What changed in this filing

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Item 1. Financial Statements

2026-08-07 compared with 2026-05-08 · 451 added, 305 removed, 1203 unchanged (39% of the section changed)

3 unchanged sentences

(Dollars in thousands, except share data)

March 31, 2026

June 30, 2026

December 31, 2025

28 unchanged sentences

per share liquidation preference;

issued and outstanding as of March 31, 2026

issued and outstanding as of June 30, 2026

and December 31, 2025

1 unchanged sentence

per share liquidation preference;

issued and outstanding as of March 31, 2026

issued and outstanding as of June 30, 2026

and December 31, 2025

1 unchanged sentence

per share liquidation preference;

issued and outstanding as of March 31, 2026

issued and outstanding as of June 30, 2026

and December 31, 2025

1 unchanged sentence

shares authorized;

outstanding as of March 31, 2026,

outstanding as of June 30, 2026,

issued and outstanding as of December 31,

1 unchanged sentence

shares authorized;

outstanding as of March 31, 2026 and December

outstanding as of June 30, 2026 and December

Additional paid-in capital on common stock

11 unchanged sentences

except per share data)

Three Months Ended March 31,

Three Months Ended June 30,

Six Months Ended June 30,

Interest income:

41 unchanged sentences

Three Months Ended

Six Months Ended

Other comprehensive (loss) income:

Unrealized (loss) gain on investment securities

Unrealized gain (loss) on investment securities available

Reclassification adjustment for amortization of net

unrealized losses on securities transferred from available-

for-sale to held-to-maturity

unrealized losses

on securities transferred from available-for-sale to held-to-maturity

Reclassification adjustment for realized gains included

17 unchanged sentences

Stockholders'

Balance at March 31, 2026

Other comprehensive loss

Exercise of stock options

Dividend payment

Stock-based compensation

Balance at June 30, 2026

Balance at March 31, 2025

Other comprehensive loss

Exercise of stock options

Dividend payment

Stock-based compensation

Balance at June 30, 2025

The accompanying notes are an integral

part of these consolidated financial statements.

USCB Financial Holdings, Inc.

Q2 2026 Form 10-Q

Additional Paid-in

Capital on Common

Accumulated Other

Comprehensive

Stockholders'

Balance at December 31, 2025

5 unchanged sentences

Stock-based compensation

Balance at March 31, 2026

Balance at June 30, 2026

Balance at December 31, 2024

5 unchanged sentences

Stock-based compensation

Balance at March 31, 2025

Balance at June 30, 2025

The accompanying notes are an integral

5 unchanged sentences

(Dollars in thousands)

Three Months Ended March 31,

Six Months Ended June 30,

Cash flows from operating activities:

3 unchanged sentences

Depreciation and amortization

Accretion of premiums on securities, net

Accretion of premiums on investment securities,

Amortization of deferred loan fees, net

7 unchanged sentences

Amortization of subordinated debt issuance

Deferred income tax expense (benefit)

Deferred income tax expense

Net change in operating assets and liabilities:

26 unchanged sentences

Net cash provided by financing activities

Net increase in cash and cash equivalents

Net increase (decrease) in cash and

cash equivalents

Cash and cash equivalents at beginning

2 unchanged sentences

Interest paid

Lease liabilities

The accompanying notes are an integral

68 unchanged sentences

value of investment securities at the dates indicated (in

March 31, 2026

June 30, 2026

Available-for-sale:

5 unchanged sentences

Bank subordinated debt securities

March 31, 2026

June 30, 2026

Held-to-maturity:

3 unchanged sentences

Mortgage-backed securities - commercial

Corporate bonds

Allowance for credit losses - securities held-to-maturity

25 unchanged sentences

is retained in

USCB FINANCIAL HOLDINGS, INC.

Notes to the Consolidated Financial Statements - Unaudited

USCB Financial Holdings, Inc.

Q1 2026 Form 10-Q

other comprehensive

2 unchanged sentences

HTM securities

USCB FINANCIAL HOLDINGS, INC.

Notes to the Consolidated Financial Statements - Unaudited

USCB Financial Holdings, Inc.

Q2 2026 Form 10-Q

are amortized

3 unchanged sentences

portfolios in 2022.

During the quarter ended March 31, 2026, there were

investment securities that were transferred from AFS to HTM.

