USCB Financial Holdings, Inc. Reports Third Quarter 2026 Fully Diluted EPS of $0.51, ROAA of 1.27%, and ROAE of 16.03%

Higher net interest income accompanied lower fee-related income, rising operating expenses and an increase in non-performing loans.

Rhea-AI Summary

USCB Financial Holdings (USCB) reported third-quarter 2026 diluted earnings per share of $0.51, higher than a year earlier. Net income reached $9.5 million versus $8.9 million, while diluted EPS rose from $0.45. Net interest income increased 14.2% to $24.3 million, and net interest margin widened to 3.37% from 3.14%.

Loans grew 9.0% to $2.3 billion, but deposits declined 0.4%. Non-performing loans rose to $7.7 million from $1.3 million. Non-interest income fell 27.5%, and non-interest expense increased 12.9%. Nine-month net income was $27.957 million versus $24.737 million, with diluted EPS of $1.51 versus $1.23.

The board declared a $0.125 quarterly dividend, payable December 4, 2026, to holders of record November 16. Tangible book value per share, a non-GAAP measure, increased 7.6% to $12.42. Company and bank total risk-based capital ratios were 14.07% and 13.93%, respectively.

14 points · 0 major

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Positive

• Moderate pointThird-quarter net income rose to $9.5 million from $8.9 million; diluted EPS increased to $0.51 from $0.45.
• Moderate pointThird-quarter net interest income increased 14.2% to $24.3 million year over year.
• Moderate pointThird-quarter net interest margin widened to 3.37% from 3.14% a year earlier.
• Moderate pointLoans held for investment grew 9.0% to $2.3 billion from September 30, 2025.
• Moderate pointTotal assets increased 8.8% to $3.0 billion from September 30, 2025.
• Moderate pointStockholders’ equity increased 9.7% to $229.4 million from September 30, 2025.
• Moderate pointThird-quarter cash dividends declared increased to $0.125 per share from $0.10 a year earlier.
• Moderate pointNon-GAAP tangible book value per share increased 7.6% to $12.42 from September 30, 2025.

6 minor points

• Minor pointNine-month net income increased to $27.957 million from $24.737 million; diluted EPS reached $1.51 versus $1.23.
• Minor pointNine-month net interest income increased to $70.735 million from $61.423 million a year earlier.
• Minor pointAnnualized third-quarter return on average equity increased to 16.03% from 15.74% a year earlier.
• Minor pointThird-quarter credit-loss provision decreased to $53 thousand from $105 thousand a year earlier.
• Minor pointNine-month cash dividends declared increased to $0.375 per share from $0.30 a year earlier.
• Minor pointCompany and bank total risk-based capital ratios of 14.07% and 13.93% exceeded well-capitalized regulatory minimums.

Negative

• Moderate pointNon-performing loans rose to $7.7 million, or 0.33% of loans, from $1.3 million, or 0.06%, a year earlier.
• Moderate pointThird-quarter non-interest income declined 27.5% to $2.7 million year over year.
• Moderate pointThird-quarter non-interest expense increased 12.9% to $14.7 million year over year.
• Moderate pointThird-quarter efficiency ratio worsened to 54.62% from 52.28% a year earlier.
• Minor pointDeposits decreased $9.3 million, or 0.4%, from September 30, 2025.

5 minor points

• Minor pointAccumulated other comprehensive loss widened to $43.3 million from $37.8 million a year earlier.
• Minor pointCredit-loss allowance coverage declined to 1.16% of loans from 1.17% a year earlier.
• Minor pointNine-month credit-loss provision increased to $2.121 million from $1.817 million a year earlier.
• Minor pointNine-month non-interest income decreased to $10.382 million from $10.770 million a year earlier.
• Minor pointNine-month non-interest expense increased to $42.408 million from $37.734 million a year earlier.

