secwatch.observer — SEC 8-K summary
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Issuer:     USCB FINANCIAL HOLDINGS, INC. (USCB)
CIK:        0001901637
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0001562762-23-000381
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

USCB Q3 net income $3.8M ($0.19 EPS), down 32% YoY; NIM contracts to 2.60%
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- Net income $3.8M ($0.19 diluted EPS) vs $5.6M ($0.28) in Q3 2022; NII $14.0M, down 16.4% YoY.
- Net interest margin 2.60% vs 3.47% YoY; September NIM improved to 2.70%.
- Total loans $1.7B (+17.1% YoY); new loan weighted avg coupon 8.00%.
- Efficiency ratio 64.64% vs 54.58% YoY; non-interest expense up 3.2%.
- Tangible book value $9.36 per share, impacted by $51.2M AOCI ($2.62 per share).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1901637/000156276223000381/0001562762-23-000381-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1901637/000156276223000381/uscb-20231026.htm
  HTML page:      https://secwatch.observer/filing/0001562762-23-000381

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