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. (FUSB), a community-focused bank holding company since 1952, provides essential commercial and personal banking services across Alabama, Tennessee, and Virginia. This page serves as your centralized source for all official FUSB news, offering investors and stakeholders timely updates on the company developments that matter most.
Access press releases and financial news covering earnings reports, strategic initiatives, leadership updates, and regulatory filings. Our curated collection ensures you stay informed about FUSB’s loan portfolio updates, deposit growth strategies, and risk management practices without needing to search multiple sources.
Discover updates on key banking operations, including interest income trends, investment securities allocations, and community partnership announcements. All content is organized for quick scanning while maintaining compliance with financial disclosure standards.
Bookmark this page or check back regularly to monitor FUSB’s evolving position in the regional banking sector. For historical context, review our archive of announcements detailing the company’s commitment to financial stability and customer-centric services.
On February 22, 2023, First US Bancshares (Nasdaq: FUSB) announced a cash dividend of
First US Bancshares reported a net income of $2.2 million for 4Q2022, equating to $0.35 per diluted share, a rise compared to $1.9 million in 3Q2022 and $1.7 million in 4Q2021. For FY2022, net income reached $6.9 million, reflecting a 60.6% increase in diluted earnings per share. The improvement was attributed to a $4.7 million reduction in non-interest expenses, driven by strategic initiatives initiated in 2021. Loan balances rose to $775.1 million, a 3.1% increase in 4Q2022. Despite challenges from rising interest rates, the company remains optimistic about its positioning, reporting a net interest margin of 4.27% in 4Q2022 and a 67% increase in dividends.
First US Bancshares, Inc. (Nasdaq: FUSB) has extended its share repurchase program, now set to expire on December 31, 2023. To date, the company has repurchased 1,045,972 shares, with 596,813 shares remaining for repurchase. The program allows for share repurchases through various methods, adhering to regulatory guidelines. The Board retains discretion over the execution of the program without obligation to purchase any specific number of shares.
First US Bancshares, Inc. (Nasdaq: FUSB) announced a 67% increase in its quarterly cash dividend, now at $0.05 per share, up from $0.03. The dividend is payable on January 3, 2023, to shareholders of record by December 9, 2022. This marks the 34th consecutive quarter of dividend payments, reflecting the Company's strong earnings growth in 2022. CEO James F. House highlighted the commitment to reward shareholders while maintaining a robust capital base.
First US Bancshares reported a 31.4% quarter-over-quarter earnings growth, with net income of $1.9 million or $0.29 per diluted share for 3Q2022, up from $0.8 million in 3Q2021. The nine-month net income rose to $4.6 million from $2.7 million in 2021. Strategic cost reductions resulted in non-interest expense down by 17.7% year-over-year. The company's total loans increased by $36.1 million or 5.0% in 3Q2022. However, shareholders' equity decreased to $83.1 million, partly due to declines in market value of investment securities amid rising interest rates.
First US Bancshares, Inc. (Nasdaq: FUSB) has declared a cash dividend of $0.03 per share, payable on October 3, 2022. Shareholders of record as of September 9, 2022 will receive this dividend, marking the thirty-third consecutive quarter of dividend payments. CEO James F. House expressed the company's commitment to evaluating future dividends, aligning them with a strong capital base and shareholder rewards.
First US Bancshares, Inc. (FUSB) reported a robust 45.9% year-to-date net income growth of $2.8 million for the first half of 2022, reflecting strategic expense reductions. 2Q2022 net income was $1.4 million, up from $1.0 million YoY. Significant non-interest expense decreases, totaling $1.5 million (18.1% reduction), were achieved due to the company’s focus on cost management and restructuring. Despite lower net interest income attributed to the cessation of ALC's operations, the total loan portfolio increased by 5.3% to $715.8 million, showcasing solid loan growth in key categories.
First US Bancshares, Inc. (Nasdaq: FUSB) has declared a cash dividend of $0.03 per share, marking the thirty-second consecutive quarter of dividend payments. The dividend will be paid on July 1, 2022, to shareholders of record by June 10, 2022. President and CEO James F. House emphasized the company’s commitment to maintaining a strong capital base while evaluating future dividend payments.
First US Bancshares reported 1Q2022 net income of $1.4 million, or $0.20 per share, a 43.3% increase from $1.0 million in 1Q2021. Key factors for growth included a $1.3 million reduction in non-interest expenses driven by strategic efficiency initiatives. However, net income decreased compared to $1.7 million in 4Q2021 due to lower loan interest and fees, and increased loan loss provisions of $0.7 million. As of March 31, 2022, total loans decreased by 4.3% to $680.1 million, while total deposits rose by 1.8% to $853.1 million.
First US Bancshares, Inc. (Nasdaq: FUSB) announced a cash dividend of $0.03 per share, payable on April 1, 2022, to shareholders of record by March 10, 2022. This marks the 31st consecutive quarter of dividend payments. CEO James F. House expressed confidence in continuing dividend evaluations to maintain a robust capital base. The company operates banking offices in Alabama, Tennessee, and Virginia and includes a consumer loan and insurance underwriting business.
