UNITED SECURITY BANCSHARES (UBFO) Company Report

United Security Bancshares reported net income of $12.3 million or $0.70 per basic and diluted share for the year ended December 31, 2025, a decrease from $14.8 million or $0.85 per share for the year ended December 31, 2024.
For the fourth quarter ended December 31, 2025, net income increased 36.83% to $3.4 million, compared to $2.5 million for the quarter ended December 31, 2024.
The company announced it signed a definitive merger agreement with Community West Bancshares on December 16, 2025, for an all-stock merger transaction expected to close in 2026.
Net interest margin (NIM) increased to 4.36% for the quarter ended December 31, 2025, compared to 4.22% for the quarter ended December 31, 2024, driven by effective deposit cost management.
Total assets increased 3.02% to $1.248 billion and total deposits increased 2.95% to $1.09 billion at December 31, 2025, compared to December 31, 2024.

Jan 22, 2026, 9:15 PM

United Security Bancshares to Merge with Community West Bancshares

UBFO

M&A

Board Change

Management Change

United Security Bancshares has signed a definitive merger agreement to combine with Community West Bancshares in an all-stock transaction.
Under the terms, United Security Bancshares shareholders will receive 0.4520 shares of Community West Bancshares common stock for each share of United Security Bancshares common stock.
Based on Community West Bancshares' closing share price of $24.06 on December 16, 2025, the transaction is valued at approximately $191.9 million, or $10.88 per United Security Bancshares common share.
The merger is expected to close in the second quarter of 2026, subject to regulatory and shareholder approvals, and is anticipated to create a combined company with approximately $5 billion in total assets.
The transaction is projected to be 15.6% accretive to EPS in 2027 for Community West Bancshares and have a 3.0-year TBV earn back period.

Dec 17, 2025, 1:46 PM

United Security Bancshares Reports Strong Q3 2025 Net Income and Improved Profitability

UBFO

Earnings

Demand Weakening

United Security Bancshares reported net income of $4.0 million for the third quarter of 2025, a 5.07% increase compared to $3.8 million for the same period in 2024. Earnings per basic and diluted share were $0.23 for Q3 2025, up from $0.22 in Q3 2024.
The company's profitability metrics improved, with net interest margin increasing to 4.35% for Q3 2025 from 4.20% in Q3 2024. Annualized return on average assets (ROAA) rose to 1.29% from 1.24%, and annualized return on average equity (ROAE) increased to 11.68% from 11.63%.
Total loans, net of unearned fees, increased 3.22% to $958.3 million, and total deposits increased 1.73% to $1.08 billion as of September 30, 2025, compared to December 31, 2024.
The provision for credit losses decreased to $948,000 for Q3 2025, compared to $1.6 million for Q3 2024, primarily due to a decrease in student loan charge-offs. However, for the nine months ended September 30, 2025, the provision for credit losses increased to $5.1 million, compared to $1.8 million for the same period in 2024.

Oct 16, 2025, 8:25 PM

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UNITED SECURITY BANCSHARES (UBFO)