secwatch.observer — SEC 8-K summary
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Issuer:     USCB FINANCIAL HOLDINGS, INC. (USCB)
CIK:        0001901637
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001562762-24-000098
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1901637/000156276224000098/0001562762-24-000098-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1901637/000156276224000098/uscb-20240425.htm
  HTML page:      https://secwatch.observer/filing/0001562762-24-000098

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