First Us Bancsha Stock Price, News & Analysis

First US Bank (NASDAQ:FUSB) has appointed Warren Giardina as its new Birmingham Market Executive. Giardina, a Birmingham native and University of Alabama graduate, brings over 26 years of commercial lending experience to the role.

Prior to joining First US Bank, Giardina held leadership positions at PNC Bank, Colony Bank, and Southern States Bank. In his new role, he will focus on expanding First US Bank's presence in central Alabama, leveraging his extensive experience in relationship building and commercial lending in the Birmingham market.

First US Bancshares (NASDAQ:FUSB) reported Q2 2025 net income of $0.2 million ($0.03 per diluted share), down significantly from $1.8 million in Q1 2025 and $2.1 million in Q2 2024. The decline was primarily due to a substantial $2.7 million provision for credit losses.

Key metrics include: Net interest margin increased to 3.59% (up 6 basis points from Q1), total loans grew by 2.7% to $871.4 million, and total deposits increased by 2.6% to $986.8 million. The company's loan growth was primarily driven by a $25.1 million increase in consumer indirect loans and $12.4 million growth in multi-family residential real estate.

Asset quality metrics showed some deterioration with net charge-offs increasing to 0.79% of average loans in Q2 2025, compared to 0.13% in Q1 2025, primarily due to a $1.2 million partial charge-off of one commercial loan and increased indirect portfolio losses.

First US Bank (NASDAQ:FUSB) has announced the appointment of Scott Cox as its new Senior Commercial Lending Executive. Cox brings 27 years of industry experience in corporate banking, business banking, and wealth management to the role.

Previously serving as East Region Market CEO for Commercial Banking Offices and Community Markets at BBVA USA, Cox will now lead First US Bank's commercial lending team across key markets in Alabama and east Tennessee. The UNC Chapel Hill economics graduate will focus on driving the bank's growth and deepening client relationships in these regions.

First US Bancshares (NASDAQ: FUSB) has declared a quarterly cash dividend of $0.07 per share, maintaining its consistent dividend payment streak for the forty-fourth consecutive quarter. The dividend will be payable on July 1, 2025, to shareholders of record as of June 13, 2025. CEO James F. House emphasized the company's commitment to rewarding shareholders while maintaining a strong capital foundation.

First US Bancshares reported Q1 2025 net income of $1.8 million, or $0.29 per diluted share, showing modest growth from $1.7 million in Q4 2024 but a decrease from $2.1 million in Q1 2024. The bank demonstrated solid loan growth of 3.1% during the quarter, with total loans reaching $848.3 million.

Key highlights include:

• Net interest margin improved to 3.53%, up 12 basis points from previous quarter
• Total deposits decreased by $10.6 million to $961.9 million
• Short-term borrowings increased to $45 million from $10 million in Q4 2024
• Asset quality remained strong with nonperforming assets at 0.44% of total assets

The bank maintained strong capital ratios, with a Tier 1 leverage ratio of 9.55%. During Q1 2025, the company repurchased 40,000 shares at an average price of $13.38 and declared a quarterly dividend of $0.07 per share.

First US Bancshares (Nasdaq: FUSB) has declared a cash dividend of $0.07 per share, maintaining its consistent dividend distribution for the forty-third consecutive quarter. The dividend will be payable on April 1, 2025, to shareholders of record as of March 14, 2025.

President and CEO James F. House emphasized the company's commitment to rewarding shareholders while maintaining a strong capital foundation. This announcement demonstrates the company's continued focus on providing steady returns to its investors.

First US Bancshares (NASDAQ: FUSB) reported Q4 2024 net income of $1.7 million ($0.29 per diluted share), down from $2.2 million ($0.36 per share) in Q3 2024 and $2.3 million ($0.36 per share) in Q4 2023. Full-year 2024 net income was $8.2 million ($1.33 per diluted share), compared to $8.5 million ($1.33 per diluted share) in 2023.

Key Q4 2024 highlights include: total loan volume increased by $19.7 million (2.5%); net interest margin decreased to 3.41% from 3.60% in Q3; total deposits decreased by $8.6 million (0.9%); and core deposits represented 86.1% of total deposits. The company increased its quarterly cash dividend to $0.07 per share and repurchased 40,000 shares at an average price of $12.68.

Asset quality metrics showed nonperforming assets at 0.50% of total assets, up from 0.28% year-over-year. The bank maintained strong capital ratios, with a Tier 1 leverage ratio of 9.50%.

First US Bancshares (Nasdaq: FUSB) announced the election of two new directors, Staci M. Pierce and Tracy E. Thompson, to its Board of Directors and its subsidiary, First US Bank. Pierce, CEO of Action Enterprise Holdings, will serve on the Compensation Committee and Directors' Loan Committee. Thompson, CEO and co-founder of Focus Health Group, will serve on the Directors' Loan Committee and the newly-created Tennessee New Business Committee. Pierce brings executive experience in transportation and environmental services, while Thompson contributes expertise in healthcare, banking, and real estate development.

First US Bancshares announced an expansion of its share repurchase program, with the Board of Directors authorizing an additional 600,000 shares for repurchase. The company has already repurchased 1,289,972 shares to date, with 352,813 shares still available under the current program. The repurchase program's expiration has been extended from December 31, 2024, to December 31, 2025. Purchases may be made through open market or private transactions, subject to regulatory requirements and can be suspended at any time.