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

Issuer:     SEACOAST BANKING CORP OF FLORIDA (SBCF)
CIK:        0000730708
Form:       8-K
Filed at:   2024-09-03T23:59:59+00:00
Accession:  0000730708-24-000200
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Seacoast Q2 net income $30.2M, EPS $0.36; deposit costs stabilizing, tangible book $15.41
--------------------------------------------------------------------------------

- Net income $30.2M ($0.36 diluted EPS); pre-tax pre-provision adjusted earnings up $2.0M QoQ to $44.5M.
- NIM contracted 6 bps to 3.18%; cost of deposits stabilized at 2.31% in May/June.
- Loans grew $60.5M; pipeline up 46% to $834.4M; wealth management AUM record $1.9B.
- Noninterest expense down $7.8M QoQ; adjusted efficiency ratio 60.2%.
- Strong capital: Tier 1 ratio 14.8%, TCE/TA 9.3%; tangible book value per share $15.41.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/730708/000073070824000200/0000730708-24-000200-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/730708/000073070824000200/sbcf-20240903.htm
  HTML page:      https://secwatch.observer/filing/0000730708-24-000200

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