secwatch.observer — SEC 8-K summary
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Issuer:     FIRST US BANCSHARES, INC. (FUSB)
CIK:        0000717806
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0000950170-23-014856
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/717806/000095017023014856/0000950170-23-014856-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/717806/000095017023014856/fusb-20230426.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-014856

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer