---
schema_version: "secwatch.filing_event.v1"
accession: "0000730708-23-000112"
form_type: "8-K"
ticker: "SBCF"
cik: "0000730708"
company_name: "SEACOAST BANKING CORP OF FLORIDA"
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T01:19:20.836126+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Seacoast Q3 net interest income down 6%; NIM 3.57%; organic deposit growth 3.7%

## Summary
- Net interest income (FTE) $119.5M, down $7.6M from prior quarter; NIM fell 29 bps to 3.57%.
- Noninterest income $17.8M, down 18% due to Durbin amendment impact on interchange fees.
- Loans $10.01B, down $107M; new loan yields ~8%; loan-to-deposit ratio low at 83%.
- Tier 1 capital ratio 14.0%; tangible book value $14.26, up from prior quarter.
- Reduced workforce by 6% and consolidated a branch; adjusted efficiency ratio 60.2%.

## SEC filing metadata
- accession: 0000730708-23-000112
- form_type: 8-K
- ticker: SBCF
- cik: 0000730708
- company_name: SEACOAST BANKING CORP OF FLORIDA
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/730708/000073070823000112/0000730708-23-000112-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/730708/000073070823000112/sbcf-20231102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000730708-23-000112
- JSON: https://secwatch.observer/filing/0000730708-23-000112.json
- Plain text: https://secwatch.observer/filing/0000730708-23-000112.txt

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