USCB Financial Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Interest Income on Loans	109.28	87.88	60.83	48.73	47.08	44.73
Interest Income on Investments	15.76	13.13	10.28	7.99	5.56	6.21
Total Interest Income	125.04	101.02	71.1	56.72	52.63	50.94
Interest Paid on Deposits	53.79	39.06	6.77	3.67	7.96	10.15
Interest Paid on Borrowings	6.3	3.39	0.67	0.55	1.07	2.11
Total Interest Expense	60.09	42.45	7.44	4.23	9.04	12.25
Net Interest Income	64.95	58.57	63.66	52.5	43.6	38.69
Net Interest Income Growth (YoY)	6.38%	-8.00%	21.27%	20.41%	12.69%	-
Gain (Loss) on Sale of Assets	-	-	-	0.98	-	-
Gain (Loss) on Sale of Investments	-0.87	-1.86	-2.53	0.21	0.43	0.05
Other Non-Interest Income	10.61	8.46	6.87	7.88	4.82	5.72
Total Non-Interest Income	10.44	7.4	5.23	10.7	6.1	6.06
Non-Interest Income Growth (YoY)	75.33%	41.60%	-51.13%	75.46%	0.61%	-
Revenues Before Loan Losses	75.39	65.97	68.89	63.19	49.69	44.75
Provision for Loan Losses	3.6	2.37	2.5	-0.16	3.25	-
Revenue	71.79	63.6	66.39	63.35	46.44	44.75
Revenue Growth (YoY)	10.04%	-4.20%	4.80%	36.41%	3.79%	-
Salaries and Employee Benefits	25.55	23.42	23.42	21.15	19.02	17.56
Federal Deposit Insurance	1.77	1.45	0.93	0.78	0.69	0.34
Selling, General & Administrative	9.54	9.43	8.39	7.97	6.89	7.39
Other Non-Interest Expense	8.04	7.51	6.57	5.77	6.44	5.7
Total Non-Interest Expense	44.91	41.81	39.31	35.68	33.04	30.98
EBT Excluding Unusual Items	26.88	21.8	27.09	27.68	13.41	13.77
Pretax Income	26.88	21.8	27.09	27.68	13.41	13.77
Income Tax Expense	6.39	5.25	6.94	6.6	2.59	3.38
Net Income	20.49	16.55	20.14	21.08	10.82	10.39
Preferred Dividends & Other Adjustments	-	-	-	91.66	3.13	-
Net Income to Common	20.49	16.55	20.14	-70.59	7.69	10.39
Net Income Growth	12.23%	-17.85%	-4.44%	94.80%	4.13%	-
Basic Shares Outstanding	20	20	20	11	10	-
Diluted Shares Outstanding	20	20	20	11	10	-
Shares Change (YoY)	-0.65%	-2.42%	92.02%	4.74%	-	-
EPS (Basic)	1.04	0.84	1.01	-6.72	0.77	-
EPS (Diluted)	1.04	0.84	1.00	-6.72	0.77	-
EPS Growth	13.14%	-16.00%	-	-	-	-
Effective Tax Rate	23.78%	24.09%	25.64%	23.85%	19.30%	24.52%

Source: S&P Capital IQ. Banks template. Financial Sources.