Tearsheet

United Security Bancshares (UBFO)


Market Price (12/25/2025): $10.22 | Market Cap: $178.7 Mil
Sector: Financials | Industry: Regional Banks

United Security Bancshares (UBFO)


Market Price (12/25/2025): $10.22
Market Cap: $178.7 Mil
Sector: Financials
Industry: Regional Banks

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.


0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, Dividend Yield is 4.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.9%, FCF Yield is 12%
Trading close to highs
Dist 52W High is -1.7%, Dist 3Y High is -1.7%
Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -2.9%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -59%
Weak multi-year price returns
2Y Excs Rtn is -14%, 3Y Excs Rtn is -8.3%
Key risks
UBFO key risks include [1] the potential failure to complete or successfully integrate its pending merger with Community West Bancshares and [2] a high concentration of its loan portfolio in California's real estate and agricultural sectors.
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 44%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 41%
  
3 Low stock price volatility
Vol 12M is 28%
  
4 Megatrend and thematic drivers
Megatrends include Regional Banking & Financial Inclusion. Themes include Digital Community Banking, Localized Digital Lending, and Financial Literacy & Accessibility Tech.
  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, Dividend Yield is 4.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.9%, FCF Yield is 12%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -59%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 44%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 41%
3 Low stock price volatility
Vol 12M is 28%
4 Megatrend and thematic drivers
Megatrends include Regional Banking & Financial Inclusion. Themes include Digital Community Banking, Localized Digital Lending, and Financial Literacy & Accessibility Tech.
5 Trading close to highs
Dist 52W High is -1.7%, Dist 3Y High is -1.7%
6 Weak multi-year price returns
2Y Excs Rtn is -14%, 3Y Excs Rtn is -8.3%
7 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -2.9%
8 Key risks
UBFO key risks include [1] the potential failure to complete or successfully integrate its pending merger with Community West Bancshares and [2] a high concentration of its loan portfolio in California's real estate and agricultural sectors.

Valuation, Metrics & Events

UBFO Stock


Why The Stock Moved


Qualitative Assessment

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Unfortunately, information detailing a specific 8.8% stock movement for United Security Bancshares (UBFO) between August 31, 2025, and December 25, 2025, and the key points explaining such a move, is not available from the provided search results for the requested future period. The search results include various financial news and reports for UBFO within late 2025, such as dividend declarations and earnings reports, but none directly attribute an 8.8% stock fluctuation to specific events within the precise timeframe. Show more

Stock Movement Drivers

Fundamental Drivers

The 7.6% change in UBFO stock from 9/24/2025 to 12/24/2025 was primarily driven by a 7.3% change in the company's P/E Multiple.
924202512242025Change
Stock Price ($)9.4910.227.64%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)52.3552.650.57%
Net Income Margin (%)21.35%21.60%1.16%
P/E Multiple14.6415.727.32%
Shares Outstanding (Mil)17.2417.48-1.44%
Cumulative Contribution7.61%

LTM = Last Twelve Months as of date shown

Market Drivers

9/24/2025 to 12/24/2025
ReturnCorrelation
UBFO7.6% 
Market (SPY)4.4%33.1%
Sector (XLF)4.0%50.6%

Fundamental Drivers

The 26.7% change in UBFO stock from 6/25/2025 to 12/24/2025 was primarily driven by a 50.4% change in the company's P/E Multiple.
625202512242025Change
Stock Price ($)8.0710.2226.69%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)52.6752.65-0.04%
Net Income Margin (%)25.26%21.60%-14.50%
P/E Multiple10.4515.7250.43%
Shares Outstanding (Mil)17.2317.48-1.47%
Cumulative Contribution26.67%

LTM = Last Twelve Months as of date shown

Market Drivers

6/25/2025 to 12/24/2025
ReturnCorrelation
UBFO26.7% 
Market (SPY)14.0%41.1%
Sector (XLF)8.8%53.1%

Fundamental Drivers

The 6.0% change in UBFO stock from 12/24/2024 to 12/24/2025 was primarily driven by a 67.7% change in the company's P/E Multiple.
1224202412242025Change
Stock Price ($)9.6410.225.99%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)54.2252.65-2.90%
Net Income Margin (%)32.62%21.60%-33.80%
P/E Multiple9.3715.7267.66%
Shares Outstanding (Mil)17.1917.48-1.68%
Cumulative Contribution5.96%

