FUSB

EX-99.1

2 fusb-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

First US Bancshares, Inc. Reports Second Quarter 2026 Results

BIRMINGHAM, AL (July 29, 2026)

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 $0.31 per diluted share, for the quarter ended June 30, 2026 (“2Q2026”), compared to $1.9 million, or $0.33 per diluted share, for the quarter ended March 31, 2026 (“1Q2026”) and $0.2 million, or $0.03 per diluted share, for the quarter ended June 30, 2025 (“2Q2025”). For the six months ended June 30, 2026, net income totaled $3.7 million, or $0.64 per diluted share, compared to $1.9 million, or $0.32 per diluted share, for the six months ended June 30, 2025. The increase in earnings in both 2Q2026 and the six months ended June 30, 2026, compared to the corresponding periods of 2025, resulted primarily from a decrease in the provision for credit losses on loans and leases.

The table below summarizes selected financial data for each of the periods presented.

Quarter Ended

Six Months Ended

2026

2025

2026

2025

June 30,

March 31,

December 31,

September 30,

June 30,

June 30,

June 30,

Results of Operations: (Dollars in Thousands)

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

Interest income

$

14,657

$

14,940

$

15,262

$

15,281

$

14,854

$

29,597

$

28,872

Interest expense

5,157

5,725

5,839

5,619

5,378

10,882

10,499

Net interest income

9,500

9,215

9,423

9,662

9,476

18,715

18,373

Provision for credit losses

939

254

220

566

2,717

1,193

3,245

Net interest income after provision for credit losses

8,561

8,961

9,203

9,096

6,759

17,522

15,128

Non-interest income

1,318

840

995

860

849

2,158

1,724

Non-interest expense

7,643

7,341

7,271

7,437

7,444

14,984

14,362

Income before income taxes

2,236

2,460

2,927

2,519

164

4,696

2,490

Provision for income taxes

483

515

798

583

9

998

563

Net income

$

1,753

$

1,945

$

2,129

$

1,936

$

155

$

3,698

$

1,927

Per Share Data:

Basic net income per share

$

0.31

$

0.34

$

0.37

$

0.33

$

0.03

$

0.65

$

0.33

Diluted net income per share

$

0.31

$

0.33

$

0.36

$

0.32

$

0.03

$

0.64

$

0.32

Dividends declared

$

0.07

$

0.07

$

0.07

$

0.07

$

0.07

$

0.14

$

0.14

Key Measures (Period End):

Total assets

$

1,147,619

$

1,165,236

$

1,154,785

$

1,147,175

$

1,143,379

Tangible assets (1)

1,140,184

1,157,801

1,147,350

1,139,740

1,135,932

Total loans

860,635

843,697

853,018

867,520

871,431

Allowance for credit losses ("ACL") on loans and leases

10,882

10,536

10,704

10,700

11,388

Investment securities, net

165,959

181,545

168,540

164,493

157,137

Total deposits

997,956

1,038,849

1,027,962

1,002,472

986,846

Short-term borrowings

25,000

—

—

20,000

35,000

Long-term borrowings

10,982

10,963

10,945

10,927

10,909

Total shareholders’ equity

104,285

104,634

105,648

104,238

101,892

Tangible common equity (1)

96,850

97,199

98,213

96,803

94,445

Book value per common share

18.88

18.67

18.53

18.08

17.70

Tangible book value per common share (1)

17.54

17.34

17.23

16.79

16.41

Common shares outstanding

5,523,209

5,604,123

5,699,696

5,765,137

5,755,064

Key Ratios:

Return on average assets (annualized)

0.62

%

0.67

%

0.74

%

0.68

%

0.06

%

0.65

%

0.35

%

Return on average common equity (annualized)

6.73

%

7.46

%

8.04

%

7.48

%

0.61

%

7.09

%

3.86

%

Return on average tangible common equity (annualized) (1)

7.24

%

8.02

%

8.65

%

8.06

%

0.66

%

7.63

%

4.17

%

Pre-tax pre-provision net revenue to average assets (annualized) (1)

