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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
2025 (Q1)Consensus EPS Forecast
0.37Last Year’s EPS
0.23Same 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: 7.33%
|Next Earnings Date:Jul 30, 2021
Earnings Call Sentiment|Positive
The earnings call highlights robust financial performance, including record earnings per share, significant growth in deposits and loans, and strong asset quality. The increase in dividends reflects confidence in future profitability. However, challenges such as nonrecurring expenses and interest rate volatility are noted. Overall, the highlights outweigh the lowlights, indicating a positive outlook.Company Guidance
During the USCB Fourth Quarter 2024 earnings call, the management provided guidance indicating a strong financial outlook for 2025, supported by robust performance metrics from the past year. The bank achieved a record net income of $6.9 million or $0.34 per diluted share, marking a 153.7% increase compared to the previous year. Average deposits rose by $225 million, or 11.8%, while average loans increased by $260 million, or 15.3%, compared to Q4 2023. The net interest margin (NIM) improved by 54 basis points to 3.16% over the year, contributing to a solid return on average assets of 1.08%. The bank anticipates high single-digit to low double-digit loan growth in 2025, leveraging its deposit-focused business lines and strategic initiatives in Florida's dynamic market. Additionally, the Board approved a doubled quarterly cash dividend to $0.10 per share, reflecting confidence in the company's earnings power and commitment to shareholder value.Record-Breaking Earnings Per Share
Earnings per share increased from $0.14 in Q4 2023 to $0.34 in Q4 2024, marking a significant 142.9% increase.
Strong Deposit and Loan Growth
Average deposits increased by $225 million or 11.8%, and average loans increased by $260 million or 15.3% compared to Q4 2023.
Profitability and Net Income Growth
Net income increased by $4.2 million or 153.7% compared to Q4 2023, with a net interest income increase of $5 million or 34.7%.
Dividend Increase
The Board approved doubling the quarterly cash dividend to $0.10 per share, indicating strong financial health and confidence.
Interest Margin Expansion
Net interest margin improved from 2.62% to 3.16% in 2024, an increase of 54 basis points over three quarters.
Strong Asset Quality
Net losses were zero for the quarter and the year, with nonperforming loans unchanged at $2.7 million, representing 0.14% of the portfolio.
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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 |
|---|---|---|---|
| Jan 23, 2025 | $18.27 | $18.75 | +2.63% |
| 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% |
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 2025 (Q1) is 0.37.
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