LTM = Last Twelve Months as of date shown

Market Drivers

12/24/2024 to 12/24/2025
ReturnCorrelation
UBFO6.0% 
Market (SPY)15.8%55.9%
Sector (XLF)14.9%62.1%

Fundamental Drivers

The 71.9% change in UBFO stock from 12/25/2022 to 12/24/2025 was primarily driven by a 112.7% change in the company's P/E Multiple.
1225202212242025Change
Stock Price ($)5.9510.2271.85%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)43.9452.6519.83%
Net Income Margin (%)31.22%21.60%-30.82%
P/E Multiple7.3915.72112.68%
Shares Outstanding (Mil)17.0417.48-2.59%
Cumulative Contribution71.74%

LTM = Last Twelve Months as of date shown

Market Drivers

12/25/2023 to 12/24/2025
ReturnCorrelation
UBFO32.6% 
Market (SPY)48.9%42.3%
Sector (XLF)53.2%48.8%

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
UBFO Return-30%22%-6%23%28%7%35%
Peers Return-19%40%-3%24%17%12%79%
S&P 500 Return16%27%-19%24%23%18%115%

Monthly Win Rates [3]
UBFO Win Rate50%67%42%67%67%58% 
Peers Win Rate33%53%33%48%42%57% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
UBFO Max Drawdown-52%-4%-18%-22%-14%-23% 
Peers Max Drawdown-46%-3%-17%-23%-18%-18% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: BSRR, HTBK, PLBC, BCAL, MCBS.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/24/2025 (YTD)

How Low Can It Go

Unique KeyEventUBFOS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-33.7%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven50.7%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven228 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-52.7%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven111.6%51.3%
2020 Covid PandemicTime to BreakevenTime to BreakevenNot Fully Recovered days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-18.2%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven22.2%24.7%
2018 CorrectionTime to BreakevenTime to BreakevenNot Fully Recovered days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-90.0%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven900.0%131.3%
2008 Global Financial CrisisTime to BreakevenTime to BreakevenNot Fully Recovered days1,480 days

Compare to NEWT, ATLO, AVBC, LSBK, NU

In The Past

United Security Bancshares's stock fell -33.7% during the 2022 Inflation Shock from a high on 2/6/2023. A -33.7% loss requires a 50.7% gain to breakeven.

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About United Security Bancshares (UBFO)

United Security Bancshares operates as the bank holding company for United Security Bank, a state-chartered bank that provides a range of commercial banking services to the business and professional community, and individuals in California. The company accepts various deposit products, including personal and business checking accounts, savings accounts, interest-bearing negotiable order of withdrawal accounts, money market accounts, and time certificates of deposit. It also provides real estate mortgage, commercial and industrial, real estate construction, and consumer loans, as well as agricultural, installment, and student loans. In addition, the company offers online and mobile banking, safe deposit boxes, wire transfers, payroll direct deposit, cashier's check, cash management, traveler's check, money order, and foreign draft services, as well as interactive teller machines and ATM services. As of January 26, 2022, it operated 12 full-service branch offices in Fresno, Bakersfield, Campbell, Caruthers, Coalinga, Firebaugh, Mendota, Oakhurst, San Joaquin, and Taft. The company was founded in 1987 and is headquartered in Fresno, California.

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Wells Fargo for California's Central Valley.

A local, independent version of Bank of America, serving specific communities in California.

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  • Deposit Services: Provides a range of deposit accounts, including checking, savings, money market, and certificates of deposit for individuals and businesses.
  • Real Estate Loans: Offers financing for residential and commercial properties, encompassing mortgages and construction loans.
  • Commercial Loans: Provides loans to businesses for various purposes, such as working capital, equipment financing, and business expansion.
  • Consumer Loans: Offers personal loans, auto loans, and other installment and revolving credit products to individuals.
  • Other Banking Services: Includes online and mobile banking, debit cards, ATM access, and treasury management solutions.

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United Security Bancshares (UBFO) operates as a bank holding company for United Security Bank, providing financial services primarily to individuals and businesses rather than selling to other public companies as its major customers.

