United Security Bancshares (UBFO) Q2 2026 earnings summary

Executive summary

• Completed merger with United Security Bancshares on April 1, 2026, resulting in significant growth in assets, loans, and deposits.

• Net income for Q2 2026 was $2.70 million ($0.10 per diluted share), down from $7.83 million ($0.41 per share) in Q2 2025, primarily due to merger-related expenses, investment losses, and higher credit loss provisions.

• Declared a $0.12 per share cash dividend, payable August 21, 2026.

Financial highlights

• Net income for Q2 2026: $2.70 million, down from $11.49 million in Q1 2026 and $7.83 million in Q2 2025.

• Net interest income before provision for credit losses rose to $50.91 million in Q2 2026, up 52.87% year-over-year.

• Total assets surpassed $5.0 billion, up 36.42% from December 31, 2025.

• Gross loans increased by $992.7 million (38.91%) quarter-over-quarter; total deposits rose by $977.9 million (31.13%) sequentially.

• Net interest margin (tax equivalent) improved to 4.56% in Q2 2026 from 4.10% in Q2 2025.

• Non-interest income declined due to $5.9 million in realized investment losses.

Outlook and guidance

• Management expects the merger to be accretive to future earnings, with integration on track and early results exceeding expectations in key areas.

• Strategic repositioning of the investment portfolio is expected to be accretive to income in future quarters.