secwatch.observer — SEC 8-K summary
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Issuer:     FIRST US BANCSHARES, INC. (FUSB)
CIK:        0000717806
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0000950170-24-047607
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/717806/000095017024047607/0000950170-24-047607-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/717806/000095017024047607/fusb-20240424.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-047607

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