secwatch.observer — SEC 8-K summary
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Issuer:     SEACOAST BANKING CORP OF FLORIDA (SBCF)
CIK:        0000730708
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0000730708-24-000135
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Seacoast Q1 net income $26M ($0.31 diluted EPS); adjusted EPS $0.37
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- Net interest income $105.3M, down 5% QoQ; NIM narrowed 12 bps to 3.24%.
- Total deposits rose 8% annualized; noninterest-bearing demand deposits grew $10.4M.
- Wealth management AUM hit record $1.9B, up $160M; CAGR 28% since 2019.
- Sold $86.8M securities at 3.08% yield, reinvested at 5.53%; Visa gain offset losses.
- Tangible book value per share $15.26; Tier 1 capital ratio 14.6%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/730708/000073070824000135/0000730708-24-000135-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/730708/000073070824000135/sbcf-20240501.htm
  HTML page:      https://secwatch.observer/filing/0000730708-24-000135

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer