First US Bancshares Q2 net income $2.1M ($0.34 EPS); net interest margin expands for first time since 2022

FIRST US BANCSHARES, INC.

2024-Q2 EPS reported $0.68 revenue$597,000

Net income $2.1M ($0.34 diluted EPS) flat QoQ, up from $0.31 in Q2 2023; six-month EPS $0.68 vs $0.64.
Net interest margin expands 4 bps to 3.69% QoQ, first expansion since Q4 2022; NII $9.2M.
Total loans down $3.8M (-0.5%) in Q2; deposits up $11.2M (+1.2%); loan-to-deposit 85.8%.
No provision for credit losses in H1 2024; nonperforming assets 0.27% of total assets.
Declared $0.05 cash dividend; repurchased 77,000 shares at $10.60 avg; new TN banking center opened.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.