United Historical Income Statement
| UBFO Stock | USD 9.67 0.13 1.36% |
Historical analysis of United Security income statement accounts such as Interest Expense of 11.6 M, Total Revenue of 35.7 M, Gross Profit of 35.7 M or Other Operating Expenses of 39.9 M can show how well United Security Bancshares performed in making a profits. Evaluating United Security income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of United Security's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining United Security Banc latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether United Security Banc is a good buy for the upcoming year.
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About United Income Statement Analysis
United Security Banc Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to United Security shareholders. The income statement also shows United investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
United Security Income Statement Chart
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Total Revenue
Total revenue comprises all receipts United Security Banc generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of United Security Bancshares minus its cost of goods sold. It is profit before United Security operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of United Security Banc. It is also known as United Security overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most accounts from United Security's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into United Security Banc current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in United Security Bancshares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. At this time, United Security's Net Income is very stable compared to the past year. As of the 22nd of November 2024, Depreciation And Amortization is likely to grow to about 2.2 M, while Total Revenue is likely to drop about 35.7 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 38.9M | 47.8M | 65.4M | 35.7M | Interest Expense | 2.1M | 3.2M | 11.1M | 11.6M |
United Security income statement Correlations
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United Security Account Relationship Matchups
High Positive Relationship
High Negative Relationship
United Security income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 3.9M | 2.3M | 2.1M | 3.2M | 11.1M | 11.6M | |
| Total Revenue | 42.5M | 36.7M | 38.9M | 47.8M | 65.4M | 35.7M | |
| Gross Profit | 42.5M | 36.7M | 38.9M | 47.8M | 65.4M | 35.7M | |
| Other Operating Expenses | 13.4M | 24.3M | 25.6M | 4.2M | 38.0M | 39.9M | |
| Operating Income | 21.3M | 12.4M | 13.3M | 25.9M | 56.6M | 59.4M | |
| Ebit | 23.2M | 22.5M | 12.4M | 13.3M | 23.3M | 0.0 | |
| Ebitda | 22.7M | 13.2M | 14.5M | 24.0M | 2.1M | 2.0M | |
| Total Operating Expenses | 13.4M | (24.3M) | (25.6M) | 4.1M | 8.9M | 9.3M | |
| Income Before Tax | 21.3M | 12.4M | 13.3M | 22.1M | 27.5M | 28.8M | |
| Total Other Income Expense Net | 21.3M | 12.4M | (999K) | (896K) | 27.5M | 28.8M | |
| Net Income | 15.2M | 9.0M | 10.1M | 15.7M | 19.8M | 20.8M | |
| Income Tax Expense | 6.1M | 3.5M | 3.2M | 6.4M | 7.7M | 4.1M | |
| Depreciation And Amortization | 171.9K | 811K | 1.1M | 709K | 2.1M | 2.2M | |
| Selling General Administrative | 12.2M | 12.2M | 13.4M | 12.3M | 13.6M | 11.0M | |
| Net Income Applicable To Common Shares | 15.2M | 9.0M | 10.1M | 15.7M | 18.0M | 18.9M | |
| Net Income From Continuing Ops | 27.4M | 9.0M | 10.1M | 15.7M | 19.7M | 12.9M | |
| Tax Provision | 6.1M | 3.5M | 3.2M | 6.4M | 8.1M | 6.0M | |
| Net Interest Income | 36.8M | 31.6M | 35.7M | 46.1M | 50.9M | 39.1M | |
| Interest Income | 40.7M | 33.9M | 37.7M | 49.3M | 59.7M | 42.5M | |
| Reconciled Depreciation | 1.4M | 1.4M | 1.1M | 709K | 851K | 937.8K |
Pair Trading with United Security
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if United Security position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in United Security will appreciate offsetting losses from the drop in the long position's value.Moving together with United Stock
| 0.71 | AX | Axos Financial | PairCorr |
| 0.72 | BY | Byline Bancorp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.81 | PB | Prosperity Bancshares Fiscal Year End 22nd of January 2025 | PairCorr |
Moving against United Stock
The ability to find closely correlated positions to United Security could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace United Security when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back United Security - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling United Security Bancshares to buy it.
The correlation of United Security is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as United Security moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if United Security Banc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for United Security can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in United Security Bancshares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of United Security. If investors know United will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about United Security listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Dividend Share 0.48 | Earnings Share 1.04 | Revenue Per Share 3.026 | Quarterly Revenue Growth 0.02 | Return On Assets 0.014 |
The market value of United Security Banc is measured differently than its book value, which is the value of United that is recorded on the company's balance sheet. Investors also form their own opinion of United Security's value that differs from its market value or its book value, called intrinsic value, which is United Security's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because United Security's market value can be influenced by many factors that don't directly affect United Security's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between United Security's value and its price as these two are different measures arrived at by different means. Investors typically determine if United Security is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, United Security's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.