---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-055203"
form_type: "8-K"
ticker: "FUSB"
cik: "0000717806"
company_name: "FIRST US BANCSHARES, INC."
filed_at: "2023-10-25T23:59:59+00:00"
generated_at: "2026-06-09T12:13:32.761234+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-055203
- form_type: 8-K
- ticker: FUSB
- cik: 0000717806
- company_name: FIRST US BANCSHARES, INC.
- filed_at: 2023-10-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/717806/000095017023055203/0000950170-23-055203-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/717806/000095017023055203/fusb-20231025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-055203
- JSON: https://secwatch.observer/filing/0000950170-23-055203.json
- Plain text: https://secwatch.observer/filing/0000950170-23-055203.txt

## Key facts
- Earnings Releases
  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
  source text: On October 25, 2023, First US Bancshares, Inc. issued a press release announcing financial results for the quarter ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/717806/000095017023055203/0000950170-23-055203-index.htm

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