Annual Income Statements for USCB Financial
This table shows USCB Financial's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for USCB Financial
This table shows USCB Financial's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Income / (Loss) Attributable to Common Shareholders |
|
5.56 |
4.43 |
5.81 |
4.20 |
3.82 |
2.72 |
4.61 |
6.21 |
6.95 |
6.90 |
Consolidated Net Income / (Loss) |
|
5.56 |
4.43 |
5.81 |
4.20 |
3.82 |
2.72 |
4.61 |
6.21 |
6.95 |
6.90 |
Net Income / (Loss) Continuing Operations |
|
5.56 |
4.17 |
5.81 |
4.20 |
3.82 |
2.72 |
4.61 |
6.21 |
6.95 |
6.90 |
Total Pre-Tax Income |
|
7.52 |
5.85 |
7.69 |
5.53 |
5.07 |
3.51 |
6.04 |
8.18 |
9.16 |
9.10 |
Total Revenue |
|
19 |
16 |
18 |
16 |
16 |
16 |
18 |
21 |
22 |
23 |
Net Interest Income / (Expense) |
|
17 |
17 |
16 |
14 |
14 |
14 |
15 |
17 |
18 |
19 |
Total Interest Income |
|
18 |
21 |
22 |
24 |
26 |
28 |
31 |
33 |
34 |
34 |
Loans and Leases Interest Income |
|
16 |
18 |
20 |
21 |
23 |
25 |
27 |
28 |
30 |
31 |
Investment Securities Interest Income |
|
2.20 |
2.31 |
2.29 |
2.38 |
2.83 |
2.51 |
2.81 |
3.07 |
2.75 |
2.85 |
Deposits and Money Market Investments Interest Income |
|
0.32 |
0.46 |
0.38 |
1.05 |
1.03 |
0.66 |
1.43 |
1.53 |
0.99 |
0.56 |
Total Interest Expense |
|
1.70 |
3.73 |
6.38 |
10 |
12 |
14 |
16 |
15 |
15 |
15 |
Deposits Interest Expense |
|
1.52 |
3.52 |
5.89 |
9.31 |
12 |
12 |
14 |
14 |
14 |
13 |
Short-Term Borrowings Interest Expense |
|
0.18 |
0.22 |
0.50 |
0.79 |
0.69 |
1.41 |
1.67 |
1.62 |
1.59 |
1.46 |
Total Non-Interest Income |
|
1.79 |
-0.12 |
2.07 |
1.85 |
2.16 |
1.33 |
2.46 |
3.21 |
3.44 |
3.63 |
Other Service Charges |
|
1.08 |
-0.49 |
0.54 |
0.58 |
1.53 |
-1.40 |
0.75 |
0.80 |
0.79 |
-0.89 |
Net Realized & Unrealized Capital Gains on Investments |
|
-0.23 |
-1.78 |
0.33 |
0.09 |
-0.70 |
-0.78 |
0.07 |
0.43 |
0.11 |
0.15 |
Investment Banking Income |
|
0.93 |
1.09 |
1.21 |
1.17 |
1.33 |
1.35 |
1.65 |
1.98 |
2.54 |
2.67 |
Provision for Credit Losses |
|
0.91 |
0.88 |
0.20 |
0.04 |
0.65 |
1.48 |
0.41 |
0.79 |
0.93 |
1.03 |
Total Non-Interest Expense |
|
10 |
10 |
10 |
10 |
10 |
11 |
11 |
12 |
11 |
13 |
Salaries and Employee Benefits |
|
6.08 |
6.08 |
6.38 |
5.88 |
6.07 |
6.10 |
6.31 |
7.35 |
7.20 |
7.93 |
Net Occupancy & Equipment Expense |
|
1.77 |
1.74 |
1.78 |
1.82 |
1.83 |
1.81 |
1.82 |
1.75 |
1.85 |
1.83 |
Property & Liability Insurance Claims |
|
0.60 |
0.37 |
0.36 |
0.39 |
0.51 |
0.64 |
0.59 |
0.26 |
0.16 |
0.55 |
Other Operating Expenses |
|
1.68 |
1.82 |
1.66 |
2.36 |
2.05 |
2.16 |
2.45 |
2.20 |
2.24 |
2.54 |
Income Tax Expense |
|
1.96 |
1.42 |
1.88 |
1.33 |
1.25 |
0.79 |
1.43 |
1.97 |
2.21 |
2.20 |
Basic Earnings per Share |
|
$0.28 |
$0.23 |
$0.29 |
$0.21 |
$0.20 |
$0.14 |
$0.23 |
$0.32 |
$0.35 |
$0.35 |
Weighted Average Basic Shares Outstanding |
|
- |
19.62M |
19.62M |
19.54M |
19.54M |
0.00 |
19.65M |
19.62M |
19.84M |
0.00 |
Diluted Earnings per Share |
|
$0.28 |
$0.22 |
$0.29 |
$0.21 |
$0.19 |
$0.15 |
$0.23 |
$0.31 |
$0.35 |
$0.35 |
Weighted Average Diluted Shares Outstanding |
|
- |
19.62M |
19.62M |
19.54M |
19.54M |
0.00 |
19.65M |
19.62M |
19.84M |
0.00 |
Weighted Average Basic & Diluted Shares Outstanding |
|
- |
19.62M |
19.62M |
19.54M |
19.54M |
19.65M |
19.65M |
19.62M |
19.84M |
20.05M |
Annual Cash Flow Statements for USCB Financial
This table details how cash moves in and out of USCB Financial's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
|
2020 |
2021 |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
|
12 |
-1.51 |
7.94 |
-13 |
36 |
Net Cash From Operating Activities |
|
13 |
22 |
30 |
23 |
34 |
Net Cash From Continuing Operating Activities |
