Uscb Financial Holdings, Inc. · NASDAQ:USCB
Uscb Financial — Q1 2025 Earnings Presentation
20 slides from Uscb Financial's earnings presentation, Apr 24, 2025
Slide 1: Earnings Presentation First Quarter 2025
Exhibit 99.2 EARNINGS PRESENTATION FIRST QUARTER 2025 NASDAQ: USCB USCB FINANCIAL HOLDINGS
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: Q1 2025 Highlights
Q1 2025 HIGHLIGHTS GROWTH Average deposits increased by $166.6 million or 8.1% compared to the first quarter 2024. Average loans increased $205.3 million or 11.5% compared to the first quarter 2024. Liquidity sources as of March 31, 2025, aggregated $826 million in on-balance sheet and off-balance s
Slide 4: Historical Financials
HISTORICAL FINANCIALS EOP for Balance Sheet amounts Loans In millions $735 $5,036 Deposits In millions $782 $2,310 Total Stockholders’ equity In millions $86 $225 ACL/Total Loans 1.17% 1.22% Net Charge-offs ($1,019) ($26) Nonperforming Assets/Total Assets 1.58% 0.16% Net Interest Income In millions
Slide 5: Financial Results
FINANCIAL RESULTS In thousands (except per share data) 2025 Q4 2024 Q1 Balance Sheet (EOP) Income Statement Total Securities $436,929 $424,915 $433,030 Total Loans (1) $2,036,212 $1,972,848 $1,821,196 Total Assets $2,677,382 $2,581,216 $2,489,142 Total Deposits $2,309,569 $2,174,004 $2,102,794 Total
Slide 6: Key Performance Indicators
KEY PERFORMANCE INDICATORS In thousands (except for TBV/share) Q1 2025 Q4 2024 Q1 2024 GROWTH PROFITABILITY CAPITAL/CREDIT Total Assets (EOP) $2,677,382 $2,581,216 $2,489,142 Total Loans (EOP) (1) $2,036,212 $1,972,848 $1,821,196 Total Deposits (EOP) $2,309,569 $2,174,004 $2,102,794 Tangible Book Va
Slide 7: Deposit Portfolio
DEPOSIT PORTFOLIO Deposits AVG In millions $2,049 $2,083 $2,078 $2,139 $2,215 $323 $316 $326 $341 $400 $1,098 $1,101 $1,085 $1,156 $1,199 $53 $56 $58 $51 $53 $575 $610 $609 $591 $563 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Non-interest bearing deposits Interest-bearing checking deposits Money market
Slide 8: Loan Portfolio
LOAN PORTFOLIO Total Loans (VG) In millions 6.01% 6.16% 6.32% 6.25% 6.17% $1,782 $1,828 $1,878 $1,959 $1,987 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Loan Loan Yields Gross Total Loans (EOP) $1,818 $1,865 $1,928 $1,965 $2,029 $194 $195 $199 $198 $219 $100 $112 $104 $82 $103 $228 $248 $247 $258 $256 $
Slide 9: Loan Production
LOAN PRODUCTION Net Loan Production Trend In millions 8.16% 8.01% 7.75% 7.14% 6.67% $131 $91 $155 $108 $157 $95 $161 $123 $182 $119 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Loan Production/Line changes Loan Amortization/payoffs New loans weighted average coupon Loan Composition Trend EOP In millions
Slide 10: Net Interest Margin
NET INTEREST MARGIN Net Interest Income/Margin In thousands (except ratios) 2.62% 2.94% 3.03% 3.16% 3.10% $15,158 $17,311 $18,109 $19,358 $19,115 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Net Interest Income NIM Interest-Earning Assets Mix (AVG) 5% 4% 3% 2% 3% 18% 19% 18% 18% 17% 77% 77% 79% 80% 80% Q
Slide 11: Interest Rate Sensitivity
