US Century Bank
NASDAQ:USCB
US Century Bank
USCB Financial Holdings, Inc. operates as a bank holding company. The company is headquartered in Doral, Florida. The company went IPO on 2021-07-23. The Bank offers customers a range of financial products and services. The Bank offers business, personal and specialties banking services. Its business banking service includes business checking, business savings, small business/sba loans, and commercial/real estate loans. Its personal banking services include personal checking, personal savings, residential loans, and international personal banking. Its specialties banking provides services to correspondent banking, association banking, aviation, healthcare, and nonprofit organizations. The Bank operates approximately 11 branch locations and its online banking platform.
USCB Financial Holdings, Inc. operates as a bank holding company. The company is headquartered in Doral, Florida. The company went IPO on 2021-07-23. The Bank offers customers a range of financial products and services. The Bank offers business, personal and specialties banking services. Its business banking service includes business checking, business savings, small business/sba loans, and commercial/real estate loans. Its personal banking services include personal checking, personal savings, residential loans, and international personal banking. Its specialties banking provides services to correspondent banking, association banking, aviation, healthcare, and nonprofit organizations. The Bank operates approximately 11 branch locations and its online banking platform.
Loan & Deposit Growth: Total assets rose to $2.8 billion (up 8.1% YoY), with loans up 11% and deposits up 7.9%, demonstrating strong franchise growth.
EPS Impacted by One-Times: GAAP diluted EPS was $0.07 due to a $5.6 million securities restructuring loss ($0.31/share) and a $0.06/share tax catch-up; operational EPS was $0.44, flat QoQ.
Margin Expansion: Net interest margin improved to 3.27%, up 13 bps QoQ and 11 bps YoY, with further expansion expected in 2026.
Dividend Raised: Board approved a 25% increase in the quarterly dividend to $0.125 per share.
Share Buyback: Company repurchased 2 million shares (~10% of the company) at $17.19/share, funded mostly by a $40 million subordinated note.
Strong Credit Quality: Nonperforming loans remain low at 0.14% of loans; no loan losses reported for the quarter.
Deposit & Funding Strategy: Management emphasized relationship-driven deposit growth and plans to rebuild any end-of-year deposit declines.
