USCB Q2 2026: Net income climbs 11.5% to $9.1M as assets top $3B; new change-in-control pact for Chief Credit Officer
USCB sits 38% above its 52-week low of $16.06 on light trading volume (0.1× avg).
Summary
USCB Financial Holdings' Q2 2026 10-Q reports net income of $9.1 million ($0.49 EPS) on $3.02 billion in assets, with a net interest margin of 3.49%. The filing also discloses a new change-in-control agreement for the Chief Credit Officer.
Key Events · Earnings and Guidance · USCB
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Q2 2026 Net Income Up 11.5%
Net income reached $9.1 million, or $0.49 per diluted share, compared with $8.1 million, or $0.40 per share, in Q2 2025. The net interest margin widened to 3.49% from 3.28%.
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Assets Surpass $3 Billion
Total assets stood at $3.02 billion as of June 30, 2026, an 11.0% increase from a year ago. Loans held for investment grew 9.9% to $2.32 billion.
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New Change-in-Control Agreement for Chief Credit Officer
On July 6, 2026, the Bank entered into a change-in-control agreement with Sergio Garrido, SVP and Chief Credit Officer, providing a cash payment equal to one year's base salary upon a change in control.
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Strong Capital and Asset Quality
The Bank's total risk-based capital ratio came in at 13.68%; non-performing loans represented just 0.09% of total loans; and the allowance for credit losses stood at 1.15% of total loans.
Analysis · USCB · Finance
USCB Financial Holdings posted Q2 2026 net income of $9.1 million, an 11.5% year-over-year increase, fueled by loan growth and a wider net interest margin. For the first time, total assets crossed the $3 billion mark. Separately, the filing reveals a new change-in-control agreement for Sergio Garrido, the bank's Chief Credit Officer, entitling him to a cash payment equal to one year's salary upon a change in control. Executed on July 6, 2026, this governance disclosure had not been previously reported.
At the time of this filing, USCB was trading at $22.13 on NASDAQ in the Finance sector, with a market capitalization of approximately $404.2M. The 52-week trading range was $16.06 to $23.74. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.