USCB FINANCIAL HOLDINGS, INC.
For the period ended Dec 31, 2024. Filed Mar 14, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 14, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
except per share data)
Interest income:
Loans, including fees
$
115,236
$
87,884
11,480
10,012
Interest-bearing deposits in financial institutions
4,517
3,121
Total interest income
131,233
101,017
Interest expense:
Interest-bearing deposits
1,509
Savings and money markets accounts
40,098
29,658
13,354
8,500
Federal Home Loan Bank advances
6,336
3,390
Total interest expense
61,297
42,449
Net interest income before provision for
69,936
58,568
3,157
2,367
Net interest income after provision for
66,779
56,201
Non-interest income:
Service fees
8,839
5,055
Bank owned life insurance income
1,691
2,160
Gain (loss) on sale of securities available for sale,
net
(1,859)
Gain on sale of loans held for sale, net
Other non-interest income
1,449
1,246
Total non-interest income
12,740
7,403
Non-interest expense:
Salaries and employee benefits
28,793
24,429
Occupancy
5,258
5,230
Regulatory assessment and fees
1,766
1,453
Consulting and legal fees
1,568
1,899
Network and information technology services
1,993
2,016
7,664
6,781
Total non-interest expense
47,042
41,808
Net income before income tax expense
32,477
21,796
Income tax expense
7,803
5,251
24,674
16,545
$
24,674
$
16,545
Per share information:
Class A common stock
Net income per share, basic
$
1.25
$
0.84
Net income per share, diluted
$
1.24
$
0.84
Weighted average shares outstanding:
Class A common stock
Basic
Diluted
19,831,421
19,687,634
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.