For three months ended March 31, 2026, total amortization

out of AOCL for net unrealized losses on securities

in 2022 from AFS to HTM

thousand and $

thousand for the three months

ended March 31, 2025.

During the quarter ended

June 30, 2026, there were

investment securities that

were transferred from AFS

three months ended

June 30, 2026, total

amortization out of

unrealized losses on

securities transferred

June 30, 2025.

2026, the fair value

38 unchanged sentences

ratings are monitored

by the Company on at least

a quarterly basis.

As of March 31, 2026

and December 31, 2025, all HTM securities held by

by the Company on at least a quarterly basis.

As of June 30, 2026 and December

31, 2025, all HTM securities held by the

Company were rated investment grade.

Agency issued

mortgage-backed

The remaining

in investment

corporate bonds that mature in May of

The required reserve for these holdings

is determined each quarter using the

non-government

PD/LGD methodology

debt securities

classified as

represents amortized cost less the ACL related to these securities.

guarantees associated with these securities,

management determined that no ACL was

required as of June 30, 2026.

Company utilizes a

PD/LGD methodology to

estimate expected credit

HTM securities exposed

to non-government

of December 31,

2025, the ACL

for HTM securities

represents amortized cost less the related ACL.

The Company’s investment portfolio

15 unchanged sentences

that no allowance was required on AFS securities as of

March 31, 2026.

USCB FINANCIAL HOLDINGS, INC.

Notes to the Consolidated Financial Statements - Unaudited

USCB Financial Holdings, Inc.

Q1 2026 Form 10-Q

June 30, 2026 and as of December 31, 2025.

Information pertaining

9 unchanged sentences

dates (in thousands):

March 31, 2026

June 30, 2026

Less than 12 months

7 unchanged sentences

Bank subordinated debt securities

USCB FINANCIAL HOLDINGS, INC.

Notes to the Consolidated Financial Statements - Unaudited

USCB Financial Holdings, Inc.

Q2 2026 Form 10-Q

December 31, 2025

26 unchanged sentences

fluctuations in market spreads and interest rate movements, rather than adverse changes in the underlying credit quality of

USCB FINANCIAL HOLDINGS, INC.

Notes to the Consolidated Financial Statements - Unaudited

USCB Financial Holdings, Inc.

Q1 2026 Form 10-Q

not intend to

sell the investments

before recovery

of its amortized

be at maturity,

and it is more likely than not that the Company will not

be required to sell the securities before maturity.

identification basis.

The following table presents the proceeds, realized gross gains and realized gross losses on sales and

calls of AFS debt securities for the three months ended

March 31, 2026 and 2025 (in thousands):

Three Months Ended March 31,

calls of AFS debt securities for the three and six months

ended June 30, 2026 and 2025 (in thousands):

Three Months Ended June 30,

Six Months Ended June 30,

Available-for-sale:

16 unchanged sentences

Held-to-maturity

March 31, 2026:

June 30, 2026:

Due within one year

6 unchanged sentences

Mortgage-backed securities - commercial

At March 31, 2026, there were no securities held in the portfolio from any

one issuer in an amount greater than 10% of

At June 30, 2026, there

were no securities

portfolio from any

one issuer in

an amount greater

stockholders’

collateralized mortgage obligations

and mortgage-backed

securities at

March 31, 2026 and

December 31, 2025 were

collateralized mortgage obligations and mortgage-backed securities at June 30, 2026 and December 31, 2025 were issued

Government entities.

USCB FINANCIAL HOLDINGS, INC.

Notes to the Consolidated Financial Statements - Unaudited

USCB Financial Holdings, Inc.

Q2 2026 Form 10-Q

The Bank is a Qualified Public Depository (“QPD”) with the State of Florida.

2 unchanged sentences

municipalities,

securities pledged to the

State of Florida at

quarter daily average balance

for quarters ended March 31,

securities pledged to the State of Florida at a ratio of

% of the quarter daily average balance for quarters ended June 30,

December 31, 2025.

2 unchanged sentences

funds program.

As of March 31,

million in deposits

under the public

funds program and

to the State of Florida for these public funds were

As of June 30, 2026, the Bank

had a total of $

million in deposits under the

public funds program and pledged to

the State of Florida for these public funds were

bonds with an aggregate fair value of $

4 unchanged sentences

bonds with an aggregate fair value of $

USCB FINANCIAL HOLDINGS, INC.

