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AI brief of an SEC Form 8-K · Seacoast Banking Corporation of Florida (SBCF)

Seacoast Q2 net income $30.2 million, $0.36 a share, up from Q1 but down from 2023

Mixed Impact 3 of 5 earnings Written later

Seacoast Banking Corporation of Florida reported second-quarter 2024 net income of $30.2 million, or $0.36 per diluted share, up from $26.0 million, or $0.31, in the first quarter but down from $31.2 million, or $0.37, a year earlier. Net revenues rose 1% from the prior quarter but fell 15% from the prior year, and the net interest margin narrowed to 3.18%.

Key points

  • Net income $30.2 million, $0.36 per diluted share, versus $26.0 million, $0.31 in Q1 2024 and $31.2 million, $0.37 in Q2 2023
  • Net revenues $126.6 million, up 1% from Q1 2024 and down 15% from Q2 2023
  • Net interest margin fell to 3.18% from 3.24% in Q1 2024; noninterest expense fell 9% from Q1 to $82.5 million
  • Total deposits $12.1 billion and loans $10.0 billion at June 30, 2024; loan pipelines rose 46% from March 31, 2024

The filing

CompanySeacoast Banking Corporation of Florida (SBCF)
Form8-K, current report
Filed with the SECJul 25, 2024, 4:49 PM ET
Accession number0000730708-24-000158

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:38 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 25, 2024.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.