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USCB Financial Holdings, Inc. reports developments for its bank holding company and wholly owned subsidiary, U.S. Century Bank. The company serves South Florida as its primary banking market and offers relationship-based deposit, lending and e-banking services, including commercial and consumer checking, money market and savings accounts, small business loans, commercial real estate loans and business credit cards.
News for USCB commonly centers on quarterly operating results, net interest income, margin performance, credit quality, regulatory capital ratios and cash dividends on Class A common stock. Company updates also cover balance sheet actions such as securities portfolio restructuring and the redeployment of assets into lending categories tied to the bank's commercial banking model.
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USCB Financial Holdings, Inc. (NASDAQ: USCB) will release its financial results for the first quarter ending March 31, 2023, after market close on April 27, 2023. A conference call discussing these results will take place on April 28, 2023, at 11:00 AM Eastern Time, featuring CEO Luis de la Aguilera and CFO Robert Anderson. Investors can join the call by dialing (866) 652-5200 with the passcode 'USCB Financial Holdings Call.' An audio webcast of the call will be accessible on the Company’s investor relations webpage. Established in 2002, USCB is one of the largest community banks in Miami and Florida, rated 5-Stars by BauerFinancial, offering a wide range of financial products and services.
USCB Financial Holdings reported a net income of $4.4 million or $0.22 per diluted share for Q4 2022, down from $5.7 million or $0.30 per diluted share in Q4 2021. A portfolio restructuring led to a sale of $17.0 million in lower-yielding securities, resulting in an after-tax loss of $1.5 million ($0.07 EPS). However, the reinvestment in higher-yielding assets may positively impact 2023 earnings by $0.03 EPS. The total assets increased to $2.1 billion, while total stockholders’ equity fell by 10.5% to $182.4 million. Non-interest income was negative $0.1 million due to the security sale losses.
USCB Financial Holdings, Inc. (NASDAQ: USCB) is set to release its financial results for Q4 2022 on January 26, 2023, after market close. A conference call will be held on January 27, 2023, at 9:00 AM ET to discuss these results, featuring CEO Luis de la Aguilera and CFO Robert Anderson. Investors can access the live audio webcast via the company's investor relations page. Established in 2002, USCB is a leading community bank in Miami, rated 5-Stars by BauerFinancial, and offers a diverse range of financial services while supporting local organizations.
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USCB Financial Holdings reported a net income of $5.6 million or $0.28 per diluted Class A share for Q3 2022, a decrease from $6.6 million in Q3 2021. Total assets increased by 16.1% to $2.0 billion, and total loans grew 21.7% to $1.4 billion. However, total stockholders’ equity dropped by 12.1% to $177.4 million, influenced by $45.2 million in unrealized security losses. Non-interest income fell by 57.6% to $1.8 million, while non-interest expenses rose by 12.5% to $10.1 million.
USCB Financial Holdings, Inc. (NASDAQ: USCB) will release its financial results for the quarter ending September 30, 2022, after market close on October 27, 2022. A conference call to discuss these results will take place on October 28, 2022, at 9:00 AM ET, hosted by CEO Luis de la Aguilera and CFO Robert Anderson. Investors can access the call via dial-in or through an audio webcast available on the company's investor relations page, which will also host a replay shortly after the call.
USCB Financial Holdings is a prominent community bank based in Miami, established in 2002.
USCB Financial Holdings, Inc. (NASDAQ: USCB) reported a net income of $5.3 million ($0.26 per diluted share) for Q2 2022, up from $4.1 million in Q2 2021. Total assets reached $2.0 billion, with loans increasing by 19.9% to $1.4 billion. The net interest margin rose to 3.37%, while the efficiency ratio improved to 55.34%. Annualized returns on average assets and stockholders’ equity were 1.08% and 11.38%, respectively. Non-interest income grew by 6.7% to $1.6 million, but non-interest expenses increased by 10.1% due to higher salaries. The company exceeded all regulatory capital requirements.
USCB Financial Holdings, Inc. (NASDAQ: USCB) will announce its financial results for the quarter ending June 30, 2022, after market closure on July 28, 2022. A conference call, featuring President Luis de la Aguilera and CFO Robert Anderson, is scheduled for July 29, 2022, at 9:00 a.m. ET. The call can be accessed via a toll-free number and will also be available as a live audio webcast on the company's investor relations page. USCB is a prominent community bank in Florida, rated 5-Stars by BauerFinancial, providing a range of financial products and supporting local organizations.