1

Exhibit 99.1

USCB Financial Holdings, Inc. Reports Record Fully Diluted EPS of$0.35 for Q3 2024; ROAA of 1.11% and

ROAE of 13.38%

MIAMI, FL – October 31, 2024 – USCB Financial Holdings, Inc. (the“Company”) (NASDAQ: USCB)

, the holding company for

U.S.CenturyBank(the“Bank”),reportednetincomeof$6.9millionor$0.35perfullydilutedshareforthethreemonthsended

September 30, 2024, compared with net income of $3.8 million or $0.19per fully diluted share for the same period in 2023.

“Weare proudto reportour secondconsecutive quarterof recordfully dilutedearnings pershare, demonstratingthe strengthof our

strategic initiatives andoperational performance.”said Luis de laAguilera, Chairman, President,and CEO. “Witha return on average

assets of1.11%and aNIM of 3.03%,we areeffectively leveragingour assetsto driveprofitability.Additionally,our growthin non-

interestincomereflectsourcommitmenttodiversifyingrevenuestreamsandenhancingshareholdervalue.Weremainfocusedon

delivering strong performance and sustainable growth to our stakeholders.” said de la Aguilera.

Unless otherwise stated, all percentagecomparisons in the bullet pointsbelow are calculated ator for the quarterended September 30,

2024 compared to at or for the quarter ended September 30, 2023and annualized where appropriate.

Profitability

•

Annualized return on average assets for the quarterended September 30, 2024 was 1.11%compared to 0.67% for the third quarter

of 2023.

•

Annualized return onaverage stockholders’ equityfor the quarterended September 30,2024 was 13.38%compared to 8.19%for

•

The efficiency ratio for the quarter ended September 30,2024 was 53.16% compared to 64.64% for the third quarter of 2023.

•

Net interest margin for the quarter ended September 30, 2024was 3.03%compared to 2.60% for the third quarter of 2023.

•

Net interest incomebefore provision forcredit losses was$18.1 million forthe quarter endedSeptember 30, 2024, anincrease of

$4.1 million or 29.1% compared to the third quarter of 2023.

Balance Sheet

•

Totalassetswere$2.5billionatSeptember 30,2024,representinganincreaseof$259.4 millionor11.6%from$2.2billionat

•

Totalloanswere$1.9billionatSeptember 30,2024,representinganincreaseof$254.8 millionor15.2%from$1.7billionat

•

Totaldeposits were$2.1 billion atSeptember 30, 2024,representing anincrease of$205.7 million or10.7% from$1.9 billionat

•

Totalstockholders’equitywas$213.9 millionatSeptember 30,2024,representinganincreaseof$31.0millionor17.0% from

$182.9millionat September 30,2023. Totalstockholders’ equityincludedaccumulated comprehensiveloss of$38.0 millionat

September 30, 2024 compared to accumulated comprehensive loss of $51.2million at September 30, 2023.

Asset Quality

•

The allowancefor creditlosses (“ACL”)increased by$3.6 millionto $23.1million atSeptember 30, 2024from $19.5million at

•

The ACL represented 1.19% of total loans at September 30, 2024and 1.16% at September 30, 2023.

2

•

Provision for creditloss was $931 thousandfor the quarterended September 30, 2024,an increase of$278 thousand comparedto

•

Non-performingloans tototal loanswas 0.14%at September 30,2024 and0.03% atSeptember 30, 2023.Nonperforming loans

totaled $2.7 million at September 30, 2024 and $479 thousand at September30, 2023.

Non-interest Income and Non-interest Expense

•

Non-interestincome was$3.4millionforthethreemonthsended September 30,2024,anincreaseof$1.3millionor59.1%

compared to $2.2 million for the same period in 2023.

•

Non-interestexpensewas$11.5millionforthethreemonthsendedSeptember 30,2024,anincreaseof$1.0millionor9.5%

compared to $10.5 million for the same period in 2023.

Capital

•

On October28, 2024,the Company’sBoard ofDirectors declareda cashdividend of$0.05 pershare ofthe Company’sClass A

common stock. The dividend will be paid on December 5, 2024 to shareholders of record at the close of business on November 15,

2024.

•

As of September 30, 2024,

total risk-based capital ratios for the Company and the Bank were 13.22% and 13.14%,respectively.

•

Tangiblebook valueper commonshare (anon-GAAP measure)was $10.90at September 30,2024, representingan increaseof

$0.66or 25.6%annualizedfrom$10.24at June30,2024.At September30,2024,tangible bookvaluepercommonshare was

negatively affected by $1.94 due to an accumulated comprehensive lossof $38.0 million. At June 30, 2024, tangiblebook value per

common share was negatively affected by $2.28 dueto an accumulated comprehensive loss of $44.7 million.

•

Duringthe quarter,the Companyrepurchased10,000shares ofClass Acommonstock ata weightedaveragecost pershare of

$12.03. Theaggregate purchase pricefor these transactionswas approximately$120 thousand,including transactioncosts. As of

September 30, 2024, 537,980 shares remained authorized for repurchaseunder the Company’s share repurchase programs.

Conference Call and Webcast

The Company will host a conference callon Friday, November 1, 2024, at 11:00 a.m. Eastern Time to discuss the Company’s unaudited

financial resultsfor the quarterended September 30, 2024.Toaccess the conferencecall, dial (833)816-1416 (U.S. toll-free)and ask

to join the USCB Financial Holdings Call.

Additionally,interestedparties canlisten toa livewebcastof thecall inthe “InvestorRelations” sectionof theCompany’swebsite

at www.uscentury.com.An archived version of the webcast will be available in the same location shortly afterthe live call has ended.

About USCB Financial Holdings, Inc.

USCB Financial Holdings, Inc.is the bank holding company forU.S. Century Bank. Established in 2002,U.S. Century Bank is one of

the largestcommunity banksheadquarteredin Miami,and oneof thelargest communitybanks inthe Stateof Florida.U.S. Century

Bank is rated 5-Stars by BauerFinancial, the nation’s leading independentbank rating firm. U.S. Century Bank offers customers a wide

range offinancial productsand servicesand supportsnumerous communityorganizations,includingthe GreaterMiami Chamberof

Commerce, the South Florida Hispanic Chamber of Commerce, and ChamberSouth. For more information about usor to find a banking

center near you, please call (305) 715-5200 or visit www.uscentury.com.

Forward-Looking Statements

This earnings releasemay contain statementsthat are nothistorical in natureand are intendedto be, andare hereby identifiedas, forward-

lookingstatementsforpurposesofthesafeharborprovidedbySection21EoftheSecuritiesExchangeActof1934,asamended.