Notes to the Consolidated Financial Statements - Unaudited

USCB Financial Holdings, Inc.

Q1 2026 Form 10-Q

The following table is a summary of the distribution of loans

held for investment by type (dollars in thousands):

March 31, 2026

June 30, 2026

December 31, 2025

51 unchanged sentences

Changes in the value of underlying collateral

USCB FINANCIAL HOLDINGS, INC.

Notes to the Consolidated Financial Statements - Unaudited

USCB Financial Holdings, Inc.

Q2 2026 Form 10-Q

The effect of other external factors:

3 unchanged sentences

Changes in the loan review system

USCB FINANCIAL HOLDINGS, INC.

Notes to the Consolidated Financial Statements - Unaudited

USCB Financial Holdings, Inc.

Q1 2026 Form 10-Q

Changes in the ACL for the three months ended March

Changes in the ACL for the three and six months ended June

30, 2026 and 2025 were as follows (in thousands):

Correspondent

Three Months Ended March 31, 2026

Three Months Ended June 30, 2026

Beginning balance

1 unchanged sentence

Ending Balance

Six Months Ended June 30, 2026

Beginning balance

Provision for credit losses

Ending Balance

(1) Provision for credit losses excludes a $

thousand provision due to unfunded commitments included in accrued interest and

other liabilities.

(2) Provision for credit losses excludes a $

thousand provision due to unfunded commitments included in accrued interest and

other liabilities and a $

1 unchanged sentence

Correspondent

Three Months Ended March 31, 2025

Three Months Ended June 30, 2025

Beginning balance

1 unchanged sentence

Ending Balance

Six Months Ended June 30, 2025

Beginning balance

Provision for credit losses

Ending Balance

(1) Provision for credit losses excludes a $

thousand provision due to unfunded commitments included in accrued interest and other

liabilities and a $

thousand release related to investment securities held to maturity.

million compared

December 31, 2025.

thousand increase in the ACL was

primarily attributable to loan portfolio growth, partially offset by

lower expected loss rates

resulting from improvements in the economic forecast.

loans for the

ended March 31,

originated in

Charge-offs for the three months ended March

31, 2025 totaled $

thousand and were all originated in 2025.

thousand provision due to unfunded commitments included in accrued interest and

other liabilities and a $

thousand provision related to investment securities held to maturity.

(2) Provision for credit losses excludes a $

thousand provision due to unfunded commitments included in accrued interest and

other liabilities a $

thousand provision related to investment securities held to maturity.

commercial real estate ("CRE") and commercial and industrial

("C&I") portfolios.

USCB FINANCIAL HOLDINGS, INC.

2 unchanged sentences

Q2 2026 Form 10-Q

The ACL and the outstanding

balances in the specified

loan categories as of March

31, 2026 and December 31,

related to loans originated

in 2026 and $

thousand related to

loans originated in

related to loans

June 30, 2026

thousand related

originated in

thousand related to loans originated in 2025.

Charge offs for the three months ended June 30, 2025 totaled $

thousand, of which $

thousand related to loans

ended June 30, 2025 totaled $

thousand, of which $

thousand related to loans originated in 2022 and $

related to loans originated in 2025.

outstanding balances

specified loan

categories as

December 31, 2025

are as follows (in thousands):

1 unchanged sentence

Correspondent

March 31, 2026:

June 30, 2026:

Allowance for credit losses:

32 unchanged sentences

credit position at some future date.

USCB FINANCIAL HOLDINGS, INC.

Notes to the Consolidated Financial Statements - Unaudited

USCB Financial Holdings, Inc.

Q2 2026 Form 10-Q

– Loans classified as substandard are inadequately protected

13 unchanged sentences

– Loans classified as loss are considered uncollectible.

USCB FINANCIAL HOLDINGS, INC.

Notes to the Consolidated Financial Statements - Unaudited

USCB Financial Holdings, Inc.

Q1 2026 Form 10-Q

Loan credit exposures by internally assigned grades are

presented below for the periods indicated (in thousands):

As of March 31, 2026

As of June 30, 2026

Term Loans by Origination Year

37 unchanged sentences

of the loans.

The following

tables include

total non-accruing

December 31, 2025 (in thousands):

As of March 31, 2026

As of June 30, 2026

Residential real estate:

29 unchanged sentences

The following

table includes

the amortized

on non-accrual

December 31, 2025 (in thousands):

March 31, 2026

June 30, 2026

Loans With No

13 unchanged sentences

interest income

attributable to non-accrual loans outstanding during the three

months ended March 31, 2026 and 2025.

