First US Bancshares Increases Share Buyback Initiative
Share Repurchase Program Expansion: First US Bancshares has expanded its existing share repurchase program, authorizing an additional 1,000,000 shares for repurchase.
Current Repurchase Status: To date, the company has repurchased 1,389,972 shares, with 852,813 shares still available for repurchase under the program.
Extended Expiration Date: The expiration date for the share repurchase program has been extended from December 31, 2025, to December 31, 2026.
Original Approval Date: The share repurchase program was initially approved by the Board of Directors on January 19, 2006.
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- Earnings Highlights: First US Bancshares (FUSB) reported a Q1 GAAP EPS of $0.33, indicating stable profitability and a positive outlook for the company's financial health.
- Revenue Growth: The company achieved revenues of $10.06 million in Q1, reflecting a 3.0% year-over-year increase, which demonstrates robust performance and an expanding customer base in the market.
- Dividend Performance: The dividend scorecard mentioned in the earnings report underscores the company's commitment to shareholder returns, enhancing investor confidence in its financial strategies.
- Financial Transparency: First US Bancshares provided comprehensive financial information, allowing investors to gain insights into the company's financial health and future growth potential.
- Dividend Declaration: First US Bancshares' Board of Directors has declared a cash dividend of $0.07 per share, payable on April 1, 2026, reflecting the company's ongoing profitability and commitment to shareholders.
- Consecutive Dividend Record: This marks the 47th consecutive quarter of cash dividends, indicating the company's stable financial performance and focus on shareholder returns, which enhances investor confidence.
- Future Dividend Assessment: CEO James F. House stated that the company will continue to evaluate future dividend payments to ensure shareholder rewards while maintaining a strong capital base, highlighting the company's focus on sustainable growth.
- Company Background: First US Bancshares operates banking offices in Alabama, Tennessee, and Virginia, and files periodic reports with the SEC, ensuring transparency and compliance in its operations.
- Net Income Growth: In Q4 2025, First US Bancshares reported net income of $2.1 million, or $0.36 per diluted share, reflecting a 10% increase from Q3 2025 and a 24% increase from Q4 2024, indicating sustained profitability improvement.
- Loan Quality Improvement: The ratio of nonperforming assets to total assets decreased to 0.14% in Q4 2025 from 0.50% in Q4 2024, demonstrating effective credit management and enhancing market confidence in the company's financial health.
- Deposit Growth: Total deposits increased by $25.5 million, or 2.5%, in Q4 2025, primarily driven by growth in interest-bearing demand deposits and certificates of deposit, reflecting the company's success in attracting customer deposits.
- Increased Shareholder Equity: As of December 31, 2025, shareholder equity reached $105.648 million, or 9.15% of total assets, up from $98.624 million in 2024, showcasing the company's robust capital management and profitability performance.
- Net Income Growth: In Q4 2025, First US Bancshares reported net income of $2.1 million, or $0.36 per diluted share, reflecting a 10% increase from Q3 2025 and a 24% increase from Q4 2024, indicating sustained profitability improvement.
- Loan Portfolio Quality Improvement: Although total loans decreased by $14.5 million in Q4 2025, the overall loan balance increased by $30 million for the year due to significant growth in the consumer indirect category, demonstrating effective credit management.
- Deposit Growth: Total deposits rose by $25.5 million in Q4 2025, primarily driven by increases in interest-bearing demand deposits and certificates of deposit, showcasing the company's competitiveness in attracting deposits.
- Increase in Shareholder Equity: As of December 31, 2025, shareholder equity reached $105.648 million, or 9.15% of total assets, an increase from 2024, reflecting the company's robust performance in earnings and capital management.
Share Repurchase Program Expansion: First US Bancshares, Inc. has expanded its share repurchase program, authorizing an additional 1,000,000 shares for repurchase and extending the program's expiration to December 31, 2026.
Current Repurchase Status: The company has repurchased 1,389,972 shares to date, with 852,813 shares remaining available for repurchase under the program.
Regulatory Compliance: Share repurchases may occur through various methods, including open market transactions, and must comply with applicable regulatory requirements.
Forward-Looking Statements: The press release includes forward-looking statements that involve risks and uncertainties, which could affect the company's future performance and financial condition.
Dividend Announcement: First US Bancshares, Inc. declared a cash dividend of $0.07 per share, payable on January 2, 2026, to shareholders of record by December 12, 2025, marking the forty-sixth consecutive quarter of dividends.
Company Overview: First US Bancshares, Inc. operates banking offices in Alabama, Tennessee, and Virginia through First US Bank and is publicly traded on the Nasdaq under the symbol "FUSB."
Forward-Looking Statements: The press release includes forward-looking statements that involve risks and uncertainties, with management not obligated to update these statements except as required by law.
Dividend Policy Considerations: The payment of dividends is at the discretion of the Board of Directors and may change based on the Company's financial conditions, earnings, and other relevant factors.







