Business
USCB Financial Holdings, Inc. Reports EPS of $0.21 for Q2 2023
MIAMI, July 27, 2023 (GLOBE NEWSWIRE) -- USCB Financial Holdings, Inc. (the “Company”) (NASDAQ: USCB), the holding company for U.S. Century Bank (the “Bank”),
About this update from Uscb Financial Holdings, Inc.
[{"type":"text","content":"MIAMI, July 27, 2023 (GLOBE NEWSWIRE) -- USCB Financial Holdings, Inc. (the “Company”) (NASDAQ: USCB), the holding company for U.S. Century Bank (the “Bank”), reported net income of $4.2 million or $0.21 per diluted share for the three months ended June 30, 2023, compared with net income of $5.3 million or $0.26 per diluted share, for the same period in 2022. The Company announced on June 28, 2023 the appointment of Luis de la Aguilera to succeed Aida Levitan, Ph.D. as Chairman of the Board of Directors for both the Company and the Bank. Levitan had served as chairman of the Board since 2017 and will continue to contribute as a valued member of the Board. “I am deeply grateful for the privilege of serving as Chairman of this respected institution for the past six years. I extend my heartfelt thanks to the Board of Directors, our dedicated employees, and supportive community for their unwavering commitment and collaboration,” said Aida Levitan, Ph.D., who will continue as Board Director. “It is with great confidence, that our Board of Directors passes its leadership as Chairman to Luis de La Aguilera, President and CEO, along with confirming Kirk Wycoff, Managing Partner of Patriot Financial Partners, as Lead Independent Director.” “As President and CEO of USCB Financial Holdings, Inc., I am honored to assume the additional responsibility of Chairman of the Board. Our unwavering focus remains on organic and sustainable growth, ensuring that USCB Financial Holdings Inc. continues to thrive in a sound and prudent manner. We are a leading franchise in what I feel is one of the most attractive banking markets in the United States,” said de la Aguilera. “On behalf of the Board and the entire USCB team, I thank Aida Levitan for her leadership for the past six years.” “Like others in the industry today, we are navigating a challenging operational environment with an inverted yield curve, higher deposit cost, and liquidity concerns. Despite these headwinds, we continue to execute our plans, steadily growing both loans and deposits, underscoring our resilience and commitment to serve our customers and community. As we look forward to the third quarter, we are encouraged by increased and diversified loan demand, which positions us well for the second half of 2023,” said Luis de la Aguilera, Chairman, President, and CEO. Unless otherwise st...