Every material Form 8-K Seacoast Banking Corporation of Florida filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Seacoast Banking reported third-quarter 2024 net income of $30.7 million, or $0.36 per diluted share, roughly flat from the prior quarter and down from $0.37 a year earlier. Net revenues rose 3% from the prior quarter but fell 5% from a year earlier. The company also disclosed an approximately $8.0 million pre-tax loss from an October securities sale and a possible fourth-quarter provision of $5 million to $10 million tied to Hurricane Milton, both of which could weigh on near-term earnings.
Net income $30.7 million, or $0.36 per diluted share, versus $30.2 million ($0.36) in Q2 2024 and $31.4 million ($0.37) in Q3 2023
Net revenues $130.3 million, up 3% from Q2 2024 and down 5% from Q3 2023
October sale of securities with a pre-tax loss of approximately $8.0 million, impacting fourth-quarter results; proceeds of approximately $113 million reinvested at a 5.4% average book yield
Additional fourth-quarter provision for credit losses for Hurricane Milton may be between approximately $5 million and $10 million
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%.
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
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Seacoast Banking Corporation of Florida filing is on SEC EDGAR ↗. 8-K briefs of other companies →