United Security Bancshares (UBFO)

UBFO Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	55.35	54.18	43.04	35.15	32.4	34.61
Interest Income on Investments	5.66	6.19	6.22	2.58	2.16	6.68
Total Interest Income	61.01	60.38	49.26	37.73	34.57	41.28
Interest Paid on Deposits	8.28	6.76	2.82	1.9	2.01	3.43
Interest Paid on Borrowings	5.74	4.3	0.38	0.18	0.28	0.46
Total Interest Expense	14.01	11.06	3.2	2.08	2.29	3.89
Net Interest Income	47	49.32	46.06	35.65	32.28	37.39
Net Interest Income Growth (YoY)	-7.58%	7.08%	29.20%	10.45%	-13.68%	10.27%
Gain (Loss) on Sale of Assets	0.01	-	-0.01	0.01	-	-
Gain (Loss) on Sale of Investments	0.41	0.04	-0.4	-0.11	0.07	0
Other Non-Interest Income	7.17	5.53	2.25	3.48	4.79	5.75
Total Non-Interest Income	7.59	5.57	1.84	3.39	4.86	5.75
Non-Interest Income Growth (YoY)	109.38%	202.99%	-45.70%	-30.41%	-15.47%	29.77%
Revenues Before Loan Losses	54.59	54.89	47.9	39.04	37.14	43.15
Provision for Loan Losses	2.62	1.46	1.8	2.11	2.77	0.02
Revenue	51.96	53.43	46.1	36.93	34.37	43.13
Revenue Growth (YoY)	-2.52%	15.91%	24.83%	7.44%	-20.30%	7.52%
Salaries and Employee Benefits	13.09	12.68	11.47	11.48	10.4	10.76
Occupancy Expenses	1.5	1.5	1.3	3.54	1.41	1.4
Federal Deposit Insurance	0.67	0.73	0.79	0.74	0.46	0.16
Selling, General & Administrative	9.4	8.31	7.73	4.76	6.69	7
Other Non-Interest Expense	2.9	2.54	2.65	2.84	2.34	2.29
Total Non-Interest Expense	27.72	25.95	24.04	23.62	22.27	21.86
EBT Excluding Unusual Items	24.24	27.48	22.06	13.31	12.1	21.27
Pretax Income	24.24	27.48	22.06	13.31	12.41	21.27
Income Tax Expense	6.55	7.68	6.37	3.22	3.45	6.1
Net Income	17.69	19.8	15.69	10.1	8.96	15.17
Net Income to Common	17.69	19.8	15.69	10.1	8.96	15.17
Net Income Growth	-10.38%	26.20%	55.34%	12.69%	-40.94%	8.24%
Basic Shares Outstanding	17	17	17	17	17	17
Diluted Shares Outstanding	17	17	17	17	17	17
Shares Change (YoY)	0.43%	0.37%	0.18%	0.19%	0.08%	0.27%
EPS (Basic)	1.03	1.16	0.92	0.59	0.53	0.90
EPS (Diluted)	1.03	1.16	0.92	0.59	0.53	0.89
EPS Growth	-10.43%	25.73%	55.93%	11.78%	-40.69%	7.31%
Dividend Per Share	0.480	0.460	0.440	0.440	0.440	0.440
Dividend Growth	6.67%	4.55%	0%	0%	0%	25.71%
Effective Tax Rate	27.03%	27.95%	28.89%	24.16%	27.80%	28.67%

Source: S&P Capital IQ. Banks template. Financial Sources.