8-K

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):

November 6, 2024

__________________________

USCB Financial Holdings, Inc.

(Exact name of Registrant as Specified in Its Charter)

__________________________

Florida

001-41196

87-4070846

(State or Other Jurisdiction

of Incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

2301 N.W. 87th Avenue

,

Doral

,

Florida

33172

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s Telephone

Number, Including Area Code: (

305

)

715-5200

__________________________

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

of the registrant under

any of the following provisions:

☐

Written communications pursuant

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

☐

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

-12)

☐

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

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

☐

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

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

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

Title of each class

Trading

Symbol(s)

Name of each exchange on which registered

Class A common stock, $1.00 par value per share

USCB

The Nasdaq Stock Market LLC

Indicate by

check mark

whether the

registrant is

an emerging

growth company

as defined

in Rule

405 of

the Securities

Act of

1933

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

-2 of this chapter).

Emerging growth company

☒

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 7.01. Regulation FD Disclosure.

USCB Financial Holdings,

Inc. is filing an

investor presentation (the

“Presentation”), which will

be used by the

management

team for presentations to investors and

others. A copy of the Presentation

is attached hereto as Exhibit 99.1 and

incorporated herein by

reference. The Presentation is

also available on the

Company’s website

at investors.uscenturybank.com.

Information contained herein,

including Exhibit 99.1, is being furnished and shall not be deemed “filed”

for the purposes of Section 18 of the Securities

Exchange Act

of 1934,

as amended

“Exchange Act”,

or otherwise

subject to

the liability

of such

section, and

shall not

be deemed

incorporated by

reference

in any

filing

under the

Securities

Act

of

1933,

as amended

,

or the

Exchange

Act,

regardless

of any

general

incorporation

language in such filing, except as shall be expressly set forth by specific

reference in such a filing.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.

Description

99.1

USCB Financial Holdings, Inc. Investor Presentation Q3 2024

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: November 6, 2024

exhibit991

Exhibit 99.1

INVESTOR PRESENTATION THIRD QUARTER

2024 NASDAQ: USCB USBC FINANCIAL HOLDINGS U.S.

CENTURY BANK

FORWARD-LOOKING STATEMENTS This presentation

may contain statements that are not historical in nature and are

intended to be, and are hereby identified as, forward-looking statements

for purposes of the safe harbor provided by Section 21E of the

Securities Exchange Act of 1934, as amended. Forward-looking statements

are those that are not historical facts. The words “may,” “will,”

“anticipate,” “could,” “ should,” “would,” “believe,” “contemplate,”

“expect,” “aim,” “plan,” “estimate,” “continue,” and “intend,”, the negative

of these terms, as well as other similar words and expressions of the

future, are intended to identify forward-looking statements. These forward

-looking statements include, but are not limited to, statements related

to our projected growth, anticipated future financial performance,

and management’s long-term performance goals, as well as statements

relating to the anticipated effects on our results of operations and financial

condition from expected or potential developments or events,

or business and growth strategies, including anticipated internal

growth and balance sheet restructuring. These forward-looking

statements involve significant risks and uncertainties that could cause

our actual results to differ materially from those anticipated in such

statements. Potential risks and uncertainties include, but are

not limited to: the strength of the United States economy in general

and the strength of the local economies in which we conduct operations;

our ability to successfully manage interest rate risk, credit risk,

liquidity risk, and other risks inherent to our industry; the accuracy

of our financial statement estimates and assumptions, including the estimates

used for our credit loss reserve and deferred

tax asset valuation allowance; the efficiency and effectiveness of our internal control

procedures and processes; our ability to comply with the extensive

laws and regulations to which

we are subject, including the laws for each jurisdiction where we operate;

adverse changes or conditions in the capital and financial markets,

including actual or potential stresses in the banking industry;

deposit attrition and the level of our uninsured deposits; legislative

or regulatory changes and changes in accounting principles,

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

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

standard; the lack of a significantly diversified loan portfolio and the concentration

in the South Florida market, including the risks of geographic,

depositor, and industry concentrations, including our concentration

in loans secured by real estate, in particular, commercial real

estate; the effects of climate change; the concentration of ownership of

our common stock; fluctuations in the price of our common stock;

our ability to fund or access the capital markets at attractive

rates and terms and manage our growth, both organic growth as

well as growth through other means, such as future acquisitions;

inflation, interest rate, unemployment rate, and market and monetary

fluctuations; impacts of international hostilities and geopolitical

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

and services as well as our net interest rate spread and net

interest margin; the loss of key employees; the effectiveness of

our risk management strategies, including operational risks, including,

but not limited to, client, employee, or third-party fraud and

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

Measures This presentation includes financial information determined

by methods other than in accordance with generally accepted

accounting principles (“GAAP”). This financial information includes certain

operating performance measures. Management has included

these non-GAAP financial measures because it believes these

measures may provide useful supplemental information for evaluating

the Company’s expectations and underlying performance

trends. Further, management uses these measures in managing and evaluating

the Company’s business and intends to refer

to them in discussions about our operations and performance. Operating

performance measures should be viewed in addition to, and not

as an alternative to or substitute for, measures determined

in accordance with GAAP, and are not necessarily comparable

to non-GAAP measures that may be presented by other companies.

