First US Bancshares, Inc. Reports Third Quarter and Year-to-Date 2026 Results: Year-to-Date Diluted EPS Improves by 56%
Key Highlights
- ➤Year-to-date diluted EPS $1.00, up 56.3% year over year
- ➤Third-quarter diluted EPS $0.36, up 16.1% sequentially
- ➤Net interest margin 3.66%, up from 3.56% in 2Q2026
- ➤Indirect consumer loans increased 9.4% year to date to $417.5 million
- ➤627,500 shares repurchased year to date at weighted average $16.02
Expert Statements
James F. House, President and CEO of First US Bancshares, Inc.
“We are pleased to report higher earnings and continued expansion of net interest margin during the third quarter,”
James F. House, President and CEO of First US Bancshares, Inc.
“Net income increased by 11.8% and diluted earnings per share ("EPS") by 16.1% compared to the second quarter.”
James F. House, President and CEO of First US Bancshares, Inc.
“Year-to-date net income increased by 46.5% and diluted earnings per share by 56.3% compared to the same period last year.”
James F. House, President and CEO of First US Bancshares, Inc.
“The improvement in net income along with a successful share repurchase campaign during 2026, contributed to strong earnings per share improvement.”
James F. House, President and CEO of First US Bancshares, Inc.
“Our net interest margin improved to 3.66% for the third quarter, while nonperforming assets and net charge-offs as a percentage of average loans declined from the second quarter.”
James F. House, President and CEO of First US Bancshares, Inc.
“Growth in our indirect consumer portfolio continued, while expected project payoffs in multi-family and construction lending contributed to a decrease in total loans.”
James F. House, President and CEO of First US Bancshares, Inc.
“We remain focused on disciplined pricing and credit quality while maintaining flexibility to respond to opportunities in our markets,”
First US Bancshares, Inc. Reports Third Quarter and Year-to-Date 2026 Results: Year-to-Date Diluted EPS Improves by 56% PR Newswire
BIRMINGHAM, Ala., Oct. 28, 2026 /PRNewswire/ -- First US Bancshares, Inc. (Nasdaq: FUSB) (the "Company"), the parent company of First US Bank (the "Bank"), today reported net income of $2.0 million, or $0.36 per diluted share, for the quarter ended September 30, 2026 ("3Q2026"), compared to $1.8 million, or $0.31 per diluted share, for the quarter ended June 30, 2026 ("2Q2026") and $1.9 million, or $0.32 per diluted share, for the quarter ended September 30, 2025 ("3Q2025"). For the nine months ended September 30, 2026, net income totaled $5.7 million, or $1.00 per diluted share, compared to $3.9 million, or $0.64 per diluted share, for the nine months ended September 30, 2025.
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