FORWARD-LOOKING STATEMENTS This presentation
may contain statements that are not historical in nature and are
intended to be, and are hereby identified as, forward-looking statements
for purposes of the safe harbor provided by Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking statements
are those that are not historical facts. The words “may,” “will,”
“anticipate,” “could,” “ should,” “would,” “believe,” “contemplate,”
“expect,” “aim,” “plan,” “estimate,” “continue,” “seek,” and
“intend,”, the negative of these terms, as well as other similar words and expressions
of the future, are intended to identify forward-looking statements. These
forward-looking statements include, but are not limited to, statements
related to our projected growth, anticipated future financial
performance, and management’s long-term performance
goals, as well as statements relating to the anticipated effects on our results
of operations and financial condition from expected or potential
developments or events, or business and growth strategies, including
anticipated internal growth and balance sheet restructuring. These
forward-looking statements involve significant risks and
uncertainties that could cause our actual results to differ materially
from those anticipated in such statements. Potential risks and uncertainties
include, but are not limited to: the strength of the United
States economy in general and the strength of the local economies
in which we conduct operations; our ability to successfully
manage interest rate risk, credit risk, liquidity risk, and other risks inherent
to our industry; the accuracy of our financial statement estimates
and assumptions, including the estimates used for our credit loss
reserve and deferred tax asset valuation allowance; the efficiency
and effectiveness of our internal control procedures and processes;
our ability to comply with the extensive laws and regulations
to
which we are subject, including the laws for each jurisdiction where
we operate; adverse changes or conditions in the capital and financial
markets, including actual or potential stresses in the banking
industry; deposit attrition and the level of our uninsured deposits; legislative
or regulatory changes and changes in accounting principles, policies,
practices or guidelines, including the on-going effects of the
implementation of the Current Expected Credit Losses (“CECL”)
standard; the lack of a significantly diversified loan portfolio
and the concentration in the South Florida market, including the risks
of geographic, depositor, and industry concentrations, including
our concentration in loans secured by real estate, in particular,
commercial real estate; the effects of climate change; the concentration
of ownership of our common stock; fluctuations in the price of our
common stock; our ability to fund or access the capital
markets at attractive rates and terms and manage our growth, both
organic growth as well as growth through other means, such as future
acquisitions; inflation, interest rate, unemployment rate, and
market and monetary fluctuations; impacts of international hostilities
and geopolitical events; increased competition and its effect
on the pricing of our products and services as well as our net interest rate
spread and net interest margin; the loss of key employees; the effectiveness
of our risk management strategies, including operational risks, including,
but not limited to, client, employee, or third-party fraud and
security breaches; and other risks described in this presentation and other
filings we make with the Securities and Exchange Commission (“SEC”).
All forward-looking statements are necessarily only estimates of
future results, and there can be no assurance that actual results will not
differ materially from expectations. Therefore, you are cautioned
not to place undue reliance on any forward-
looking statements. Further, forward-looking statements included
in this presentation are made only as of the date hereof, and
we undertake no obligation to update or revise any forward-looking
statements to reflect events or circumstances occurring after
the date on which the statements are made or to reflect the occurrence
of unanticipated events, unless required to do so under the federal securities
laws. You should also review the risk factors described in the
reports USCB Financial Holdings, Inc. filed or will file with the
SEC. Non-GAAP Financial Measures This presentation includes financial
information determined by methods other than in accordance
with generally accepted accounting principles (“GAAP”). This financial
information includes certain operating performance measures.
Management has included these non-GAAP financial measures
because it believes these measures may provide useful supplemental
information for evaluating the Company’s expectations and underly
ing performance trends. Further, management uses these
measures in managing and evaluating the Company’s business and
intends to refer to them in discussions about our operations and
performance. Operating performance measures should be viewed
in addition to, and not as an alternative to or substitute for, measures
determined in accordance with GAAP, and are not necessarily
comparable to non-GAAP measures that may be presented by other
companies. Reconciliations of these non-GAAP measures to the
most directly comparable GAAP measures can be found in the Non-GAAP
financial measures reconciliation tables included in this presentation.
All numbers included in this presentation are unaudited unless
otherwise noted. 2
