Earnings release
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1 Exhibit 99.1 EARNINGS RELEASE USCB Financial Holdings, Inc. Reports Third Quarter 2026 Fully Diluted EPS of $0.51, ROAA of 1.27%, and ROAE of 16.03% MIAMI, FL – October 22, 2026 – USCB Financial Holdings, Inc. (the “Company”) (NASDAQ: USCB), the holding company forU.S. Century Bank (the “Bank”) , reported net incomeof $9.5 million or $0.51 per fully diluted share for the three months endedSeptember 30, 2026, compared with net income of $8.9 million or $0.45 per fully diluted share for the same period in 2025. “Third quarter net income of $9.5 million was the highest quarterly net income since our initial public offering in 2021, and net incomeof $28.0 million for the first nine months of 2026 has already surpassed full -year net income for every year since our IPO," said Luis dela Aguilera, Chairman, President and CEO. "We delivered a return on average equity of 16.03% and a return on average assets of 1.27%.Compared with the third quarter of 2025, net interest income grew 14.2%, loans grew 9.0%, and our net interest margin expanded 23basis points to 3.37%. We remain focused on disciplined growth and building long-term value for our shareholders." Unless otherwise stated, all percentage comparisons in the bullet points below are calculated at or for the quarter ended September 30,2026 compared to at or for the quarter ended September 30, 2025 and annualized where appropriate . Profitability • Annualized return on average assets for the quarter s ended September 30, 2026 and 2025 was 1.27% . • Annualized return on average stockholders’ equity for the quarter ended September 30, 2026 was 16.03% compared to 15.74% forthe third quarter of 2025. • The efficiency ratio for the quarter ended September 30, 2026 was 54.62% compared to 52.28% for the third quarterof2 • Net interest margin for the quarter ended September 30, 2026 was 3.37% compared to 3.14 % for the third quarter of 2025. • Net interest income before provision for credit losses was $24.3 million for the quarter ended September 30, 2026, an increase of$3.0 million or 14.2% compared to $21.3 million for the same period in 2025. Balance Sheet • Total assets were $3.0 billion at September 30, 2026, representing an increase of $243.5 million or 8.8% from $2.8 billion atSeptember 30, 2025 . • Total loans held for investment were $2.3 billion at September 30, 2026, representing an increase of $191.1 million or 9.0% from$2.1 billion at September 30, 2025. • Total deposits were $2.4 billion at September 30, 2026, representing a decrease of $9.3 million or 0.4% from $2.5 billion atSeptember 30, 2025. • Total stockholders’ equity was $229.4 million at September 30, 2026, representing an increase of $20.3 million or 9.7% from $209.1million at September 30, 2025. Total stockholders’ equity included accumulated other comprehensive loss of $43.3 million atSeptember 30, 2026 compared to accumulated other comprehensive loss of $37.8 million at September 30, 2025. Asset Quality • The allowance for credit losses (“ACL”) increased by $2.1 million to $27.0 million at September 30, 2026 from $25.0 million atSeptember 30, 2025. • The ACL represented 1.16% of total loans at September 30, 2026 and 1.17% of total loans at September 30, 2025.
