USCB 8-K
Uscb Financial Holdings, Inc. (USCB)
8-K
2026-01-22
For: 2026-01-22
View Original
Added on
April 06, 2026
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
__________________________
FORM
__________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
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of Incorporation)
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,
,
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)
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:
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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:
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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.
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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
99.2
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
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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
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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.
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•
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
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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
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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
Media Relations
Martha Guerra-Kattou
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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
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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)
$
22,207
$
21,274
$
21,034
$
19,115
$
19,358
(4,178)
3,684
3,370
3,716
3,627
(7,498)
(28)
-
-
-
$
25,527
$
24,986
$
24,404
$
22,831
$
22,985
Operating efficiency ratio:
(1)
$
14,275
$
13,048
$
12,634
$
12,052
$
12,854
$
25,527
$
24,986
$
24,404
$
22,831
$
22,985
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)
$
217,183
$
209,095
$
231,583
$
225,088
$
215,388
(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.
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 2024. 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 2024. 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
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
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
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. 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. 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% 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. 21
CONTACT INFORMATION LOU DE LA AGUILERA Chairman, President & CEO (305) 715-5186 [email protected] ROB ANDERSON EVP, Chief Financial Officer (305) 715-5393 [email protected] INVESTOR RELATIONS [email protected] 22