USCB Financial Holdings, Inc. (USCB): history, ownership, mission, how it works & makes money

A Brief History of USCB Financial Holdings, Inc. (USCB)

Foundation and Early Development

USCB Financial Holdings, Inc. was established in 2003, originally under the name of US Century Bank. The founding of the bank was aimed at addressing the financial services needs of the Hispanic and Latino communities in the U.S.

Expansion and Growth

As of 2021, USCB Financial Holdings, Inc. had expanded its services across Florida, operating a series of branches strategically located to serve key demographics.

Financial Performance

For the year ending December 31, 2022, USCB Financial Holdings reported the following financial highlights:

Community Involvement

USCB has been noted for its active role in local community initiatives, including:

• Financial literacy programs targeted at underbanked populations.
• Partnerships with non-profits focused on economic development.
• Support for local small businesses through targeted loan programs.

Recent Developments

In 2023, USCB Financial Holdings, Inc. revamped its digital banking platform, enhancing user experience and increasing customer engagement. The bank aimed to capture a larger share of the online banking demographic.

Market Position

As of mid-2023, USCB Financial Holdings is recognized as one of the largest Hispanic-owned banks in Florida, holding a significant market share in the regions it serves.

Regulatory Compliance

USCB adheres to all federal and state banking regulations, maintaining compliance with the following key regulations:

• Community Reinvestment Act (CRA).
• Bank Secrecy Act (BSA).
• Dodd-Frank Wall Street Reform and Consumer Protection Act.

Future Outlook

The leadership team at USCB Financial Holdings has expressed a commitment to continue expanding its services and investing in technology to better serve its customers. This strategic focus is expected to drive growth in the coming years.

A Who Owns USCB Financial Holdings, Inc. (USCB)

Shareholder Composition

The ownership structure of USCB Financial Holdings, Inc. is composed primarily of individual and institutional investors. As of the latest filing in 2023, the following data outlines the major shareholders:

Top Institutional Shareholders

The following table lists the top institutional shareholders as of the latest quarterly report:

Insider Ownership

Insider ownership reflects the shares held by the executives and board members of USCB Financial Holdings. Below are the key insiders with their respective shareholdings:

Recent Stock Performance

As of October 2023, the stock price of USCB Financial Holdings, Inc. has shown the following performance metrics:

Regulatory Filings

USCB Financial Holdings must comply with the SEC regulations, including periodic filings. Below is a summary of significant filings made in 2023:

Conclusion

USCB Financial Holdings, Inc. remains a publicly traded entity with diverse ownership, blending institutional investments, insider stakes, and retail participation. The company complies with stringent regulatory requirements while maintaining active shareholder engagement.

USCB Financial Holdings, Inc. (USCB) Mission Statement

Overview of USCB Financial Holdings, Inc.

USCB Financial Holdings, Inc. is a financial services holding company, primarily focused on providing a wide range of banking and financial services. As of the end of 2022, USCB reported total assets of approximately $873 million.

Core Values

The mission statement of USCB Financial Holdings emphasizes its commitment to integrity, customer focus, and community involvement.

• Integrity: Upholding ethical standards in all operations.
• Customer Focus: Prioritizing client needs and satisfaction.
• Community Engagement: Active participation in local initiatives.

Financial Performance

For the fiscal year 2022, USCB Financial Holdings reported the following key financial metrics:

Strategic Goals

The mission statement includes several strategic goals aimed at enhancing shareholder value and advancing community development:

• Expand Service Offerings: Introduction of new financial products to meet diverse client requirements.
• Enhance Technology: Investment in digital banking solutions to improve customer experience.
• Increase Market Share: Aim for a growth target of 5% in the next fiscal year.

Community Commitment

USCB Financial Holdings has allocated approximately $500,000 annually toward community development initiatives. This includes:

• Education Programs: Providing financial literacy workshops.
• Local Business Support: Financing small businesses in underserved areas.
• Charitable Contributions: Donations to local non-profit organizations.

Customer Engagement

The company emphasizes maintaining strong relationships with its customers, aiming for a customer satisfaction rate of over 90%. In 2022, the Net Promoter Score (NPS) recorded by USCB was 72, reflecting positive customer feedback on services provided.

Conclusion

With a robust financial framework and a mission that focuses on ethical practices, customer satisfaction, and community engagement, USCB Financial Holdings, Inc. positions itself strongly in the financial services sector.

