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,” 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