Interest income on

these loans for the three months ended March

31, 2026 and 2025, would have been

income on these loans for the three months ended June 30, 2026 and 2025, would have been

approximately $

thousand, respectively, had these loans performed

in accordance with

their original terms.

Interest income on

loans for the six months ended June 30, 2026 and 2025, would have been approximately $

thousand and $

thousand, respectively,

had these loans performed in accordance with their

original terms.

respectively, had

these loans performed in accordance with their original

USCB FINANCIAL HOLDINGS, INC.

10 unchanged sentences

loans related

financial difficulty by type of collateral as of March

financial difficulty by type of collateral as of June

30, 2026 and December 31, 2025 (in thousands):

March 31, 2026

June 30, 2026

Collateral Type

14 unchanged sentences

collateral method

allowance for

the difference

to determine if an

allowance for credit

loss reserve is

The ACL is measured

based on the difference

the collateral

6 unchanged sentences

Loan Modifications to Borrowers Experiencing Financial

March 31, 2026.

The Company had

new modifications to

modifications

June 30, 2026 and

new modification to

borrowers experiencing financial

difficulties for the

ended March 31, 2025.

The following table

presents newly restructured

type of modification,

which occurred during

the three months ended March 31, 2026 (in thousands):

six months ended June 30,

The Company had

new modifications to borrowers

experiencing financial difficulties

for the three and

ended June 30, 2025.

The following table presents newly restructured loans, by

type of modification, which occurred during

the six months ended June 30, 2026 (in thousands):

Amortized Cost Basis Prior to Modification

5 unchanged sentences

Commercial and industrial

a combination

principal and maturity modifications.

a principal reduction of $

thousand and a two-year extension of

existing loan modifications that subsequently

defaulted during the three months

ended March 31, 2026

thousand and a

-year extension of the loan

commitment to lend additional funds to this customer.

existing loan modifications that

subsequently defaulted during

either the three or the

six months ended

June 30, 2026 and 2025.

USCB FINANCIAL HOLDINGS, INC.

2 unchanged sentences

Q2 2026 Form 10-Q

non-cancelable

arrangements, including

extensions of

the Coral Gables

Doral branch/headquarters

These lease modifications resulted in the remeasurement of operating

lease liabilities and corresponding right-

of-use assets.

Operating lease

right-of-use assets and lease

liabilities totaled $

million at June 30, 2026,

million at December 31, 2025.

The lease modifications were measured using an incremental borrowing rate of

The Company’s incremental borrowing rate is based on the

FHLB advances rate matching or nearing the lease term.

were no material changes

to the Company's lease

accounting policies from those

disclosed in Note 4, Leases,

the Annual Report on Form 10-K for the year ended December

The Company’s income tax expense is presented

in the following table for the periods indicated (in thousands):

Three Months Ended March 31,

Six Months Ended June 30,

Pre-tax income:

2 unchanged sentences

Deferred tax expense:

Deferred income tax expense (benefit)

Deferred income tax expense

income tax expense

expense for the periods (computed by applying the U.S.

The actual income tax

expense for the six

months ended June 30, 2026 and

2025 differs from the statutory

for the periods (computed by applying the U.S.

federal corporate tax rate of

% for both 2026 and 2025

to income before income tax expense) as follows (in thousands):

Three Months Ended March 31,

periods to income

before income tax expense) as follows (in thousands):

Six Months Ended June 30,

Computed tax at the statutory federal income tax rate

5 unchanged sentences

Other adjustments, net

in Florida made up the majority (greater than 50%) of the tax effect in this category.

in Florida made up the majority (greater than

%) of the tax effect in this category.

USCB FINANCIAL HOLDINGS, INC.

4 unchanged sentences

tax liabilities as of the dates indicated were (in

March 31, 2026

June 30, 2026

December 31, 2025

5 unchanged sentences

Equity compensation

Cash flow hedge

Deferred tax assets:

3 unchanged sentences

Deferred expenses

Cash flow hedge

Depreciable property

1 unchanged sentence

Net deferred tax assets

has approximately

operating loss

carryforwards expiring

between 2032 and 2036 and which are limited to offset,

to the extent permitted, future taxable earnings of the

approximately

carryforwards

between 2032 and 2036 and which are

limited to offset, to the extent permitted, future

taxable earnings for of the Company.

