USCB Financial Holdings第二季淨利潤910萬美元 總資產突破30億美元

EX-99.1
5
exhibit991.htm
EX-99.1

exhibit991

 

 

 

 

 

 

1 
 
Exhibit 99.1
EARNINGS RELEASE
USCB Financial Holdings, Inc. Surpasses $3 Billion in Assets with 14.6% Annualized 
Linked-Quarter Loan 
Growth; Achieves Q2 2026 EPS of $0.49, 3.49% Net Interest Margin, ROAA of 1.26%, and ROAE 
of 15.90% 

MIAMI, FL – July 23, 2026 – USCB Financial Holdings, Inc. (the “Company”) (NASDAQ: USCB)
, the holding company for U.S. 
Century Bank 
(the “Bank”), 
reported net 
income of 
$9.1 million 
or $0.49 
per fully 
diluted share 
for the 
three months 
ended June 30, 
2026, 
compared with net income of $8.1 million or $0.40 per fully diluted share 
for the same period in 2025. 

“Our 
second 
quarter 
performance 
highlights 
the 
ongoing 
strength 
of 
our 
company 
and 
the 
effective 
implementation 
of 
our 
growth 
strategy,” said Luis de la Aguilera, Chairman, 
President and CEO. “We achieved 
record new loan fundings of $272.0 million, resulting 
in a 14.6% 
annualized increase in 
loans from the 
previous quarter and 
pushing our total 
assets above $3 
billion. At the 
same time, we 
improved 
profitability 
and 
operational 
efficiency, 
with 
our 
net 
interest 
margin 
rising 
to 
3.49% 
from 
3.27% 
and 
our 
efficiency 
ratio 
improving to 49.97% from 52.34% compared to the first quarter of 
2026. These achievements underscore the scalability of our business 
model and our dedication to creating long-term value for our shareholders. 
” 
Unless otherwise stated, 
all percentage comparisons 
in the bullet points 
below are calculated 
at or for the 
quarter ended June 30, 
2026 
compared to at or for the quarter ended June 30, 2025 and annualized where 
appropriate. 
Profitability 
•
Annualized return on 
average assets for the 
quarter ended June 30, 
2026 was 1.26% 
compared to 1.22% 
for the second 
quarter of 
2025. 
•
Annualized return 
on average 
stockholders’ equity 
for the quarter 
ended June 30, 
2026 was 
15.90% compared 
to 14.29% 
for the 
second quarter of 2025. 

•
The efficiency ratio for the quarter ended June 30, 2026 was 49.97% 
compared to 51.77% for the second quarter of 2025. 

•
Net interest margin for the quarter ended June 30, 2026 was 3.49 
% 
compared to 3.28% for the second quarter of 2025. 
•
Net interest 
income before 
provision for 
credit losses 
was $24.4 million 
for the 
quarter ended 
June 30, 2026, 
an increase 
of $3.4 
million or 15.9% compared to $21.0 million for the same period in 2025. 
 

Balance Sheet
•
Total 
assets were $3.0 
billion at June 30, 
2026, representing 
an increase of 
$300.2 million or 
11.0% 
from $2.7 
billion at June 30, 
2025. 
•
Total 
loans held 
for investment 
were $2.3 billion 
at June 30, 
2026, representing 
an increase 
of $209.1 million 
or 9.9% 
from $2.1 
billion at June 30, 2025. 
•
Total deposits 
were $2.5 billion at June 30, 
2026, representing an increase 
of $116.6 million 
or 5.0% from $2.3 
billion at June 30, 
2025. 
•
Total 
stockholders’ 
equity 
was 
$233.2 million 
at 
June 30, 
2026, 
representing 
an 
increase 
of 
$1.7 
million 
or 
0.7% 
from 
$231.6 
million at 
June 30, 2025. 
Total 
stockholders’ equity 
included accumulated 
other comprehensive 
loss of 
$31.4 million 
at June 30, 
2026 
compared to 
accumulated 
other 
comprehensive 
loss of 
$41.8 
million 
at June 30, 
2025. 
The increase 
in total 
stockholders’ 
equity 
was partially 
offset 
by the 
repurchase 
of 2.0 
million 
shares 
of Class 
A common 
stock in 
September 
2025, 
as previously 
disclosed. 
Asset Quality 
•
The allowance for credit losses (“ACL”) increased by $1.8 million to $26.7 million at June 30, 2026 from $24.9 million at 
June 30, 
2025. 

2 
•
The ACL represented 1.15% of total loans at June 30, 2026 and 1.18% of 
total loans at June 30, 2025. 

