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,” “should,” “would,”
“believe,” “contemplate,” “expect,” “aim,” “plan,” “estimate,”
“continue,” and “intend,” 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 results of operations and financial condition from expected 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 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, 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 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 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 measures because it believes these measures may
provide useful supplemental information for evaluating the
Company’s expectations and underlying 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 Reconciliation
Tables’ included in the presentation. All numbers included
in this presentation are unaudited unless otherwise noted. 2
