8-K
USCB FINANCIAL HOLDINGS, INC. (USCB)
1
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):
January 22, 2026
__________________________
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
☒
If
an
emerging
growth
company,
indicate
by
check
mark
if
the
registrant
has
elected
not
to
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.
☐
2
Item 2.02. Results of Operations and Financial Condition.
On January 22,
2026, USCB Financial Holdings,
Inc. (the “Company”)
issued a press release
announcing its financial
results
for the quarter
ended December 31, 2025.
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 hereto,
is being furnished
and shall not
be deemed “filed”
for purposes
of Section 18 of the
Securities Exchange Act of
1934 (the “Exchange Act”),
or otherwise be 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 January 23, 2026, the Company will hold an earnings conference call to
discuss
its financial performance
for the quarter ended
December 31, 2025. 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 hereto,
is being furnished
and shall not
be deemed “filed”
for purposes
of Section 18 of the Exchange Act, or otherwise be subject to the liability of that section, and shall not be deemed to be incorporated by
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 January 22, 2026
99.2
Earnings Presentation, dated January 22, 2026
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
3
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: January 22, 2026
exhibit991
1
Exhibit 99.1
EARNINGS RELEASE
USCB Financial Holdings, Inc. Reports Fourth Quarter 2025 Fully Diluted EPS
of $0.07; Operating Diluted EPS
of $0.44, Primarily Excluding Portfolio Restructuring Previously Announced
MIAMI, FL – January 22, 2026 – USCB Financial Holdings, Inc. (the “Company”)
(NASDAQ: USCB)
, the holding company for
U.S.
Century
Bank
(the
“Bank”),
reported
net
income
of
$1.4
million
or
$0.07
per
fully
diluted
share
for
the
three
months
ended
December 31, 2025, compared with net income of $6.9 million or $0.34
per fully diluted share for the same period in 2024.
Fully
diluted
EPS
was
$0.07
for
the
fourth
quarter,
reflecting
an
after-tax
impact
of
($0.31)
per
diluted
share
from
a
previously
announced portfolio restructuring strategy
, and an
additional ($0.06) per diluted
share related to
a tax liability
expense from prior periods
.
Excluding the impact of
these items, operating diluted
EPS (non-GAAP financial measure)
for the quarter
ended December 31, 2025
was $0.44, consistent with
the prior quarter. Return on
average assets (“ROAA”) and
return on average
equity
(“ROAE”) for the
fourth quarter were
0.19% and 2.55%,
respectively,
while operating ROAA
and operating ROAE
(both non-GAAP
financial measures) were 1.14% and 15.05%, respectively.
“We closed
2025 with solid performance
and strong execution across the
organization. We
delivered three consecutive record
quarters
of fully diluted EPS, demonstrating the strength and resilience of our business model.
While fourth quarter results were consistent with
our expectations, our GAAP
numbers reflect the effects
of strategic decisions taken to
position the company for enhanced
profitability
in 2026.
Most notable
was the
execution of
a portfolio
restructuring strategy
which resulted
in a
sale of
$44.6 million
of our
lower-
yielding available-for-sale securities for an after-tax loss of ($5.6)
million or ($0.31) fully diluted EPS in the quarter. Proceeds from the
sale were
reinvested
into
loans at
year
end.
Additionally,
we
incurred
some
non-routine,
non-operating
expenses
which
negatively
impacted
our
GAAP
financial
statements,”
said
Luis
de
la
Aguilera,
Chairman,
President,
and
CEO.
“Our
disciplined
approach
to
balance sheet
management and
our continued
focus on client
relationships supported
stable performance
through year end.
Overall, it
was
a
great
year
for
the
bank.
We
made
meaningful
progress
on
our
strategic
priorities,
strengthened
our
franchise,
and
remained
committed to delivering 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 December 31,
2025 compared to at or for the quarter ended December 31, 2024
and annualized where appropriate.
Profitability
•
Annualized return on average assets for the quarter ended December 31, 2025 was 0.19% compared to 1.08% for the fourth quarter
of 2024.
Operating return
on average assets
(non-GAAP financial
measure) for
the quarter ended
December 31, 2025 was
1.14%
compared to 1.08% for the fourth quarter of 2024.
•
Annualized return
on average stockholders’
equity for the
quarter ended December
31, 2025 was
2.55% compared
to 12.73% for
the fourth quarter of 2024. Operating
return on average equity (non-GAAP financial
measure) for the quarter ended December 31,
2025 was 15.05% compared to 12.73% for the fourth quarter of 2024.
•
The efficiency ratio for the quarter ended December 31, 2025 was 79.18% compared to 55.92% for the fourth quarter
of 2024. The
operating efficiency ratio (non-GAAP financial measure) for both of the quarters ended December 31, 2025 and 2024 was 55.92%.
•
Net interest margin for the quarter ended December 31, 2025
was 3.27%
compared to 3.16% for the fourth quarter of 2024.
•
Net interest income
before provision
for credit
losses was $22.2
million for
the quarter ended
December 31, 2025,
an increase of
$2.8 million or 14.7% compared to $19.4 million for the same period in
2024.
Balance Sheet
•
Total
assets
were
$2.8
billion
at
December 31,
2025,
representing
an
increase
of
$210.3 million
or
8.1%
from
$2.6
billion
at
December 31, 2024.
•
Total loans held
for investment were $2.2 billion at December 31,
2025, representing an increase of $216.4 million or 11.0%
from
$2.0 billion at December 31, 2024.
2
•
Total
deposits
were
$2.3 billion
at
December 31,
2025,
representing
an
increase
of $171.1
million
or
7.9%
from
$2.2 billion
at
December 31, 2024.
•
Total stockholders’ equity was $217.2 million at December 31, 2025, representing an increase of $1.8 million or 0.8% from $215.4
million
at
December 31,
2024.
Total
stockholders’
equity
included
accumulated
other
comprehensive
loss
of
$30.3
million
at
December 31, 2025 compared to accumulated other comprehensive loss of $44.5
million at December 31, 2024.
Asset Quality
•
The allowance
for credit
losses (“ACL”)
increased by
$1.4 million
to $25.5
million at
December 31, 2025
from $24.1
million at
December 31, 2024.
•
The ACL represented 1.16% of total loans at December 31, 2025
and 1.22% at December 31, 2024.
•
The provision for credit loss
was $480 thousand for
the quarter ended December 31, 2025,
a decrease of $550 thousand
compared
to $1.0 million for the same period in 2024.
•
The ratio of non-performing loans to total loans was 0.14% for both quarters ended December 31, 2025 and at December 31, 2024.
Non-performing loans totaled $3.1 million at December 31, 2025
and $2.7 million at December 31, 2024.
Non-interest Income and Non-interest Expense
•
Non-interest income was negative $4.2 million for
the three months ended December 31, 2025,
compared to income of $3.6
million
for the same period in 2024. Non-interest income was negative in the fourth quarter of 202
5
due to the $7.5 million pre-tax loss on
the sale of securities incurred in connection with the previously disclosed portfolio restructuring strategy implemented in the
fourth
quarter of 2025.
