secwatch.observer — SEC 8-K summary
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Issuer:     SEACOAST BANKING CORP OF FLORIDA (SBCF)
CIK:        0000730708
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0000730708-24-000209
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Seacoast Q3 net income $30.7M ($0.36 EPS); plans $5-10M hurricane provision
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- Net income $30.7M ($0.36 diluted EPS) vs $30.2M in Q2; loans grew 6.6% annualized to $10.2B.
- Tangible book value per share rose 20% annualized to $16.20; Tier 1 capital ratio 14.8%.
- Sold low-yield AFS securities (2.8%) for ~$8M pre-tax loss; reinvested $113M in agency MBS at 5.4%.
- Expects additional provision of $5-10M in Q4 2024 related to Hurricane Milton.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/730708/000073070824000209/0000730708-24-000209-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/730708/000073070824000209/sbcf-20241024.htm
  HTML page:      https://secwatch.observer/filing/0000730708-24-000209

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