•
The provision 
for credit 
losses was 
$1.3 million 
for the 
quarter ended 
June 30, 2026, 
an increase 
of $236 
thousand compared 
to 
$1.0 million for the same period in 2025. 
•
The ratio 
of non-performing 
loans to total 
loans was 0.09% 
for the quarter 
ended June 30, 
2026 and 
0.06% for 
the quarter ended 
June 30, 2025. Non-performing loans totaled $2.1 million at June 30, 2026 
and $1.4 million at June 30, 2025. 
Non-interest Income and Non-interest Expense 
•
Non-interest income was 
$3.6 million for 
the three months ended 
June 30, 2026, an 
increase of $190 thousand 
or 5.6% compared 
to $3.4 million for the same period in 2025. 

•
Non-interest expense was $14.0 million 
for the three months ended June 
30, 2026, an increase of $1.3 
million or 10.5% compared 
to $12.6 million for the three months ended June 30, 2025. 
Capital 

•
On July 20, 2026, 
the Company’s Board of Directors declared 
a quarterly cash dividend 
of $0.125 per share 
of the Company’s Class 
A common stock. The dividend will be paid on September 4, 2026 
to shareholders of record at the close of business on August 17, 
2026. 
•
As of June 30, 
2026,
total risk-based capital 
ratios for the Company 
and the Bank 
were 13.88% and 13.68%, 
respectively, 
well in 
excess of the well-capitalized minimum threshold regulatory requirements 
. 
•
Tangible 
book value 
per common share 
(non-GAAP financial 
measure) was $12.64 
at June 30, 
2026, representing 
an increase of 
$1.11 or 9.6% 
from $11.53 at June 30, 
2025. At June 30, 2026, tangible 
book value per common share 
was negatively affected by 
($1.70) per share due to an accumulated other comprehensive loss of $31.4 million primarely due to changes in the market value of 
the Company’s 
available for sale 
securities. At 
June 30, 2025, 
tangible book 
value per common 
share was negatively 
affected by 
($2.08) per share due to an accumulated other comprehensive loss of $41.8 
million. 
Conference Call and Webcast 
 

The Company 
will host 
a conference 
call on 
Friday, 
July 24, 
2026, at 
11:00 
a.m. Eastern Time 
to discuss 
the Company’s 
unaudited 
financial results for the quarter 
ended June 30, 2026. To 
access the conference call, dial (833) 
816-1416 (U.S. toll-free) 
and ask to join 
the USCB Financial Holdings Call. 

Additionally, 
interested 
parties can 
listen to 
a live 
webcast 
of the 
call in 
the “Investor 
Relations” section 
of the 
Company’s 
website 
at www.uscentury.com 
. 
An archived version of the webcast will be available in the same location shortly after 
the live call has ended. 
About USCB Financial Holdings, Inc. 
USCB Financial Holdings, Inc. 
is the bank holding company for 
U.S. Century Bank. Established in 2002, 
U.S. Century Bank is one of 
the largest 
community banks 
headquartered 
in Miami, 
and one 
of the 
largest community 
banks in 
the State 
of Florida. 
U.S. Century 
Bank is rated 5-Stars by BauerFinancial, the nation’s leading independent 
bank rating firm. U.S. Century Bank offers customers a wide 
range of 
financial products 
and services 
and supports 
numerous community 
organizations, 
including 
the Greater 
Miami Chamber 
of 
Commerce, the South Florida Hispanic Chamber of Commerce, and ChamberSouth. For more information about us 
or to find a banking 
center near you, please call (305) 715-5200 or visit www.uscentury.com. 
Forward-Looking Statements 
This earnings release 
may contain statements 
that are not 
historical in nature 
and are intended 
to be, and 
are hereby identified 
as, forward-
looking 
statements 
for 
purposes 
of 
the 
safe 
harbor 
provided 
by 
Section 
21E 
of 
the 
Securities 
Exchange 
Act 
of 
1934, 
as 
amended. 
Forward-looking statements are 
those that are 
not historical facts. 
The words “may,” 
“will,” “anticipate,” “could,” 
“should,” “would,” 
“believe,” “contemplate,” “expect,” “aim,” “plan,” “estimate,” “seek,” “continue,” and “intend,”, the negative of these terms, as well as 
other similar words 
and expressions of 
the future, are 
intended to identify 
forward-looking statements. These forward-looking statements 
include, but are not limited 
to, statements related to our 
projected growth, anticipated future 
financial performance, and management’s 
long-term performance goals, as well as statements 
relating to the anticipated effects on our results of 
operations and financial condition 
from expected or 
potential developments or events, 
or business and 
growth strategies, including anticipated 
internal growth and potential 
future additional balance sheet restructuring. 

