USCB Financial Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 26, 2023 at 04:02 pm
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USCB Financial Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 14.02 million compared to USD 16.77 million a year ago. Net income was USD 3.82 million compared to USD 5.56 million a year ago. Basic earnings per share from continuing operations was USD 0.2 compared to USD 0.28 a year ago. Diluted earnings per share from continuing operations was USD 0.19 compared to USD 0.28 a year ago.
For the nine months, net interest income was USD 44.19 million compared to USD 46.8 million a year ago. Net income was USD 13.82 million compared to USD 15.71 million a year ago. Basic earnings per share from continuing operations was USD 0.7 compared to USD 0.79 a year ago. Diluted earnings per share from continuing operations was USD 0.7 compared to USD 0.78 a year ago.
USCB Financial Holdings, Inc. is a bank holding company for U.S. Century Bank (the Bank). The Bank is a Florida state-chartered, non-Federal Reserve System member bank. It is focused on serving small-to-medium sized businesses (SMBs) and catering to the needs of local business owners, entrepreneurs, and professionals in South Florida. It provides a wide range of personal and business banking products and services. Its specialty banking offerings include small business administration (SBA) lending, yacht lending, homeowner association (HOA) services and global banking services. Its specialty banking offerings include Small Business Administration (SBA) lending, where the Company's SBA platform originates loans under Sections 7(a) and 504 of the SBA programs; yacht lending vertical provides yacht financing for larger vessels; Homeowner Association (HOA) services; Jurist Advantage and Private Client Group services, and Global Banking services.