FIRST US BANCSHARES, INC. DECLARES CASH DIVIDEND

Rhea-AI Summary

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.

Positive

• 43 consecutive quarters of dividend payments showing consistent shareholder returns
• Maintained dividend level at $0.07 per share
• Strong capital base maintained while supporting dividend payments

Negative

• None.

BIRMINGHAM, Ala., Feb. 26, 2025 /PRNewswire/ -- First US Bancshares, Inc. (Nasdaq: FUSB) (the "Company") announced today that the Company's Board of Directors has declared a cash dividend of $0.07 per share.  The dividend is payable on April 1, 2025, to shareholders of record at the close of business on March 14, 2025. 

"We are pleased to announce a dividend for the forty-third consecutive quarter," 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 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; 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

 

View original content:https://www.prnewswire.com/news-releases/first-us-bancshares-inc-declares-cash-dividend-302386242.html

SOURCE First US Bancshares, Inc.

FAQ

What is the dividend amount and payment date for First US Bancshares (FUSB) latest dividend?

First US Bancshares declared a cash dividend of $0.07 per share, payable on April 1, 2025, to shareholders of record as of March 14, 2025.

How many consecutive quarters has First US Bancshares (FUSB) paid dividends?

First US Bancshares has paid dividends for forty-three consecutive quarters, demonstrating consistent shareholder returns.

When is the record date for First US Bancshares (FUSB) latest dividend?

The record date for First US Bancshares' latest dividend is March 14, 2025.

What is First US Bancshares' (FUSB) dividend policy according to management?

Management evaluates future dividend payments to ensure shareholders are rewarded while maintaining a strong capital base.