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2 • The provision for credit losses was $53 thousand for the quarter ended September 30, 2026, a decrease of $52 thousand comparedto $105 thousand for the same period in 2025. • The ratio of non-performing loans to total loans was 0.33% for the quarter ended September 30, 2026 and 0.06% for the quarterended September 30, 2025. Non-performing loans totaled $7.7 million at September 30, 2026 and $1.3 million at September 30,2025. Non-interest Income and Non-interest Expense • Non-interest income was $2.7 million for the three months ended September 30, 2026, a decreaseof$1.0 million or 27.5% comparedto $3.7 million for the same period in 2025. • Non-interest expense was $14.7 million for the three months ended September 30, 2026, an increase of $1.7 million or 12.9%compared to $13.0 million for the three months ended September 30, 2025. Capital • On October 19, 2026, the Company’s Board of Directors declared a quarterly cash dividend of $0. 125 per share of the Company’sClass A common stock. The dividend will be paid on December 4, 2026 to shareholders of record at the close of business onNovember 16, 202 6. • As of September 30, 2026,total risk-based capital ratios for the Company and the Bank were 14.07% and 13.93%, respectively,well in excess of the well-capitalized minimum threshold regulatory requirements . • Tangible book value per common share (non-GAAP financial measure) was $12.42 at September 30, 2026, representing an increaseof $0.87 or 7.6% from $11.55 at September 30, 2025 . At September 30, 2026, tangible book value per common share was negativelyaffected by ($2.35) per share due to an accumulated other comprehensive loss of $43.3 million primarily due to changes in themarket value of the Company’s available for sale securities. At September 30, 2025, tangible book value per common share wasnegatively affected by ($2.09) per share due to an accumulated other comprehensive loss of $37.8 million. Conference Call and Webcast The Company will host a conference call on Friday, October 23, 2026 , at 11:00 a.m. Eastern Time to discuss the Company’s unauditedfinancial results for the quarter ended September 30, 2026 . To access the conference call, dial (833) 816-1416 (U.S. toll-free) and askto join the USCB Financial Holdings Call . Additionally, interested parties can listen to a live webcast of the call in the “Investor Relations” section of the Company’s websiteatwww.uscentury.com . An archived version of the webcast will be available in the same location shortly after the live call has ended. About USCB Financial Holdings, Inc. USCB Financial Holdings, Inc. is the bank holding company for U.S. Century Bank. Established in 2002, U.S. Century Bank is one ofthe largest community banks headquartered in Miami, and one of the largest community banks in the State of Florida. U.S. CenturyBank is rated 5-Stars by BauerFinancial, the nation’s leading independent bank rating firm. U.S. Century Bank offers customers a widerange of financial products and services and supports numerous community organizations, including the Greater Miami Chamber oCommerce, the South Florida Hispanic Chamber of Commerce, and ChamberSouth. For more information about us or to find a bankingcenter near you, please call (305) 715 -5200 or visit www.uscentury.com. Forward-Looking Statements This earnings release may contain statements that are not historical in nature and are intended to be, and are hereby identified as, forward-looking statements for purposes of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended.Forward-looking statements are those that are not historical facts. The words “may,” “will,” “anticipate,” “could,” “should,” “would,”“believe,” “contemplate,” “expect,” “aim,” “plan,” “estimate,” “seek,” “continue,” and “intend,” the negative of these terms, as well asother similar words and expressions of the future, are intended to identify forward -looking statements. These forward -looking statementsinclude, but are not limited to, statements related to our projected growth, anticipated future financial performance, and management’slong-term performance goals, as well as statements relating to the anticipated effects on our results of operations and financial conditionfrom expected or potential developments or events, or business and growth strategies, including anticipated internal growth and potentialfuture additional balance sheet restructuring. These forward -looking statements involve significant risks and uncertainties that could cause our actual results to differ materially fromthose anticipated in such statements. Potential risks and uncertainties include, but are not limited to:
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3 • the strength of the United States economy in general and the strength of the local economies in which we conduct operations;• our ability to successfully manage interest rate risk, credit risk, liquidity risk, and other risks inherent to our industry; • the accuracy of our financial statement estimates and assumptions, including the estimates used for our allowance for credit losses;• the efficiency and effectiveness of our internal control procedures and processes; • our ability to comply with the extensive laws and regulations to which we are subject, including the laws for each jurisdiction wherewe operate; • adverse changes or conditions in capital and financial markets, including actual or potential stresses in the banking industry;• deposit attrition and the level of our uninsured deposits; • legislative or regulatory changes , including the enactment of the One Big Beautiful Bill and changes in accounting principles,policies, practices or guidelines; • the lack of a significantly diversified loan portfolio and our concentration in the South Florida market, including the risks ofgeographic, depositor, and industry concentrations, including our concentration in loans secured by real estate, in particular,commercial real estate; • the effects of climate change; • the concentration of ownership of our common stock; • fluctuations in the price of our common stock; • our ability to fund or access the capital markets at attractive rates and terms and manage our growth, both organic growth as wellas growth through other means, such as potential future acquisitions; • inflation, interest rate, unemployment rate, and market and monetary fluctuations; • the effects of potential new or increased tariffs, retaliatory tariffs and trade restrictions; • the impact of international hostilities and geopolitical events; • increased competition and its effect on the pricing of our products and services as well as our interest rate spread and net interestmargin; • the loss of key employees ; • the effectiveness of our risk management strategies, including operational risks, including, but not limited to, client, employee, orthird-party fraud and security breaches; and • other risks described in this earnings release and other filings we make with the Securities and Exchange Commission (“SEC”). All forward -looking statements are necessarily only estimates of future results, and there can be no assurance that actual results willnot differ materially from expectations. Therefore, you are cautioned not to place undue reliance on any forward -looking statements.Further, any forward -looking statements included in this earnings release are made only as of the date hereof, and we undertake noobligation to update or revise any forward -looking statement to reflect events or circumstances occurring after the date on which thestatements are made or to reflect the occurrence of unanticipated events, unless required to do so under the federal securities laws. Youshould also review the risk factors described in the reports the Company has filed or will file with the SEC. Non-GAAP Financial Measures This earnings release includes financial information determined by methods other than in accordance with generally accepted accountingprinciples (“GAAP”). This financial information includes certain operating performance measures. Management has included these non-GAAP measures because it believes these measures may provide useful supplemental information for evaluating the Company’soperations and underlying performance trends. Further, management uses these measures in managing and evaluating the Company’sbusiness and intends to refer to them in discussions about our operations and performance. Operating performance measures should beviewed in addition to, and not as an alternative to or substitute for, measures determined in accordance with GAAP, and are notnecessarily comparable to non-GAAP measures that may be presented by other companies. Reconciliations of these non-GAAPmeasures to the most directly comparable GAAP measures can be found in the ‘Non-GAAP Reconciliation Tables’ included in theexhibits to this earnings release. All numbers included in this press release are unaudited unless otherwise noted. Contacts: Investor Relations InvestorRelations@uscentury.com Media Relations Martha Guerra-Kattou MGuerra@uscentury.com