•
Non-interest expense
was $14.3 million
for the
three months
ended December 31,
2025, compared
to $12.9
million for
the three
months ended December 31, 2024.
Capital
•
On January 20, 2026, the
Company’s Board
of Directors declared a quarterly cash
dividend of $0.125 per share of
the Company’s
Class A common stock. The dividend will be paid on March 5, 2026
to shareholders of record at the close of business on February
17, 2026.
•
As of
December 31,
2025,
total risk-based
capital ratios
for the
Company and
the Bank
were 13.91%
and 13.67%,
respectively,
well in excess of regulatory requirements.
•
Tangible book value per common share (non-GAAP financial measure) was
$11.97 at December 31, 2025, representing an increase
of $1.16
or 10.8%
from $10.81
at December 31, 2024.
At December 31, 2025,
tangible book
value per common
share was
negatively
affected by ($1.67) per share due to an accumulated other comprehensive loss of $30.3 million mostly due to
changes in the market
value of the Company’s available for sale securities. At December 31, 2024, tangible book value per common share was negatively
affected by ($2.24) per share due to an accumulated other
comprehensive loss of $44.5 million.
Conference Call and Webcast
The Company will host a conference call on Friday,
January 23, 2026, at 11:00 a.m. Eastern Time
to discuss the Company’s unaudited
financial results for the quarter ended December 31, 2025. 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
3
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
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,
including
the
enactment
of
the
One
Big
Beautiful
Bill
and
changes
in
accounting
principles,
policies, practices or guidelines, including the on-going effects of
the Current Expected Credit Losses (“CECL”) standard;
•
the
lack
of
a
significantly
diversified
loan
portfolio
and
our
concentration
in
the
South
Florida
market,
including
the
risks
of
geographic,
depositor,
and
industry
concentrations,
including
our
concentration
in
loans
secured
by
real
estate,
in
particular,
commercial real estate;
•
the effects of climate change;
•
the concentration of ownership of our common stock;
•
fluctuations in the price of our common stock;
•
our ability to
fund or access
the capital markets
at attractive rates
and terms and
manage our growth,
both organic
growth as well
as growth through other means, such as future acquisitions;
•
inflation, interest rate, unemployment rate, and market and monetary
fluctuations;
•
the effects of potential new or increased tariffs,
retaliatory tariffs and trade restrictions;
•
the impact of international hostilities and geopolitical events;
•
increased competition
and its effect
on the pricing
of our products
and services as
well as our
interest rate spread
and net interest
margin;
•
the loss of key employees;
•
the effectiveness
of our risk management
strategies, including operational
risks, including, but
not limited to, client,
employee, or
third-party fraud and security breaches; and
•
other risks described in this earnings release and other filings we make with the
Securities and Exchange Commission (“SEC”).
All forward-looking
statements are
necessarily only
estimates of
future results,
and there
can be
no assurance
that actual
results will
not differ
materially from
expectations. Therefore,
you are
cautioned not
to place
undue reliance
on any
forward-looking statements.
Further, 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 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
4
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
5
USCB FINANCIAL HOLDINGS, INC.
CONSOLIDATED STATEMENTS
OF INCOME (UNAUDITED)
(Dollars in thousands, except per share data)
Three Months Ended December 31,
Twelve Months Ended December 31,
2025
2024
2025
2024
Interest income:
Loans, including fees
$
33,103
$
30,757
$
128,160
$
115,236
Investment securities
3,737
2,846
13,715
11,480
Interest-bearing deposits in financial institutions
795
564
3,612
4,517
Total interest income
37,635
34,167
145,487
131,233
Interest expense:
Interest-bearing checking deposits
374
338
1,283
1,509
Savings and money market deposits
8,939
9,569
38,027
40,098
Time deposits
4,807
3,447
18,104
13,354
FHLB advances
507
1,455
3,238
6,336
Subordinated notes
801
-
1,205
-
Total interest expense
15,428
14,809
61,857
61,297
Net interest income before provision for credit losses
22,207
19,358
83,630
69,936
Provision for credit losses
480
1,030
2,297
3,157
Net interest income after provision for credit losses
21,727
18,328
81,333
66,779
Non-interest income:
Service fees
2,209
2,667
9,603
8,839
(Loss) gain on sale of securities available for sale, net
(7,498)
-
(7,526)
14
Gain on sale of loans held for sale, net
197
154
1,001
747
Other non-interest income
914
806
3,514
3,140
Total non-interest income
(4,178)
3,627
6,592
12,740
Non-interest expense:
Salaries and employee benefits
8,668
7,930
32,167
28,793
Occupancy
1,327
1,337
5,330
5,258
Regulatory assessments and fees
443
405
1,637
1,766
Consulting and legal fees
900
552
1,941
1,568
Network and information technology services
599
494
2,324
1,993
Other operating expense
2,338
2,136
8,610
7,664
Total non-interest expense
14,275
12,854
52,009
47,042
Net income before income tax expense
3,274
9,101
35,916
32,477
Income tax expense
1,911
2,197
9,816
7,803
Net income
$
1,363
$
6,904
$
26,100
$
24,674
Per share information:
Net income per common share, basic
$
0.08
$
0.35
$
1.34
$
1.25
Net income per common share, diluted
$
0.07
$
0.34
$
1.33
$
1.24
Cash dividends declared
$
0.10
$
0.05
$
0.40
$
0.20
Weighted average shares outstanding:
Common shares, basic
18,117,814
19,795,589
19,425,746
19,675,444
Common shares, diluted
18,348,725
20,183,731
19,650,814
19,831,421
6
USCB FINANCIAL HOLDINGS, INC.
