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UBFO

United Security Bancshares

UBFO

United Security Bancshares • NASDAQ
$9.89 ▼ -0.10% (-0.01)
Market Cap $172.10 M
52w High $10.49
52w Low $7.32
Dividend Yield 0.48%
P/E 15.22
Volume 8.64K
Outstanding Shares 17.40M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $15.626M ▼ $7.434M ▼ $4.023M ▲ 25.746% ▲ $0.23 ▲ $6.293M ▲
Q2-2025 $15.762M ▼ $7.739M ▲ $2.169M ▼ 13.761% ▼ $0.13 ▼ $3.383M ▼
Q1-2025 $16.643M ▲ $7.604M ▲ $2.682M ▲ 16.115% ▼ $0.16 ▲ $4.128M ▼
Q4-2024 $15.303M ▼ $7.466M ▲ $2.495M ▼ 16.304% ▼ $0.14 ▼ $4.302M ▼
Q3-2024 $17.766M $7.13M $3.829M 21.552% $0.22 $5.518M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $207.684M ▲ $1.236B ▲ $1.098B ▲ $137.382M ▲
Q2-2025 $119.132M ▲ $1.214B ▲ $1.08B ▲ $134.254M ▲
Q1-2025 $112.049M ▼ $1.192B ▼ $1.059B ▼ $132.876M ▲
Q4-2024 $213.593M ▲ $1.212B ▼ $1.081B ▼ $130.362M ▼
Q3-2024 $213.126M $1.255B $1.123B $132.856M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $4.023M ▲ $6.967M ▼ $-4.425M ▲ $15.134M ▼ $17.676M ▲ $6.131M ▼
Q2-2025 $2.169M ▼ $8.702M ▲ $-16.851M ▼ $19.346M ▲ $11.197M ▲ $8.119M ▲
Q1-2025 $2.682M ▲ $3.018M ▼ $4.159M ▼ $-25.494M ▲ $-18.317M ▼ $2.897M ▼
Q4-2024 $2.496M ▼ $4.513M ▼ $47.24M ▲ $-43.457M ▼ $8.296M ▼ $4.317M ▼
Q3-2024 $3.829M $5.37M $-23.539M $27.327M $9.158M $5.267M

Revenue by Products

Product Q2-2019Q1-2025Q2-2025Q3-2025
Banking Segment
Banking Segment
 $0 ▲$20.00M ▲$30.00M ▲$50.00M ▲
Financial Service
Financial Service
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement United Security Bancshares shows a pattern of slow but steady revenue growth over the past five years, with most of the improvement coming as interest rates rose and loan yields improved. Profitability expanded meaningfully coming out of the pandemic, but earnings appear to have pulled back in the most recent year even as revenue stayed roughly flat. That suggests some pressure on margins, likely from higher funding costs, credit provisioning, or operating expenses. Overall, the bank still earns a clear profit, but the most recent trend is one of stabilizing, not accelerating, earnings, and points to a more mature, rate‑sensitive earnings profile typical of a small regional bank.

Balance Sheet

Balance Sheet The balance sheet looks generally solid and conservative. Total assets have been broadly stable, with a modest drift down from a prior peak, which is consistent with a bank that is not chasing aggressive growth. Equity has slowly built over time, indicating retained profitability and a reasonable capital cushion. Cash balances were very elevated a few years ago and have since normalized to more typical levels as excess liquidity was likely deployed or repriced. Debt usage remains low overall, with a noticeable temporary increase in one recent year that has already been scaled back. In simple terms, the bank appears adequately capitalized, modestly leveraged, and not overextended.

Cash Flow

Cash Flow Cash generation from the core banking business has been consistently positive and relatively steady year after year. Free cash flow closely tracks operating cash flow, reflecting very light capital spending needs, which is typical for a traditional bank with limited physical expansion and no heavy manufacturing‑type assets. This consistency in cash flow supports ongoing dividends and internal balance sheet strengthening, but it also underscores that this is a stable, not high‑growth, cash story. There is no sign in the data of cash strain or heavy reinvestment cycles.

Competitive Edge

Competitive Edge United Security Bancshares competes as a classic community bank with a strong regional focus in California’s Central Valley, especially in agricultural and commercial real estate lending. Its main advantages are deep local relationships, long‑tenured leadership with local ties, and the ability to make lending decisions quickly and locally. It also serves some smaller and rural markets that larger banks have exited, which can build loyalty and reduce direct big‑bank competition. On the other hand, its narrow geographic and sector focus concentrates risk in the regional economy and in agriculture, and its smaller scale limits marketing power and diversification compared with larger regional peers. Overall, its edge is relationship‑driven rather than cost‑ or technology‑driven.

Innovation and R&D

Innovation and R&D UBFO is not a technology pioneer, but it has built out a full, modern set of digital tools that meet the basic expectations of both consumers and business clients. Its strength is in practical, business‑oriented services—such as electronic payments, remote deposits, fraud‑prevention tools, and a dedicated mobile app for business customers—integrated with high‑touch local service. This model leans more on adopting standard banking technologies than on developing proprietary platforms or heavy in‑house R&D. The key risk is falling behind if customer expectations or competitor offerings move faster in areas like advanced mobile features, data analytics, or fintech partnerships. The opportunity lies in selectively enhancing digital capabilities while preserving the personalized service that differentiates the bank.

Summary

United Security Bancshares presents as a conservative, relationship‑driven community bank with steady but unspectacular financial performance. Revenues have crept higher over time, profitability improved post‑pandemic, and then eased somewhat in the latest year as industry‑wide pressures on margins showed up. The balance sheet looks disciplined, with moderate growth, rising equity, and limited reliance on debt. Cash flows are consistently positive, with low reinvestment needs. Competitively, the bank’s core strength is its local franchise in the Central Valley, focus on agriculture and commercial clients, and willingness to serve smaller and overlooked communities. Its main structural challenges are limited scale, sector and geographic concentration, and the need to keep pace with ongoing digital transformation. Overall, it looks more like a stable, income‑generating community institution than a high‑growth or heavily tech‑driven bank, with outcomes closely tied to the health of its regional economy and its ability to maintain credit quality and client loyalty over time.

NEWS

October 16, 2025 · 4:00 PM UTC

United Security Bancshares Reports Second Quarter 2025 Earnings

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September 24, 2025 · 4:00 PM UTC

United Security Bancshares Declares Quarterly Cash Dividend

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