8-K - USCB - Equibles

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON,

D.C. 20549

__________________________

FORM

8-K

__________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act

of 1934

Date of Report (Date of earliest event reported):

July 25, 2024

__________________________

USCB Financial Holdings, Inc.

(Exact name of Registrant as Specified in Its Charter)

__________________________

Florida

001-41196

87-4070846

(State or Other Jurisdiction

of Incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

2301 N.W. 87th Avenue

Doral

Florida

33172

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s Telephone

Number, Including Area Code: (

305

)

715-5200

__________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation

of the registrant under

any of the following provisions:

☐

Written communications pursuant

to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a

-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b)

under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange

Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of each exchange on which registered

Class A common stock, $1.00 par value per share

USCB

The Nasdaq Stock Market LLC

Indicate by

check mark

whether the

registrant is

an emerging

growth company

as defined

in Rule

405 of

the Securities

Act of

1933

(§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b

-2 of this chapter).

Emerging growth company

☒

emerging

growth

company,

indicate

check

mark

the

registrant

has

elected

not

use

the

extended

transition

period

for

complying with any new or revised financial accounting standards provided

pursuant to Section 13(a) of the Exchange Act.

☐

Item 2.02. Results of Operations and Financial Condition.

On July 25, 2024,

USCB Financial Holdings,

Inc. (the “Company”) issued

a press release announcing

its financial results for

the quarter ended June 30, 2024. A copy of the press release is furnished as Exhibit 99.1 to this Current Report

on Form 8-K (“Form 8-

K”) and is incorporated herein by reference.

The information

in this Item

2.02, including

Exhibit 99.1, is

being furnished

and shall not

be deemed

“filed” for purposes

Section 18 of the

Securities Exchange Act

of 1934 (the “Exchange

Act”), or otherwise subject

to the liability of

that section, and

shall

not be deemed

to be incorporated

by reference into

any filing under

the Securities Act of

1933 (the “Securities

Act”) or the

Exchange

Act except as expressly set forth by specific reference in such filing to this Form 8-K.

Item 7.01. Regulation FD Disclosure.

As previously announced, at 11:00 a.m. ET on July 26, 2024, the Company will hold an earnings conference call to discuss its

financial performance for the quarter ended June 30, 2024. A copy of the slides forming

the basis of the presentation is being furnished

as Exhibit 99.2

to this Form

8-K and is

incorporated herein by

reference. A copy

of the slides

has also been

posted to the

Company’s

investor relations website, located at investors.uscenturybank.com.

The information

in this Item

7.01, including

Exhibit 99.2, is

being furnished

and shall not

be deemed

“filed” for purposes

Section 18

of the

Exchange Act,

or otherwise

subject to

the

liability of

that section,

and

shall not

be deemed

to be

incorporated

reference into any filing under the

Securities Act or the Exchange Act

except as set forth by

specific reference in such filing to

this Form

8-K.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.

Description

99.1

USCB Financial Holdings, Inc. Press Release, dated July 25, 2024

99.2

Earnings Presentation, dated July 25, 2024

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

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.

USCB Financial Holdings, Inc.

By:

/s/ Robert Anderson

Name:

Robert Anderson

Title:

Chief Financial Officer

Date: July 25, 2024

exhibit991

exhibit991p1i0

Exhibit 99.1

EARNINGS RELEASE

USCB Financial Holdings, Inc. Reports Record Fully Diluted EPS Since

Going Public of $0.31 for Q2 2024

MIAMI,

FL –

July 25,

2024 –

USCB Financial Holdings,

Inc. (the “Company”)

(NASDAQ: USCB)

, the

holding company for

U.S. Century Bank

(the “Bank”),

reported net income of

$6.2 million or $0.31

per fully diluted

share for the three

months ended June 30, 2024,

compared with net income

of $4.2 million or

$0.21 per

fully diluted share for the same period in 2023.

“Today marks another milestone for our bank,

as we report for the

quarter a fully diluted EPS

of $0.31. This achievement reflects

the consistent execution of our

strategic

initiatives, supported

by disciplined

risk management

practices and

an associate

base committed

to superior

customer service,”

said Luis

de la

Aguilera, Chairman,

President, and CEO.

“Our focused efforts have

resulted in a ROAA above

1.00%, strong NIM expansion,

an efficiency ratio of 56%

and continued stable credit

metrics.”

said de la Aguilera.

Unless otherwise stated, all percentage comparisons in the bullet

points below are calculated at or for the

quarter ended June 30, 2024 compared to at or

for the quarter

ended June 30, 2023 and annualized where appropriate.

Profitability

•

Annualized return on average assets for the quarter ended June

30, 2024 was 1.01% compared to 0.77% for the second

quarter of 2023.

•

Annualized return on average stockholders’ equity for

the quarter ended June 30, 2024 was 12.63% compared

to 9.13% for the second quarter of 2023.

•

The efficiency ratio for the quarter ended June 30, 2024 was 56.33%

compared to 65.25% for the second quarter of 2023.

•

Net interest margin for the quarter ended June 30, 2024 was 2.94% compared

to 2.73% for the second quarter of 2023.

•

Net interest income before provision for credit losses was $17.3 million for the quarter ended June 30, 2024, an increase of $3.1 million or 22.1% compared to the

second quarter of 2023.

Balance Sheet

•

Total assets were $2.5 billion at June 30, 2024, representing an increase of $232.4 million or 10.4% from

June 30, 2023.

•

Total loans were $1.9 billion at June 30, 2024, representing an increase of $273.3 million

or 17.1% from June 30, 2023.

•

Total deposits were $2.1 billion at June 30, 2024, representing an increase of $135.4 million

or 7.0% from June 30, 2023.

•

Total stockholders’ equity

was $201.0 million at June 30, 2024, representing an increase

of $17.3 million or 9.4% from

June 30, 2023. Total stockholders’

equity

included accumulated comprehensive loss of $44.7 million at June

30, 2024 compared to accumulated comprehensive loss of

$46.3 million at June 30, 2023.

