securities              -               -              14               -            (883) 
                    ---------       ---------       ---------       ---------       --------- 
      Operating 
       revenue     $   22,985      $   21,547      $   20,508      $   17,622      $   16,585 
                    =========       =========       =========       =========       ========= 
 
Operating 
Efficiency 
Ratio:(1) 
   Total 
    non-interest 
    expense        $   12,854      $   11,454      $   11,560      $   11,174      $   10,719 
   Operating 
    revenue        $   22,985      $   21,547      $   20,508      $   17,622      $   16,585 
      Operating 
       efficiency 
       ratio            55.92%          53.16%          56.37%          63.41%          64.63% 
 
(1) The Company believes these non-GAAP measurements 
 are key indicators of the ongoing earnings power of 
 the Company. 
(2) Annualized. 
 
 
 
                                       USCB FINANCIAL HOLDINGS, INC. 
                                  NON-GAAP FINANCIAL MEASURES (UNAUDITED) 
                               (Dollars in thousands, except per share data) 
 
                                                As of or For the Three Months Ended 
                        ----------------------------------------------------------------------------------- 
                          12/31/2024        9/30/2024        6/30/2024        3/31/2024       12/31/2023 
Tangible book value 
per common share (at 
period-end):(1) 
    Total 
     stockholders' 
     equity             $   215,388      $   213,916      $   201,020      $   195,011      $   191,968 
    Less: Intangible 
    assets                        -                -                -                -                - 
      Tangible 
       stockholders' 
       equity           $   215,388      $   213,916      $   201,020      $   195,011      $   191,968 
  Total shares issued 
  and outstanding (at 
  period-end): 
    Total common 
     shares issued and 
     outstanding         19,924,632       19,620,632       19,630,632       19,650,463       19,575,435 
                         ----------       ----------       ----------       ----------       ---------- 
      Tangible book 
       value per 
       common 
       share(2)         $     10.81      $     10.90      $     10.24      $      9.92      $      9.81 
                         ==========       ==========       ==========       ==========       ========== 
 
Operating diluted net 
income per common 
share:(1) 
    Operating net 
     income             $     6,904      $     6,949      $     6,199      $     4,612      $     3,380 
    Total weighted 
     average diluted 
     shares of common 
     stock               20,183,731       19,825,211       19,717,167       19,698,258       19,573,350 
                         ----------       ----------       ----------       ----------       ---------- 
      Operating 
       diluted net 
       income per 
       common share:    $      0.34      $      0.35      $      0.31      $      0.23      $      0.17 
                         ==========       ==========       ==========       ==========       ========== 
 
Tangible Common 
Equity/Tangible 
Assets(1) 
  Tangible 
   stockholders' 
   equity               $   215,388      $   213,916      $   201,020      $   195,011      $   191,968 
  Tangible total 
   assets(3)            $ 2,581,216      $ 2,503,954      $ 2,458,270      $ 2,489,142      $ 2,339,093 
      Tangible Common 
       Equity/Tangible 
       Assets                  8.34%            8.54%            8.18%            7.83%            8.21% 
 
(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. 
 
 

(END) Dow Jones Newswires

January 23, 2025 16:30 ET (21:30 GMT)