SELECTED FINANCIAL DATA (UNAUDITED)
(Dollars in thousands, except per share data)
As of or For the Three Months Ended
12/31/2025
9/30/2025
6/30/2025
3/31/2025
12/31/2024
Income statement data:
Net interest income before provision for credit losses
$
22,207
$
21,274
$
21,034
$
19,115
$
19,358
Provision for credit losses
480
105
1,031
681
1,030
Net interest income after provision for credit losses
21,727
21,169
20,003
18,434
18,328
Service fees
2,209
2,661
2,402
2,331
2,667
Loss on sale of securities available for sale, net
(7,498)
(28)
-
-
-
Gain on sale of loans held for sale, net
197
128
151
525
154
Other non-interest income
914
923
817
860
806
Total non-interest income
(4,178)
3,684
3,370
3,716
3,627
Salaries and employee benefits
8,668
7,909
7,954
7,636
7,930
Occupancy
1,327
1,382
1,337
1,284
1,337
Regulatory assessments and fees
443
377
396
421
405
Consulting and legal fees
900
585
263
193
552
Network and information technology services
599
656
564
505
494
Other operating expense
2,338
2,139
2,120
2,013
2,136
Total non-interest expense
14,275
13,048
12,634
12,052
12,854
Net income before income tax expense
3,274
11,805
10,739
10,098
9,101
Income tax expense
1,911
2,866
2,599
2,440
2,197
Net income
$
1,363
$
8,939
$
8,140
$
7,658
$
6,904
Per share information:
Net income per common share, basic
$
0.08
$
0.46
$
0.41
$
0.38
$
0.35
Net income per common share, diluted
$
0.07
$
0.45
$
0.40
$
0.38
$
0.34
Cash dividends declared
$
0.10
$
0.10
$
0.10
$
0.10
$
0.05
Balance sheet data (at period-end):
Cash and cash equivalents
$
38,477
$
56,811
$
54,819
$
97,984
$
77,035
Securities available-for-sale
$
307,490
$
324,179
$
285,382
$
275,139
$
260,221
Securities held-to-maturity
$
153,941
$
156,365
$
158,740
$
161,790
$
164,694
Total securities
$
461,431
$
480,544
$
444,122
$
436,929
$
424,915
Loans held for investment
(1)
$
2,189,257
$
2,130,966
$
2,113,318
$
2,036,212
$
1,972,848
Allowance for credit losses
$
(25,500)
$
(24,964)
$
(24,933)
$
(24,740)
$
(24,070)
Total assets
$
2,791,540
$
2,767,945
$
2,719,474
$
2,677,382
$
2,581,216
Non-interest-bearing demand deposits
$
583,860
$
584,240
$
584,895
$
605,489
$
575,159
Interest-bearing deposits
$
1,761,220
$
1,871,374
$
1,750,766
$
1,704,080
$
1,598,845
Total deposits
$
2,345,080
$
2,455,614
$
2,335,661
$
2,309,569
$
2,174,004
FHLB advances
$
158,250
$
11,000
$
108,000
$
108,000
$
163,000
Subordinated notes
$
39,300
$
39,262
$
-
$
-
$
-
Total liabilities
$
2,574,357
$
2,558,850
$
2,487,891
$
2,452,294
$
2,365,828
Total stockholders' equity
$
217,183
$
209,095
$
231,583
$
225,088
$
215,388
Capital ratios:
(2)
Leverage ratio
8.46%
8.47%
9.72%
9.61%
9.53%
Common equity tier 1 capital
10.92%
11.17%
12.52%
12.48%
12.28%
Tier 1 risk-based capital
10.92%
11.17%
12.52%
12.48%
12.28%
Total risk-based capital
13.91%
14.20%
13.73%
13.72%
13.51%
(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 at December 31, 2025 was 13.67%
7
USCB FINANCIAL HOLDINGS, INC.
AVERAGE BALANCES, RATIOS, AND OTHER DATA
(UNAUDITED)
(Dollars in thousands)
As of or For the Three Months Ended
12/31/2025
9/30/2025
6/30/2025
3/31/2025
12/31/2024
Average balance sheet data:
Cash and cash equivalents
$
82,338
$
139,389
$
71,388
$
82,610
$
56,937
Securities available-for-sale
$
332,356
$
299,892
$
281,840
$
265,154
$
255,786
Securities held-to-maturity
$
155,269
$
157,702
$
160,443
$
163,510
$
165,831
Total securities
$
487,625
$
457,594
$
442,283
$
428,664
$
421,617
Loans held for investment
(1)
$
2,130,898
$
2,099,043
$
2,057,445
$
1,986,856
$
1,958,566
Total assets
$
2,799,863
$
2,798,115
$
2,677,198
$
2,606,593
$
2,544,592
Interest-bearing deposits
$
1,857,218
$
1,887,545
$
1,710,568
$
1,652,147
$
1,547,789
Non-interest-bearing demand deposits
$
595,969
$
569,522
$
580,121
$
563,040
$
590,829
Total deposits
$
2,453,187
$
2,457,067
$
2,290,689
$
2,215,187
$
2,138,618
FHLB advances
$
51,462
$
40,065
$
116,527
$
138,944
$
151,804
Subordinated notes
$
39,287
$
26,029
$
-
$
-
$
-
Total liabilities
$
2,587,470
$
2,572,799
$
2,448,706
$
2,387,088
$
2,328,877
Total stockholders' equity
$
212,393
$
225,316
$
228,492
$
219,505
$
215,715
Performance ratios:
Return on average assets
(2)
0.19%
1.27%
1.22%
1.19%
1.08%
Return on average equity
(2)
2.55%
15.74%
14.29%
14.19%
12.73%
Net interest margin
(2)
3.27%
3.14%
3.28%
3.10%
3.16%
Non-interest income to average assets
(2)
(0.59)%
0.52%
0.50%
0.58%
0.57%
Non-interest expense to average assets
(2)
2.02%
1.85%
1.89%
1.88%
2.01%
Efficiency ratio
(3)
79.18%
52.28%
51.77%
52.79%
55.92%
Loans by type (at period end):
(4)
Residential real estate
$
307,692
$
316,557
$
307,020
$
301,164
$
289,961
Commercial real estate
$
1,244,835
$
1,226,121
$
1,206,621
$
1,150,129
$
1,136,417
Commercial and industrial
$
295,548
$
269,430
$
263,966
$
256,326
$
258,311
Correspondent banks
$
127,968
$
104,598
$
110,155
$
103,026
$
82,438
Consumer and other
$
207,215
$
207,939
$
218,426
$
218,711
$
198,091
Asset quality data:
Allowance for credit losses to total loans
1.16%
1.17%
1.18%
1.22%
1.22%
Allowance for credit losses to non-performing loans
813%
1906%
1825%
595%
889%
Total non-performing loans
(5)
$
3,138
$
1,310
$
1,366
$
4,156
$
2,707
Non-performing loans to total loans
0.14%
0.06%
0.06%
0.20%
0.14%
Non-performing assets to total assets
(5)
0.11%
0.05%
0.05%
0.16%
0.10%
Net charge-offs (recoveries of) to average loans
(2)
(0.00)%
(0.00)%
0.14%
0.00%
(0.00)%
Net charge-offs (recovery) of credit losses
$
(11)
$
(4)
$
702
$
2
$
(11)
Interest rates and yields:
(2)
Loans held for investment
6.16%
6.21%
6.23%
6.17%
6.25%
Investment securities
3.01%
3.03%
3.06%
2.81%
2.63%
Total interest-earning assets
5.54%
5.56%
5.64%
5.51%
5.57%
Deposits
(6)
2.28%
2.53%
2.46%
2.49%
2.48%
FHLB advances
3.91%
3.73%
3.72%
3.71%
3.81%
Subordinated notes
8.09%
6.16%
-
-
-
Total interest-bearing liabilities
3.14%
3.34%
3.32%
3.37%
3.47%
Other information:
Full-time equivalent employees
204
206
203
201
199
(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 was
no other real estate owned (OREO)
recorded at any of the dates presented.
(6) Reflects effect of non-interest-bearing deposits.
8
USCB FINANCIAL HOLDINGS, INC.