|
13 |
22 |
30 |
23 |
34 |
Net Income / (Loss) Continuing Operations |
|
11 |
21 |
20 |
17 |
25 |
Consolidated Net Income / (Loss) |
|
11 |
21 |
20 |
17 |
25 |
Provision For Loan Losses |
|
3.25 |
-0.16 |
2.50 |
2.37 |
3.16 |
Depreciation Expense |
|
1.27 |
1.03 |
0.69 |
0.59 |
0.59 |
Amortization Expense |
|
-2.30 |
-3.16 |
-1.06 |
-0.95 |
0.14 |
Non-Cash Adjustments to Reconcile Net Income |
|
-1.80 |
-3.30 |
1.10 |
-0.09 |
-0.32 |
Changes in Operating Assets and Liabilities, net |
|
1.86 |
6.55 |
6.18 |
4.09 |
5.86 |
Net Cash From Investing Activities |
|
-179 |
-359 |
-271 |
-273 |
-212 |
Net Cash From Continuing Investing Activities |
|
-179 |
-359 |
-271 |
-273 |
-212 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-0.35 |
-0.63 |
-0.67 |
-0.16 |
-0.31 |
Purchase of Investment Securities |
|
-298 |
-495 |
-400 |
-442 |
-298 |
Sale of Property, Leasehold Improvements and Equipment |
|
0.00 |
1.65 |
0.00 |
0.00 |
0.00 |
Sale and/or Maturity of Investments |
|
120 |
134 |
130 |
169 |
86 |
Net Cash From Financing Activities |
|
178 |
336 |
249 |
237 |
214 |
Net Cash From Continuing Financing Activities |
|
178 |
336 |
249 |
237 |
214 |
Net Change in Deposits |
|
256 |
317 |
239 |
108 |
237 |
Issuance of Debt |
|
79 |
0.00 |
126 |
529 |
227 |
Issuance of Common Equity |
|
0.02 |
40 |
0.10 |
0.08 |
1.32 |
Repayment of Debt |
|
-154 |
0.00 |
-116 |
-392 |
-247 |
Repurchase of Preferred Equity |
|
0.00 |
-19 |
0.00 |
0.00 |
0.00 |
Repurchase of Common Equity |
|
- |
- |
0.00 |
-7.58 |
-0.50 |
Payment of Dividends |
|
-3.13 |
-2.08 |
0.00 |
0.00 |
-3.94 |
Cash Interest Paid |
|
8.84 |
4.29 |
7.31 |
41 |
61 |
Quarterly Cash Flow Statements for USCB Financial
This table details how cash moves in and out of USCB Financial's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Change in Cash & Equivalents |
|
-9.95 |
-19 |
9.08 |
24 |
-54 |
7.63 |
85 |
-49 |
-39 |
39 |
Net Cash From Operating Activities |
|
11 |
-2.03 |
9.00 |
11 |
8.34 |
-5.98 |
8.03 |
18 |
11 |
-3.05 |
Net Cash From Continuing Operating Activities |
|
11 |
-2.03 |
9.00 |
11 |
8.34 |
-5.98 |
8.03 |
18 |
11 |
-3.05 |
Net Income / (Loss) Continuing Operations |
|
5.56 |
4.43 |
5.81 |
4.20 |
3.82 |
2.72 |
4.61 |
6.21 |
6.95 |
6.90 |
Consolidated Net Income / (Loss) |
|
5.56 |
4.43 |
5.81 |
4.20 |
3.82 |
2.72 |
4.61 |
6.21 |
6.95 |
6.90 |
Provision For Loan Losses |
|
0.91 |
0.88 |
0.20 |
0.04 |
0.65 |
1.48 |
0.41 |
0.79 |
0.93 |
1.03 |
Depreciation Expense |
|
0.17 |
0.16 |
0.15 |
0.15 |
0.15 |
0.15 |
0.14 |
0.15 |
0.15 |
0.15 |
Amortization Expense |
|
-0.75 |
-0.11 |
-0.13 |
-0.21 |
-0.55 |
-0.07 |
-0.14 |
0.01 |
0.42 |
-0.16 |
Non-Cash Adjustments to Reconcile Net Income |
|
0.10 |
1.64 |
-0.47 |
-0.07 |
-0.23 |
0.68 |
-0.12 |
-0.47 |
-0.16 |
0.43 |
Changes in Operating Assets and Liabilities, net |
|
5.48 |
-9.03 |
3.44 |
7.08 |
4.50 |
-11 |
3.12 |
11 |
2.93 |
-11 |
Net Cash From Investing Activities |
|
-39 |
-70 |
-69 |
-44 |
-77 |
-83 |
-66 |
-20 |
-75 |
-51 |
Net Cash From Continuing Investing Activities |
|
-39 |
-70 |
-69 |
-44 |
-77 |
-83 |
-66 |
-20 |
-75 |
-51 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-0.00 |
-0.50 |
-0.02 |
-0.04 |
-0.07 |
-0.03 |
-0.09 |
-0.09 |
-0.08 |
-0.06 |
Purchase of Investment Securities |
|
-70 |
-97 |
-92 |
-105 |
-117 |
-128 |
-78 |
-69 |
-88 |
-63 |
Sale and/or Maturity of Investments |
|
31 |
28 |
23 |
61 |
40 |
46 |
12 |
49 |
13 |
12 |
Net Cash From Financing Activities |
|
18 |
53 |
69 |
57 |
15 |
96 |
144 |
-47 |
25 |
92 |
Net Cash From Continuing Financing Activities |
|
18 |
53 |
69 |
57 |
15 |
96 |
144 |
-47 |
25 |
92 |
Net Change in Deposits |
