Community bank USCB Q3 net interest income rises on loan growth
USCB•USCB Financial Holdings reported third-quarter net income of $9.53 million, or $0.51 per diluted share. Net interest income rose 14.2% year over year to $24.30 million as loans grew 9.0%.
1. Quarterly results
USCB Financial Holdings' third-quarter net income was $9.53 million, with diluted earnings per share of $0.51. Net interest income increased 14.2% year over year to $24.30 million, and net interest margin expanded 23 basis points to 3.37%. Loans grew 9.0% year over year. Non-interest income fell 27.5%, while non-interest expense rose 12.9%; the company provided no specific guidance for future quarters or full-year results.
