USCB raises $40M debt, repurchases 2M shares, posts 20% NIM gain amid policy uncertainty

Filed March 13, 2026 · Period ending December 31, 2025 · Compared to 10-K Mar 14, 2025 · ~2 min read

Key Changes

• high

  Issued $40M subordinated notes (7.625% fixed-to-floating, 2035 maturity) and used proceeds to repurchase 2M shares at $17.19/share in off-program transaction, reducing share count ~10%.

  MD&A: Capital Actions verify on EDGAR →
• high

  Net interest margin expanded 26 bps to 3.20% (from 2.94%) as deposit costs fell 19 bps; net interest income rose $13.7M (19.6%) to $83.6M despite $7.5M securities loss from Q4 portfolio restructuring.

  MD&A: Net Interest Income verify on EDGAR →
• high

  Added federal policy risk factor citing administration changes to government structure, regulatory priorities, tariffs, and immigration enforcement; removed ESG scrutiny and brokered deposit restriction risks.

  Risk Factors verify on EDGAR →