USCB Financial Holdings Full Year 2022 Earnings: Misses Expectations

USCB Financial Holdings (NASDAQ:USCB) Full Year 2022 Results

Key Financial Results

• Revenue: US$66.4m (up 4.8% from FY 2021).
• Net income: US$20.1m (up from US$70.6m loss in FY 2021).
• Profit margin: 30% (up from net loss in FY 2021). The move to profitability was primarily driven by lower expenses.
• EPS: US$1.01 (up from US$6.72 loss in FY 2021).

All figures shown in the chart above are for the trailing 12 month (TTM) period

USCB Financial Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates by 7.7%.

Looking ahead, revenue is forecast to grow 9.9% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are down 1.5% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on USCB Financial Holdings' balance sheet health.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.