---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-014856"
form_type: "8-K"
ticker: "FUSB"
cik: "0000717806"
company_name: "FIRST US BANCSHARES, INC."
filed_at: "2023-04-26T23:59:59+00:00"
generated_at: "2026-06-16T14:21:47.785147+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0000950170-23-014856
- form_type: 8-K
- ticker: FUSB
- cik: 0000717806
- company_name: FIRST US BANCSHARES, INC.
- filed_at: 2023-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/717806/000095017023014856/0000950170-23-014856-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/717806/000095017023014856/fusb-20230426.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-014856
- JSON: https://secwatch.observer/filing/0000950170-23-014856.json
- Plain text: https://secwatch.observer/filing/0000950170-23-014856.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/717806/000095017023014856/0000950170-23-014856-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.