Quarterly ResultApr 29, 2026, 04:45 PM
FUSB Q1 Net Income $1.9M; Diluted EPS $0.33
AI Summary
First US Bancshares, Inc. announced net income of $1.9 million, or $0.33 per diluted share, for the first quarter of 2026. This represents an increase compared to $1.8 million, or $0.29 per diluted share, in the same quarter of 2025, but a decrease from $2.1 million, or $0.36 per diluted share, in the prior quarter. The company experienced a modest decline in total loan volume but saw growth in its core deposit franchise.
Key Highlights
- FUSB reported net income of $1.9 million for Q1 2026, up from $1.8 million in Q1 2025.
- Diluted EPS was $0.33 for Q1 2026, an increase from $0.29 in Q1 2025.
- Total loans decreased by $9.3 million, or 1.1%, in Q1 2026 to $843.7 million.
- Total deposits grew to $1.038 billion in Q1 2026.
- Net interest income was $9.215 million in Q1 2026.
- Return on average assets (annualized) was 0.67% for Q1 2026.
- Nonperforming assets as a percentage of total assets improved to 0.16% in Q1 2026.