Key Figures

Net income: $9.5 million vs. $8.9 million Diluted EPS: $0.51 vs. $0.45 ROAA: 1.27% +5 more

Net income

$9.5 million vs. $8.9 million

Third quarter 2026 vs. third quarter 2025

Diluted EPS

$0.51 vs. $0.45

Third quarter 2026 vs. third quarter 2025

ROAA

1.27%

Annualized, third quarter 2026; article also reports 1.27% for third quarter 2025

ROAE

16.03% vs. 15.74%

Annualized, third quarter 2026 vs. third quarter 2025

Net interest margin

3.37% vs. 3.14%

Third quarter 2026 vs. third quarter 2025

Efficiency ratio

54.62% vs. 52.28%

Third quarter 2026 vs. third quarter 2025

Non-performing loans to total loans

0.33% vs. 0.06%

Third quarter 2026 vs. third quarter 2025

Quarterly cash dividend

$0.125 per share

Class A common stock

Previous Earnings Reports

1 past event · Latest: Jul 23

Same Type 1 event

1. Jul 23

   Earnings report

   24h Move

   +6.4%

   Q2 2026 reported diluted EPS of $0.49, NIM of 3.49%, ROAA of 1.26%, and ROAE of 15.90%.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

return on average equity, return on average assets, net interest margin, allowance for credit losses, +1 more

5 terms

return on average equity financial

"We delivered a return on average equity of 16.03%"

Return on average equity (ROAE) measures how much profit a company generates for its shareholders’ invested capital over a period, calculated by dividing net profit by the average shareholder equity during that period. It matters to investors because it shows how efficiently management turns owners’ money into earnings—like how much bread a baker bakes from the same oven space—helping compare profitability across companies and track performance over time.

return on average assets financial

"and a return on average assets of 1.27%"

Return on average assets (ROAA) measures how efficiently a company turns its assets into profit by comparing profit after expenses to the average value of its assets over a period (usually the average of beginning and ending assets). It matters to investors because it shows how well management uses the company’s resources to generate returns—think of it as how much profit a baker earns from the oven space they actually used over time.

net interest margin financial

"our net interest margin expanded 23 basis points to 3.37%"

Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.

allowance for credit losses financial

"The allowance for credit losses (“ACL”) increased by $2.1 million"

Allowance for credit losses is a reserve set aside by a financial institution to cover potential losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution prepare for loans that might turn sour. For investors, it signals how cautious the institution is about the quality of its loans and potential risks to its financial health.

gaap financial

"other than in accordance with generally accepted accounting principles (“GAAP”)"

GAAP, or Generally Accepted Accounting Principles, are a set of standardized rules and guidelines that companies follow when preparing their financial statements. They ensure consistency, transparency, and comparability across different companies, making it easier for investors to understand and compare financial information accurately. This helps investors make informed decisions based on trustworthy and uniform financial reports.

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MIAMI, Oct. 22, 2026 (GLOBE NEWSWIRE) -- USCB Financial Holdings, Inc. (the “Company”) (NASDAQ: USCB), the holding company for U.S. Century Bank (the “Bank”), reported net income of $9.5 million or $0.51 per fully diluted share for the three months ended September 30, 2026, compared with net income of $8.9 million or $0.45 per fully diluted share for the same period in 2025.

“Third quarter net income of $9.5 million was the highest quarterly net income since our initial public offering in 2021, and net income of $28.0 million for the first nine months of 2026 has already surpassed full-year net income for every year since our IPO," said Luis de la Aguilera, Chairman, President and CEO. "We delivered a return on average equity of 16.03% and a return on average assets of 1.27%. Compared with the third quarter of 2025, net interest income grew 14.2%, loans grew 9.0%, and our net interest margin expanded 23 basis points to 3.37%. We remain focused on disciplined growth and building 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 September 30, 2026 compared to at or for the quarter ended September 30, 2025 and annualized where appropriate.

Profitability

• Annualized return on average assets for the quarters ended September 30, 2026 and 2025 was 1.27%.
  
• Annualized return on average stockholders’ equity for the quarter ended September 30, 2026 was 16.03% compared to 15.74% for the third quarter of 2025.
  
• The efficiency ratio for the quarter ended September 30, 2026 was 54.62% compared to 52.28% for the third quarter of 2025.
  
• Net interest margin for the quarter ended September 30, 2026 was 3.37% compared to 3.14% for the third quarter of 2025.
  
• Net interest income before provision for credit losses was $24.3 million for the quarter ended September 30, 2026, an increase of $3.0 million or 14.2% compared to $21.3 million for the same period in 2025.
  
  

Balance Sheet

• Total assets were $3.0 billion at September 30, 2026, representing an increase of $243.5 million or 8.8% from $2.8 billion at September 30, 2025.
  
