First US Bancshares, Inc. operates as the bank holding company for First US Bank that provides commercial banking products and services. It accepts deposit products, such as non-interest-bearing demand deposits, savings accounts, NOW accounts, money market demand accounts, individual retirement accounts, and time deposits. The company's loan products include loans for the development of residential housing projects, development of commercial and industrial use property, and purchase and improvement of raw land; mortgage loans on one-to-four family residential properties and secured by apartment buildings; home equity loans and lines of credit; real estate loans secured by commercial and industrial properties, office or mixed-use facilities, strip shopping centers, or other commercial property; loans for agricultural production; commercial and industrial loans and leases; and automobile, household and personal, and other direct consumer installment loans. It also provides letters of credit; and safe deposit box and remote deposit capture, as well as reinsures or underwrites credit life, and credit accident and health insurance policies. The company serves small-and medium-sized businesses, property managers, business executives, professionals, and other individuals. As of December 31, 2020, it operated 19 banking offices located in Birmingham, Bucksville, Butler, Calera, Centreville, Columbiana, Gilbertown, Grove Hill, Harpersville, Jackson, Thomasville, Tuscaloosa, and Woodstock, Alabama; Knoxville and Powell, Tennessee; and Rose Hill and Ewing, Virginia, as well as loan production offices in Mobile, Alabama and the Chattanooga, Tennessee. The company was formerly known as United Security Bancshares, Inc. and changed its name to First US Bancshares, Inc. in October 2016. First US Bancshares, Inc. was founded in 1952 and is headquartered in Birmingham, Alabama.
IPO Year:
Exchange: NASDAQ
Website: firstusbank.com
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BIRMINGHAM, Ala., May 21, 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 July 1, 2025, to shareholders of record at the close of business on June 13, 2025. "We are pleased to announce a dividend for the forty-fourth 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, In
BIRMINGHAM, Ala., April 30, 2025 /PRNewswire/ -- First Quarter Highlights: Period Net Income Diluted Earningsper share Return on average assets(annualized) Return on average commonequity (annualized) Return on average tangiblecommon equity (annualized) (1) 1Q2025 $1.8 million $0.29 0.66 % 7.21 % 7.79 % First US Bancshares, Inc. (NASDAQ:FUSB) (the "Company"), the parent company of First US Bank (the "Bank"), today reported net income of $1.8 million, or $0.29 per diluted share, for the quarter ended March 31, 2025 ("1Q2025"), compared to $1.7 million, or $0.29 per diluted share, for the quarter ended December 31, 2024 ("4Q2024") and $2.1 million, or $0.34 per diluted share, for the quarter e
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,
BIRMINGHAM, Ala., Jan. 27, 2025 /PRNewswire/ -- Fourth Quarter and Full-Year Highlights: Period Net Income Diluted Earnings per share Return on average assets (annualized) Return on average commonequity (annualized) Return on average tangiblecommon equity (annualized) (1) 4Q2024 $1.7 million $0.29 0.63 % 6.92 % 7.49 % Full-Year 2024 $8.2 million $1.33 0.76 % 8.62 % 9.37 % First US Bancshares, Inc. (NASDAQ:FUSB) (the "Company"), the parent company of First US Bank (the "Bank"), today reported net income of $1.7 million, or $0.29 per diluted share, for the quarter ended December 31, 2024 ("4Q2024"), compared to $2.2 million, or $0.36 per diluted share, for the quarter ended September 30, 20
BIRMINGHAM, Ala., Nov. 20, 2024 /PRNewswire/ -- First US Bancshares, Inc. (the "Company") (NASDAQ:FUSB) announced today that the Company's Board of Directors has elected Staci M. Pierce, J. D. and Tracy E. Thompson as directors of the Company and its subsidiary, First US Bank (the "Bank"), effective immediately. Ms. Pierce will serve on the Compensation Committee of the Board of Directors of the Company and the Directors' Loan Committee of the Board of Directors of the Bank (the "Bank Board"). Mr. Thompson will serve on the Directors' Loan Committee and the newly-created Tennessee New Business Committee of the Bank Board. Ms. Pierce graduated Summa Cum Laude from Birmingham Southern Colle