How USCB Financial Holdings, Inc. (USCB) Works

Company Overview

USCB Financial Holdings, Inc. is a financial services company dedicated to providing a variety of banking and financial solutions. The company operates through its wholly-owned subsidiary, U.S. Century Bank, which serves retail and commercial clients primarily in South Florida.

Financial Performance

As of the latest reporting period, USCB Financial Holdings posted the following financial metrics:

Business Segments

USCB operates in several business segments:

• Retail Banking
• Commercial Banking
• Wealth Management
• Mortgage Banking

Retail Banking Services

USCB offers a comprehensive range of retail banking products including:

• Checking and Savings Accounts
• Certificates of Deposit (CDs)
• Personal Loans
• Credit Cards

Commercial Banking Services

The commercial banking division provides services such as:

• Business Checking Accounts
• Commercial Loans
• Lines of Credit
• Cash Management Solutions

Wealth Management

The wealth management division focuses on:

• Investment Advisory Services
• Retirement Planning
• Estate Planning
• Portfolio Management

Mortgage Banking

In mortgage banking, USCB provides:

• Home Purchase Loans
• Refinancing Options
• Home Equity Lines of Credit
• FHA and VA Loans

Recent Developments

In recent years, USCB has made significant strides in digital banking:

• Launched mobile banking applications in 2021.
• Implemented advanced cybersecurity measures for client protection in 2022.
• Expanded branch locations to enhance accessibility for clients in underserved areas.

Community Involvement

USCB emphasizes community engagement by supporting local initiatives:

• Sponsoring youth sports leagues
• Participating in financial literacy programs
• Contributing to local charities and nonprofit organizations

Employee Structure

As of the latest data, USCB employs approximately:

Regulatory Compliance

USCB is subject to a variety of regulatory requirements including:

• Federal Deposit Insurance Corporation (FDIC) regulations
• Office of the Comptroller of the Currency (OCC) oversight
• Anti-Money Laundering (AML) compliance
• Consumer Financial Protection Bureau (CFPB) regulations

Market Position

USCB holds a competitive position within the regional banking market, striving to differentiate itself through customer service and community involvement. The bank continues to focus on growth opportunities within South Florida and aims to expand its market share.

How USCB Financial Holdings, Inc. (USCB) Makes Money

Overview of Revenue Streams

USCB Financial Holdings, Inc. generates revenue through various business lines, including commercial and consumer banking, wealth management, and investment services. As of 2023, the company reported total assets of approximately $2.3 billion and total deposits amounting to $1.9 billion.

Commercial Banking

In the commercial banking sector, USCB primarily focuses on small to medium-sized enterprises (SMEs). The bank's loan portfolio includes:

• Commercial real estate loans: $750 million
• Business loans: $500 million
• Consumer loans: $150 million

The interest income generated from these loans represents a significant portion of USCB's revenue. In 2022, the net interest income amounted to $45 million.

Fees and Commissions

USCB also earns revenue through various fees and commissions associated with its banking services. This includes:

• Account maintenance fees: $5 million
• Transaction fees for ATM and debit card usage: $3 million
• Loan origination fees: $2 million
• Wealth management fees: $4 million

These fees contributed to a total non-interest income of $14 million in 2022.

Investment Services

USCB provides investment services, including portfolio management and financial advisory services. As of 2023, assets under management (AUM) for these services were valued at $500 million, generating advisory fees of approximately $3 million.

Wealth Management

Wealth management services offered by USCB include retirement planning and estate planning. The company has seen growth in client acquisition, resulting in:

• Total wealth management clients: 1,200
• Average account balance per client: $400,000

This segment has contributed significantly to the company's non-interest income.

Interest Rate Environment

The interest rate environment has a direct impact on USCB’s profitability. As of 2023, benchmark interest rates set by the Federal Reserve were at 5.25%, affecting the bank's yield on loans and securities. The average yield on loans for USCB was around 6.5%, while the cost of deposits was approximately 1.5%.

Financial Performance Metrics

Competitive Landscape

The competitive landscape for USCB includes regional banks and larger financial institutions. Key competitors have similar business models, and comparison data shows:

Conclusion on Revenue Generation

USCB Financial Holdings, Inc. employs a multifaceted approach to revenue generation, combining commercial and consumer banking, wealth management, and investment services. The financial metrics present a clear picture of the company’s operational efficiency and market positioning.