NET INTEREST MARGIN (UNAUDITED)
(Dollars in thousands)
Three Months Ended December 31,
2025
2024
Average
Balance
Interest
Yield/Rate
(1)
Average
Balance
Interest
Yield/Rate
(1)
Assets
Interest-earning assets:
Loans held for investment
(2)
$
2,130,898
$
33,103
6.16%
$
1,958,566
$
30,757
6.25%
Investment securities
(3)
491,875
3,737
3.01%
430,465
2,846
2.63%
Other interest-earning assets
74,357
795
4.24%
49,561
564
4.53%
Total interest-earning assets
2,697,130
37,635
5.54%
2,438,592
34,167
5.57%
Non-interest-earning assets
102,733
106,000
Total assets
$
2,799,863
$
2,544,592
Liabilities and stockholders' equity
Interest-bearing liabilities:
Interest-bearing checking deposits
$
59,555
374
2.49%
$
51,033
338
2.63%
Saving and money market deposits
1,290,760
8,939
2.75%
1,155,776
9,569
3.29%
Time deposits
506,903
4,807
3.76%
340,980
3,447
4.02%
Total interest-bearing deposits
1,857,218
14,120
3.02%
1,547,789
13,354
3.43%
FHLB advances
51,462
507
3.91%
151,804
1,455
3.81%
Subordinated notes
39,287
801
8.09%
-
-
- %
Total interest-bearing liabilities
1,947,967
15,428
3.14%
1,699,593
14,809
3.47%
Non-interest-bearing demand deposits
595,969
590,829
Other non-interest-bearing liabilities
43,534
38,455
Total liabilities
2,587,470
2,328,877
Stockholders' equity
212,393
215,715
Total liabilities and stockholders' equity
$
2,799,863
$
2,544,592
Net interest income
$
22,207
$
19,358
Net interest spread
(4)
2.40%
2.10%
Net interest margin
(5)
3.27%
3.16%
(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.
9
USCB FINANCIAL HOLDINGS, INC.
NON-GAAP FINANCIAL MEASURES (UNAUDITED)
(Dollars in thousands)
As of or For the Three Months Ended
12/31/2025
9/30/2025
6/30/2025
3/31/2025
12/31/2024
Pre-tax pre-provision ("PTPP") income:
(1)
Net income
$
1,363
$
8,939
$
8,140
$
7,658
$
6,904
Plus: Income tax expense
1,911
2,866
2,599
2,440
2,197
Plus: Provision for credit losses
480
105
1,031
681
1,030
PTPP income
$
3,754
$
11,910
$
11,770
$
10,779
$
10,131
PTPP return on average assets:
(1)
PTPP income
$
3,754
$
11,910
$
11,770
$
10,779
$
10,131
Average assets
$
2,799,863
$
2,798,115
$
2,677,198
$
2,606,593
$
2,544,592
PTPP return on average assets
(2)
0.53%
1.69%
1.76%
1.68%
1.58%
Operating net income:
(1)
Net income
$
1,363
$
8,939
$
8,140
$
7,658
$
6,904
Less: Net losses on sale of securities
(7,498)
(28)
-
-
-
Less: Tax effect on sale of securities
1,900
7
-
-
-
Plus: Tax liability expense from prior periods
(3)
1,096
-
-
-
-
Operating net income
$
8,057
$
8,960
$
8,140
$
7,658
$
6,904
Operating return on average assets:
(1)
Operating net income
$
8,057
$
8,960
$
8,140
$
7,658
$
6,904
Average assets
$
2,799,863
$
2,798,115
$
2,677,198
$
2,606,593
$
2,544,592
Operating net income return on average assets
(2)
1.14%
1.27%
1.22%
1.19%
1.08%
Operating return on average equity:
(1)
Operating net income
$
8,057
$
8,960
$
8,140
$
7,658
$
6,904
Average equity
$
212,393
$
225,316
$
228,492
$
219,505
$
215,715
Operating net income return on average equity
(2)
15.05%
15.78%
14.29%
14.15%
12.73%
Operating revenue:
(1)
Net interest income
$
22,207
$
21,274
$
21,034
$
19,115
$
19,358
Non-interest income
(4,178)
3,684
3,370
3,716
3,627
Less: Net losses on sale of securities
(7,498)
(28)
-
-
-
Operating revenue
$
25,527
$
24,986
$
24,404
$
22,831
$
22,985
Operating efficiency ratio:
(1)
Total non-interest expense
$
14,275
$
13,048
$
12,634
$
12,052
$
12,854
Operating revenue
$
25,527
$
24,986
$
24,404
$
22,831
$
22,985
Operating efficiency ratio
55.92%
52.22%
51.77%
52.79%
55.92%
(1) The Company believes these non-GAAP financial measurements
are key indicators of the ongoing earnings power of the
Company.
(2)
Annualized.
(3) 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 are
located outside of the State of Florida.
10
USCB FINANCIAL HOLDINGS, INC.
NON-GAAP FINANCIAL MEASURES (UNAUDITED)
(Dollars in thousands, except per share data)
As of or For the Three Months Ended
12/31/2025
9/30/2025
6/30/2025
3/31/2025
12/31/2024
Tangible book value per common share (at period-end):
(1)
Total stockholders' equity
$
217,183
$
209,095
$
231,583
$
225,088
$
215,388
Less: Intangible assets
-
-
-
-
-
Tangible stockholders' equity
$
217,183
$
209,095
$
231,583
$
225,088
$
215,388
Total shares issued and outstanding (at period-end):
Total common shares issued and outstanding
18,137,885
18,107,385
20,078,385
20,048,385
19,924,632
Tangible book value per common share
(2)
$
11.97
$
11.55
$
11.53
$
11.23
$
10.81
Operating diluted net income per common share:
(1)
Operating net income
$
8,057
$
8,960
$
8,140
$
7,658
$
6,904
Total weighted average diluted shares of common stock
18,348,725
19,755,820
20,295,794
20,319,535
20,183,731
Operating diluted net income per common share:
$
0.44
$
0.45
$
0.40
$
0.38
$
0.34
Tangible Common Equity/Tangible Assets
(1)
Tangible stockholders' equity
$
217,183
$
209,095
$
231,583
$
225,088
$
215,388
Tangible total assets
(3)
$
2,791,540
$
2,767,945
$
2,719,474
$
2,677,382
$
2,581,216
Tangible Common Equity/Tangible Assets
7.78%
7.55%
8.52%
8.41%
8.34%
(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.
exhibit992
Exhibit 99.2
USCB FINANCIAL HOLDINGS EARNINGS PRESENTATION
FOURTH QUARTER 2025 NASDAQ: USCB
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,” “seek,” 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. All numbers included in this presentation are
unaudited unless otherwise noted. 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 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, including the enactment
of the One Big Beautiful Bill, 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 our concentration
in the South Florida market, including the risks of geographic, depositor,
and industry concentrations, including our concentration in
loans secured by real estate, in particular, commercial real estate;
the effects of climate change; the concentration of ownership
of our common stock; fluctuations in the price of our common
stock; our ability to fund or access the capital markets at attractive
rates and terms and manage our growth, both organic growth as
well as growth through other means, such as future acquisitions;
inflation, interest rate, unemployment rate, and market and monetary
fluctuations; the effects of potential new or increased tariffs,
retaliatory tariffs and trade restrictions; the impact of international hostilities
and geopolitical events; increased competition and its effect
on the pricing of our products and services as well as our 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 fourth-party fraud and security
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. has 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 substitu
te 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 financial measures reconciliation
tables included in this presentation. 2
CAPITAL/ CREDIT PROFITABILITY GROWTH The Company
executed a portfolio restructuring strategy which resulted in a sale
of $44.6 million of its lower-yielding available-for sale securities
for an after-tax loss of ($5.6) million or ($0.31) fully diluted EPS in
the quarter. On January 20, 2026, the Company’s Board
of Directors declared a quarterly cash dividend of $0.125 per
share on the Company’s Class A common stock, representing
a 25% increase from the prior quarter. The dividend will be payable
on March 5, 2026, to shareholders of record as of the close of business
on February 17, 2026. Total stockholders' equity increased
by $1.8 million or 0.8% to $217.2 million at December 31, 2025, compared
to December 31, 2024. Fully diluted EPS was $0.07 for the
fourth quarter, reflecting an after-tax impact of ($0.31) per diluted share
from a previously disclosed portfolio restructuring strategy,
and an additional ($0.06) per diluted share related to a tax liability expense
from prior periods. Excluding the impact of these items, operating
diluted EPS(1) (non-GAAP financial measure) for the quarter
ended December 31, 2025, was $0.44, consistent with the prior quarter.
