United Security Bancshares Files 8-K on Financials

TL;DR

UBFO filed an 8-K on 4/18/24 detailing financial results.

AI Summary

United Security Bancshares filed an 8-K on April 18, 2024, reporting on its results of operations and financial condition. The filing includes financial statements and exhibits related to the company's performance. The company is incorporated in California and headquartered in Fresno.

Why It Matters

This filing provides investors with updated financial information and operational results for United Security Bancshares, crucial for assessing the company's current performance and future prospects.

Risk Assessment

Risk Level: low — This is a routine financial filing and does not indicate any unusual risks or events.

Key Players & Entities

• UNITED SECURITY BANCSHARES (company) — Registrant
• April 18, 2024 (date) — Date of Report
• Fresno, California (location) — Principal executive offices

FAQ

Filing Documents

• ubfo-20240418.htm (8-K) — 23KB
• ubfo033124earningsrelease.htm (EX-99.1) — 326KB
• 0001137547-24-000069.txt ( ) — 493KB
• ubfo-20240418.xsd (EX-101.SCH) — 2KB
• ubfo-20240418_lab.xml (EX-101.LAB) — 21KB
• ubfo-20240418_pre.xml (EX-101.PRE) — 12KB
• ubfo-20240418_htm.xml (XML) — 3KB

02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION

ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION On April 18, 2024, the Company issued a press release announcing results for the quarter ended March 31, 2024 (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 dated April 18, 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: April 18, 2024 By: /s/ David A. Kinross David A. Kinross Senior Vice President and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR