USCB Financial (US:USCB)2023-02-01 18:46Financial Performance - Net income was $44 million, or $022 per diluted share[10] - Non-GAAP Operating net income was $59 million, or $029 per diluted share[10] - Net Interest Income (NII) was $169 million, compared to $141 million in Q4 2021[5] - Return on Average Assets (ROAA) was 086%, and Return on Average Equity (ROAE) was 991%[5] - Non-GAAP Operating ROAA was 114% and Non-GAAP Operating ROAE was 1323%[5] - Efficiency ratio was 5981%, while the Non-GAAP Operating efficiency ratio was 5346%[5] Growth and Loan Portfolio - Average loans, excluding PPP loans, increased by $3478 million, or 314%, compared to Q4 2021[12] - Average deposits increased by $2419 million, or 155%, compared to Q4 2021[6] - Total loans at quarter end were $15073 million[46] Asset Quality and Capital - ACL coverage ratio was 116%[9] - Tangible Book Value per Share was $912, up $025 from the prior quarter[27] - No shares were repurchased during the quarter, but a repurchase program is in place for 750000 shares of common stock[9, 111]