Forward-looking statements arethose that arenot historical facts.The words “may,”“will,” “anticipate,” “could,”“should,” “would,”

“believe,” “contemplate,”“expect,” “aim,”“plan,” “estimate,”“continue,” and“intend,”, the negativeof these terms,as well asother

similarwordsandexpressionsofthefuture,areintendedto identifyforward-lookingstatements.Theseforward-lookingstatements

include, but are not limitedto, statements related to ourprojected growth, anticipated future financialperformance, and management’s

long-term performance goals, as well as statementsrelating to the anticipated effects on our results ofoperations and financial condition

from expected or potential developments or events, or business andgrowth strategies, including anticipated internal growth and balance

sheet restructuring.

3

These forward-looking statements involve significant risks and uncertainties that could cause our actualresults to differ materially from

those anticipated in such statements. Potential risks and uncertainties include,but are not limited to:

•

the strength of the United States economy in general and the strength of the local economies inwhich we conduct operations;

•

our ability to successfully manage interest rate risk, credit risk, liquidity risk,and other risks inherent to our industry;

•

theaccuracyofourfinancialstatementestimatesandassumptions,includingtheestimatesusedforourcreditlossreserveand

deferred tax asset valuation allowance;

•

the efficiency and effectiveness of our internalcontrol procedures and processes;

•

our ability to comply withthe extensive laws andregulations to which we aresubject, including the laws foreach jurisdiction where

we operate;

•

adverse changes or conditions in capital and financial markets, includingactual or potential stresses in the banking industry;

•

deposit attrition and the level of our uninsured deposits;

•

legislativeorregulatorychanges andchangesinaccountingprinciples,policies,practices orguidelines,includingthe on-going

effects of the implementation of the Current Expected Credit Losses (“CECL”)standard;

•

thelackofasignificantlydiversifiedloanportfolioandtheconcentrationintheSouthFloridamarket,includingtherisksof

geographic,depositor,andindustryconcentrations,includingourconcentrationinloanssecuredbyrealestate,inparticular,

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 tofund or accessthe capital marketsat attractive ratesand terms andmanage our growth,both organicgrowth as well

as growth through other means, such as future acquisitions;

•

inflation, interest rate, unemployment rate, and marketand monetary fluctuations;

•

impacts of international hostilities and geopolitical events;

•

increased competitionand its effecton the pricingof our productsand services aswell as ourinterest rate spreadand net interest

margin;

•

the loss of key employees;

•

the effectivenessof our risk managementstrategies, including operationalrisks, including, butnot limited to, client,employee, or

third-party fraud and security breaches; and

•

other risks described in this earnings release and other filings we make with theSecurities and Exchange Commission (“SEC”).

All forward-lookingstatements arenecessarily onlyestimates offuture results,and therecan beno assurancethat actualresults will

not differmaterially fromexpectations. Therefore,you arecautioned notto placeundue relianceon anyforward-looking statements.

Further, forward-looking statements included in thisearnings release aremade only asof the datehereof, and weundertake no obligation

to update or revise any forward-looking statement to reflect eventsor circumstances after the date on which the statements are madeor

to reflect the occurrence of unanticipatedevents, unless required to doso under the federal securities laws.Youshould also review the

risk factors described in the reports the Company filed or will file with the SEC.

Non-GAAP Financial Measures

This earnings releaseincludes financial information determinedby methods otherthan in accordancewith generally acceptedaccounting

principles (“GAAP”). This financialinformation includes certainoperating performance measures. Managementhas included thesenon-

GAAPmeasuresbecauseitbelievesthesemeasuresmayprovideusefulsupplementalinformationforevaluatingtheCompany’s

operations andunderlying performancetrends. Further,management uses thesemeasures inmanaging andevaluating the Company’s

business and intends to refer tothem in discussions about our operationsand performance. Operating performancemeasures should be

viewedinadditionto,andnotasanalternativetoorsubstitutefor,measuresdeterminedinaccordancewithGAAP,andarenot

necessarilycomparabletonon-GAAPmeasuresthatmaybepresentedbyothercompanies.Reconciliationsofthesenon-GAAP

measurestothe mostdirectlycomparableGAAP measurescan befoundin the‘Non-GAAPReconciliationTables’includedin the

exhibits 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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4

CONSOLIDATED STATEMENTSOF INCOME (UNAUDITED)

Nine Months Ended September 30,

2024

2023

2024

2023

Interest income:

Loans, including fees

$

29,819

$

22,523

$

84,479

$

63,081

2,754

2,833

8,634

7,501

Interest-bearing deposits in financial institutions

989

1,026

3,953

2,459

Total interest income

33,562

26,382

97,066

73,041

Interest expense:

411

331

1,171

574

Savings and money market accounts

10,064

8,779

30,529

20,532

3,391

2,565

9,907

5,767

1,587

685

4,881

1,976

Total interest expense

15,453

12,360

46,488

28,849

Net interest income before provision for credit losses

18,109

14,022

50,578

44,192

931

653

2,127

892

17,178

13,369

48,451

43,300

Non-interest income:

2,544

1,329

6,172

3,707

-

(955)

14

(976)

109

255

593

696

Other non-interest income

785

1,532

2,334

2,650

3,438

2,161

9,113

6,077

Non-interest expense:

7,200

6,066

20,863

18,325

Occupancy

1,341

1,350

3,921

3,968

452

365

1,361

1,041

161

513

1,016

1,257

513

481

1,499

1,464

1,787

1,686

5,528

5,034

11,454

10,461

34,188

31,089

9,162

5,069

23,376

18,288

2,213

1,250

5,606

4,464

$

6,949

$

3,819

$

17,770

$

13,824

$

0.35

$

0.20

$

0.90

$

0.70

$

0.35

$

0.19

$

0.90

$

0.70

$

0.05

$

-

$

0.15

$

-

Weighted average shares outstanding:

Common shares, basic

Common shares, diluted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5

SELECTED FINANCIAL DATA (UNAUDITED)

9/30/2024

6/30/2024

3/31/2024

9/30/2023

Income statement data:

$

18,109

$

17,311

$

15,158

$

14,376

$

14,022

931

786

410

1,475

653

17,178

16,525

14,748

12,901

13,369

2,544

1,977

1,651

1,348

1,329

-

14

-

(883)

(955)

