secwatch.observer — SEC 8-K summary
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Issuer:     FIRST US BANCSHARES, INC. (FUSB)
CIK:        0000717806
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0000950170-23-055203
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/717806/000095017023055203/0000950170-23-055203-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/717806/000095017023055203/fusb-20231025.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-055203

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