Reconciliations of these non-GAAP measures to the most directly compa

rable GAAP measures can be found in the Non-GAAP financial measures

reconciliation tables included in this presentation. All numbers included

in this presentation are unaudited unless otherwise noted. 2

TABLE OF CONTENTS 1 Who We Are 2 Growth Strategy

3 Financial Review 4 Appendix 3

WE ARE A RELATIONSHIP-FIRST BANK Company Overview

Founded in 2002, U.S. Century Bank is a state-chartered bank

headquartered in South Florida 9th largest Florida headquartered

bank by deposits in Miami Dade County as of June 30, 2024.(1) Its

holding company

formed in December 2021, USCB Financial Holdings, Inc. (NASDAQ:

USCB) is included in the Russell 3000 Index The Bank issued

its initial public offering in July 2021, raising $40.0 million in

equity capital. Full service commercial bank offering products

and services tailored to meet the needs of Small-to-Medium

Sized Businesses, entrepreneurs and professionals in South Florida

(Miami Dade, Broward, and Palm Beach counties) SBA preferred

lender, ranked as a top SBA 7(a) community bank lender in Miami Dade and

Broward counties 5-star Bauer Financial rating ASSETS $2.58 LOANS

$1.9B DEPOSITS $2.1 EQUITY $214 NPA/ASSETS TOTAL

RBC ROAAC2) EPS(3) 0.11% 13.22% 1.11% $0.35 Commercial

Banking Focused on servicing small/medium-sized businesses

within branch footprint Offer relationship retail deposit products

to owners and operators of SMBs Ability for customers to access

accounts through online and mobile banking platforms Credit products

include Asset Based Loans, Lines of Credit and Term Loans

Provide Treasury Management services to clients Relationship-driven

with flexible solutions tailored to each client’s need South Florida

10 Branches FDIC Deposit Market Share Report as of 6/30/24. Based

on Q3 2024 results. Annualized. Diluted EPS for the quarter

ended September 30, 2024. 4

LOCATED IN A VIBRANT ECONOMY Florida is one of

the largest business markets in the country According to the U.S.

Small Business Administration’s 2022 report, Florida ranks third

among states with the largest number of small businesses (three

million) Enterprise Florida reported the state had the lowest unemployment

rate amongst the top ten largest states as of November 2022;

Florida continues to maintain one of the lowest unemployment

rates compared to the national rate According to CNBC, Florida

ranked #8 in 2023 for business The tri-county area of Miami-Dade,

Broward and Palm Beach is the premier market within the state of

Florida According to the U.S. Small Business Administration’s report,

Miami-Dade MSA accounts for more than 1/3 of small businesses in

the state of Florida as of December 2022 A diverse and vibrant economy

Miami-Dade MSA has a rapidly growing population The Miami

-Dade MSA represents over 6 million residents and is expected

to reach close to 7 million by 2025 Business-friendly tax structur

es, no personal income tax and a reasonable cost living attract business

to Florida 23 Fortune 500 companies are in Florida as of

the end of 2022, with 11 in the Miami-Dade MSA Sources:

U.S. Small Business Administration’s Office of Advocacy

for 2022, Enterprise Florida, U.S. Bureau of Labor Statistics, Fortune

Magazine, Miami-Dade Beacon Council. 5

ATTRACTIVE DEMOGRAPHICS Household Income Projected

Growth 2022-2027 (1) Miami leads expectations of income

growth with a 5-year growth rate of 16.98%. 9 cities within the current

USCB network are expected to have growth greater than the US

and Florida averages Miami-Dade MSA is the premier market

within the state of Florida The Miami-Dade metro area is the tenth

largest MSA in the United States by total number of businesses,

per the North American Industry Classification System (NAICS) database

USCB network USA & Florida growth rates 18.00% 17.00%

16.00% 15.00% 14.00% 13.00% 12.00% 11.74% 11.90% 11.97%

12.02% 12.05% 123.10% 12.35% 12.39% 12.81% 13.20%

13.24% 13.26% 13.32% 13.37% 13.46% 13.47% 13.78% 13.99%

14.04% 14.16% 15.34% 15.61% 16.98% 11.00% 10.00%

9.00% 8.00% Tampa Coral Springs Palm Bay Jacksonville Hollywood

US Florida Pembroke Pines Hialeah Davie Spring Hill Tallahassea

Miramar Cape Coral Pompano Beach West Palm Beach

Orlando Clearwater Saint Petersburg Miami Gardens Fort Lauderdale

Port Saint Lucie Miami (1) Source: S&P Global Market Intelligence.

6

SEASONED MANAGEMENT Luis de la Aguilera Chairman,

President & CEO Previously President & CEO of TotalBank 40+

years in banking Rob Anderson Chief Financial Officer Previously

CFO of Capstan Financial Holdings 18+ years in banking Bill Turner

Chief Credit Officer Previously CCO of Interamerican Bank 35+

years in banking Oscar Gomez Head of Global Banking Division

Previously at Regions Bank 30+ years in banking Maricarmen

Logroño Chief Risk Officer Previously at Doral Bank 20+ years

in banking Nicholas Bustle Chief Lending Officer Previously

at Valley Bank 35+ years in banking Andres Collazo

Director of Operations & IT Systems Previously at TotalBank

33+ years in banking Martha Guerra-Kattou Director of Sales & Marketing

Previously at TotalBank 30+ years in banking Seasoned Management

Team with Local Banking Experience 7

ACCOMPLISHED BOARD OF DIRECTORS Luis de la Aguilera

Chairman, President & CEO Previously President & CEO of TotalBank

• Director since 2016 Aida Levitan * Board Member President the

Levitan Group Director since 2013 Kirk Wycoff V* Board Member

Managing Partner, Patriot Financial Partners, LP. Director

since 2015 Howard Feinglass Board Member Managing Partner,

Priam Capital Director since 2015 Ramón Abadin Board Member

Partner, Ramon A. Abadin P.A. Director since 2017

Bernardo Fernandez, Jr. Board Member Previous CEO, Baptist Health

Medical Group Director since 2017 Ramon A. Rodriguez, CPA

Board Member Chairman and Chief Executive Officer Cable Insurance

Director since 2022 Robert Kafafian Board Member Founder, Chairman

& Chief Executive Officer The Kafafian Group, Inc.