3 
These forward-looking statements involve significant risks and uncertainties that could cause our actual 
results to differ materially from 
those anticipated in such statements. Potential risks and uncertainties include, 
but are not limited to: 
•
the strength of the United States economy in general and the strength of the local economies in 
which we conduct operations; 
•
our ability to successfully manage interest rate risk, credit risk, liquidity risk, 
and other risks inherent to our industry; 
•
the accuracy of our financial statement estimates and assumptions, including the estimates used for our allowance for credit losses; 
•
the efficiency and effectiveness of our internal 
control procedures and processes; 
•
our ability to comply with 
the extensive laws and 
regulations to which we are 
subject, including the laws for 
each jurisdiction where 
we operate; 
•
adverse changes or conditions in capital and financial markets, including 
actual or potential stresses in the banking industry; 
•
deposit attrition and the level of our uninsured deposits; 
•
legislative 
or 
regulatory 
changes, 
including 
the 
enactment 
of 
the 
One 
Big 
Beautiful 
Bill 
and 
changes 
in 
accounting 
principles, 
policies, practices or guidelines; 
•
the 
lack 
of 
a 
significantly 
diversified 
loan 
portfolio 
and 
our 
concentration 
in 
the 
South 
Florida 
market, 
including 
the 
risks 
of 
geographic, 
depositor, 
and 
industry 
concentrations, 
including 
our 
concentration 
in 
loans 
secured 
by 
real 
estate, 
in 
particular, 
commercial real estate; 
•
the effects of climate change; 
•
the concentration of ownership of our common stock; 
•
fluctuations in the price of our common stock; 
•
our ability to 
fund or access 
the capital markets 
at attractive rates 
and terms and 
manage our growth, 
both organic 
growth as well 
as growth through other means, such as future acquisitions; 
•
inflation, interest rate, unemployment rate, and market and monetary 
fluctuations; 
•
the effects of potential new or increased tariffs, 
retaliatory tariffs and trade restrictions; 
•
the impact of international hostilities and geopolitical events; 
•
increased competition 
and its effect 
on the pricing 
of our products 
and services as 
well as our 
interest rate spread 
and net interest 
margin; 
•
the loss of key employees; 
•
the effectiveness 
of our risk management 
strategies, including operational 
risks, including, but 
not limited to, client, 
employee, or 
third-party fraud and security breaches; and 
•
other risks described in this earnings release and other filings we make with the 
Securities and Exchange Commission (“SEC”). 
All forward-looking 
statements are 
necessarily only 
estimates of 
future results, 
and there 
can be 
no assurance 
that actual 
results will 
not differ 
materially from 
expectations. Therefore, 
you are 
cautioned not 
to place 
undue reliance 
on any 
forward-looking statements. 
Further, 
any forward-looking 
statements included 
in this 
earnings release 
are made 
only as 
of the 
date hereof, 
and 
we undertake 
no 
obligation to 
update or 
revise any 
forward-looking statement 
to reflect 
events or 
circumstances occurring 
after the 
date on 
which the 
statements are made or to reflect the occurrence of unanticipated events, 
unless required to do so under the federal securities laws. You 
should also review the risk factors described in the reports the Company has filed 
or will file with the SEC. 
Non-GAAP Financial Measures 
This earnings release 
includes financial information determined 
by methods other 
than in accordance 
with generally accepted 
accounting 
principles (“GAAP”). This financial 
information includes certain 
operating performance measures. Management 
has included these non-
GAAP 
measures 
because 
it 
believes 
these 
measures 
may 
provide 
useful 
supplemental 
information 
for 
evaluating 
the 
Company’s 
operations and 
underlying performance 
trends. Further, 
management uses these 
measures in 
managing and 
evaluating the Company’s 
business and intends to refer to 
them in discussions about our operations 
and performance. Operating performance 
measures should be 
viewed 
in 
addition 
to, 
and 
not 
as 
an 
alternative 
to 
or 
substitute 
for, 
measures 
determined 
in 
accordance 
with 
GAAP, 
and 
are 
not 
necessarily 
comparable 
to 
non-GAAP 
measures 
that 
may 
be 
presented 
by 
other 
companies. 
Reconciliations 
of 
these 
non-GAAP 
measures 
to 
the most 
directly 
comparable 
GAAP measures 
can be 
found 
in the 
‘Non-GAAP 
Reconciliation 
Tables’ 
included 
in the 
exhibits to this earnings release. 
All numbers included in this press release are unaudited unless otherwise noted. 
Contacts: 
Investor Relations 
[email protected] 
Media Relations 
Martha Guerra-Kattou 

