Welcome to our dedicated page for First Us Bancsha news (Ticker: FUSB), a resource for investors and traders seeking the latest updates and insights on First Us Bancsha stock.
First US Bancshares, Inc. (NASDAQ: FUSB) is a bank holding company based in Birmingham, Alabama and the parent of First US Bank, which operates banking offices in Alabama, Tennessee, and Virginia. This news page aggregates Company announcements and third-party coverage related to FUSB, with a focus on its commercial banking activities and financial performance.
News about First US Bancshares, Inc. frequently includes quarterly and year-to-date financial results, where the Company reports net income, net interest income, provision for credit losses, non-interest income and expense, and key banking ratios such as net interest margin, efficiency ratio, and returns on average assets and equity. These releases also provide detailed tables covering loan and deposit balances, asset quality metrics, and capital measures.
Investors and analysts following FUSB can use this page to monitor updates on the Company’s loan portfolio, including real estate, commercial and industrial, and consumer direct and indirect loans. The Company’s disclosures highlight the role of its indirect consumer lending platform, which finances collateral such as boats, recreational vehicles, campers, horse trailers and cargo trailers, and has influenced provisions for credit losses and loan growth trends.
Additional news items cover capital management actions such as cash dividend declarations and changes to the share repurchase program, including expansions of authorized repurchase amounts and extensions of program duration. Governance and leadership developments, such as the election of new directors to the Board of Directors of the Company and First US Bank or the appointment of senior commercial lending executives and market leaders, also appear in press releases.
By reviewing the articles linked on this page, readers can track how First US Bancshares, Inc. communicates its financial results, capital decisions, board and management changes, and other material events that it reports through press releases and SEC filings.
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.
First US Bancshares announced a 40% increase in its quarterly cash dividend to $0.07 per share, up from $0.05 per share. The dividend will be paid on January 2, 2025, to shareholders of record as of December 13, 2024. This marks the company's forty-second consecutive quarterly dividend payment. The increase reflects the company's earnings growth and stability, while maintaining commitment to a strong capital base.
First US Bancshares reported net income of $2.2 million, or $0.36 per diluted share, for Q3 2024, compared to $2.1 million ($0.34 per share) in Q2 2024. For the nine months ended September 30, 2024, net income totaled $6.5 million ($1.04 per diluted share), up from $6.2 million ($0.97 per share) in the same period of 2023. Total deposits increased by $26.7 million (2.8%) during Q3 2024. However, total loan volume decreased by $15.8 million (1.9%) in Q3 2024, primarily due to construction loan payoffs. The company maintained strong capital ratios with a tangible common equity to tangible assets ratio of 8.33%.
First US Bancshares (Nasdaq: FUSB) has declared a cash dividend of $0.05 per share, payable on October 1, 2024. Shareholders of record as of September 13, 2024, will receive the dividend. This marks the forty-first consecutive quarter of dividend payments, reflecting the company's commitment to rewarding shareholders while maintaining a strong capital base.
Company President and CEO, James F. House, emphasized ongoing evaluation of future dividends to ensure shareholder rewards and capital strength.