Welcome to our dedicated page for United Security Bancshares news (Ticker: UBFO), a resource for investors and traders seeking the latest updates and insights on United Security Bancshares stock.
United Security Bancshares (UBFO) operates as the bank holding company for United Security Bank, a state-chartered bank providing a comprehensive range of commercial banking services. Catering to the business and professional community as well as individuals primarily in California, United Security Bancshares serves markets in Fresno, Madera, Santa Clara, and Kern Counties.
The bank offers a variety of deposit products including personal and business checking accounts, savings accounts, money market accounts, and time certificates of deposit. Additionally, it provides an array of loan options such as real estate mortgage, commercial and industrial, real estate construction, consumer loans, agricultural loans, installment loans, and student loans.
United Security Bank also excels in providing online and mobile banking services, as well as cash management solutions and other personal banking products like safe deposit boxes, payroll direct deposit, cashier's checks, traveler's checks, money orders, and foreign drafts. Modern conveniences such as interactive teller machines (ITMs) and ATMs are also part of its service portfolio.
Noteworthy recent developments include the expansion of its digital banking capabilities and continued investment in community growth through localized banking services. Financially, United Security Bancshares derives its primary revenue from interest income generated through loans and investment securities. The institution maintains 12 full-service branch offices strategically located to best serve its customer base.
The Board of Directors of United Security Bancshares (NASDAQ: UBFO) announced operating results for the quarter ending March 31, 2023. The company is headquartered in Fresno, California, and operates 12 full-service branches across several locations. The release emphasizes the financial performance and business operations of United Security Bank, the subsidiary of United Security Bancshares. For detailed insights, investors can access the full press release through the provided investor relations link.
On March 28, 2023, United Security Bancshares (NASDAQ: UBFO) declared a quarterly cash dividend of $0.11 per share, payable on April 21, 2023, to shareholders of record as of April 7, 2023. The company, headquartered in Fresno, California, operates 12 full-service branches and offers services including commercial real estate construction, commercial and consumer lending. This dividend declaration showcases the company's commitment to rewarding shareholders amidst its ongoing operations.
The Board of Directors of United Security Bancshares (NASDAQ: UBFO) announced its operating results for the quarter and year ending December 31, 2022. This announcement provides investors with insights into the company's financial performance and operational highlights over the specified period.
The holding company oversees United Security Bank, which has been serving clients since 1987 and operates multiple branch offices across California. Stakeholders can access the complete financial details and reports through the company's investor relations page for further analysis.
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.
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