Welcome to our dedicated page for United Sec Bancshares Calif news (Ticker: UBFO), a resource for investors and traders seeking the latest updates and insights on United Sec Bancshares Calif stock.
United Security Bancshares (NASDAQ: UBFO) is the holding company for United Security Bank, a community-oriented commercial bank founded in 1987 and headquartered in Fresno, California. The news flow around UBFO reflects its role in the commercial banking and finance and insurance sector, with regular updates on financial performance, dividends, and corporate actions.
Company press releases frequently cover quarterly earnings results, where the Board of Directors reports operating results for specific periods. These announcements are often referenced in Form 8-K filings that furnish earnings press releases as exhibits. Investors following UBFO news can monitor how management communicates results for quarters and year-to-date periods.
Another recurring theme in United Security Bancshares news is dividend declarations. The Board of Directors has repeatedly announced regular quarterly cash dividends on the company’s common stock, specifying record and payment dates. These dividend decisions are disclosed through Business Wire releases and corresponding Form 8-K filings under “Other Events.”
UBFO news also includes governance and leadership updates, such as the appointment of Jagroop “Jay” Gill as Vice Chairman of the company’s and bank’s boards of directors. Company statements describe his role in shaping long-term strategy and supporting organic growth across the bank’s markets.
A major focus of recent coverage is the announced merger between United Security Bancshares and Community West Bancshares. Joint press releases and SEC filings describe the Agreement and Plan of Merger, the planned combination of the holding companies, and the subsequent merger of United Security Bank into Community West Bank, subject to regulatory and shareholder approvals. Readers of the UBFO news page can use this feed to track developments in the merger process, board composition changes tied to the transaction, and related investor communications.
For investors and observers interested in UBFO, the news page offers a centralized view of earnings announcements, dividend actions, leadership changes, and merger-related updates disclosed by United Security Bancshares.
On December 20, 2022, United Security Bancshares (NASDAQ: UBFO) announced a quarterly cash dividend of $0.11 per share on its common stock. This dividend is scheduled for payment on January 19, 2023, to shareholders of record by January 4, 2023. Headquartered in Fresno, United Security Bank, founded in 1987, operates 12 branches across California and offers various financial services including commercial real estate construction and lending. This dividend payment reflects the company's continued commitment to providing value to its shareholders.
United Security Bancshares (Nasdaq: UBFO) reported a net income of $10.3 million, or $0.61 per share, for the nine months ending September 30, 2022, up from $6.7 million in the prior year. For Q3 2022, net income surged 71.1% to $4.5 million, driven by strong loan and investment income due to expanded portfolios and rising interest rates. Total assets increased 2.9% to $1.37 billion with total loans reaching $962.2 million. However, book value per share dipped to $6.28 primarily due to unrealized losses.
On September 27, 2022, United Security Bancshares (NASDAQ: UBFO) announced a quarterly cash dividend of $0.11 per share, payable on October 25, 2022, to shareholders of record by October 11, 2022. The company, which operates United Security Bank with 12 branches in California, continues to show commitment to shareholder value through regular dividend payments.
United Security Bancshares (Nasdaq: UBFO) reported strong financial performance for the six months ended June 30, 2022, with net income reaching $5.9 million, or $0.34 per diluted share, up from $4.1 million, or $0.24 per share a year earlier. The second quarter net income increased 27% to $3.4 million, driven by loan interest income growth of $983,000 and investment securities income of $350,000. Total assets rose slightly to $1.34 billion, with total loans hitting $950 million. However, the book value per share declined to $6.46 due to unrealized losses in the investment portfolio.
On June 28, 2022, United Security Bancshares (NASDAQ: UBFO) announced a regular quarterly cash dividend of $0.11 per share on its common stock. The dividend is payable on July 22, 2022, to shareholders of record as of July 8, 2022.
United Security Bancshares, headquartered in Fresno, operates 12 branch offices and provides various banking services, including commercial and consumer lending. The company emphasizes a commitment to shareholder returns through regular dividends.
United Security Bancshares (Nasdaq: UBFO) reported net income of $2.4 million for Q1 2022, up 73.1% from $1.4 million in Q1 2021. Earnings per share rose to $0.14 compared to $0.08 a year prior. Key metrics showed total assets at $1.35 billion, and total loans at $879.4 million, reflecting growth. The net interest income increased 17.3% to $9.4 million. However, the net interest margin slightly decreased to 3.10%. Shareholders' equity fell to $113.6 million, largely due to unrealized losses in the investment portfolio.
On March 22, 2022, United Security Bancshares (NASDAQ: UBFO) announced a quarterly cash dividend of $0.11 per share, payable on April 18, 2022, to shareholders of record by April 6, 2022. This reflects the company’s ongoing commitment to returning value to its shareholders. Founded in 1987 and headquartered in Fresno, United Security Bank operates 12 branches across Central California, providing a range of financial services including commercial real estate and consumer lending. For more details, visit www.unitedsecuritybank.com.
United Security Bancshares (Nasdaq: UBFO) reported its financial results for the year and quarter ending December 31, 2021. The company achieved a net income of $10.1 million, or $0.59 per share, reflecting a year-over-year increase from $9.0 million, or $0.53 per share. In Q4 2021, net income surged 75.3% to $3.4 million. Total assets rose 21.8% to $1.3 billion, while total loans increased 33.2% to $871.5 million. The allowance for credit losses decreased to 1.07%. The company declared a cash dividend of $0.11 per share, payable January 18, 2022.
On December 12, 2021, United Security Bancshares (NASDAQ: UBFO) declared a quarterly cash dividend of $0.11 per share, payable on January 18, 2022, to shareholders of record as of January 3, 2022. This dividend reflects the Company’s commitment to returning value to its shareholders while maintaining a sound financial position. United Security Bancshares operates United Security Bank, providing various banking services across California with 12 full-service branches in the region.
United Security Bancshares (Nasdaq: UBFO) reported unaudited financial results for Q3 and YTD September 30, 2021. Net income rose 15% to $2.6 million for Q3 2021, driven by increased loan income. YTD net income was $6.7 million, down from $7.0 million in 2020. Total assets increased by 18.3% to $1.29 billion, with loans and deposits growing significantly. Despite a $1.7 million provision for credit losses, nonperforming assets decreased. The company declared a quarterly cash dividend of $0.11 per share, payable October 25, 2021.