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Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. USCB Financial Holdings's Net Income for the three months ended in Sep. 2024 was $6.95 Mil. Its Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was $20.49 Mil.
Net Income is linked to the most popular Earnings per Share (Diluted) number. USCB Financial Holdings's Earnings per Share (Diluted) for the three months ended in Sep. 2024 was $0.35.
The historical data trend for USCB Financial Holdings's Net Income can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
USCB Financial Holdings Annual Data | |||||||||
Trend | Dec20 | Dec21 | Dec22 | Dec23 | |||||
Net Income | 10.82 | 21.08 | 20.14 | 16.55 |
USCB Financial Holdings Quarterly Data | ||||||||||||||||||
Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Net Income | Get a 7-Day Free Trial |
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3.82 | 2.72 | 4.61 | 6.21 | 6.95 |
Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.
Net Income
= Revenue
- Cost of Goods Sold
- Selling, General, & Admin. Expense
- Research & Development
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= EBITDA
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Operating Income
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others
USCB Financial Holdings's Net Income for the fiscal year that ended in Dec. 2023 is calculated as
Net Income | (A: Dec. 2023 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | 21.796 | + | -5.251 | + | 0 | + | 3.5527136788005E-15 |
= | 16.55 |
USCB Financial Holdings's Net Income for the quarter that ended in Sep. 2024 is calculated as
Net Income | (Q: Sep. 2024 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | 9.162 | + | -2.213 | + | 0 | + | -8.8817841970013E-16 |
= | 6.95 |
Net Income for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $20.49 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
USCB Financial Holdings (NAS:USCB) Net Income Explanation
Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:
USCB Financial Holdings's Earnings per Share (Diluted) (EPS) for the quarter that ended in Sep. 2024 is calculated as
Earnings per Share (Diluted) (Q: Sep. 2024 ) | = | (Net Income | - | Preferred Dividends) | / | Shares Outstanding (Diluted Average) |
= | (6.949 | - | 0) | / | 19.825 | |
= | 0.35 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
EPS is most useful for companies that have:
A predictable businessThe dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Thank you for viewing the detailed overview of USCB Financial Holdings's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.
Ramon A Rodriguez | director | 110 S E 6TH STREET 28 TH FLOOR, FORT LAUDERDALE FL 33301 |
Robert B. Anderson | officer: Executive VP and CFO | 201 4TH AVENUE NORTH, SUITE 950, NASHVILLE TN 37219 |
Priam Capital Fund Ii, L.p. | 10 percent owner | 745 FIFTH AVE, SUITE 1702, NEW YORK NY 10151 |
Maricarmen Logrono | officer: EVP and Chief Risk Officer | C/O USCB FINANCIAL HOLDINGS, INC., 2301 NW 87TH AVENUE, DORAL FL 33172 |
Ramon Abadin | director | C/O USCB FINANCIAL HOLDINGS, INC., 2301 NW 87TH AVENUE, DORAL FL 33172 |
Howard Feinglass | director, 10 percent owner | 6011 UNIVERSITY BOULEVARD, SUITE 370, ELLICOTT CITY MD 21043 |
Priam Capital Associates Ii Llc | 10 percent owner | 745 FIFTH AVE, SUITE 1702, NEW YORK NY 10151 |
Andres Collazo | officer: Executive VP, Operations & IT | C/O USCB FINANCIAL HOLDINGS, INC., 2301 NW 87TH AVENUE, DORAL FL 33172 |
Martha Guerra-kattou | officer: EVP, Sales and Marketing | C/O USCB FINANCIAL HOLDINGS, INC., 2301 NW 87TH AVENUE, DORAL FL 33172 |
Oscar Gomez | officer: Executive VP, Global Banking | C/O USCB FINANCIAL HOLDINGS, INC., 2301 NW 87TH AVENUE, DORAL FL 33172 |
Benigno Pazos | officer: EVP & Chief Credit Officer | C/O USCB FINANCIAL HOLDINGS, INC., 2301 NW 87TH AVENUE, DORAL FL 33172 |
Aida Levitan | director | C/O USCB FINANCIAL HOLDINGS, INC., 2301 NW 87TH AVENUE, DORAL FL 33172 |
Nicholas Bustle | officer: EVP and Chief Lending Officer | C/O USCB FINANCIAL HOLDINGS, INC., 2301 NW 87TH AVENUE, DORAL FL 33172 |
De La Aguilera Luis | director, officer: President and CEO | C/O USCB FINANCIAL HOLDINGS, INC., 2301 NW 87TH AVENUE, DORAL FL 33172 |
Jalal Shehadeh | officer: EVP/General Counsel | USCB FINANCIAL HOLDINGS, INC., 2301 N.W. 87TH AVENUE, MIAMI FL 33172 |
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