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First US Bancshares, Inc. Reports Solid Q2 2026 Financial Results

On July 29, 2026, First US Bancshares, Inc. announced its financial results for the second quarter of 2026, demonstrating remarkable resilience in the face of ongoing economic challenges. The company recorded a net income of $1.8 million, representing $0.31 per diluted share, slightly down from the $1.9 million, or $0.33 per share, reported in the previous quarter. However, this figure showcases a significant improvement compared to the $0.2 million reported in the same quarter of the previous year.

Highlights of Financial Performance

The first six months of 2026 saw net income totaling $3.7 million or $0.64 per diluted share, compared to $1.9 million or $0.32 per diluted share in the first half of 2025. This growth is primarily attributed to a decrease in the provision for credit losses associated with loans and leases.

Key Financial Metrics:
- Interest income for the quarter was reported at $14.657 million, only marginally down from $14.940 million in the previous quarter but higher than the $14.854 million from last year.
- The company's net interest income stands at $9.500 million, showing a slight increase from previous quarters.
- Total assets as of June 30, 2026, were recorded at $1,147,619, down from $1,165,236 the previous quarter, reflecting an astute management of operations amid fluctuating market conditions.

CEO Commentary

James F. House, President and CEO of First US Bancshares, expressed satisfaction with the results, stating, "We are pleased to report significantly improved year-over-year earnings, alongside solid loan growth and a quarter-over-quarter expansion of net interest margin. Despite the uncertain geopolitical and economic landscape, we are seeing resilience in our operating markets."

House emphasized robust loan growth particularly noticeable in the bank's construction and indirect consumer lending portfolios, along with an improvement in net interest margin as deposit costs were effectively managed downward.

Loan Portfolio Dynamics

As of this quarter, total loans increased by $16.9 million, or 2.0%, compared to the previous quarter, enhancing the overall performance metrics. Growth in the construction and consumer indirect loan categories contributed positively, though there were minor offsets noted in non-residential commercial real estate and multi-family categories due to project completions.

The company’s indirect lending platform, focused on higher-end consumer loans for recreational vehicles and other luxury items, demonstrated stability, as the average credit score in this segment was recorded at 785 during funding.

Non-Interest Income & Expenses

Non-interest income surged to $1.318 million this quarter, driven by gains from the sale of securities totaling $0.5 million. However, non-interest expenses also saw an increase to $7.643 million, partly due to inflation and the expansion of the Company’s banking center footprint.

Shareholder Returns

For shareholders, the company declared a consistent cash dividend of $0.07 per share during the quarter, reflecting its commitment to rewarding investors even amidst fluctuating operational performance metrics. Furthermore, share repurchases amounted to 91,000 shares during this quarter, underlining a strong commitment to returning value to shareholders. The total shares repurchased in the first half of 2026 reached 237,500 at an average price below $16 per share.

Economic Context and Future Outlook

Despite the challenges posed by fluctuating economic conditions and ongoing geopolitical tensions, First US Bancshares showcases a financially strong position bolstered by strategic management decisions. The bank has continued to maintain capital ratios above required levels, signaling a firm foundation for future growth and stability. As they continue to navigate this evolving economic landscape, their focus remains on delivering shareholder value and fostering sustainable growth.


For more information about First US Bancshares, Inc. and its subsidiaries, investors and interested parties can access the company’s filings and financial reports at www.firstusbank.com or through the SEC’s website.

In conclusion, First US Bancshares appears well-positioned for the future, supported by its ongoing strategic initiatives and robust performance indicators amidst a challenging landscape.

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This report is based on data presented by First US Bancshares, Inc. and reflects the company’s financial standing as of June 30, 2026.