USCB Financial Holdings (USCB) investor relations material

Executive summary

• Achieved record Q1 2026 results with net income of $9.4 million ($0.51 diluted EPS; $0.47 adjusted EPS), up 22% year-over-year, and strong core earnings driven by disciplined balance sheet execution and robust credit quality.

• Return on average assets (ROAA) was 1.34% (operating ROAA 1.25%), and return on average equity (ROAE) was 17.07% (operating ROAE 15.92%).

• Tangible book value per share rose 8.9% year-over-year to $12.23.

• Board declared a quarterly cash dividend of $0.125 per share, payable June 5, 2026.

• Growth was driven by diversified loan production, deposit expansion, and investment in specialized business verticals.

Financial highlights

• Total assets reached $2.85 billion, up 6.3% year-over-year; loans increased 10.1% to $2.2 billion; deposits grew 8% to $2.5 billion.

• Net interest income rose 15.3% to $22.0 million, with net interest margin expanding to 3.27% from 3.10% year-over-year.

• Non-interest income was $4.2 million (15.8% of revenue), with record swap fees of $1.6 million.

• Non-interest expense was $13.7 million, down $564,000 sequentially due to absence of prior quarter's one-time costs.

• Efficiency ratio improved to 52.34% from 52.79% year-over-year.

Outlook and guidance

• Management expects continued double-digit loan and deposit growth, incremental improvement in interest income, and modest margin expansion as new loans season.

• Deposit costs anticipated to remain stable barring rate cuts; expenses projected to rise moderately with expansion, but efficiency ratio to stay in low 50% range.

• Dividend expected to remain at $0.125 per share for the year.