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.
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.
First US Bancshares reported a net income of $0.4 million for 3Q2020, unchanged from 2Q2020 but down from $1.1 million in 3Q2019. Year-to-date net income decreased to $1.7 million from $3.4 million in 2019. Total loans grew by 9.3% to $609.6 million, mainly due to indirect sales and commercial real estate lending. Despite a modest net interest income increase to $9.0 million, the net interest margin declined to 4.56%. The provision for loan losses rose to $1.0 million amid economic uncertainty, while non-performing assets decreased. The company declared a cash dividend of $0.03 per share.
First US Bancshares, Inc. (Nasdaq: FUSB) declared a cash dividend of $0.03 per share, payable on October 1, 2020, to shareholders of record by September 11, 2020. This marks the company’s twenty-fifth consecutive quarter of dividend payments, highlighting its commitment to maintaining a strong capital base. The company operates banking offices in Alabama, Tennessee, and Virginia, and oversees various financial services.
First US Bancshares, Inc. (Nasdaq: FUSB) reported a net income of $0.4 million, or $0.06 per diluted share, for 2Q2020, down from $0.8 million in 1Q2020 and $1.0 million in 2Q2019. The decline was primarily due to COVID-19 impacts, including a decrease in net interest income and increased provisions for loan losses. Total assets rose by 7.3%, with deposits increasing by 8.2%. The company maintained a strong capital position, with capital ratios above regulatory requirements, but net interest margins were pressured by low yields. A dividend of $0.03 per share was declared.
First US Bancshares, Inc. (Nasdaq: FUSB) has declared a cash dividend of $0.03 per share, payable on July 1, 2020, to shareholders on record by June 12, 2020. This marks the twenty-fourth consecutive quarter of dividend payments, reflecting the company's commitment to maintaining a strong capital base. The company operates banking offices in Alabama, Tennessee, and Virginia, offering various financial services. Forward-looking statements highlight potential risks influenced by economic conditions and the ongoing COVID-19 pandemic.
First US Bancshares reported a net income of $0.8 million, or $0.13 per diluted share, for Q1 2020, a decrease from $1.2 million, or $0.18 per diluted share, in Q4 2019 and Q1 2019. Effective January 1, 2020, the Company transferred $45.5 million in indirect loans to enhance portfolio growth. Net interest margin fell to 4.97% due to a significant interest rate drop. Non-performing assets slightly decreased to $4.7 million. The Company declared a $0.03 cash dividend and completed share repurchases. The impact of the COVID-19 pandemic prompted the implementation of a Pandemic Contingency Plan.
