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United Security Bancshares (United Security Bancshares) Sloan Ratio % : -7.36% (As of Dec. 2023)


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United Security Bancshares Sloan Ratio % Definition

Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.

United Security Bancshares's Sloan Ratio for the quarter that ended in Dec. 2023 was -7.36%.

As of Dec. 2023, United Security Bancshares has a Sloan Ratio of -7.36%, indicating the company is in the safe zone and there is no funny business with accruals.


United Security Bancshares Sloan Ratio % Historical Data

The historical data trend for United Security Bancshares's Sloan Ratio % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

United Security Bancshares Sloan Ratio % Chart

United Security Bancshares Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.28 5.56 23.51 12.79 -7.36

United Security Bancshares Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.06 0.06 -0.66 -7.36 -

Competitive Comparison of United Security Bancshares's Sloan Ratio %

For the Banks - Regional subindustry, United Security Bancshares's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


United Security Bancshares Sloan Ratio % Distribution

For the Banks industry and Financial Services sector, United Security Bancshares's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where United Security Bancshares's Sloan Ratio % falls into.



United Security Bancshares Sloan Ratio % Calculation

Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.

United Security Bancshares's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2023 )-Cash Flow from Operations (A: Dec. 2023 )
-Cash Flow from Investing (A: Dec. 2023 ))/Total Assets (A: Dec. 2023 )
=(19.796-21.376
-87.583)/1211.045
=-7.36%

United Security Bancshares's Sloan Ratio for the quarter that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Dec. 2023 )
=(19.796-21.376
-87.583)/1211.045
=-7.36%

United Security Bancshares's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 6.125 (Mar. 2023 ) + 4.417 (Jun. 2023 ) + 3.853 (Sep. 2023 ) + 5.401 (Dec. 2023 ) = $19.80 Mil.
United Security Bancshares's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 9.328 (Mar. 2023 ) + 8.326 (Jun. 2023 ) + -2.991 (Sep. 2023 ) + 6.713 (Dec. 2023 ) = $21.38 Mil.
United Security Bancshares's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was 40.255 (Mar. 2023 ) + -16.143 (Jun. 2023 ) + -0.335 (Sep. 2023 ) + 63.806 (Dec. 2023 ) = $87.58 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


United Security Bancshares  (NAS:UBFO) Sloan Ratio % Explanation

A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.

According to How to Beat the Market with the Sloan Ratio:

If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.

If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.

If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.

As of Dec. 2023, United Security Bancshares has a Sloan Ratio of -7.36%, indicating the company is in the safe zone and there is no funny business with accruals.


United Security Bancshares Sloan Ratio % Related Terms

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United Security Bancshares (United Security Bancshares) Business Description

Traded in Other Exchanges
N/A
Address
2126 Inyo Street, Fresno, CA, USA, 93721
United Security Bancshares operates as the holding for United Security Bank. It provides commercial banking services to the business and professional community, and individuals located in Fresno, Madera, and Kern Counties. It offers checking and savings accounts, deposits, mortgage loans, credit and debit cards, safe deposit boxes, automated teller machines, wire transfers, money market accounts, mobile banking, and wealth management services. The company's primary sources of revenue are interest income from loans and investment securities.
Executives
Oberg Robert C Jr officer: SVP & CHIEF RISK OFFICER 610 DAYTON STREET APT# 3, HAMILTON OH 45011
Dennis R Woods director, officer: CEO 1525 E. SHAW AVE., FRESNO CA 93710
Jagroop Gill director 2126 INYO STREET, FRESNO CA 93721
G Thompson Ellithorpe director 1525 E SHAW AVE, FRESNO CA 93710
Thomas G Walker director 2126 INYO STREET, FRESNO CA 93721
William M. Yarbenet officer: SVP & CCO 2126 INYO STREET, FRESNO CA 93721
Kenneth D Newby director 2126 INYO STREET, FRESNO CA 93721
Susan Quigley director 2126 INYO STREET, FRESNO CA 93721
Heather Hammack director 2126 INYO STREET, FRESNO CA 93721
Dora Westerlund director 2126 INYO STREET, FRESNO CA 93721
Nabeel Mahmood director 2126 INYO STREET, FRESNO CA 93721
Brian Tkacz director 2126 INYO STREET, FRESNO CA 93721
Benjamin Mackovak director 2126 INYO STREET, FRESNO CA 93721
David L Eytcheson officer: SVP & COO 1525 E SHAW AVE, FRESNO CA 93710
David A Kinross officer: SVP & CHIEF FINANCIAL OFFICER 600 POLLASKY AVENUE, CLOVIS CA 93612

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