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

Seacoast Q4 2024 net income rises to $34.1 million, or $0.40 per diluted share

Positive Impact 3 of 5 earnings Written later

Seacoast Banking Corporation of Florida reported fourth-quarter and full-year 2024 results, with GAAP net income up from both the prior quarter and the prior year quarter. Full-year 2024 GAAP net income rose to $121.0 million from $104.0 million in 2023, while full-year adjusted net income was slightly lower than in 2023 and full-year net revenues declined 9%.

Key points

  • Q4 2024 net income was $34.1 million, or $0.40 per diluted share, compared with $30.7 million, or $0.36, in Q3 2024 and $29.5 million, or $0.35, in Q4 2023.
  • Full-year 2024 net income was $121.0 million, or $1.42 per diluted share, versus $104.0 million, or $1.23, in 2023. Full-year adjusted net income was $132.5 million, or $1.56 per share, versus $133.2 million, or $1.58.
  • Q4 2024 net revenues were $132.9 million, up 4% from the prior year quarter. Full-year net revenues were $515.4 million, down 9% from 2023.
  • Q4 2024 included an $8.0 million loss on repositioning part of the available-for-sale securities portfolio. Net interest margin rose to 3.39% from 3.17% in Q3 2024.

The filing

CompanySeacoast Banking Corporation of Florida (SBCF)
Form8-K, current report
Filed with the SECJan 27, 2025, 4:12 PM ET
Accession number0000730708-25-000018

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

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:38 AM ET, from this filing 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 January 27, 2025.

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