Director since 2022 Maria C. Alonso Board Member CEO and Regional

Dean of Northeastern University, Miami Campus Director

since 2022 Highly Accomplished and Aligned Board with Complementary

Track Records 8

OUR STRATEGY Organic Loan Growth: Take advantage

of platform that we have developed post recap, capitalize on fragmented

Miami-Dade MSA community banking market, and continue

to build market share Capitalize on inherent advantages over

smaller community

banks which lack our product expertise and breadth of service

Due to significant consolidation, there exists a base of potential clients

that desire to partner with a bank that is locally headquartered

Team Lift-outs: Continue to bring in top tier talent to U.S. Century

Bank, with teams attracted to culture, public currency and

local decision making Overall growth success will depend upon our ability

to attract, retain, develop, incentivize, and reward the human capital

necessary to execute growth strategy Attractive stock-based

incentive compensation to attract top tier talent Asset Purchases:

Portfolio loan purchases from companies exiting non-core lines of business;

opportunistic to organic growth initiatives Net capital can

serve as dry powder to facilitate meaningfully sized portfolio acquisitions

Proactively evaluating portfolio opportunities that are consistent with USCB’s

credit philosophy Strategic Acquisitions: Become an active acquirer

for Florida banks looking to find a partner Focused on strategic, financially

attractive acquisitions which support USCB’s organic

growth strategy without compromising the risk profile Numerous potential

partners Miami-Dade MSA that may seek liquidity USCB is positioned

to offer stock consideration 9

DIVERSIFIED BUSINESS VERTICALS 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 Differentiated

Banking Product Offerings Jurist Advantage $246 Deposits Deposit

aggregating focus/strategy Tailored products & services

for law offices, managing partners, associates and other staff

members Commercial deposits accounts, treasury management, commerc

ial lending, student loan refinancing, residential loans and credit card

services Yacht Lending 192MM Loans Yacht financing

for larger vessels, transaction range is $750 -$7.5MM.

Brokered oriented business, 3 vendor approved brokers Member

of the National Marine Lenders Association Acquired two yacht lending

portfolios in 2021 and launched this new vertical in 2022 Association

Banking $127 Deposits / $115MM loans 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 SBA / Small

Business Lending $47 Loans Medical Advantage 21MM Deposit

s

Correspondent Banking S250MM Deposits/$104MM 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

Deposit aggregating focus/strategy As a concierge-level banking service,

MDAdvantage is designed to cater to the ”PP — complex banking requirements

of medical professionals. Offers a broad range of

products and services developed for physicians,

dentists, and veterinarians 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 Balances

as of September 30, 2024. 10

DEPOSIT AGGREGATING VERTICALS Deposits Trend

(EOP) In millions $88 $229 $312 $352 $446 $492 $554 $575

$644 $48 $129 $138 $154 $177 $200 $209 $226 $250 $10 $38

$77 $68 $97 $112 $134 $130 $127 $30 $62 $97 $130 $172 $164 $211

$219 $246 2018 2019 2020 2021 2022 2023 Q1 2024 Q2 2024

Q3 2024 JA/PCQ HOA Corresponding Banking MD Advantage

Commentary $556 million in deposit growth compared to December

31, 2018. Growth by vertical from 2018 to Third Quarter 2024:

JA/PCG: $216 million. HOA: $117 million. Correspondent

Banking & International Banking: $202 million. MD Advantage:

$21 million. 11

Q3 2024 HIGHLIGHTS GROWTH Average deposits increased

by $136.1 million or 7.0% compared to the third quarter 2023. Average

loans increased $267.4 million or 16.6% compared to the third quarter

2023. Liquidity sources as of September 30, 2024, aggregated $695 million

in on-balance sheet and off-balance sheet sources. Tangible

book value per common share (a non-GAAP measure) (1) on September

30, 2024 was $10.90 includes AOCI impact of ($1.94) increased

$0.66 or 25.7% annualized from $10.24 in prior quarter end which

included an AOCI impact of ($2.28). PROFITABILITY Net income

was $6.9 million or $0.35 per diluted share, an increase of $3.1 million

or 82.0% compared to the third quarter 2023. Net interest income

before provision increased $4.1 million or 29.1% for the quarter

compared to the third quarter 2023. ROAA was 1.11% in the third

quarter 2024 compared to 0.67% for the third quarter 2023. ROAE was

13.38% in the third quarter 2024 compared to 8.19% for the

third quarter 2023. CAPITAL/CREDIT The Company’s Board

of Directors declared a cash dividend of $0.05 per share of the

Company’s Class A common stock on October 28, 2024. The

dividend will be paid on December 5, 2024 to shareholders of record

at the close of business on November 15, 2024. At September 30, 2024,

four loans were classified as nonaccrual for a total of $2.7

million. ACL coverage ratio was 1.19% at September 30, 2024, and

1.16% at September 30, 2023. (1) Non-GAAP financial measure.

