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USCB Financial Holdings, Inc. Class A (USCB)
NASDAQ:USCB
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Earnings Data
Report Date
Jan 23, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.37Last Year’s EPS
0.14Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 28, 2021
|% Change Since: 25.69%
|Next Earnings Date:Jul 30, 2021
Earnings Call Sentiment|Positive
The earnings call reflected strong financial performance with record earnings, robust loan and deposit growth, improved profitability metrics, and minimal impact from Hurricane Milton. While nonperforming loans increased slightly, the bank is well-positioned to manage future rate cuts and is benefiting from a strong Florida economy.Company Guidance
During the USCB Financial Holdings Q3 2024 earnings call, executives provided detailed guidance on various metrics reflecting the company's robust performance. Luis de la Aguilera highlighted an impressive $206 million increase in deposits, up 10.7% from Q3 2023, reaching $2.1 billion, with specialized verticals contributing significantly. Average loans rose by $267 million, a 16.6% increase year-over-year, with loan yields improving by 16 basis points sequentially and 79 basis points annually. Net income soared to $6.9 million, translating to $0.35 per diluted share, marking an 82% rise from the previous year. The return on average assets (ROAA) and equity (ROAE) also improved to 1.11% and 13.38%, respectively. CFO Robert Anderson noted that the net interest margin (NIM) climbed nine basis points to 3.09% in September, with expectations of continued improvement. Additionally, the allowance for credit losses remained stable, and nonperforming loans represented only 0.14% of the portfolio. The company maintained a strong capital position, with tangible book value per share at $10.90, and declared a $0.05 cash dividend per share. Overall, USCB's strategic initiatives and focus on diverse, high-quality loan production and deposit growth underpin its positive financial outlook.Record Earnings and Profitability
The company posted record earnings for the second consecutive quarter with net income of $6.9 million, a 82% increase compared to the third quarter of 2023, and fully diluted earnings per share of $0.35, up from $0.19 per share last year.
Strong Loan and Deposit Growth
Deposits increased by $206 million to $2.1 billion, a 10.7% increase compared to the third quarter of 2023. Average loans increased by $267 million or 16.6% compared to the third quarter of 2023.
Improvement in Profitability Metrics
ROAA increased to 1.11% from 0.67% in Q3 2023, and ROAE increased to 13.38% from 8.19% in Q3 2023.
Loan Portfolio Diversification
Non-real estate loans now make up 28% of the total loan portfolio, showing increased diversification.
Positive Impact of Florida's Economy
The strength of Florida's economy, with strong job growth and low unemployment, supports the bank's growth.
Minimal Impact from Hurricane Milton
The bank experienced minimal effects from Hurricane Milton with only one building reporting damage, and the loan is current.
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USCB Financial Holdings, Inc. Class A (USCB) Earnings, Revenues Date & History
USCB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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USCB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $14.48 | $14.96 | +3.31% |
| Jul 25, 2024 | $15.70 | $15.34 | -2.29% |
| Apr 25, 2024 | $10.15 | $10.62 | +4.63% |
| Jan 25, 2024 | $12.00 | $11.97 | -0.25% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does USCB Financial Holdings, Inc. Class A (USCB) report earnings?
USCB Financial Holdings, Inc. Class A (USCB) is schdueled to report earning on Jan 23, 2025, TBA Not Confirmed.
What is USCB Financial Holdings, Inc. Class A (USCB) earnings time?
USCB Financial Holdings, Inc. Class A (USCB) earnings time is at Jan 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is USCB EPS forecast?
USCB EPS forecast for the fiscal quarter 2024 (Q4) is 0.37.
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