109

417

67

105

255

Other income

785

803

746

756

1,532

3,438

3,211

2,464

1,326

2,161

7,200

7,353

6,310

6,104

6,066

Occupancy

1,341

1,266

1,314

1,262

1,350

452

476

433

412

365

161

263

592

642

513

513

479

507

552

481

1,787

1,723

2,018

1,747

1,686

11,454

11,560

11,174

10,719

10,461

9,162

8,176

6,038

3,508

5,069

2,213

1,967

1,426

787

1,250

$

6,949

$

6,209

$

4,612

$

2,721

$

3,819

$

0.35

$

0.32

$

0.23

$

0.14

$

0.20

$

0.35

$

0.31

$

0.23

$

0.14

$

0.19

$

0.05

$

0.05

$

0.05

$

-

$

-

Balance sheet data (at period-end):

$

38,486

$

77,261

$

126,546

$

41,062

$

33,435

$

259,527

$

236,444

$

259,992

$

229,329

$

218,609

$

167,001

$

169,606

$

173,038

$

174,974

$

197,311

$

426,528

$

406,050

$

433,030

$

404,303

$

415,920

(1)

$

1,931,362

$

1,869,249

$

1,821,196

$

1,780,827

$

1,676,520

Allowance for credit losses

$

(23,067)

$

(22,230)

$

(21,454)

$

(21,084)

$

(19,493)

$

2,503,954

$

2,458,270

$

2,489,142

$

2,339,093

$

2,244,602

$

637,313

$

579,243

$

576,626

$

552,762

$

573,546

$

1,489,304

$

1,477,459

$

1,526,168

$

1,384,377

$

1,347,376

$

2,126,617

$

2,056,702

$

2,102,794

$

1,937,139

$

1,920,922

$

118,000

$

162,000

$

162,000

$

183,000

$

102,000

$

2,290,038

$

2,257,250

$

2,294,131

$

2,147,125

$

2,061,718

$

213,916

$

201,020

$

195,011

$

191,968

$

182,884

Capital ratios:

(2)

Leverage ratio

9.34%

9.03%

8.91%

9.28%

9.26%

Common equity tier 1 capital

12.01%

11.93%

11.80%

11.62%

11.97%

Tier 1 risk-based capital

12.01%

11.93%

11.80%

11.62%

11.97%

Total risk-based capital

13.22%

13.12%

12.98%

12.78%

13.10%

(1)Loan amounts include deferred fees/costs.

(2) Reflects the Company's regulatory capital ratios which areprovided for informational purposes only; as a small bank holdingcompany, the Company is not subject

to regulatory capital requirements. The Bank's total risk-basedcapital for third quarter 2024 was 13.14%.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6

AVERAGE BALANCES, RATIOS,AND OTHER DATA (UNAUDITED)

9/30/2024

6/30/2024

3/31/2024

9/30/2023

Average balance sheet data:

$

87,937

$

107,831

$

132,266

$

57,069

$

90,742

$

244,881

$

263,345

$

239,896

$

215,649

$

222,134

$

168,632

$

171,682

$

174,142

$

181,151

$

218,694

$

413,514

$

435,027

$

414,038

$

396,800

$

440,828

(1)

$

1,878,230

$

1,828,487

$

1,781,528

$

1,698,611

$

1,610,864

$

2,485,434

$

2,479,222

$

2,436,103

$

2,268,811

$

2,250,258

$

1,468,067

$

1,473,513

$

1,473,831

$

1,336,470

$

1,353,516

$

609,456

$

610,370

$

574,760

$

577,133

$

587,917

$

2,077,523

$

2,083,883

$

2,048,591

$

1,913,603

$

1,941,433

$

156,043

$

162,000

$

164,187

$

139,000

$

85,326

$

2,278,793

$

2,281,467

$

2,243,011

$

2,085,182

$

2,065,357

$

206,641

$

197,755

$

193,092

$

183,629

$

184,901

Performance ratios:

Return on average assets

(2)

1.11%

1.01%

0.76%

0.48%

0.67%

Return on average equity

(2)

13.38%

12.63%

9.61%

5.88%

8.19%

(2)

3.03%

2.94%

2.62%

2.65%

2.60%

Non-interest income to average assets

(2)

0.55%

0.52%

0.41%

0.23%

0.38%

Non-interest expense to average assets

(2)

1.83%

1.88%

1.84%

1.87%

1.84%

Efficiency ratio

(3)

53.16%

56.33%

63.41%

68.27%

64.64%

Loans by type (at period end):

(4)

Residential real estate

$

283,477

$

256,807

$

237,906

$

204,419

$

188,880

Commercial real estate

$

1,095,112

$

1,053,030

$

1,057,800

$

1,047,593

$

1,005,280

Commercial and industrial

$

246,539

$

248,525

$

228,045

$

219,757

$

212,975

Correspondent banks

$

103,815

$

112,510

$

100,182

$

114,945

$

94,640

Consumer and other

$

198,604

$

194,644

$

194,325

$

191,930

$

173,096

Asset quality data:

Allowance for credit losses to total loans

1.19%

1.19%

1.18%

1.18%

1.16%

Allowance for credit losses to non-performing loans

846%

2,933%

4,705%

4,505%

4,070%

Total non-performing loans

(5)

$

2,725

$

758

$

456

$

468

$

479

Non-performing loans to total loans

0.14%

0.04%

0.03%

0.03%

0.03%

Non-performing assets to total assets

(5)

0.11%

0.03%

0.02%

0.02%

0.02%

Net charge-offs (recoveries of) to average loans

(2)

(0.00)%

(0.00)%

(0.00)%

(0.00)%

(0.00)%

Net charge-offs (recovery) of credit losses

$

(6)

$

(2)

$

(7)

$

(3)

$

(5)

Interest rates and yields:

(2)

Loans

6.32%

6.16%

6.01%

5.79%

5.55%

2.61%

2.80%

2.69%

2.46%

2.52%

5.61%

5.54%

5.34%

5.16%

4.89%

Deposits

(6)

2.66%

2.64%

2.76%

2.53%

2.39%

4.05%

4.03%

4.10%

4.04%

3.19%

3.79%

3.76%

3.86%

3.66%

3.41%

Other information:

Full-time equivalent employees

198

197

199

196

194

(1)Loan amounts include deferred fees/costs.

(2)Annualized.

(3)Efficiency ratio is defined as total non-interest expense dividedby sum of net interest income and total non-interestincome.

(4)Loan amounts exclude deferred fees/costs.

(5)The amounts for total non-performing loans and total non-performingassets are the same at the dates presented since there wasno other real estate owned (OREO)

recorded.

