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

Issuer:     SEACOAST BANKING CORP OF FLORIDA (SBCF)
CIK:        0000730708
Form:       8-K
Filed at:   2026-04-28T23:59:59+00:00
Accession:  0001628280-26-027918
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Seacoast Q1 adjusted EPS $0.62, up 111% YoY; NIM expands 17 bps to 3.83%
------------------------------------------------------------------------

- Net income $31.9M includes $39.5M loss from strategic securities repositioning of $277M low-yielding securities.
- Adjusted net income $67.8M ($0.62 diluted EPS), up 42% QoQ and 111% YoY.
- Organic deposit growth 7% annualized; noninterest-bearing deposits up 29% annualized; cost of deposits down 13 bps to 1.54%.
- Net interest margin 3.83%, up 17 bps; adjusted NIM ex-accretion 3.57%, up 13 bps.
- Repurchased 317,628 shares during quarter; Tier 1 capital ratio 14.6%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/730708/000162828026027918/0001628280-26-027918-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/730708/000162828026027918/sbcf-20260428.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-027918

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