United Security Bancshare | 10-Q: FY2026 Q1 Revenue: USD 17.24 M

Revenue: As of FY2026 Q1, the actual value is USD 17.24 M.

EPS: As of FY2026 Q1, the actual value is USD 0.23.

EBIT: As of FY2026 Q1, the actual value is USD -6.764 M.

Segment Revenue

• Interest Income: $45.913 million for the nine months ended September 30, 2025, compared to $45.605 million for the same period in 2024.
• Noninterest Income: $3.739 million for the nine months ended September 30, 2025, compared to $4.591 million for the same period in 2024.

Operational Metrics

• Net Income: $8.874 million for the nine months ended September 30, 2025, compared to $12.287 million for the same period in 2024.
• Provision for Credit Losses: $5.106 million for the nine months ended September 30, 2025, compared to $1.750 million for the same period in 2024.
• Noninterest Expense: $22.778 million for the nine months ended September 30, 2025, compared to $20.849 million for the same period in 2024.

Cash Flow

• Net Cash Provided by Operating Activities: $18.687 million for the nine months ended September 30, 2025, compared to $15.122 million for the same period in 2024.
• Net Cash Used in Investing Activities: - $17.117 million for the nine months ended September 30, 2025, compared to - $34.287 million for the same period in 2024.
• Net Cash Provided by Financing Activities: $8.986 million for the nine months ended September 30, 2025, compared to $26.296 million for the same period in 2024.

Unique Metrics

• Net Interest Margin: Increased to 4.35% for the quarter ended September 30, 2025, compared to 4.20% for the quarter ended September 30, 2024.
• Annualized Return on Average Assets (ROAA): Increased to 1.29% for the quarter ended September 30, 2025, compared to 1.24% for the quarter ended September 30, 2024.

Future Outlook and Strategy

• Core Business Focus: The Company aims to maintain a mix of assets that generate reasonable returns without undue risk and finance those assets with low-cost, stable funds. The focus is on managing the balance sheet, enhancing revenue sources, attracting and retaining deposit customers, and maintaining market share.
• Non-Core Business: The Company is cautious about expanding into new geographic markets, products, or services due to potential challenges.