The company serves the following categories of customers:

  • Individuals/Consumers: Residents of the Central Valley of California who utilize personal banking services such as checking and savings accounts, consumer loans, mortgages, and other personal financial products.
  • Small to Medium-sized Businesses (SMBs): Local enterprises that require commercial loans, lines of credit, business checking accounts, treasury management services, and other banking solutions tailored for business operations.
  • Agricultural Businesses: Farmers and agricultural enterprises within the Central Valley seeking specialized agricultural loans, lines of credit, and financial services designed to support farming and agribusiness operations.

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Dennis R. Woods, Chairman, President & CEO

Mr. Woods is the Founding Chairman of United Security Bank, established in 1987, and assumed the additional duties of President and CEO in 1993. Prior to his involvement with United Security Bancshares, he served as the President and CEO and a 50% shareowner of Hestbeck's Incorporated, a wholesale and retail food distribution company, for over 20 years. He has also been active in real estate investment for more than 30 years, including ownership of commercial warehouses, apartments, and residential properties. Additionally, Mr. Woods has been involved with the development and cultivation of pistachio and almond farms since 1980. He has continuously served on the boards of various non-profit organizations.

David A. Kinross, Senior Vice President and Chief Financial Officer

Mr. Kinross was appointed Senior Vice President and Chief Financial Officer of United Security Bancshares and United Security Bank in 2022. Before this, he served as Executive Vice President, Chief Financial & Accounting Officer at Community West Bancshares from 2006 to 2022. His extensive career also includes a role as a Partner at Deloitte & Touche LLP from 1990 to 2003, and as Chief Financial Officer & Vice President at Pelco, Inc. from 2003 to 2006. Mr. Kinross was also President of Baker Storey Mcdonald Properties, Inc.

Kevin Williams, Senior Vice President, Chief Banking Officer

Mr. Williams was appointed Senior Vice President, Chief Banking Officer of United Security Bancshares and its subsidiary United Security Bank in May 2025. He brings over 20 years of banking experience in the Fresno area. His previous roles include serving as Market President for Bank of the Sierra and as Senior Vice President, Central Valley Group Manager for Comerica Bank. He also held leadership positions at BBVA Compass Bank, Security First Bank, Premier Valley Bank, and Bank of America.

Robert C. Oberg, Senior Vice President and Chief Risk Officer

Mr. Oberg has served as Senior Vice President and Chief Risk Officer at United Security Bancshares and United Security Bank since 2018. His prior experience includes being a Senior Vice President at First Financial Bancorp, and Chief Risk Officer & Senior Vice President at Bank of Commerce Holdings from 2009 to 2013. He also held positions as Vice President-Risk Management at SouthTrust Bank and Chief Risk Officer & Senior Vice President at Merchants Bank of Commerce.

William M. Yarbenet, Senior Vice President and Chief Credit Officer

Mr. Yarbenet has been the Senior Vice President and Chief Credit Officer of United Security Bank and United Security Bancshares since July 2013. He possesses more than 25 years of experience in the banking and financial services industry. Prior to joining United Security Bank, Mr. Yarbenet was Executive Vice President and Chief Credit Officer of Heritage Oaks Bank. His career also includes various credit management positions at companies such as Premier West Bancorp, The Goldman Sachs Group, Inc., and Merrill Lynch & Co.

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The key risks to United Security Bancshares (UBFO) are primarily centered around its recently announced merger and the inherent challenges of operating as a regional bank.

  1. Risks Associated with the Pending Merger with Community West Bancshares: On December 17, 2025, United Security Bancshares announced a definitive merger agreement with Community West Bancshares. This all-stock transaction is expected to close in the second quarter of 2026, subject to customary closing conditions, including regulatory and shareholder approvals from both parties. There is a significant risk that these necessary approvals may not be obtained, or that regulatory bodies might impose unfavorable conditions. Furthermore, even if the merger is completed, there are substantial risks related to the successful integration of the two companies, including the ability to achieve anticipated cost savings and operational synergies.
  2. Credit Risk and Concentration in Real Estate and Agricultural Loans: As a commercial bank, United Security Bancshares' primary revenue source is its lending activities. A substantial portion of its loan portfolio is concentrated in real estate mortgages, commercial and industrial loans, real estate construction loans, and agricultural loans, primarily within its operating regions in California, specifically Fresno, Madera, Kern, and Santa Clara counties. Adverse economic conditions, particularly in the real estate or agricultural sectors within these geographic areas, could lead to an increase in loan defaults, adversely affecting the bank's asset quality and overall financial performance.
  3. Interest Rate Risk and Competitive Landscape: The banking industry is highly susceptible to fluctuations in interest rates, which directly impact the profitability of financial institutions by affecting their net interest margin. Additionally, United Security Bancshares operates in a highly competitive banking and financial services environment. This competition stems from various sources, including other financial institutions and the emergence of non-traditional financial service providers, alongside continuous advancements in technology and product delivery systems.