(6) Reflects effect of non-interest-bearing deposits.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7

NET INTEREST MARGIN (UNAUDITED)

2024

2023

Average

Balance

Interest

Yield/Rate

(1)

Average

Balance

Interest

Yield/Rate

(1)

Assets

Interest-earning assets:

Loans

(2)

$

1,878,230

$

29,819

6.32%

$

1,610,864

$

22,523

5.55%

(3)

419,315

2,754

2.61%

445,828

2,833

2.52%

Other interest-earning assets

80,378

989

4.89%

83,479

1,026

4.88%

2,377,923

33,562

5.61%

2,140,171

26,382

4.89%

Non-interest-earning assets

107,511

110,087

$

2,485,434

$

2,250,258

Liabilities and stockholders' equity

Interest-bearing liabilities:

$

57,925

411

2.82%

$

52,080

331

2.52%

Saving and money market deposits

1,084,562

10,064

3.69%

1,011,164

8,779

3.44%

325,580

3,391

4.14%

290,272

2,565

3.51%

Total interest-bearing deposits

1,468,067

13,866

3.76%

1,353,516

11,675

3.42%

156,043

1,587

4.05%

85,326

685

3.19%

1,624,110

15,453

3.79%

1,438,842

12,360

3.41%

609,456

587,917

Other non-interest-bearing liabilities

45,227

38,598

2,278,793

2,065,357

Stockholders' equity

206,641

184,901

Total liabilities and stockholders' equity

$

2,485,434

$

2,250,258

$

18,109

$

14,022

Net interest spread

(4)

1.82%

1.48%

(5)

3.03%

2.60%

(1)Annualized.

(2)Average loan balances include non-accrual loans. Interest income on loans includes accretionof deferred loan fees, net of deferred loan costs.

(3)At fair value except for securities held to maturity. This amount includes FHLBstock.

(4)Net interest spread is the average yield earned on totalinterest-earning assets minus the average rate paid on total interest-bearingliabilities.

(5)Net interest margin is the ratio of net interest income to totalinterest-earning assets.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8

9/30/2024

6/30/2024

3/31/2024

9/30/2023

Pre-tax pre-provision ("PTPP") income:

(1)

$

6,949

$

6,209

$

4,612

$

2,721

$

3,819

Plus: Provision for income taxes

2,213

1,967

1,426

787

1,250

Plus: Provision for credit losses

931

786

410

1,475

653

$

10,093

$

8,962

$

6,448

$

4,983

$

5,722

PTPP return on average assets:

(1)

$

10,093

$

8,962

$

6,448

$

4,983

$

5,722

$

2,485,434

$

2,479,222

$

2,436,103

$

2,268,811

$

2,250,258

PTPP return on average assets

(2)

1.62%

1.45%

1.06%

0.87%

1.01%

Operating net income:

(1)

$

6,949

$

6,209

$

4,612

$

2,721

$

3,819

-

14

-

(883)

(955)

Less: Tax effect on sale of securities

-

(4)

-

224

242

$

6,949

$

6,199

$

4,612

$

3,380

$

4,532

Operating PTPP income:

(1)

$

10,093

$

8,962

$

6,448

$

4,983

$

5,722

-

14

-

(883)

(955)

$

10,093

$

8,948

$

6,448

$

5,866

$

6,677

Operating PTPP return on average assets:

(1)

$

10,093

$

8,948

$

6,448

$

5,866

$

6,677

$

2,485,434

$

2,479,222

$

2,436,103

$

2,268,811

$

2,250,258

Operating PTPP return on average assets

(2)

1.62%

1.45%

1.06%

1.03%

1.18%

Operating return on average assets:

(1)

$

6,949

$

6,199

$

4,612

$

3,380

$

4,532

$

2,485,434

$

2,479,222

$

2,436,103

$

2,268,811

$

2,250,258

Operating return on average assets

(2)

1.11%

1.01%

0.76%

0.59%

0.80%

Operating return on average equity:

(1)

$

6,949

$

6,199

$

4,612

$

3,380

$

4,532

Average equity

$

206,641

$

197,755

$

193,092

$

183,629

$

184,901

Operating return on average equity

(2)

13.38%

12.61%

9.61%

7.30%

9.72%

Operating Revenue:

(1)

$

18,109

$

17,311

$

15,158

$

14,376

$

14,022

Non-interest income

3,438

3,211

2,464

1,326

2,161

-

14

-

(883)

(955)

$

21,547

$

20,508

$

17,622

$

16,585

$

17,138

Operating Efficiency Ratio:

(1)

$

11,454

$

11,560

$

11,174

$

10,719

$

10,461

$

21,547

$

20,508

$

17,622

$

16,585

$

17,138

Operating efficiency ratio

53.16%

56.37%

63.41%

64.63%

61.04%

(1) The Company believes these non-GAAP measurements arekey indicators of the ongoing earnings power of theCompany.

(2)Annualized.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9

9/30/2024

6/30/2024

3/31/2024

9/30/2023

Tangible book value per common share (at period-end):

(1)

$

213,916

$

201,020

$

195,011

$

191,968

$

182,884

Less: Intangible assets

-

-

-

-

-

$

213,916

$

201,020

$

195,011

$

191,968

$

182,884

Total shares issued and outstanding (at period-end):

Total common shares issued and outstanding

Tangible book value per common share

(2)

$

10.90

$

10.24

$

9.92

$

9.81

$

9.36

(1)

$

6,949

$

6,199

$

4,612

$

3,380

$

4,532

Total weighted average diluted shares of common stock

$

0.35

$

0.31

$

0.23

$

0.17

$

0.23

(1)

$

213,916

$

201,020

$

195,011

$

191,968

$

182,884

Tangible total assets

(3)

$

2,503,954

$

2,458,270

$

2,489,142

$

2,339,093

$

2,244,602

8.54%

8.18%

7.83%

8.21%

8.15%

(1)The Company believes these non-GAAP measurementsare key indicators of the ongoing earnings powerof the Company.

(2)Excludes the dilutive effect, if any, of shares of common stock issuable upon exercise of outstandingstock options.

(3) Since the Company has no intangible assets, tangible total assets is the same amount as total assets calculated under GAA EARNINGS PRESENTATION THIRD QUARTER 2024 NASDAQ: USCB USCB FINANCIAL HOLDING | U.S. CENTURY BANK

P.