Asset Quality

•

The allowance for credit losses (“ACL”) increased by $3.4 million

to $22.2 million at June 30, 2024 from $18.8 million at June

30, 2023.

•

The ACL represented 1.19% of total loans at June 30, 2024 and

1.18% at June 30, 2023.

•

Non-performing loans to total loans was 0.04% at June 30,

2024 and 0.03% at June 30, 2023.

Non-interest Income and Non-interest Expense

•

Non-interest income was $3.2 million for the

three months ended June 30, 2024, an increase

of $1.4 million or 73.9% compared to

$1.8 million for the same period

in 2023.

•

Non-interest expense was $11.

million for the

three months ended

June 30, 2024, an

increase of $1.1

million or 10.6%

compared to $10.5

million for the

same

period in 2023.

Capital

•

On July 22, 2024, the Company’s

Board of Directors declared a cash dividend of

$0.05 per share of the Company’s

Class A common stock.

The dividend will be

paid on September 5, 2024 to shareholders of record

at the close of business on August 15, 2024.

•

As of June 30, 2024,

total risk-based capital ratios for the Company and the

Bank were 13.12% and 13.01%, respectively.

•

Tangible book value per common share (a non-GAAP

measure) was $10.24 at June

30, 2024, representing an increase

of $0.84 or 8.9% increase from

$9.40 at June

30, 2023.

•

During the quarter the Company repurchased 25,000

shares of Class A common stock at a

weighted average cost per share of

$12.04. The aggregate purchase price

for these

transactions was approximately

$301.0 thousand, including

transaction costs. As

of June 30,

2024, 547,980 shares

remained authorized for

repurchase

under the Company’s share repurchase programs.

Conference Call and Webcast

The Company will host a conference call on

Friday, July 26, 2024, at 11:00 a.m. Eastern Time to discuss the Company’s unaudited financial results

for the quarter ended

June 30, 2024. 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,” “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 balance

sheet restructuring.

These

forward-looking statements

involve significant

risks

and

uncertainties that

could

cause

our

actual

results to

differ

materially

from

those

anticipated

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

credit loss reserve

and deferred tax

asset valuation allowance;

•

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 and changes in

accounting principles, policies, practices or guidelines,

including the on-going effects of the implementation of the

Current Expected Credit Losses (“CECL”) standard;

•

the lack of

a significantly diversified loan

portfolio and the

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;

•

impacts 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

future

results,

and

there

can

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, 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 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

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

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 June 30,

Six Months Ended June 30,

2024

2023

2024

2023

Interest income:

Loans, including fees

28,017

20,847

54,660

40,558

Investment securities

3,069

2,382

5,880

4,668

Interest-bearing deposits in financial institutions

1,531

1,051

2,964

1,433

Total interest income

32,617

24,280

63,504

46,659

Interest expense:

Interest-bearing checking

391

200

760

243

Savings and money market accounts

10,071

6,968

20,465

11,753

Time deposits

3,222

2,145

6,516

3,202

FHLB advances and other borrowings

1,622

794

3,294

1,291

Total interest expense

15,306

10,107

31,035

16,489

Net interest income before provision for credit losses

17,311

14,173

32,469

30,170

Provision for credit losses

786

1,196

239

Net interest income after provision for credit losses

16,525

14,135

31,273

29,931

Non-interest income:

Service fees

1,977

1,173

3,628

2,378

Gain (loss) on sale of securities available for sale, net

(21)

Gain on sale of loans held for sale, net

417

484

441

Other non-interest income

803

579

1,549

1,118

Total non-interest income

3,211

1,846

5,675

3,916

Non-interest expense:

Salaries and employee benefits

7,353

5,882

13,663

12,259

Occupancy

1,266

1,319

2,580

2,618

Regulatory assessments and fees

476

452

909

676

Consulting and legal fees

263

386

855

744

Network and information technology services

479

505

986

983

Other operating expense

1,723

1,908

3,741

3,348

Total non-interest expense

11,560

10,452

22,734

20,628

Net income before income tax expense

8,176

5,529

14,214

13,219

Income tax expense

1,967

1,333

3,393

3,214

Net income

6,209

4,196

10,821

10,005

Per share information:

Net income per common share, basic

0.32

0.21

0.55

0.51

Net income per common share, diluted

0.31

0.21

0.55

0.51

Cash dividends declared

0.05

0.10

Weighted average shares outstanding:

Common shares, basic

19,650,681

19,590,359

19,642,006

19,722,152

Common shares, diluted

19,717,167

19,639,682

19,707,561

19,790,756

USCB FINANCIAL HOLDINGS, INC.

SELECTED FINANCIAL DATA (UNAUDITED)

(Dollars in thousands, except per share data)

As of or For the Three Months Ended

6/30/2024

3/31/2024

12/31/2023

9/30/2023

6/30/2023

Income statement data:

Net interest income

17,311

15,158

14,376

14,022

14,173

Provision for credit losses

786

410

1,475

653

Net interest income after provision for credit losses

16,525

14,748

12,901

13,369

14,135

Service fees

1,977

1,651

1,348

1,329

1,173

Gain (loss) on sale of securities available for sale, net

(883)

(955)

Gain on sale of loans held for sale, net

417

105

255

Other income

803

746

756

1,532

579

Total non-interest income

3,211

2,464

1,326

2,161

1,846

Salaries and employee benefits

7,353

6,310

6,104

6,066

5,882

Occupancy

1,266

1,314

1,262

1,350

1,319

Regulatory assessments and fees

476

433

412

365

452

Consulting and legal fees

263

592

642

513

386

Network and information technology services

479

507

552

481

505

Other operating expense

1,723

2,018

1,747

1,686

1,908

Total non-interest expense

11,560

11,174

10,719

10,461

10,452

Net income before income tax expense

8,176

6,038

3,508

5,069

5,529

Income tax expense

1,967

1,426

787

1,250

1,333

Net income

6,209

4,612

2,721

3,819

4,196

Per share information:

Net income per common share, basic

0.32

0.23

0.14

0.20

0.21

Net income per common share, diluted

0.31

0.23

0.14

0.19

0.21

Cash dividends declared

0.05

Balance sheet data (at period-end):

