facts - Shareholder Votes SEACOAST BANKING CORP OF FLORIDA shareholders approved Advisory (Non-binding) Vote to Approve Compensation of Named Executive Officers at the 2023-05-22 meeting. - Proposal: say on pay - Outcome: passed - Meeting: 2023-05-22 source text: Proposal Four - Advisory (Non-binding) Vote to Approve Compensation of Named Executive Officers: To hold an advisory vote to approve, on a non-binding basis, the compensation of the Company’s named executive officers as disclosed in the Company’s proxy statement. Votes For Votes Against Abstentions Broker Non-Votes 61,652,309 1,153,405 202,383 8,167,642 evidence_url: https://www.sec.gov/Archives/edgar/data/730708/000073070823000031/0000730708-23-000031-index.htm - Shareholder Votes SEACOAST BANKING CORP OF FLORIDA shareholders approved To approve a proposed amendment to the 2021 Incentive Plan to increase the number of shares authorized to be issued under the Plan at the 2023-05-22 meeting. - Proposal: equity plan - Outcome: passed - Meeting: 2023-05-22 source text: Proposal Three - Amend the Company's Amended 2021 Incentive Plan to Increase Authorized Shares: To approve a proposed amendment to the 2021 Incentive Plan to increase the number of shares authorized to be issued under the Plan. Votes For Votes Against Abstentions Broker Non-Votes 60,867,161 2,065,388 75,548 8,167,642 evidence_url: https://www.sec.gov/Archives/edgar/data/730708/000073070823000031/0000730708-23-000031-index.htm - Shareholder Votes SEACOAST BANKING CORP OF FLORIDA shareholders approved To ratify the appointment of Crowe LLP as independent auditors for the Company for the fiscal year ending December 31, 2023 at the 2023-05-22 meeting. - Proposal: auditor ratification - Outcome: passed - Meeting: 2023-05-22 source text: Proposal Five - Ratification of Auditors: To ratify the appointment of Crowe LLP as independent auditors for the Company for the fiscal year ending December 31, 2023. Votes For Votes Against Abstentions 69,959,422 1,165,585 50,732 evidence_url: https://www.sec.gov/Archives/edgar/data/730708/000073070823000031/0000730708-23-000031-index.htm - Shareholder Votes SEACOAST BANKING CORP OF FLORIDA shareholders approved To approve an amendment to the Company's Amended and Restated Articles of Incorporation to eliminate language inconsistency with respect to the size of the Board of Directors at the 2023-05-22 meeting. - Proposal: charter amendment - Outcome: passed - Meeting: 2023-05-22 source text: Proposal Two - Amend the Company's Amended and Restated Articles of Incorporation: To approve an amendment to the Company's Amended and Restated Articles of Incorporation to eliminate language inconsistency with respect to the size of the Board of Directors. Votes For Votes Against Abstentions Broker Non-Votes 61,788,402 1,161,363 58,332 8,167,642 evidence_url: https://www.sec.gov/Archives/edgar/data/730708/000073070823000031/0000730708-23-000031-index.htm - Shareholder Votes SEACOAST BANKING CORP OF FLORIDA shareholders approved Elect three incumbent Class III directors at the 2023-05-22 meeting. - Proposal: director election - Outcome: passed - Meeting: 2023-05-22 source text: Proposal One - Elect Directors: To elect three incumbent Class III directors. The vote for each director is as set forth below. Number of Shares Nominee Votes For Votes Withheld Broker Non-Votes Julie H. Daum 51,551,698 11,456,399 8,167,642 Dennis S. Hudson, III 56,192,201 6,815,896 8,167,642 Alvaro J. Monserrat 55,322,040 7,686,057 8,167,642 evidence_url: https://www.sec.gov/Archives/edgar/data/730708/000073070823000031/0000730708-23-000031-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.