---
schema_version: "secwatch.filing_event.v1"
accession: "0000730708-23-000058"
form_type: "8-K"
ticker: "SBCF"
cik: "0000730708"
company_name: "SEACOAST BANKING CORP OF FLORIDA"
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-13T01:23:08.669987+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Seacoast Q2 adjusted EPS $0.58, net income $49.2M; Professional conversion complete

## Summary
- GAAP net income $31.2M ($0.37 diluted); adjusted net income $49.2M ($0.58 diluted).
- Adjusted return on tangible common equity 16.08%, up from 10.34% in Q1 2023.
- Completed Professional Bank conversion; merger costs expected to be insignificant in Q3 2023.
- Reduced workforce by ~5% in late July to streamline operations and improve efficiency.
- Tangible common equity to tangible assets ratio improved to 8.53%.

## SEC filing metadata
- accession: 0000730708-23-000058
- form_type: 8-K
- ticker: SBCF
- cik: 0000730708
- company_name: SEACOAST BANKING CORP OF FLORIDA
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/730708/000073070823000058/0000730708-23-000058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/730708/000073070823000058/sbcf-20230727.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000730708-23-000058
- JSON: https://secwatch.observer/filing/0000730708-23-000058.json
- Plain text: https://secwatch.observer/filing/0000730708-23-000058.txt

## Key facts
- Earnings Releases
  SEACOAST BANKING CORP OF FLORIDA reported the quarter ended June 30, 2023 results: net income $31.2 million, EPS $0.37 per diluted share.
  - Period: the quarter ended June 30, 2023
  - Net income: $31.2 million
  - EPS: $0.37 per diluted share
  - Result: reported results
  source text: Seacoast Banking Corporation of Florida ("Seacoast" or the "Company") (NASDAQ: SBCF) today reported net income in the second quarter of 2023 of $31.2 million, or $0.37 per diluted share, compared to $11.8 million, or $0.15 per diluted share in the first quarter of 2023 and $32.8 million, or $0.53 per diluted share in the second quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/730708/000073070823000058/0000730708-23-000058-index.htm
- Earnings Releases
  SEACOAST BANKING CORP OF FLORIDA reported the six months ended June 30, 2023 results: net income $43.1 million, EPS $0.52 per diluted share.
  - Period: the six months ended June 30, 2023
  - Net income: $43.1 million
  - EPS: $0.52 per diluted share
  - Result: reported results
  source text: For the six months ended June 30, 2023, net income was $43.1 million, or $0.52 per diluted share, a decrease of 19% compared to the six months ended June 30, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/730708/000073070823000058/0000730708-23-000058-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.