Cash and cash equivalents

77,261

126,546

41,062

33,435

87,280

Securities available-for-sale

236,444

259,992

229,329

218,609

218,442

Securities held-to-maturity

169,606

173,038

174,974

197,311

220,956

Total securities

406,050

433,030

404,303

415,920

439,398

Loans held for investment

(1)

1,869,249

1,821,196

1,780,827

1,676,520

1,595,959

Allowance for credit losses

(22,230)

(21,454)

(21,084)

(19,493)

(18,815)

Total assets

2,458,270

2,489,142

2,339,093

2,244,602

2,225,914

Non-interest-bearing demand deposits

579,243

576,626

552,762

573,546

572,360

Interest-bearing deposits

1,477,459

1,526,168

1,384,377

1,347,376

1,348,941

Total deposits

2,056,702

2,102,794

1,937,139

1,920,922

1,921,301

FHLB advances and other borrowings

162,000

183,000

102,000

87,000

Total liabilities

2,257,250

2,294,131

2,147,125

2,061,718

2,042,229

Total stockholders' equity

201,020

195,011

191,968

182,884

183,685

Capital ratios:

(2)

Leverage ratio

9.03%

8.91%

9.28%

9.26%

9.32%

Common equity tier 1 capital

11.93%

11.80%

11.62%

11.97%

12.27%

Tier 1 risk-based capital

11.93%

11.80%

11.62%

11.97%

12.27%

Total risk-based capital

13.12%

12.98%

12.78%

13.10%

13.42%

(1)

Loan amounts include deferred fees/costs.

(2) Reflects the Company's regulatory capital ratios which are

provided for informational purposes only; as a small bank holding

company, the Company is not subject

to regulatory capital requirements. The Bank's total risk-based

capital for second quarter 2024 was 13.01%.

USCB FINANCIAL HOLDINGS, INC.

AVERAGE BALANCES, RATIOS,

AND OTHER DATA (UNAUDITED)

(Dollars in thousands)

As of or For the Three Months Ended

6/30/2024

3/31/2024

12/31/2023

9/30/2023

6/30/2023

Average balance sheet data:

Cash and cash equivalents

107,831

132,266

57,069

90,742

94,313

Securities available-for-sale

263,345

239,896

215,649

222,134

224,913

Securities held-to-maturity

171,682

174,142

181,151

218,694

192,628

Total securities

435,027

414,038

396,800

440,828

417,541

Loans held for investment

(1)

1,828,487

1,781,528

1,698,611

1,610,864

1,569,266

Total assets

2,479,222

2,436,103

2,268,811

2,250,258

2,183,542

Interest-bearing deposits

1,473,513

1,473,831

1,336,470

1,353,516

1,270,657

Non-interest-bearing demand deposits

610,370

574,760

577,133

587,917

601,778

Total deposits

2,083,883

2,048,591

1,913,603

1,941,433

1,872,435

FHLB advances and other borrowings

162,000

164,187

139,000

85,326

93,075

Total liabilities

2,281,467

2,243,011

2,085,182

2,065,357

1,999,304

Total stockholders' equity

197,755

193,092

183,629

184,901

184,238

Performance ratios:

Return on average assets

(2)

1.01%

0.76%

0.48%

0.67%

0.77%

Return on average equity

(2)

12.63%

9.61%

5.88%

8.19%

9.13%

Net interest margin

(2)

2.94%

2.62%

2.65%

2.60%

2.73%

Non-interest income to average assets

(2)

0.52%

0.41%

0.23%

0.38%

0.34%

Efficiency ratio

(3)

56.33%

63.41%

68.27%

64.64%

65.25%

Loans by type (at period end):

(4)

Residential real estate

256,807

237,906

204,419

188,880

183,093

Commercial real estate

1,053,030

1,057,800

1,047,593

1,005,280

989,401

Commercial and industrial

248,525

228,045

219,757

212,975

169,401

Correspondent banks

112,510

100,182

114,945

94,640

85,409

Consumer and other

194,644

194,325

191,930

173,096

167,845

Asset quality data:

Allowance for credit losses to total loans

1.19%

1.18%

1.16%

1.18%

Allowance for credit losses to non-performing loans

2,933%

4,705%

4,505%

4,070%

3,871%

Total non-performing loans

(5)

758

456

468

479

486

Non-performing loans to total loans

0.04%

0.03%

Non-performing assets to total assets

(5)

0.03%

0.02%

Net charge-offs (recoveries of) to average loans

(2)

(0.00)%

0.01%

Net charge-offs (recovery) of credit losses

(2)

(7)

(3)

(5)

Interest rates and yields:

(2)

Loans

6.16%

6.01%

5.79%

5.55%

5.33%

Investment securities

2.80%

2.69%

2.46%

2.52%

2.26%

Total interest-earning assets

5.54%

5.34%

5.16%

4.89%

4.68%

Deposits

2.64%

2.76%

2.53%

2.39%

1.99%

FHLB advances and other borrowings

4.03%

4.10%

4.04%

3.19%

3.42%

Total interest-bearing liabilities

3.76%

3.86%

3.66%

3.41%

2.97%

Other information:

Full-time equivalent employees

197

199

196

194

198

(1)

Loan amounts include deferred fees/costs.

(2)

Annualized.

(3)

Efficiency ratio is defined as total non-interest expense divided

by 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 were

no other real estate owned (OREO)

recorded.

USCB FINANCIAL HOLDINGS, INC.

