secwatch.observer — SEC 8-K summary
======================================

Issuer:     USCB FINANCIAL HOLDINGS, INC. (USCB)
CIK:        0001901637
Form:       8-K
Filed at:   2023-01-26T23:59:59+00:00
Accession:  0001562762-23-000024
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

USCB Financial Q4 GAAP EPS $0.22, operating $0.29; securities sale loss $1.5M
-----------------------------------------------------------------------------

- Net income $4.4M ($0.22 diluted EPS) vs $5.7M ($0.30) in Q4 2021; Non-GAAP operating net income $5.9M ($0.29) vs $5.6M ($0.30).
- Sold $17.0M lower-yielding securities after-tax loss of $1.5M ($0.07 EPS); reinvestment expected to add $0.03 EPS in 2023.
- Net interest margin expanded to 3.45% from 3.19%; net interest income up 19.8% to $16.9M.
- Total loans grew 26.7% YoY to $1.5B; total deposits up 15.0% to $1.8B; total assets $2.1B.
- Stockholders' equity down 10.5% to $182.4M due to $44.8M unrealized securities losses; tangible book value $9.12/share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1901637/000156276223000024/0001562762-23-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1901637/000156276223000024/uscb-8K-20220127.htm
  HTML page:      https://secwatch.observer/filing/0001562762-23-000024

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer