secwatch.observer — SEC 8-K summary
======================================

Issuer:     SEACOAST BANKING CORP OF FLORIDA (SBCF)
CIK:        0000730708
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0000730708-24-000158
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Seacoast Q2 net income $0.36/shr; loan pipeline surges 46% QoQ to $834M
-----------------------------------------------------------------------

- Net income of $30.2M ($0.36 diluted EPS); adjusted net income $30.3M ($0.36).
- Net interest income $104.7M; NIM 3.18%, down 6 bps QoQ but deposit costs stabilizing.
- Loan pipeline grew 46% QoQ to $834.4M; total loans $10.04B, up $60.5M from Q1.
- Cost of deposits 2.31%; Tier 1 capital ratio 14.8%; tangible book value per share $15.41.
- Wealth management AUM record $1.9B, up 12% YTD.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/730708/000073070824000158/0000730708-24-000158-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/730708/000073070824000158/sbcf-20240725.htm
  HTML page:      https://secwatch.observer/filing/0000730708-24-000158

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