Net income was $1.4 million or $0.07 per diluted share compared
to $6.9 million or $0.34 per diluted share for the fourth quarter
- Operating net income (1) was $8.1 million compared to $6.9
million for the fourth quarter 2024. Net interest income before
provision for credit losses increased $2.8 million or 14.7% to $22.2
million for the quarter compared to the fourth quarter 2024. Average
deposits increased by $314.6 million or 14.7% compared to the fourth
quarter 2024. Average loans increased $172.3 million or 8.8% compared
to the fourth quarter 2024. Liquidity sources as of December
31, 2025, aggregated $670.0 million in on-balance sheet and off-balance
sheet sources. Tangible book value per common share(1) (non-
GAAP financial measure) at December 31, 2025, increased $1.16 or
10.8% to $11.97, compared to $10.81 at December 31, 2024. TBV
per share at December 31, 2025, included an AOCI impact of ($1.67)
and at December 31, 2024 ($2.24). Q4 2025 HIGHLIGHTS (1) Non
-GAAP financial measure. See reconciliation in this presentation.
3
HISTORICAL FINANCIALS ` EOP for Balance Sheet amounts Loans
In millions $735 $2,189 2016 2017 2018 2019 2020 2021 2022
2023 2024 Q4 2015 Deposits In millions $782 $2,345 2016 2017 2018
2019 2020 2021 2022 2023 2024 Q4 2015 Total Stockholders’
Equity In millions $86 $217 2016 2017 2018 2019 2020 2021 2022
2023 2024 Q4 2015 ACL/Total Loans 1.17% 1.16% 2016 2017
2018 2019 2020 2021 2022 2023 2024 Q4 2015 Net charge-offs
(recoveries) In thousands 1.58% 0.14% 2016 2017 2018 2019 2020
2021 2022 2023 2024 Q4 2015 Nonperforming Assets/Total Assets
($1,019) $689 2016 2017 2018 2019 2020 2021 2022 2023 2024
Q4 2015 Net Interest Income In millions $30 $84 2016 2017 2018
2019 2020 2021 2022 2023 2024 Q4 2015 Efficiency ratio
94.15% 79.18% 2016 2017 2018 2019 2020 2021 2022 2023 2024
Q4 2015 PTPP ROAA 0.24% 0.53% 2016 2017 2018 2019 2020
2021 2022 2023 2024 Q4 2015 (1) Loan amounts include deferred
fees/costs. (2) ACL was calculated under the CECL standard methodology for
all periods beginning January 1, 2023, and the incurred
loss methodology for all periods before. (3) Non-GAAP financial
measure. See reconciliation in this presentation. 4
FINANCIAL RESULTS Balance Sheet (EOP) Income Statement
Q4 2025 Q3 2025 Q4 2024 Total Securities $461,431 $480,544
$424,915 Total Loans (1) $2,189,257 $2,130,966 $1,972,848
Total Assets $2,791,540 $2,767,945 $2,581,216 Total
Deposits $2,345,080 $2,455,614 $2,174,004 Total Equity
(2) $217,183 $209,095 $215,388 Net Interest Income $22,207
$21,274 $19,358 Non-Interest Income ($4,178) $3,684 $3,627 Total
Revenue (3) $18,029 $24,958 $22,985 Provision for Credit Losses
$480 $105 $1,030 Non-Interest Expense $14,275 $13,048 $12,854
Net Income $1,363 $8,939 $6,904 Diluted Earning Per
Share (EPS) $0.07 $0.45 $0.34 Operating Diluted Earnings Per Share
(4) $0.44 $0.45 $0.34 Weighted Average Diluted Shares
18,348,725 19,755,820 20,183,731 (1) Loan amounts include deferred
fees/costs. (2) Total Equity includes accumulated other comprehensive
loss of $30.3 million for Q4 2025, $37.8 million for Q3 2025,
and $44.5 million for Q4 2024. (3) Equals net interest income plus
non-interest income. (4) Non-GAAP financial measures. See
reconciliation in this presentation In thousands (except per
share data) 5
KEY PERFORMANCE INDICATORS In thousands (except
for TBV/share) Q4 2025 Q3 2025 Q4 2024 GROWTH PROFITABILITY
CAPITAL/CREDIT Total Assets (EOP) $2,791,540 $2,767,945
$2,581,216 Total Loans (EOP) (1) $2,189,257 $2,130,966
$1,972,848 Total Deposits (EOP) $2,345,080 $2,455,614 $2,174,004
Tangible Book Value/Share (2)(3) $11.97 $11.55
$10.81 Operating Return On Average Assets (2)(4) 1.14%
1.27% 1.08% Operating Return On Average Equity (2)(4)
15.05% 15.78% 12.73% Net Interest Margin (4) 3.27% 3.14%
3.16% Operating Efficiency Ratio (2) 55.92% 52.22% 55.92%
Non-Interest Expense/Avg. Assets (4) 2.02% 1.85% 2.01%
Tangible Common Equity/Tangible Assets (2) 7.78% 7.55%
8.34% Total Risk-Based Capital (5) 13.91% 14.20% 13.51%
NCO/Avg Loans (4) 0.00% 0.00% 0.00% NPA/Assets
0.11% 0.05% 0.10% Allowance for Credit Losses/Loans
1.16% 1.17% 1.22% (1) Loan amounts include deferred fees/costs.
(2) Non-GAAP financial measures. See reconciliation in this presentation.
