USCB Financial Holdings Posts Record Q1 as South Florida Bank Eyes Treasure Coast Growth

USCB Financial Holdings, the Miami-based bank holding company that operates U.S. Century Bank, reported a record first quarter in 2026, posting $9.4 million in net income.

The company reported diluted earnings of $0.51 per share on a GAAP basis for the quarter ending March 31, 2026, according to an earnings call transcript filed with the company's public disclosures. On an adjusted operating basis, earnings came in at $0.47 per diluted share, with a return on average equity of 15.92% and an efficiency ratio of 52.36%.

Total assets reached $2.8 billion, up 6.3% year-over-year. The loan book grew 10.1% over the same period, driven by $188 million in gross loan production during the quarter — more than half of which closed in March alone. Deposits climbed 8% year-over-year to $2.5 billion, while deposit costs fell to 2.2%, down 29 basis points from the same quarter a year earlier.

"Consistent, efficient, profitable performance based on conservative risk management is what a team focuses on consistently delivering," Chairman, President and CEO Luis de la Aguilera said during the earnings call.

Net interest margin held at 3.27%, up from 3.1% a year prior. Nonperforming loans remained at just 0.16% of total loans. The board declared a quarterly cash dividend of $0.125 per share in April.

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