USCB Financial : Second Quarter 2022 Earnings Presentation

Exhibit 99.2

Second Quarter 2022 Earnings Presentation

July 29, 2022

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.

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;
• the concentration of ownership of our Class A common stock;
• fluctuations in the price of our Class A 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;
• increased competition and its effect on the pricing of our products and services as well as our interest rate 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 31, 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
You should assume that all numbers are unaudited unless otherwise noted.

Q2 2022 Highlights

Capital/

Credit

Profitability

Growth

• Credit metrics remain pristine.
• There were no loans classified as nonperforming.
• ACL coverage ratio was 1.15%.
• Tangible Book Value per Share is at $9.00, down $0.60 from prior quarter primarily due to AOCI.
• No shares repurchased during the quarter; Board approved repurchase program in place covering 750,000 shares of Class A common stock.
• Net income was $5.3 million or $0.26 per diluted share.
• ROAA was 1.08% and ROAE was 11.38%.
• Efficiency ratio was 55.34%.
• NIM was 3.37% and NII was $15.6 million, up $3.2 million or 25.4% compared to second quarter 2021.
• Average deposits increased by $284.5 million or 19.9% compared to second quarter 2021.
• Total average loans, excluding PPP loans, increased $102.3 million or 34.9% annualized compared to prior quarter and $289.9 million or 29.3% compared to second quarter 2021.

3

Historical Financial Data

		Total Loans (1)
			In millions			$1,373
$735
2016	2017	2018	2019	2020	2021	Q1	Q2
						2022	2022

		Total Deposits
			In millions
							$1,739
$782
2016	2017	2018	2019	2020	2021	Q1	Q2
						2022	2022

	Total Stockholders' Equity
			In millions
							$180
$86
2016	2017	2018	2019	2020	2021	Q1	Q2
						2022	2022

		ACL/Total Loans				Net Charge off		Nonperforming Assets/Total
										In thousands						Assets
1.17%							1.15%							(7)
												1.58%
							2016	2017	2018	2019	2020	2021	Q1	Q2
													2022	2022
							(1,019)														0.00%
2016	2017	2018	2019	2020	2021	Q1	Q2							2016	2017	2018	2019	2020	2021	Q1	Q2
						2022	2022													2022	2022

	Total Revenue					Efficiency ratio
		In millions			94.15%
					$63
$37													55.34%
2016	2017	2018	2019	2020	2021	2016	2017	2018	2019	2020	2021	Q1	Q2
(1) Loan amounts include deferred fees/costs.									2022	2022
(2) Non-GAAP Financial Measure.
* As of end of period for Balance Sheet amounts.

		PTPP ROAA (2)
							1.57%
0.24%
2016	2017	2018	2019	2020	2021	Q1	Q2
						2022	2022

Financial Results

					In thousands (except per share data)
				Q2 2022	Q1 2022	Q2 2021
Balance		Total Securities	$456,135	$514,575	$395,804
	Total Loans (1)	$1,372,733	$1,258,388	$1,145,095
Sheet		Total Assets	$2,016,086	$1,967,252	$1,667,005
(EOP)		Total Deposits	$1,738,720	$1,713,294	$1,438,776
		Total Equity	$180,068	$192,039	$166,302
		Net Interest Income	$15,642	$14,379	$12,474
		Non-interest Income	$1,617	$1,945	$1,516
		Total Revenue	$17,259	$16,324	$13,990
		Provision for Credit Losses	$705	$0	$0
Income		Non-interest Expense	$9,551	$9,612	$8,674
Statement		Net Income	$5,295	$4,854	$4,053
	Net Income available to common	$5,295	$4,854	$3,299
		stockholders (2)
		Diluted Earning Per Share (EPS) (3)
		Class A Common Stock	$0.26	$0.24	$0.64
		Class B Common Stock	$0.00	$0.00	$0.13

(1)	Loan amounts include deferred fees/costs.
(2) No preferred stock outstanding as of Q2'22 and Q1'22.	5
(3)	See footnote disclosure in the Non-GAAP table for common stock activity (redemption and exchange of preferred stock, IPO,

and exchange of Class B common stock) which impacted diluted EPS for Q2'22 and Q1'22.