Shares of United Security Bancshares (UBFO) have declined 1.6% since the company reported its earnings for the quarter ended Dec. 31, 2025. This compares to the S&P 500 index’s 1.1% growth over the same time frame. Over the past month, the stock has gained 3.8% compared with the S&P 500’s 0.9% growth.For the fourth quarter of 2025, United Security Bancshares reported earnings of 19 cents per share, reflecting a year-over-year increase of 35.7% from 14 cents per share in the prior-year quarter. Net income of ...

Core Viewpoint - The proposed sale of United Security Bancshares to Community West Bancshares is under investigation to assess whether the transaction adequately values United Security Bancshares [1] Group 1: Transaction Details - Shareholders of United Security Bancshares will receive 0.4520 shares of Community West Bancshares for each share they own in United [1] Group 2: Legal Investigation - Kahn Swick & Foti, LLC is investigating the adequacy of the proposed transaction and the process leading to it [1] - The firm is open to discussions regarding legal rights related to the proposed sale without obligation or cost to interested parties [2]

Financial Performance - For the year ended December 31, 2025, the company reported net income of $12.3 million, a decrease of 16.88% compared to $14.8 million for the year ended December 31, 2024[13]. - Net income for the fourth quarter of 2025 increased 36.83% to $3.4 million, compared to $2.5 million for the fourth quarter of 2024[4]. - Net income for the twelve months ended December 31, 2025, was $12,288 thousand, down from $14,783 thousand in 2024, a decrease of 16.9%[36]. - Basic net income per common share decreased to $0.70 in 2025 from $0.85 in 2024, a decline of 17.6%[36]. Interest Income and Margin - The net interest margin increased to 4.36% for the quarter ended December 31, 2025, compared to 4.22% for the same quarter in 2024[4]. - Net interest income for the twelve months ended December 31, 2025, was $48,771 thousand, compared to $46,850 thousand for the same period in 2024, reflecting a growth of 4.1%[36]. - Total interest income for Q4 2025 was $14,899,000, a decrease from $15,626,000 in Q3 2025[42]. - Net interest income after provision for credit losses for Q4 2025 was $11,727,000, compared to $11,471,000 in Q3 2025[42]. Noninterest Income and Expense - Noninterest income for the quarter ended December 31, 2025, totaled $1.3 million, an increase of 1020.83% from $120,000 in the same quarter of 2024[8]. - Noninterest income for the year ended December 31, 2025, totaled $5.1 million, an increase of $373,000 from $4.7 million in 2024, primarily due to a gain of $391,000 on the fair value of TruPS[16]. - Noninterest expense increased 18.55% to $8.8 million for the quarter ended December 31, 2025, compared to $7.4 million for the same quarter in 2024[9]. - Noninterest expense for the year ended December 31, 2025, totaled $31.6 million, reflecting a $3.3 million increase over $28.3 million in 2024, driven by increases in salaries, employee benefits, and merger expenses[17]. - Total noninterest expense increased to $31,588 thousand in 2025 from $28,280 thousand in 2024, representing an increase of 8.1%[36]. Asset and Deposit Growth - Total assets increased by $36.6 million, or 3.02%, from December 31, 2024, to December 31, 2025, with total cash and cash equivalents increasing by $64.7 million[20]. - Total deposits increased 2.95% to $1.09 billion compared to $1.06 billion at December 31, 2024[4]. - Total deposits increased by $31.2 million, or 2.95%, to $1.09 billion during the year ended December 31, 2025, driven by a $61.7 million increase in noninterest-bearing deposits[21]. - Total deposits rose to $1,088,780 thousand in 2025, up from $1,057,622 thousand in 2024, marking an increase of 2.9%[35]. - Total deposits reached $1,088,780,000 as of December 31, 2025, up from $1,075,900,000 at the end of Q3 2025[41]. Credit Losses and Nonperforming Assets - The company recorded a provision for credit losses of $468,000 for the quarter ended December 31, 2025, down from $1.2 million for the same quarter in 2024[4]. - The Company recorded a provision for credit losses of $5.6 million for the year ended December 31, 2025, compared to $3.0 million in 2024, primarily due to deterioration in the student loan portfolio[24]. - Provision for credit losses increased to $5,574 thousand for the twelve months ended December 31, 2025, compared to $2,963 thousand in 2024, an increase of 88.2%[36]. - Non-performing assets decreased to $13.9 million, or 1.12% of total assets, down from 1.42% in 2024, attributed to a decrease in nonaccrual loans[26]. - Total nonperforming assets decreased to $13,907,000 as of December 31, 2025, from $17,201,000 a year prior[43]. - Nonperforming loans to total gross loans ratio improved to 0.63% as of December 31, 2025, down from 1.36% a year earlier[43]. - The allowance for credit losses to nonperforming loans ratio increased to 258.68% as of December 31, 2025, from 127.16% a year earlier[43]. Efficiency and Ratios - The efficiency ratio for the quarter ended December 31, 2025, increased to 65.09%, compared to 60.79% for the same quarter in 2024[10]. - The efficiency ratio for the year ended December 31, 2025, increased to 58.76%, compared to 54.82% in 2024, indicating that noninterest expenses grew faster than noninterest income and net interest income[18]. - The efficiency ratio for Q4 2025 was 65.09%, compared to 60.79% in Q4 2024[44]. - Return on average assets for Q4 2025 was 1.12%, an increase from 0.81% in Q4 2024[44]. Shareholder Information - Shareholders' equity at December 31, 2025, totaled $139.7 million, an increase of $9.3 million from $130.4 million in 2024, attributed to $12.3 million in net income[22]. - The Company declared a cash dividend of $0.12 per share on December 16, 2025, to be paid on January 13, 2026[23]. - The company reported a total shareholders' equity of $139,683 thousand in 2025, up from $130,362 thousand in 2024, an increase of 7.5%[35]. - Book value per share increased to $7.94 as of December 31, 2025, compared to $7.51 a year earlier[44]. Merger Information - The company’s pending merger with Community West Bancshares is on track to close in 2026, which is expected to enhance value for customers, employees, and shareholders[3].

