---
schema_version: "secwatch.filing_event.v1"
accession: "0000730708-24-000132"
form_type: "8-K"
ticker: "SBCF"
cik: "0000730708"
company_name: "SEACOAST BANKING CORP OF FLORIDA"
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T08:46:38.165669+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Seacoast Q1 2024 adjusted EPS $0.37 flat QoQ; deposits grow 8% annualized, AUM record $1.9B

## Summary
- GAAP net income $26.0M ($0.31 EPS) vs $29.5M ($0.35) Q4 2023; adjusted net income $31.1M ($0.37 EPS) flat QoQ.
- Total deposits grew 8% annualized, with noninterest-bearing demand deposits increasing.
- Wealth management AUM hit record $1.9B, up $160M during the quarter.
- Expense initiative completed; adjusted noninterest expense down $7.3M from Q3 2023 to $83.3M.
- Tier 1 capital ratio 14.6%, tangible book value $15.26 per share; sold $86.8M securities reinvested at 5.53% yield.

## SEC filing metadata
- accession: 0000730708-24-000132
- form_type: 8-K
- ticker: SBCF
- cik: 0000730708
- company_name: SEACOAST BANKING CORP OF FLORIDA
- filed_at: 2024-04-25T23:59:59+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/730708/000073070824000132/0000730708-24-000132-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/730708/000073070824000132/sbcf-20240425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000730708-24-000132
- JSON: https://secwatch.observer/filing/0000730708-24-000132.json
- Plain text: https://secwatch.observer/filing/0000730708-24-000132.txt

## Key facts
- Earnings Releases
  SEACOAST BANKING CORP OF FLORIDA reported the quarter ended March 31, 2024 results: revenue $125.6 million, net income $26.0 million, EPS $0.31 per diluted share.
  - Period: the quarter ended March 31, 2024
  - Revenue: $125.6 million
  - Net income: $26.0 million
  - EPS: $0.31 per diluted share
  - Result: reported results
  source text: compared to $31.4 million, or $0.37 per diluted share, for the prior quarter, and $23.7 million, or $0.29 per diluted share, for the prior year quarter. • Net revenues were $125.6 million in the first quarter of 2024, a decrease of $2.6 million, or 2%, compared to the prior quarter, and a decrease of $28.0 million, or 18%, compared to the prior year quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/730708/000073070824000132/0000730708-24-000132-index.htm

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