First Us Bancsha Stock Price, News & Analysis

First US Bancshares reported a net income of $953,000 for 2Q2021, staying consistent with the previous quarter. Loan growth for the quarter reached $19.1 million, a 2.8% increase, driven primarily by indirect lending and construction portfolios. Non-performing assets decreased to $2.1 million, improving credit quality. The bank's total deposits rose by $19.8 million, or 2.4%, during the same period, while pre-provision net interest income improved by $248,000. However, net interest margin faced compression at 4.31% due to the prevailing interest rates. A cash dividend of $0.03 was declared.

First US Bancshares, Inc. (FUSB) announced the election of Marlene M. McCain as a director, effective immediately. McCain, a certified public accountant with over 40 years of experience, will serve on the Company’s Audit Committee and the Bank's Retail, Operations, and Compliance Committee. Her background includes significant roles in public accounting and financial management, enhancing the board's expertise. CEO James F. House welcomed her, emphasizing her valuable insights for the Company’s growth strategies and initiatives.

First US Bancshares, Inc. (Nasdaq: FUSB) has declared a cash dividend of $0.03 per share, payable on July 1, 2021, to shareholders of record by June 11, 2021. This marks the twenty-eighth consecutive quarter the company has paid a dividend. James F. House, President and CEO, expressed commitment to maintaining a strong capital base while evaluating future dividend payments.

On April 28, 2021, First US Bancshares, Inc. (Nasdaq: FUSB) announced an expansion of its existing share repurchase program. Having repurchased 587,824 shares, the Company is now authorized to buy back an additional 1,000,000 shares, extending the program's expiration to December 31, 2022. This initiative is expected to enhance shareholder value and reflects management's confidence in the Company's future performance. The program allows repurchases through open market or negotiated transactions, adhering to applicable regulations.

First US Bancshares reported a net income of $950,000 for Q1 2021, a rise from $847,000 in Q1 2020. Total loans grew by $20.4 million, with significant increases in commercial real estate and indirect lending portfolios. Deposits rose by 4.6%, totaling $35.8 million. However, net interest margin fell to 4.40% due to ongoing compression from the low-interest rate environment. Non-performing assets improved, totaling $3.5 million. The company declared a cash dividend of $0.03 per share, maintaining strong capital ratios above regulatory requirements.

First US Bancshares, Inc. (Nasdaq: FUSB) has declared a cash dividend of $0.03 per share, payable on April 1, 2021, to shareholders of record by March 12, 2021. This marks the twenty-seventh consecutive quarter of dividend payments, reflecting the company's commitment to maintaining a strong capital base. President and CEO James F. House highlighted the importance of future evaluations for dividends to ensure alignment with financial objectives.

First US Bancshares (FUSB) reported a net income of $1.0 million for 4Q2020, an increase from $0.4 million in 3Q2020, yet down from $1.2 million in 4Q2019. Total loans grew by 17.1% year-over-year, reaching $638.4 million. The increase in net income was attributed to improved net interest income and reduced loan loss provisioning, despite a decrease in non-interest income. The company declared a cash dividend of $0.03 per share for 2020, totaling $0.12 for the year. Despite challenges posed by COVID-19, First US Bancshares maintained strong capital ratios and solid loan growth.

First US Bancshares (FUSB) announced an extension of its share repurchase program, allowing the repurchase of up to 642,785 shares of its common stock. Originally approved in January 2006, the program now expires on December 31, 2021. To date, 587,824 shares have been repurchased, leaving 54,961 shares available for repurchase. Transactions will occur through open market and private negotiations, adhering to regulatory requirements. This move aims to enhance shareholder value and demonstrates confidence in the company’s financial stability.

First US Bancshares, Inc. (Nasdaq: FUSB) has declared a cash dividend of $0.03 per share, payable on January 4, 2021, to shareholders of record as of December 11, 2020. This marks the twenty-sixth consecutive quarter of dividend payments, reinforcing the company’s commitment to maintaining a strong capital base. The company operates banking offices in Alabama, Tennessee, and Virginia, along with a consumer loan division and reinsurance services.