NET INTEREST MARGIN (UNAUDITED)

(Dollars in thousands)

Three Months Ended June 30,

2024

2023

Average

Balance

Interest

Yield/Rate

(1)

Average

Balance

Interest

Yield/Rate

(1)

Assets

Interest-earning assets:

Loans

(2)

1,828,487

28,017

6.16%

1,569,266

20,847

5.33%

Investment securities

(3)

440,559

3,069

2.80%

422,544

2,382

2.26%

Other interest-earning assets

100,371

1,531

6.13%

87,536

1,051

4.82%

Total interest-earning assets

2,369,417

32,617

5.54%

2,079,346

24,280

4.68%

Non-interest-earning assets

109,805

104,196

Total assets

2,479,222

2,183,542

Liabilities and stockholders' equity

Interest-bearing liabilities:

Interest-bearing checking deposits

56,369

391

2.79%

53,561

200

1.50%

Saving and money market deposits

1,101,272

10,071

3.68%

940,095

6,968

2.97%

Time deposits

315,872

3,222

4.10%

277,001

2,145

3.11%

Total interest-bearing deposits

1,473,513

13,684

3.74%

1,270,657

9,313

2.94%

FHLB advances and other borrowings

162,000

1,622

4.03%

93,075

794

3.42%

Total interest-bearing liabilities

1,635,513

15,306

3.76%

1,363,732

10,107

2.97%

Non-interest-bearing demand deposits

610,370

601,778

Other non-interest-bearing liabilities

35,584

33,794

Total liabilities

2,281,467

1,999,304

Stockholders' equity

197,755

184,238

Total liabilities and stockholders' equity

2,479,222

2,183,542

Net interest income

17,311

14,173

Net interest spread

(4)

1.78%

1.71%

Net interest margin

(5)

2.94%

2.73%

(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

6/30/2024

3/31/2024

12/31/2023

9/30/2023

6/30/2023

Pre-tax pre-provision ("PTPP") income:

(1)

Net income

6,209

4,612

2,721

3,819

4,196

Plus: Provision for income taxes

1,967

1,426

787

1,250

1,333

Plus: Provision for credit losses

786

410

1,475

653

PTPP income

8,962

6,448

4,983

5,722

5,567

PTPP return on average assets:

(1)

PTPP income

8,962

6,448

4,983

5,722

5,567

Average assets

2,479,222

2,436,103

2,268,811

2,250,258

2,183,542

PTPP return on average assets

(2)

1.45%

1.06%

0.87%

1.01%

1.02%

Operating net income:

(1)

Net income

6,209

4,612

2,721

3,819

4,196

Less: Net gains (losses) on sale of securities

(883)

(955)

Less: Tax effect on sale of securities

(4)

224

242

Operating net income

6,199

4,612

3,380

4,532

4,196

Operating PTPP income:

(1)

PTPP income

8,962

6,448

4,983

5,722

5,567

Less: Net gains (losses) on sale of securities

(883)

(955)

Operating PTPP income

8,948

6,448

5,866

6,677

5,567

Operating PTPP return on average assets:

(1)

Operating PTPP income

8,948

6,448

5,866

6,677

5,567

Average assets

2,479,222

2,436,103

2,268,811

2,250,258

2,183,542

Operating PTPP return on average assets

(2)

1.45%

1.06%

1.03%

1.18%

1.02%

Operating return on average assets:

(1)

Operating net income

6,199

4,612

3,380

4,532

4,196

Average assets

2,479,222

2,436,103

2,268,811

2,250,258

2,183,542

Operating return on average assets

(2)

1.01%

0.76%

0.59%

0.80%

0.77%

Operating return on average equity:

(1)

Operating net income

6,199

4,612

3,380

4,532

4,196

Average equity

197,755

193,092

183,629

184,901

184,238

Operating return on average equity

(2)

12.61%

9.61%

7.30%

9.72%

9.13%

Operating Revenue:

(1)

Net interest income

17,311

15,158

14,376

14,022

14,173

Non-interest income

3,211

2,464

1,326

2,161

1,846

Less: Net gains (losses) on sale of securities

(883)

(955)

Operating revenue

20,508

17,622

16,585

17,138

16,019

Operating Efficiency Ratio:

(1)

Total non-interest expense

11,560

11,174

10,719

10,461

10,452

Operating revenue

20,508

17,622

16,585

17,138

16,019

Operating efficiency ratio

56.37%

63.41%

64.63%

61.04%

65.25%

(1) The Company believes these non-GAAP measurements are

key indicators of the ongoing earnings power of the

Company.

(2)

Annualized.

USCB FINANCIAL HOLDINGS, INC.

NON-GAAP FINANCIAL MEASURES (UNAUDITED)

(Dollars in thousands, except per share data)

As of or For the Three Months Ended

6/30/2024

3/31/2024

12/31/2023

9/30/2023

6/30/2023

Tangible book value per common share (at period-end):

(1)

Total stockholders' equity

201,020

195,011

191,968

182,884

183,685

Less: Intangible assets

Tangible stockholders' equity

201,020

195,011

191,968

182,884

183,685

Total shares issued and outstanding (at period-end):

Total common shares issued and outstanding

19,630,632

19,650,463

19,575,435

19,542,290

19,544,777

Tangible book value per common share

(2)

10.24

9.92

9.81

9.36

9.40

Operating diluted net income per common share:

(1)

Operating net income

6,199

4,612

3,380

4,532

4,196

Total weighted average diluted shares of common stock

19,717,167

19,698,258

19,573,350

19,611,897

19,639,682

Operating diluted net income per common share:

0.31

0.23

0.17

0.23

0.21

Tangible Common Equity/Tangible Assets

(1)

Tangible stockholders' equity

201,020

195,011

191,968

182,884

183,685

Tangible total assets

(3)

2,458,270

2,489,142

2,339,093

2,244,602

2,225,914

Tangible Common Equity/Tangible Assets

8.18%

7.83%

8.21%

8.15%

8.25%

(1)

The Company believes these non-GAAP 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

total assets is the same amount as total assets calculated

under GAA

exhibit992

exhibit992p1i0

Exhibit 99.2

EARNINGS PRESENTATION SECOND QUARTER 2024

NASDAQ: USCB USCB FINANCIAL HOLDINGS U.S.