Exhibit 99.2

FORWARD-LOOKING STATEMENTS This presentationmay contain statements that are not historical in nature and areintended to be, and are hereby identified as, forward-looking statementsfor purposes of the safe harbor provided by Section 21E of theSecurities 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,”“continue,” and “intend,”, the negative of these terms, as well as othersimilar words and expressions of the future, are intended to identifyforward-looking statements. These forward-looking statementsinclude, but are not limited to, statements related to our projectedgrowth, anticipated future financial performance, and management’slong-term performance goals, as well as statements relating tothe anticipated effects on our results of operations and financial conditionfrom expected or potential developments or events, or business andgrowth strategies, including anticipated internal growth and balancesheet restructuring. These forward-looking statements involvesignificant risks and uncertainties that could cause our actualresults to differ materially from those anticipated in such statements.Potential risks and uncertainties include, but are not limited to: thestrength of the United States economy in general and the strengthof the local economies in which we conduct operations; ourability to successfully manage interest rate risk, credit risk,liquidity risk, and other risks inherent to our industry; the accuracyof our financial statement estimatesand assumptions, including the estimates used for our credit lossreserve and deferred tax asset valuation allowance; the efficiencyand effectiveness of our internal control procedures andprocesses; our ability to comply with the extensive laws and regulationsto which

we are subject, including the laws for each jurisdiction where we operate;adverse changes or conditions in the capital and financial markets,including actual or potential stresses in the banking industry;deposit attrition and the level of our uninsured deposits; legislativeor regulatory changes and changes in accounting principles,policies, practices or guidelines, including the on-going effectsof the implementation of the Current Expected Credit Losses (“CECL”)standard; the lack of a significantly diversified loan portfolio and the concentrationin the South Florida market, including the risks of geographic,depositor, and industry concentrations, including our concentrationin loans secured by real estate, in particular, commercial realestate; the effects of climate change; the concentration of ownership ofour common stock; fluctuations in the price of our common stock;our ability to fund or access the capital markets at attractiverates and terms and manage our growth, both organic growth aswell as growth through other means, such as future acquisitions;inflation, interest rate, unemployment rate, and market and monetaryfluctuations; impacts of international hostilities and geopoliticalevents; increased competition and its effect on the pricing of our productsand services as well as our net interest rate spread and netinterest margin; the loss of key employees; the effectivenessof our risk management strategies, including operational risks, including,but not limited to, client, employee, or third-party fraud andsecurity breaches; and other risks described in this presentation andother filings we make with the Securities and Exchange Commission(“SEC”). All forward-looking statements are necessarilyonly estimates of future results, and there can be no assurance that actualresults will not differ materially from expectations. Therefore,you are cautioned not to place undue reliance on any forward-looking

statements. Further, forward-looking statements included in this presentation are made only as of the date hereof, and we undertake no obligation to update or revise any forward-looking statements to reflect events or circumstances occurring after the date on which the statements are made or to reflect the occurrence of unanticipated events, unless required to do so under the federal securities laws. You should also review the risk factors described in the reports USCB Financial Holdings, Inc. filed or will file with the SEC. Non-GAAP Financial Measures This presentation includes financial information determined by methods other than in accordance with generally accepted accounting principles (“GAAP”). This financial information includes certain operating performance measures. Management has included these non-GAAP financial measures because it believes these measures may provide useful supplemental information for evaluating the Company’s expectations and underlying performance trends. Further, management uses these measures in managing and evaluating the Company’s business and intends to refer to them in discussions about our operations and performance. Operating performance measures should be viewed in addition to, and not as an alternative to or substitute for, measures determined in accordance with GAAP, and are not necessarily comparable to non-GAAP measures that may be presented by other companies. Reconciliations of these non-GAAP measures to the most directly comparable GAAP measures can be found in the Non-GAAP financial measures reconciliation tables included in this presentation. All numbers included in this presentation are unaudited unless otherwise noted. 2 Q3 2024 HIGHLIGHTS GROWTH Average deposits increased by $136.1 million or 7.0% compared to the third quarter 2023.

Average loans increased $267.4 million or 16.6% compared to the third quarter 2023. Liquidity sources as of September 30, 2024, aggregated $695 million in on-balance sheet and off-balance sheet sources. Tangible book value per common share (a non-GAAP measure) (1) on September 30, 2024 was $10.90 includes AOCI impact of ($1.94) increased $0.66 or 25.7% annualized from $10.24 in prior quarter end which included an AOCI impact of ($2.62). PROFITABILITY Net income was $6.9 million or $0.35 per diluted share, an increase of $3.1 million or 82.0% compared to the third quarter 2023. Net interest income before provision increased $4.1 million or 29.1% for the quarter compared to the third quarter 2023. ROAA was 1.11% in the third quarter 2024 compared to 0.67% for the third quarter 2023. ROAE was 13.38% in the third quarter 2024 compared to 8.19% for the third quarter 2023. CAPITAL/CREDIT The Company’s Board of Directors declared a cash dividend of $0.05 per share of the Company’s Class A common stock on October 28, 2024. The dividend will be paid on December 5, 2024 to shareholders of record at the close of business on November 15, 2024. At September 30, 2024, four loans were classified as nonaccrual for a total of $2.7 million. ACL coverage ratio was 1.19% at September 30, 2024, and 1.16% at September 30, 2023. (1) Non-GAAP financial measure. See reconciliation in this presentation. 3 HISTORICAL FINANCIALS EOP for Balance Sheet amounts Loans (1) In millions $735 $1,931 2016 2017 2018 2019 2020 2021 2022 2023 Q1 Q2 Q3 2024 2024 2024 Deposits In millions $782 $2,127 2016 2017 2018 2019 2020 2021 2022 2023 Q1 Q2 Q3 2024 2024 2024 Total stockholders' equity In millions $86 $214 2016 2017 2018 2019 2020 2021 2022 2023 Q1 Q2 Q3 2024 2024 2024 ACL/Total Loans (2) 1.17% 1.19% 2016 2017 2018 2019 2020 2021 2022 2023 Q1 Q2 Q3 2024 2024 2024 Net charge -offs ($1,019) ($6) 2016 2017 2018 2019 2020 2021 2022 2023 Q1 Q2 Q3 2024 2024 2024 Nonperforming Assets/Total Assets 1.58% 0.11% 2016 2017 2018 2019 2020 2021 2022 2023 Q1 Q2 Q3 2024 2024 2024 Net Interest Income In millions $30 $59 2016 2017 2018 2019 2020 2021 2022 2023 Q1 Q2 Q3 2024 2024 2024 Efficiency ratio 94.15% 53.16% 2016 2017 2018 2019 2020 2021 2022 2023 Q1 Q2 Q3 2024 2024 2024 PTPP ROAA (3) 0.24% 1.62% 2016 2017 2018 2019 2020 2021 2022 2023 Q1 Q2 Q3 2024 2024 2024 (1) Loan amounts include deferred fees/costs.