• Total loans held for investment were $2.3 billion at September 30, 2026, representing an increase of $191.1 million or 9.0% from $2.1 billion at September 30, 2025.
  
• Total deposits were $2.4 billion at September 30, 2026, representing a decrease of $9.3 million or 0.4% from $2.5 billion at September 30, 2025.
  
• Total stockholders’ equity was $229.4 million at September 30, 2026, representing an increase of $20.3 million or 9.7% from $209.1 million at September 30, 2025. Total stockholders’ equity included accumulated other comprehensive loss of $43.3 million at September 30, 2026 compared to accumulated other comprehensive loss of $37.8 million at September 30, 2025.
  
  

Asset Quality

• The allowance for credit losses (“ACL”) increased by $2.1 million to $27.0 million at September 30, 2026 from $25.0 million at September 30, 2025.
  
• The ACL represented 1.16% of total loans at September 30, 2026 and 1.17% of total loans at September 30, 2025.
  
• The provision for credit losses was $53 thousand for the quarter ended September 30, 2026, a decrease of $52 thousand compared to $105 thousand for the same period in 2025.
  
• The ratio of non-performing loans to total loans was 0.33% for the quarter ended September 30, 2026 and 0.06% for the quarter ended September 30, 2025. Non-performing loans totaled $7.7 million at September 30, 2026 and $1.3 million at September 30, 2025.
  
  

Non-interest Income and Non-interest Expense

• Non-interest income was $2.7 million for the three months ended September 30, 2026, a decrease of $1.0 million or 27.5% compared to $3.7 million for the same period in 2025.
  
• Non-interest expense was $14.7 million for the three months ended September 30, 2026, an increase of $1.7 million or 12.9% compared to $13.0 million for the three months ended September 30, 2025.
  
  

Capital

• On October 19, 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 December 4, 2026 to shareholders of record at the close of business on November 16, 2026.
  
• As of September 30, 2026, total risk-based capital ratios for the Company and the Bank were 14.07% and 13.93%, respectively, well in excess of the well-capitalized minimum threshold regulatory requirements.
  
• Tangible book value per common share (non-GAAP financial measure) was $12.42 at September 30, 2026, representing an increase of $0.87 or 7.6% from $11.55 at September 30, 2025. At September 30, 2026, tangible book value per common share was negatively affected by ($2.35) per share due to an accumulated other comprehensive loss of $43.3 million primarily due to changes in the market value of the Company’s available for sale securities. At September 30, 2025, tangible book value per common share was negatively affected by ($2.09) per share due to an accumulated other comprehensive loss of $37.8 million.
  
  

Conference Call and Webcast

The Company will host a conference call on Friday, October 23, 2026, at 11:00 a.m. Eastern Time to discuss the Company’s unaudited financial results for the quarter ended September 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.

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 potential 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
InvestorRelations@uscentury.com 

Media Relations
Martha Guerra-Kattou
MGuerra@uscentury.com 

USCB FINANCIAL HOLDINGS, INC.
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
(Dollars in thousands, except per share data)
	Three Months Ended September 30,							Nine Months Ended September 30,
	2026			2025				2026			2025
Interest income:
Loans, including fees	$	35,547		$	32,866			$	103,235		$	95,057
Investment securities		4,013			3,522				11,282			9,978
Interest-bearing deposits in financial institutions		639			1,332				2,294			2,817
Total interest income		40,199			37,720				116,811			107,852
Interest expense:
Interest-bearing checking deposits		357			286				978			909
Savings and money market deposits		8,554			10,343				25,165			29,088
Time deposits		4,974			5,036				14,302			13,297
FHLB advances		1,213			377				3,229			2,731
Subordinated notes		801			404				2,402			404
Total interest expense		15,899			16,446				46,076			46,429
Net interest income before provision for credit losses		24,300			21,274				70,735			61,423
Provision for credit losses		53			105				2,121			1,817
Net interest income after provision for credit losses		24,247			21,169				68,614			59,606
Non-interest income:
Service fees		1,542			2,661				7,243			7,394
Gain (loss) on sale of securities available-for-sale, net		-			(28	)			14			(28	)
Gain on sale of loans held for sale, net		165			128				271			804
Other non-interest income		965			923				2,854			2,600
Total non-interest income		2,672			3,684				10,382			10,770
Non-interest expense:
Salaries and employee benefits		9,295			7,909				26,402			23,499
Occupancy		1,352			1,382				4,037			4,003
Regulatory assessments and fees		392			377				1,273			1,194
Consulting and legal fees		663			585				1,807			1,041
Network and information technology services		802			656				1,886			1,725
Other operating expense		2,227			2,139				7,003			6,272
Total non-interest expense		14,731			13,048				42,408			37,734
Income before income tax expense		12,188			11,805				36,588			32,642
Income tax expense		2,660			2,866				8,631			7,905
Net income	$	9,528		$	8,939			$	27,957		$	24,737
Per share information:
Net income per common share, basic	$	0.52		$	0.46			$	1.52		$	1.25
Net income per common share, diluted	$	0.51		$	0.45			$	1.51		$	1.23
Cash dividends declared	$	0.125		$	0.10			$	0.375		$	0.30
Weighted average shares outstanding:
Common shares, basic		18,467,835			19,524,798				18,343,870			19,866,514
Common shares, diluted		18,662,385			19,755,820				18,518,527			20,106,050

