---
schema_version: "secwatch.filing_event.v1"
accession: "0000730708-23-000108"
form_type: "8-K"
ticker: "SBCF"
cik: "0000730708"
company_name: "SEACOAST BANKING CORP OF FLORIDA"
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T09:10:02.620974+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Seacoast Banking reports Q3 net income of $31.4M, EPS $0.37; organic deposit growth 3.7% annualized

## Summary
- Net income $31.4M ($0.37 diluted EPS); adjusted net income $39.7M ($0.46 adjusted EPS).
- Net interest margin contracted 29 bps to 3.57%; cost of deposits increased 41 bps to 1.79%.
- Organic deposit growth of 3.7% annualized; loan-to-deposit ratio 83%; Tier 1 capital ratio 13.9%.
- Completed RIF reducing headcount 6%; efficiency ratio GAAP 62.6% (adj. 60.2%).
- Nonperforming loans declined from prior quarter; credit quality remains strong.

## SEC filing metadata
- accession: 0000730708-23-000108
- form_type: 8-K
- ticker: SBCF
- cik: 0000730708
- company_name: SEACOAST BANKING CORP OF FLORIDA
- filed_at: 2023-10-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/730708/000073070823000108/0000730708-23-000108-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/730708/000073070823000108/sbcf-20231026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000730708-23-000108
- JSON: https://secwatch.observer/filing/0000730708-23-000108.json
- Plain text: https://secwatch.observer/filing/0000730708-23-000108.txt

## Key facts
- Earnings Releases
  SEACOAST BANKING CORP OF FLORIDA reported third quarter of 2023 results: net income 31.4 million, EPS 0.37 per diluted share.
  - Period: third quarter of 2023
  - Net income: 31.4 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 third quarter of 2023 of $31.4 million, or $0.37 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/730708/000073070823000108/0000730708-23-000108-index.htm

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