CENTURY BANK

exhibit992p2i0

FORWARD-LOOKING STATEMENTS This presentation

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,” “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 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 credit loss reserve and deferred

tax asset valuation allowance; 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 the 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 and changes in accounting principles,

policies, practices or guidelines, including the on-going effects

of the implementation of the Current Expected Credit Losses (“CECL”)

standard; the lack of a significantly diversified loan portfolio and the 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; impacts of international hostilities and geopolitical

events; increased competition and its effect on the pricing of our products

and services as well as our net 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

cybersecurity-breaches; and other risks described in this presentation

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, forward-looking statements included

in this presentation are made only as of the date hereof, and

we undertake no obligation to update or revise any forward-looking

statements 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 USCB

Financial Holdings, Inc. filed or will file with the SEC. Non-GAAP

Financial Measures This presentation 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 financial measures because

it believes these measures may provide useful supplemental information

for evaluating the Company’s expectations 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 comparab

le 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 this presentation. All numbers

included in this presentation are unaudited unless otherwise noted.

exhibit992p3i0

Q2 2024 HIGHLIGHTS GROWTH Average deposits increased

by $211.4 million or 11.3% compared to the second quarter

Average loans increased $259.2 million or 16.5% compared

to the second quarter 2023. Liquidity sources as of June 30, 2024,

totaled $615 million in on-balance sheet and off-balance

sheet sources. Tangible book value per common share (a non-GAAP

measure) (1) was $10.24 at June 30, 2024, representing an increase

of $0.84 or 8.9% increase from $9.40 at June 30, 2023.

PROFITABILITY Net income was $6.2 million or $0.31 per

diluted share, an increase of $2.0 million or 48% compared to the second

quarter 2023. Net interest income before provision increased

$3.1 million or 22.1% for the quarter compared to the second quarter

ROAA was 1.01% in the second quarter 2024 compared

to 0.77% for the second quarter 2023. ROAE was 12.63% in the second

quarter 2024 compared to 9.13% for the second quarter 2023.

CAPITAL/CREDIT The Company’s Board of Directors declared

a cash dividend of $0.05 per share of the Company’s Class A

common stock on July 22, 2024. The dividend will be paid on

September 5, 2024, to shareholders of record at the close of business

on August 15, 2024. At June 30, 2024, two loans were classified

as nonaccrual for a total of $758 thousand.

ACL coverage ratio was 1.19% at June 30, 2024, and 1.18% at

June 30, 2023. 3

exhibit992p4i0

HISTORICAL FINANCIALS EOP for Balance Sheet amounts Loans

$735 $1,869 2016 2017 2018 2019 2020 2021 2022 2023 Q1 Q2

2024 2024 Deposits $782 $2,057 2016 2017 2018 2019 2020 2021

2022 2023 Q1 Q2 2024 2024 Total stockholders’ equity $86 $201

2016 2017 2018 2019 2020 2021 2022 2023 Q1 Q2 2024

2024 ACL/Total Loans 1.17% 1.19% 2016 2017 2018 2019

2020 2021 2022 2023 Q1 Q2 2024 2024 Net charge-offs ($1,019)

($2) 2016 2017 2018 2019 2020 2021 2022 2023 Q1 Q2 2024 2024 Nonperforming

Assets/Total Assets 1.58% 0.03% 2016 2017 2018 2019

2020 2021 2022 2023 Q1 Q2 2024 2024 Net Interest Income $30

$59 2016 2017 2018 2019 2020 2021 2022 2023 Q1 Q2 2024

2024 Efficiency ratio 94.15% 56.33% 2016 2017 2018 2019 2020

2021 2022 2023 Q1 Q2 2024 2024 PTPP ROAA 0.24% 1.45% 201

2017 2018 2019 2020 2021 2022 2023 Q1 Q2 2024 2024 (1)

Loan amounts include deferred fees/costs. (2) ACL was calculated under

the CECL standard methodology for all periods after January 1st 2023,

and the incurred loss methodology for all periods before. (3)

Non-GAAP financial measure. See reconciliation in this presentation.

exhibit992p5i0

FINANCIAL RESULTS In thousands (except per share

data) Q2 2024 Q1 2024 Q2 2023 Balance Sheet (EOP) Total

Securities $406,050 $433,030 $439,398 Total Loans (1) $1,869,249

$1,821,196 $1,595,959 Total Assets $2,458,270 $2,489,142

$2,225,914 Total Deposits $2,056,702 $2,102,794 $1,921,301

Total Equity (2) $201,020 $195,011 $183,685 Income Statement

Net Interest Income $17,311 $15,158 $14,173 Non-Interest

Income $3,211 $2,464 $1,846 Total Revenue $20,522 $17,622

$16,019 Provision for Credit Losses $786 $410 $38 Non-Interest

Expense $11,560 $11,174 $10,452 Net Income $6,209 $4,612

$4,196 Diluted Earning Per Share (EPS) $0.31 $0.23 $0.21 Weighted

Average Diluted Shares 19,717,167 19,698,258 19,639,682 (1)

Loan amounts include deferred fees/costs. (2) Total Equity

includes accumulated comprehensive loss of $44.7 million for Q2 2024,

$45.4 million for Q1 2024, and $46.3 million for Q2 2023. 5

exhibit992p6i0

KEY PERFORMANCE INDICATORS Q2 2024 Q1 2024 Q2

2023 In thousands (except for TBV/share) GROWTH PROFITABILITY

CAPITAL/CREDIT Total Assets (EOP) $2,458,270 $2,489,142

$2,225,914 Total Loans (EOP) $1,869,249 $1,821,196

$1,595,959 Total Deposits (EOP) $2,056,702 $2,102,794 $1,921,301

Tangible Book Value/Share (1)(4) $10.24 $9.92 $9.40

Return On Average Assets (ROAA) (3) 1.01% 0.76% 0.77%

Return On Average Equity (ROAE) (3) 12.63% 9.61% 9.13% Net

Interest Margin (3) 2.94% 2.62% 2.73% Efficiency Ratio 56.33%

63.41% 65.25% Non-Interest Expense/Avg Assets (3)

1.88% 1.84% 1.92% Tangible Common Equity/Tangible Assets

(1) 8.18% 7.83% 8.25% Total Risk-Based Capital (2) 13.12%

12.98% 13.42% NCO/Avg Loans (3) 0.00% 0.00% 0.01%

NPA/Assets 0.03% 0.02% 0.02% Allowance Credit Losses/Loans

1.19% 1.18% 1.18% (1) Non-GAAP financial measures.

