MIAMI, July 22, 2024 (GLOBE NEWSWIRE) -- USCB Financial Holdings, Inc. (the "Company") (NASDAQ: USCB), the holding company for U.S. Century Bank (the "Bank"), announced today that its Board of Directors declared a regular quarterly cash dividend of $0.05 per share of Class A common stock, payable on September 5, 2024, to shareholders of record as of the close of business on August 15, 2024. Future dividend payments are subject to quarterly review and approval by the Board of Directors. About USCB Financial ...

Company Performance - USCB Financial Holdings, Inc. (USCB) shares increased by 7.3% to close at $14.79, with a notable trading volume compared to normal sessions, and a total gain of 14% over the past four weeks [1][4] - The company is expected to report quarterly earnings of $0.24 per share, reflecting a year-over-year increase of 14.3%, with revenues projected at $18.56 million, up 15.9% from the same quarter last year [2] - The consensus EPS estimate for USCB Financial has remained unchanged over the last 30 days, indicating stability in earnings expectations [7] Market Context - USCB Financial's stock performance is influenced by favorable inflation numbers and cooling employment data, which have raised expectations for potential interest rate cuts by the Federal Reserve [4] - As interest rates are anticipated to decrease, banks' funding costs are expected to stabilize or decline, leading to improved loan demand and a bullish sentiment among investors in the banking sector [4] Industry Comparison - USCB Financial is part of the Zacks Banks - Southeast industry, where Customers Bancorp (CUBI) also performed well, finishing the last trading session up 8% at $63.33, with a 28.3% return over the past month [6]

Core Viewpoint - USCB Financial Holdings, Inc. is set to report its financial results for the quarter ended June 30, 2024, after market close on July 25, 2024 [1] Group 1: Financial Results Announcement - The financial results will be reported after market close on July 25, 2024 [1] - A conference call to discuss the quarterly results will take place on July 26, 2024, at 11:00 am Eastern Time [2] - The call will feature key executives including the Chairman, President, and CEO, as well as the Chief Financial Officer and Chief Credit Officer [2] Group 2: Conference Call Details - The conference call will be accessible via a live audio webcast on the company's investor relations page [3] - A replay of the webcast will be available shortly after the conference call concludes [3] Group 3: Company Overview - USCB Financial Holdings, Inc. is the bank holding company for U.S. Century Bank, established in 2002 [4] - U.S. Century Bank is one of the largest community banks in Miami and Florida, rated 5-Stars by BauerFinancial [4] - The bank offers a wide range of financial products and services and supports various community organizations [4]

Ms. Alonso is also a board member of several leading financial and civic organizations. She currently serves as an Independent Board Member of U.S. Century Bank (NASDAQ:USCB), one of Florida's largest community banks. She serves on the Board of Directors of Money Management International and Grameen America, national nonprofit organizations whose work is focused on consumer financial empowerment and mobility. CORAL GABLES, Fla., June 03, 2024 (GLOBE NEWSWIRE) -- Axxes Capital, a private markets asset manage ...

CORAL GABLES, Fla., June 03, 2024 (GLOBE NEWSWIRE) -- Axxes Capital, a private markets asset management firm dedicated to providing wealth advisors and their clients exclusive access to private equity and private credit investment solutions, today announced it has appointed Maria C. Alonso to its Board of Directors. A senior executive and community leader with a rich history of civic involvement in South Florida, Ms. Alonso currently serves as the CEO and Regional Dean of Northeastern University's Miami Cam ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____to_____ Commission File Number: 001-41196 USCB Financial Holdings, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incor ...

Financial Data and Key Metrics Changes - Net income for Q1 2024 was $4.6 million, or $0.23 per diluted share, an increase of $1.9 million compared to Q4 2023 [5] - Average deposits increased by $204.3 million, or 11.1%, compared to Q1 2023 [5] - Average loans increased by $234.1 million, or 15.1%, compared to Q1 2023 [5] - Net interest income increased by $782,000, or 21.8% annualized compared to Q4 2023 [8] - Noninterest income was up 19% over the prior year [8] - NIM was 2.62%, down 3 basis points from the prior quarter [8] Business Line Data and Key Metrics Changes - The company launched a new business line, MD Advantage, focusing on servicing medical professionals, contributing to deposit growth [21] - Non-CRE loans now account for 29% of the total loan portfolio, up from 9% in June 2020 [21] - Noninterest income represented 14% of total income in Q1 2024, up from 11.5% in Q1 2023 [21] Market Data and Key Metrics Changes - Florida's economy is projected to grow by 3% in 2024, more than double the national growth rate of 1.4% [21] - Florida's unemployment rate has been lower than the national rate for 39 consecutive months [21] Company Strategy and Development Direction - The company focuses on organic growth supported by diversified commercial banking initiatives [4] - A new share repurchase program was approved for up to 500,000 shares, providing flexibility during market volatility [6] - The company aims to maintain a well-capitalized position while returning capital to investors through dividends and share repurchases [6][18] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about continued loan growth in the low double digits and expects net interest income and margin to improve [8][12] - The company is navigating challenges such as an inverted yield curve and geopolitical conflicts but remains focused on disciplined lending practices [12][32] - Management highlighted the importance of maintaining strong relationships with clients to mitigate the impact of high interest rates [23] Other Important Information - The company paid its first cash dividend of $1 million to shareholders [5] - The allowance for credit losses increased to $21.5 million, with net losses near zero for the quarter [14] Q&A Session Summary Question: How does the company plan to balance NII margin growth with cost control? - Management indicated that expenses may increase slightly but emphasized the importance of hiring strong salespeople to support growth [1] Question: What are the expectations for deposit growth moving forward? - Management noted that new teams focused on deposits are expected to bring in established relationships, which should help maintain deposit growth [22][23] Question: How will margins trend with and without rate cuts? - Management anticipates that deposit costs will plateau while loan yields continue to rise, potentially improving margins by 5 to 10 basis points in Q2 [24][26][28] Question: Is the competitive landscape for deposits changing? - Management stated that competition remains intense in South Florida for both loans and deposits [32]

EARNINGS RELEASE Exhibit 99.1 USCB Financial Holdings, Inc. Reports Diluted EPS of $0.23 for Q1 2024 andannounces adoption of new 500,000 share repurchase program MIAMI, FL – April 25, 2024 – USCB Financial Holdings, Inc. (the "Company") (NASDAQ: USCB), the holding company for U.S. Century Bank (the "Bank"), reported net income of $4.6 million or$0.23 per diluted share for the threemonths ended March 31, 2024, compared withnet income of $5.8 million or $0.29per diluted share for the same period in 2023. "We ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____to_____ Commission File Number: 001-41196 USCB Financial Holdings, Inc. (Exact name of registrant as specified in its charter) Florida 87-4070846 (State or other jurisdi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____to_____ Commission File Number: 001-41196 USCB Financial Holdings, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of i ...