BIRMINGHAM, Ala., Nov. 20, 2024 /PRNewswire/ -- First US Bancshares, Inc. (NASDAQ:FUSB) (the "Company"), a Delaware corporation based in Birmingham, Alabama, announced today that its Board of Directors has expanded the Company's existing share repurchase program. The Company has repurchased 1,289,972 shares of its common stock to date under the repurchase program, and 352,813 shares remain available for repurchase. The Board of Directors has authorized the Company to repurchase an additional 600,000 shares under the repurchase program and extended the expiration of the repurchase program from December 31, 2024, to December 31, 2025. The share repurchase program was originally approved by
Announces 40% Increase to $0.07 per Share BIRMINGHAM, Ala., Nov. 20, 2024 /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 January 2, 2025, to shareholders of record at the close of business on December 13, 2024. The $0.07 per share dividend represents a 40% increase from $0.05 per share declared each quarter since the fourth quarter of 2022, and it represents the forty-second consecutive quarter that the Company has paid a dividend. "We are pleased to announce an increased dividend that reflects the growth and stability of the Company's
BIRMINGHAM, Ala., Oct. 24, 2024 /PRNewswire/ -- Third Quarter Highlights: Net Income Diluted Earnings per share Return on average assets(annualized) Return on average commonequity (annualized) Return on average tangiblecommon equity (annualized)(1) Loans to deposits $2.2 million $0.36 0.82 % 9.21 % 9.99 % 81.9 % First US Bancshares, Inc. (NASDAQ:FUSB) (the "Company"), the parent company of First US Bank (the "Bank"), today reported net income of $2.2 million, or $0.36 per diluted share, for the quarter ended September 30, 2024 ("3Q2024"), compared to $2.1 million, or $0.34 per diluted share, for the quarter ended June 30, 2024 ("2Q2024") and $2.1 million, or $0.33 per diluted share, for the
BIRMINGHAM, Ala., Aug. 28, 2024 /PRNewswire/ -- First US Bancshares, Inc. (NASDAQ:FUSB) (the "Company") announced today that the Company's Board of Directors has declared a cash dividend of $0.05 per share. The dividend is payable on October 1, 2024, to shareholders of record at the close of business on September 13, 2024. "We are pleased to announce a dividend for the forty-first 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 Bancsh
BIRMINGHAM, Ala., July 24, 2024 /PRNewswire/ -- Second Quarter Highlights: Net Income Diluted Earnings per share Return on average assets(annualized) Return on average common equity (annualized) Return on average tangible common equity (annualized)(1) Loans to deposits $2.1 million $0.34 0.80 % 9.23 % 10.05 % 85.8 % First US Bancshares, Inc. (NASDAQ:FUSB) (the "Company"), the parent company of First US Bank (the "Bank"), today reported net income of $2.1 million, or $0.34 per diluted share, for the quarter ended June 30, 2024 ("2Q2024"), compared to $2.1 million, or $0.34 per diluted share, for the quarter ended March 31, 2024 ("1Q2024") and $2.0 million, or $0.31 per diluted share, for the
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BIRMINGHAM, Ala., May 21, 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 July 1, 2025, to shareholders of record at the close of business on June 13, 2025. "We are pleased to announce a dividend for the forty-fourth 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, In
BIRMINGHAM, Ala., April 30, 2025 /PRNewswire/ -- First Quarter Highlights: Period Net Income Diluted Earningsper share Return on average assets(annualized) Return on average commonequity (annualized) Return on average tangiblecommon equity (annualized) (1) 1Q2025 $1.8 million $0.29 0.66 % 7.21 % 7.79 % First US Bancshares, Inc. (NASDAQ:FUSB) (the "Company"), the parent company of First US Bank (the "Bank"), today reported net income of $1.8 million, or $0.29 per diluted share, for the quarter ended March 31, 2025 ("1Q2025"), compared to $1.7 million, or $0.29 per diluted share, for the quarter ended December 31, 2024 ("4Q2024") and $2.1 million, or $0.34 per diluted share, for the quarter e