See reconciliation in this presentation. (2) Reflects the Company's regulatory

capital ratios which are provided for informational purposes only;

as a small bank holding company, the Company is not

subject to regulatory capital requirements. (3) Annualized. (4)

AOCI effect on tangible book value per share was ($2.28)

for Q2 2024, ($2.31) for Q1 2024 and ($2.37) for Q2 2023. 6

exhibit992p7i0

DEPOSIT PORTFOLIO Deposits AVG In millions $1,872

$1,941 $1,914 $2,049 $2,083 $277 $290 $282 $323 $316 $940

$1,011 $1,005 $1,098 $1,101 $53 $52 $50 $53 $56 $602 $588

$577 $575 $610 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Non

-interest-bearing deposits Money market and savings Interest

-bearing checking deposits Time deposits Deposit Cost +525

bps Q2'24 vs Q4'21 0.25% 5.25% 5.50% 5.50% 5.50% 5.50%

0.21% 1.99% 2.39% 2.53% 2.76% 2.64% Q4 2021 Q2 2023 Q3

2023 Q4 2023 Q1 2024 Q2 2024 Commentary Average

deposits increased $35.3 million or 6.9% annualized compared

to the prior quarter and increased $211.4 million or 11.3% compared

to the second quarter 2023. Average DDA deposits increased

$35.6 million or 24.9% annualized compared to prior quarter.

Average DDA balances comprised 29.3% of total average

deposits for second quarter 2024. Cost of deposits decreased

12 bps compared to prior quarter. Deposit beta of 46% since

Q4 2021. 7

exhibit992p8i0

Total Loans (AVG) In millions $1,569 $1,611 $1,699 $1,782

$1,828 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Loan

Yields 5.33% 5.55% 5.79% 6.01% 6.16% 0.02% 0.02% 0.00% 0.00%

0.00% 5.31% 5.53% 5.79% 6.01% 6.16% Q2 2023 Q3 2023

Q4 2023 Q1 2024 Q2 2024 Commentary Average

loans increased $47.0 million or 10.6% annualized compared to prior

quarter and $259.2 million or 16.5% compared to the second quarter

Loan coupon increased 15 bps compared to the prior quarter

and 85 bps compared to the second quarter 2023. 8

exhibit992p9i0

LOAN PRODUCTION Net Loan Production Trend In millions

7.20% 8.00% 8.00% 8.16% 8.01% $67 $51 $135 $55 $150 $46 $131

$91 $155 $108 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2

2024 Loan Production/Line changes Loan Amortization/payoffs

New loans average weighted coupon Loan Composition Trend EOP

(1) In millions $948 $1,866 28% 14% 63% 56% 9% 30% Jun

-20 Jun-24 Residential real estate Commercial real estate

Commercial and industrial, Correspondent banks, and Consumer

and other Commentary $155.2 million in new loan production in the second

quarter 2024. Weighted average coupon on new loans was 8.01%

for second quarter 2024, 185 bps above portfolio weighted average.

Loan composition shift from real estate loans to non-CRE loans

is steadily increasing, further diversifying our loan portfolio. 9

exhibit992p10i0

NET INTEREST MARGIN Net Interest Income/Margin (1) In thousands

(except ratios) 2.73% 2.60% 2.65% 2.62% 2.94% $14,173 $14,022

$14,376 $15,158 $17,311 Q2 2023 Q3 2023 Q4 2023 Q1 2024

Q2 2024 Net Interest Income NIM Interest-Earning Assets

Mix (AVG) 4% 4% 2% 5% 4% 20% 21% 19% 18% 19%

76% 75% 79% 77% 77% Q2 2023 Q3 2023 Q4 2023 Q1 2024

Q2 2024 Total Loans Investment Securities Cash Balances

& Equivalents Commentary Net interest income increased

$2.2 million or 57.1% annualized compared to prior quarter and $3.1

million or 22.1% compared to the second quarter 2023. Net interest

margin increased 32 bps compared to prior quarter and 21 bps

compared to second quarter 2023. NIM drivers: rationalization of

deposit cost, new loans at higher yields, and DDA growth. (1)

Annualized. 10

exhibit992p11i0

INTEREST RATE SENSITIVITY Loan Portfolio Repricing

Profile by Rate Type Hybrid ARM 3% Fixed Rate 45% Variale

Rate 52% 20% 14% 66% Prime CMT SOFR Loan Repricing Schedule

Variable/Hybrid Rate Loans 32% 37% 12% 19% yrs. 1-2

yrs 2-4 yrs ?3 yrs Static NII Simulation Year 1 & 2 Year

1 year 2 $7,000 $2,000 -$3,000 -100 2.3% -100 -$8,000 -3.1% -3.1% -6.7%

5.2% +100 -$13,000 11

exhibit992p12i0

ASSET QUALITY Allowance for Credit Losses In thousands (except

ratios) 1.18% 1.16% 1.18% 1.18% 1.19% $18,815 $19,493 $21,084

$21,454 $22,230 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024

Allowance for credit losses ACL/Total loans Non-performing

Loans In thousands (except ratios) 0.03% 0.03% 0.03% 0.03% 0.04%

$486 $479 $468 $456 $758 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2

2024 Non-accrual loans Non-performing loans to total loans Commentary

Allowance for credit losses increased $776 thousand compared to

prior quarter and $3.4 million compared to second quarter 2023.

ACL coverage ratio was at 1.19% as of June 30, 2024. One C&I loan for

$438 thousand and one residential real estate loan for $320

thousand were classified as nonaccrual as of June 30, 2024. Classified

Loans to Total Loans 0.21% 0.27% 0.53% 0.44% 0.45% Q2

2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 (1) Loans classified as substandard

at period end. No loans classified doubtful at all the dates presented.

exhibit992p13i0

LOAN PORTFOLIO MIX Loan Portfolio Mix (1) Residential real

estate CRE - Owner occupied CRE- Non-owner occupied Commercial

and industrial Correspondent banks Consumer and other 11%

14% 9% 47% 13% 6% Commentary Total loan balance

at quarter end was $1,866 million (1). Commercial Real Estate (owner

occupied and non-owner occupied) was 56% or $1,053 million

of the total loan portfolio(1). CRE mix is diversified and granular.