(2) ACL was calculated under the CECL standard methodology for all periods after January 1st 2023, and the incurred loss methodology for all periods before. (3) Non-GAAP financial measure. See reconciliation in this presentation. 4 FINANCIAL RESULTS In thousands (except per share data) Q3 2024 Q2 2024 Q3 2023 Balance Sheet (EOP) Total Securities $426,528 $406,050 $415,920 Total Loans (1) $1,931,362 $1,869,249 $1,676,520 Total Assets $2,503,954 $2,458,270 $2,244,602 Total Deposits $2,126,617 $2,056,702 $1,920,922 Total Equity (2) $213,916 $201,020 $182,884 Income Statement Net Interest Income $18,109 $17,311 $14,022 Non-Interest Income $3,438 $3,211 $2,161 Total Revenue $21,547 $20,522 $16,183 Provision for Credit Losses $931 $786 $653 Non-Interest Expense $11,454 $11,560 $10,461 Net Income $6,949 $6,209 $3,819 Diluted Earning Per Share (EPS) $0.35 $0.31 $0.19 Weighted Average Diluted Shares 19,825,211 19,717,167 19,611,897 (1) Loan amounts include deferred fees/costs. (2) Total Equity includes accumulated comprehensive loss of $38.0 million for Q3 2024, $44.7 million for Q2 2024, and $51.2 million for Q3 2023. 5 KEY PERFORMANCE INDICATORS Q3 2024 Q2 2024 Q3 2023 In thousands (except for TBV/share) GROWTH Total Assets (EOP) $2,503,954 $2,458,270 $2,244,602 Total Loans (EOP) $1,931,362 $1,869,249 $1,676,520 Total Deposits (EOP) $2,126,617 $2,056,702 $1,920,922 Tangible Book Value/Share (1)(2) $10.90 $10.24 $9.36 PROFITABILITY Return On Average Assets (ROAA) (3) 1.11% 1.01% 0.67% Return On Average Equity (ROAE) (3) 13.38% 12.63% 8.19% Net Interest Margin (3) 3.03% 2.94% 2.60% Efficiency Ratio 53.16% 56.33% 64.64% Non -Interest Expense/Avg Assets (3) 1.83% 1.88% 1.84% CAPITAL/CREDIT Tangible Common Equity/Tangible Assets (1) 8.54% 8.18% 8.15% Total Risk-Based Capital (4) 13.22% 13.12% 13.10% NCO/Avg Loans (3) 0.00% 0.00% 0.00% NPA/Assets 0.11% 0.03% 0.02% Allowance for Credit Losses/Loans 1.19% 1.19% 1.16% (1) Non-GAAP financial measures.

See reconciliation in this presentation. (2) AOCI effect on tangible book value per share was ($1.94) for Q3 2024, ($2.28) for Q2 2024 and ($2.62) for Q3 2023. (3) Annualized. (4) Reflects the Company's regulatory capital ratios which are provided for informational purposes only; as a small bank holding company, the Company is not subject to regulatory capital requirements. 6 DEPOSIT PORTFOLIO Deposits AVG In millions $1,941 $1,914 $2,049 $2,083 $2,078 $290 $282 $323 $316 $326 $1,011 $1,005 $1,098 $1,101 $1,085 $52 $50 $53 $56 $58 $588 $577 $575 $610 $609 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Non-interest -bearing deposits Money market and savings Interest-bearing checking deposits Time deposits Deposit Cost 2.39% 2.53% 2.76% 2.64% 2.66% Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Commentary Average deposits slightly decreased to $2,078 million compared to the prior quarter and increased $136.1 million or 7.0% compared to the third quarter 2023.

DDA remained at 29% of total average deposits. The quarterly average cost of deposits went up 2 bps during the third quarter of 2024 compared to the prior quarter; however, the monthly average deposit cost for September 2024 was 2.57%. The monthly decrease in deposit cost was due to the Company reducing Money Market rates in conjunction with the Fed Funds decrease during the month. 7 LOAN PORTFOLIO Total Loans (AVG) In millions 2.39% 2.53% 2.76% 2.64% 2.66% Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Loan Yields $1,611 $1,699 $1,782 $1,828 $1,878 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 5.55% 5.79% 6.01% 6.16% 6.32% 0.02% 0.00% 0.00% 0.00% 0.00% 5.37% 5.79% 6.01% 6.16% 6.32% + 79 Q3'23 vs Q3'24 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Loan coupon Lona fees Commentary Average loans increased $49.7 million or 10.8% annualized compared to prior quarter and $267.4 million or 16.6% compared to the third quarter 2023.

Loan coupon increased 16 bps compared to the prior quarter and 79 bps compared to the third quarter 2023. 8 LOAN PRODUCTION Net Loan Production Trend In millions 8.00% 8.00% 8.16% 8.01% 7.75% $135 $55 $150 $46 $131 $91 $155 $108 $157 $83 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Loan Production/Line changes Loan Amortization/payoffs New loans weighted average coupon Loan Composition Trend EOP (1) In millions $948 $1,928 28% 15% 63% 57% 9% 28% Jun-20 Sep-24 Residential real estate commercial real estate Real Estate Loans Commercial and industrial, correspondent banks, and Customer and other (1) Excludes deferred fees/cost. Commentary $146.0 million in new loan production in the third quarter 2024. Weighted average coupon on new loans was 7.75% for third quarter 2024, 143 bps above portfolio weighted average yield. Loan composition shift from real estate loans to non-CRE loans is steadily increasing, further diversifying our loan portfolio. 9 NET INTEREST MARGIN Net Interest Income/Margin (1) In thousands (Except ratios) 2.60% 2.65% 2.62% 2.94% 3.03% $14,022 $14,376 $15,158 $17,311 $18,109 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Net Interest Income NIM Interest-Earning Assets Mix (AVG) 4% 2% 5% 4% 3% 21% 19% 18% 19% 18% 75% 79% 77% 77% 79% Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Total Loans Investment Securities Cash Balances & Equivalents Commentary Net interest income increased $798 thousand or 18.3% annualized compared to prior quarter and $4.1 million or 29.1% compared to the third quarter 2023.

Net interest margin increased 9 bps compared to prior quarter and 43 bps compared to third quarter 2023. NIM drivers: Interest earning asset mix improving at higher yields. Deposit cost remained stable. (1) Annualized. 10 INTEREST RATE SENSITIVITY Loan Portfolio Repricing Profile by Rate Type Hybrid ARM 3% Fixed Rate 44% Variable Rate 53% 23% 12% 65% Prime CMT SQFR Loan Repricing Schedule Variable/Hybrid Rate Loans 29% 38% 12% 21% yrs.

1-2 yrs. 2-3 yrs. >3 yrs.

