United Security Bancshares - Understand $ubfo stock

$UBFO Market Cap: $170.3 Million

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Financial Snapshot

Revenue

$2.143M

TTM

Gross Margin

Net Earnings

$17.69M

TTM

Current Assets

Current Liabilities

$37.27M

Q3 2024

Current Ratio

Total Assets

$1.255B

Q3 2024

Total Liabilities

$1.123B

Q3 2024

Book Value

$132.9M

Q3 2024

Cash

$47.92M

Q3 2024

P/E

9.628

Nov 29, 2024 EST

Free Cash Flow

$20.74M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997
Revenue	$2.918M	$3.027M	$37.73M	$34.57M	$41.28M	$36.62M	$32.93M	$29.47M	$27.41M	$24.96M	$23.00M	$25.15M
YoY Change	-3.6%	-91.98%	9.15%	-16.27%	12.75%	11.19%	11.73%	7.53%	9.81%	8.52%	-8.54%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Revenue	$2.918M	$3.027M	$37.73M	$34.57M	$41.28M	$36.62M	$32.93M	$29.47M	$27.41M	$24.96M	$23.00M	$25.15M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$1.459M	$1.300M	$1.408M	$1.411M	$1.402M	$1.352M	$1.335M	$1.428M	$1.462M	$1.390M	$1.316M	$1.200M	$1.770M	$2.260M	$2.400M	$2.750M	$2.660M	$1.660M	$1.460M	$1.300M	$980.0K	$1.200M	$1.210M	$1.160M	$1.130M	$1.030M	$600.0K
YoY Change	12.23%	-7.67%	-0.21%	0.64%	3.7%	1.27%	-6.51%	-2.33%	5.18%	5.62%	9.67%	-32.2%	-21.68%	-5.83%	-12.73%	3.38%	60.24%	13.7%	12.31%	32.65%	-18.33%	-0.83%	4.31%	2.65%	9.71%	71.67%	71.43%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Interest Expense	$11.06M	$3.195M	$2.079M	$2.290M	$3.888M	$2.703M	$1.730M	$1.409M	$1.281M	$1.345M	$1.611M	$2.061M
YoY Change	246.04%	53.68%	-9.21%	-41.1%	43.84%	56.24%	22.78%	9.99%	-4.76%	-16.51%	-21.83%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997
Pretax Income	$27.48M	$22.06M	$13.31M	$12.41M	$21.27M	$19.35M	$15.68M	$12.25M	$11.31M	$10.41M	$7.374M	$7.602M	-$12.53M	-$7.660M	-$6.690M	$5.680M	$17.82M	$21.40M	$17.40M	$13.37M	$12.37M	$9.750M	$9.380M	$9.710M	$7.850M	$6.920M	$6.280M
YoY Change	24.56%	65.68%	7.27%	-41.64%	9.92%	23.41%	27.95%	8.38%	8.64%	41.14%	-3.0%	-160.67%	63.58%	14.5%	-217.78%	-68.13%	-16.73%	22.99%	30.14%	8.08%	26.87%	3.94%	-3.4%	23.69%	13.44%	10.19%	12.14%
Income Tax	$7.680M	$6.373M	$3.216M	$3.451M	$6.097M	$5.332M	$7.039M	$4.869M	$4.497M	$4.192M	$105.0K	$1.530M	-$1.720M	-$3.220M	-$2.150M	$1.610M	$6.560M	$8.040M	$6.390M	$4.970M	$4.660M	$2.910M	$3.190M	$3.450M	$2.930M	$2.700M	$2.540M
% Of Pretax Income	27.95%	28.89%	24.16%	27.8%	28.67%	27.56%	44.89%	39.73%	39.77%	40.28%	1.42%	20.13%				28.35%	36.81%	37.57%	36.72%	37.17%	37.67%	29.85%	34.01%	35.53%	37.32%	39.02%	40.45%
Net Earnings	$19.80M	$15.69M	$10.10M	$8.961M	$15.17M	$14.02M	$8.640M	$7.385M	$6.810M	$6.216M	$7.269M	$6.069M	-$10.81M	-$4.440M	-$4.540M	$4.070M	$11.26M	$13.36M	$11.01M	$8.410M	$7.710M	$6.830M	$6.190M	$6.260M	$4.920M	$4.220M	$3.740M
YoY Change	26.2%	55.34%	12.69%	-40.94%	8.24%	62.23%	16.99%	8.44%	9.56%	-14.49%	19.77%	-156.14%	143.47%	-2.2%	-211.55%	-63.85%	-15.72%	21.34%	30.92%	9.08%	12.88%	10.34%	-1.12%	27.24%	16.59%	12.83%	12.31%
Net Earnings / Revenue	678.41%	518.2%	26.76%	25.92%	36.75%	38.28%	26.24%	25.06%	24.84%	24.9%	31.6%	24.13%
