FIRST US BANCSHARES, INC. DECLARES CASH DIVIDEND
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 ha annunciato un aumento del 40% del suo dividendo in contante trimestrale a $0,07 per azione, rispetto a $0,05 per azione. Il dividendo sarà corrisposto il 2 gennaio 2025 agli azionisti registrati entro il 13 dicembre 2024. Questo segna il quarantaduesimo pagamento di dividendi trimestrali consecutivo da parte dell'azienda. L'aumento riflette la crescita e la stabilità degli utili dell'azienda, mantenendo un impegno a una solida base di capitale.
First US Bancshares anunció un aumento del 40% en su dividendo en efectivo trimestral a $0.07 por acción, frente a $0.05 por acción. El dividendo se pagará el 2 de enero de 2025 a los accionistas registrados a partir del 13 de diciembre de 2024. Esto marca el cuadragésimo segundo pago trimestral de dividendos consecutivos de la empresa. El aumento refleja el crecimiento y la estabilidad de las ganancias de la empresa, al mismo tiempo que mantiene un compromiso con una sólida base de capital.
First US Bancshares는 분기 현금 배당금을 40% 증가시켜 주당 $0.07로 발표했습니다. 이는 주당 $0.05에서 증가한 것입니다. 배당금은 2025년 1월 2일에 2024년 12월 13일 기준의 주주에게 지급됩니다. 이는 회사의 연속적인 42번째 분기 배당금 지급을 의미합니다. 이 증가는 회사의 수익 성장과 안정성을 반영하며, 강력한 자본 기반에 대한 약속을 유지하고 있습니다.
First US Bancshares a annoncé une augmentation de 40% de son dividende en espèces trimestriel à 0,07 $ par action, contre 0,05 $ par action. Le dividende sera versé le 2 janvier 2025 aux actionnaires enregistrés au 13 décembre 2024. Cela marque le quarante-deuxième paiement consécutif de dividendes trimestriels de l'entreprise. L'augmentation reflète la croissance des bénéfices de l'entreprise et sa stabilité, tout en maintenant un engagement envers une solide base de capital.
First US Bancshares hat eine 40%ige Erhöhung seiner vierteljährlichen Bardividende auf 0,07 $ pro Aktie bekannt gegeben, von zuvor 0,05 $ pro Aktie. Die Dividende wird am 2. Januar 2025 an die Aktionäre ausgezahlt, die am 13. Dezember 2024 registriert sind. Dies markiert die 42. aufeinanderfolgende vierteljährliche Dividendenzahlung des Unternehmens. Die Erhöhung spiegelt das Wachstum und die Stabilität der Unternehmensgewinne wider und unterstreicht das Engagement für eine starke Kapitalbasis.
- 40% increase in quarterly dividend from $0.05 to $0.07 per share
- 42 consecutive quarters of dividend payments demonstrating financial stability
- Growth and stability in company earnings
- None.
Announces
The
"We are pleased to announce an increased dividend that reflects the growth and stability of the Company's earnings " stated James F. House, the Company's President and Chief Executive Officer. "We will continue to evaluate future dividend payments to ensure the Company's shareholders are rewarded, while maintaining a strong capital base," concluded Mr. House.
About First US Bancshares, Inc.
First US Bancshares, Inc. is a bank holding company that operates banking offices in
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; 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; 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 impact of technological changes in the banking and financial service industries and potential information system failures; cybersecurity and data privacy threats; 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 |
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SOURCE First US Bancshares, Inc.
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