secwatch.observer — SEC 8-K summary
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Issuer:     SEACOAST BANKING CORP OF FLORIDA (SBCF)
CIK:        0000730708
Form:       8-K
Filed at:   2025-02-12T23:59:59+00:00
Accession:  0000730708-25-000025
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Seacoast Q4 2024 net income $34.1M ($0.40 EPS); adjusted EPS $0.48; NIM expands 22bp to 3.39%
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- Net income $34.1M ($0.40 EPS); adjusted $40.6M ($0.48 EPS); both up QoQ.
- Net interest income $115.8M (+9% QoQ); NIM expanded 22bp to 3.39%; cost of deposits down 26bp to 2.08%.
- Adjusted noninterest income $25.5M (+8% QoQ); $8M pre-tax loss on securities repositioning reinvested at 5.4% yield.
- Loans grew 3.7% annualized; record originations $903M; AUM $2.1B (+20% YoY).
- Tangible book value $16.12 (+7% YoY); Tier 1 capital 14.8%; ROTCE 10.9% GAAP, 12.7% adjusted.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/730708/000073070825000025/0000730708-25-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/730708/000073070825000025/sbcf-20250212.htm
  HTML page:      https://secwatch.observer/filing/0000730708-25-000025

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