USCB Financial Holdings (USCB) investor relations material

Executive summary

• Q3 net income was a post-IPO record $9.528 million, or $0.51 per diluted share; 9M net income was $27.957 million.

• Total assets were $3.01 billion; average loans grew 10.0% YoY and average deposits grew 2.2% YoY.

• Results reflected higher net interest income and loan growth, alongside higher expenses and increased nonperforming loans.

Financial highlights

• Net interest income was $24.3 million, up 14.2% YoY; total revenue was $27.0 million versus $25.0 million in Q3 2025.

• Non-interest income was $2.7 million, down 27.5% YoY and from $3.6 million QoQ; a $165,000 loan-sale gain partly offset lower swap and service fees.

• Non-interest expense was $14.7 million, up $765,000 QoQ, primarily from salaries, benefits and network and IT costs.

• Q3 loan production was $156.0 million, with a 6.02% weighted-average coupon, up 12 bps QoQ.

• Period-end loans held for investment were $2.322 billion; commercial real estate loans were $1.349 billion and residential real estate loans were $347.6 million.

Outlook and guidance

• Q4 NIM guidance is ~3.40%, broadly consistent with September's 3.41% exit rate; management expects to hold or improve margin.

• Loan growth guidance remains high single digits to low double digits, with near-term growth potentially at the lower end and Q4 production expected stronger than Q3.

• Q4 expenses are modeled at $15 million or slightly higher; 2027 expense growth is expected in the mid-to-high single digits, with longer-term efficiency ratio guidance in the low 50s.

• Non-interest income is expected to recover toward $3.5 million per quarter over time; Q4 fee income is expected to be somewhat stronger, depending on SBA and swap activity.