Uscb Financial Holdings, Inc. · NASDAQ:USCB
Uscb Financial — Q2 2025 Earnings Presentation
34 slides from Uscb Financial's earnings presentation, 2025
Slide 1: Investor Presentation Second Quarter 2025
INVESTOR PRESENTATION SECOND QUARTER 2025 NASDAQ: USCB 1
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation may contain statements that are not historical in nature and are intended to be, and are hereby identified as, forward-looking statements for purposes of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended. Forward-l
Slide 3: Table of Contents
TABLE OF CONTENTS 1 Who We Are 2 Growth Strategy 3 Financial Review 4 Appendix 3
Slide 4: Company Overview
DIVERSIFIED WE ARE A RELATIONSHIP-FIRST BUSINESS VERTICALS BANK Company Overview Commercial Banking ▪ Founded in 2002, U.S. Century Bank is a state-chartered bank headquartered in South Florida. ▪ Focused on servicing small/medium-sized businesses within branch footprint − 9th largest Florida headqu
Slide 5: Located in a Vibrant Economy
DIVERSIFIED LOCATED IN ABUSINESS VIBRANT ECONOMY VERTICALS DORAL HEADQUARTERS Florida is one of the largest business markets in the country ▪ According to the U.S. Small Business Administration’s October 2024 report, Florida ranks second among states with the largest SBA loan production (6,559 loans
Slide 6: Attractive Demographics
DIVERSIFIEDDEMOGRAPHICS ATTRACTIVE BUSINESS VERTICALS The labor force was up 3% percent (+40,298) over the year in May 2024 (4) Florida remains the state with the highest population growth, adding nearly 1 million residents between 2022 and 2024(1) 10% projected increase of Florida per Capita Person
Slide 7: Seasoned Management
DIVERSIFIED SEASONED MANAGEMENT BUSINESS VERTICALS Luis de la Aguilera Rob Anderson Bill Turner Oscar Gomez Chairman, President & CEO Chief Financial Officer Chief Credit Officer Head of Global Banking Division Previously President & CEO of TotalBank Previously CFO of Capstar Financial Holdings Prev
Slide 8: Accomplished Board of Directors
DIVERSIFIED BUSINESS ACCOMPLISHED BOARD VERTICALS OF DIRECTORS Luis de la Aguilera Aida Levitan Kirk Wycoff Chairman, President & CEO Board Member Board Member Previously President & CEO of TotalBank President the Levitan Group Managing Partner, Patriot Financial Director since 2016 Director since 2
Slide 9: Our Strategy
DIVERSIFIED OUR STRATEGYBUSINESS VERTICALS Organic Loan Growth: ▪ Take advantage of platform that we have developed post 2015 recapitalization, capitalize on fragmented Miami-Dade MSA community banking market, and continue to build market share − Capitalize on inherent advantages over smaller commun
Slide 10: Diversified Business Verticals
DIVERSIFIED BUSINESS VERTICALS Specialty banking products, services and solutions designed for small businesses, homeowner associations, law firms, medical practices and other professional Differentiated Banking Product Offerings services firms, yacht lending and global banking services PCG/Jurist A
Slide 11: Deposit Aggregating Verticals
DIVERSIFIED DEPOSIT AGGREGATING BUSINESS VERTICALS Deposits Trend (EOP) In millions $626 $630 $18 $21 $492 $446 $16 $265 $268 $352 $312 $200 $177 $229 $154 $125 $120 $138 $97 $112 $88 $129 $68 $77 $218 $221 $38 $172 $164 $48 $130 $10 $97 $62 $30 2018 2019 2020 2021 2022 2023 2024 Q2 2025 JA/PCG HOA
Slide 12: Q2 2025 Highlights
Q2 2025 HIGHLIGHTS Average deposits increased by $206.8 million or 9.9% compared to the second quarter 2024. Average loans increased $229.0 million or 12.5% compared to the second quarter 2024. Liquidity sources as of June 30, 2025, aggregated $727 million in on-balance sheet and off-balance sheet s