In assessing the realizability of deferred tax assets, management considers

17 unchanged sentences

by tax authorities for years before 2022.

For the three months

ended March 31, 2026

unrecognized tax benefits

tax positions

current period.

For the six months ended

June 30, 2026 and 2025 the Company did

t have any unrecognized tax benefits as

of tax positions taken during a prior period or during

the current period.

Additionally,

recorded as a result of tax uncertainties.

interest or penalties were recorded

as a result of tax uncertainties.

OFF-BALANCE SHEET ARRANGEMENTS

28 unchanged sentences

Q2 2026 Form 10-Q

March 31, 2026 and December 31, 2025 (in thousands):

March 31, 2026

June 30, 2026 and December 31, 2025 (in thousands):

June 30, 2026

December 31, 2025

28 unchanged sentences

risk to the Company.

Changes in the ACL for the three and six months ended June

30, 2026 and 2025 were as follows (in thousands):

Three Months Ended June 30,

Six Months Ended June 30,

Beginning balance

Provision for credit losses - off-balance sheet arrangements

The Company utilizes interest rate swap agreements

9 unchanged sentences

Interest Rate Swaps Designated as a Cash Flow Hedge

June 30, 2026,

costless collar

designated as cash flow hedges of two three-month brokered CDs.

The derivatives

are based on the USD SOFR overnight

The derivatives are based on the USD SOFR overnight

weighted average

9 unchanged sentences

average maturity of

March 31, 2026,

interest rate

swap agreement

notional aggregate

was designated

a certificate

agreement, the

variable rate

average three

months compounded

The swap has a remaining maturity of

outstanding interest rate swap agreements.

interest rate

1 unchanged sentence

notional aggregate

million that was designated

as cash flow hedge

of a certificate of deposit.

Under the agreement, the

Company pays a

million that was

designated as cash

flow hedge of

a certificate of

agreement, the Company

USCB FINANCIAL HOLDINGS, INC.

Notes to the Consolidated Financial Statements - Unaudited

USCB Financial Holdings, Inc.

Q2 2026 Form 10-Q

variable rate

2 unchanged sentences

The swap had a maturity of

The Company unwound

interest rate swap designated as a cash flow hedge of

asset-liability

termination income to

unwind the fair value

swaps totaled $

maturity of the cash

flow interest rate

swap was April 2026.

During the quarter

ended December

31, 2025, the

Company unwound

interest rate

swap designated

cash flow hedge

of certificate of

deposit with notional

to unwind this

swap was driven

by changes in interest rate forecasts and

asset-liability management strategies.

The early termination income to unwind the

fair value swaps totaled $

The original maturity of the cash flow interest rate swap that was unwound during the

quarter was April 2026.

these interest

3 unchanged sentences

gains or losses are realized.

USCB FINANCIAL HOLDINGS, INC.

Notes to the Consolidated Financial Statements - Unaudited

USCB Financial Holdings, Inc.

Q1 2026 Form 10-Q

Interest Rate Swaps

20 unchanged sentences

Balance Sheet Location

March 31, 2026:

June 30, 2026:

Derivatives designated as cash flow hedges:

Interest rate swaps

Other assets/Accrued interest and

other liabilities

Other assets/Accrued

interest and other liabilities

Derivatives not designated as hedging instruments:

Interest rate swaps related to customer loans

Other assets/Accrued interest and

other liabilities

Other assets/Accrued

interest and other liabilities

December 31, 2025:

1 unchanged sentence

Interest rate swaps

Other assets/Accrued interest and

other liabilities

Other assets/Accrued

interest and other liabilities

Derivatives not designated as hedging instruments:

Interest rate swaps related to customer loans

Other assets/Accrued interest and

other liabilities

Other assets/Accrued

interest and other liabilities

Determination of Fair Value

22 unchanged sentences

an immediate settlement of the instrument.

USCB FINANCIAL HOLDINGS, INC.

Notes to the Consolidated Financial Statements - Unaudited

USCB Financial Holdings, Inc.

Q2 2026 Form 10-Q

value guidance provides

37 unchanged sentences

generally include

USCB FINANCIAL HOLDINGS, INC.

