USCB Financial Q1 EPS $0.23, down from $0.29; deposits grow $165.7M; new buyback of 500k shares

USCB FINANCIAL HOLDINGS, INC.

Net income $4.6M, diluted EPS $0.23 vs $5.8M, $0.29 in Q1 2023; NIM narrowed to 2.62% from 3.22%.
Total deposits $2.1B, up $165.7M from Dec 31, 2023; loans grew 15.2% YoY to $1.8B.
Board approved new share repurchase program of up to 500k shares (~2.5% of outstanding).
Quarterly cash dividend of $0.05 per share declared, payable June 5, 2024.
Non-performing loans remained minimal at 0.03%; ACL ratio 1.18%.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

USCB FINANCIAL HOLDINGS, INC. reported the three months ended March 31, 2024 results: net income $4.6 million, EPS $0.23 per diluted share.

Period: the three months ended March 31, 2024
Net income: $4.6 million
EPS: $0.23 per diluted share
Result: reported results

Exact text from the filing

reported net income of $4.6 million or $0.23 per diluted share for the three months ended March 31, 2024

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USCB FINANCIAL HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001562762-24-000098

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