First US Bancshares Q1 2023 diluted EPS $0.33, up 65% YoY; net income $2.1M

FIRST US BANCSHARES, INC.

2023-Q1 EPS reported $0.33 revenue$285,000

Diluted EPS $0.33 vs $0.20 in Q1 2022 (+65%); net income $2.1M vs $1.4M.
Net interest margin 4.13% vs 4.27% in Q4 2022; net interest income $9.4M.
Adopted CECL on Jan 1, 2023; allowance for loan losses increased by $2.1M to $11.6M.
Total loans $775.9M (+0.3% QoQ); deposits $897.9M (+3.2% QoQ) with $35M brokered deposits.
Cash dividend $0.05 per share, unchanged from Q4 2022; tangible common equity ratio 7.50%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FIRST US BANCSHARES, INC. reported the quarter ended March 31, 2023 results: net income $2.1 million, EPS $0.33 per diluted share.

Period: the quarter ended March 31, 2023
Net income: $2.1 million
EPS: $0.33 per diluted share
Result: reported results

Exact text from the filing

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 $0.33 per diluted share, for the quarter ended March 31, 2023

View on SEC.gov

36 earnings releases filed in the last 30 days. Browse all earnings releases →

FIRST US BANCSHARES, INC. filing history →

Source: SEC EDGAR

accession 0000950170-23-014856

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.