---
schema_version: "secwatch.filing_event.v1"
accession: "0000730708-24-000023"
form_type: "8-K"
ticker: "SBCF"
cik: "0000730708"
company_name: "SEACOAST BANKING CORP OF FLORIDA"
filed_at: "2024-01-25T23:59:59+00:00"
generated_at: "2026-06-06T18:46:54.416659+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Seacoast Q4 net income $29.5M ($0.35); plans $15M annual expense cut

## Summary
- Net income of $29.5M ($0.35 diluted) vs $31.4M ($0.37) in Q3; full year $104.0M ($1.23) vs $106.5M ($1.66) in 2022.
- Adjusted net income $36.5M ($0.43) in Q4; full year adjusted $154.7M ($1.83) up from $136.1M ($2.12) in 2022.
- Net interest margin contracted 21bp to 3.36%; noninterest expense down 8% QoQ to $86.4M.
- Repurchased 546,200 shares at $19.80; tangible book value per share rose to $15.08.
- Q1 2024 expense initiative with ~$5M one-time charges and ~$15M annual run-rate savings.

## SEC filing metadata
- accession: 0000730708-24-000023
- form_type: 8-K
- ticker: SBCF
- cik: 0000730708
- company_name: SEACOAST BANKING CORP OF FLORIDA
- filed_at: 2024-01-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/730708/000073070824000023/0000730708-24-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/730708/000073070824000023/sbcf-20240125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000730708-24-000023
- JSON: https://secwatch.observer/filing/0000730708-24-000023.json
- Plain text: https://secwatch.observer/filing/0000730708-24-000023.txt

## Key facts
- Earnings Releases
  SEACOAST BANKING CORP OF FLORIDA reported the quarter and year ended December 31, 2023 results: net income net income in the fourth quarter of 2023 of $29.5 million, or $0.35 per diluted share, EPS net income in the fourth quarter of 2023 of $29.5 million, or $0.35 per diluted share.
  - Period: the quarter and year ended December 31, 2023
  - Net income: net income in the fourth quarter of 2023 of $29.5 million, or $0.35 per diluted share
  - EPS: net income in the fourth quarter of 2023 of $29.5 million, or $0.35 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 fourth quarter of 2023 of $29.5 million, or $0.35 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/730708/000073070824000023/0000730708-24-000023-index.htm

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