secwatch.observer — SEC 8-K summary
======================================

Issuer:     FIRST US BANCSHARES, INC. (FUSB)
CIK:        0000717806
Form:       8-K
Filed at:   2024-01-25T23:59:59+00:00
Accession:  0000950170-24-007429
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First US Bancshares Q4 EPS $0.36; FY2023 diluted EPS up 25.5% YoY to $1.33
--------------------------------------------------------------------------

- Q4 net income $2.3M ($0.36 diluted EPS) vs $2.1M ($0.33) in Q3 and $2.2M ($0.35) in Q4 2022.
- FY2023 net income $8.5M ($1.33 EPS) up from $6.9M ($1.06 EPS) in FY2022; EPS growth of 25.5%.
- Net interest margin compressed to 3.67% in Q4 from 3.79% in Q3 and 4.27% in Q4 2022.
- Total loans grew 6.2% YoY to $821.8M; deposits rose to $950.2M; ALC dissolved in December 2023.
- Declared $0.05 per share cash dividend; repurchased 137,500 shares at $10.34 each in Q4.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/717806/000095017024007429/0000950170-24-007429-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/717806/000095017024007429/fusb-20240124.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-007429

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