United Security Bancshares released its operating results for the fourth quarter and full year ended December 31, 2024. The company reported full-year 2024 earnings per share (EPS) of US$0.86, a notable decrease from US$1.16 in the full year 2023.
Total revenue for the full year 2024 stood at US$48.6 million, representing a 9.0% decline compared to the previous fiscal year. This reduction in revenue, alongside the significant drop in EPS, highlights a challenging financial period for the company.
The full-year results are crucial for evaluating the company's long-term trends and overall financial health. The reported declines in both key financial metrics signal a period of contraction in profitability and top-line performance for United Security Bancshares.
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