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4 USCB FINANCIAL HOLDINGS, INC. CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (Dollars in thousands, except per share data) Three Months Ended September 30, Nine Months EndedSeptember 30,2026 2025 2026 202 Interest income: Loans, including fees $ 35,547 $ 32,866 $ 103,235 $ Investment securities 4,013 3,522 11,282 Interest-bearing deposits in financial institutions 639 1,332 2,294 Total interest income 40,199 37,720 116,811 Interest expense: Interest-bearing checking deposits 357 286 978 Savings and money market deposits 8,554 10,343 25,165 Time deposits 4,974 5,036 14,302 FHLB advances 1,213 377 3,229 Subordinated notes 801 404 2,402 Total interest expense 15,899 16,446 46,076 Net interest income before provision for credit losses 24,300 21,274 70,735 Provision for credit losses 53 105 2,121 Net interest income after provision for credit losses 24,247 21,169 68,614 Non-interest income: Service fees 1,542 2,661 7,243 Gain (loss) on sale of securities available-for-sale, net - (28) 14 Gain on sale of loans held for sale, net 165 128 271 Other non-interest income 965 923 2,854 Total non-interest income 2,672 3,684 10,382 Non-interest expense: Salaries and employee benefits 9,295 7,909 26,402 Occupancy 1,352 1,382 4,037 Regulatory assessments and fees 392 377 1,273 Consulting and legal fees 663 585 1,807 Network and information technology services 802 656 1,886 Other operating expense 2,227 2,139 7,003 Total non-interest expense 14,731 13,048 42,408 Income before income tax expense 12,188 11,805 36,588 Income tax expense 2,660 2,866 8,631 Net income $ 9,528 $ 8,939 $ 27,957 $ Per share information: Net income per common share, basic $ 0.52 $ 0.46 $ 1.52 $ Net income per common share, diluted $ 0.51 $ 0.45 $ 1.51 $ Cash dividends declared $ 0.125 $ 0.10 $ 0.375 $ Weighted average shares outstanding: Common shares, basic 18,467,835 19,524,798 18,343,870 19,8 Common shares, diluted 18,662,385 19,755,820 18,518,527 20,
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5 USCB FINANCIAL HOLDINGS, INC. SELECTED FINANCIAL DATA (UNAUDITED) (Dollars in thousands, except per share data) As of or For the Three Months Ended 9/30/2026 6/30/2026 3/31/2026 12/31/2025 9/30/ Income statement data: Net interest income before provision for credit losses $ 24,300 $ 24,387 $ 22,048 $ 22,207 $ Provision for credit losses 53 1,267 801 480 Net interest income after provision for credit losses 24,247 23,120 21,247 21,727 Service fees 1,542 2,601 3,100 2,209 Gain (loss) on sale of securities available for sale, net - - 14 (7,498) Gain on sale of loans held for sale, net 165 - 106 197 Other non-interest income 965 959 930 914 Total non-interest income 2,672 3,560 4,150 (4,178) Salaries and employee benefits 9,295 8,537 8,570 8,668 Occupancy 1,352 1,369 1,316 1,327 Regulatory assessments and fees 392 397 484 443 Consulting and legal fees 663 583 561 900 Network and information technology services 802 524 560 599 Other operating expense 2,227 2,556 2,220 2,338 Total non-interest expense 14,731 13,966 13,711 14,275 Income before income tax expense 12,188 12,714 11,686 3,274 Income tax expense 2,660 3,636 2,335 1,911 Net income $ 9,528 $ 9,078 $ 9,351 $ 1,363 $ Per share information: Net income per common share, basic $ 0.52 $ 0.49 $ 0.51 $ 0.08 $ Net income per common share, diluted $ 0.51 $ 0.49 $ 0.51 $ 0.07 $ Cash dividends declared $ 0.125 $ 0.125 $ 0.125 $ 0.10 $ Balance sheet data (at period-end): Cash and cash equivalents $ 92,727 $ 118,154 $ 78,963 $ 38,477 $ Securities available -for-sale $ 342,624 $ 332,859 $ 277,160 $ 307,490 $ 3 Securities held-to-maturity $ 133,101 $ 136,127 $ 149,931 $ 153,941 $ Total securities $ 475,725 $ 468,986 $ 427,091 $ 461,431 $ 4 Loans held for investment (1) $ 2,322,094 $ 2,322,385 $ 2,241,051 $ 2,189,257 $ 2, Allowance for credit losses $ (27,018) $ (26,701) $ (26,102) $ (25,500) $ Total assets $ 3,011,481 $ 3,019,701 $ 2,845,735 $ 2,791,540 $ 2, Non-interest -bearing demand deposits $ 601,792 $ 618,062 $ 620,714 $ 583,860 $ 5 Interest-bearing deposits $ 1,844,523 $ 1,834,209 $ 1,872,866 $ 1,761,220 $ 1,8 Total deposits $ 2,446,315 $ 2,452,271 $ 2,493,580 $ 2,345,080 $ 2,4 FHLB advances $ 232,000 $ 240,900 $ 53,000 $ 158,250 $ Subordinated notes $ 39,414 $ 39,376 $ 39,338 $ 39,300 $ Total liabilities $ 2,782,119 $ 2,786,463 $ 2,622,489 $ 2,574,357 $ 2,5 Total stockholders' equity $ 229,362 $ 233,238 $ 223,246 $ 217,183 $ 2 Capital ratios:(2) Leverage ratio 8.88% 8.81% 8.61% 8.46% Common equity tier 1 capital 11.23% 11.01% 11.09% 10.92% Tier 1 risk-based capital 11.23% 11.01% 11.09% 10.92% Total risk-based capital 14.07% 13.88% 14.09% 13.91% (1) Loan amounts include deferred fees/costs. (2) Reflects the Company's regulatory capital ratios. The Bank's total risk -based capital ratio at September 30, 2026 was 13.93%.