[email protected]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4 
USCB FINANCIAL HOLDINGS, INC. 
CONSOLIDATED STATEMENTS 
OF INCOME (UNAUDITED) 
(Dollars in thousands, except per share data) 
Three Months Ended June 30, 
Six Months Ended June 30, 
2026 
2025 
2026 
2025 
Interest income: 
Loans, including fees 
$ 
34,899 
$ 
31,946 
$ 
67,688 
$ 
62,191 
Investment securities 
3,858 
3,432 
7,269 
6,456 
Interest-bearing deposits in financial institutions 
823 
776 
1,655 
1,485 
Total interest income 
39,580 
36,154 
76,612 
70,132 
Interest expense: 
Interest-bearing checking deposits 
311 
285 
621 
623 
Savings and money market deposits 
8,478 
9,410 
16,611 
18,745 
Time deposits 
4,628 
4,343 
9,328 
8,261 
FHLB advances 
976 
1,082 
2,016 
2,354 
Subordinated notes 
800 
- 
1,601 
- 
Total interest expense 
15,193 
15,120 
30,177 
29,983 
Net interest income before provision for credit losses 
24,387 
21,034 
46,435 
40,149 
Provision for credit losses 
1,267 
1,031 
2,068 
1,712 
Net interest income after provision for credit losses 
23,120 
20,003 
44,367 
38,437 
Non-interest income: 
Service fees 
2,601 
2,402 
5,701 
4,733 
Gain on sale of securities available for sale, net 
- 
- 
14 
- 
Gain on sale of loans held for sale, net 
- 
151 
106 
676 
Other non-interest income 
959 
817 
1,889 
1,677 
Total non-interest income 
3,560 
3,370 
7,710 
7,086 
Non-interest expense: 
Salaries and employee benefits 
8,537 
7,954 
17,107 
15,590 
Occupancy 
1,369 
1,337 
2,685 
2,621 
Regulatory assessments and fees 
397 
396 
881 
817 
Consulting and legal fees 
583 
263 
1,144 
456 
Network and information technology services 
524 
564 
1,084 
1,069 
Other operating expense 
2,556 
2,120 
4,776 
4,133 
Total non-interest expense 
13,966 
12,634 
27,677 
24,686 
Income before income tax expense 
12,714 
10,739 
24,400 
20,837 
Income tax expense 
3,636 
2,599 
5,971 
5,039 
Net income 
$ 
9,078 
$ 
8,140 
$ 
18,429 
$ 
15,798 
Per share information: 