Basic Earnings Per Share	$1.16	$0.92	$0.59	$0.53	$0.90	$0.83	$0.51	$0.44	$0.40	$0.37	$0.49
Diluted Earnings Per Share	$1.16	$919.4K	$0.59	$0.53	$0.89	$0.83	$0.51	$0.44	$0.40	$0.37	$0.49	$357.1K	-$654.8K	-$268.9K	-$275.0K	$245.6K	$671.0K	$830.8K	$685.6K	$528.9K	$498.7K	$443.8K	$396.5K	$399.5K	$318.0K	$274.0K	$249.8K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$10.44M	$11.75M	$11.50M	$12.00M	$12.70M	$9.800M	$10.20M	$10.40M	$10.80M	$11.60M	$12.10M	$12.30M	$12.70M	$12.90M	$13.30M	$14.30M	$15.60M	$15.30M	$11.00M	$8.100M	$4.600M	$2.600M	$3.100M	$3.400M	$3.900M	$3.600M	$3.700M
YoY Change	-11.21%	2.21%	-4.17%	-5.51%	29.59%	-3.92%	-1.92%	-3.7%	-6.9%	-4.13%	-1.63%	-3.15%	-1.55%	-3.01%	-6.99%	-8.33%	1.96%	39.09%	35.8%	76.09%	76.92%	-16.13%	-8.82%	-12.82%	8.33%	-2.7%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$3.200M					$1.900M	$1.600M	$800.0K	$900.0K	$900.0K	$4.500M	$4.300M	$4.100M	$1.900M	$2.300M	$2.700M	$3.100M	$3.600M	$4.000M	$4.300M	$4.700M	$2.600M	$2.800M	$2.100M	$2.300M	$1.600M	$1.600M
YoY Change						18.75%	100.0%	-11.11%	0.0%	-80.0%	4.65%	4.88%	115.79%	-17.39%	-14.81%	-12.9%	-13.89%	-10.0%	-6.98%	-8.51%	80.77%	-7.14%	33.33%	-8.7%	43.75%	0.0%
Other Assets	$14.05M	$12.83M	$3.600M	$2.900M	$3.200M	$3.200M	$2.400M	$3.300M	$5.200M	$6.900M	$11.60M	$9.700M	$11.50M	$8.900M	$7.500M	$7.100M	$4.300M	$5.300M	$5.200M	$4.500M	$3.100M	$1.600M	$1.700M	$1.200M	$1.000M	$500.0K	$700.0K
YoY Change	9.58%	256.25%	24.14%	-9.38%	0.0%	33.33%	-27.27%	-36.54%	-24.64%	-40.52%	19.59%	-15.65%	29.21%	18.67%	5.63%	65.12%	-18.87%	1.92%	15.56%	45.16%	93.75%	-5.88%	41.67%	20.0%	100.0%	-28.57%
Total Long-Term Assets
YoY Change
Total Assets	$1.211B	$1.299B	$1.331B	$1.093B	$956.9M	$933.1M	$805.8M	$788.0M	$725.6M	$663.2M	$635.9M	$648.9M	$651.3M	$678.2M	$693.2M	$761.1M	$771.7M	$678.3M	$628.9M	$611.7M	$506.6M	$519.3M	$450.9M	$356.8M	$281.5M	$280.0M	$243.6M
YoY Change
Accounts Payable					$100.0K	$8.000M	$7.100M	$5.900M	$5.900M	$4.900M	$5.800M	$6.100M	$5.700M	$4.800M	$5.000M	$6.000M	$9.000M	$9.700M	$7.900M	$6.200M	$5.800M	$3.700M	$2.800M	$2.900M	$2.500M	$2.300M	$1.900M
YoY Change					-98.75%	12.68%	20.34%	0.0%	20.41%	-15.52%	-4.92%	7.02%	18.75%	-4.0%	-16.67%	-33.33%	-7.22%	22.78%	27.42%	6.9%	56.76%	32.14%	-3.45%	16.0%	8.7%	21.05%
Accrued Expenses	$1.437M	$2.093M	$2.700M	$3.000M	$3.500M
YoY Change	-31.34%	-22.48%	-10.0%	-14.29%
Deferred Revenue
YoY Change
Short-Term Debt	$62.00M													$0.00	$0.00	$66.50M	$32.30M	$0.00	$0.00	$100.0K	$300.0K	$36.10M	$28.40M	$48.20M	$11.90M	$0.00	$0.00
YoY Change															-100.0%	105.88%			-100.0%	-66.67%	-99.17%	27.11%	-41.08%	305.04%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$63.44M	$2.093M	$2.700M	$3.000M	$3.600M	$8.000M	$7.100M	$5.900M	$5.900M	$4.900M	$5.800M	$6.100M	$5.700M	$4.800M	$5.000M	$6.000M	$9.000M	$9.700M	$7.900M	$6.200M	$5.800M	$3.700M	$2.800M	$3.000M	$2.500M	$2.500M	$1.900M
YoY Change	2930.91%	-22.48%	-10.0%	-16.67%	-55.0%	12.68%	20.34%	0.0%	20.41%	-15.52%	-4.92%	7.02%	18.75%	-4.0%	-16.67%	-33.33%	-7.22%	22.78%	27.42%	6.9%	56.76%	32.14%	-6.67%	20.0%	0.0%	31.58%