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The ongoing and accelerating disruption from digital-first financial service providers, including neobanks, specialized fintech lenders, and embedded finance platforms. These entities leverage advanced technology and often lower operating costs to offer more convenient, digitally superior, and often lower-fee alternatives for traditional banking services such as deposits, payments, and certain lending products. This trend directly threatens to attract customers, particularly younger demographics and those prioritizing digital convenience, away from traditional community banks like UBFO, potentially eroding market share, increasing competition for deposits and loans, and pressuring net interest margins.

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United Security Bancshares (NASDAQ: UBFO) operates primarily in California, with its headquarters in Fresno and 13 branches across Fresno, Madera, Kern, and Santa Clara counties. The company provides a range of commercial banking services, including various deposit instruments and lending products such as real estate, commercial and industrial, agricultural, and installment loans, to businesses, professionals, and individuals.

Based on the company's main products and services, the estimated addressable market sizes in their operating region are as follows:

  • Commercial Banking Market (California): The market size of the commercial banking industry in California is estimated at $125.7 billion in 2025.
  • Real Estate Lending Market (California): The Real Estate Loans & Collateralized Debt industry in California has a market size of $62.3 billion in 2025. This includes real estate and real estate construction loans.
  • Agricultural Lending Market (California): The farm loan market for the West region of the U.S., which includes California, amounted to $5.42 billion in 2023. California has a significant agricultural economy, with annual agricultural exports exceeding $25 billion and nearly $50 billion in cash receipts from agriculture in 2020.

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Here are 3-5 expected drivers of future revenue growth for United Security Bancshares (UBFO) over the next 2-3 years:

  1. Loan Portfolio Growth: United Security Bancshares anticipates continued expansion in its loan portfolio, particularly within the commercial real estate and construction sectors. This growth is expected to be fueled by favorable regional economic conditions and ongoing demand for financing in these areas. The company reported a $30.0 million increase in loans during the third quarter of 2025 compared to the end of 2024, reaching $960.329 million.
  2. Net Interest Margin (NIM) Improvement: The company has demonstrated an improved net interest margin, which rose to 4.35% in the third quarter of 2025 from 4.20% in the same period of 2024. This improvement was driven by a reduction in interest rates on interest-bearing deposits, short-term borrowings, and junior subordinated debentures, which outpaced decreases in interest rates on loan yields, investment securities, and overnight investments.
  3. Deposit Growth: United Security Bancshares has also experienced growth in its total deposits, which increased by 1.73% to $1.08 billion compared to December 2024 levels. A growing and stable deposit base provides essential funding for the bank's lending activities, thereby supporting revenue generation.
  4. Strategic Focus on Niche Lending Markets: The company maintains a focused approach on niche lending markets, including its installment and student loan portfolio, which totaled $28.8 million as of September 30, 2025. These student loans are primarily directed towards medical and pharmacy school students. Management has noted an encouraging decrease in charge-offs within this student loan portfolio, indicating improved asset quality in this segment.

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Share Repurchases

  • United Security Bancshares did not repurchase any shares during the three- and nine-month periods ended September 30, 2025, and September 30, 2024.

Share Issuance

  • Between December 31, 2024, and March 31, 2025, 111,033 shares were issued, increasing the outstanding shares to 17,475,927.
  • During the period from December 31, 2023, to December 31, 2024, 197,000 shares were issued, bringing the total outstanding to 17,364,894.
  • For the three months ended March 31, 2024, restricted stock awards granted amounted to 123,794 shares.

Inbound Investments

  • Director Jagroop Gill acquired 55,814 shares of the company's stock for a total value of approximately $465,488.76 in August 2025.

Outbound Investments

  • The company made small purchases of correspondent bank stock, totaling $21 thousand for the three months ended September 30, 2025, and $12 thousand for the same period in 2024.
  • An investment of $700 thousand in limited partnerships was recorded for the nine months ended September 30, 2024.