USCB FINANCIAL HOLDINGS, INC.
SELECTED FINANCIAL DATA (UNAUDITED)
(Dollars in thousands, except per share data)
	As of or For the Three Months Ended
	9/30/2026				6/30/2026				3/31/2026				12/31/2025				9/30/2025
Income statement data:
Net interest income before provision for credit losses	$	24,300			$	24,387			$	22,048			$	22,207			$	21,274
Provision for credit losses		53				1,267				801				480				105
Net interest income after provision for credit losses		24,247				23,120				21,247				21,727				21,169
Service fees		1,542				2,601				3,100				2,209				2,661
Gain (loss) on sale of securities available for sale, net		-				-				14				(7,498	)			(28	)
Gain on sale of loans held for sale, net		165				-				106				197				128
Other non-interest income		965				959				930				914				923
Total non-interest income		2,672				3,560				4,150				(4,178	)			3,684
Salaries and employee benefits		9,295				8,537				8,570				8,668				7,909
Occupancy		1,352				1,369				1,316				1,327				1,382
Regulatory assessments and fees		392				397				484				443				377
Consulting and legal fees		663				583				561				900				585
Network and information technology services		802				524				560				599				656
Other operating expense		2,227				2,556				2,220				2,338				2,139
Total non-interest expense		14,731				13,966				13,711				14,275				13,048
Income before income tax expense		12,188				12,714				11,686				3,274				11,805
Income tax expense		2,660				3,636				2,335				1,911				2,866
Net income	$	9,528			$	9,078			$	9,351			$	1,363			$	8,939
Per share information:
Net income per common share, basic	$	0.52			$	0.49			$	0.51			$	0.08			$	0.46
Net income per common share, diluted	$	0.51			$	0.49			$	0.51			$	0.07			$	0.45
Cash dividends declared	$	0.125			$	0.125			$	0.125			$	0.10			$	0.10
Balance sheet data (at period-end):
Cash and cash equivalents	$	92,727			$	118,154			$	78,963			$	38,477			$	56,811
Securities available-for-sale	$	342,624			$	332,859			$	277,160			$	307,490			$	324,179
Securities held-to-maturity	$	133,101			$	136,127			$	149,931			$	153,941			$	156,365
Total securities	$	475,725			$	468,986			$	427,091			$	461,431			$	480,544
Loans held for investment (1)	$	2,322,094			$	2,322,385			$	2,241,051			$	2,189,257			$	2,130,966
Allowance for credit losses	$	(27,018	)		$	(26,701	)		$	(26,102	)		$	(25,500	)		$	(24,964	)
Total assets	$	3,011,481			$	3,019,701			$	2,845,735			$	2,791,540			$	2,767,945
Non-interest-bearing demand deposits	$	601,792			$	618,062			$	620,714			$	583,860			$	584,240
Interest-bearing deposits	$	1,844,523			$	1,834,209			$	1,872,866			$	1,761,220			$	1,871,374
Total deposits	$	2,446,315			$	2,452,271			$	2,493,580			$	2,345,080			$	2,455,614
FHLB advances	$	232,000			$	240,900			$	53,000			$	158,250			$	11,000
Subordinated notes	$	39,414			$	39,376			$	39,338			$	39,300			$	39,262
Total liabilities	$	2,782,119			$	2,786,463			$	2,622,489			$	2,574,357			$	2,558,850
Total stockholders' equity	$	229,362			$	233,238			$	223,246			$	217,183			$	209,095
Capital ratios:(2)
Leverage ratio		8.88	%			8.81	%			8.61	%			8.46	%			8.47	%
Common equity tier 1 capital		11.23	%			11.01	%			11.09	%			10.92	%			11.17	%
Tier 1 risk-based capital		11.23	%			11.01	%			11.09	%			10.92	%			11.17	%
Total risk-based capital		14.07	%			13.88	%			14.09	%			13.91	%			14.20	%
(1) Loan amounts include deferred fees/costs.
(2) Reflects the Company's regulatory capital ratios. The Bank's total risk-based capital ratio at September 30, 2026 was 13.93%.