|
58 |
33 |
1.18 |
91 |
-0.38 |
16 |
166 |
-46 |
70 |
47 |
Issuance of Debt |
|
30 |
66 |
158 |
81 |
20 |
270 |
80 |
- |
117 |
30 |
Issuance of Common Equity |
|
- |
- |
0.00 |
- |
- |
0.08 |
0.32 |
0.00 |
- |
1.00 |
Repayment of Debt |
|
-70 |
-46 |
-84 |
-114 |
-5.00 |
-189 |
-101 |
- |
-161 |
15 |
Payment of Dividends |
|
- |
- |
0.00 |
- |
- |
- |
-1.02 |
-1.02 |
-1.02 |
-0.89 |
Cash Interest Paid |
|
1.67 |
3.63 |
6.04 |
9.49 |
12 |
13 |
15 |
14 |
18 |
14 |
Annual Balance Sheets for USCB Financial
This table presents USCB Financial's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
2020 |
2021 |
2022 |
2023 |
2024 |
Total Assets |
|
1,502 |
1,854 |
2,086 |
2,339 |
2,581 |
Cash and Due from Banks |
|
58 |
53 |
61 |
49 |
84 |
Interest Bearing Deposits at Other Banks |
|
38 |
40 |
48 |
33 |
70 |
Trading Account Securities |
|
334 |
524 |
419 |
404 |
425 |
Loans and Leases, Net of Allowance |
|
0.00 |
1,175 |
0.00 |
0.00 |
0.00 |
Premises and Equipment, Net |
|
6.35 |
5.28 |
5.26 |
4.84 |
4.56 |
Other Assets |
|
90 |
103 |
1,608 |
1,889 |
2,075 |
Total Liabilities & Shareholders' Equity |
|
1,502 |
1,854 |
2,086 |
2,339 |
2,581 |
Total Liabilities |
|
1,331 |
1,650 |
1,903 |
2,147 |
2,366 |
Non-Interest Bearing Deposits |
|
- |
- |
- |
553 |
575 |
Interest Bearing Deposits |
|
1,273 |
1,590 |
1,829 |
1,384 |
1,599 |
Accrued Interest Payable |
|
6.83 |
9.48 |
14 |
16 |
20 |
Long-Term Debt |
|
36 |
36 |
46 |
183 |
163 |
Other Long-Term Liabilities |
|
15 |
14 |
14 |
11 |
8.45 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
171 |
204 |
182 |
192 |
215 |
Total Preferred & Common Equity |
|
171 |
204 |
182 |
192 |
215 |
Preferred Stock |
|
32 |
0.00 |
20 |
0.00 |
0.00 |
Total Common Equity |
|
139 |
204 |
162 |
192 |
215 |
Common Stock |
|
188 |
331 |
311 |
325 |
328 |
Retained Earnings |
|
-54 |
-124 |
-104 |
-89 |
-68 |
Accumulated Other Comprehensive Income / (Loss) |
|
4.78 |
-2.52 |
-45 |
-44 |
-45 |
Quarterly Balance Sheets for USCB Financial
This table presents USCB Financial's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Total Assets |
|
2,164 |
2,226 |
2,245 |
2,489 |
2,458 |
2,504 |
Cash and Due from Banks |
|
69 |
95 |
39 |
136 |
82 |
46 |
Interest Bearing Deposits at Other Banks |
|
58 |
79 |
28 |
117 |
72 |
31 |
Trading Account Securities |
|
229 |
218 |
416 |
433 |
406 |
427 |
Loans and Leases, Net of Allowance |
|
1,562 |
221 |
0.00 |
0.00 |
0.00 |
0.00 |
Premises and Equipment, Net |
|
5.14 |
5.03 |
4.95 |
4.79 |
4.73 |
4.66 |
Other Assets |
|
118 |
117 |
133 |
1,925 |
1,970 |
2,034 |
Total Liabilities & Shareholders' Equity |
|
2,164 |
2,226 |
2,245 |
2,489 |
2,458 |
2,504 |
Total Liabilities |
|
1,980 |
2,042 |
2,062 |
2,294 |
2,257 |
2,290 |
Interest Bearing Deposits |
|
1,830 |
1,921 |
1,921 |
2,103 |
2,057 |
2,127 |
Accrued Interest Payable |
|
16 |
21 |
27 |
19 |
29 |
36 |
Long-Term Debt |
|
120 |
87 |
102 |
162 |
162 |
118 |
Other Long-Term Liabilities |
|
14 |
13 |
12 |
11 |
9.94 |
9.19 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
184 |
184 |
183 |
195 |
201 |
214 |
Total Preferred & Common Equity |
|
184 |
184 |
183 |
195 |
201 |
214 |
Preferred Stock |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Common Equity |
|
184 |
184 |
183 |
195 |
201 |
214 |
Common Stock |
|
326 |
325 |
325 |
325 |
325 |
326 |
Retained Earnings |
|
-100 |
-95 |
-91 |
-85 |
-80 |
-74 |
Accumulated Other Comprehensive Income / (Loss) |
|
-42 |
-46 |
-51 |
-45 |
-45 |
-38 |
Annual Metrics And Ratios for USCB Financial
This table displays calculated financial ratios and metrics derived from USCB Financial's official financial filings.
