UBFO
United Security Bancshares10.40
+0.00+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
182.79MP/E (TTM)
16.00Basic EPS (TTM)
0.65Dividend Yield
0.05%Recent Filings
10-Q
Q3 FY2025 results
United Security Bancshares posted steady Q3 2025 results, with net income up 5% year-over-year to $4.0 million, or $0.23 diluted EPS, on net interest income growth of 5% to $12.4 million—driven by lower interest expense on borrowings, despite flat loan interest. The net interest margin expanded to 4.35% from 4.20%, while loans grew 3% quarter-over-quarter to $958M, fueled by construction and agricultural segments, yet nonperforming assets ticked down to 1.14% of total assets. Cash climbed to $67M, deposits rose 2% to $1.08B, and free cash flow hit $17.2M after $1.5M capex; the $9M junior subordinated debentures were partially redeemed for a $0.2M gain. Year-to-date, though, net income fell 28% to $8.9M amid higher credit provisions from student loan charge-offs. Competition from larger banks pressures deposit pricing in the Central Valley.
8-K
Q3 earnings rise 5%
United Security Bancshares posted Q3 net income of $4.0 million, up 5% from $3.8 million last year, fueled by a net interest margin expansion to 4.35% and slashed short-term borrowing costs. Loans swelled $30 million to $958 million, deposits hit $1.08 billion, yet student loan charge-offs lingered. Equity climbed $7 million post-dividends. Credit provisions dropped sharply.
10-Q
Q2 FY2025 results
United Security Bancshares posted Q2 net income of $2.2 million, down 49.5% y/y from $4.3 million, as a $1.9 million provision for credit losses—up sharply from $19,000—offset modest net interest income gains from higher loan volumes. Total loans grew 2.0% q/q to $947.3 million, driven by 13.6% expansion in construction lending, while deposits dipped 0.2% to $1.06 billion; net interest margin widened to 4.35% from 4.28% y/y. Cash stood at $49.1 million with $727 million in available credit lines and no borrowings outstanding. Elevated student loan charge-offs fueled the provision spike. Yet credit quality improved, with nonperforming assets falling to 1.14% of total assets. Loans expanded steadily. Regulatory scrutiny on capital adequacy lingers.
8-K
Q2 net income drops 49.5%
United Security Bancshares reported Q2 2025 net income of $2.2 million, down 49.5% from $4.3 million a year ago, hammered by a $1.9 million credit loss provision from student loan charge-offs after pandemic forbearance ended. Net interest margin edged up to 4.35%, while loans grew 2% to $947.3 million and deposits dipped slightly to $1.056 billion. Elevated charge-offs persist, but allowance remains adequate.
8-K
Quarterly dividend declared
United Security Bancshares declared a $0.12 per share quarterly cash dividend on June 24, 2025, payable July 22 to shareholders of record July 7. This steady payout underscores the company's commitment to returning capital amid stable operations. Forward-looking statements highlight potential risks to results.
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