USCB Financial Holdings, Inc. - USCB STOCK NEWS

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.

U.S. Century Bank (NASDAQ: USCB) will report its quarterly financial results for Q3 2021 on October 28, 2021, after market close. A conference call with CEO Luis de la Aguilera and CFO Robert Anderson is scheduled for October 29, 2021, at 9:00 a.m. ET. Interested parties can join via dial-in or listen to a live audio webcast available on the company's investor relations page. The bank, established in 2002 and headquartered in Miami, is recognized for its financial products and services and holds a 5-star rating from BauerFinancial.

U.S. Century Bank (NASDAQ: USCB) reported a strong financial performance for Q2 2021, with net income rising to $4.1 million or $0.64 per diluted share, up from $1.4 million in Q2 2020. The company completed its IPO, raising $42 million. Net interest income also increased by 14.75% year-over-year to $12.5 million, although net interest margin declined to 3.14%. Total assets reached $1.7 billion, with average deposits up by 6.59%. Non-performing loans fell to less than 0.01%, indicating improved asset quality.

U.S. Century Bank (USCB) has priced its initial public offering (IPO) of 4,000,000 shares of Class A common stock at $10.00 per share, aiming for net proceeds of approximately $34.0 million. Trading begins on July 23, 2021, on Nasdaq under the symbol 'USCB,' with the offering closing around July 27, 2021. The bank has also granted underwriters a 30-day option for an additional 600,000 shares. Proceeds will support growth and redemption of preferred stock. The recent exchange offer for $102.8 million in preferred stock closed on July 21, 2021.