Core Points - Community West Bancshares and United Security Bancshares are set to merge in an all-stock transaction, with two directors from United Security Bancshares joining the board of Community West Bancshares upon completion of the merger [1][2] - The merger aims to enhance the banking franchise and better serve communities in Central California [2] Company Overview - Community West Bancshares, established in 1979, operates Community West Bank, which provides a range of banking services across Central California [3] - United Security Bancshares, founded in 1987, is the holding company for United Security Bank, offering commercial and personal banking services through 13 branches in various locations [5] Leadership Changes - Jagroop "Jay" Gill, the largest shareholder and Vice Chairman of United Security Bancshares, is expected to be appointed Vice Chairman of Community West Bancshares' board [1]

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FRESNO, Calif.--(BUSINESS WIRE)--On December 16, 2025, the Board of Directors of United Security Bancshares (the "Company†) (NASDAQ: UBFO), the parent company of United Security Bank (the "Bank†), declared a regular quarterly cash dividend of $0.12 per share on the Company's common stock. The dividend is payable on January 13, 2026, to shareholders of record as of December 26, 2025. About United Security Bancshares United Security Bancshares (NASDAQ: UBFO) is the holding company for United Secu. ...

NEW YORK, Dec. 17, 2025 /PRNewswire/ -- Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York City and is investigating United Security Bancshares (NASDAQ: UBFO) related to its sale to Community West Bancshares. Under the terms of the proposed transaction ...

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of United Security Bancshares (NASDAQ: UBFO) to Community West Bancshares for 0.4520 shares of Community West common stock for each share of United Security common stock is fair to United Security shareholders. Halper Sadeh encourages United Security shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpe ...

MILWAUKEE, Dec. 17, 2025 /PRNewswire/ -- The Ademi Firm is investigating United Security Bancshares (Nasdaq: UBFO) for possible breaches of fiduciary duty and other violations of law in its recently announced transaction with Community West Bancshares. Click here to learn how to join our investigation and obtain additional information or contact us at [email protected] or toll-free: 866-264-3995. There is no cost or obligation to you. In the transaction, United Security Bancshares shareholders will receive ...

Core Viewpoint - Community West Bancshares and United Security Bancshares have announced a definitive merger agreement to combine in an all-stock transaction [1] Company Summary - Community West Bancshares is the parent company of Community West Bank, located in Fresno, California [1] - United Security Bancshares is the parent company of United Security Bank, also based in Fresno, California [1] - The merger will involve United Security Bancshares merging into Community West Bancshares [1]