Metric |
|
2020 |
2021 |
2022 |
2023 |
2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
Revenue Growth |
|
0.00% |
40.48% |
9.01% |
-4.24% |
25.32% |
EBITDA Growth |
|
0.00% |
78.09% |
5.85% |
-19.76% |
54.92% |
EBIT Growth |
|
0.00% |
79.99% |
-0.99% |
-19.53% |
49.00% |
NOPAT Growth |
|
0.00% |
94.80% |
-4.44% |
-17.85% |
49.13% |
Net Income Growth |
|
0.00% |
46.91% |
-4.44% |
-17.85% |
49.13% |
EPS Growth |
|
0.00% |
-473.33% |
114.88% |
-16.00% |
47.62% |
Operating Cash Flow Growth |
|
0.00% |
68.30% |
33.95% |
-23.67% |
51.20% |
Free Cash Flow Firm Growth |
|
0.00% |
0.00% |
367.45% |
-511.25% |
116.35% |
Invested Capital Growth |
|
0.00% |
15.89% |
-4.78% |
64.15% |
0.91% |
Revenue Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
-1.16% |
9.66% |
EBITDA Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
-8.70% |
19.89% |
EBIT Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
-8.69% |
20.80% |
NOPAT Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
-9.38% |
20.41% |
Net Income Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
-9.38% |
20.41% |
EPS Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
-7.69% |
19.23% |
Operating Cash Flow Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
-14.92% |
9.39% |
Free Cash Flow Firm Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
0.00% |
180.08% |
Invested Capital Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
31.62% |
14.00% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
EBITDA Margin |
|
31.49% |
39.93% |
38.77% |
32.49% |
40.16% |
EBIT Margin |
|
33.79% |
43.29% |
39.32% |
33.04% |
39.28% |
Profit (Net Income) Margin |
|
31.89% |
33.35% |
29.24% |
25.08% |
29.84% |
Tax Burden Percent |
|
107.00% |
76.15% |
74.36% |
75.91% |
75.97% |
Interest Burden Percent |
|
88.22% |
101.17% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
19.30% |
23.85% |
25.64% |
24.09% |
24.03% |
Return on Invested Capital (ROIC) |
|
5.23% |
9.43% |
8.60% |
5.48% |
6.55% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
15.02% |
9.43% |
8.60% |
5.48% |
6.55% |
Return on Net Nonoperating Assets (RNNOA) |
|
3.16% |
1.81% |
1.83% |
3.35% |
5.56% |
Return on Equity (ROE) |
|
8.39% |
11.24% |
10.43% |
8.84% |
12.11% |
Cash Return on Invested Capital (CROIC) |
|
0.00% |
-5.29% |
13.50% |
-43.09% |
5.64% |
Operating Return on Assets (OROA) |
|
1.01% |
1.63% |
1.38% |
0.99% |
1.32% |
Return on Assets (ROA) |
|
0.96% |
1.26% |
1.02% |
0.75% |
1.00% |
Return on Common Equity (ROCE) |
|
6.82% |
10.28% |
9.89% |
8.37% |
12.11% |
Return on Equity Simple (ROE_SIMPLE) |
|
8.39% |
10.34% |
11.04% |
8.62% |
11.46% |
Net Operating Profit after Tax (NOPAT) |
|
11 |
21 |
20 |
17 |
25 |
NOPAT Margin |
|
24.05% |
33.35% |
29.24% |
25.08% |
29.84% |
Net Nonoperating Expense Percent (NNEP) |
|
-9.80% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
58.68% |
44.56% |
44.72% |
48.01% |
43.60% |
Operating Expenses to Revenue |
|
73.44% |
56.46% |
57.06% |
63.37% |
56.90% |
Earnings before Interest and Taxes (EBIT) |
|
15 |
27 |
27 |
22 |
32 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
14 |
25 |
27 |
21 |
33 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.00 |
0.00 |
1.48 |
1.22 |
1.63 |
Price to Tangible Book Value (P/TBV) |
|
0.00 |
0.00 |
1.48 |
1.22 |
1.63 |
Price to Revenue (P/Rev) |
|
0.00 |
0.00 |
3.50 |
3.56 |
4.24 |
Price to Earnings (P/E) |
|
0.00 |
0.00 |
11.97 |
14.19 |
14.20 |
Dividend Yield |
|
0.00% |
0.00% |
0.00% |
0.00% |
1.13% |
Earnings Yield |
|
0.00% |
0.00% |
8.36% |
7.05% |
7.04% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.00 |
0.00 |
0.87 |
0.89 |
0.95 |
Enterprise Value to Revenue (EV/Rev) |
|
0.00 |
0.00 |
2.88 |
5.09 |
4.35 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
0.00 |
0.00 |
7.44 |
15.66 |
10.82 |
Enterprise Value to EBIT (EV/EBIT) |
|
0.00 |
0.00 |
7.34 |
15.40 |
11.06 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
0.00 |
0.00 |
9.87 |
20.28 |
14.56 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
0.00 |
0.00 |
6.73 |
14.88 |
10.54 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
6.29 |
0.00 |
16.90 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
Debt to Equity |
|
0.21 |
0.18 |
0.25 |
0.95 |
0.76 |
Long-Term Debt to Equity |
|
0.21 |
0.18 |
0.25 |
0.95 |
0.76 |
Financial Leverage |
|
0.21 |
0.19 |
0.21 |
0.61 |
0.85 |
Leverage Ratio |
|
8.78 |
8.95 |
10.20 |
11.82 |
12.08 |
Compound Leverage Factor |
|
7.75 |
9.06 |
10.20 |
11.82 |
12.08 |
Debt to Total Capital |
|
17.39% |
15.01% |
20.14% |
48.80% |
43.08% |
Short-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
|
17.39% |
15.01% |
20.14% |
48.80% |
43.08% |
Preferred Equity to Total Capital |
|
15.50% |
0.00% |
8.76% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
67.11% |
84.99% |
71.11% |
51.20% |
56.92% |
Debt to EBITDA |
|
2.54 |
1.43 |
1.72 |
8.54 |
4.91 |
Net Debt to EBITDA |
|
-4.20 |
-2.24 |
