---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-047607"
form_type: "8-K"
ticker: "FUSB"
cik: "0000717806"
company_name: "FIRST US BANCSHARES, INC."
filed_at: "2024-04-24T23:59:59+00:00"
generated_at: "2026-06-03T10:21:22.968753+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# First US Bancshares Q1 net income $2.1M ($0.34 EPS); NIM compresses to 3.65%

## Summary
- Net income $2.1M vs $2.3M in Q4 2023; diluted EPS $0.34 vs $0.36.
- Net interest margin fell to 3.65% from 4.13% a year ago; interest expense rose to $5.2M.
- Total loans grew $1.2M to $822.9M; deposits decreased $6.9M to $943.3M.
- No provision for credit losses booked in Q1; nonperforming assets flat at $3.0M (0.28% of assets).
- Dividend maintained at $0.05/share; new banking centers planned in Knoxville, TN and Daphne, AL.

## SEC filing metadata
- accession: 0000950170-24-047607
- form_type: 8-K
- ticker: FUSB
- cik: 0000717806
- company_name: FIRST US BANCSHARES, INC.
- filed_at: 2024-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/717806/000095017024047607/0000950170-24-047607-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/717806/000095017024047607/fusb-20240424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-047607
- JSON: https://secwatch.observer/filing/0000950170-24-047607.json
- Plain text: https://secwatch.observer/filing/0000950170-24-047607.txt

## Key facts
- Earnings Releases
  FIRST US BANCSHARES, INC. reported the quarter ended March 31, 2024 results: net income $2.1 million, EPS $0.34 per diluted share.
  - Period: the quarter ended March 31, 2024
  - Net income: $2.1 million
  - EPS: $0.34 per diluted share
  - Result: reported results
  source text: On April 24, 2024, First US Bancshares, Inc. issued a press release announcing financial results for the quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/717806/000095017024047607/0000950170-24-047607-index.htm

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