Notes to the Consolidated Financial Statements - Unaudited

USCB Financial Holdings, Inc.

Q1 2026 Form 10-Q

equity securities that

41 unchanged sentences

are classified within

the hierarchy

involve using quoted

market prices

the hierarchy and

often involve using

quoted market

prices for similar

securities, pricing models or discounted cash flow analyses

1 unchanged sentence

classified within Level 2 of the hierarchy.

March 31, 2026 and December 31, 2025 for each of the

USCB FINANCIAL HOLDINGS, INC.

Notes to the Consolidated Financial Statements - Unaudited

USCB Financial Holdings, Inc.

Q2 2026 Form 10-Q

June 30, 2026 and December 31, 2025 for each of the

fair value hierarchy levels (in thousands):

March 31, 2026

June 30, 2026

December 31, 2025

10 unchanged sentences

Total liabilities at fair value

Fair Value Measurements

on a Nonrecurring Basis

Collateral Dependent Loans Measured for Expected Credit Losses

Fair values of collateral-dependent real estate

recent real estate

appraisals less estimated

sale, repossession, and/or

holding costs.

are performed by independent third-party appraisers and may utilize

a sales comparison approach, cost approach, income

approach, or a combination of these methodologies.

The following table presents quantitative information

about Level 3 fair value

measurements for assets measured at fair

value on a nonrecurring basis at June 30, 2026 and December

June 30, 2026

Financial Instrument

Valuation Technique(s)

Unobservable Input(s)

Collateral dependent loans -

residential loans

Sales comparison approach

Third-party appraisals and

estimated valuation

adjustments for disposition

costs, senior liens, and SBA

participation interests.

December 31, 2025

Financial Instrument

Valuation Technique(s)

Unobservable Input(s)

Collateral dependent loans -

residential loans

Sales comparison approach

Third party appraisals

collateral-dependent

underlying real estate collateral,

adjusted for the estimated impact

of senior lien positions, SBA

participation interests, and

estimated costs to

The application

of these adjustments

amortized cost,

recognized through

and reflected

carrying value

resulting fair

value attributable

approximately

an outstanding

approximately

thousand and a specific reserve of $

thousand at June 30, 2026.

collateral-dependent

aggregate fair

specific reserve,

appraised value

underlying collateral

the outstanding loan balance.

USCB FINANCIAL HOLDINGS, INC.

2 unchanged sentences

Q2 2026 Form 10-Q

Fair Value Measurements

on a Nonrecurring Basis

At March 31, 2026 and

December 31, 2025, the

t have any assets

or liabilities measured at

on a nonrecurring basis.

As of June 30, 2026 and December 31, 2025, the Company did

t have any other assets or liabilities measured at fair

value on a nonrecurring basis.

Items Not Measured at Fair Value

5 unchanged sentences

not carried at fair

value as of March 31, 2026 and December 31, 2025 (in

value as of June 30, 2026 and December 31, 2025 (in

Fair Value Hierarchy

March 31, 2026:

June 30, 2026:

Financial Assets:

27 unchanged sentences

Accrued interest payable

Collateral Dependent Loans Measured for

Expected Credit Losses:

Fair values of collateral-dependent yacht

and real estate loans

are based on recent

boat and real estate

appraisals less estimated costs of

sale, repossession, and/or

holding costs.

its evaluation

income approach or a combination of methodologies.

The fair value of collateral dependent loans considered Level

3 in the fair value hierarchy was $

reserve as of

March 31, 2026 and $

specific reserve as of December 31, 2025.

USCB FINANCIAL HOLDINGS, INC.

Notes to the Consolidated Financial Statements - Unaudited

USCB Financial Holdings, Inc.

Q1 2026 Form 10-Q

STOCKHOLDERS’ EQUITY

During the three

March 31, 2026,

stock repurchases during the three months

ended June 30, 2026.

six months ended June 30,

2026, the Company repurchased

Class A common

at a weighted

aggregate purchase

these transactions

was approximately

shares of Class A common stock at a weighted average cost per share of $

The aggregate

approximately

including transaction

repurchase programs.

shares remained

the Company’s

publicly announced

share repurchase

shares remained authorized

for repurchase

the 2024 share repurchase program.

Company’s 2024 share

repurchase program.

The Company’s

2022 share repurchase program has been fully utilized.

During the three months ended March 31,

stock repurchases during the three months

ended June 30, 2025.

