SBCF Files 8-K on Financial Results & Reg FD Disclosure

Ticker: SBCF · Form: 8-K · Filed: Jan 25, 2024 · CIK: 730708

Seacoast Banking Corp Of Florida 8-K Filing Summary
FieldDetail
CompanySeacoast Banking Corp Of Florida (SBCF)
Form Type8-K
Filed DateJan 25, 2024
Risk Levellow
Pages3
Reading Time3 min
Key Dollar Amounts$0.10
Sentimentneutral

Complexity: simple

Sentiment: neutral

Topics: earnings, financial-condition, regulation-fd, corporate-update

TL;DR

**SBCF just dropped an 8-K with financial results, get ready for potential market reaction.**

AI Summary

Seacoast Banking Corporation of Florida (SBCF) filed an 8-K on January 25, 2024, to report its results of operations and financial condition, along with a Regulation FD Disclosure. This filing indicates the company is providing an update on its financial performance, which is crucial for investors to understand the bank's current health and future prospects. For shareholders, this matters because it offers transparency into how the company is performing, directly impacting their investment's value.

Why It Matters

This filing provides investors with the latest financial performance data for Seacoast Banking Corporation of Florida, enabling them to assess the company's operational health and make informed investment decisions.

Risk Assessment

Risk Level: low — This 8-K is a routine disclosure of financial results and does not inherently introduce new risks, but rather provides information to assess existing ones.

Analyst Insight

A smart investor would review the full financial results once available to understand the underlying performance metrics and compare them against previous periods and analyst expectations before making any trading decisions.

Key Numbers

  • $0.10 — Common Stock par value (standard par value for SBCF's common shares)

Key Players & Entities

  • SEACOAST BANKING CORPORATION OF FLORIDA (company) — the registrant filing the 8-K
  • SBCF (company) — trading symbol for Seacoast Banking Corporation of Florida
  • Nasdaq Global Select Market (company) — exchange where SBCF Common Stock is registered
  • January 25, 2024 (date) — date of earliest event reported and filing date
  • $0.10 (dollar_amount) — par value of Common Stock

Forward-Looking Statements

  • SBCF's stock price will experience volatility following the market's digestion of the disclosed financial results. (SBCF) — medium confidence, target: 2024-01-26
  • Analysts will update their ratings and price targets for SBCF based on the financial condition reported. (SBCF) — high confidence, target: 2024-02-01

FAQ

What is the primary purpose of this 8-K filing by Seacoast Banking Corporation of Florida?

The primary purpose of this 8-K filing, dated January 25, 2024, is to report the company's 'Results of Operations and Financial Condition' and 'Regulation FD Disclosure' as per Item Information.

What is the trading symbol and the exchange where Seacoast Banking Corporation of Florida's common stock is registered?

The trading symbol for Seacoast Banking Corporation of Florida's common stock is SBCF, and it is registered on the Nasdaq Global Select Market.

What is the par value of the Common Stock mentioned in the filing?

The par value of the Common Stock mentioned in the filing is $0.10.

What is the business address and phone number of Seacoast Banking Corporation of Florida as stated in the filing?

The business address is 815 COLORADO AVENUE, STUART FL 34994, and the business phone number is (772) 287-4000.

Is Seacoast Banking Corporation of Florida considered an 'emerging growth company' according to this filing?

No, the filing indicates with a '☐' that Seacoast Banking Corporation of Florida is not an emerging growth company.

Filing Stats: 824 words · 3 min read · ~3 pages · Grade level 13.1 · Accepted 2024-01-25 16:05:02

Key Financial Figures

  • $0.10 — ange on which registered Common Stock, $0.10 par value SBCF Nasdaq Global Select Mar

Filing Documents

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition On January 25, 2024, Seacoast Banking Corporation of Florida ("Seacoast" or the "Company") announced its financial results for the quarter and year ended December 31, 2023. A copy of the press release announcing Seacoast's results for the quarter and year ended December 31, 2023, is attached hereto as Exhibit 99.1 and incorporated herein by reference.

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure On January 26, 2024, Seacoast will hold an investor conference call to discuss its financial results for the quarter and year ended December 31, 2023. Attached as Exhibit 99.2 are charts (available on the Company's website at www.seacoastbanking.com) containing information used in the conference call and incorporated herein by reference. All information included in the charts is presented as of December 31, 2023, and the Company does not assume any obligation to correct or update said information in the future. The information in Items 2.02 and 7.01, as well as Exhibits 99.1 and 99.2 is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 99.1 Press Release dated January 25, 2024, with respect to Seacoast's financial results for the quarter and year ended December 31, 2023 99.2 Data on website containing information used in the conference call to be held on January 26, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) Exhibits 99.1 and 99.2 referenced herein, contain "forward-looking statements" within the meaning, and protections, of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, without limitation, statements about future financial and operating results, cost savings, enhanced revenues, economic and seasonal conditions in the Company's markets, and improvements to reported earnings that may be realized from cost controls, tax law changes, new initiatives and for integration of banks that the Company has acquired or expects to acquire, as well as statements with respect to Seacoast's objectives, strategic plans, expectations and intentions and other statements that are not historical facts. Actual results may differ from those set forth in the forward-looking statements. Forward-looking statements include statements with respect to the Company's beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates and intentions about future performance and involve known and unknown risks, uncertainties and other factors, which may be beyond the Company's control, and which may cause the actual results, performance or achievements of Seacoast Banking Corporation of Florida or its wholly-owned banking subsidiary, Seacoast National Bank, to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. You should not expect the Company to update any forward-looking statements.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SEACOAST BANKING CORPORATION OF FLORIDA (Registrant) Dated: January 25, 2024 /s/ Tracey L. Dexter TRACEY L. DEXTER Chief Financial Officer

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