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,
BIRMINGHAM, Ala., Jan. 27, 2025 /PRNewswire/ -- Fourth Quarter and Full-Year Highlights: Period Net Income Diluted Earnings per share Return on average assets (annualized) Return on average commonequity (annualized) Return on average tangiblecommon equity (annualized) (1) 4Q2024 $1.7 million $0.29 0.63 % 6.92 % 7.49 % Full-Year 2024 $8.2 million $1.33 0.76 % 8.62 % 9.37 % First US Bancshares, Inc. (NASDAQ:FUSB) (the "Company"), the parent company of First US Bank (the "Bank"), today reported net income of $1.7 million, or $0.29 per diluted share, for the quarter ended December 31, 2024 ("4Q2024"), compared to $2.2 million, or $0.36 per diluted share, for the quarter ended September 30, 20
BIRMINGHAM, Ala., Nov. 20, 2024 /PRNewswire/ -- First US Bancshares, Inc. (NASDAQ:FUSB) (the "Company"), a Delaware corporation based in Birmingham, Alabama, announced today that its Board of Directors has expanded the Company's existing share repurchase program. The Company has repurchased 1,289,972 shares of its common stock to date under the repurchase program, and 352,813 shares remain available for repurchase. The Board of Directors has authorized the Company to repurchase an additional 600,000 shares under the repurchase program and extended the expiration of the repurchase program from December 31, 2024, to December 31, 2025. The share repurchase program was originally approved by
Announces 40% Increase to $0.07 per Share BIRMINGHAM, Ala., Nov. 20, 2024 /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 January 2, 2025, to shareholders of record at the close of business on December 13, 2024. The $0.07 per share dividend represents a 40% increase from $0.05 per share declared each quarter since the fourth quarter of 2022, and it represents the forty-second consecutive quarter that the Company has paid a dividend. "We are pleased to announce an increased dividend that reflects the growth and stability of the Company's
BIRMINGHAM, Ala., Oct. 24, 2024 /PRNewswire/ -- Third Quarter Highlights: Net Income Diluted Earnings per share Return on average assets(annualized) Return on average commonequity (annualized) Return on average tangiblecommon equity (annualized)(1) Loans to deposits $2.2 million $0.36 0.82 % 9.21 % 9.99 % 81.9 % First US Bancshares, Inc. (NASDAQ:FUSB) (the "Company"), the parent company of First US Bank (the "Bank"), today reported net income of $2.2 million, or $0.36 per diluted share, for the quarter ended September 30, 2024 ("3Q2024"), compared to $2.1 million, or $0.34 per diluted share, for the quarter ended June 30, 2024 ("2Q2024") and $2.1 million, or $0.33 per diluted share, for the
BIRMINGHAM, Ala., Aug. 28, 2024 /PRNewswire/ -- First US Bancshares, Inc. (NASDAQ:FUSB) (the "Company") announced today that the Company's Board of Directors has declared a cash dividend of $0.05 per share. The dividend is payable on October 1, 2024, to shareholders of record at the close of business on September 13, 2024. "We are pleased to announce a dividend for the forty-first 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 Bancsh
BIRMINGHAM, Ala., July 24, 2024 /PRNewswire/ -- Second Quarter Highlights: Net Income Diluted Earnings per share Return on average assets(annualized) Return on average common equity (annualized) Return on average tangible common equity (annualized)(1) Loans to deposits $2.1 million $0.34 0.80 % 9.23 % 10.05 % 85.8 % First US Bancshares, Inc. (NASDAQ:FUSB) (the "Company"), the parent company of First US Bank (the "Bank"), today reported net income of $2.1 million, or $0.34 per diluted share, for the quarter ended June 30, 2024 ("2Q2024"), compared to $2.1 million, or $0.34 per diluted share, for the quarter ended March 31, 2024 ("1Q2024") and $2.0 million, or $0.31 per diluted share, for the
BIRMINGHAM, Ala., May 22, 2024 /PRNewswire/ -- First US Bancshares, Inc. (NASDAQ:FUSB) (the "Company") announced today that the Company's Board of Directors has declared a cash dividend of $0.05 per share. The dividend is payable on July 1, 2024, to shareholders of record at the close of business on June 7, 2024. "We are pleased to announce a dividend for the fortieth 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