Net income per common share, basic 
$ 
0.49 
$ 
0.41 
$ 
1.01 
$ 
0.79 
Net income per common share, diluted 
$ 
0.49 
$ 
0.40 
$ 
1.00 
$ 
0.78 
Cash dividends declared 
$ 
0.125 
$ 
0.10 
$ 
0.250 
$ 
0.20 
Weighted average shares outstanding: 
Common shares, basic 
18,346,946 
20,059,264 
18,280,860 
20,040,205 
Common shares, diluted 
18,509,572 
20,295,794 
18,443,486 
20,299,585 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5 
USCB FINANCIAL HOLDINGS, INC. 
SELECTED FINANCIAL DATA (UNAUDITED) 
(Dollars in thousands, except per share data) 
As of or For the Three Months Ended 
6/30/2026 
3/31/2026 
12/31/2025 
9/30/2025 
6/30/2025 
Income statement data: 
Net interest income before provision for credit losses 
$ 
24,387 
$ 
22,048 
$ 
22,207 
$ 
21,274 
$ 
21,034 
Provision for credit losses 
1,267 
801 
480 
105 
1,031 
Net interest income after provision for credit losses 
23,120 
21,247 
21,727 
21,169 
20,003 
Service fees 
2,601 
3,100 
2,209 
2,661 
2,402 
Gain (loss) on sale of securities available for sale, net 
- 
14 
(7,498) 
(28) 
- 
Gain on sale of loans held for sale, net 
- 
106 
197 
128 
151 
Other non-interest income 
959 
930 
914 
923 
817 
Total non-interest income 
3,560 
4,150 
(4,178) 
3,684 
3,370 
Salaries and employee benefits 
8,537 
8,570 
8,668 
7,909 
7,954 
Occupancy 
1,369 
1,316 
1,327 
1,382 
1,337 
Regulatory assessments and fees 
397 
484 
443 
377 
396 
Consulting and legal fees 
583 
561 
900 
585 
263 
Network and information technology services 
524 
560 
599 
656 
564 
Other operating expense 
2,556 
2,220 
2,338 
2,139 
2,120 
Total non-interest expense 
13,966 
13,711 
14,275 
13,048 
12,634 
Income before income tax expense 
12,714 
11,686 
3,274 
11,805 
10,739 
Income tax expense 
3,636 
2,335 
1,911 
2,866 
2,599 
Net income 
$ 
9,078 
$ 
9,351 
$ 
1,363 
$ 
8,939 
$ 
8,140 
Per share information: 
Net income per common share, basic 
$ 
0.49 
$ 
0.51 
$ 
0.08 
$ 
0.46 
$ 
0.41 
Net income per common share, diluted 
$ 
0.49 
$ 
0.51 
$ 
0.07 
$ 
0.45 
$ 
0.40 
Cash dividends declared 
$ 
0.125 
$ 
0.125 
$ 
0.10 
$ 
0.10 
$ 
0.10 
Balance sheet data (at period-end): 
Cash and cash equivalents 
$ 
118,154 
$ 
78,963 
$ 
38,477 
$ 
56,811 
$ 
54,819 
Securities available-for-sale 
$ 
332,859 
$ 
277,160 
$ 
307,490 
$ 
324,179 
$ 
285,382 
Securities held-to-maturity 
$ 
136,127 
$ 
149,931 
$ 
153,941 
$ 
156,365 
$ 
158,740 
Total securities 
$ 
468,986 
$ 
427,091 
$ 
461,431 
$ 
480,544 
$ 
444,122 
Loans held for investment 
(1)
$ 
2,322,385 
$ 
2,241,051 
$ 
2,189,257 
$ 
2,130,966 
$ 
2,113,318 
Allowance for credit losses 
$ 
(26,701) 
$ 
(26,102) 
$ 
(25,500) 
$ 
(24,964) 
$ 
(24,933) 
Total assets 
$ 
3,019,701 
$ 
2,845,735 
$ 
2,791,540 
$ 
2,767,945 
$ 
2,719,474 
Non-interest-bearing demand deposits 
$ 
618,062 
$ 
620,714 
$ 
583,860 
$ 
584,240 
$ 
584,895 
Interest-bearing deposits 
$ 
1,834,209 
$ 
1,872,866 
$ 
1,761,220 
$ 
1,871,374 
$ 
1,750,766 
Total deposits 
$ 
2,452,271 
$ 
2,493,580 
$ 
2,345,080 
$ 
2,455,614 
$ 
2,335,661 
FHLB advances 
$ 
240,900 
$ 
53,000 
$ 
158,250 
$ 
11,000 
$ 
108,000 
Subordinated notes 
$ 
39,376 
$ 
39,338 
$ 
39,300 
$ 
39,262 
$ 
- 
Total liabilities 
$ 
2,786,463 
$ 
2,622,489 
$ 
2,574,357 
$ 
2,558,850 
$ 
2,487,891 
Total stockholders' equity 
$ 
233,238 
$ 
223,246 
$ 
217,183 
$ 
209,095 
$ 
231,583 
Capital ratios:
(2)
Leverage ratio 
8.81% 
8.61% 
8.46% 
8.47% 
9.72% 
Common equity tier 1 capital 
11.01% 
11.09% 
10.92% 
11.17% 
12.52% 
Tier 1 risk-based capital 
11.01% 
11.09% 
10.92% 
11.17% 
12.52% 
Total risk-based capital 

13.88% 
14.09% 
13.91% 
14.20% 
13.73% 
(1) 
Loan amounts include deferred fees/costs. 
(2) 
Reflects the Company's regulatory capital ratios. The 
Bank's total risk-based capital ratio at June 30, 
2026 was 13.68%. 
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6 
USCB FINANCIAL HOLDINGS, INC. 
AVERAGE BALANCES, RATIOS, AND OTHER DATA 
(UNAUDITED) 
(Dollars in thousands) 
As of or For the Three Months Ended 
6/30/2026 
3/31/2026 
12/31/2025 
9/30/2025 
6/30/2025 
Average balance sheet data: 
Cash and cash equivalents 
$ 
87,949 
$ 
112,107 
$ 
82,338 
$ 
139,389 
$ 
71,388 
Securities available-for-sale 
$ 
314,581 
$ 
295,065 
$ 
332,356 
$ 
299,892 
$ 
281,840 
Securities held-to-maturity 
$ 
140,533 
$ 
152,144 
$ 
155,269 
$ 
157,702 
$ 
160,443 
Total securities 
$ 
455,114 
$ 
447,209 
$ 
487,625 
$ 
457,594 
$ 
442,283 
Loans held for investment
(1)
$ 
2,258,965 
$ 
2,177,734 
$ 
2,130,898 
$ 
2,099,043 
$ 
2,057,445 
Total assets 
$ 
2,900,725 
$ 
2,834,717 
$ 
2,799,863 
$ 
2,798,115 
$ 
2,677,198 
Interest-bearing deposits 
$ 
1,856,763 
$ 
1,842,283 
$ 
1,857,218 
$ 
1,887,545 
$ 
1,710,568 
Non-interest-bearing demand deposits 
$ 
632,198 
$ 
584,784 
$ 
595,969 
$ 
569,522 
$ 
580,121 
Total deposits 
$ 
2,488,961 
$ 
2,427,067 
$ 
2,453,187 
$ 
2,457,067 
$ 
2,290,689 
FHLB advances 
$ 
100,685 
$ 
110,045 
$ 
51,462 
$ 
40,065 
$ 
116,527 
Subordinated notes 
$ 
39,351 
$ 
39,313 
$ 
39,287 
$ 
26,029 
$ 
- 
Total liabilities 
$ 
2,671,792 
$ 
2,612,491 
$ 
2,587,470 
$ 
2,572,799 
$ 
2,448,706 
Total stockholders' equity 
$ 
228,933 
$ 
222,226 
$ 
212,393 
$ 
225,316 
$ 
228,492 
Performance ratios: 
Return on average assets 
(2)
1.26% 
1.34% 
0.19% 
 