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6 USCB FINANCIAL HOLDINGS, INC. AVERAGE BALANCES, RATIOS, AND OTHER DATA (UNAUDITED) (Dollars in thousands) As of or For the Three Months Ended 9/30/2026 6/30/2026 3/31/2026 12/31/2025 9/30/ Average balance sheet data: Cash and cash equivalents $ 81,521 $ 87,949 $ 112,107 $ 82,338 $ Securities available -for-sale $ 334,203 $ 314,581 $ 295,065 $ 332,356 $ 2 Securities held-to-maturity $ 134,917 $ 140,533 $ 152,144 $ 155,269 $ Total securities $ 469,120 $ 455,114 $ 447,209 $ 487,625 $ 4 Loans held for investment(1) $ 2,309,091 $ 2,258,965 $ 2,177,734 $ 2,130,898 $ 2,0 Total assets $ 2,965,481 $ 2,900,725 $ 2,834,717 $ 2,799,863 $ 2, Interest-bearing deposits $ 1,900,985 $ 1,856,763 $ 1,842,283 $ 1,857,218 $ 1,8 Non-interest -bearing demand deposits $ 610,271 $ 632,198 $ 584,784 $ 595,969 $ 5 Total deposits $ 2,511,256 $ 2,488,961 $ 2,427,067 $ 2,453,187 $ 2,4 FHLB advances $ 121,110 $ 100,685 $ 110,045 $ 51,462 $ Subordinated notes $ 39,389 $ 39,351 $ 39,313 $ 39,287 $ Total liabilities $ 2,729,596 $ 2,671,792 $ 2,612,491 $ 2,587,470 $ 2,5 Total stockholders' equity $ 235,885 $ 228,933 $ 222,226 $ 212,393 $ 2 Performance ratios: Return on average assets(2) 1.27% 1.26% 1.34% 0.19% Return on average equity(2) 16.03% 15.90% 17.07% 2.55% Net interest margin(2) 3.37% 3.49% 3.27% 3.27% Non-interest income to average assets(2) 0.36% 0.49% 0.59% (0.59)% Non-interest expense to average assets(2) 1.97% 1.93% 1.96% 2.02% Efficiency ratio(3) 54.62% 49.97% 52.34% 79.18% Loans by type (at period end):(4) Residential real estate $ 347,565 $ 356,747 $ 346,917 $ 307,692 $ 3 Commercial real estate $ 1,349,240 $ 1,314,367 $ 1,259,642 $ 1,244,835 $ 1,2 Commercial and industrial $ 298,362 $ 300,265 $ 291,333 $ 295,548 $ 2 Correspondent banks $ 128,168 $ 137,912 $ 128,722 $ 127,968 $ Consumer and other $ 193,688 $ 207,404 $ 207,794 $ 207,215 $ 2 Asset quality data: Allowance for credit losses to total loans 1.16% 1.15% 1.16% 1.16% Allowance for credit losses to non -performing loans 351% 1243% 717% 813% Total non-performing loans(5) $ 7,689 $ 2,148 $ 3,640 $ 3,138 $ Non-performing loans to total loans 0.33% 0.09% 0.16% 0.14% Non-performing assets to total assets(5) 0.26% 0.07% 0.13% 0.11% Net charge-offs (recoveries of) to average loans(2) 0.00% 0.05% (0.00)% (0.00)% Net charge-offs (recoveries) of credit losses $ 23 $ 288 $ (4) $ (11) $ Interest rates and yields:(2) Loans held for investment 6.11% 6.20% 6.11% 6.16% Investment securities 3.34% 3.35% 3.05% 3.01% Total interest -earning assets 5.57% 5.67% 5.49% 5.54% Deposits(6) 2.19% 2.16% 2.20% 2.28% FHLB advances 3.97% 3.89% 3.83% 3.91% Subordinated notes 8.07% 8.15% 8.26% 8.09% Total interest -bearing liabilities 3.06% 3.05% 3.05% 3.14% Other information: Full-time equivalent employees 222 216 211 204 (1) Loan amounts include deferred fees/costs. (2) Annualized. (3) Efficiency ratio is defined as total non-interest expense divided by the sum of net interest income and total non -interest income. (4) Loan amounts exclude deferred fees/costs. (5) The amounts for total non-performing loans and total non-performing assets are the same at the dates presented since there was no other real estateowned (OREO)recorded at any of the dates presented. (6) Reflects effect of non -interest -bearing deposits.