Static NII Simulation Year 1 & 2 $4,000 $3,000 $2,000 $1,000 -100 +100 -100 +100 $0 -1.4% 0.7% -5.5% 4.1% -$1,000 -$2,000 -$3,000 -$4,000 -$5,000 Net Interest Income change from base ($ in thousands and % change) 11 ASSET QUALITY Allowance for Credit Losses In thousands (except ratios) 1.16% 1.18% 1.18% 1.19% 1.19% $19,493 $21,084 $21,454 $22,230 $23,067 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Allowance for credit losses ACL/Total loans Non-performing Loans In thousands (except ratios) 0.03% 0.03% 0.03% 0.04% 0.14% $479 $468 $456 $759 $2,725 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Non-accrual loans Non-performing loans to total loans Classified Loans (1) to Total Loans 0.27% 0.53% 0.44% 0.45% 0.36% Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Commentary Allowance for credit losses increased $837 thousand compared to prior quarter and $3.6 million compared to third quarter 2023. ACL coverage ratio was at 1.19% as of September 30, 2024. One C&I loan for $420 thousand, one consumer loan for $1,991 thousand, and one residential real estate loan for $314 thousand were classified as nonaccrual as of September 30, 2024. (1) Loans classified as substandard at period end. No loans classified doubtful at all the dates presented. 12 LOAN PORTFOLIO MIX Loan Portfolio Mix (1) 10% 15% 10% 47% 13% 5% $1,928 MM(1) Residential real estate CRE – Owner occupied CRE – Non-owner occupied Commercial and industrial Correspondent banks Consumer and other Commentary Total loan balance at quarter end was $1,928 million (1).

Commercial Real Estate (owner occupied and non-owner occupied) was 57% or $1,095 million of the total loan portfolio(1). CRE mix is diversified and granular. Retail non-owner occupied makes up 27% of total CRE or $297.1 million. CRE Loan Mix Land/Construction 3% Other 3% Retail 27% Multifamily 18% CRE - Owner Occupied 17% Office 11% Warehouse 12% Hotels 9% $1,095MM As of 9/30/24 Excludes deferred fees/cost Includes loan types: office, warehouse, retail, and other CRE Loan Portfolio (non-owner occupied and owner occupied) Weighted Average Loan Type Outstanding Balance (1) LTV (2) DSCR (3) Average Loan Size (1) Retail $316 57% 1.53 $3.0 Multifamily $203 56% 1.33 $1.6 Office $182 56% 1.94 $1.5 Warehouse $187 57% 2.25 $1.6 Hotel $96 59% 2.23 $4.8 Other $75 57% 2.07 $1.7 Land/Construction $36 45% NA $2.1 (1) Balance in millions. Excludes deferred fees/cost. (2) LTV - Loan to value ratio. (3) DSCR - Debt service coverage ratio. 13 CRE OFFICE PORTFOLIO Owner Occupied Office by Business Type In Millions as of 9/30/2024 $19.2 30% $16.4 25% $24.8 38% $4.4 7% Medical/Dental Other Professional Other <$1MM Commentary Total office loan portfolio (owner occupied and non-owner occupied) had 120 notes with an average balance of $1.5 million, LTV of 56%, and DSCR of 1.94X at quarter end.

The largest business type in the office portfolio is multi-tenant with 46% of the portfolio. South Florida’s office sector outperforms the national average with a lower vacancy rate of 12% and with a positive net absorption for three straight years as of Q1 2024. All three major markets within South Florida were ranked in the top 10 nationally for year-over-year rent growth. (1) Non-Owner Occupied Office by Business Type $12.1 11% $83.0 71% $16.3 14% $4.9 4% Multi-Tenant Medical/Dental Other <$1MM Office Loan Portfolio Maturities and Repricing < 1 year 1 year to 3 years 3 years to 5 years 5 years to 10 years > 10 years 11% 28% 49% 12% 0% CRE Office Key Metrics As of 9/30/240 Avg. Loan Size in millions $1.5 NCOs / Average Loans 0.00% Delinquencies / Loans 0.00% Nonaccruals / Loans 0.00% Classified Loans / Loans 0.00% (1) Data points source: CBRE, a NYSE-listed and worldwide commercial real estate services & investment company with clients in 100+ countries, including over 95% of the Fortune 100. Published March 2024. 14 NON-INTEREST INCOME In thousands (except ratios) Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Total service fees $2,544 $1,977 $1,651 $1,348 $1,329 Wire fees $563 $557 $521 $518 $502 Swap fees $1,285 $650 $285 $16 $97 Other $696 $770 $845 $814 $730 Gain (loss) on sale of securities available for sale - 14 - (883) (955) Gain on sale of loans held for sale 109 417 67 105 255 Other income 785 803 746 756 1,532 Total non-interest income $3,438 $3,211 $2,464 $1,326 $2,161 Average total assets $2,485,434 $2,479,222 $2,436,103 $2,268,811 $2,250,258 Non-interest income/Average assets (1) 0.55% 0.52% 0.41% 0.23% 0.38% Commentary Service fees increased year over year due to loan swap fees and wire fees.

Gain on sale of SBA 7a loans represent $109 thousand for the third quarter 2024. Non-interest income is 16.0% of total revenue for third quarter 2024 and 0.55% to average assets; both metrics are higher than prior quarters. (1) Annualized. 15 NON-INTEREST EXPENSE In thousands (except ratios) Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Salaries and employee benefits $7,200 $7,353 $6,310 $6,104 $6,066 Occupancy 1,341 1,266 1,314 1,262 1,350 Regulatory assessments and fees 452 476 433 412 365 Consulting and legal fees 161 263 592 642 513 Network and information technology services 513 479 507 552 481 Other operating expense 1,787 1,723 2,018 1,747 1,686 Total non-interest expense $11,454 $11,560 $11,174 $10,719 $10,461 Efficiency ratio 53.16% 56.33% 63.41% 68.27% 64.64% Average total assets $2,485,434 $2,479,222 $2,436,103 $2,268,811 $2,250,258 Non-interest expense / Average assets (1) 1.83% 1.88% 1.84% 1.87% 1.84% Full-time equivalent employees 198 197 199 196 194 Commentary Salaries and benefits decreased $153 thousand compared to the prior quarter due to higher incentives paid in the second quarter 2024. Consulting and legal fees decreased $102 thousand compared to the prior quarter due to reimbursement of legal expenses. Non-interest expense to average assets remained under 2% for all periods. Efficiency ratio improved for the third quarter 2024 primarily due to strong growth in non-interest income and a slight decrease in non-interest expenses. (1) Annualized. 16 CAPITAL Capital Ratios Q3 2024 Q2 2024 Q3 2023 Well-Capitalized Leverage Ratio 9.34% 9.03% 9.26% 5.00% TCE/TA 8.54% 8.18% 8.15% NA Tier 1 Risk-Based Capital 12.01% 11.93% 11.97% 8.00% Total Risk - Based Capital 13.22% 13.12% 13.10% 10.00% AOCI ($38.0) ($44.7) ($51.2) In Millions Commentary The Company paid in September 2024 a cash dividend of $0.05 per share of the Company’s Class A common stock; the aggregate distributed dividend amount was $1.0 million.

