- USCB Financial Holdings (USCB, Financial) reports a record 65% increase in fully diluted EPS to $0.38 for Q1 2025.
- Total assets reach $2.7 billion, marking a 7.6% year-over-year growth.
- USCB declares a quarterly cash dividend of $0.10 per share, payable on June 5, 2025.
USCB Financial Holdings, Inc. (NASDAQ: USCB), the holding company for U.S. Century Bank, has announced record financial results for the first quarter of 2025, posting a significant 65% year-over-year increase in fully diluted earnings per share to $0.38, up from $0.23 in Q1 2024. This quarter's net income reached $7.7 million, compared to $4.6 million in the previous year.
Key performance metrics highlighted a return on average assets (ROAA) of 1.19%, the highest since Q4 2021, and a return on average equity (ROAE) of 14.15%, improving from 9.61% in the same period last year. The efficiency ratio notably improved to 52.79% from 63.41%, reflecting effective cost management.
The net interest margin saw a considerable rise to 3.10% from 2.62%, supporting robust net interest income before provisions, which increased by 26.1% to $19.1 million. Non-interest income also experienced a substantial growth of 50.8% year-over-year, reaching $3.7 million.
On the balance sheet side, USCB reported total assets of $2.7 billion, reflecting a 7.6% increase from the previous year. Loans held for investment grew by 11.8% to $2.0 billion, while deposits increased by 9.8% to $2.3 billion. Despite an uptick in non-performing loans to $4.2 million, representing 0.20% of total loans, the company has been proactive in enhancing its allowance for credit losses, which now stands at $24.7 million.
USCB has declared a quarterly cash dividend of $0.10 per share, set to be paid on June 5, 2025, to shareholders of record as of May 15, 2025, demonstrating continued confidence in the company's financial health and sustainable profitability. The tangible book value per share also increased by 3.9% quarter-over-quarter to $11.23.
