USCB Financial : Fourth Quarter 2022 Earnings Presentation

Exhibit 99.2

Fourth Quarter 2022 Earnings Presentation

January 27, 2023

1

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. The words "may," "will," "anticipate," "should," "would," "believe," "contemplate," "expect," "aim," "plan," "estimate," "continue," and "intend," as well as other similar words and expressions of the future, are intended to identify forward-looking statements. These forward-looking statements include statements related to our projected growth, anticipated future financial performance, and management's long-term performance goals, as well as statements relating to the anticipated effects on results of operations and financial condition from expected developments or events, or business and growth strategies, including anticipated internal growth and balance sheet restructuring.

These forward-looking statements involve significant risks and uncertainties that could cause our actual results to differ materially from those anticipated in such statements. Potential risks and uncertainties include, but are not limited to:

• the strength of the United States economy in general and the strength of the local economies in which we conduct operations;
• the continuation of the COVID-19 pandemic and its impact on us, our employees, customers and third-party service providers, and the ultimate extent of the impacts of the pandemic and related government stimulus programs;
• our ability to successfully manage interest rate risk, credit risk, liquidity risk, and other risks inherent to our industry;
• the accuracy of our financial statement estimates and assumptions, including the estimates used for our credit loss reserve and deferred tax asset valuation allowance;
• the efficiency and effectiveness of our internal control environment;
• our ability to comply with the extensive laws and regulations to which we are subject, including the laws for each jurisdiction where we operate;
• legislative or regulatory changes and changes in accounting principles, policies, practices or guidelines, including the effects of the forthcoming implementation of the Current Expected Credit Losses ("CECL") standard;
• the effects of our lack of a diversified loan portfolio and concentration in the South Florida market, including the risks of geographic, depositor, and industry concentrations, including our concentration in loans secured by real estate;
• effects of climate change
• the concentration of ownership of our common stock;
• fluctuations in the price of our common stock;
• our ability to fund or access the capital markets at attractive rates and terms and manage our growth, both organic growth as well as growth through other means, such as future acquisitions;
• inflation, interest rate, unemployment rate, market, and monetary fluctuations;
• impacts of international hostilities and geopolitical events
• increased competition and its effect on the pricing of our products and services as well as our margin;
• the effectiveness of our risk management strategies, including operational risks, including, but not limited to, client, employee, or third-party fraud and security breaches; and
• other risks described in this presentation and other filings we make with the Securities and Exchange Commission ("SEC").

All forward-looking statements are necessarily only estimates of future results, and there can be no assurance that actual results will not differ materially from expectations. Therefore, you are cautioned not to place undue reliance on any forward-looking statements. Further, forward-looking statements included in this presentation are made only as of the date hereof, and we undertake no obligation to update or revise any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, unless required to do so under the federal securities laws. You should also review the risk factors described in the reports USCB Financial Holdings, Inc. filed or will file with the SEC and, for periods prior to the completion of the bank holding company reorganization in December 2021, U.S. Century Bank filed with the FDIC.

Non-GAAP Financial Measures

This presentation includes financial information determined by methods other than in accordance with generally accepted accounting principles ("GAAP"). This financial information includes certain operating performance measures. Management has included these non-GAAP measures because it believes these measures may provide useful supplemental information for evaluating the Company's underlying performance trends. Further, management uses these measures in managing and evaluating the Company's business and intends to refer to them in discussions about our operations and performance. Operating performance measures should be viewed in addition to, and not as an alternative to or substitute for, measures determined in accordance with GAAP, and are not necessarily comparable to non-GAAP measures that may be presented by other companies. To the extent applicable, reconciliations of these

non-GAAP measures to the most directly comparable GAAP measures can be found in the 'Non-GAAP Reconciliation Tables' included in the presentation.	2
All numbers included in this presentation are unaudited unless otherwise noted.

Q4 2022 Highlights

• Credit metrics remain strong.

	• There were no loans classified as nonperforming.
Capital/	• ACL coverage ratio was 1.16%.
• No shares repurchased during the quarter; Board approved repurchase program in place
Credit
covering 750,000 shares of common stock.

• Net income was $4.4 million or $0.22 per diluted share. Non-GAAP Operating net income was $5.9 million or $0.29 per diluted share. Executed a portfolio restructuring strategy which resulted in a sale of $17.0 million of lower-yieldingsecurities for an after-taxloss of $1.5 million or $0.07 EPS. Proceeds from the sale of securities will be reinvested in higher yielding assets generating an additional $0.03 in 2023 EPS.
• ROAA was 0.86% and ROAE was 9.91%. Non-GAAPOperating ROAA was 1.14% and Non-

Profitability

GAAP Operating ROAE 13.23%.

• Efficiency ratio was 59.81%. Non-GAAP Operating efficiency ratio was 53.46%.
• NIM was 3.45% and NII was $16.9 million, compared to 3.19% and $14.1 million the fourth quarter 2021.
• Average deposits increased by $241.9 million or 15.5% compared to fourth quarter 2021.

• Average loans, excluding PPP loans, increased $347.8 million or 31.4% compared to fourth quarter 2021.

Growth	• Tangible Book Value per Share was $9.12, up $0.25 from prior quarter. After tax unrealized
	security losses impact of $2.24 in TBV for quarter end.

3

Historical Financial Data (EOP for Balance Sheet amounts)

Loans (1)	Deposits	$1,829	Total stockholders' equity
In millions	In millions	In millions
	$1,507		$182
$735	$782		$86

2016

2017

2018

2019

2020

2021

2022

2016

2017

2018

2019

2020

2021

2022

2016

2017

2018

2019

2020

2021

2022

		ACL/Total Loans					Net Charge Off				Nonperforming Assets/Total
										In thousands						Assets
														$65
1.17%						1.16%								1.58%
						2016	2017	2018	2019	2020	2021	2022
						(1,019)														$0%
2016	2017	2018	2019	2020	2021	2022										2016	2017	2018	2019	2020	2021	2022

Total Revenue

In millions

69

37

2016

2017

2018

2019

2020

2021

2022

1. Loan amounts include deferred fees/costs.
2. Non-GAAPfinancial measure.

94.15% Efficiency ratioPTPP ROAA (2)

1.44%

59.81%

0.24%

2016

2017

2018

2019

2020

2021

2022

2016

2017

2018

2019

2020

2021

2022

4

Business Verticals

JA/PCG(1)HOA(2)Global

Deposits EOP	Deposits EOP	Deposits EOP
$172 Million	$97 Million	$177 Million
33%	42%	14%
Growth	Growth	Growth
YoY	YoY	YoY
Loans EOP	Loans EOP	Loans EOP
$9 Million	$73 Million	$94 Million
266%	59%	58%
Growth	Growth	Growth
YoY	YoY	YoY

SBA(3)

Loans EOP

$38 Million

• $19MM closed in SBA 7As in 2022
• $891K in gain on sale of loans in 2022

Yachts

Loans EOP

$125 Million

57%

Growth

YoY

• $77MM in loan production in 2022
• 32% of the purchased portfolio was paid off in 2022

1. JA/PCG: Jurist Advantage/Private Client Group

(2) HOA: Homeowners Association	5
(3) Does not include PPP Loans.