USCB Financial Holdings, Inc. reported net income of $9.5 million, or $0.51 per fully diluted share, for the quarter ended September 30, 2026. This represents an increase from the $8.9 million, or $0.45 per share, reported for the same period in 2025. The company stated that this quarterly net income was the highest since its initial public offering in 2021, and that net income for the first nine months of 2026 ($28.0 million) has already surpassed full-year net income for every year since the IPO.
For the quarter, the company reported an annualized return on average assets (ROAA) of 1.27% and an annualized return on average stockholders’ equity (ROAE) of 16.03%. Net interest income before provision for credit losses increased by 14.2% to $24.3 million, driven by a net interest margin expansion of 23 basis points to 3.37%.
On the balance sheet, total assets grew to $3.0 billion, an increase of $243.5 million or 8.8% year-over-year. Total loans held for investment increased by 9.0% to $2.3 billion, while total deposits decreased by 0.4% to $2.4 billion. Total stockholders’ equity increased by 9.7% to $229.4 million, though this includes an accumulated other comprehensive loss of $43.3 million.
Asset quality metrics showed the allowance for credit losses increased to $27.0 million, while the provision for credit losses was $53 thousand. The ratio of non-performing loans to total loans was 0.33%.
The company’s Board of Directors declared a quarterly cash dividend of $0.125 per share of Class A common stock on October 19, 2026. The dividend is scheduled to be paid on December 4, 2026, to shareholders of record as of November 16, 2026.
USCB Financial will host an earnings conference call on Friday, October 23, 2026, at 11:00 a.m. Eastern Time to discuss the results.
