secwatch.observer — SEC 8-K summary
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Issuer:     SEACOAST BANKING CORP OF FLORIDA (SBCF)
CIK:        0000730708
Form:       8-K
Filed at:   2025-01-27T23:59:59+00:00
Accession:  0000730708-25-000018
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Seacoast Q4 net income $34.1M, adjusted EPS $0.48; NIM expands 22 bps to 3.39%
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- GAAP net income $34.1M ($0.40 diluted EPS); adjusted net income $40.6M ($0.48 diluted EPS).
- Net interest margin expanded 22 bps to 3.39%; cost of deposits declined 26 bps to 2.08%.
- Loans grew 3.7% annualized; record originations of $903M; loan yield 5.93%.
- Securities repositioning: $8M pre-tax loss on $113M sold; reinvested at 5.4% yield, <3-year earnback.
- Full-year 2024 net income $121M ($1.42 EPS) vs $104M ($1.23 EPS) in 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/730708/000073070825000018/0000730708-25-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/730708/000073070825000018/sbcf-20250127.htm
  HTML page:      https://secwatch.observer/filing/0000730708-25-000018

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