-2.33 |
4.71 |
0.27 |
Long-Term Debt to EBITDA |
|
2.54 |
1.43 |
1.72 |
8.54 |
4.91 |
Debt to NOPAT |
|
3.33 |
1.71 |
2.28 |
11.06 |
6.61 |
Net Debt to NOPAT |
|
-5.50 |
-2.68 |
-3.10 |
6.10 |
0.36 |
Long-Term Debt to NOPAT |
|
3.33 |
1.71 |
2.28 |
11.06 |
6.61 |
Noncontrolling Interest Sharing Ratio |
|
18.76% |
8.56% |
5.18% |
5.34% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
0.00 |
-12 |
32 |
-130 |
21 |
Operating Cash Flow to CapEx |
|
3,775.79% |
0.00% |
4,388.86% |
13,831.90% |
10,856.69% |
Free Cash Flow to Firm to Interest Expense |
|
0.00 |
-2.80 |
4.25 |
-3.06 |
0.35 |
Operating Cash Flow to Interest Expense |
|
0.95 |
5.22 |
3.97 |
0.53 |
0.56 |
Operating Cash Flow Less CapEx to Interest Expense |
|
0.93 |
5.46 |
3.88 |
0.53 |
0.55 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
Asset Turnover |
|
0.03 |
0.04 |
0.04 |
0.03 |
0.03 |
Fixed Asset Turnover |
|
7.09 |
10.87 |
13.07 |
13.06 |
17.59 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
Invested Capital |
|
207 |
240 |
228 |
375 |
378 |
Invested Capital Turnover |
|
0.22 |
0.28 |
0.29 |
0.22 |
0.22 |
Increase / (Decrease) in Invested Capital |
|
0.00 |
33 |
-11 |
147 |
3.42 |
Enterprise Value (EV) |
|
0.00 |
0.00 |
199 |
336 |
359 |
Market Capitalization |
|
0.00 |
0.00 |
241 |
235 |
350 |
Book Value per Share |
|
$0.00 |
$10.19 |
$8.12 |
$9.82 |
$10.86 |
Tangible Book Value per Share |
|
$0.00 |
$10.19 |
$8.12 |
$9.82 |
$10.86 |
Total Capital |
|
207 |
240 |
228 |
375 |
378 |
Total Debt |
|
36 |
36 |
46 |
183 |
163 |
Total Long-Term Debt |
|
36 |
36 |
46 |
183 |
163 |
Net Debt |
|
-59 |
-56 |
-62 |
101 |
8.93 |
Capital Expenditures (CapEx) |
|
0.35 |
-1.02 |
0.67 |
0.16 |
0.31 |
Net Nonoperating Expense (NNE) |
|
-3.53 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
36 |
36 |
46 |
183 |
163 |
Total Depreciation and Amortization (D&A) |
|
-1.03 |
-2.13 |
-0.38 |
-0.36 |
0.73 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.00 |
($6.72) |
$0.00 |
$0.84 |
$1.25 |
Adjusted Weighted Average Basic Shares Outstanding |
|
0.00 |
20.00M |
0.00 |
19.65M |
0.00 |
Adjusted Diluted Earnings per Share |
|
$0.00 |
($6.72) |
$0.00 |
$0.84 |
$1.24 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
0.00 |
20.00M |
0.00 |
19.65M |
0.00 |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
0.00 |
20.00M |
0.00 |
19.65M |
20.05M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
11 |
21 |
20 |
17 |
25 |
Normalized NOPAT Margin |
|
24.05% |
33.35% |
29.24% |
25.08% |
29.84% |
Pre Tax Income Margin |
|
29.81% |
43.80% |
39.32% |
33.04% |
39.28% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
1.11 |
6.47 |
3.64 |
0.51 |
0.53 |
NOPAT to Interest Expense |
|
0.79 |
4.99 |
2.71 |
0.39 |
0.40 |
EBIT Less CapEx to Interest Expense |
|
1.08 |
6.71 |
3.55 |
0.51 |
0.52 |
NOPAT Less CapEx to Interest Expense |
|
0.76 |
5.23 |
2.62 |
0.39 |
0.40 |
Payout Ratios |
|
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
21.80% |
9.85% |
0.00% |
0.00% |
15.96% |
Augmented Payout Ratio |
|
21.80% |
9.85% |
0.00% |
45.83% |
17.99% |
Quarterly Metrics And Ratios for USCB Financial
This table displays calculated financial ratios and metrics derived from USCB Financial's official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
0.00% |
0.00% |
8.90% |
-7.18% |
-12.82% |
-4.70% |
-2.46% |
28.11% |
33.15% |
46.38% |
EBITDA Growth |
|
0.00% |
0.00% |
18.09% |
-28.20% |
-32.72% |
-36.26% |
-21.65% |
52.41% |
108.55% |
153.51% |
EBIT Growth |
|
0.00% |
0.00% |
10.20% |
-21.05% |
-32.60% |
-37.17% |
-21.48% |
47.87% |
80.75% |
159.44% |
NOPAT Growth |
|
0.00% |
0.00% |
19.67% |
-20.76% |
-31.29% |
-38.63% |
-20.61% |
47.97% |
81.96% |
153.73% |
Net Income Growth |
|
0.00% |
0.00% |
19.67% |
-20.76% |
-31.29% |
-38.63% |
-20.61% |
47.97% |
81.96% |
153.73% |
EPS Growth |
|
0.00% |
0.00% |
20.83% |
-19.23% |
-32.14% |
-31.82% |
-20.69% |
47.62% |
84.21% |
133.33% |
Operating Cash Flow Growth |
|
0.00% |
0.00% |
60.65% |
-22.87% |
-27.22% |
-195.21% |
-10.83% |
60.01% |
34.54% |
48.96% |
Free Cash Flow Firm Growth |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
83.71% |
67.68% |
85.74% |
102.42% |
Invested Capital Growth |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
64.15% |
17.49% |
34.11% |
16.51% |
0.91% |
Revenue Q/Q Growth |
|
7.56% |
-11.24% |
9.65% |
-11.34% |
1.02% |
-2.97% |
12.23% |
16.46% |
4.99% |
6.67% |
EBITDA Q/Q Growth |
|
-8.88% |
-18.87% |
36.95% |
-29.08% |
-14.62% |
-23.14% |
68.34% |
37.95% |
16.84% |
-6.56% |
EBIT Q/Q Growth |
|
7.40% |
-25.77% |
37.74% |
-28.10% |
-8.32% |
-30.80% |
72.12% |
35.41% |
12.06% |
-0.67% |
NOPAT Q/Q Growth |
|
4.97% |
-20.22% |
31.01% |
-27.77% |
-8.98% |
-28.75% |
69.50% |
34.63% |
11.92% |
-0.65% |
Net Income Q/Q Growth |
|
4.97% |
-20.22% |
31.01% |
-27.77% |
-8.98% |
-28.75% |
69.50% |
34.63% |
11.92% |
-0.65% |
EPS Q/Q Growth |
|
7.69% |
-21.43% |
31.82% |
-27.59% |