During the six

months ended June 30,

2025, the Company repurchased

shares of Class A common stock

a weighted average cost

shares of Class

A common stock at a

weighted average cost

per share of $

The aggregate purchase price

for these transactions was approximately $

repurchase programs.

March 31, 2025,

shares remained

for repurchase

two stock repurchase programs.

employees as restricted stock awards pursuant to the Company’s

2015 equity incentive plan.

employees as restricted stock awards pursuant to the Company’s

2015 equity incentive plan.

USCB FINANCIAL HOLDINGS, INC.

Notes to the Consolidated Financial Statements - Unaudited

USCB Financial Holdings, Inc.

Q2 2026 Form 10-Q

The aggregate

purchase price

transactions was

approximately $

thousand, including

transaction costs.

shares remained authorized for repurchase under

the Company’s two stock repurchase programs.

restricted stock awards issued

in the three months ended

June 30, 2026.

the six months ended

June 30, 2026,

restricted stock

pursuant to the Company’s 2015 equity incentive

restricted stock awards issued

in the three months ended

June 30, 2025.

the six months ended

Company issued

as restricted

pursuant to the Company’s 2015 equity incentive

December 31, 2025 were

25 unchanged sentences

payment to be an unsafe or unsound

As of March 31, 2026, the

Company was not subject to any

formal supervisory restrictions on its ability

to pay dividends

As of June 30, 2026, the Company was not subject

to any formal supervisory restrictions on its

ability to pay dividends

but will notify the Federal

15 unchanged sentences

the Company for the periods presented:

Three Months Ended March 31, 2026

Six Months Ended June 30, 2026

Declaration Date

4 unchanged sentences

March 5, 2026

Three Months Ended March 31, 2025

April 20, 2026

Six Months Ended June 30, 2025

Declaration Date

4 unchanged sentences

March 5, 2025

“well-capitalized”

guidelines as of March 31, 2026 and December 31, 2025.

At March 31, 2026, the total risk-based capital ratio

because the Company is deemed to be a small bank holding

USCB FINANCIAL HOLDINGS, INC.

Notes to the Consolidated Financial Statements - Unaudited

USCB Financial Holdings, Inc.

Q1 2026 Form 10-Q

See Note 11, Subsequent

Events, for information regarding dividends declared in April 2026.

April 21, 2025

The Bank exceeded all

regulatory capital requirements and remained above “well-capitalized” guidelines as

2026 and December 31, 2025.

At June 30, 2026, the total

risk-based capital ratio for the Bank was

See Note 12, Subsequent Events, for information regarding

dividends declared in July 2026.

EARNINGS PER SHARE

14 unchanged sentences

equivalents outstanding

USCB FINANCIAL HOLDINGS, INC.

Notes to the Consolidated Financial Statements - Unaudited

USCB Financial Holdings, Inc.

Q2 2026 Form 10-Q

determined using the treasury-stock

4 unchanged sentences

of diluted EPS when their effect is dilutive.

The following table reflects the calculation of net income

available to common shareholders for the three months ended

March 31, 2026 and 2025 (in thousands):

Three Months Ended March 31,

Net income available to common shareholders

The following table reflects

the calculation of basic and

diluted earnings per common

share class for the

ended March 31, 2026 and 2025 (in thousands, except

share amounts):

Three Months Ended March 31,

the calculation of basic

and diluted earnings per

common share class

for the three

months ended June 30, 2026 and 2025 (in thousands,

except share amounts):

Three Months Ended June 30,

Six Months Ended June 30,

Net income available to common shares

16 unchanged sentences

each of the periods presented.

USCB FINANCIAL HOLDINGS, INC.

Notes to the Consolidated Financial Statements - Unaudited

USCB Financial Holdings, Inc.

Q1 2026 Form 10-Q

LOSS CONTINGENCIES

10 unchanged sentences

SUBSEQUENT EVENTS

20, 2026, the

Company announced that

2026, the Company

announced that its

Board of Directors

declared its quarterly

cash dividend.

is in the amount of $

per share of Class A common

stock and will be paid

on June 5, 2026, to stockholders

as of the close of business on May 15, 2026.

is in the amount

Class A common

stock and will

September 4, 2026,

to stockholders

record as of the close of business on August 17, 2026.

USCB Financial Holdings, Inc.

1 unchanged sentence

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 1. Financial Statements