USCB Financial (US:USCB) Globenewswire·2026-01-22 21:33Core Viewpoint - USCB Financial Holdings, Inc. reported a significant decline in net income for Q4 2025, with net income of $1.4 million or $0.07 per diluted share, down from $6.9 million or $0.34 per diluted share in Q4 2024, primarily due to strategic portfolio restructuring and tax liabilities [1][2][3] Profitability - Fully diluted EPS for Q4 2025 was $0.07, reflecting an after-tax impact of ($0.31) per diluted share from a portfolio restructuring strategy and an additional ($0.06) per diluted share related to tax liabilities from prior periods [2] - Operating diluted EPS for Q4 2025, excluding these impacts, was $0.44, consistent with the prior quarter [2] - Return on average assets (ROAA) for Q4 2025 was 0.19%, down from 1.08% in Q4 2024, while operating ROAA was 1.14%, slightly up from 1.08% [6] - Return on average equity (ROAE) for Q4 2025 was 2.55%, down from 12.73% in Q4 2024, while operating ROAE was 15.05%, up from 12.73% [6] Balance Sheet - Total assets increased to $2.8 billion at December 31, 2025, an increase of $210.3 million or 8.1% from $2.6 billion at December 31, 2024 [5] - Total loans held for investment rose to $2.2 billion, an increase of $216.4 million or 11.0% from $2.0 billion at December 31, 2024 [10] - Total deposits reached $2.3 billion, up by $171.1 million or 7.9% from $2.2 billion at December 31, 2024 [10] - Total stockholders' equity was $217.2 million, an increase of $1.8 million or 0.8% from $215.4 million at December 31, 2024 [10] Asset Quality - The allowance for credit losses increased by $1.4 million to $25.5 million at December 31, 2025, representing 1.16% of total loans, down from 1.22% at December 31, 2024 [10] - The provision for credit loss was $480 thousand for Q4 2025, a decrease of $550 thousand compared to $1.0 million for Q4 2024 [10] - The ratio of non-performing loans to total loans was 0.14% for both quarters ended December 31, 2025, and December 31, 2024 [10] Non-interest Income and Non-interest Expense - Non-interest income was negative $4.2 million for Q4 2025, compared to positive income of $3.6 million for Q4 2024, primarily due to a $7.5 million pre-tax loss on the sale of securities [10] - Non-interest expense for Q4 2025 was $14.3 million, compared to $12.9 million for Q4 2024 [10] Capital - The total risk-based capital ratios for the Company and the Bank were 13.91% and 13.67%, respectively, well above regulatory requirements [10] - Tangible book value per common share was $11.97 at December 31, 2025, an increase of $1.16 or 10.8% from $10.81 at December 31, 2024 [10]