(3) AOCI effect on tangible book value per share was
($1.67) for Q4 2025, ($2.09) for Q3 2025 and ($2.24) for Q4 2024. (4)
Annualized. (5) 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. 6
DEPOSIT PORTFOLIO Deposits AVG In millions $2,139
$2,215 $2,291 $2,457 $2,453 $341 $400 $452 $520 $507 $1,156
$1,199 $1,212 $1,320 $1,290 $51 $53 $47 $47 $50 $591 $563 $580
$570 $596 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Non-interest
-bearing demand deposits Interest-bearing checking deposits Money
market and savings Time deposits Deposit Cost 2.48% 3.43%
2.49% 3.34% 2.46% 3.29% 2.53% 3.29% 2.28% 3.02% Q4 2024 Q1
2025 Q2 2025 Q3 2025 Q4 2025 Deposit Costs Interest-Bearing Deposit
Cost Commentary Average deposits decreased $3.9 million compared
to the prior quarter and increased $314.6 million or 14.7% compared
to the fourth quarter 2024. DDA average balance increased
$26.4 million compared to prior quarter. DDAs comprised 24.3% of total
average deposits for the fourth quarter 2025. Interest-bearing deposit
costs decreased 27 bps to 3.02% compared to 3.29% for the prior
quarter and decreased 41 bps compared to the fourth quarter
- Total deposit cost decreased 25 bps compared to prior quarter,
and 20 bps compared to fourth quarter 2024. (1) Reflects effect
of non-interest-bearing deposits. 7
LOAN PORTFOLIO Total Loans (AVG) In millions
6.25% 6.17% 6.23% 6.21% 6.16% $1,959 $1,987 $2,057 $2,099
$2,131 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Loans Loan Yields
Gross Total Loans (EOP) (1) $1,965 $2,029 $2,106 $2,125
$2,183 $198 $219 $218 $208 $207 $82 $103 $110 $105
$128 $258 $256 $264 $269 $296 $298 $301 $307 $317 $308 $1,128
$1,150 $1,207 $1,226 $1,245 Q4 2024 Q1 2025 Q2 2025 Q3 2025
Q4 2025 Commercial real estate Residential real estate Commercial
and industrial Correspondent banks Consumer and other Commentary
Average loans increased $31.9 million or 6.02% annualized
compared to prior quarter and $172.3 million or 8.8% compared
to fourth quarter 2024. Loan yield declined slightly to 6.16% in Q4
2025, driven by the Federal Reserve rate cuts in the third and fourth
quarters of 2025 and lower yields on new loan production. Approximately
43% of fourth quarter originations consisted of correspondent banking
loans—short‑term trade‑finance facilities tied to SOFR. Excluding
correspondent banking production, the yield on new loans for
the fourth quarter was 6.43%. (1) Excludes deferred fees/cost.
8
LOAN PRODUCTION Net Loan Production Trend In millions,
except for ratios 7.14% 6.67% 7.12% 6.43% 5.93% $161 $123 $182
$119 $187 $110 $132 $113 $196 $137 Q4 2024 Q1
2025 Q2 2025 Q3 2025 Q4 2025 Loan Production/Line Change
Loan Amortization/payoffs New loans weighted average
coupon Loan Composition Trend EOP In millions, except for ratios $948
$2,183 28% 14% 63% 57% 9% 29% Jun-20 Dec-25 Residential
real estate Commercial real estate Real estate Loans Commercial
and industrial, Correspondent banks, and Consumer and other (1)
Excluded deferred fees/cost. Commentary $196.0 million in gross
loan production during the fourth quarter of 2025. Of this total,
$83.5 million or 43% consisted of correspondent banking loans, which
carried a new‑loan yield of 5.26%. Excluding correspondent
banking production, the yield on new loans for the quarter was
6.43%. Total loan production for 2025 was $697 million.
Continued loan composition shift from real estate loans to non-CRE
loans further diversifies our loan portfolio. 9
BUSINESS VERTICALS Differentiated Banking Product Offerings
and Services Private Client Group (1) $305MM Deposits Association
Banking $146MM Deposits / $126MM Loans Deposit aggregating
focus/strategy. Tailored products & services for professionals,
professional firms, business owners, and affluent individuals and
their families. PCG also provides concierge-level banking service
for the legal and healthcare sectors delivering financial solutions
designed specifically for these professionals. Deposit aggregating
focus/strategy Banking for Homeowner Associations and Property
Managers. Offer deposit collection services and esoteric lending
solutions ranging from insurance premium and large capital improvements
financing. Significant lending capacity to target large
credits. Yacht Lending $204MM Loans Yacht financing
for larger vessels, transaction range is $750k -$7.5MM.
Brokered oriented business, 3 vendor approved brokers. Member of the
National Marine Lenders Association. Launched this new vertical
in 2022. Balances as of December 31, 2025. Gain on sale of loans
reflects year-to-date amount for 2025. (1) Effective 3rd quarter
2025, the Private Client Group vertical now includes balances
for the entire business unit, encompassing not only some Jurist Advantage
and Health Industry sectors, but also other professional and affluent client
segments. Accordingly, balances presented for PCG reflect
the full scope of the business unit, rather than select sectors as previously
reported. When evaluating period-over-period trends,
please consider this expanded scope. Specialty banking products,
services and solutions designed for small businesses, homeowner
associations, law firms, medical practices and other professional services
firms, yacht lending and global banking services Correspondent
Banking $235MM Deposits / $129MM Loans Comprehensive
range of both domestic and
international services with the latest in technology to ensure quick processing.
Focus on Caribbean and Latin American countries. Correspondent
banking services include letters of credit, foreign collections, wire
transfers, ForEx and trade finance. SBA / Small Business Lending $49MM
Loans/$1MM Gain on Sale of Loans Relationship-oriented business
focused on delivering fast loan commitments to small and
medium-sized enterprises. Predominately small business line of
credits and CD secured loans. Affordable SBA loan provider.
Approved by the SBA to participate in the Preferred Lenders
Program. Balances as of December 31, 2025. Gain on sale of loans reflects
year-to-date amount for 2025. (1) Effective 3rd quarter 2025,
the Private Client Group vertical now includes balances for the
entire business unit, encompassing not only some Jurist Advantage
and Health Industry sectors, but also other professional and affluent
client segments. Accordingly, balances presented for
PCG reflect the full scope of the business unit, rather than select sectors
as previously reported. When evaluating period-over-period trends,
please consider this expanded scope. 10
NET INTEREST MARGIN Net Interest Income/Margin (1) In thousands
(except ratios) 3.16% 3.10% 3.28% 3.14% 3.27% $19,358 $19,115
$21,039 $21,274 $22,027 Q4 2024 Q1 2025 Q2 2025 Q3 2025
Q4 2025 Net Interest Income NIM Interest-Earning Assets
Mix (AVG) 2% 3% 2% 4% 3% 18% 17% 18% 18% 18%
80% 80% 80% 78% 79% Q4 2024 Q1 2025 Q2 2025 Q3 2025
Q4 2025 Total Loans Investment Securities Cash Balance
& Equivalents Commentary Net interest income increased $933 thousand
or 17.4% annualized compared to the prior quarter and
increased $2.8 million or 14.7% compared to fourth quarter 2024. NIM
improved 13 bps compared to prior quarter and 11 bps compared
to fourth quarter 2024. The Company executed a portfolio restructuring
strategy which resulted in a sale of $44.6 million of available-for-sale
securities with a weighted average yield of 1.70%. Interest Rates
and Yields Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Loans
6.25% 6.17% 6.23% 6.21% 6.16% Investment securities 2.63% 2.81%
3.06% 3.03% 3.01% Interest-earning assets 5.57% 5.51% 5.64%
5.56% 5.54% Deposits (2) 2.48% 2.49% 2.46% 2.53% 2.28% Interest
-bearing liabilities 3.47% 3.37% 3.32% 3.34% 3.14% (1) Annualized.