Long-Term Debt	$11.21M	$10.88M	$11.20M	$10.90M	$10.80M	$10.20M	$9.700M	$8.800M	$8.300M	$10.10M	$11.10M	$10.10M	$9.000M	$10.60M	$10.70M	$11.90M	$13.30M	$15.50M	$15.50M	$15.50M	$15.00M	$15.00M	$15.00M	$0.00	$0.00	$0.00	$0.00
YoY Change	3.03%	-2.83%	2.75%	0.93%	5.88%	5.15%	10.23%	6.02%	-17.82%	-9.01%	9.9%	12.22%	-15.09%	-0.93%	-10.08%	-10.53%	-14.19%	0.0%	0.0%	3.33%	0.0%	0.0%
Other Long-Term Liabilities	$9.376M	$8.270M	$8.700M	$8.300M	$8.200M
YoY Change	13.37%	-4.94%	4.82%	1.22%
Total Long-Term Liabilities	$20.59M	$19.15M	$19.90M	$19.20M	$19.00M	$10.20M	$9.700M	$8.800M	$8.300M	$10.10M	$11.10M	$10.10M	$9.000M	$10.60M	$10.70M	$11.90M	$13.30M	$15.50M	$15.50M	$15.50M	$15.00M	$15.00M	$15.00M	$0.00	$0.00	$0.00	$0.00
YoY Change	7.5%	-3.75%	3.65%	1.05%	86.27%	5.15%	10.23%	6.02%	-17.82%	-9.01%	9.9%	12.22%	-15.09%	-0.93%	-10.08%	-10.53%	-14.19%	0.0%	0.0%	3.33%	0.0%	0.0%
Total Liabilities	$1.089B	$1.187B	$1.211B	$974.8M	$840.9M	$823.8M	$704.5M	$691.3M	$636.0M	$580.3M	$559.4M	$579.4M	$589.2M	$604.9M	$617.4M	$681.5M	$689.3M	$612.3M	$569.8M	$558.5M	$461.6M	$478.8M	$414.9M	$323.1M	$253.2M	$255.0M	$221.9M
YoY Change	-8.28%	-1.98%	24.2%	15.92%	2.08%	16.93%	1.91%	8.69%	9.6%	3.74%	-3.45%	-1.66%	-2.6%	-2.02%	-9.41%	-1.13%	12.58%	7.46%	2.02%	20.99%	-3.59%	15.4%	28.41%	27.61%	-0.71%	14.92%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Basic Shares Outstanding	17.11M shares	17.04M shares	17.01M shares	16.98M shares	16.95M shares	16.90M shares	16.89M shares	16.88M shares	16.88M shares	16.69M shares	15.40M shares
Diluted Shares Outstanding	17.13M shares	17.06M shares	17.03M shares	17.00M shares	16.98M shares	16.94M shares	16.90M shares	16.89M shares	16.88M shares	16.69M shares	15.40M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $170.28 Million

About UNITED SECURITY BANCSHARES

United Security Bancshares (California) is a holding company, which engages in the provision of commercial banking services. The company is headquartered in Fresno, California and currently employs 114 full-time employees. The Bank offers a full range of commercial banking services primarily to the business and professional community and individuals, including a variety of deposit instruments including personal and business checking accounts and savings accounts, interest-bearing negotiable order of withdrawal (NOW) accounts, money market accounts, and time certificates of deposit. The Bank also offers a full complement of lending products, including real estate loans, real estate construction loans, commercial and industrial loans, agricultural loans, and installment loans. The Bank's services include online banking, mobile banking, safe deposit boxes, wire transfers, payroll direct deposit, cashier's checks, and cash management services. The Bank operates approximately 12 full-service branch offices in Fresno, Bakersfield, Campbell, Caruthers, Coalinga, Firebaugh, Mendota, Oakhurst, San Joaquin, and Taft.

Industry: National Commercial Banks Peers: CB Financial Services, Inc. Centric Financial Corp FIRST UNITED CORP/MD/ PNC FINANCIAL SERVICES GROUP, INC.