See reconciliation in this presentation. 12

HISTORICAL FINANCIALS EOP for Balance Sheet amounts Loans

(1) In millions $735 $1,931 2016 2017 2018 2019 2020 2021

2022 2023 Q1 2024 Q2 2024 Q3 2024 Deposits In millions $782

$2,127 2016 2017 2018 2019 2020 2021 2022 2023 Q1 2024 Q2

2024 Q3 2024 Total stockholders’ equity In millions $86 $214

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

Q3 2024 ACL/Total Loans (2) 1.17% 1.19% 2016 2017

2018 2019 2020 2021 2022 2023 Q1 2024 Q2 2024 Q3 2024 Net charge

-offs ($1,019) ($6) 2016 2017 2018 2019 2020 2021 2022 2023

Q1 2024 Q2 2024 Q3 2024 Nonperforming Assets/Total

Assets 1.58% 0.11% 2016 2017 2018 2019 2020 2021 2022 2023

Q1 2024 Q2 2024 Q3 2024 Net Interest Income In millions $30 $59

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

Q3 2024 Efficiency Ratio 94.15% 53.16% 2016 2017 2018

2019 2020 2021 2022 2023 Q1 2024 Q2 2024 Q3 2024 PTPP

ROA (3) 0.24% 1.62% 2016 2017 2018 2019 2020 2021 2022

2023 Q1 2024 Q2 2024 Q3 2024 (1) Loan amounts include deferred

fees/costs. (2) ACL was calculated under the CECL standard

methodology for all periods after January 1st 2023, and the incurred

loss methodology for all periods before. (3) Non-GAAP financial

measure. See reconciliation in this presentation. 13

FINANCIAL RESULTS In thousands (except per share

data) Q3 2024 Q2 2024 Q3 2023 Balance Sheet (EOP) Total

Securities $426,528 $406,050 $415,920 Total Loans (1) $1,931,362

$1,869,249 $1,676,520 Total Assets $2,503,954 $2,458,270

$2,244,602 Total Deposits $2,126,617 $2,056,702 $1,920,922

Total Equity (2) $213,916 $201,020 $182,884 Income Statement

Net Interest Income $18,109 $17,311 $14,022 Non-Interest

Income $3,438 $3,211 $2,161 Total Revenue $21,547 $20,522

$16,183 Provision for Credit Losses $931 $786 $653 Non-Interest

Expense $11,454 $11,560 $10,461 Net Income $6,949 $6,209

$3,819 Diluted Earning Per Share (EPS) $0.35 $0.31 $0.19 Weighted

Average Diluted Shares 19,825,211 19,717,167 19,611,897

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

includes accumulated comprehensive loss of $38.0 million for Q3 2024,

$44.7 million for Q2 2024, and $51.2 million for Q3 2023. 14

KEY PERFORMANCE INDICATORS Q3 2024 Q2 2024 Q3

2023 In thousands (except for TBV/share) GROWTH Total Assets

(EOP) $2,503,954 $2,458,270 $2,244,602 Total Loans (EOP)

$1,931,362 $1,869,249 $1,676,520 Total Deposits (EOP) $2,126,617

$2,056,702 $1,920,922 Tangible Book Value/Share

(1)(2) $10.90 $10.24 $9.36 PROFITABILTY Return On Average

Assets (ROAA) (3) 1.11% 1.01% 0.67% Return On Average

Equity (ROAE) (3) 13.38% 12.63% 8.19% Net Interest Margin (3)

3.03% 2.94% 2.60% Efficiency Ratio 53.16% 56.33% 64.64%

Non-Interest Expense/Avg Assets (3) 1.83% 1.88% 1.84%

CAPITAL/CREDIT Tangible Common Equity/Tangible

Assets (1) 8.54% 8.18% 8.15% Total Risk-Based Capital (4) 13.22%

13.12% 13.10% NCO/Avg Loans (3) 0.00% 0.00% 0.00%

NPA/Assets 0.11% 0.03% 0.02% Allowance for Credit Losses/Loans

1.19% 1.19% 1.16% (1) Non-GAAP financial measures. See reconciliation

in this presentation. (2) AOCI effect on tangible book value per

share was ($1.94) for Q3 2024, ($2.28) for Q2 2024 and ($2.62) for

Q3 2023. (3) Annualized. (4) 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. 15

DEPOSIT PORTFOLIO Deposits AVG In millions $1,941

$1,914 $2,049 $2,083 $2,078 $290 $282 $523 $316 $326 $1,011

$1,005 $1,098 $1,101 $1,085 $57 $50 $53 $56 $58 $588 $577 $575

$610 $5,609 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Non-interest

-bearing deposits Money market and savings Interest-bearing checking

deposits Time deposits Deposit Cost 2.39% 2.53% 2.76%

2.64% 2.66% Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024

Commentary Average deposits slightly decreased to $2,078 million

compared to the prior quarter and increased $136.1 million

or 7.0% compared to the third quarter 2023. DDA remained at 29%

of total average deposits. The quarterly average cost of deposits went

up 2 bps during the third quarter of 2024 compared to the prior

quarter; however, the monthly average deposit cost for September

2024 was 2.57%. The monthly decrease in deposit cost was due to

the Company reducing Money Market rates in conjunction with the Fed

Funds decrease during the month. 16

LIQUIDITY EOP for Balance Sheet amounts Total Liquidity 57.3%

91.9% 86.6% 90.9% 90.8% Sep-23 Dec-23 Mar-23 Jun-24

Sep-27 On Balance Sheet Liquid Assets Total Liquidity Liquid

Assets: On-Balance Sheet Liquidity / Total Assets Total

Liquidity: Total Liquidity / Total Assets Sources of

Liquidity (in millions) 09/30/2024 On Balance Sheet Liquidity

Cash $6 Due from banks $33 Investment securities unpledged

$343 Total on balance sheet liquidity (Liquid Assets) $382 Off

Balance Sheet Liquidity FHLB excess capacity $176 Federal

Reserve Discount Window $32 Fed Fund Lines $105 Total

off balance sheet liquidity $313 Total Liquidity $695 Commentary

We believe we are well positioned to weather the current

economic environment. We have ample sources of liquidity

both on and off-balance sheet. Loan-to-deposit ratio increased

compared to third quarter 2023 due to additional loan production. Loan-to-Deposit