-9.52% |
-21.05% |
53.33% |
34.78% |
12.90% |
0.00% |
Operating Cash Flow Q/Q Growth |
|
-21.00% |
-117.67% |
544.49% |
24.26% |
-25.45% |
-171.70% |
234.26% |
122.99% |
-37.32% |
-127.20% |
Free Cash Flow Firm Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
10.59% |
-5.47% |
48.83% |
66.25% |
-77.43% |
53.46% |
108.69% |
Invested Capital Q/Q Growth |
|
0.00% |
0.00% |
33.02% |
-10.92% |
5.25% |
31.62% |
-4.79% |
1.68% |
-8.57% |
14.00% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
37.38% |
34.16% |
42.67% |
34.13% |
28.85% |
22.85% |
34.28% |
40.60% |
45.18% |
39.57% |
EBIT Margin |
|
40.52% |
33.88% |
42.56% |
34.52% |
31.32% |
22.34% |
34.26% |
39.84% |
42.52% |
39.60% |
Profit (Net Income) Margin |
|
29.94% |
26.91% |
32.15% |
26.19% |
23.60% |
17.33% |
26.17% |
30.26% |
32.25% |
30.04% |
Tax Burden Percent |
|
73.90% |
75.81% |
75.54% |
75.89% |
75.34% |
77.57% |
76.38% |
75.94% |
75.85% |
75.86% |
Interest Burden Percent |
|
100.00% |
104.76% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
26.10% |
24.19% |
24.46% |
24.11% |
24.66% |
22.43% |
23.62% |
24.06% |
24.15% |
24.14% |
Return on Invested Capital (ROIC) |
|
0.00% |
8.12% |
14.89% |
13.38% |
11.06% |
3.79% |
5.19% |
6.69% |
7.88% |
6.59% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
0.00% |
8.12% |
14.89% |
13.38% |
11.06% |
3.79% |
5.19% |
6.69% |
7.88% |
6.59% |
Return on Net Nonoperating Assets (RNNOA) |
|
0.00% |
2.05% |
9.72% |
6.34% |
6.17% |
2.32% |
3.86% |
4.33% |
4.37% |
5.60% |
Return on Equity (ROE) |
|
0.00% |
10.16% |
24.61% |
19.72% |
17.23% |
6.11% |
9.05% |
11.01% |
12.26% |
12.19% |
Cash Return on Invested Capital (CROIC) |
|
0.00% |
13.84% |
0.00% |
0.00% |
0.00% |
-43.09% |
-11.44% |
-23.66% |
-8.61% |
5.64% |
Operating Return on Assets (OROA) |
|
0.00% |
1.18% |
1.38% |
1.07% |
0.93% |
0.67% |
0.97% |
1.19% |
1.35% |
1.33% |
Return on Assets (ROA) |
|
0.00% |
0.94% |
1.05% |
0.81% |
0.70% |
0.52% |
0.74% |
0.90% |
1.02% |
1.01% |
Return on Common Equity (ROCE) |
|
0.00% |
9.64% |
24.61% |
19.72% |
17.23% |
5.78% |
9.05% |
11.01% |
12.26% |
12.19% |
Return on Equity Simple (ROE_SIMPLE) |
|
0.00% |
0.00% |
11.47% |
10.89% |
9.98% |
0.00% |
7.87% |
8.64% |
9.58% |
0.00% |
Net Operating Profit after Tax (NOPAT) |
|
5.56 |
4.43 |
5.81 |
4.20 |
3.82 |
2.72 |
4.61 |
6.21 |
6.95 |
6.90 |
NOPAT Margin |
|
29.94% |
26.91% |
32.15% |
26.19% |
23.60% |
17.33% |
26.17% |
30.26% |
32.25% |
30.04% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
42.26% |
47.45% |
45.13% |
48.11% |
48.80% |
50.43% |
46.14% |
44.33% |
42.02% |
42.47% |
Operating Expenses to Revenue |
|
54.58% |
60.78% |
56.32% |
65.25% |
64.64% |
68.27% |
63.41% |
56.33% |
53.16% |
55.92% |
Earnings before Interest and Taxes (EBIT) |
|
7.52 |
5.58 |
7.69 |
5.53 |
5.07 |
3.51 |
6.04 |
8.18 |
9.16 |
9.10 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
6.94 |
5.63 |
7.71 |
5.47 |
4.67 |
3.59 |
6.04 |
8.33 |
9.74 |
9.10 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.00 |
1.48 |
1.04 |
1.08 |
1.11 |
1.22 |
1.14 |
1.25 |
1.40 |
1.63 |
Price to Tangible Book Value (P/TBV) |
|
0.00 |
1.48 |
1.04 |
1.08 |
1.11 |
1.22 |
1.14 |
1.25 |
1.40 |
1.63 |
Price to Revenue (P/Rev) |
|
0.00 |
3.50 |
2.72 |
2.86 |
3.04 |
3.56 |
3.39 |
3.59 |
3.97 |
4.24 |
Price to Earnings (P/E) |
|
0.00 |
11.97 |
9.09 |
9.89 |
11.12 |
14.19 |
14.49 |
14.47 |
14.60 |
14.20 |
Dividend Yield |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.44% |
0.78% |
0.98% |
1.13% |
Earnings Yield |
|
0.00% |
8.36% |
11.00% |
10.11% |
9.00% |
7.05% |
6.90% |
6.91% |
6.85% |
7.04% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.00 |
0.87 |
0.61 |
0.41 |
0.84 |
0.89 |
0.37 |
0.71 |
1.03 |
0.95 |
Enterprise Value to Revenue (EV/Rev) |
|
0.00 |
2.88 |
2.63 |
1.59 |
3.57 |
5.09 |
2.00 |
3.69 |
4.51 |
4.35 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
0.00 |
7.44 |
6.64 |
4.28 |
10.14 |
15.66 |
6.64 |
11.43 |
12.29 |
10.82 |
Enterprise Value to EBIT (EV/EBIT) |
|
0.00 |
7.34 |
6.66 |
4.19 |
9.97 |
15.40 |
6.51 |
11.35 |
12.66 |
11.06 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
0.00 |
9.87 |
8.78 |
5.51 |
13.04 |
20.28 |
8.55 |
14.90 |
16.60 |
14.56 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
0.00 |
6.73 |
5.62 |
3.72 |
8.98 |
14.88 |
6.08 |
9.15 |
10.92 |
10.54 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
16.90 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.00 |
0.25 |
0.65 |
0.47 |
0.56 |
0.95 |
0.83 |
0.81 |
0.55 |
0.76 |
Long-Term Debt to Equity |
|
0.00 |
0.25 |
0.65 |
0.47 |
0.56 |
0.95 |
0.83 |
0.81 |
0.55 |
0.76 |
Financial Leverage |
|
0.00 |
0.25 |
0.65 |
0.47 |
0.56 |
0.61 |
0.74 |
0.65 |
0.55 |
0.85 |
Leverage Ratio |
|
0.00 |
10.20 |
11.77 |
12.12 |
12.27 |
11.82 |
12.28 |
12.18 |
11.97 |
12.08 |
Compound Leverage Factor |
|
0.00 |
10.68 |
11.77 |
12.12 |
12.27 |
11.82 |
12.28 |
12.18 |
11.97 |
12.08 |
