USCB Financial Holdings, Inc. (NASDAQ: USCB) (“the company”) is a $2.7 billion bank holding company headquartered in Miami, Florida. Established in 2002, the primary subsidiary, U.S. Century Bank (“the bank”), operates a 10-branch footprint in the Miami-Dade MSA. The bank underwent a $65 million recapitalization in 2015 and launched a $40 million IPO in July 2021. USCB’s growth strategy has exclusively focused on organic initiatives, though may dip into M&A opportunistically.
The $2 billion loan portfolio is commercially oriented, with investor CRE (including multi-family) comprising the largest portion of the portfolio at 47% followed by C&I lending, including owner-occupied CRE, at 23%, and C&D representing 3%. The remainder of the portfolio includes residential mortgage (15%), consumer (11%), and other loans (1%).
Complementing the bank’s retail and commercial banking services, the bank offers a variety of product lines such as…
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