Ratio 57.3% 91.9% 86.6% 90.9% 90.8% Sep-23 Dec-23 Mar-23

Jun-24 Sep-27 Liquidity calculation excludes vault cash reserves

17

LOAN PORTFOLIO Total Loans (AVG) In millions

$1,611 $1,699 $1,782 $1,828 $1,878 Q3 2023 Q4 2023 Q1 2024 Q2

2024 Q3 2024 Loan Yields 5.55% 5.79% 6.01% 6.16% 6.32%

0.02% 0.00% 0.00% 0.00% 0.00% 5.53% 5.79% 6.01% 6.16% 6.32%

+79 bps Q3'23 vs Q3'24 Sep-23 Dec-23 Mar-23 Jun-24 Sep-27

Loan coupon Loan Fees Commentary Average loans

increased $49.7 million or 10.8% annualized compared to prior

quarter and $267.4 million or 16.6% compared to the third quarter

2023. Loan coupon increased 16 bps compared to the prior quarter

and 79 bps compared to the third quarter 2023. 18

LOAN PRODUCTION Net Loan Production Trend In millions

8.00% 8.00% 8.16% 8.01% 7.75% $135 $55 $150 $46 $131 $91

$155 $108 $157 $95 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3

2024 Loan Production/Line changes Loan Amortization/payoffs

New loans weighted average coupon Loan Composition Trend

EOP (1) In millions $948 $1,928 28% 15% 63% 57% 9% 28%

Jun-20 Sep-24 Residential real estate Commercial real estate

Real Estate Loans Commercial and industrial. Correspondent banks, and

Consumer and other (1) Excludes deferred fees/cost. Commentary $157.0

million in new loan production in the third quarter 2024. Weighted

average coupon on new loans was 7.75% for third quarter 2024, 143

bps above portfolio weighted average yield. Loan composition

shift from real estate loans to non-CRE loans is steadily increasing,

further diversifying our loan portfolio. 19

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

(except ratios) 2.60% 2.65% 2.62% 2.94% 3.03% $14,022 $14,376

$15,158 $17,311 $18,109 Q3 2023 Q4 2023 Q1 2024 Q2 2024

Q3 2024 Net interest income NIM Interest-Earning Assets

Mix (AVG) 4% 2% 5% 4% 3% 21% 19% 18% 19% 18%

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

Q3 2024 Total Loans Investment Securities Cash Balances

& Equivalents Commentary Net interest income increased

$798 thousand or 18.3% annualized compared to prior quarter and

$4.1 million or 29.1% compared to the third quarter 2023. Net interest

margin increased 9 bps compared to prior quarter and 43 bps compared

to third quarter 2023. NIM drivers: Interest earning asset mix improving

at higher yields. Deposit cost remained stable. (1) Annualized.

20

INTEREST RATE SENSITIVITY Loan Portfolio Repricing

Profile by Rate Type Hybrid ARM Fixed Rate 44% Variable

Rate 53% 23% 12% 65% Prime CMT SOFR Loan Repricing Schedule

Variable/Hybrid Rate Loans 29% 38% 12% 21% 0-1 yrs.

1-2 yrs. 2-3 yrs. >3 yrs. Static NII Simulation Year 1

& 2 Net Interest Income change from base ($ in thousands and % change)

$4,000 $3,000 $2,000 $1,000 $0 -100 0.7% 4.1% -$1,000 -1.4% 100

-100 +100 -$2,000 -5.5% -$3,000 -$4,000 -$5,000 21

SECURITIES PORTFOLIO EOP for Balance Sheet amounts, in

millions Portfolio Composition As of 9/30/24 Treasury CMO

MBS CMBS SBA Agency Municipalities Corporate Bank Subordinated

Debt 5% 33% 22% 20% 7% 6% 5% 2% Commentary

Securities portfolio at September

30, 2024 was $426.5 million; 61% of the portfolio is classified as AFS,

while 39% is classified as HTM. The modified duration is 5.1 and

the average life is 6.4 years. Duration has increased as the result

of higher rates and lower prepayments. We expect to receive

$13.5 million from the securities portfolio in Q4 2024 at current rates;

these cashflows will support loan growth or debt repayment. If rates

drop 100 bps, we expect to receive $14.2 million in Q4 2024. 75%

of the portfolio is invested in mortgage-backed securities, boosting

the liquidity. Securities Portfolio Key Metrics Metrics as of 9/30/2024

Securities Portfolio $ 426.5 AFS as % of portfolio 61% HTM as

% of portfolio 39% Portfolio Yield 2.6% Average Life

6.4 Mod Duration 5.1 AFS AOCI $ (41.5) Estimated Short Term

Cashflows -100 Base +100 Q4 2024 $14.2 $13.5 $12.8 2025 $52.9

$49.2 $45.2 2026 $55.2 $53.1 $50.2 Total $122.3 $115.8

$108.2 Securities Portfolio % 28.7% 27.2% 25.4% 22

ASSET QUALITY Allowance for Credit Losses In thousands (except

ratios) 1.16% 1.18% 1.18% 1.19% 1.19% $19,493 $21,084 $21,454 $22,230

$23,067 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Allowance

for credit losses ACL/Total loans Non-performing Loans In

thousands (except ratios) 0.03% 0.03% 0.0.3% 0.04% 0.14% $479 $468

$456 $758 $2,725 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024

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

Allowance for credit losses increased $837 thousand compared

to prior quarter and $3.6 million compared to third quarter 2023.