Retail non-owner occupied makes up 26% of total CRE or $274.1 million.

CRE Loan Mix Land/Construction 4% Other 3% Retail 26% Multifamily

19% CRE - Owner Occupied 16% Office 12% Warehouse

12% Hotels 8% $1,053MM As of 6/30/24 Excludes deferred

fees/cost Includes loan types: office, warehouse, retail, and other CRE

Loan Portfolio (non-owner occupied and owner occupied) Weighted

Average Loan Type LTV (1) DSCR (2) Average

Loan Size (3) Retail 58% 1.81 $2.9 Multifamily 57% 1.45 $1.6 Office

56% 1.79 $1.5 Warehouse 59% 2.37 $1.5 Hotels 54% 2.22 $5.1

Other 57% 2.05 $1.7 Land/Construction 46% NA $2.1 (1) LTV

Loan to value ratio. (2) DSCR - Debt service coverage

ratio. (3) Balance in millions. 13

exhibit992p14i0

CRE OFFICE PORTFOLIO Owner Occupied Office by Business Type

In Millions as of 6/30/2024 $19.9 35% $17.9 31% $14.5 26%

$4.4 8% Medical/Dental Other Professional Other <$1MM Commentary

Total office loan portfolio (owner occupied and non-owner

occupied) had 123 notes with an average balance of $1.5 million dollars,

LTV of 56%, and DSCR of 1.79X at quarter end. The

largest business type in the office portfolio is multi-tenant with

47% of the portfolio. South Florida’s office sector outperforms

the national average with a lower vacancy rate of 12% and

with a positive net absorption for three straight years as of Q1 2024.

All three major markets within South Florida were ranked in the top

10 nationally for year-over-year rent growth. (1) Office

Loan Portfolio Maturities and Repricing < 1 year 1 year to 3 years 3 years

to 5 years 5 years to 10 years > 10 years 17% 27% 44% 12% 0%

CRE Office Key Metrics As of 6/30/240 Avg. Loan Size in millions

$ 1.5 NCOs / Average Loans 0.00% Delinquencies / Loans

0.00% Nonaccruals / Loans 0.00% Classified Loans / Loans

0.00% (1) Data points source: CBRE, a NYSE-listed and worldwide

commercial real estate services & investment company

with clients in 100+ countries, including over 95% of the Fortune

Published March 2024. 14

exhibit992p15i0

NON-INTEREST INCOME In thousands (except ratios) Q2 2024 Q1

2024 Q4 2023 Q3 2023 Q2 2023 Total Service fees

$1,977 $1,651 $1,348 $1,329 $1,173 Wire Fees $557 $521 $518

$502 $428 Swap Fees $650 $285 $16 $97 $44 Other $770 $845

$814 $730 $701 Gain (loss) on sale of securities available

for sale 14 - (883) (955) - Gain on sale of loans held for sale 417 67 105

255 94 Other income 803 746 756 1,532 579 Total non-interest

income $3,211 $2,464 $1,326 $2,161 $1,846 Average

total assets $2,479,222 $2,436,103 $2,268,811 $2,250,258 $2,183,542

Non-interest income/Average assets (1) 0.52% 0.41% 0.23%

0.38% 0.34% Commentary Service fees increased year

over year due to wire and loan swap fees. Gain on sale of SBA 7a loans represent

$417 thousand. Other Non-interest income increase predominately

due to increase in treasury management fees. Non-interest income

is 15.6% of total revenue for second quarter 2024 and 0.52%

to average assets, both metrics are higher than prior quarters.

(1) Annualized. 15

exhibit992p16i0

NON-INTEREST EXPENSE In thousands (except ratios) Q2 2024 Q1

2024 Q4 2023 Q3 2023 Q2 2023 Salaries and employee benefits

$7,353 $6,310 $6,104 $6,066 $5,882 Occupancy 1,266 1,314 1,262

1,350 1,319 Regulatory assessments and fees 476 433 412

365 452 Consulting and legal fees 263 592 642 513 386 Network and

information technology services 479 507 552 481 505 Other operating

expense 1,723 2,018 1,747 1,686 1,908 Total non-interest

expense $11,560 $11,174 $10,719 $10,461 $10,452 Efficiency

ratio 56.33% 63.41% 68.27% 64.64% 65.25% Average

total assets $2,479,222 $2,436,103 $2,268,811 $2,250,258 $2,183,542

Non-interest expense / Average assets (1) 1.88% 1.84%

1.87% 1.84% 1.92% Full-time equivalent employees 197 199 196

194 198 Commentary Salaries and benefits increased $1.0 million

compared to the prior quarter due to sales incentives, management

bonus accrual based on the Company’s performance, merit increases,

and stock-based compensation. Non-interest expense to average

assets remains under 2% for all periods. (1) Annualized. 16

exhibit992p17i0

CAPITAL Capital Ratios O? 2024 Leverage Ratio TCE/TA

«2» Tier 1 Risk- Based Capital Total Risk- Based Capital

AOCI ln Millon* 9.03% 8.18% 11.93% 13.12% ($44.7) Q12024

Q22023 8.91% 7.83% 11.80% 12.98% ($45.4) 9.32% 8.25% 12.27%

13.42% ($46.3) 5.00% NA 8.00% 10.00% Commentary

The Company paid in June 2024 a cash dividend of $0.05 per share of

the Company’s Class A common stock, the aggregate distributed

amount in connection with this dividend was $1.0 million.

During the quarter, the Company repurchased 25,000 shares

of common stock at a weighted average cost per share of $12.04. Q2

2024 EOP common stock shares outstanding: 19,630,632. (1) Reflects

the Company's regulatory capital ratios which are provided for

informational purposes only; as a small bank holding company,

the Company is not subject to regulatory capital requirements.

(2) Non-GAAP financial measures. See reconciliation in this presentation.

exhibit992p18i0

TAKEAWAYS Leading franchise located in

one of the most attractive banking markets in Florida and the U.S.

