United Securities Bancshares (USBI) Reports Q1 EPS of $0.05
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United Security Bancshares, Inc. Reports First Quarter Results
April 29, 2016 4:05 PM EDTTHOMASVILLE, Ala., April 29, 2016 (GLOBE NEWSWIRE) -- United Security Bancshares, Inc. (Nasdaq: USBI) (the Company) today reported net income of $0.3 million, or $0.05 per diluted share, for the quarter ended March 31, 2016. The results represent a decrease of $0.02 per share compared to the prior quarter and a decrease of $0.08 per share compared to the first quarter of 2015.Â
First Quarter Highlights
Loan growth - Net loans increased $8.5 million, or 13.3% on an annualized basis, compared to December 31, 2015. The growth in loans was driven by increases at the Companys banking... More