USCB Financial Holdings, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
January 25, 2024 at 04:01 pm EST
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USCB Financial Holdings, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported net interest income was USD 14.38 million compared to USD 16.87 million a year ago. Net income was USD 2.72 million compared to USD 4.43 million a year ago. Basic earnings per share from continuing operations was USD 0.14 compared to USD 0.22 a year ago. Diluted earnings per share from continuing operations was USD 0.14 compared to USD 0.22 a year ago.
For the full year, net interest income was USD 58.57 million compared to USD 63.66 million a year ago. Net income was USD 16.55 million compared to USD 20.14 million a year ago. Basic earnings per share from continuing operations was USD 0.84 compared to USD 1.01 a year ago. Diluted earnings per share from continuing operations was USD 0.84 compared to USD 1 a year ago.
USCB Financial Holdings, Inc. is a bank holding company for U.S. Century Bank (the Bank). The Bank is a Florida state-chartered, non-Federal Reserve System member bank. It is focused on serving small-to-medium sized businesses (SMBs) and catering to the needs of local business owners, entrepreneurs, and professionals in South Florida. It provides a wide range of personal and business banking products and services. Its specialty banking offerings include small business administration (SBA) lending, yacht lending, homeowner association (HOA) services and global banking services. Its specialty banking offerings include Small Business Administration (SBA) lending, where the Company's SBA platform originates loans under Sections 7(a) and 504 of the SBA programs; yacht lending vertical provides yacht financing for larger vessels; Homeowner Association (HOA) services; Jurist Advantage and Private Client Group services, and Global Banking services.