USCB Q1 profit rises 22% on higher interest income

Uscb Financial Holdings

23/04/2026 21:39

Overview

Florida community bank's Q1 net income rose 22% yr/yr, diluted EPS increased to $0.51

Net interest income for Q1 grew 15.3% yr/yr, reflecting continued margin resilience

Company declared quarterly dividend of $0.125 per share for Class A common stock

Outlook

Company did not provide specific guidance or outlook for the current or future periods

Result Drivers

NET INTEREST INCOME GROWTH - Co said 15.3% yr/yr increase in net interest income reflected effective asset deployment and continued margin resilience

NON-INTEREST INCOME - Non-interest income rose 11.7% yr/yr, with higher service fees and other income contributing to results

TAX BENEFIT - Co recognized a $619,000 income tax benefit in Q1 due to an adjustment to the deferred tax asset calculation from 2025

Company press release: ID:nGNX2w1Zw6

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.51
Q1 Net Income
$9.35 mln
Q1 Loan Loss Provision
$801,000


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "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 $21.25, about 9.8% above its April 22 closing price of $19.35

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)