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 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 financial measures reconciliation
tables included in this presentation. All numbers included
in this presentation are unaudited unless otherwise noted. 2