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7 USCB FINANCIAL HOLDINGS, INC. NET INTEREST MARGIN (UNAUDITED) (Dollars in thousands) Three Months Ended September 30, 2026 2025 Average Balance Interest Yield/Rate(1) Average Balance Interest Yield Assets Interest-earning assets: Loans held for investment(2) $ 2,309,091 $ 35,547 6.11% $ 2,099,043 $ 32,866 Investment securities(3) 476,825 4,013 3.34% 461,303 3,522 Other interest-earning assets 75,399 639 3.36% 130,740 1,332 Total interest -earning assets 2,861,315 40,199 5.57% 2,691,086 37,720 Non-interest -earning assets 104,166 107,029 Total assets $ 2,965,481 $ 2,798,115 Liabilities and stockholders' equity Interest-bearing liabilities: Interest-bearing checking deposits $ 68,264 357 2.07% $ 47,338 286 Savings and money market deposits 1,286,075 8,554 2.64% 1,319,862 10,343 Time deposits 546,646 4,974 3.61% 520,345 5,036 Total interest -bearing deposits 1,900,985 13,885 2.90% 1,887,545 15,665 FHLB advances 121,110 1,213 3.97% 40,065 377 Subordinated notes 39,389 801 8.07% 26,029 404 Total interest -bearing liabilities 2,061,484 15,899 3.06% 1,953,639 16,446 Non-interest -bearing demand deposits 610,271 569,522 Other non-interest -bearing liabilities 57,841 49,638 Total liabilities 2,729,596 2,572,799 Stockholders' equity 235,885 225,316 Total liabilities and stockholders' equity $ 2,965,481 $ 2,798,115 Net interest income $ 24,300 $ 21,274 Net interest spread(4) 2.51% Net interest margin(5) 3.37% (1) Annualized. (2) Average loan balances include non-accrual loans. Interest income on loans includes accretion of deferred loan fees, net of deferred loancosts.(3) At fair value except for securities held-to-maturity. This amount includes FHLB stock. (4) Net interest spread is the average yield earned on total interest -earning assets minus the average rate paid on total interest -bearing liabilities. (5) Net interest margin is the ratio of net interest income to total interest -earning assets.
