FORWARD-LOOKING STATEMENTS This presentation
may contain statements that are not historical in nature and are
intended to be, and are hereby identified as, forward-looking statements
for purposes of the safe harbor provided by Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking statements
are those that are not historical facts. The words “may,” “will,”
“anticipate,” “could,” “ should,” “would,” “believe,” “contemplate,”
“expect,” “aim,” “plan,” “estimate,” “continue,” “seek,” and
“intend,” the negative of these terms, as well as other similar words and expressions
of the future, are intended to identify forward-looking statements. These
forward-looking statements include, but are not limited to, statements
related to our projected growth, anticipated future
financial performance, and management’s long-term performance
goals, as well as statements relating to the anticipated effects
on our results of operations and financial condition from expected or potential
developments or events, or business and growth strategies, including
anticipated internal growth and balance sheet restructuring.
These forward-looking statements involve significant risks and uncertainties
that could cause our actual results 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 in which we conduct
operations; our ability to successfully manage interest rate
risk, credit
risk, liquidity risk, and other risks inherent to our industry; the
accuracy of our financial statement estimates and assumptions,
including the estimates used for our credit loss reserve and deferred
tax asset valuation allowance; the efficiency and effectiveness of our internal
control procedures and processes; our ability to comply with
the extensive laws and regulations to
which we are subject, including the laws for each jurisdiction 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; legislative
or regulatory changes and changes in accounting principles, policies,
practices or guidelines, including the on-going effects of the
implementation of the Current Expected Credit Losses (“CECL”)
standard; the lack of a significantly diversified loan portfolio
and the concentration in the South Florida market, including the risks
of geographic, depositor, and industry concentrations, including
our concentration in loans secured by real estate, in particular,
commercial real estate; the effects of climate change; the concentration
of ownership of our common stock; fluctuations in the price of our
common stock; our ability to fund or access the capital
markets at attractive rates and terms and manage our growth, both
organic growth as well as growth through other means, such as future
acquisitions; inflation, interest rate, unemployment rate, and
market and monetary fluctuations; the effects of potential new or
increased tariffs and trade restrictions; impacts of international
hostilities and geopolitical events; increased competition and
its effect on the pricing of our products and services as well as our
net interest rate spread and net interest margin; the loss of key employees;
the effectiveness of our risk management strategies, including operational
risks, including, but not limited to, client, employee, or third-party
fraud and security breaches; and other risks described in this
presentation and other filings we make with the Securities and
Exchange Commission (“SEC”). All forward-looking statements
are necessarily only estimates of future results, and there
can be no assurance that actual results 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 securi ties 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 Q1 2025 HIGHLIGHTS GROWTH Average deposits increased by $166.6 million or 8.1% compared to the first quarter 2024.
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