ACL coverage ratio was at 1.19% as of September 30, 2024. One

C&I loan for $420 thousand, two consumer loan for $1,991 thousand,

and one residential real estate loan for $314 thousand were

classified as nonaccrual as of September 30, 2024. Classified Loans (1)

to Total Loans 0.27% 0.53% 0.44% 0.45% 0.36% (1) Loans

classified as substandard at period end. No loans classified doubtful

at all the dates presented. 23

LOAN PORTFOLIO MIX Residential real estate CRE - Owner

occupied CRE - Non-owner occupied Commercial and industrial

Correspondent banks Consumer and other 10% 15% 10% 47% 13% 5%

$1,928 MM (1) Commentary Total loan balance at quarter

end was $1,928 million (1). Commercial Real Estate (owner

occupied and non-owner occupied) was 57% or $1,095 million

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

Retail non-owner occupied makes up 27% of total CRE or $297.1 million.

CRE Loan Mix Land/Construction 3% Other 3% Retail 27%

Multifamily 18% CRE - Owner Occupied 17% Office

11% Warehouse 12% Hotels 9% Land/Construction 3% $1,095MM

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 $316

57% 1.53 $3.0 Multifamily $203 56% 1.33 $1.6 Office $182 56%

1.94 $1.5 Warehouse $187 57% 2.25 $1.6 Hotel $96 59% 2.23

$4.8 Other $75 57% 2.07 $1.7 Land/Construction $36 45%

NA $2.1 As of 9/30/24 Excludes deferred fees/cost 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. 24

CRE OFFICE PORTFOLIO Owner Occupied Office by Business Type

In Millions as of 9/30/2024 $19.2 30% $16.4 25% $24.8 38%

$4.4 7% Medical/Dental Other Professional Other <$1MM Non-Owner

Occupied Office by Business Type In Millions as of 9/30/2024

$12.1 11% $83.0 71% $16.3 14% $4.9 4% Multi-Tenant

Medical/Dental Other < $1MM Commentary Total office

loan portfolio (owner occupied and non-owner occupied) had 120

notes with an average balance of $1.5 million, LTV of 56%, and

DSCR of 1.94X at quarter end. The largest business type in

the office portfolio is multi-tenant with 46% of the portfolio.

South Florida’s office sector outperforms the national average

with a lower vacancy rate of 12% and with a positive net absorption for

three straight years as of Q1 2024. All three major markets within

South Florida were ranked in the top 10 nationally for year-over-year

rent growth. (1) Office Loan Portfolio Maturities and Repricing < 1 year 1 year

to 3 years 3 years to 5 years 5 years to 10 years > 10 years 11% 28%

49% 12% 0% CRE Office Key Metrics As of 9/30/240 Avg. Loan

Size in millions $1.5 NCOs / Average Loans 0.00% Delinquencies

/ Loans 0.00% Nonaccruals / Loans 0.00% Classified Loans / Loans

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

commercial real estate services & investment company with clients

in 100+ countries, including over 95% of the Fortune 100. Published

March 2024. 25

NON-INTEREST INCOME In thousands (except ratios) Q3 2024 Q2

2024 Q1 2024 Q4 2023 Q3 2023 Total service fees

$2,544 $1,977 $1,651 $1,348 $1,329 Wire fees $563 $557 $521 $518

$502 Swap fees $1,285 $650 $285 $16 $97 Other $696 $770 $845

$814 $730 Gain (loss)

on sale of securities available for sale - 14 - (883) (955) Gain

on sale of loans held for sale 109 417 67 105 255 Other income

785 803 746 756 1,532 Total non-interest income $3,438

$3,211 $2,464 $1,326 $2,161 Average total assets $2,485,434

$2,479,222 $2,436,103 $2,268,811 $2,250,258 Non-interest income/Average

assets (1) 0.55% 0.52% 0.41% 0.23% 0.38% Commentary Service fees

increased year over year due to loan swap fees and wire fees.

Gain on sale of SBA 7a loans represent $109 thousand for the third quarter

2024. Non-interest income is 16.0% of total revenue for third quarter

2024 and 0.55% to average assets; both metrics are higher than prior

quarters. (1) Annualized. 26

NON-INTEREST EXPENSE In thousands (except ratios) Q3 2024 Q2

2024 Q1 2024 Q4 2023 Q3 2023 Salaries and employee benefits

$7,200 $7,353 $6,310 $6,104 $6,066 Occupancy 1,341 1,266 1,314

1,262 1,350 Regulatory assessments and fees 452 476 433

412 365 Consulting and legal fees 161 263 592 642 513 Network and

information technology services 513 479 507 552 481 Other operating

expense 1,787 1,723 2,018 1,747 1,686 Total non-interest

expense $11,454 $11,560 $11,174 $10,719 $10,461 Efficiency

ratio 53.16% 56.33% 63.41% 68.27% 64.64% Average

total assets $2,485,434 $2,479,222 $2,436,103 $2,268,811 $2,250,258

Non-interest expense / Average assets (1) 1.83% 1.88%

1.84% 1.87% 1.84% Full-time equivalent employees 198 197 199

196 194 Commentary Salaries and benefits decreased $153 thousand compared

to the prior quarter due to higher incentives paid in the second quarter

2024. Consulting and legal fees decreased $102 thousand compared to

the prior quarter due to reimbursement of legal expenses. Non-interest

expense to average assets remained under 2% for all periods. Efficiency

ratio improved for the third quarter 2024 primarily due to strong growth

in non-interest income and a slight decrease in non-interest expenses.