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8 USCB FINANCIAL HOLDINGS, INC. NON-GAAP FINANCIAL MEASURES (UNAUDITED) (Dollars in thousands) As of or For the Three Months Ended 9/30/2026 6/30/2026 3/31/2026 12/31/2025 9/30/ Pre-tax pre-provision ("PTPP") income:(1) Net income $ 9,528 $ 9,078 $ 9,351 $ 1,363 $ Plus: Income tax expense 2,660 3,636 2,335 1,911 Plus: Provision for credit losses 53 1,267 801 480 PTPP income $ 12,241 $ 13,981 $ 12,487 $ 3,754 $ PTPP return on average assets:(1) PTPP income $ 12,241 $ 13,981 $ 12,487 $ 3,754 $ Average assets $ 2,965,481 $ 2,900,725 $ 2,834,717 $ 2,799,863 $ 2,7 PTPP return on average assets(2) 1.64% 1.93% 1.79% 0.53% Operating net income:(1) Net income $ 9,528 $ 9,078 $ 9,351 $ 1,363 $ Less: Net gain (loss) on sale of securities - - 14 (7,498) Less: Tax effect on sale of securities - - (4) 1,900 Plus: Tax (benefit) liability expense from prior periods - - (619) (3) 1,096 (4) Operating net income $ 9,528 $ 9,078 $ 8,722 $ 8,057 $ Operating return on average assets:(1) Operating net income $ 9,528 $ 9,078 $ 8,722 $ 8,057 $ Average assets $ 2,965,481 $ 2,900,725 $ 2,834,717 $ 2,799,863 $ 2,7 Operating net income return on average assets(2) 1.27% 1.26% 1.25% 1.14% Operating return on average equity:(1) Operating net income $ 9,528 $ 9,078 $ 8,722 $ 8,057 $ Average equity $ 235,885 $ 228,933 $ 222,226 $ 212,393 $ 2 Operating net income return on average equity(2) 16.03% 15.90% 15.92% 15.05% Operating revenue:(1) Net interest income $ 24,300 $ 24,387 $ 22,048 $ 22,207 $ Non-interest income 2,672 3,560 4,150 (4,178) Less: Net gain (loss) on sale of securities - - 14 (7,498) Operating revenue $ 26,972 $ 27,947 $ 26,184 $ 25,527 $ Operating efficiency ratio:(1) Total non-interest expense $ 14,731 $ 13,966 $ 13,711 $ 14,275 $ Operating revenue $ 26,972 $ 27,947 $ 26,184 $ 25,527 $ Operating efficiency ratio 54.62% 49.97% 52.36% 55.92% (1) The Company believes these non-GAAP financial measurements are key indicators of the ongoing earnings power of the Company. (2) Annualized. (3) The Company recognized a $619 thousand income tax benefit in the first quarter of 2026 due to an adjustment to the defer red tax asset calculation from 2025.(4) State tax liability expenses for 2024 and for the first three quarters of 2025 were recognized during the fourth quarter of 2025. The state tax expense isrelated totaxes due on interest income on loans whose collateral is located outside of the State of Florida.
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9 USCB FINANCIAL HOLDINGS, INC. NON-GAAP FINANCIAL MEASURES (UNAUDITED) (Dollars in thousands, except per share data) As of or For the Three Months Ended 9/30/2026 6/30/2026 3/31/2026 12/31/2025 9/30/ Tangible book value per common share (at period-end):(1) Total stockholders' equity $ 229,362 $ 233,238 $ 223,246 $ 217,183 $ 2 Less: Intangible assets - - - - Tangible stockholders' equity(3) $ 229,362 $ 233,238 $ 223,246 $ 217,183 $ 2 Total shares issued and outstanding (at period-end): Total common shares issued and outstanding 18,465,077 18,459,470 18,257,400 18,137,885 18, Tangible book value per common share(2) $ 12.42 $ 12.64 $ 12.23 $ 11.97 $ Operating diluted net income per common share:(1) Operating net income $ 9,528 $ 9,078 $ 8,722 $ 8,057 $ Total weighted average diluted shares of common stock 18,662,385 18,509,572 18,454,006 18,348,725 19, Operating diluted net income per common share: $ 0.51 $ 0.49 $ 0.47 $ 0.44 $ Tangible Common Equity/Tangible Assets(1) Tangible stockholders' equity(3) $ 229,362 $ 233,238 $ 223,246 $ 217,183 $ 2 Tangible total assets(3) $ 3,011,481 $ 3,019,701 $ 2,845,735 $ 2,791,540 $ 2, Tangible Common Equity/Tangible Assets 7.62% 7.72% 7.84% 7.78% (1) The Company believes these non-GAAP financial measurements are key indicators of the ongoing earnings power of the Company. (2) Excludes the dilutive effect, if any, of shares of common stock issuable upon exercise of outstanding stock options. (3) Since the Company has no intangible assets, tangible stockholders’ equity and tangible total assets are the same amounts as stockholders’ equity and total assets,respectively, as calculated under GAAP.