Slide 13: Historical Financials
HISTORICAL FINANCIALS EOP for Balance Sheet amounts Loans (1) Deposits Total stockholders' equity In millions In millions $2,336 In millions $232 $2,113 $735 $782 $86 2016 2017 2018 2019 2020 2021 2022 2023 2024 Q1 Q2 2016 2017 2018 2019 2020 2021 2022 2023 2024 Q1 Q2 2016 2017 2018 2019 2020 2021 2
Slide 14: Financial Results
FINANCIAL RESULTS In thousands (except per share data) Q2 2025 Q1 2025 Q2 2024 Total Securities $444,122 $436,929 $406,050 Balance Total Loans (1) $2,113,318 $2,036,212 $1,869,249 Total Assets $2,719,474 $2,677,382 $2,458,270 Sheet Total Deposits $2,335,661 $2,309,569 $2,056,702 (EOP) Total Equity (
Slide 15: Key Performance Indicators
KEY PERFORMANCE INDICATORS In thousands (except for TBV/share) Q2 2025 Q1 2025 Q2 2024 Total Assets (EOP) $2,719,474 $2,677,382 $2,458,270 Total Loans (EOP) (1) $2,113,318 $2,036,212 $1,869,249 Total Deposits (EOP) $2,335,661 $2,309,569 $2,056,702 GROWTH Tangible Book Value/Share (2)(3) $11.53 $11.2
Slide 16: Deposit Portfolio
DEPOSIT PORTFOLIO Deposits AVG Commentary In millions $2,215 $2,291 Average deposits increased $75.5 $2,078 $2,139 $2,083 $400 $452 million or 13.7% annualized compared $341 $316 $326 to the prior quarter and increased $206.8 million or 9.9% compared to $1,101 $1,085 $1,156 $1,199 $1,212 the second
Slide 17: Liquidity
DIVERSIFIED BUSINESS VERTICALS LIQUIDITY EOP for Balance Sheet amounts Total Liquidity Commentary We believe we are well positioned to weather 25% 28% 26% 26% 27% the current economic environment. We have ample sources of liquidity, both on and off-balance sheet. 15% 16% 13% Continued growth of both
Slide 18: Loan Portfolio
LOAN PORTFOLIO Total Loans (AVG) Commentary In millions $2,100 6.16% 6.32% 6.25% 6.17% 6.23% 7.00% Average loans increased $70.6 million $1,900 6.00% or 14.3% annualized compared to $1,700 5.00% prior quarter and $229.0 million or 12.5% compared to the second $1,500 4.00% quarter 2024. $1,300 $2,057
Slide 19: Loan Production
LOAN PRODUCTION Net Loan Production Trend Loan Composition Trend EOP (1) In millions, except for ratios In millions, except for ratios $2,106 $200 8.50% 8.01% $180 7.75% 8.00% 15% $160 7.12% $140 7.50% 7.14% $120 6.67% 7.00% $100 $948 57% $182 $187 6.50% $80 $155 $157 $161 28% $60 $123 $119 $110 6.0
Slide 20: Net Interest Margin
NET INTEREST MARGIN Net Interest Income/Margin (1) Commentary In thousands (except ratios) 3.28% $25,000 3.16% 3.10% 3.50% Net interest income increased $1.9 3.03% 2.94% 3.00% million or 40.3% annualized compared $20,000 to prior quarter and increased $3.7 2.50% million or 21.5% compared to the $15,
Slide 21: Interest Rate Sensitivity
INTEREST RATE SENSITIVITY Loan Portfolio Repricing Profile Loan Repricing Schedule by Rate Type Variable/Hybrid Rate Loans Hybrid ARM 2% 9% 23% 30% Variable Rate 46% Fixed Rate 57% 41% 15% 61% 16% Prime CMT SOFR 0-1 yrs. 1-2 yrs. 2-3 yrs >3 yrs. Static NII Simulation Year 1 & 2 $5,000 Year 1 Year 2
Slide 22: Securities Portfolio
DIVERSIFIEDPORTFOLIO SECURITIES BUSINESS VERTICALS EOP for Balance Sheet amounts, in millions Portfolio Composition Commentary Securities portfolio totaled $444.1 million; 64% of the 2% 6% portfolio is classified as AFS, while 36% is classified CMO 5% as HTM. MBS 30% 6% The modified duration is 5.2
Slide 23: Asset Quality
ASSET QUALITY Allowance for Credit Losses Commentary In thousands (except ratios) Allowance for credit losses increased $193 thousand compared to prior 26,000 1.25% 1.22% 1.22% quarter and $2.7 million compared to 24,000 1.19% 1.19% 1.18% 1.20% second quarter 2024. 22,000 20,000 1.15% ACL coverage r
Slide 24: Loan Portfolio Mix
