USCB Q2 EPS $0.21 vs $0.26 YoY; NIM falls to 2.73%

USCB FINANCIAL HOLDINGS, INC.

Net income $4.2M ($0.21 diluted) vs $5.3M ($0.26) in Q2 2022; annualized ROAA 0.77% from 1.08%.
Net interest margin 2.73%, down from 3.37%; NII before provision fell 9.4% to $14.2M.
Loans grew 16.3% YoY to $1.6B; deposits up 10.5% to $1.9B; total assets $2.2B.
Company repurchased 77,603 shares at weighted avg $9.58; $746.9K spent.
Luis de la Aguilera appointed Chairman effective June 28, succeeding Aida Levitan.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

USCB FINANCIAL HOLDINGS, INC. reported second quarter ended June 30, 2023 results: net income $4.2 million, EPS $0.21 per diluted share.

Period: second quarter ended June 30, 2023
Net income: $4.2 million
EPS: $0.21 per diluted share
Result: reported results

Exact text from the filing

USCB Financial Holdings, Inc. (the “Company”) (NASDAQ: USCB) , the holding company for U.S. Century Bank (the “Bank”), reported net income of $4.2 million or $0.21 per diluted share for the three months ended June 30, 2023, compared with net income of $5.3 million or $0.26 per diluted share, for the same period in 2022.

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USCB FINANCIAL HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001562762-23-000297

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