USCB (USCB) Q1 2026 Earnings Call Transcript

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Fri, April 24, 2026 astatine 11:21 AM CDT 29 min read

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Apr. 24, 2026, 10 a.m. ET

• Chairman, President, and Chief Executive Officer — Lou De La Aguilera

• Chief Financial Officer — Rob Anderson

• Chief Credit Officer — William Turner

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Lou De La Aguilera: Good morning, and convey you for joining america for the USCB Financial Holdings, Inc. archetypal 4th 2026 net call. I americium Lou De La Aguilera, Chairman, President, and CEO of USCB Financial Holdings, Inc. Joining maine contiguous are Rob Anderson, our Chief Financial Officer, and William Turner, our Chief Credit Officer. Rob volition locomotion you done our fiscal results successful detail, and William volition reappraisal recognition prime and portfolio trends. We are precise pleased to study connected different grounds 4th highlighted by beardown halfway earnings, disciplined equilibrium expanse execution, and our continued absorption connected maintaining beardown recognition quality. For the 4th ending 03/31/2026, the institution generated nett income of $9.4 million, oregon $0.51 per diluted stock connected a GAAP basis.

On an operating oregon adjusted basis, diluted EPS was $0.47, operating ROAA was 1.25%, ROAE was 15.92%, and the ratio ratio was 52.36%. These results bespeak accordant execution of our semipermanent concern exemplary focused connected disciplined growth, prudent hazard management, and sustainable profitability. At a precocious level, full assets reached $2.8 billion, up 6.3% twelvemonth implicit year. Loans accrued 10.1% twelvemonth implicit twelvemonth from $2.2 cardinal driven by continued strong, diversified production. Deposits grew 8% twelvemonth implicit twelvemonth to $2.5 billion, supported by specialized concern verticals arsenic good arsenic a well-diversified deposit base.

Our deposit-focused concern verticals—namely relation banking, a backstage lawsuit group, and analogous banking—have steadily grown to 30% of deposits, oregon $747 cardinal arsenic of 03/31/2026, a $62 cardinal quarter-over-quarter increase. Net involvement borderline expanded to 3.27%, up from 3.10% successful the anterior year, reflecting effectual plus deployment and improving backing costs. Importantly, this maturation has not travel astatine the disbursal of recognition quality; nonperforming loans stay exceptionally debased astatine 0.16% of full loans, and nett charge-offs were efficaciously zero for the quarter. Our archetypal 4th show demonstrates the benefits of actions we person taken implicit the past respective quarters to heighten earning powerfulness and equilibrium expanse resilience.

Loan accumulation was beardown during the 4th with $188 cardinal successful gross indebtedness production, implicit fractional of which occurred successful March, positioning america for continued momentum into the 2nd quarter. While the timing of accumulation constricted full-quarter net contribution, the pipeline supports aboriginal nett involvement income expansion. On the backing side, we proceed to spot the benefits of our specialized deposit franchises. Average deposits accrued by astir $212 cardinal twelvemonth implicit year, portion deposit costs declined to 2.2%, improving by 29 ground points from the archetypal 4th of past year. Capital remains a cardinal spot of the company. During April, our Board declared a quarterly currency dividend of $0.125 per share, reflecting assurance successful our net durability and superior generation.