USCB Q2 net income rises 31%, EPS up

Overview

• USCB Q2 net income rises to $8.1 mln, diluted EPS at $0.40

• Net interest margin improves to 3.28%, driven by loan growth and deposit pricing

• Total assets increase 10.6% to $2.7 bln, loans up 13.1% yr/yr

Outlook

• USCB aims to sustain momentum with disciplined deposit pricing

• Company focuses on risk management and capital allocation for long-term value

Result Drivers

• LOAN GROWTH - Net interest margin improved to 3.28% driven by healthy loan growth and disciplined deposit pricing, per CEO Luis de la Aguilera

• ASSET EXPANSION - Total assets increased by 10.6% to $2.7 bln, reflecting strong balance sheet growth

• DEPOSIT INCREASE - Total deposits grew 13.6% yr/yr to $2.3 bln, supporting asset and loan growth

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the banks peer group is "buy."

• Wall Street's median 12-month price target for USCB Financial Holdings Inc is $19.75, about 8.8% above its July 23 closing price of $18.01

• The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nGNX71BCT8