INTEREST RATE SENSITIVITY Loan Portfolio Repricing Profile by Rate Type Hybrid ARM 3% Fixed Rate 42% Variable Rate 55% 28% 10% 62% Prime CMT SOFR 24% 42% 12% 22% yrs. 1-2 yrs. 2-3 yrs >3 yrs. Static NII Simulation year 1 & 2 -100 1.1% 4.5% Net interest income changes from base ($in thousands and % c
Slide 12: Asset Quality
ASSET QUALITY Allowance for Credit Losses (in thousands (except ratios) 1.18% 1.19% 1.19% 1.22% 1.22% $21,454 $22,230 $23,067 $24,070 $24,740 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Allowance for credit loss ACL/Total Loans Non-performing Loans In thousand s (except ratios) 0.03% 0.04% 0.14% 0.14% 0
Slide 13: Loan Portfolio Mix
LOAN PORTFOLIO MIX Loan Portfolio Mix (1) Residential real estate CRE - Owner occupied CRE - Non-owner occupied Commercial and industrial Correspondent banks Consumer and other 11% 15% 47% 10% 12% 5% $2,029 MM CRE :Loan Mix Land/Construction 4% Other 3% Retail 26% Multifamily 18% CRE - Owner Occupie
Slide 14: Non-Interest Income
NON-INTEREST INCOME In thousands (except ratios) Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Total service fees $2,331 $2,667 $2,544 $1,977 $1,651 Wire fees $570 $587 $563 $557 $521 Swap fees $93 $1,076 $1,285 $650 $285 Other $1,668 $1,004 $696 $770 $845 Gain on sale of securities available for sale - -
Slide 15: Non-Interest Expense
NON-INTEREST EXPENSE In thousands (except ratios) Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Salaries and employee benefits $7,636 $7,930 $7,200 $7,353 $6,310 Occupancy 1,284 1,337 1,341 1,266 1,314 Regulatory assessments and fees 421 405 452 476 433 Consulting and legal fees 193 552 161 263 592 Networ
Slide 16: Capital
CAPITAL Capital Ql 2025 04 2024 Leverage Ratio 59 9.61% 599 9.53% TCE/TA (2) 8.41% 8.34% Tier 1 Risk- Based Capital 12.48% 12.28% Total Risk- Based Capital 13.72% 13.51% AOCI In Millions ($41.1) ($44.5) “22 9 9 8.91% 5.00% 7.83% NA 11.80% 8.00% 12.98% 10.00% ($45.4) Commentary The Company paid in Ma
Slide 17: Takeaways
TAKEAWAYS Leading franchise located in one of the most attractive banking markets in Florida and the U.S. Robust organic growth Strong asset quality, with minimal charge-offs experienced since 2015 recapitalization Experienced and tested management team Strong profitability, with pathway for future
Slide 18: Appendix - Non-GAAP Reconciliation
APPENDIX - NON-GAAP RECONCILIATION In thousands (except ratios) As of or For the Three Months Ended 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 Pre-tax pre-provision ("PTPP") income: (1) Net income $ 7,658 $ 6,904 $ 6,949 $ 6,209 $ 4,612 Rus: Provision for income taxes 2,440 2,197 2,213 1,967
Slide 19: Appendix - Non-GAAP Reconciliation
APPENDIX - NON-GAAP RECONCILIATION In thousands (except ratios and share data) As of or For the Three Months Ended 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 Tangible book value per common share (at period-end): (1) Total stockholders’ equity $ 225,088 $ 215,388 $ 213,916 $ 201,020 $ 195,01
Slide 20: Contact Information
CONTACT INFORMATION LOU DE LA AGUILERA Chairman, President & CEO laguilera@uscentury.com ROB ANDERSON EVP, Chief Financial Officer (305) 715-5393 rob.anderson@uscentury.com INVESTOR RELATIONS InvestorRelations@uscentury.com 20
USCB Financial Holdings — Q1 2025 Earnings Presentation on 6ix