USCB Financial (US:USCB)2026-01-22 21:06Financial Performance - USCB Financial Holdings reported a net income of $1.4 million or $0.07 per fully diluted share for Q4 2025, down from $6.9 million or $0.34 per fully diluted share in Q4 2024[2]. - Net income for Q4 2025 was $1,363,000, a decrease of 80.3% from $6,904,000 in Q4 2024[23]. - PTPP income for the same period was $3,754 million, compared to $11,910 million in the prior quarter, reflecting a decrease in profitability[34]. - Operating diluted EPS for Q4 2025 was $0.44, consistent with the prior quarter, while the return on average assets (ROAA) was 0.19% and return on average equity (ROAE) was 2.55%[3]. - Return on average assets decreased to 0.19% for the latest quarter, down from 1.27% in the previous quarter[28]. - Return on average equity fell to 2.55% from 15.74% in the previous quarter, reflecting a significant decline in profitability[28]. Asset and Loan Growth - Total assets increased by $210.3 million or 8.1% to $2.8 billion at December 31, 2025, compared to $2.6 billion at the same date in 2024[7]. - Total assets as of December 31, 2025, were $2,791,540,000, up from $2,581,216,000 as of December 31, 2024[25]. - Total assets increased to $2,799,863 million as of December 31, 2025, compared to $2,544,592 million a year earlier, reflecting a growth of 10%[28]. - Total loans held for investment rose by $216.4 million or 11.0% to $2.2 billion at December 31, 2025, from $2.0 billion a year earlier[7]. - Loans held for investment increased to $2,189,257,000 as of December 31, 2025, compared to $1,972,848,000 a year earlier[25]. - Loans held for investment rose to $2,130,898 million, up from $1,958,566 million year-over-year, representing an increase of 8.8%[28]. Income and Expenses - Net interest income before provision for credit losses was $22.2 million for Q4 2025, an increase of $2.8 million or 14.7% compared to $19.4 million in Q4 2024[7]. - Total interest income for Q4 2025 was $37,635,000, an increase of 13.5% from $34,167,000 in Q4 2024[23]. - Net interest income after provision for credit losses for the full year 2025 reached $81,333,000, up 21.7% from $66,779,000 in 2024[23]. - Total non-interest expense for the full year 2025 was $52,009,000, an increase of 10.6% from $47,042,000 in 2024[23]. - Total non-interest expense rose to $14,275 million, compared to $13,048 million in the previous quarter, indicating rising operational costs[34]. Dividends and Shareholder Returns - The Board of Directors declared a quarterly cash dividend of $0.125 per share, payable on March 5, 2026, to shareholders of record on February 17, 2026[13]. - Cash dividends declared per share increased to $0.10 in Q4 2025 from $0.05 in Q4 2024[23]. Efficiency and Ratios - The efficiency ratio for Q4 2025 was 79.18%, significantly higher than 55.92% for Q4 2024[7]. - The efficiency ratio worsened to 79.18% compared to 52.28% in the previous quarter, indicating increased operational costs relative to income[28]. - The operating efficiency ratio was 55.92%, an increase from 52.22% in the prior quarter, suggesting a decline in operational efficiency[34]. - The leverage ratio as of December 31, 2025, was 8.46%, slightly down from 9.53% a year prior[25]. - The allowance for credit losses to total loans ratio was 1.16%, slightly down from 1.17% in the previous quarter, indicating stable credit quality management[28]. - The tangible common equity to tangible assets ratio improved to 7.78%, up from 7.55% in the previous quarter, indicating stronger capital management[37]. Credit Quality - Non-performing loans increased to $3,138 million, up from $2,707 million a year earlier, indicating a rise in credit risk[28]. - Provision for credit losses was $480 million, a significant increase from $105 million in the previous quarter, reflecting a more cautious outlook on credit quality[34].