United Security Bancshares (UBFO) Q1 2026 earnings summary

Executive summary

• Net income for Q1 2026 was $11.49 million, up from $8.29 million in Q1 2025 and $11.17 million in Q4 2025, with diluted EPS of $0.60 compared to $0.44 and $0.58, respectively.

• Completed merger with United Security Bancshares on April 1, 2026, expanding reach in Central California; combined results to be reported from Q2 2026.

• Declared a $0.12 per share cash dividend, payable May 22, 2026.

Financial highlights

• Net interest income before provision for credit losses rose to $36.0 million, up 11.9% year-over-year.

• Total non-interest income increased 6.8% year-over-year to $2.79 million, driven by higher FHLB dividends.

• Total non-interest expense decreased 2.1% year-over-year to $22.99 million, mainly due to lower salaries and professional services.

• Gross loans grew by $209.7 million (8.98%) year-over-year and $61.4 million (2.47%) sequentially.

• Total deposits increased by $213 million (7.3%) year-over-year and $46.3 million (1.5%) sequentially.

Outlook and guidance

• Management expects to leverage the merger to deliver expanded solutions and long-term value, with combined financials to be reported in Q2 2026.