Monitor the October 23 conference call for color on the single loan driving the NPL spike and whether credit normalization is expected to continue. The EPS miss and rising costs may pressure the stock near-term, but strong core NII growth and NIM expansion provide a fundamental floor.
Price Chart
Executive Summary
USCB Financial Holdings reported Q3 2026 net income of $9.5 million ($0.51 diluted EPS), the highest quarterly net income since its IPO, with net interest income up 14.2% YoY to $24.3 million and NIM expanding 23 bps to 3.37%. However, EPS of $0.51 missed consensus of $0.56, non-performing loans surged to $7.7 million (0.33% of loans) from $1.3 million (0.06%) a year ago due to one loan, and the efficiency ratio deteriorated to 54.62% from 49.97% in Q2 2026, creating a mixed picture of strong core earnings growth versus rising credit costs and expense inflation.
Key Financial Metrics
Key Facts
- Q3 2026 net income of $9.5 million ($0.51 diluted EPS) vs $8.9 million ($0.45) in Q3 2025, the highest quarterly net income since IPO
- EPS of $0.51 missed consensus estimate of $0.56 (-8.9% miss)
- Net interest income grew 14.2% YoY to $24.3 million; NIM expanded 23 bps to 3.37%
- Non-performing loans surged to $7.7 million (0.33% of loans) from $1.3 million (0.06%) a year ago
- Efficiency ratio deteriorated to 54.62% from 49.97% in Q2 2026 and 52.28% in Q3 2025
- Non-interest income declined 27.5% YoY to $2.7 million; non-interest expense rose 12.9% YoY to $14.7 million
- Quarterly dividend declared of $0.125 per share, payable December 4, 2026
- Tangible book value per share increased 7.6% YoY to $12.42
- Total risk-based capital ratio of 14.07% remains well above well-capitalized thresholds
Financial Impact
EPS miss of $0.05 vs consensus (-8.9%); net interest income up $3.0M YoY; NPLs up $6.4M from prior year
Risk Factors
- Non-performing loans surged 5.9x YoY to $7.7 million, signaling potential credit quality deterioration
- Efficiency ratio worsened to 54.62% from 49.97% in Q2 2026, indicating expense growth outpacing revenue growth
- Non-interest income declined 27.5% YoY, reducing revenue diversification
- Deposits declined slightly YoY (-0.4%), potentially constraining future loan growth
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3386932 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 3d ago | Press Release | $22.34 | awaiting T+60 | — | $19.99 (−10.52%) |
Oct 22, 2026 3d ago | 8-K | $22.34 | awaiting T+60 | — | $19.99 (−10.52%) |
Oct 19, 2026 6d ago | 8-K | $22.49 | awaiting T+60 | — | $19.99 (−11.12%) |
Oct 19, 2026 6d ago | Press Release | $22.49 | awaiting T+60 | — | $19.99 (−11.12%) |
Jul 28, 2026 12w ago | 8-K | $22.65 $22.29 | ▼ −1.59% | ▼ −5.94% | $19.99 (−11.74%) |
Jul 23, 2026 13w ago | Press Release | $21.67 $22.24 | ▲ +2.63% | ▼ −0.66% | $19.99 (−7.75%) |
Jul 23, 2026 13w ago | 8-K | $21.67 $22.24 | ▲ +2.63% | ▼ −0.66% | $19.99 (−7.75%) |
Jul 20, 2026 13w ago | Press Release | $20.42 $22.15 | ▲ +8.47% | ▲ +4.50% | $19.99 (−2.11%) |
Jul 6, 2026 15w ago | Press Release | $20.23 $21.83 | ▲ +7.91% | ▲ +5.70% | $19.99 (−1.19%) |
May 27, 2026 21w ago | 8-K | $18.54 $22.44 | ▲ +21.04% | ▲ +19.30% | $19.99 (+7.82%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers