USCB Financial Holdings, Inc. (NASDAQ:USCB) Q4 2024 Earnings Conference Call January 24, 2025 11:00 AM ET
Company Participants
Luis de la Aguilera – President and CEO
Rob Anderson – CFO
Bill Turner – CCO
Conference Call Participants
Woody Lay – KBW
Michael Rose – Raymond James
Feddie Strickland – Hovde Group
Stephen Scouten – Piper Sandler
Operator
Good morning and welcome to the USCB Financial Holdings Fourth Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note, this event is being recorded. I would now like to turn the conference over to Luis de la Aguilera, President and CEO. Please go ahead.
Luis de la Aguilera
Good morning, and thank you for joining us for USCB Financial Holdings fourth quarter 2024 earnings call. With me today reviewing our Q4 highlights is CFO, Rob Anderson; and Chief Credit Officer, Bill Turner, who will provide an overview of the bank’s performance, the highlights of which commence on Slide 3.
Our results in Q4 2024 highlight a record year for the bank as team USCB outperformed our internal budget and delivered impressive results for our shareholders. A year ago, we posted $0.14 per share in diluted EPS in Q4 2023 and more than doubled these earnings this quarter to $0.34 per share. Our continued focus on reducing deposit costs has contributed to net interest margin expansion, helping us maintain solid profitability. Benefiting from Florida’s strong, resilient and growing economy, USCB continues to post strong gains in assets, deposits, diversified quality loan production and profitability. Our performance underscores our disciplined execution of a business plan, focused on commercial banking initiatives designed to profitably expand existing client relationships and grow new ones.
In reviewing our Q4
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