(2) Reflects effects of non-interest-bearing deposits. 11
INTEREST RATE SENSITIVITY Loan Portfolio Repricing
Profile by Rate Type Hybrid ARM 2% Fixed Rate 39% Variable
Rate 59% 34% 9% 57% Prime CMT SOFR 19% 52% 19% 10%
0-1 yrs. 1-2 yrs. 2-3 yrs. >3 y rs. Loan Repricing Schedule Variable/Hybrid
Rate Loans Static NII Simulation Year 1 & 2 Net Interest Income
change from base ($ in thousands and % change) Year
1 Year 2 3.9% +100 -3.6% +100 -100 -0.2% 0.1% +100 12
SECURITIES PORTFOLIO EOP for Balance Sheet amounts, in
millions Portfolio Composition CMO 28% MBS 14% CMBS 40%
SBA 7% Agency 5% Municipalities 1% Corporate 2% Bank
Subordinated Debt 3% Securities Portfolio Key Metrics Metrics as of
12/31/2025 Securities portfolio $ 461.4 AFS as % of portfolio
67% HTM as % of portfolio 33% Qtr. weighted avg. port. yield
3.01% Average life 6.2 Modified duration 5.2 Commentary
Securities portfolio totaled $461.4 million; 67% of the portfolio is classified
as AFS, while 33% is classified as HTM. The modified duration
is 5.2 and the average life is 6.2 years. Duration has increased because
we have purchased longer-duration bonds to protect the balance
sheet from expected lower interest rates. We expect to receive
$68.2 million from the securities portfolio in 2026, at current rates;
these cashflows will support loan growth and/or deposit volatility.
If rates drop 100 bps, we expect to receive $87.7 million.
77% of the portfolio is invested in agency mortgage-backed
securities, boosting liquidity. Estimated Short Term Cashflows
-100 Base +100 2026 $87.7 $68.2 $63.3 2027 $63.8 $57.0 $51.9 2028
$48.7 $47.6 $44.5 Total Cashflow $200.2 $172.8 $159.7 Total
Cashflow / Total Portfolio 38% 33% 31% 13
ASSET QUALITY Allowance for Credit Losses In thousands (except
ratios) 1.22% 1.22% 1.18% 1.17% 1.16% $24,070 $24,740 $24,933 $24,964
$25,500 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Allowance
for credit losses ACL/Total loans Non-performing Loans In
thousands (except ratios) 0.14% 0.20% 0.06% 0.06% 0.14% $2,707
$4,156 $1,366 $1,310 $3,138 Q4 2024 Q1 2025 Q2 2025 Q3 2025
Q4 2025 Non-accrual loans Non-performing loans to total loans
Commentary Allowance for credit losses increased $536 thousand compared
to prior quarter and $1.4 million compared to fourth quarter 2024. ACL coverage
ratio decreased 1 bps to 1.16% compared to prior quarter.
Non‑performing loans increased by $1.8 million from the prior
quarter. The non‑performing loans‑to‑total loans ratio remains a
low 0.14%, reflecting the continued strong credit quality of the
portfolio. Classified Loans (1) to Total Loans 0.37%
0.44% 0.27% 0.22% 0.29% Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4
2025 (1) Loans classified as substandard at period end. No loans
classified doubtful at any of the dates presented. 14
LOAN PORTFOLIO MIX Loan Portfolio Mix (1) Residential real
estate 14% CRE Owner occupied 9% CRE – Non-owner occupied
48% Commercial and industrial 14% Correspondent banks 6%
Consumer and other 9% $2,183 MM Commentary Total loan
balance at quarter end was $2,183 million (1). Commercial Real
Estate (owner occupied and non-owner occupied) was 57.0% or
$1,245 million of the total loan portfolio(1). CRE mix is diversified
and granular. Retail non-owner occupied makes up 26%
of total CRE or $320.1 million. CRE Loan Portfolio (non-owner
occupied and owner occupied) CRE Loan Mix Other 3% Retail 26%
Multifamily 20% Cre-Owner Occupied 15% Office 10%
Warehouse 11% Hotels 9% Land/Construction 6% $1,245MM
CRE Loan Portfolio (non-owner occupied and owner occupied)
Weighted Average Loan Type Outstanding Balance
(1) LTV (2) DSCR (3) Average Loan Size (1) Retail
$331 57% 1.52 $3.0 Multifamily $252 57% 1.36 $1.8 Office
$208 53% 1.97 $1.6 Warehouse $194 57% 2.09 $1.6 Hotel $117
56% 2.07 $4.3 Other $70 59% 1.90 $1.8 Land/Construction
$73 46% NA $3.3 $2,183 MM (1) As of 12/31/25 (1) Excludes
deferred fees/cost (2) Includes loan types: office, warehouse,
retail, and other (1) Balance in millions. Excludes deferred
fees/cost. (2) LTV - Loan to value ratio. (3) DSCR - Debt service
coverage ratio. 15
NON-INTEREST INCOME In thousands (except ratios) Q4 2025 Q3
2025 Q2 2025 Q1 2025 Q4 2024 Total service fees
$2,209 $2,661 $ 2,402 $2,331 $2,667 Wire fees $656 $647 $604 $570
$587 Swap fees $449 $790 $428 $93 $1,076 Other $1,104 $1,224
$1,370 $1,668 $1,004 Loss on sale of securities available for
sale ($7,498) ($28) - - - Gain on sale of loans held for sale $197 $128
$151 $525 $154 Other income $914 $923 $817 $860 $806 Total
non-interest income ($4,178) $3,684 $3,370 $3,716 $3,627 Average
total assets $2,799,863 $2,798,115 $2,677,198 $2,606,593 $2,544,592
Non-interest income/Average assets (1) (0.59%) 0.52% 0.50%
0.58% 0.57% Commentary The Company executed a portfolio
restructuring strategy which resulted in a sale of $44.6 million of
its lower-yielding available-for sale securities for a loss of ($7.5) million
.
Proceeds from the sale were reinvested into loans at quarter
-end. Excluding the security loss, non-interest income was $3.3 million for
fourth quarter 2025, consistent with prior quarters. Gain on
sale of SBA 7a loans represented $197 thousand for the fourth
quarter 2025. Non-interest income excluding the securities loss was
13.0% of total revenue for fourth quarter 2025. (1) Annualized.
