Core Insights - USCB Financial Holdings, Inc. reported quarterly earnings of $0.34 per share, missing the Zacks Consensus Estimate of $0.37 per share, but showing an increase from $0.17 per share a year ago, resulting in an earnings surprise of -8.11% [1] - The company posted revenues of $22.99 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 3.77%, compared to year-ago revenues of $15.7 million [2] - USCB Financial shares have increased by approximately 2.9% since the beginning of the year, while the S&P 500 has gained 3.5% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.37 on revenues of $22.41 million, and for the current fiscal year, it is $1.53 on revenues of $93.99 million [7] - The estimate revisions trend for USCB Financial is mixed, leading to a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Banks - Southeast industry, to which USCB Financial belongs, is currently in the top 20% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Another company in the same industry, Renasant (RNST), is expected to report quarterly earnings of $0.61 per share, reflecting a year-over-year change of -19.7%, with revenues projected at $165.37 million, up 13% from the previous year [9][10]

MIAMI, Jan. 23, 2025 (GLOBE NEWSWIRE) -- USCB Financial Holdings, Inc. (the “Company”) (NASDAQ: USCB), the holding company for U.S. Century Bank (the “Bank”), reported net income of $6.9 million or $0.34 per fully diluted share for the three months ended December 31, 2024, compared with net income of $2.7 million or $0.14 per fully diluted share for the same period in 2023. “The results in Q4 2024, highlight a record year for USCB. The team outperformed our internal budget and delivered impressive results f ...

Financial Performance - USCB Financial Holdings reported a fully diluted EPS of $0.34 for Q4 2024, up from $0.14 in Q4 2023, representing a 142.9% increase[1][2] - Net income for Q4 2024 was $6.9 million, compared to $2.7 million in Q4 2023, marking a significant year-over-year growth[1][2] - Non-interest income surged to $3.6 million, a 173.5% increase from $1.3 million in Q4 2023[12] - Net income for Q4 2024 was $6,904 thousand, compared to $2,721 thousand in Q4 2023, representing a 153.5% growth[21] - Basic net income per common share for Q4 2024 was $0.35, up from $0.14 in Q4 2023, reflecting a 150% increase[21] - Net income for the three months ended December 31, 2024, was $6,904 million, compared to $2,721 million for the same period last year, representing a year-over-year increase of 154%[35] - Operating revenue for the quarter was $22,985 million, an increase from $16,585 million in the same quarter last year, reflecting a growth of 38.5%[35] Asset and Loan Growth - Total assets reached $2.6 billion at December 31, 2024, an increase of $242.1 million or 10.4% from $2.3 billion a year earlier[6] - Total loans held for investment grew to $2.0 billion, reflecting a $192.0 million or 10.8% increase from $1.8 billion at the end of 2023[6] - Total assets as of December 31, 2024, were $2,581,216 thousand, an increase from $2,339,093 thousand as of December 31, 2023, representing a growth of 10.4%[24] - Loans held for investment increased to $1,972,848 thousand as of December 31, 2024, up from $1,780,827 thousand a year earlier, indicating a growth of 10.8%[24] - Total deposits increased to $2.2 billion, up $236.9 million or 12.2% from $1.9 billion at December 31, 2023[6] - Total deposits rose to $2,174,004 thousand as of December 31, 2024, compared to $1,937,139 thousand as of December 31, 2023, marking a 12.2% increase[24] Efficiency and Cost Management - The efficiency ratio improved to 55.92% in Q4 2024, down from 68.27% in Q4 2023, indicating better cost management[6] - The operating efficiency ratio improved to 55.92% for the quarter ended December 31, 2024, compared to 64.63% in the same quarter last year[35] Dividends and Shareholder Returns - The board approved a quarterly cash dividend of $0.10 per share, doubling the previous dividend, to be paid on March 5, 2025[12] - Cash dividends declared for 2024 were $0.20 per share, compared to no dividends declared in 2023[21] Credit Quality and Allowance for Losses - The allowance for credit losses increased to $24.1 million, representing 1.22% of total loans, compared to 1.18% a year prior[12] - Provision for credit losses increased to $1,030 million for the quarter ended December 31, 2024, up from $410 million in the same quarter last year[35] - The allowance for credit losses to total loans was 1.22%, up from 1.18% a year ago, indicating a conservative approach to credit risk[28] - Non-performing loans totaled $2,707 thousand, with a non-performing loans to total loans ratio of 0.14%[28] Capital and Equity - Total stockholders' equity reached $215,388 million at the end of December 2024, compared to $191,968 million a year earlier, representing a growth of 12.1%[38] - The leverage ratio improved to 9.53% as of December 31, 2024, up from 9.28% a year prior, indicating enhanced capital strength[24] - Tangible book value per common share was $10.81 at the end of December 2024, up from $9.81 a year earlier, indicating a growth of 10.2%[38] - Tangible Common Equity/Tangible Assets ratio was 8.34% at the end of December 2024, down from 8.21% a year ago[38] Interest Income and Margin - Total interest income for Q4 2024 was $34,167 thousand, up 22.3% from $27,976 thousand in Q4 2023[21] - Net interest income after provision for credit losses increased to $18,328 thousand in Q4 2024, a 42.5% rise from $12,901 thousand in Q4 2023[21] - Net interest margin improved to 3.16% for the three months ended December 31, 2024, compared to 2.65% for the same period in 2023[31] Employment - The company employed 199 full-time equivalent employees, a slight increase from 196 employees a year ago[28]

MIAMI, Jan. 21, 2025 (GLOBE NEWSWIRE) -- USCB Financial Holdings, Inc. (the “Company”) (NASDAQ: USCB), the holding company for U.S. Century Bank, announced today that its Board of Directors declared a regular quarterly cash dividend of $0.10 per share of Class A common stock, which represents an increase of $0.05, or 100.0%, per share compared with the previous quarterly dividend of $0.05 per share. The common stock dividend is payable on March 5, 2025, to shareholders of record as of the close of business ...