1.12

%

0.94

%

1.09

%

1.08

%

1.03

%

1.03

%

1.05

%

Net interest margin

3.56

%

3.37

%

3.46

%

3.60

%

3.59

%

3.46

%

3.56

%

Efficiency ratio (2)

70.7

%

73.0

%

69.8

%

70.7

%

72.1

%

71.8

%

71.5

%

Total loans to deposits

86.2

%

81.2

%

83.0

%

86.5

%

88.3

%

Total loans to assets

75.0

%

72.4

%

73.9

%

75.6

%

76.2

%

Common equity to total assets

9.09

%

8.98

%

9.15

%

9.09

%

8.91

%

Tangible common equity to tangible assets (1)

8.49

%

8.40

%

8.56

%

8.49

%

8.31

%

Tier 1 leverage ratio (3)

9.16

%

8.85

%

9.03

%

9.19

%

9.23

%

ACL on loans and leases as % of total loans

1.26

%

1.25

%

1.25

%

1.23

%

1.31

%

Nonperforming assets as % of total assets

0.17

%

0.16

%

0.14

%

0.19

%

0.33

%

Net charge-offs as a percentage of average loans (annualized)

0.30

%

0.23

%

0.08

%

0.61

%

0.79

%

0.27

%

0.47

%

(1) Refer to the Non-GAAP Financial Measures section for a reconciliation of this non-GAAP measure to a GAAP-amount.

(2) Efficiency ratio = non-interest expense / (net interest income + non-interest income)

(3)  First US Bank Tier 1 leverage ratio

First US Bancshares, Inc. Reports Second Quarter 2026 Res

EX-99.1

2 fusb-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

First US Bancshares, Inc. Reports First Quarter 2026 Results

BIRMINGHAM, AL (April 29, 2026)

First US Bancshares, Inc. (Nasdaq: FUSB) (the “Company”), the parent company of First US Bank (the “Bank”), today reported net income of $1.9 million, or $0.33 per diluted share, for the quarter ended March 31, 2026 (“1Q2026”), compared to $2.1 million, or $0.36 per diluted share, for the quarter ended December 31, 2025 (“4Q2025”) and $1.8 million, or $0.29 per diluted share, for the quarter ended March 31, 2025 (“1Q2025”).

The table below summarizes selected financial data for each of the periods presented.

Quarter Ended

2026

2025

March 31,

December 31,

September 30,

June 30,

March 31,

Results of Operations: (Dollars in Thousands)

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

Interest income

$

14,940

$

15,262

$

15,281

$

14,854

$

14,018

Interest expense

5,725

5,839

5,619

5,378

5,121

Net interest income

9,215

9,423

9,662

9,476

8,897

Provision for credit losses

254

220

566

2,717

528

Net interest income after provision for credit losses

8,961

9,203

9,096

6,759

8,369

Non-interest income

840

995

860

849

875

Non-interest expense

7,341

7,271

7,437

7,444

6,918

Income before income taxes

2,460

2,927

2,519

164

2,326

Provision for income taxes

515

798

583

9

554

Net income

$

1,945

$

2,129

$

1,936

$

155

$

1,772

Per Share Data:

Basic net income per share

$

0.34

$

0.37

$

0.33

$

0.03

$

0.30

Diluted net income per share

$

0.33

$

0.36

$

0.32

$

0.03

$

0.29

Dividends declared

$

0.07

$

0.07

$

0.07

$

0.07

$

0.07

Key Measures (Period End):

Total assets

$

1,165,236

$

1,154,785

$

1,147,175

$

1,143,379

$

1,126,967

Tangible assets (1)

1,157,801

1,147,350

1,139,740

1,135,932

1,119,502

Total loans

843,697

853,018

867,520

871,431

848,335

Allowance for credit losses ("ACL") on loans and leases

10,536

10,704

10,700

11,388

10,405

Investment securities, net

181,545

168,540

164,493

157,137

161,946

Total deposits

1,038,849

1,027,962

1,002,472

986,846

961,952

Short-term borrowings

—

—

20,000

35,000

45,000

Long-term borrowings

10,963

10,945

10,927

10,909

10,890

Total shareholders’ equity

104,634

105,648

104,238

101,892

101,231

Tangible common equity (1)