Robust organic growth Strong asset quality, with minimal

charge-offs experienced since 2015 recapitalization Experienced

and tested management team Strong profitability, with pathway

for future enhancement identified Core funded deposit base

with 28% non-interest-bearing deposits (EOP) 18

exhibit992p19i0

APPENDIX - NON-GAAP RECONCILIATION In thousands

(except ratios) As of or For the Three Months Bided 6/30/2024 3/31/2024

12/31/2023 9/30/2023 6/30/2023 Pre-tax pre-provision ("PTPP")

income: (1) Net income S 6.209 S 4,612 S 2,721 S 3,819 S

4,196 Rus: Revision for income tax es 1.967 1,426 787 1,250

1,333 Rus: R-ovision for credit losses 786 410 1,475 653 38 PTPP

income $ 8.962 $ 6.448 S 4.983 $ 5,722 $ 5,567 PTPP return on

average assets: (1) PTPP income S 8.962 S 6.448 S 4.983 S 5.722

S 5,567 Average assets S 2,479.222 S 2,436.103 S 2,268.811

S 2250.258 S 2,183.542 PTPP return on average assets (2) 1.45% 1.06%

0.87% 1.01% 1.02% Operating net income: (1) Net income s

6.209 S 4.612 S 2,721 S 3,819 S 4,196 Less: Net gains (tosses)

on sale of securities 14 - (883) (955) - Less: Tax effect

on sale of securities Operating net income £ (4) 6 199 461? £ 224 3

380 £ 242 4 53? £ 4196 1 ^ — 7 ^ -7— ^ —7 ^ "7 ^ "7 — Operating

PTPP income: (1) PTPP income s 8.962 s 6.448 S 4.983 S 5.722

S 5,567 Less: Net gains (tosses) on sale of securities Operating

PTFP income 14 8.948 6.448 t (883) 5.866 t (955) 6.677 $ 5.567 Operating

PTPP return on average assets: (1) Operating PIH-»income S 8.948 S

6.448 S 5.866 S 6,677 S 5,567 Average assets S 2,479.222 S

2.436.103 S 2,268.811 S 2.250.258 S 2,183.542 Operating PI

l-P return on average assets (2) 1.45% 1.06% 1.03% 1.18% 1.02%

(1) Operating PTPP return on average assets: Operating PTPP

income S Average assets S Operating PTFP return on average

assets (2) Operating return on average assets: (1) Operating net income

S Average assets S Operating return on average assets (2) Operating

return on average equity: (1) Operating net income S Average

equity S Operating return on average equity (2) Operating Revenue:

(1) Net interest income S Non-interest income Less: Net gains (losses)

on sale of securities

Operating revenue S Operating Efficiency Ratio: (1) Total non-interest

expense S Operating revenue S Operating efficiency ratio 8.948

S 6.448 S 5.866 S 6,677 S 5,567 2.479.222 S 2.436.103 S 2,2

68.811 S 2.250.258 S 2,183.542 1.45% 1.06% 1.03% 1.18%

1.02% 6,199 S 4,612 S 3.380 S 4,532 S 4,196 2.479.222 S 2.436.103

S 2.268.811 S 2250.258 S 2,183.542 1.01% 0.76% 0.59% 0.80% 0.77%

6,199 S 4.612 S 3.380 S 4.532 S 4.196 197,755 S 193.092 S 183.629

S 184.901 S 184.238 12.61% 9.61% 7.30% 9.72% 9.13% 17,311

S 15,158 S 14,376 S 14.022 S 14,173 3,211 2.464 1,326 2,161

1.846 14 - (883) (955) - 20.508 S 17.622 S 16.585 S 17,138

S 16.019 11,560 S 11,174 S 10,719 S 10.461 S 10.452 20,508

S 17.622 S 16,585 S 17,138 S 16.019 56.37% 63.41% 64.63% 61.04%

65.25% 1. The Company believes these non-GAAP measurements

are key indicators of the ongoing earnings pew er of the

Company. 2. Annualized. 19

exhibit992p20i0

APPENDIX - NON-GAAP RECONCILIATION In thousands

(except ratios and share data) As of or For the Three Months Ended

6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 Tangible

book value per common share (at period-end): (1) Total stockholders'

equity $ 201,020 S 195,011 S 191.968 S 182.884 S 183,685

Less: Intangible assets - - - - - Tangible stockholders' equity

$ 201,020 $ 195,011 S 191.968 S 182.884 S 183,685 Total

s hares is sued and outstanding (at period-end): Total common

shares issued and outstanding 19.630,632 19.650.463 19.575.435

19.542.290 19.544.777 Tangible book value per common

share (2) $ 10.24 $ 9.92 $ 9.81 $ 9.36 $ 9.40 Operating diluted net

income per common share: Operating net income Total weighted

average diluted shares of common stock (1) $ 6,199 19 717 167 $

4,612 19 698 258 S 3,380 19 573 350 S 4,532 19 611 897

S 4,196 19 639 682 Operating diluted net income

per common share: S 0.31 S 0.23 S 0.17 S 1 V 1 1 y V V 1 0.23

S 021 Tangible Common Equity/Tangible Assets (1) Tangible

stockholders’ equity $ 201,020 $ 195,011 $ 191.968 $ 182.884

$ 183,685 Tangible total assets (3) $ 2.458.270 $ 2.489.142

$ 2,339,093 $ 2244.602 S 2,225,914 Tangible Common Equity/Tangible

Assets 8.18% 7.83% 821% 8.15% 825% (1 ) The Company believes

these non-GAAP measurements are key indicators of the ongoing

earnings pow er 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 total assets is the same amount as total assets calculated

under GAAP. 20

exhibit992p21i0

CONTACT INFORMATION LOU DE LA AGUILERA

Chairman, President & CEO (305) 715-5186 laguilera@uscentury.com

ROB ANDERSON EVP, Chief Financial Officer (305)

715-5393 rob.anderson@uscentury.com INVESTOR RELATIONS

InvestorRelations@uscentury.com 21