secwatch.observer — SEC 8-K summary
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Issuer:     SEACOAST BANKING CORP OF FLORIDA (SBCF)
CIK:        0000730708
Form:       8-K
Filed at:   2023-09-06T23:59:59+00:00
Accession:  0000730708-23-000101
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Seacoast Q2 net income $31.2M; workforce reduced ~5% in late July
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- Net income $31.2M ($49.2M adjusted); ROTCE 12.08% (16.08% adjusted).
- Total deposits stable at $12.3B; loans $10.1B, down $16M QoQ.
- Workforce reduced ~5% in late July to improve efficiency.
- NIM 3.86%, down 45bps QoQ on higher deposit costs and lower accretion.
- Wealth AUM $1.6B, up 36% YoY; efficiency ratio 67.3% GAAP (56.4% adjusted).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/730708/000073070823000101/0000730708-23-000101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/730708/000073070823000101/sbcf-20230905.htm
  HTML page:      https://secwatch.observer/filing/0000730708-23-000101

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