First US Bancshares Q3 net income rises; nine-month EPS up 36.6% YoY

FIRST US BANCSHARES, INC.

2023-Q3 EPS reported $0.97 revenue$869,000

Net income $2.1M ($0.33 diluted EPS) in Q3 2023, up from $1.9M ($0.29) in Q3 2022.
Nine-month diluted EPS grew 36.6% YoY to $0.97 from $0.71.
Net interest margin fell to 3.79% from 3.88% in Q2 2023 due to faster rise in deposit costs.
Nonperforming assets rose to $3.0M (0.29% of assets) from $1.6M (0.15%) in Q2 2023.
Strategic: sold remaining ALC loans to Bank; ALC charge-offs dropped to 2.09% from 6.38% YoY.

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 1.0

FIRST US BANCSHARES, INC. reported the quarter ended September 30, 2023 results: net income $2.1 million, EPS $0.33 per diluted share.

Period: the quarter ended September 30, 2023
Net income: $2.1 million
EPS: $0.33 per diluted share
Result: reported results

Exact text from the filing

On October 25, 2023, First US Bancshares, Inc. issued a press release announcing financial results for the quarter ended September 30, 2023.

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FIRST US BANCSHARES, INC. filing history →

Source: SEC EDGAR

accession 0000950170-23-055203

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