1.27% 
 

1.22% 
Return on average equity 
(2)
15.90% 
17.07% 
2.55% 
15.74% 
14.29% 
Net interest margin 
(2)
3.49% 
3.27% 
3.27% 
3.14% 
3.28% 
Non-interest income to average assets 
(2)
0.49% 
0.59% 
(0.59)% 
0.52% 
0.50% 
Non-interest expense to average assets 
(2)
1.93% 
1.96% 
2.02% 
1.85% 
1.89% 
Efficiency ratio 
(3)
49.97% 
52.34% 
79.18% 
52.28% 
51.77% 
Loans by type (at period end): 
(4)
Residential real estate 
$ 
356,747 
$ 
346,917 
$ 
307,692 
$ 
316,557 
$ 
307,020 
Commercial real estate 
$ 
1,314,367 
$ 
1,259,642 
$ 
1,244,835 
$ 
1,226,121 
$ 
1,206,621 
Commercial and industrial 
$ 
300,265 
$ 
291,333 
$ 
295,548 
$ 
269,430 
$ 
263,966 
Correspondent banks 
$ 
137,912 
$ 
128,722 
$ 
127,968 
$ 
104,598 
$ 
110,155 
Consumer and other 

$ 
207,404 
$ 
207,794 
$ 
207,215 
$ 
207,939 
$ 
218,426 
Asset quality data: 
Allowance for credit losses to total loans 
1.15% 
1.16% 
1.16% 
1.17% 
1.18% 
Allowance for credit losses to non-performing loans 
1243% 
717% 
813% 
1906% 
1825% 
Total non-performing loans
(5)
$ 
2,148 
$ 
3,640 
$ 
3,138 
$ 
1,310 
$ 
1,366 
Non-performing loans to total loans 
0.09% 
0.16% 
0.14% 
0.06% 
0.06% 
Non-performing assets to total assets
(5)
0.07% 
0.13% 
0.11% 
0.05% 
0.05% 
Net charge-offs (recoveries of) to average loans 
(2)
0.05% 
(0.00)% 
(0.00)% 
(0.00)% 
0.14% 
Net charge-offs (recoveries) of credit losses 
$ 
288 
$ 
(4) 
$ 
(11) 
$ 
(4) 
$ 
702 
Interest rates and yields:
(2)
Loans held for investment 

6.20% 
6.11% 
6.16% 
6.21% 
6.23% 
Investment securities 

3.35% 
3.05% 
3.01% 
3.03% 
3.06% 
Total interest-earning assets 
5.67% 
5.49% 
5.54% 
5.56% 
5.64% 
Deposits
(6)
2.16% 
2.20% 
2.28% 
2.53% 
2.46% 
FHLB advances 
3.89% 
3.83% 
3.91% 
3.73% 
3.72% 
Subordinated notes 
8.15% 
8.26% 
8.09% 
6.16% 
- 
Total interest-bearing liabilities 
3.05% 
3.05% 
3.14% 
3.34% 
3.32% 
Other information: 
Full-time equivalent employees 
216 
211 
204 
206 
203 
(1) 
Loan amounts include deferred fees/costs. 
(2) 
Annualized. 
(3) 
Efficiency ratio is defined as total non-interest expense divided 
by the sum of net interest income and total non-interest income. 
(4) 
Loan amounts exclude deferred fees/costs. 
(5) 
The amounts for total non-performing loans and total non-performing 
assets are the same at the dates presented since there was 
no other real estate owned (OREO) 
recorded at any of the dates presented. 
(6) Reflects effect of non-interest-bearing deposits. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7 
USCB FINANCIAL HOLDINGS, INC. 

