secwatch.observer — SEC 8-K summary
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Issuer:     SEACOAST BANKING CORP OF FLORIDA (SBCF)
CIK:        0000730708
Form:       8-K
Filed at:   2025-04-24T23:59:59+00:00
Accession:  0000730708-25-000108
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Seacoast Q1 EPS $0.37, NIM up 9bps to 3.48%, deposits +11% annualized
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- Net income $31.5M ($0.37 diluted); adjusted net income $32.1M ($0.38).
- Net interest margin expanded 9 bps to 3.48%; cost of deposits fell 15 bps to 1.93%.
- Total deposits grew $332M (11% annualized); noninterest-bearing deposits up 17% annualized.
- Loans grew 5.6% annualized; loan pipeline increased $288M to $982M.
- Announced acquisition of Heartland Bancshares (~$763M assets), expected close Q3 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/730708/000073070825000108/0000730708-25-000108-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/730708/000073070825000108/sbcf-20250424.htm
  HTML page:      https://secwatch.observer/filing/0000730708-25-000108

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