LOAN PORTFOLIO MIX Loan Portfolio Mix (1) Commentary Total loan balance at quarter end was Residential real estate 10% $2,106 million (1). 15% 5% CRE - Owner occupied Commercial Real Estate (owner 9% occupied and non-owner occupied) CRE - Non-owner occupied 13% was 57.2% or $1,207 million of the tot
Slide 25: Non-Interest Income
NON-INTEREST INCOME In thousands (except ratios) Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Total service fees 2,402 $2,331 $2,667 $2,544 $1,977 Wire fees $604 $570 $587 $563 $557 Swap fees $428 $93 $1,076 $1,285 $650 Other $1,370 $1,668 $1,004 $696 $770 Gain on sale of securities available for sale -
Slide 26: Non-Interest Expense
NON-INTEREST EXPENSE In thousands (except ratios) Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Salaries and employee benefits $7,954 $7,636 $7,930 $7,200 $7,353 Occupancy 1,337 1,284 1,337 1,341 1,266 Regulatory assessments and fees 396 421 405 452 476 Consulting and legal fees 263 193 552 161 263 Networ
Slide 27: Capital
CAPITAL Capital Ratios (1) Q2 2025 Q1 2025 Q2 2024 Well- Capitalized Leverage Ratio 9.72% 9.61% 9.03% 5.00% TCE/TA (2) 8.52% 8.41% 8.18% NA Tier 1 Risk- Based Capital 12.52% 12.48% 11.93% 8.00% Total Risk- 13.73% 13.72% 13.12% 10.00% Based Capital AOCI ($41.8) ($41.1) ($44.7) In Millions Commentary
Slide 28: Takeaways
TAKEAWAYS Leading franchise located in Strong asset quality, one of the most attractive with limited charge- Robust organic growth banking markets in Florida offs experienced since and the U.S. 2015 recapitalization Strong profitability, Core funded deposit Experienced and tested with pathway for ba
Slide 29: Appendix – Risk Management
DIVERSIFIED APPENDIX – BUSINESS RISK MANAGEMENT VERTICALS ▪ Management has instilled a culture of adherence to well-developed risk management procedures. ▪ Management is responsible for day-to-day risk management (identifying, evaluating, and addressing existing and potential risks that may exist at
Slide 30: Appendix – Technology Support
DIVERSIFIED APPENDIX – BUSINESS TECHNOLOGY VERTICALS SUPPORT Paperless Account Opening International Letter Of Credit Reporting Database EMV Debit Cards 2016 January ‘16 – April ‘16 eTran April ‘16 – July ‘16 May ‘16 – September ‘16 August ‘16 – October ‘16 Instant Issue Debit Card Cash Management P
Slide 31: Appendix – Technology Support
DIVERSIFIED APPENDIX – BUSINESS TECHNOLOGY VERTICALS SUPPORT Remote Account Opening Secureworks MXDR platform Ring Central call reporting 2022 October ‘21 – March ‘22 Feb ‘22 – July 22’ October ‘22 – March ‘23 2023 Loan origination system FED Now payments June ‘22 – May ‘23 January ‘23 – October ‘23
Slide 32: Appendix - Non-GAAP Reconciliation
APPENDIX - NON-GAAP RECONCILIATION In thousands (except ratios) As of or For the Three Months Ended 6/30/2025 3/31/2025 12/31/2024 9/30/2024 6/30/2024 Pre-tax pre-provision ("PTPP") incom e: (1) Net income $ 8,140 $ 7,658 $ 6,904 $ 6,949 $ 6,209 Plus: Provision for income taxes 2,599 2,440 2,197 2,2
Slide 33: Appendix - Non-GAAP Reconciliation
APPENDIX - NON-GAAP RECONCILIATION In thousands (except ratios and share data) As of or For the Three Months Ended 6/30/2025 3/31/2025 12/31/2024 9/30/2024 6/30/2024 Tangible book value per com m on share (at period-end): (1) Total stockholders' equity $ 231,583 $ 225,088 $ 215,388 $ 213,916 $ 201,0
Slide 34: Contact Information
CONTACT INFORMATION LOU DE LA AGUILERA ROB ANDERSON Chairman, President & CEO EVP, Chief Financial Officer (305) 715-5186 (305) 715-5393 laguilera@uscentury.com rob.anderson@uscentury.com INVESTOR RELATIONS InvestorRelations@uscentury.com 34
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