secwatch.observer — SEC 8-K summary
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Issuer:     USCB FINANCIAL HOLDINGS, INC. (USCB)
CIK:        0001901637
Form:       8-K
Filed at:   2024-01-25T23:59:59+00:00
Accession:  0001562762-24-000013
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

USCB Financial Q4 2023 EPS $0.14, net income $2.7M, NIM 2.65%, loan growth 18.1%
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- Net income $2.7M ($0.14 diluted EPS) vs $4.4M ($0.22) in Q4 2022; ROAA 0.48%.
- Net interest margin 2.65%, down 80 bps YoY; net interest income $14.4M (-14.8%).
- Total loans $1.8B, up 18.1% YoY; Q4 loan production $186M with 8% avg coupon.
- ACL $21.1M (1.18% of loans); non-performing loans 0.03% of total loans.
- Repurchased 92,317 shares at $10.45 avg price in Q4; tangible book value $9.81/share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1901637/000156276224000013/0001562762-24-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1901637/000156276224000013/uscb-20240125.htm
  HTML page:      https://secwatch.observer/filing/0001562762-24-000013

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