US$0.24 (vs US$0.36 in 1Q 2023)

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United Security Bancshares (NASDAQ:UBFO) First Quarter 2024 Results

Key Financial Results

  • Revenue: US$12.6m (down 15% from 1Q 2023).

  • Net income: US$4.16m (down 32% from 1Q 2023).

  • Profit margin: 33% (down from 41% in 1Q 2023). The decrease in margin was driven by lower revenue.

  • EPS: US$0.24 (down from US$0.36 in 1Q 2023).

earnings-and-revenue-history

All figures shown in the chart above are for the trailing 12 month (TTM) period

United Security Bancshares shares are up 4.6% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we’ve spotted with United Security Bancshares.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take into account your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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Tags: US0 .24 US0 .36

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