First US Bancshares, Inc. Announces Expansion of Share Repurchase Program

Rhea-AI Summary

First US Bancshares (Nasdaq: FUSB) announced that its Board expanded the existing share repurchase program on Nov 19, 2025. The company has repurchased 1,389,972 shares to date and had 852,813 shares available prior to this action. The Board authorized an additional 1,000,000 shares for repurchase and extended the program expiration from Dec 31, 2025 to Dec 31, 2026.

Repurchases may be executed via open market or negotiated transactions, including under Rule 10b5-1 and Rule 10b-18, are subject to regulatory requirements, do not obligate the company to buy a set number of shares, and may be suspended at the company’s discretion.

Positive

• Board authorized an additional 1,000,000 shares for repurchase
• Repurchase program extended to Dec 31, 2026
• Company has already repurchased 1,389,972 shares to date

Negative

• Only 852,813 shares remained available before the new authorization
• Repurchases are not obligatory and the program may be suspended at any time

News Market Reaction

+1.40%

1 alert

+1.40% News Effect

On the day this news was published, FUSB gained 1.40%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

BIRMINGHAM, Ala., Nov. 19, 2025 /PRNewswire/ -- First US Bancshares, Inc. (Nasdaq: FUSB) (the "Company"), a Delaware corporation based in Birmingham, Alabama, announced today that its Board of Directors has expanded the Company's existing share repurchase program. The Company has repurchased 1,389,972 shares of its common stock to date under the repurchase program, and 852,813 shares remain available for repurchase. The Board of Directors has authorized the Company to repurchase an additional 1,000,000 shares under the repurchase program and extended the expiration of the repurchase program from December 31, 2025, to December 31, 2026. The share repurchase program was originally approved by the Company's Board of Directors on January 19, 2006. 

Share repurchases under the repurchase program may be made through open market transactions, through privately negotiated transactions or otherwise at times and in such amounts as management deems appropriate, subject to applicable regulatory requirements. Open market purchases may be executed through a pre-arranged repurchase plan that operates in accordance with the guidelines specified under Rule 10b5-1 and Rule 10b-18 under the Securities Exchange Act of 1934, as amended. The repurchase program does not obligate the Company to acquire any particular number of shares and may be suspended at any time at the Company's discretion.

About First US Bancshares, Inc.

First US Bancshares, Inc. is a bank holding company that operates banking offices in Alabama, Tennessee and Virginia through First US Bank (the "Bank"). The Company files periodic reports with the U.S. Securities and Exchange Commission (the "SEC"). Copies of its filings may be obtained through the SEC's website at www.sec.gov or at www.firstusbank.com. More information about the Company and the Bank may be obtained at www.firstusbank.com. The Company's stock is traded on the Nasdaq Capital Market under the symbol "FUSB."

Forward-Looking Statements

This press release contains forward-looking statements, as defined by federal securities laws. Statements contained in this press release that are not historical facts are forward-looking statements. These statements may address issues that involve significant risks, uncertainties, estimates and assumptions made by management. The Company undertakes no obligation to update these statements following the date of this press release, except as required by law. In addition, the Company, through its senior management, may make from time-to-time forward-looking public statements concerning the matters described herein. Such forward-looking statements are necessarily estimates reflecting the best judgment of the Company's senior management based upon current information and involve a number of risks and uncertainties.

Certain factors that could affect the accuracy of such forward-looking statements and cause actual results to differ materially from those projected in such forward-looking statements are identified in the Company's filings with the SEC, and forward-looking statements contained herein or in other public statements of the Company or its senior management should be considered in light of those factors. Such factors may include risk related to the Company's credit, including that if loan losses are greater than anticipated; the increased lending risks associated with commercial real estate lending; potential weakness in the residential real estate market; liquidity risks; the impact of national and local market conditions on the Company's business and operations; the rate of growth (or lack thereof) in the economy generally and in the Company's service areas; the effects of significant changes to the structure and operations of the federal government; strong competition in the banking industry; the impact of changes in interest rates and monetary policy on the Company's performance and financial condition; the effects of fiscal challenges facing the U.S. government or any potential government shutdown; the impact of technological changes in the banking and financial service industries and potential information system failures; cybersecurity and data privacy threats; the risks and challenges presented by the development and use of artificial intelligence ("AI"); the costs of complying with extensive governmental regulation; the impact of changing accounting standards and tax laws on the Company's allowance for credit losses and financial results; the possibility that acquisitions may not produce anticipated results and result in unforeseen integration difficulties; and other risk factors described from time to time in the Company's public filings, including, but not limited to, the Company's most recent Annual Report on Form 10-K. Relative to the Company's dividend policy, the payment of cash dividends is subject to the discretion of the Board of Directors and will be determined in light of then-current conditions, including the Company's earnings, leverage, operations, financial conditions, capital requirements and other factors deemed relevant by the Board of Directors. In the future, the Board of Directors may change the Company's dividend policy, including the frequency or amount of any dividend, in light of then-existing conditions.

Contact:	Thomas S. Elley
	(205) 582-1200

View original content:https://www.prnewswire.com/news-releases/first-us-bancshares-inc-announces-expansion-of-share-repurchase-program-302620868.html

SOURCE First US Bancshares, Inc.

FAQ

How many additional shares did First US Bancshares (FUSB) authorize for repurchase on Nov 19, 2025?

The Board authorized an additional 1,000,000 shares for repurchase.

What is the new expiration date of First US Bancshares' (FUSB) repurchase program?

The repurchase program expiration was extended to Dec 31, 2026.

How many shares has First US Bancshares (FUSB) repurchased to date under the program?

The company has repurchased 1,389,972 shares to date under the program.

How many shares were available for repurchase before First US Bancshares (FUSB) added 1,000,000 shares?

There were 852,813 shares remaining available for repurchase before the new authorization.

Can First US Bancshares (FUSB) suspend the repurchase program before Dec 31, 2026?

Yes. The company may suspend the repurchase program at any time at its discretion.

What methods can First US Bancshares (FUSB) use to repurchase shares under the program?

Repurchases may be made via open market transactions, privately negotiated transactions, or under a Rule 10b5-1 plan and Rule 10b-18 guidelines.