USCB FINANCIAL HOLDINGS, INC.
AVERAGE BALANCES, RATIOS, AND OTHER DATA (UNAUDITED)
(Dollars in thousands)
	As of or For the Three Months Ended
	9/30/2026				6/30/2026				3/31/2026				12/31/2025				9/30/2025
Average balance sheet data:
Cash and cash equivalents	$	81,521			$	87,949			$	112,107			$	82,338			$	139,389
Securities available-for-sale	$	334,203			$	314,581			$	295,065			$	332,356			$	299,892
Securities held-to-maturity	$	134,917			$	140,533			$	152,144			$	155,269			$	157,702
Total securities	$	469,120			$	455,114			$	447,209			$	487,625			$	457,594
Loans held for investment(1)	$	2,309,091			$	2,258,965			$	2,177,734			$	2,130,898			$	2,099,043
Total assets	$	2,965,481			$	2,900,725			$	2,834,717			$	2,799,863			$	2,798,115
Interest-bearing deposits	$	1,900,985			$	1,856,763			$	1,842,283			$	1,857,218			$	1,887,545
Non-interest-bearing demand deposits	$	610,271			$	632,198			$	584,784			$	595,969			$	569,522
Total deposits	$	2,511,256			$	2,488,961			$	2,427,067			$	2,453,187			$	2,457,067
FHLB advances	$	121,110			$	100,685			$	110,045			$	51,462			$	40,065
Subordinated notes	$	39,389			$	39,351			$	39,313			$	39,287			$	26,029
Total liabilities	$	2,729,596			$	2,671,792			$	2,612,491			$	2,587,470			$	2,572,799
Total stockholders' equity	$	235,885			$	228,933			$	222,226			$	212,393			$	225,316
Performance ratios:
Return on average assets (2)		1.27	%			1.26	%			1.34	%			0.19	%			1.27	%
Return on average equity (2)		16.03	%			15.90	%			17.07	%			2.55	%			15.74	%
Net interest margin (2)		3.37	%			3.49	%			3.27	%			3.27	%			3.14	%
Non-interest income to average assets (2)		0.36	%			0.49	%			0.59	%			(0.59	)%			0.52	%
Non-interest expense to average assets (2)		1.97	%			1.93	%			1.96	%			2.02	%			1.85	%
Efficiency ratio (3)		54.62	%			49.97	%			52.34	%			79.18	%			52.28	%
Loans by type (at period end): (4)
Residential real estate	$	347,565			$	356,747			$	346,917			$	307,692			$	316,557
Commercial real estate	$	1,349,240			$	1,314,367			$	1,259,642			$	1,244,835			$	1,226,121
Commercial and industrial	$	298,362			$	300,265			$	291,333			$	295,548			$	269,430
Correspondent banks	$	128,168			$	137,912			$	128,722			$	127,968			$	104,598
Consumer and other	$	193,688			$	207,404			$	207,794			$	207,215			$	207,939
Asset quality data:
Allowance for credit losses to total loans		1.16	%			1.15	%			1.16	%			1.16	%			1.17	%
Allowance for credit losses to non-performing loans		351	%			1243	%			717	%			813	%			1906	%
Total non-performing loans(5)	$	7,689			$	2,148			$	3,640			$	3,138			$	1,310
Non-performing loans to total loans		0.33	%			0.09	%			0.16	%			0.14	%			0.06	%
Non-performing assets to total assets(5)		0.26	%			0.07	%			0.13	%			0.11	%			0.05	%
Net charge-offs (recoveries of) to average loans (2)		0.00	%			0.05	%			(0.00	)%			(0.00	)%			(0.00	)%
Net charge-offs (recoveries) of credit losses	$	23			$	288			$	(4	)		$	(11	)		$	(4	)
Interest rates and yields:(2)
Loans held for investment		6.11	%			6.20	%			6.11	%			6.16	%			6.21	%
Investment securities		3.34	%			3.35	%			3.05	%			3.01	%			3.03	%
Total interest-earning assets		5.57	%			5.67	%			5.49	%			5.54	%			5.56	%
Deposits(6)		2.19	%			2.16	%			2.20	%			2.28	%			2.53	%
FHLB advances		3.97	%			3.89	%			3.83	%			3.91	%			3.73	%
Subordinated notes		8.07	%			8.15	%			8.26	%			8.09	%			6.16	%
Total interest-bearing liabilities		3.06	%			3.05	%			3.05	%			3.14	%			3.34	%
Other information:
Full-time equivalent employees		222				216				211				204				206
(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.

