UNITED SECURITY BANCSHARES Files 8-K on Q4 2023 Financials
Ticker: UBFO · Form: 8-K · Filed: Jan 25, 2024 · CIK: 1137547
| Field | Detail |
|---|---|
| Company | United Security Bancshares (UBFO) |
| Form Type | 8-K |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: financial-condition, results-of-operations, 8-K, banking
TL;DR
**UBFO just dropped its Q4 2023 financial update, time to check the numbers.**
AI Summary
UNITED SECURITY BANCSHARES (UBFO) filed an 8-K on January 25, 2024, reporting on its financial condition and results of operations for the period ending December 31, 2023. This filing indicates that the company is providing an update on its financial performance, which is crucial for investors to assess the bank's health and profitability. For shareholders, this matters because it offers transparency into the company's recent financial standing, helping them evaluate their investment and make informed decisions about buying, holding, or selling UBFO stock.
Why It Matters
This filing provides investors with the latest financial results, allowing them to gauge the company's performance and make informed investment decisions.
Risk Assessment
Risk Level: low — This 8-K is a routine financial disclosure, not indicating any immediate new risks but providing data for risk assessment.
Analyst Insight
A smart investor would review the full financial statements and exhibits attached to this 8-K to understand the detailed performance metrics and financial health of UNITED SECURITY BANCSHARES before making any investment decisions.
Key Players & Entities
- UNITED SECURITY BANCSHARES (company) — the registrant filing the 8-K
- December 31, 2023 (date) — the date of the earliest event reported in the 8-K
- January 25, 2024 (date) — the filing date of the 8-K
- 000-32987 (number) — Commission File Number
- 91-2112732 (number) — I.R.S. Employer Identification No.
FAQ
What is the purpose of this 8-K filing by UNITED SECURITY BANCSHARES?
The purpose of this 8-K filing is to report on the company's Results of Operations and Financial Condition, as well as Financial Statements and Exhibits, for the period ending December 31, 2023, as indicated by the 'ITEM INFORMATION' sections.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on December 31, 2023, as stated in the 'Date of Report (Date of earliest event reported)' section.
What is the trading symbol and exchange for UNITED SECURITY BANCSHARES' Common Stock?
The trading symbol for UNITED SECURITY BANCSHARES' Common Stock is UBFO, and it is registered on NASDAQ, as listed under 'Securities registered pursuant to Section 12(b) of the Act'.
Is UNITED SECURITY BANCSHARES considered an emerging growth company?
No, UNITED SECURITY BANCSHARES is not indicated as an emerging growth company, as the checkbox for 'Emerging growth company' is not marked.
What is the business address and phone number of UNITED SECURITY BANCSHARES?
The business address of UNITED SECURITY BANCSHARES is 2126 Inyo Street, Fresno, California 93721, and its telephone number is 559-490-6261.
Filing Stats: 606 words · 2 min read · ~2 pages · Grade level 12 · Accepted 2024-01-25 16:29:52
Filing Documents
- ubfo-20231231.htm (8-K) — 24KB
- ubfo123123earningsrelease.htm (EX-99.1) — 405KB
- 0001137547-24-000015.txt ( ) — 580KB
- ubfo-20231231.xsd (EX-101.SCH) — 2KB
- ubfo-20231231_lab.xml (EX-101.LAB) — 24KB
- ubfo-20231231_pre.xml (EX-101.PRE) — 12KB
- ubfo-20231231_htm.xml (XML) — 3KB
02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION
ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION On December 31, 2023, the Company issued a press release announcing results for the quarter and year ended December 31, 2023 (the "Press Release"). A copy of the Press Release is furnished as Exhibit 99.1 and incorporated herein by reference. The Press Release contains the non-GAAP measure Core Net Income. The Company believes that the presentation of that non-GAAP measure provides useful information for the understanding of its ongoing operations and, thereby, enhances an investor's overall understanding of the Company's current financial performance relative to past performance and provides, along with the nearest GAAP measures, a baseline for modeling future expectations. The non-GAAP measure is reconciled to the comparable GAAP financial measure in the financial tables within the Press Release. The Company cautions that the non-GAAP measure should be considered in addition to, but not as a substitute for, the Company's reported GAAP results. Additionally, the Company notes that there can be no assurance that the above referenced non-GAAP financial measure is comparable to similarly titled financial measures used by other companies. The information in Item 2.02 of this Current Report on Form 8-K and the Press Release attached hereto as Exhibit 99.1 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
01 FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS. (d) Exhibits. EXHIBIT # 99.1 Press release of United Security Bancshares date d Jan uary 25, 2024
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized. United Security Bancshares Date: December 31, 2023 By: /s/ David A. Kinross David A. Kinross Senior Vice President and Chief Financial Officer