MIAMI, Jan. 03, 2025 (GLOBE NEWSWIRE) -- USCB FINANCIAL HOLDINGS, INC. (the "Company") (NASDAQ:USCB) will report financial results for the quarter ended December 31, 2024 after the market closes on Thursday, January 23, 2025. A conference call to discuss quarterly results will also be held with Chairman, President, and CEO, Luis de la Aguilera, Chief Financial Officer, Robert Anderson, and Chief Credit Officer, William Turner, details which are provided below. Live Conference Call and Audio Webcast Date: Fr ...

Core Insights - USCB Financial Holdings, Inc. reported quarterly earnings of $0.35 per share, exceeding the Zacks Consensus Estimate of $0.32 per share, and showing an increase from $0.19 per share a year ago, resulting in an earnings surprise of 9.38% [1] - The company posted revenues of $21.55 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 3.02%, compared to $16.18 million in the same quarter last year [2] - USCB Financial shares have increased approximately 19.2% year-to-date, while the S&P 500 has gained 21.9% [3] Earnings Outlook - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the next quarter is $0.32 on revenues of $21.24 million, and for the current fiscal year, it is $1.19 on revenues of $80.31 million [7] Estimate Revisions - The trend for estimate revisions prior to the earnings release was unfavorable, leading to a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5] Industry Context - The Zacks Industry Rank for Banks - Southeast is currently in the top 36% of over 250 Zacks industries, suggesting that the industry outlook can significantly impact stock performance [8]

MIAMI, Oct. 31, 2024 (GLOBE NEWSWIRE) -- USCB Financial Holdings, Inc. (the “Company”) (NASDAQ: USCB), the holding company for U.S. Century Bank (the “Bank”), reported net income of $6.9 million or $0.35 per fully diluted share for the three months ended September 30, 2024, compared with net income of $3.8 million or $0.19 per fully diluted share for the same period in 2023. “We are proud to report our second consecutive quarter of record fully diluted earnings per share, demonstrating the strength of our s ...

MIAMI, Oct. 07, 2024 (GLOBE NEWSWIRE) -- USCB FINANCIAL HOLDINGS, INC. (the "Company") (NASDAQ: USCB) will report financial results for the quarter ended September 30, 2024 after the market closes on Thursday, October 31, 2024. A conference call to discuss quarterly results will also be held with Chairman, President, and CEO, Luis de la Aguilera, Chief Financial Officer, Robert Anderson, and Chief Credit Officer, William Turner, details which are provided below. Live Conference Call and Audio Webcast Date: ...

Group 1 - A downtrend has been observed in USCB Financial Holdings, Inc. (USCB), with the stock losing 10.9% over the past week, but a hammer chart pattern formed in the last trading session suggests a potential trend reversal [1] - The hammer pattern indicates a possible bottoming out and exhaustion of selling pressure, while rising optimism among Wall Street analysts regarding future earnings supports the likelihood of a trend reversal [1] Group 2 - The earnings estimate revisions for USCB have shown an upward trend, which is a bullish indicator, as positive revisions typically lead to price appreciation [3] - The consensus EPS estimate for the current year has increased by 12.3% over the last 30 days, indicating strong agreement among analysts about the company's potential for better earnings [3] - USCB holds a Zacks Rank of 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks, suggesting it is likely to outperform the market [3]

Core Insights - Analysts are increasingly optimistic about USCB Financial's earnings prospects, leading to higher estimates that are expected to positively impact the stock price [1][4] - The Zacks Rank system, which is based on earnings estimate revisions, indicates a strong buy rating for USCB Financial, suggesting it could be a good investment opportunity [3][5] Current-Quarter Estimate Revisions - The consensus estimate for the current quarter is $0.27 per share, reflecting a year-over-year increase of +42.11% [11] - There has been a notable upward revision in earnings estimates, with one estimate increasing and no negative revisions, contributing to a 7.89% rise in the Zacks Consensus Estimate over the last 30 days [9][10] Current-Year Estimate Revisions - For the full year, USCB Financial is projected to earn $1.06 per share, which represents a year-over-year growth of +17.78% [6] - The consensus estimate for the current year has also improved, with a 6% increase due to one upward revision and no negative changes [12] Stock Performance - USCB Financial's stock has gained 29.2% over the past four weeks, driven by positive earnings growth prospects [4] - Stocks rated Zacks Rank 1 (Strong Buy) have historically outperformed the S&P 500, with an average annual return of +25% since 2008 [5][7] Conclusion - Given the positive revisions in earnings estimates and strong stock performance, USCB Financial is positioned as a solid addition to investment portfolios [8]