NET INTEREST MARGIN (UNAUDITED) 
(Dollars in thousands) 
Three Months Ended June 30, 
2026 
2025 
Average 

Balance 
Interest 
Yield/Rate 
(1)
Average 

Balance 
Interest 
Yield/Rate 
(1)
Assets 
Interest-earning assets: 
Loans held for investment
(2)
$ 
2,258,965 
$ 
34,899 
6.20% 
$ 
2,057,445 
$ 
31,946 
6.23% 
Investment securities 
(3)
461,849 
3,858 
3.35% 
449,624 
3,432 
3.06% 
Other interest-earning assets 
80,640 
823 
4.09% 
63,974 
776 
4.87% 
Total interest-earning assets 
2,801,454 
39,580 
5.67% 
2,571,043 
36,154 
5.64% 
Non-interest-earning assets 
99,271 
106,155 
Total assets 
$ 
2,900,725 
$ 
2,677,198 
Liabilities and stockholders' equity 
Interest-bearing liabilities: 
Interest-bearing checking deposits 
$ 
51,711 
311 
2.41% 
$ 
46,694 
285 
2.45% 
Savings and money market deposits 
1,280,578 
8,478 
2.66% 
1,211,513 
9,410 
3.12% 
Time deposits 
524,474 
4,628 
3.54% 
452,361 
4,343 
3.85% 
Total interest-bearing deposits 
1,856,763 
13,417 
2.90% 
1,710,568 
14,038 
3.29% 
FHLB advances 
100,685 
976 
3.89% 
116,527 
1,082 
3.72% 
Subordinated notes 
39,351 
800 
8.15% 
- 
- 
- % 
Total interest-bearing liabilities 
1,996,799 
15,193 
3.05% 
1,827,095 
15,120 
3.32% 
Non-interest-bearing demand deposits 
632,198 
580,121 
Other non-interest-bearing liabilities 
42,795 
41,490 
Total liabilities 
2,671,792 
2,448,706 
Stockholders' equity 
228,933 
228,492 
Total liabilities and stockholders' equity 
$ 
2,900,725 
$ 
2,677,198 
Net interest income 
$ 
24,387 
$ 
21,034 
Net interest spread 
(4)
2.62% 
2.32% 
Net interest margin 
(5)
3.49% 
3.28% 
(1) 
Annualized. 
(2) 
Average loan balances include non-accrual loans. Interest income on loans includes accretion 
of deferred loan fees, net of deferred loan costs. 
(3) 
At fair value except for securities held to maturity. This amount includes 
FHLB stock. 
(4) 
Net interest spread is the average yield earned on total 
interest-earning assets minus the average rate paid on total interest-bearing 
liabilities. 
(5) 
Net interest margin is the ratio of net interest income to total 
interest-earning assets. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8 
USCB FINANCIAL HOLDINGS, INC. 
NON-GAAP FINANCIAL MEASURES (UNAUDITED) 
(Dollars in thousands) 
As of or For the Three Months Ended 
6/30/2026 
3/31/2026 
12/31/2025 
9/30/2025 
6/30/2025 
Pre-tax pre-provision ("PTPP") income:
(1)
Net income 
$ 
9,078 
$ 
9,351 
$ 
1,363 
$ 
8,939 
$ 
8,140 
Plus: Income tax expense 
3,636 
2,335 
1,911 
2,866 
2,599 
Plus: Provision for credit losses 
1,267 
801 
480 
105 
1,031 
PTPP income 
$ 
13,981 
$ 
12,487 
$ 
3,754 
$ 
11,910 
$ 
11,770 
PTPP return on average assets:
(1)
PTPP income 
$ 
13,981 
$ 
12,487 
$ 
3,754 
$ 
11,910 
$ 
11,770 
Average assets 
$ 
2,900,725 
$ 
2,834,717 
$ 
2,799,863 
$ 
2,798,115 
$ 
2,677,198 
PTPP return on average assets 
(2)
1.93% 
1.79% 
0.53% 
1.69% 
1.76% 
Operating net income:
(1)
Net income 
$ 
9,078 
$ 
9,351 
$ 
1,363 
$ 
8,939 
$ 
8,140 
Less: Net gains (losses) on sale of securities 
- 
14 
(7,498) 
(28) 
- 
Less: Tax effect on sale of securities
- 
(4) 
1,900 
7 
- 
Plus: Tax (benefit) liability expense from prior periods
- 
(619) 
(3) 
1,096 
(4) 
- 
- 
Operating net income 
$ 
9,078 
$ 
8,722 
$ 
8,057 
$ 
8,960 
$ 
8,140 
Operating return on average assets:
(1)
Operating net income 
$ 
9,078 
$ 
8,722 
$ 
8,057 
$ 
8,960 
$ 
8,140 
Average assets 
$ 
2,900,725 
$ 
2,834,717 
$ 
2,799,863 
$ 
2,798,115 
$ 
2,677,198 
Operating net income return on average assets 
(2)
1.26% 
1.25% 
1.14% 
1.27% 
1.22% 
Operating return on average equity:
(1)
Operating net income 
$ 
9,078 
$ 
8,722 
$ 
8,057 
$ 
8,960 
$ 
8,140 
Average equity 
$ 
228,933 
$ 
222,226 
$ 
212,393 
$ 
225,316 
$ 
228,492 
Operating net income return on average equity 
(2)
15.90% 
15.92% 
15.05% 
15.78% 
14.29% 
Operating revenue:
(1)
 
