secwatch.observer — SEC 8-K summary
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Issuer:     USCB FINANCIAL HOLDINGS, INC. (USCB)
CIK:        0001901637
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0001562762-23-000176
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

USCB Financial Q1 net income $5.8M, EPS $0.29, vs $0.24 YoY; loans up 25.6%
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- Net income $5.8M ($0.29 diluted EPS) vs $4.9M ($0.24) in Q1 2022; ROAA 1.11% vs 1.03%.
- Net interest income $16.0M, up 11.3% YoY; net interest margin stable at 3.22%.
- Total loans $1.6B (+25.6% YoY), deposits $1.8B (+6.8%); NPLs just 0.03%.
- Adopted CECL effective Jan 1, 2023; one-time $1.0M after-tax retained earnings reduction.
- Repurchased 500k shares at $11.74 avg, $5.9M total; 250k shares remain authorized.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1901637/000156276223000176/0001562762-23-000176-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1901637/000156276223000176/uscb-20230427.htm
  HTML page:      https://secwatch.observer/filing/0001562762-23-000176

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