secwatch.observer — SEC 8-K summary
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Issuer:     FIRST US BANCSHARES, INC. (FUSB)
CIK:        0000717806
Form:       8-K
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0000950170-24-086068
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/717806/000095017024086068/0000950170-24-086068-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/717806/000095017024086068/fusb-20240724.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-086068

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