Capital Expenditures

  • Capital expenditures for premises and equipment were $1,540 thousand for the three months ended September 30, 2025, and $843 thousand for the same period in 2024.
  • United Security Bancshares's Capital Expenditures amounted to -$1 million USD as of June 30, 2025.
  • The average annual Capital Expenditures growth rates were 13% over the past three years and 5% over the past five years.

Latest Trefis Analyses

Title
0ARTICLES

Trade Ideas

Select ideas related to UBFO. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
WU_11212025_Dip_Buyer_FCFYield11212025WUWestern UnionDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
13.8%13.8%-0.4%
COIN_11212025_Monopoly_xInd_xCD_Getting_Cheaper11212025COINCoinbase GlobalMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-0.3%-0.3%-0.5%
PYPL_11142025_Dip_Buyer_FCFYield11142025PYPLPayPalDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-4.4%-4.4%-7.5%
V_11142025_Monopoly_xInd_xCD_Getting_Cheaper11142025VVisaMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
7.6%7.6%-2.7%
WD_11072025_Dip_Buyer_ValueBuy11072025WDWalker & DunlopDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-11.2%-11.2%-12.1%

Recent Active Movers

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Peer Comparisons for United Security Bancshares

Peers to compare with:

Financials

UBFOBSRRHTBKPLBCBCALMCBSMedian
NameUnited S.Sierra B.Heritage.Plumas B.Californ.MetroCit. 
Mkt Price10.2233.3712.5645.2819.0427.0723.05
Mkt Cap0.20.40.80.30.60.70.5
Rev LTM5314119091180146143
Op Inc LTM-------
FCF LTM21415722606149
FCF 3Y Avg21425929435742
CFO LTM23425823606250
CFO 3Y Avg23436030436043

Growth & Margins

UBFOBSRRHTBKPLBCBCALMCBSMedian
NameUnited S.Sierra B.Heritage.Plumas B.Californ.MetroCit. 
Rev Chg LTM-2.9%12.7%12.0%48.4%71.8%7.9%12.4%
Rev Chg 3Y Avg6.9%4.0%3.6%15.7%33.9%2.1%5.4%
Rev Chg Q2.2%4.1%18.3%30.0%18.5%2.9%11.2%
QoQ Delta Rev Chg LTM0.6%1.1%4.1%7.5%4.1%0.7%2.6%
Op Mgn LTM-------
Op Mgn 3Y Avg-------
QoQ Delta Op Mgn LTM-------
CFO/Rev LTM44.1%29.6%30.3%25.9%33.4%42.6%31.8%
CFO/Rev 3Y Avg42.4%32.6%31.0%39.6%33.7%46.6%36.7%
FCF/Rev LTM40.8%28.7%30.3%24.7%33.2%42.0%31.7%
FCF/Rev 3Y Avg39.9%31.6%30.4%37.7%33.3%44.5%35.5%

Valuation

UBFOBSRRHTBKPLBCBCALMCBSMedian
NameUnited S.Sierra B.Heritage.Plumas B.Californ.MetroCit. 
Mkt Cap0.20.40.80.30.60.70.5
P/S3.43.24.13.53.44.73.5
P/EBIT-------
P/E15.711.217.811.99.710.411.6
P/CFO7.710.713.413.410.311.110.9
Total Yield11.0%12.0%9.8%10.7%10.3%13.2%10.9%
Dividend Yield4.7%3.1%4.1%2.3%0.0%3.5%3.3%
FCF Yield 3Y Avg14.8%12.2%10.7%12.5%11.6%9.5%11.9%
D/E0.10.50.10.20.10.60.1
Net D/E-0.6-1.0-1.4-1.5-0.10.3-0.8

Returns

UBFOBSRRHTBKPLBCBCALMCBSMedian
NameUnited S.Sierra B.Heritage.Plumas B.Californ.MetroCit. 
1M Rtn2.5%10.8%16.6%7.8%0.2%3.6%5.7%
3M Rtn7.6%13.2%26.0%5.7%11.5%-5.7%9.6%
6M Rtn26.7%19.0%34.0%6.3%24.8%-1.3%21.9%
12M Rtn6.0%16.8%38.6%-3.2%13.1%-14.0%9.5%
3Y Rtn71.9%73.9%13.5%39.1%118.5%38.9%55.5%
1M Excs Rtn-0.9%7.4%13.2%4.4%-3.2%0.2%2.3%
3M Excs Rtn3.1%9.3%21.5%0.9%7.4%-10.1%5.2%
6M Excs Rtn12.2%3.6%19.1%-8.3%9.7%-16.0%6.7%
12M Excs Rtn-11.8%1.4%21.3%-21.2%-2.5%-30.6%-7.2%
3Y Excs Rtn-8.3%-6.2%-67.6%-44.9%36.9%-39.9%-24.1%