During the quarter, the Company repurchased 10,000 shares of common stock at a weighted average cost per share of $12.03. 537,980 shares remained authorized for repurchase under the Company’s share repurchase programs at September 30, 2024. Q3 2024 EOP common stock shares outstanding: 19,620,632. (1) Reflects the Company's regulatory capital ratios which are provided for informational purposes only; as a small bank holding company, the Company is not subject to regulatory capital requirements. (2) Non-GAAP financial measures. See reconciliation in this presentation. 17 TAKEAWAYS Leading franchise located in one of the most attractive banking markets in Florida and the U.S. Robust organic growth Strong asset quality, with minimal charge-offs experienced since 2015 recapitalization Experienced and tested management team Strong profitability, with pathway for future enhancement identified Core funded deposit base with 30% non-interest-bearing deposits (EOP) 18

APPENDIX - NON-GAAP RECONCILIATION APPENDIX- NON-GAAP RECONCILIATION In thousands (exceptratios) Pre-tax pre-provision ("PTPP") income: Net incomePlus: Provision for income taxes Plus: Provision for credit lossesPTPP income PTPP return on average as sets: As of or For theThree Months Ended 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023$ 6,949 $ 6,209 $ 2,213 1,987 4,812$ 1,428 2,721 $ 3,819 787 1,250 931 786 410 1,475 853 10,0938,982 $ 6,448 $ 4,983 $ 5,722 (1) PTPP in come Averageassets PTPP return on average assets $ 10,093 $ 8,962 $ 8,448$ 4,983 $ 5,722 $ 2,485,434 $ 2,479,222 $ 2,438,103 $ 2,288,811$ 2,250,258 (2) 1.62% 1.45% 1.08% 0.87% 1.01% Operating netincome: Net income Less: Net gains (losses) on sale of securities Less:Tax effect on sale of securities Operating net income(1) $ 6,949 $ 6,209 $ 4,812 $ 2,721 $ 3,819 14 (883) (955) (4)224 242 $ 6,949 $ 6,199 $ 4,812 $ 3,380 $ 4,532 Operating PTPP income:PTPP in come (1) $ 10,093 $ 8,982 $ 6,448 $ 4,983 $ 5,722 Less: Netgains (losses) on sale of securities Operating PTPP in come14 (883) (955) $ 10,093 $ 8,948 $ 6,448 5,886 $ 6,677 OperatingPTPP return on average as sets: (1) Operating PTPP income $10,093 $ 8,948 Average assets $ 2,485,434 $ Operating PTPPreturn on average assets (2) 1.62% 2,479,222 1.45% $ $ 2,438,1031.08% 8,448 $ 5,886 $ 6,677 $ 2,268,811 1.03% $ 2,250,2581.18% Operating return on average as sets: (1) Operating netincome 6,949 6,199 4,812 $ Average assets Operating return on averageassets (2) $ 2,485,4341.11% $ 2,479,222 1.01% $ 2,438,103 $ 0.76% 3,380 2,288,8110.59% 4,532 $ 2,250,258 0.80% Operating return on averageequity: (1) Operating net income Average equity 19 19 Operating returnon average equity (2) 6,949 $ 206,641 6,199 $ $ 197,755 $ 13.38%12.81% 4,812 $ 193,092 $ 9.61% 3,380 $ 183,629 7.30%

$ 4,532 184,901 9.72% Operating Revenue: (1) Net interest income $ Non -interest income 18,109 $ 3,438 17,311 $ Less: Net gains (losses) on sale of securities 3,211 14 15,158 $ 2,484 14,376 5 14,022 1,326 2,161 (883) (955) Operating revenue 21,547 $ 20,508 $ 17,822 $ 16,585 $ 17,138 Operating Efficiency Ratio: Total non-interest expense Operating revenue Operating efficiency rato $ 11,454 $ 21,547 $ 53.16% 11,560 $ 20,508 $ 56.37% 11,174 $ 17,822 $ 63.41% 10,719 $ 10,461 16,585 $ 64.63% 17,138 61.04% (1) The Company believes these non-GAAP measurements are key indicators of the ongoing earnings power of the Company. 19 (2) Annualized. 19 APPENDIX - NON-GAAP RECONCILIATION In thousands (except ratios and share data) 9/30/2024 3/31/2024 As of or For the Three Months Ended 6/30/2024 12/31/2023 9/30/2023 Tangible book value per common share (at period-end): (1) Total stockholders' equity $ 213,916 $ 201,020 $ 195,011 $ 191,968 $ 182,884 Less: Intangible assets Tangible stockholders' equity Total common shares issued and outstanding $ 213,916 $ 201,020 $ 195,011 S 191,968 $ 182,884 Total shares issued and outstanding (at period-end): 19,620,632 19,630,632 19,650,463 19,575,435 19,542,290 Tangible book value per common share (2) $ 10.90 $ 10.24 $ 9.92 $ 9.81 $ 9.36 Operating diluted net income per common share: (1) Operating net income $ 6,949 $ 6,199 $ Total weighted average diluted shares of common stock 19,825,211 19,717,167 4,612 $ 19,698,258 19,573,350 Operating diluted net income per common share: $ 0.35 $ 0.31 $ 0.23 $ 3,380 $ 4,532 19,611,897 0.17 $ 0.23 Tangible Common Equity/Tangible Assets (1) Tangible stockholders' equity $ Tangible total assets (3) $ Tangible Common Equity/Tangible Assets 213,916 $ 2,503,954 $ 8.54% 201,020 $ 2,458,270 $ 8.18% 195,011 $ 2,489,142 $ 7.83% 191,968 $ 2,339,093 $ 8.21% 182,884 2,244,602 8.15% (1) The Company believes these non-GAAP 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 total assets is the same amount as total assets calculated under GAAP. 20 CONTACT INFORMATION LOU DE LA AGUILERA Chairman, President & CEO (305) 715-5186 laguilera@uscentury.com ROB ANDERSON EVP, Chief Financial Officer (305) 715-5393 rob.anderson@uscentury.com INVESTOR RELATIONS InvestorRelations@uscentury.com 21