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USCB Financial Holdings, Inc. Reports Record Fully Diluted EPS of $0.38 for Q1 2025, a 65% increase over same period last year; ROAA of 1.19% and ROAE of 14.15%
USCB Financial USCB Financial (US:USCB) Newsfilter·2025-04-24 20:30

Core Viewpoint - USCB Financial Holdings, Inc. reported a record net income of $7.7 million or $0.38 per fully diluted share for Q1 2025, reflecting strong performance across strategic priorities and significant growth in loans and deposits compared to the same period in 2024 [1][2]. Profitability - Net income for Q1 2025 was $7.7 million, up from $4.6 million in Q1 2024, representing a 67.4% increase [1][20]. - The annualized return on average assets was 1.19% for Q1 2025, compared to 0.76% for Q1 2024 [7][25]. - The annualized return on average stockholders' equity was 14.15% for Q1 2025, up from 9.61% in Q1 2024 [7][25]. - The efficiency ratio improved to 52.79% in Q1 2025 from 63.41% in Q1 2024 [7][25]. Balance Sheet - Total assets increased to $2.7 billion as of March 31, 2025, a rise of $188.2 million or 7.6% from $2.5 billion a year earlier [7][22]. - Total loans held for investment reached $2.0 billion, up $215.0 million or 11.8% from $1.8 billion in Q1 2024 [7][22]. - Total deposits grew to $2.3 billion, an increase of $206.8 million or 9.8% from $2.1 billion in Q1 2024 [7][22]. - Total stockholders' equity was $225.1 million, reflecting a $30.1 million or 15.4% increase from $195.0 million in Q1 2024 [7][22]. Asset Quality - The allowance for credit losses increased by $3.3 million to $24.7 million, representing 1.22% of total loans as of March 31, 2025, compared to 1.18% a year earlier [7][22]. - The ratio of non-performing loans to total loans was 0.20% at March 31, 2025, up from 0.03% at March 31, 2024, with non-performing loans totaling $4.2 million compared to $456 thousand a year earlier [7][22]. Non-interest Income and Non-interest Expense - Non-interest income for Q1 2025 was $3.7 million, an increase of $1.3 million or 50.8% from $2.5 million in Q1 2024 [6][20]. - Non-interest expense rose to $12.1 million, an increase of $0.9 million or 7.9% compared to $11.2 million in Q1 2024 [8][20].