(1) Annualized. 27

CAPITAL Capital Ratios (1) Leverage Ratio TCE/TA (2) Tier

1 Risk-Based Capital Total Risk-Based Capital AOCI In

Millions Q3 2024 9.34% 8.54% 12.01% 13.22% ($38.0) Q2

2024 9.03% 8.18% 11.93% 13.12% ($44.7) Q3 2023 9.26% 8.15%

11.97% 13.10% ($51.2) Well-Capitalized 5.00% NA 8.00%

10.00% Commentary The Company paid in September 2024 a cash

dividend of $0.05 per share of the Company’s Class A common stock;

the aggregate distributed dividend amount was $1.0 million.

During the quarter, the Company repurchased 10,000 shares

of common stock at a weighted average cost per share of $12.03. 537,980

shares remained authorized for repurchase under the Company’s

share repurchase programs at September 30, 2024. Q3 2024 EOP

common stock shares outstanding: 19,620,632. (1) Reflects the

Company's regulatory capital ratios which are provided for informational

purposes only; as a small bank holding company, the

Company is not subject to regulatory capital requirements. (2) Non-GAAP

financial measures. See reconciliation in this presentation. 28

TAKEAWAYS Leading franchise located in

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

Robust organic growth Strong asset quality, with minimal

charge-

offs experienced since 2015 recapitalization Experienced and tested

management team Strong profitability, with pathway for future

enhancement identified Core funded deposit base with 30% non-

interest-bearing deposits (EOP) 29

APPENDIX – RISK MANAGEMENT Risk Management Philosophy and

Culture Management has instilled a culture of adherence

to well-developed risk management procedures Management is responsible

for day-to-day risk management (identifying, evaluating, and addressing

potential risks that may exist at the enterprise, strategic, financial,

operational, compliance and reporting levels) Risk management

division consists of four individuals covering enterprise risk management,

cybersecurity, third-party risk, internal audit and loan

reviews Compliance division consists of seventeen individuals

covering bank secrecy, consumer compliance and investigations

Both areas play an active role in assessing corporate risks, compliance

and collaborating with management to mitigate identified risks Heightened

focus on BSA / AML / KYC compliance due to foreign exposure

Individual country loan exposure limited to 0% - 70% of total capital

based on individual country risk Global banking services

offered exclusively to institutions in countries meeting U.S.

Century’s robust risk tolerance framework Highly experienced

compliance team with international compliance experience

from larger banking institutions Audit Committee consists of 4 members

responsible for complete oversight of Company’s risk management

process: Ramon Rodriguez (Chair), Bernardo Fernandez, Ramón

Abadin and Maria Alonso Credit Philosophy Conservative credit

culture that encourages prudent and desirable loans over unchecked

growth Underwriting strength stems from deep understanding of U.S.

Century’s market, long-standing relationships with clients, and disciplined

process Focused on maintaining a well-diversified and conservative

loan portfolio Robust Credit Administration Underwriting group

supported by experienced credit officers with both credit and lending

experience Effective and independent loan review

Credit Committee meetings conduct in-depth loan portfolio monitoring,

including concentration limits Active monitoring and reporting on existing

or emerging concentrations and targeted reviews of any higher

risk portfolios 30

APPENDIX – TECHNOLOGY SUPPORT 2016 FIS Paperless

Account Opening January 16 - April 16 2017 cardEZonce Instant

Issue Debit Card October ‘16 - March 17 2018 / 9 = Network

In-housing —==== January 18 - September 18 . J 2019 / . 2 : — Horizon

Core Conversion September ‘18 - September ‘19 2020 / A rarag

Accounts Payable Msnn November '19-January ‘20 2021 / . Summit PPP

Loan Origination January ‘21 - February 21 Continued next

— International Letter Of Credit erran April‘16-July'16 ( 2*; — Cash

Management Portal ' 2 August'16 - March'17 ___ / SecureworksMSSP

Secureworks PRRMRAMAKRXXXP January 18 — May 18 __

Zelle Zelle P2P June 19 — November ‘19 •m... . Collaboration Applications

■ Microsoft February'20-March-20 D Treasury Management Platform

November ‘20 - October ‘21 ( —- Reporting Database b May 16

• September 16 ___ ( () FedlinkAnywhere lÁ^^^April 17-September

17 __ •m .. , OFFICE 365 i icroso February 18 - September 18 o I Image

Deposit ATM 1 March 19 - December 19 _____ / : NUMERATED

PPP Loan Origination System May ‘20 - June ‘20 COHESITY Immutable

backup solution Jan ‘21-June ‘21 — FIS EMV Debit Cards August

'16-October 16 __ CECL and ALLL Application ( abrigo June 21 -

December 21 31

APPENDIX – TECHNOLOGY SUPPORT 2022 / 9 MANTI

Remote Account Opening October ‘21 - March ‘22 Sw Secureworks

MXDR platform Feb ‘22-July22‘ ___ ( 1 Ring Central call reporting

IY October ‘22 - March ‘23 __ 2023 / 1 re abrigo Loan origination

system 9 June ‘22 -May 23 _____ •FedN: w FED Now payments January

‘23 - October ‘23 ( . Pidgin real time payments Pidgin January ‘23

• October ‘23 _____ Cloud (laas) for DR environment July

‘23 - December ‘23 2024 - 2025 P. PBX (SaaS) - Teams

Calling J November ‘23- March ‘24 __ ( Wire fraud application _____

A Commercial Account Opening _____ ( CRM system

_______ Account analysis solution ___ _____ Financial reporting application

________ ACH Positive Pay/ACH Alert zelle Zelle for Small Business

Siem Solution 32

APPENDIX - NON-GAAP RECONCILIATION In thousands

(except ratios) As of or For the Three Months Ended 9/30/2024 6/30/2024

3/31/2024 12/31/2023 9/30/2023 Pre-tax pre-provision ("PTPP")