Net interest income 
$ 
24,387 
 

$ 
22,048 
 

$ 
22,207 
 

$ 
21,274 
 

$ 
21,034 
 
Non-interest income 
 

3,560 
4,150 
(4,178) 
 

3,684 
 

3,370 
 
Less: Net gains (losses) on sale of securities
- 
14 
(7,498) 
(28) 
- 
 
Operating revenue 
$ 
27,947 
$ 
26,184 
$ 
25,527 
$ 
24,986 
$ 
24,404 
Operating efficiency ratio:
(1)
 
Total non-interest expense 
$ 
13,966 
 

$ 
13,711 
 

$ 
14,275 
 

$ 
13,048 
 

$ 
12,634 
 
Operating revenue 
$ 
27,947 
$ 
26,184 
$ 
25,527 
$ 
24,986 
$ 
24,404 
 
Operating efficiency ratio 
49.97% 
52.36% 
55.92% 
52.22% 
51.77% 
(1) The Company believes these non-GAAP financial measurements 
are key indicators of the ongoing earnings power of the 
Company. 

(2) 
Annualized. 
(3) 
The Company recognized a $619 thousand income tax 
benefit in the first quarter of 2026 due to an adjustment to the 
deferred tax asset calculation from 2025. 
(4) State tax liability expenses for 2024 and for the 
first three quarters of 2025 were recognized during the fourth 
quarter of 2025. The state tax expense is related to 
taxes due on interest income on loans whose collateral is 
located outside of the State of Florida. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9 
USCB FINANCIAL HOLDINGS, INC. 
NON-GAAP FINANCIAL MEASURES (UNAUDITED) 
(Dollars in thousands, except per share data) 
As of or For the Three Months Ended 
6/30/2026 
3/31/2026 
12/31/2025 
9/30/2025 
6/30/2025 
Tangible book value per common share (at period-end):
(1)(4)
Total stockholders' equity 
$ 
233,238 
$ 
223,246 
$ 
217,183 
$ 
209,095 
$ 
231,583 
Less: Intangible assets 
- 
- 
- 
- 
- 
Tangible stockholders' equity
(3)
$ 
233,238 
$ 
223,246 
$ 
217,183 
$ 
209,095 
$ 
231,583 
Total shares issued and outstanding (at period-end): 
Total common shares issued and outstanding 
18,459,470 
18,257,400 
18,137,885 
18,107,385 
20,078,385 
Tangible book value per common share
(2)
$ 
12.64 
$ 
12.23 
$ 
11.97 
$ 
11.55 
$ 
11.53 
Operating diluted net income per common share:
(1)
Operating net income 
$ 
9,078 
$ 
8,722 
$ 
8,057 
$ 
8,960 
$ 
8,140 
Total weighted average diluted shares of common stock 
18,509,572 
18,454,006 
18,348,725 
19,755,820 
20,295,794 
Operating diluted net income per common share: 
$ 
0.49 
$ 
0.47 
$ 
0.44 
$ 
0.45 
$ 
0.40 
Tangible Common Equity/Tangible Assets
(1)(4)
 
Tangible stockholders' equity
(3)
$ 
233,238 
$ 
223,246 
$ 
217,183 
$ 
209,095 
$ 
231,583 
 
Tangible total assets
(3)
$ 
3,019,701 
$ 
2,845,735 
$ 
2,791,540 
$ 
2,767,945 
$ 
2,719,474 
Tangible Common Equity/Tangible Assets 
7.72% 
7.84% 
7.78% 
7.55% 
8.52% 
(1) 
The Company believes these non-GAAP financial measurements 
are key indicators of the ongoing earnings power of the 
Company. 
(2) 
Excludes the dilutive effect, if any, of shares of common stock issuable upon exercise of outstanding 
stock options. 
(3) Since the Company has no intangible assets, tangible 
stockholders’ equity and tangible total assets are the 
same amounts as stockholders’ equity and total assets, 
respectively, as calculated under GAAP. 
(4) The decrease in total stockholders’ equity in September 
2025 was primarily driven by the repurchase of 2.0 
million shares of Class A common stock, as previously 
disclosed.