Debt to Total Capital |
|
0.00% |
20.14% |
39.49% |
32.14% |
35.80% |
48.80% |
45.38% |
44.63% |
35.55% |
43.08% |
Short-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
|
0.00% |
20.14% |
39.49% |
32.14% |
35.80% |
48.80% |
45.38% |
44.63% |
35.55% |
43.08% |
Preferred Equity to Total Capital |
|
0.00% |
8.76% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
0.00% |
71.11% |
60.51% |
67.86% |
64.20% |
51.20% |
54.62% |
55.37% |
64.45% |
56.92% |
Debt to EBITDA |
|
0.00 |
1.72 |
4.30 |
3.38 |
4.35 |
8.54 |
8.20 |
7.16 |
4.26 |
4.91 |
Net Debt to EBITDA |
|
0.00 |
-2.33 |
-0.23 |
-3.40 |
1.50 |
4.71 |
-4.61 |
0.33 |
1.48 |
0.27 |
Long-Term Debt to EBITDA |
|
0.00 |
1.72 |
4.30 |
3.38 |
4.35 |
8.54 |
8.20 |
7.16 |
4.26 |
4.91 |
Debt to NOPAT |
|
0.00 |
2.28 |
5.69 |
4.35 |
5.59 |
11.06 |
10.56 |
9.33 |
5.76 |
6.61 |
Net Debt to NOPAT |
|
0.00 |
-3.10 |
-0.31 |
-4.38 |
1.92 |
6.10 |
-5.94 |
0.43 |
2.00 |
0.36 |
Long-Term Debt to NOPAT |
|
0.00 |
2.28 |
5.69 |
4.35 |
5.59 |
11.06 |
10.56 |
9.33 |
5.76 |
6.61 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
5.18% |
0.00% |
0.00% |
0.00% |
5.34% |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
0.00 |
0.00 |
-298 |
-266 |
-281 |
-144 |
-49 |
-86 |
-40 |
3.48 |
Operating Cash Flow to CapEx |
|
572,850.00% |
-406.63% |
40,913.64% |
29,434.21% |
11,743.66% |
-18,681.25% |
8,819.78% |
20,571.26% |
14,382.05% |
-5,260.34% |
Free Cash Flow to Firm to Interest Expense |
|
0.00 |
0.00 |
-46.70 |
-26.37 |
-22.74 |
-10.57 |
-3.09 |
-5.63 |
-2.59 |
0.24 |
Operating Cash Flow to Interest Expense |
|
6.73 |
-0.54 |
1.41 |
1.11 |
0.67 |
-0.44 |
0.51 |
1.17 |
0.73 |
-0.21 |
Operating Cash Flow Less CapEx to Interest Expense |
|
6.73 |
-0.68 |
1.41 |
1.10 |
0.67 |
-0.44 |
0.50 |
1.16 |
0.72 |
-0.21 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.00 |
0.04 |
0.03 |
0.03 |
0.03 |
0.03 |
0.03 |
0.03 |
0.03 |
0.03 |
Fixed Asset Turnover |
|
0.00 |
13.07 |
13.70 |
13.76 |
13.48 |
13.06 |
13.21 |
14.36 |
15.70 |
17.59 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
0.00 |
228 |
304 |
271 |
285 |
375 |
357 |
363 |
332 |
378 |
Invested Capital Turnover |
|
0.00 |
0.30 |
0.46 |
0.51 |
0.47 |
0.22 |
0.20 |
0.22 |
0.24 |
0.22 |
Increase / (Decrease) in Invested Capital |
|
0.00 |
0.00 |
304 |
271 |
285 |
147 |
53 |
92 |
47 |
3.42 |
Enterprise Value (EV) |
|
0.00 |
199 |
185 |
110 |
238 |
336 |
131 |
259 |
340 |
359 |
Market Capitalization |
|
259 |
241 |
192 |
198 |
203 |
235 |
222 |
251 |
299 |
350 |
Book Value per Share |
|
$0.00 |
$8.12 |
$9.37 |
$9.36 |
$9.36 |
$9.82 |
$9.92 |
$10.23 |
$10.90 |
$10.86 |
Tangible Book Value per Share |
|
$0.00 |
$8.12 |
$9.37 |
$9.36 |
$9.36 |
$9.82 |
$9.92 |
$10.23 |
$10.90 |
$10.86 |
Total Capital |
|
0.00 |
228 |
304 |
271 |
285 |
375 |
357 |
363 |
332 |
378 |
Total Debt |
|
0.00 |
46 |
120 |
87 |
102 |
183 |
162 |
162 |
118 |
163 |
Total Long-Term Debt |
|
0.00 |
46 |
120 |
87 |
102 |
183 |
162 |
162 |
118 |
163 |
Net Debt |
|
0.00 |
-62 |
-6.50 |
-88 |
35 |
101 |
-91 |
7.48 |
41 |
8.93 |
Capital Expenditures (CapEx) |
|
0.00 |
0.50 |
0.02 |
0.04 |
0.07 |
0.03 |
0.09 |
0.09 |
0.08 |
0.06 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
0.00 |
46 |
120 |
87 |
102 |
183 |
162 |
162 |
118 |
163 |
Total Depreciation and Amortization (D&A) |
|
-0.58 |
0.05 |
0.02 |
-0.06 |
-0.40 |
0.08 |
0.00 |
0.16 |
0.57 |
-0.01 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.00 |
$0.23 |
$0.29 |
$0.21 |
$0.20 |
$0.14 |
$0.23 |
$0.32 |
$0.35 |
$0.35 |
Adjusted Weighted Average Basic Shares Outstanding |
|
0.00 |
19.62M |
19.62M |
19.54M |
19.54M |
0.00 |
19.65M |
19.62M |
19.84M |
0.00 |
Adjusted Diluted Earnings per Share |
|
$0.00 |
$0.22 |
$0.29 |
$0.21 |
$0.19 |
$0.15 |
$0.23 |
$0.31 |
$0.35 |
$0.35 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
0.00 |
19.62M |
19.62M |
19.54M |
19.54M |
0.00 |
19.65M |
19.62M |
19.84M |
0.00 |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
0.00 |
19.62M |
19.62M |
19.54M |
19.54M |
19.65M |
19.65M |
19.62M |
19.84M |
20.05M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
5.56 |
4.43 |
5.81 |
4.20 |
3.82 |
2.72 |
4.61 |
6.21 |
6.95 |
6.90 |
Normalized NOPAT Margin |
|
29.94% |
26.91% |
32.15% |
26.19% |
23.60% |
17.33% |
26.17% |
30.26% |
32.25% |
30.04% |
Pre Tax Income Margin |
|
40.52% |
35.50% |
42.56% |
34.52% |
31.32% |
22.34% |
34.26% |
39.84% |
42.52% |
39.60% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
4.42 |
1.50 |
1.21 |
0.55 |
0.41 |
0.26 |
0.38 |
0.53 |
0.59 |
0.61 |
NOPAT to Interest Expense |
|
3.26 |
1.19 |
0.91 |
0.42 |
0.31 |
0.20 |
0.29 |
0.41 |
0.45 |
0.47 |
EBIT Less CapEx to Interest Expense |
|
4.42 |
1.36 |
1.20 |
0.54 |
0.40 |
0.26 |
0.38 |
0.53 |
0.59 |
0.61 |
NOPAT Less CapEx to Interest Expense |
|
3.26 |
1.05 |
0.91 |
0.41 |
0.30 |
0.20 |
0.29 |
0.40 |
0.44 |
0.46 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
6.62% |
11.71% |
