USCB Q1 net income jumps 22% on margin expansion; $40M debt raise boosts capital

Filed May 8, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 9, 2025 · ~1 min read

Key Changes

• high

  Net income rose 22% to $9.4M ($0.51/share) vs. $7.7M ($0.38/share) prior year, driven by 17-basis-point NIM expansion to 3.27% and 10% loan growth to $2.24B. Return on equity improved from 14.15% to 17.07%.

  MD&A: Financial Results verify on EDGAR →
• high

  Company issued $40M of 7.625% subordinated notes due 2035 in August 2025, qualifying as Tier 2 capital and strengthening regulatory ratios. Tangible book value per share rose 8.9% to $12.23.

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

  Balance sheet shifted from asset-sensitive to liability-sensitive in Year 1, positioning the bank to benefit from falling rates as deposits reprice faster than loans. Year 2 outlook remains asset-sensitive.

  MD&A: Interest Rate Risk verify on EDGAR →