USCB FINANCIAL HOLDINGS, INC.
NET INTEREST MARGIN (UNAUDITED)
(Dollars in thousands)
	Three Months Ended September 30,
	2026									2025
	Average Balance			Interest			Yield/Rate (1)			Average Balance			Interest			Yield/Rate (1)
Assets
Interest-earning assets:
Loans held for investment(2)	$	2,309,091		$	35,547		6.11	%		$	2,099,043		$	32,866		6.21	%
Investment securities (3)		476,825			4,013		3.34	%			461,303			3,522		3.03	%
Other interest-earning assets		75,399			639		3.36	%			130,740			1,332		4.04	%
Total interest-earning assets		2,861,315			40,199		5.57	%			2,691,086			37,720		5.56	%
Non-interest-earning assets		104,166									107,029
Total assets	$	2,965,481								$	2,798,115
Liabilities and stockholders' equity
Interest-bearing liabilities:
Interest-bearing checking deposits	$	68,264			357		2.07	%		$	47,338			286		2.40	%
Savings and money market deposits		1,286,075			8,554		2.64	%			1,319,862			10,343		3.11	%
Time deposits		546,646			4,974		3.61	%			520,345			5,036		3.84	%
Total interest-bearing deposits		1,900,985			13,885		2.90	%			1,887,545			15,665		3.29	%
FHLB advances		121,110			1,213		3.97	%			40,065			377		3.73	%
Subordinated notes		39,389			801		8.07	%			26,029			404		6.16	%
Total interest-bearing liabilities		2,061,484			15,899		3.06	%			1,953,639			16,446		3.34	%
Non-interest-bearing demand deposits		610,271									569,522
Other non-interest-bearing liabilities		57,841									49,638
Total liabilities		2,729,596									2,572,799
Stockholders' equity		235,885									225,316
Total liabilities and stockholders' equity	$	2,965,481								$	2,798,115
Net interest income				$	24,300								$	21,274
Net interest spread (4)							2.51	%								2.22	%
Net interest margin (5)							3.37	%								3.14	%
(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.