income: (1) Net income $ 6,949 $ 6,209 $ 4,612 $ 2,721 $ 3,819

Plus: Provision for income tax es 2,213 1,967 1,426 787 1,250

Plus: Provision for credit losses PTPP income 931 c 10 003 c 786

o 062 410 c 6 449 1,475 c A 083 c 653 5 722 PTPP return on average

assets: (1) PTPP income $ 10,093 $ 8,962 $ 6,448 $ 4,983 $ 5,722 Ave

rage assets $ 2,485,434 $ 2,479,222 $ 2,436,103 $ 2,268,811 $ 2,250,258

PTPP return on average assets (2) 1.62% 1.45% 1.06% 0.87% 1.01%

Operating net income: (1) Net income $ 6,949 $ 6,209 $ 4,612 $

2,721 $ 3,819 Less Net gains (losses) on sale of securities - 14 - (883)

(955) Less: Tax effect on sale of securities Operating net income

c E 940 c (4) C 100 c 4619 224 c 3 380 c 242 A 532 - — —— ——

— —— Operating PTPP income: (1) PTPP income $ 10,093 $ 8,962

$ 6,448 $ 4,983 $ 5,722 Less Net gains (losses) on sale of

securities - 14 - (883) (955) Operating PTPP income S 10,093

S 8,948 S 6,448 $ 5,866 $ 6,677 Operating PTPP return on average

assets: (1) Operating PTPP income $ 10,093 $ 8,948 $ 6,448 $ 5,866

$ 6,677 Average assets $ 2,485,434 $ 2,479,222 $ 2,436,103

$ 2,268,811 $ 2,250,258 Operating PTPP return on average

assets (2) 1.62% 1.45% 1.06% 1.03% 1.18% Operating return on average

assets: (1) Operating net income Average assets $ 6,949

$ 2 485 434 $ 6,199 $ 2 479 222 $ 4,612 $ 2 436 103 $ 3,380 $ 2 268

811 $ 4,532 $ 2 250 258 , — — — — — -e Operating return on average

assets (2) 1.11% 1.01% 0.76% 0.59% 0.80% Operating return on average

equity: (1) Operating net income $ 6,949 $ 6,199 $ 4,612 $ 3,380 $

4,532 Average equity $ 206,641 $ 197,755 $ 193,092 $ 183,629

$ 184,901 Operating return on average equity (2)

13.38% 12.61% 9.61% 7.30% 9.72% Operating Revenue: (1) Net

interest income $ 18,109 $ 17,311 $ 15,158 $ 14,376 $ 14,022 Non-interest

income 3,438 3,211 2,464 1,326 2,161 Less: Net gains (losses) on

sale of securities - 14 - (883) (955) Operating revenue S 21,547

S 20,508 S 17,622 S 16,585 $ 17,138 Operating Efficiency Ratio: (1)

Total non-interest expense $ 11,454 $ 11,560 $ 11,174

$ 10,719 $ 10,461 Operating revenue $ 21 ,547 $ 20,508 $

17,622 $ 16,585 $ 17,138 Operating efficiency ratio 53.16% 56.37%

63.41% 64.63% 61.04% 1. The Company believes these non-GAAP

measurements are key indicators of the ongoing earnings pow er

of the Company. 2. Annualized. 33

APPENDIX - NON-GAAP RECONCILIATION In thousands

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

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

book value per comm on share (at period-end): Total stockholders'

equity (1) $ 213,916 $ 201,020 $ 195,011 $ 191,968 $ 182,884

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

$ 213,916 $ 201,020 $ 195,011 $ 191,968 $ 182,884 Total shares

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

issued and outstanding 19,620,632 19,630,632 19,650,463 19,575,435

19,542,290 Tangible book value per common share (2)

$ 10.90 $ 10.24 $ 9.92 $ 9.81 $ 9.36 Operating diluted net income per common

share: (1) Operating net income $ 6,949 $ 6,199 $ 4,612 $ 3,380

$ 4,532 Total w eighted average diluted shares of common

stock 19,825,211 19,717,167 19,698,258 19,573,350 19,611,897

Operating diluted net income per common share: $ 0.35 $ 0.31 $

0.23 $ 0.17 $ 0.23 Tangible Common Equity/Tangible Assets

(1) Tangible stockholders' equity $ 213,916 $ 201,020 $ 195,011

$ 191,968 $ 182,884 Tangible total assets (3) $ 2,503,954

$ 2,458,270 $ 2,489,142 $ 2,339,093 $ 2,244,602 Tangible

Common Equity/Tangible Assets 8.54% 8.18% 7.83% 8.21% 8.15%

1. The Company believes these non-GAAP measurements are

key indicators of the ongoing earnings pow er of the Company.

2. Excludes the dilutive effect, if any, of shares of common stock

issuable upon exercise of outstanding stock options. 3.

Since the Company has no intangible assets, tangible total assets

is the same amount as total assets calculated under GAAP.

34

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 35