USCB Financial Holdings Declares $0.125 Quarterly Dividend

USCB Financial Holdings, Inc. (USCB), a bank holding company, declared a quarterly cash dividend of $0.125 per share on its Class A common stock. The board approved the dividend on April 20, 2026. Read more dividend announcements.

Shareholders of record at the close of business on May 15, 2026 will receive the payment on June 5, 2026.

First Quarter 2026 Performance

The company reported net income of $9.4 million, or $0.51 per diluted share, for the quarter ended March 31, 2026. Excluding a $619,000 income tax benefit from an adjustment to the deferred tax asset calculation, operating earnings per share was $0.47.

Return on average assets reached 1.34% in the first quarter, up from 1.19% in the same period last year. Return on average equity climbed to 17.07% from 14.15% year-over-year.

Average deposits increased $211.9 million, or 9.6%, compared to the first quarter of 2025. Average loans grew by $190.9 million, also up 9.6% from the prior-year period.

Capital Position

USCB's total risk-based capital ratio stood at 14.09% as of March 31, 2026, well above regulatory requirements. The bank subsidiary's total risk-based capital ratio was 13.96%.

Tangible book value per common share reached $12.23 at March 31, 2026, an increase of $1.00, or 8.9%, from $11.23 a year earlier. The metric was negatively affected by $1.72 per share due to an accumulated other comprehensive loss of $31.3 million, primarily from changes in the market value of available-for-sale securities.

The company repurchased 2.0 million shares of Class A common stock in September 2025.

Asset Quality

The allowance for credit losses increased to $26.1 million at March 31, 2026 from $24.7 million a year earlier. The allowance represented 1.16% of total loans, down from 1.22% at March 31, 2025.

Non-performing loans totaled $3.6 million, or 0.16% of total loans, compared to $4.2 million, or 0.20%, at March 31, 2025. The provision for credit loss was $801,000 for the quarter, up from $681,000 in the first quarter of 2025.

Non-interest income rose 11.7% to $4.2 million for the three months ended March 31, 2026, compared to $3.7 million in the prior-year period. Non-interest expense increased 13.8% to $13.7 million from $12.1 million, but decreased $564,000 from the fourth quarter of 2025 due to the absence of one-time expenses related to incentive compensation and legal fees.