USCB FINANCIAL HOLDINGS, INC.
NON-GAAP FINANCIAL MEASURES (UNAUDITED)
(Dollars in thousands)
	As of or For the Three Months Ended
	9/30/2026				6/30/2026				3/31/2026				12/31/2025				9/30/2025
Pre-tax pre-provision ("PTPP") income:(1)
Net income	$	9,528			$	9,078			$	9,351			$	1,363			$	8,939
Plus: Income tax expense		2,660				3,636				2,335				1,911				2,866
Plus: Provision for credit losses		53				1,267				801				480				105
PTPP income	$	12,241			$	13,981			$	12,487			$	3,754			$	11,910
PTPP return on average assets:(1)
PTPP income	$	12,241			$	13,981			$	12,487			$	3,754			$	11,910
Average assets	$	2,965,481			$	2,900,725			$	2,834,717			$	2,799,863			$	2,798,115
PTPP return on average assets (2)		1.64	%			1.93	%			1.79	%			0.53	%			1.69	%
Operating net income:(1)
Net income	$	9,528			$	9,078			$	9,351			$	1,363			$	8,939
Less: Net gain (loss) 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	$	9,528			$	9,078			$	8,722			$	8,057			$	8,960
Operating return on average assets:(1)
Operating net income	$	9,528			$	9,078			$	8,722			$	8,057			$	8,960
Average assets	$	2,965,481			$	2,900,725			$	2,834,717			$	2,799,863			$	2,798,115
Operating net income return on average assets (2)		1.27	%			1.26	%			1.25	%			1.14	%			1.27	%
Operating return on average equity:(1)
Operating net income	$	9,528			$	9,078			$	8,722			$	8,057			$	8,960
Average equity	$	235,885			$	228,933			$	222,226			$	212,393			$	225,316
Operating net income return on average equity (2)		16.03	%			15.90	%			15.92	%			15.05	%			15.78	%
Operating revenue:(1)
Net interest income	$	24,300			$	24,387			$	22,048			$	22,207			$	21,274
Non-interest income		2,672				3,560				4,150				(4,178	)			3,684
Less: Net gain (loss) on sale of securities		-				-				14				(7,498	)			(28	)
Operating revenue	$	26,972			$	27,947			$	26,184			$	25,527			$	24,986
Operating efficiency ratio:(1)
Total non-interest expense	$	14,731			$	13,966			$	13,711			$	14,275			$	13,048
Operating revenue	$	26,972			$	27,947			$	26,184			$	25,527			$	24,986
Operating efficiency ratio		54.62	%			49.97	%			52.36	%			55.92	%			52.22	%
(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.

USCB FINANCIAL HOLDINGS, INC.
NON-GAAP FINANCIAL MEASURES (UNAUDITED)
(Dollars in thousands, except per share data)
	As of or For the Three Months Ended
	9/30/2026				6/30/2026				3/31/2026				12/31/2025				9/30/2025
Tangible book value per common share (at period-end):(1)
Total stockholders' equity	$	229,362			$	233,238			$	223,246			$	217,183			$	209,095
Less: Intangible assets		-				-				-				-				-
Tangible stockholders' equity(3)	$	229,362			$	233,238			$	223,246			$	217,183			$	209,095
Total shares issued and outstanding (at period-end):
Total common shares issued and outstanding		18,465,077				18,459,470				18,257,400				18,137,885				18,107,385
Tangible book value per common share(2)	$	12.42			$	12.64			$	12.23			$	11.97			$	11.55
Operating diluted net income per common share:(1)
Operating net income	$	9,528			$	9,078			$	8,722			$	8,057			$	8,960
Total weighted average diluted shares of common stock		18,662,385				18,509,572				18,454,006				18,348,725				19,755,820
Operating diluted net income per common share:	$	0.51			$	0.49			$	0.47			$	0.44			$	0.45
Tangible Common Equity/Tangible Assets(1)
Tangible stockholders' equity(3)	$	229,362			$	233,238			$	223,246			$	217,183			$	209,095
Tangible total assets(3)	$	3,011,481			$	3,019,701			$	2,845,735			$	2,791,540			$	2,767,945
Tangible Common Equity/Tangible Assets		7.62	%			7.72	%			7.84	%			7.78	%			7.55	%
(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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were USCB’s third-quarter 2026 earnings?

USCB earned $9.5 million, or $0.51 per diluted share, compared with $8.9 million, or $0.45 per diluted share, a year earlier. Annualized return on average assets was unchanged at 1.27%, while annualized return on average equity increased to 16.03% from 15.74%.

When will USCB pay its declared quarterly dividend?

USCB will pay its $0.125-per-share quarterly cash dividend on December 4, 2026, to Class A common shareholders of record at the close of business on November 16, 2026. The board declared the dividend on October 19, 2026.

How did accumulated other comprehensive loss affect USCB’s tangible book value?

Accumulated other comprehensive loss reduced USCB’s tangible book value by $2.35 per share at September 30, 2026, compared with $2.09 per share a year earlier. The company attributed the $43.3 million accumulated loss primarily to changes in the market value of its available-for-sale securities.