Financials

Segment Financials

Revenue by Segment
$ Mil20242023202220212020
Banking6648393743
Total6648393743


Net Income by Segment
$ Mil20242023202220212020
Banking20    
Total20    


Assets by Segment
$ Mil20242023202220212020
Banking1,211    
Total1,211    


Price Behavior

Price Behavior
Market Price$10.22 
Market Cap ($ Bil)0.2 
First Trading Date03/03/1999 
Distance from 52W High-1.7% 
   50 Days200 Days
DMA Price$9.67$8.92
DMA Trendupup
Distance from DMA5.7%14.5%
 3M1YR
Volatility25.2%28.5%
Downside Capture50.9283.59
Upside Capture74.9177.09
Correlation (SPY)33.4%55.9%
UBFO Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta0.390.720.691.070.810.63
Up Beta0.410.220.441.120.640.59
Down Beta-0.781.020.871.311.080.83
Up Capture119%93%70%97%67%28%
Bmk +ve Days13263974142427
Stock +ve Days9172658116369
Down Capture20%59%67%94%87%76%
Bmk -ve Days7162452107323
Stock -ve Days10223261123335

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
 Comparison of UBFO With Other Asset Classes (Last 1Y)
 UBFOSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return8.0%18.3%19.2%71.9%8.9%6.0%-10.4%
Annualized Volatility28.5%19.0%19.5%19.3%15.3%17.1%35.0%
Sharpe Ratio0.260.750.782.690.360.18-0.12
Correlation With Other Assets 62.2%55.9%-7.5%17.9%49.8%23.9%

ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data
 Comparison of UBFO With Other Asset Classes (Last 5Y)
 UBFOSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return13.3%16.3%14.9%18.7%11.7%4.8%32.6%
Annualized Volatility26.2%18.9%17.1%15.5%18.7%18.9%48.7%
Sharpe Ratio0.480.720.700.970.510.170.59
Correlation With Other Assets 37.1%29.4%-5.0%9.0%27.5%13.6%

ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
 Comparison of UBFO With Other Asset Classes (Last 10Y)
 UBFOSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return12.5%13.0%14.7%14.9%6.9%5.2%69.2%
Annualized Volatility38.7%22.3%18.0%14.8%17.6%20.8%55.8%
Sharpe Ratio0.420.540.700.830.310.220.90
Correlation With Other Assets 43.6%37.7%0.2%11.9%37.6%12.6%

ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date12152025
Short Interest: Shares Quantity165,628
Short Interest: % Change Since 11302025-7.8%
Average Daily Volume34,251
Days-to-Cover Short Interest4.84
Basic Shares Quantity17,483,334
Short % of Basic Shares0.9%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
10/16/20255.4%5.0%13.7%
7/17/2025-1.4%0.5%2.5%
4/17/20251.0%10.1%13.2%
1/27/2025-3.3%-5.7%-2.3%
10/18/2024-1.0%0.5%6.4%
7/18/20242.1%4.9%1.4%
4/18/20241.8%2.5%0.7%
1/25/2024-0.2%-1.0%-7.3%
...
SUMMARY STATS   
# Positive141817
# Negative1067
Median Positive1.5%2.0%3.1%
Median Negative-1.1%-4.0%-4.5%
Max Positive12.1%10.1%13.7%
Max Negative-7.7%-9.4%-10.8%

SEC Filings

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Report DateFiling DateFiling
93020251107202510-Q 9/30/2025
6302025807202510-Q 6/30/2025
3312025508202510-Q 3/31/2025
12312024320202510-K 12/31/2024
93020241106202410-Q 9/30/2024
6302024802202410-Q 6/30/2024
3312024509202410-Q 3/31/2024
12312023326202410-K 12/31/2023
93020231115202310-Q 9/30/2023
6302023814202310-Q 6/30/2023
3312023515202310-Q 3/31/2023
12312022329202310-K 12/31/2022
93020221107202210-Q 9/30/2022
6302022805202210-Q 6/30/2022
3312022506202210-Q 3/31/2022
12312021309202210-K 12/31/2021