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what it is
United Security is a small California bank that takes deposits, makes loans, and now plans to merge away its standalone future.
how it gets paid
FY 2025 net interest income was ~$48.8M (up modestly YoY). The ~$57M “revenue” total here is a rounded bank-wide mix— reconcile every line to the 10-K.
what just happened
Q4 2025 diluted EPS was ~$0.19 on much smaller quarterly revenue than the bogus $46M screen— releases cite merger costs lifting expenses.
At a glance
B+ balance sheet — decent shape, but not bulletproof
55/100 earnings predictability — expect surprises
15.8x trailing p/e — the market's not buying it — or you found a deal
4.7% dividend yield — cash in your pocket every quarter
~$0.70 FY2025 diluted EPS (reported)
xvary composite: 56/100 — below average
What they do
United Security is a small California bank that takes deposits, makes loans, and now plans to merge away its standalone future.
This is a local relationship bank, not a scale machine. It has 114 employees serving California businesses, farmers, professionals, and households, which means your banker may know your loan before a credit committee does. That matters because community banking relationship lending (loans based on local knowledge, not just formulas, so what: stickier customers) can hold deposits and borrowers in place longer than a rate sheet alone.
How they make money
~$57M
annual revenue (approx. mix— verify 10-K)
commercial real estate lending
$17M
flat
commercial & industrial lending
$10M
up
agricultural lending
$9M
flat
residential & construction lending
$11M
dn
deposit fees & other banking income
$10M
up
The products that matter
spread income from loans and deposits
Net interest income
~$48.8M FY · ~86% of ~$57M mix
Net interest income is still the core— FY 2025 grew vs. 2024 in release recaps; margin expansion showed up before merger noise in expenses.
main driver
fees and other banking income
Non-interest income
~$8M · ~14% of mix shown
Non-interest income is the smaller lever— Q4 can spike on fair-value / debenture items; read the footnotes.
secondary stream
regional deposit and loan franchise
United Security Bank
~$57M rounded revenue base
United Security Bank is the California franchise inside the holding company— merger path matters more than brand hype.
deal vehicle
Key numbers
15.8x
trailing p/e
You are paying ~15.8x trailing earnings for a bank whose FY diluted EPS fell ~$0.85 → ~$0.70 (2024 → 2025). That is not expensive, but it is not a free pass either.
4.7%
dividend yield
The dividend pays you while the merger plays out. That matters more when the stock story is about waiting, not rapid growth.
$12M
long-term debt
Debt is just 6% of capital. Plain English: leverage is modest, so this bank is less likely to blow itself up with borrowing.
~$57M
annual revenue
Very small bank— rounding here is illustrative; filings win if this page disagrees.
Financial health
B+
strength
- balance sheet grade B+ — solid but not elite
- risk rank 3 — safer than 50% of stocks
- price stability 80 / 100
- long-term debt $12M (6% of capital)
B+ — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for UBFO right now.
source: institutional data · return history unavailable
What just happened
Q4 + FY 2025
Q4 2025 diluted EPS ~$0.19 (up YoY); FY 2025 diluted EPS ~$0.70 vs. ~$0.85 prior year.
Wire recaps cite higher provisions and merger-related expenses weighing on FY profit even as Q4 benefited from margin expansion and non-interest bumps— use the filing for exact quarter revenue (consensus screens land ~$13M, not $46M).
~$13M
Q4 revenue (approx.)
~$0.19
Q4 diluted EPS
~$48.8M
FY net interest income
the number that mattered
FY EPS down ~$0.85 → ~$0.70 while you collect a ~4.7% yield— the merger and credit cycle are doing more storytelling than any single quarter.
source: UBFO Q4 / FY 2025 recaps · Business Wire / markets.financialcontent · Yahoo recap
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What could go wrong
the #1 risk is the Community West merger failing to close.
med
merger execution
The signed agreement is the entire near-term setup. If regulators object, shareholders balk, or the terms change, the stock loses the reason it moved toward the top of its range.
A broken deal does not just trim upside. It sends you back to valuing a $61M-revenue bank on standalone numbers.
med
spread income concentration
Net interest income is $49M, or about 80% of revenue. If funding costs rise or loan yields reset lower, most of the business takes the hit at once.
This risk reaches four-fifths of the revenue base, which is why a simple p/e multiple can hide real earnings pressure.
med
single-state exposure
You do not have geographic diversification here. The loan book and deposit base live in California, so local credit weakness lands on the whole franchise.
One-state concentration means there is no other region inside the company to offset a local slowdown.
If the deal breaks, you are back to underwriting a $61M bank where about 80% of revenue comes from net interest income in one state.
source: institutional data · regulatory filings · risk analysis
Pay attention to
closing
Community West merger milestones
Watch for regulatory approvals, shareholder steps, and any amendment to the signed agreement. This is the calendar that matters most.
income
dividend maintenance
The 4.7% yield helps while you wait. If that payout changes before close, the hold gets less attractive on day one.
margin
net interest income direction
$49M of revenue comes from spread income. That makes every update on loan yields and funding costs more important than a generic revenue line.
credit
California loan quality
A single-state bank does not get many hiding places. Any sign of credit stress in its California book should go to the top of your watchlist.
Analyst rankings
earnings predictability
55 / 100
in human-speak, the bank's earnings path is only middling predictable.
price stability
80 / 100
the stock usually moves less than noisier small caps, until deal news shows up.
risk rank
3
safer than about half the market. not a bunker, not a grenade.
source: institutional data
Institutional activity
institutional ownership data for UBFO is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$11
current price
n/a
target midpoint · n/a from current
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