97,199

98,213

96,803

94,445

93,766

Book value per common share

18.67

18.53

18.08

17.70

17.64

Tangible book value per common share (1)

17.34

17.23

16.79

16.41

16.34

Common shares outstanding

5,604,123

5,699,696

5,765,137

5,755,064

5,739,286

Key Ratios:

Return on average assets (annualized)

0.67

%

0.74

%

0.68

%

0.06

%

0.66

%

Return on average common equity (annualized)

7.46

%

8.04

%

7.48

%

0.61

%

7.21

%

Return on average tangible common equity (annualized) (1)

8.02

%

8.65

%

8.06

%

0.66

%

7.79

%

Pre-tax pre-provision net revenue to average assets (annualized) (1)

0.94

%

1.09

%

1.08

%

1.03

%

1.06

%

Net interest margin

3.37

%

3.46

%

3.60

%

3.59

%

3.53

%

Efficiency ratio (2)

73.0

%

69.8

%

70.7

%

72.1

%

70.8

%

Total loans to deposits

81.2

%

83.0

%

86.5

%

88.3

%

88.2

%

Total loans to assets

72.4

%

73.9

%

75.6

%

76.2

%

75.3

%

Common equity to total assets

8.98

%

9.15

%

9.09

%

8.91

%

8.98

%

Tangible common equity to tangible assets (1)

8.40

%

8.56

%

8.49

%

8.31

%

8.38

%

Tier 1 leverage ratio (3)

8.85

%

9.03

%

9.19

%

9.23

%

9.55

%

ACL on loans and leases as % of total loans

1.25

%

1.25

%

1.23

%

1.31

%

1.23

%

Nonperforming assets as % of total assets

0.16

%

0.14

%

0.19

%

0.33

%

0.44

%

Net charge-offs as a percentage of average loans (annualized)

0.23

%

0.08

%

0.61

%

0.79

%

0.13

%

(1) Refer to the non-GAAP reconciliations beginning on page 8.

(2) Efficiency ratio = non-interest expense / (net interest income + non-interest income)

(3)  First US Bank Tier 1 leverage ratio

First US Bancshares, Inc. Reports First Quarter 2026 Results

April 29, 2026

CEO Commentary

“We are pleased to report a solid start to the year,” stated James F. House, President and CEO of the Company. “First quarter 2026 diluted earnings per share improved by 13.8% compared to the same quarter of 2025. Although we saw a modest decline in total loan volume during the quarter, some of which was seasonal, we experienced growth in our core deposit franchise,” continued Mr. House. “While the year is certainly off to a volatile start from a geopolitical and economic standpoint, we continue to believe that the Company’s balance sheet is well positioned to thrive in multiple scenarios.”

Financial Results

Loans and Leases – The table below summarizes loan balances by portfolio category as of the end of each of the most recent five quarters.

Quarter Ended

2026

2025

March 31,

December 31,

September 30,

June 30,

March

8-K

false000071780600007178062026-01-282026-01-28

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): January 28, 2026

First US Bancshares, Inc.

(Exact Name of Registrant as Specified in Charter)

Delaware

000-14549

63-0843362

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

3291 U.S. Highway 280 Birmingham, Alabama 35243 (Address of Principal Executive Offices, including Zip Code) Registrant’s telephone number, including area code: (205) 582-1200 N/A (Former Name or Former Address, if Changed Since Last Report) Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $0.01 par value

FUSB

The Nasdaq Stock Market LLC

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§230.405 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02

Results of Operations and Financial Condition.

On January 28, 2026, First US Bancshares, Inc. issued a press release announcing financial results for the quarter ended December 31, 2025. The press release is attached as Exhibit 99.1 to this Form 8-K and is furnished to, but not filed with, the Commission.

Item 9.01

Financial Statements and Exhibits.

(d)

Exhibits.

Exhibit Number

Exhibit

99.1

Press Release dated January 28, 2026

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: January 28, 2026

FIRST US BANCSHARES, INC.

By:

/s/ Thomas S. Elley

Name:

Thomas S. Elley

Senior Executive Vice President, Treasurer and Assistant Secretary, Chief Financial Officer