USCB Financial Holdings, Inc. - USCB STOCK NEWS

USCB Financial Holdings, Inc. (NASDAQ: USCB) announced its upcoming inclusion in the Russell 3000® Index, effective June 24, 2022, following the annual reconstitution. This milestone is anticipated to enhance investor awareness and visibility within the market. The Russell 3000® Index includes the largest 3,000 publicly traded U.S. companies, representing about 98% of the investable U.S. market. U.S. Century Bank, the company’s subsidiary, is a prominent community bank in Miami.

USCB Financial Holdings, Inc. reported a net income of $4.9 million ($0.24 per diluted share) for Q1 2022, a slight increase from $4.8 million in Q1 2021. The company experienced significant growth in assets, deposits, and loans, with total assets rising 20.4% to $2.0 billion. The board approved a share repurchase program for up to 750,000 shares. Notably, the annualized return on average assets fell to 1.03% from 1.23% year-over-year, and non-interest income decreased by 16.2% to $1.9 million, driven by fewer loan sales.

USCB Financial Holdings, Inc. (NASDAQ: USCB) has appointed Maria C. Alonso as an independent director for both the Company and its subsidiary, U.S. Century Bank. Ms. Alonso brings over 25 years of corporate experience, including her recent role as President and CEO of United Way Miami, overseeing a $40 million budget. Her strong community connections are expected to enhance the bank's growth objectives. This leadership change is anticipated to support USCB's mission to be the premier community bank in Florida.

USCB Financial Holdings, Inc. (NASDAQ: USCB) will announce its financial results for Q1 2022 on April 28, 2022, after the market closes. A conference call with President Luis de la Aguilera and CFO Robert Anderson is scheduled for April 29, 2022, at 9:00 a.m. ET. Investors can participate by dialing (844) 221-2148 or (929) 517-0937. The call will also be available via a live audio webcast on the company's investor relations page. USCB is recognized as one of the largest community banks in Miami and Florida, rated 5-Stars by BauerFinancial.

USCB Financial Holdings, Inc. (NASDAQ: USCB) appointed Robert E. Kafafian as an independent director for both the Company and its subsidiary, U.S. Century Bank. Kafafian, a banking industry leader with over 40 years of experience, is the founder of The Kafafian Group. He brings significant expertise in performance measurement and has consulted for over 500 financial institutions. His role includes serving on the Bank’s Asset and Liability Committee, with the goal of enhancing the company’s competitive position and profitability.

USCB Financial Holdings, Inc. (NASDAQ: USCB) has appointed Ramon A. Rodriguez, CPA, as an independent director for both the holding company and its subsidiary, U.S. Century Bank. Rodriguez brings decades of experience and previously served as CEO of Madsen Sapp Mena Rodriguez & Co., and Chairman and CEO of Cable Insurance. His election reflects the company’s strategy to enhance its board with diverse expertise. President and CEO Luis de la Aguilera expressed confidence in Rodriguez's ability to contribute to the bank's mission of community service and strong governance.

USCB Financial Holdings reported a net income of $5.7 million for Q4 2021, a rise from $4.2 million in Q4 2020. For the full year, net income reached $21.1 million, compared to $10.8 million in 2020. The company also approved a share repurchase program for up to 750,000 shares to enhance shareholder value. Total assets increased by 23.5% to $1.9 billion, and total deposits grew by 24.9% to $1.6 billion. The annualized return on average assets rose to 1.23%.

USCB Financial Holdings, Inc. (NASDAQ: USCB) will release its financial results for the quarter ended December 31, 2021, on January 27, 2022, post-market closure. A conference call is scheduled for January 28, 2022, at 9:00 a.m. ET, with President Luis de la Aguilera and CFO Robert Anderson discussing the results. Interested parties can join via a toll-free dial-in or listen online at the investor relations page. USCB operates primarily through its subsidiary, U.S. Century Bank, a leading community bank in Miami.

U.S. Century Bank reported strong financial performance for Q3 2021, with net income reaching $6.6 million, up from $3.4 million in Q3 2020. Despite a net loss per diluted share of $5.11 for common stock due to a one-time $89.6 million accounting charge, operating net income per diluted share was $0.37 for Class A stock. Total assets increased by 17.70% to $1.8 billion, and total loans rose by 12.89% to $1.2 billion. A significant recovery of $2.5 million contributed to non-interest income, which surged by 137.63%. The bank maintains a solid capital position, exceeding regulatory requirements.