14.88% |
15.96% |
Augmented Payout Ratio |
|
0.00% |
0.00% |
27.81% |
33.07% |
36.22% |
45.83% |
18.32% |
19.49% |
22.06% |
17.99% |
Key Financial Trends
USCB Financial Holdings, Inc. (NASDAQ: USCB) has demonstrated notable growth and trends in its financial performance and position over the last several years through Q4 2024.
Positive Highlights:
- Net interest income showed a consistent upward trend from approximately $16.9 million in Q4 2022 to about $19.4 million in Q4 2024, highlighting effective interest-bearing asset management.
- Net income attributable to common shareholders increased substantially from $4.4 million in Q4 2022 to approximately $6.9 million in Q4 2024, reflecting improved profitability.
- Diluted earnings per share rose from $0.22 in Q4 2022 to $0.35 in Q4 2024, indicating solid earnings growth on a per-share basis.
- Total revenue increased steadily over the years, reaching a high of about $23 million in Q4 2024 compared to approximately $16.5 million in Q4 2022, signaling business expansion.
- USCB consistently paid dividends per common share, increasing from 0 in early 2023 to $0.05 per share in 2024 quarters, supporting shareholder returns.
- The company maintained positive operating cash flows in most quarters, indicating good operating efficiency, with Q3 2024 showing a strong net operating cash inflow of $11.2 million.
- Total assets grew from about $2.16 billion in Q1 2023 to over $2.5 billion by Q3 2024, reflecting asset base growth and potential future earnings capacity.
- Long-term debt issuance was prudent with repayments also noted, balancing leverage — for instance, $162 million long-term debt outstanding at Q1 2024 with active debt management afterwards.
- Investment banking income showed growth, reaching $2.7 million in Q4 2024, nearly doubling from $1.3 million in Q3 2023, contributing to diversified non-interest income streams.
- The company demonstrated improved control over provisioning for credit losses, increasing provision reflecting cautious risk management as loan volumes appear to grow.
Neutral Observations:
- Loans and leases net of allowance have fluctuated, with some quarters showing zero reported net loans, which may warrant further context to understand the lending portfolio's nature.
- Non-interest expenses have generally trended upward, partly due to increases in salaries and employee benefits, occupancy, and other operating expenses, aligning with the firm's growth but impacting margins.
- Fluctuations in net cash from investing activities indicate heavy investments in securities and property with frequent purchases and sales; this is typical in financial institutions but requires monitoring.
- Accrued interest payable increased from about $15.8 million in Q1 2023 to $36.2 million by Q3 2024, reflecting rising interest costs or liabilities on deposits or borrowings.
- Weighted average shares outstanding have remained relatively stable around 19 to 20 million, indicating limited dilution from equity issuance or repurchases.
Negative Considerations:
- The company’s accumulated other comprehensive loss stands at significant negative values (e.g., approximately -$45 million in Q1 2024), which can impact equity and suggests unrealized losses on certain holdings.
- Despite increasing revenues, provisions for credit losses have increased steadily, reaching over $1 million in Q4 2024, which could indicate growing credit risk or more conservative reserve policies.
- Net cash from continuing operating activities was negative in Q4 2024 (-$3.1 million) and Q4 2023 (-$6 million), suggesting challenges in cash flow generation in these periods.
- The company’s total deposits have a large balance (e.g., over $2.1 billion at Q3 2024), with a significant interest expense (over $13 million in Q4 2024), which could pressure net interest margin if rates rise.
- There is notable volatility in net realized and unrealized capital gains/losses from investments, with some quarters showing negative non-interest income, which may impact overall profitability and signals investment risk exposure.
Summary: USCB Financial Holdings has shown solid earnings growth and improving profitability over the last several years, supported by rising net interest income and expanded non-interest income streams such as investment banking. The firm has strengthened its asset base and maintained stable share counts with an increasing dividend payout, appealing to income-focused investors. However, rising provisions for credit losses and significant accumulated other comprehensive losses highlight areas needing watchfulness, as does occasional negative operating cash flow. Overall, the financial trends suggest USCB is growing cautiously with improved earnings momentum but must manage credit risks and investment volatility carefully.
10/10/25 05:51 AM ETAI Generated. May Contain Errors.