16
NON-INTEREST EXPENSE In thousands (except ratios) Q4 2025 Q3
2025 Q2 2025 Q1 2025 Q4 2024 Salaries and employee benefits
$8,668 $7,909 $7,954 $7,636 $7,930 Occupancy 1,327 1,382 1,337
1,284 1,337 Regulatory assessments and fees 443 377 396
421 405 Consulting and legal fees 900 585 263 193 552 Network and
information technology services 599 656 564 505 494 Other operating
expense 2,338 2,139 2,120 2,013 2,136 Total non-interest
expense $14,275 $13,048 $12,634 $12,052 $12,854 Operating efficiency
ratio (1) 55.92% 52.22% 51.77% 52.79% 55.92% Non-interest expense/Average
assets (2) 2.02% 1.85% 1.89% 1.88% 2.01% Full-time equivalent employees
205 206 203 201 199 Commentary Salaries and benefits increased
$759 thousand compared to the prior quarter, primarily driven
by a new bonus plan for non‑management personnel and enhancements
to sales incentives and retention programs. The $759 thousand
represents an annual expense and will be accrued
monthly based on performance in the future periods. Consulting and
legal fees increased $275 thousand from the prior quarter due
to non-routine expenses associated with the universal shelf offering
and share repurchase transaction. Other operating expense increased
$137 thousand primarily due to forced-placed insurance related
to borrowers. The Company expects to receive reimbursement in the
coming quarters. (1) Non-GAAP financial measures. See
reconciliation in this presentation. (2) Annualized. 17
CAPITAL Capital Ratios (1) Q3 2025 Q4 2024 Well-
Capitalized Leverage Ratio TCE/TA (2) Tier 1 Risk-Based
Capital Total Risk-Based Capital AOCI In Millions 8.47%
7.55% 11.17% 14.20% ($37.8) 9.53% 8.34% 12.28% 13.51%
($44.5) 5.00% NA 8.00% 10.00% Q3 2025 Commentary On
January 20, 2026, the Company’s Board of Directors declared
a quarterly cash dividend of $0.125 per share on the Company’s
Class A common stock, representing a 25% increase from
the prior quarter. The dividend will be payable on March 5, 2026, to
shareholders of record as of the close of business on February 17, 2026.
Q4 2025 EOP common stock shares outstanding: 18,137,885. AOCI
improved by $7.5 million from prior quarter mainly due to execution
of the portfolio restructuring strategy in December of 2025. (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. 18
TAKEAWAYS USCB FINANCIAL HOLDINGS
- Leading franchise located in one of the most attractive banking
markets in U.S. 2. Scarcity value in the Miami MSA 3. Robust capital
position with regulatory ratios well in excess of “well capitalized"
threshold 4. Low risk, commercially oriented loan portfolio 5.
Demonstrated profitability profile since 2015 recap further
improved by current management team 6. Strong asset quality - minimal charge
-offs experienced since 2015 recap 7. Attractive deposit base
driven by steady growth in specialized verticals 8. Balanced liquidity
profile with a 93% loan/deposit ratio (EOP) 19
APPENDIX - NON-GAAP RECONCILIATION In thousands
(except ratios) As of or For the Three Months Ended 12/31/2025
9/30/2025 6/30/2025 3/31/2025 12/31/2024 Pre-tax pre-provision ("PTPP)
income: Net income (1) S 1,363 S 8,939 S 8,140 S 7,658 S 6,904
Rus: Income tax expense Uurc- LrArclen rar AreEr
Accac 1,911 A00 2,866 10 2,599 1 021 2,440 £01 2,197 1 020 do. I.I VYIIU.
Ul LIcUlllUooco PTPPincome $ TO. 3,754 $ 1V. 11,910
$ 1 2U 1 11,770 $ 0C 1 10,779 $ 1 2UU 10,131 PTPP return on average
assets: (1) PTPP income Average assets $ 3,754 S 2,799,863
$ 11,910 S 2,798,115 $ 11,770 S 2,677,198 $ 10,779 S
2,606,593 $ 10,131 S 2,544,592 PTPP return on average
assets (2) 0.53% 1.69% 1.76% 1.68% 158% Operating net income: (1)
Net income S 1,363 $ 8,939 $ 8,140 $ 7,658 $ 6,904 Less: Net losses
on sale of securities (7,498) (28) - - - Less: Tax effect on sale
of securities 1,900 7 - - - Rus: Tax liability expense from
prior periods (3) 1,096 - - - - Operating net income $ 8,057
$ 8,960 $ 8,140 $ 7,658 $ 6,904 Operating return on average
assets: (1) Operating net income $ 8,057 $ 8,960 $ 8,140 $ 7,658 $ 6,904
Average assets S 2,799,863 S 2,798,115 S 2,677,198
S 2,606,593 S 2,544,592 Operating net income return on average
assets (2) 1.14% 1.27% 1.22% 1.19% 1.08% Operating return on average
equity: (1) Operating net income $ 8,057 $ 8,960 $ 8,140 $ 7,658 $ 6,904
Average equity $ 212,393 $ 225,316 $ 228,492 $ 219,505
$ 215,715 Operating net income return on average equity (2)
15.05% 15.78% 14.29% 14.15% 12.73% Operating revenue: (1)
Net interest income S 22,207 S 21,274 S 21,034 S 19,115 S
19,358 Non-interest income (4,178) 3,684 3,370 3,716 3,627 Less: Net
losses on sale of securities Operating revenue g (7,498) 2F F97 g (28)
2A Q2F g 2AA0A g 29 831 c 99 Q95 2 — " " -------------
" — 2.71 " — 7.111 Operating efficiency ratio: (1) Total non-
interest expense $ 14,275 $ 13,048 $ 12,634 $ 12,052 $ 12,854 Operating
revenue S 25,527 S 24,986 S 24,404 S 22,831 S 22,985 Operating
efficiency ratio 55.92% 52.22% 51.77% 52.79% 55.92% 1. The
Company believes these non-GAAP financial measurements are
key indicators of the ongoing earnings pow er of the Company.
- 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. 20
APPENDIX - NON-GAAP RECONCILIATION In thousands
(except ratios and share data) As of or For the Three Months Ended
12/31/2025 9/30/2025 6/30/2025 3/31/2025 12/31/2024 Tangible
book value per common share (at period-end): (1) Total stockholders’
equity $ 217,183 $ 209,095 $ 231,583 $ 225,088 $ 215,388 Less:
Intangible assets - - - - - Tangible stockholders’ equity S 217,183
S 209,095 S 231,583 S 225,088 S 215,388 Total shares issued
and outstanding (at period-end): Total common shares issued
and outstanding 18,137,885 18,107,385 20,078,385 20,048,385
19,924,632 Tangible book value per common share
(2) S 11.97 $ 11.55 $ 11.53 $ 11.23 $ 10.81 Operating diluted
net income per common share: (1) Operating net income 3 8,057
3 8,960 3 8,140 3 7,608 3 6,904 Total weighted average
diluted shares of common stock 18,348,725 19,755,820 20,295,794 20,319,535
20,183,731 Operating diluted net income per common share: $ 0.44 $
0.45 $ 0.40 $ 0.38 $ 0.34 Tangible Com m on Equity/Tangible
Assets (1) Tangible stockholders’ equity $ 217,183 $ 209,095
$ 231,583 $ 225,088 $ 215,388 Tangible total assets (3)
$ 2,791,540 $ 2,767,945 $ 2,719,474 $ 2,677,382 $ 2,581,216 Tangible
Common Equity/Tangible Assets 7.78% 7.55% 8.52% 8.41% 8.34%
- The Company believes these non-GAAP financial measurements
are key indicators of the ongoing earnings power of the Company.
- 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.
21
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 22