reports
FIRST US BANCSHARES, INC. DECLARES CASH DIVIDEND
FIRST US BANCSHARES, INC. DECLARES CASH DIVIDEND BIRMINGHAM, AL , Aug. 24, 2022 (GLOBE NEWSWIRE) -- First US Bancshares, Inc. (Nasdaq: FUSB) (the “Company”) announced today that the Company’s Board of Directors has declared a cash dividend of $0.03 per share. The dividend is payable on October 3, 2022, to shareholders of record at the close of business on September 9, 2022. “We are pleased to announce a dividend for the thirty-third consecutive quarter,” stated James F. House, President and Chief Executive Officer of the Company. “We will continue to evaluate any future dividend payments...
FIRST US BANCSHARES, INC. DECLARES CASH DIVIDEND
FIRST US BANCSHARES, INC. DECLARES CASH DIVIDEND BIRMINGHAM, Ala., May 25, 2022 (GLOBE NEWSWIRE) -- First US Bancshares, Inc. (Nasdaq: FUSB) (the “Company”) announced today that the Company’s Board of Directors has declared a cash dividend of $0.03 per share. The dividend is payable on July 1, 2022, to shareholders of record at the close of business on June 10, 2022. “We are pleased to announce a dividend for the thirty-second consecutive quarter,” stated James F. House, President and Chief Executive Officer of the Company. “We will continue to evaluate any future dividend payments to ...
First US Bancshares, Inc. Reports First Quarter 2022 Results
First US Bancshares, Inc. Reports First Quarter 2022 Results Expense Reductions Lead to Earnings Growth of 43.3% Compared to First Quarter of 2021 BIRMINGHAM, Ala., April 27, 2022 (GLOBE NEWSWIRE) -- First US Bancshares, Inc. (Nasdaq: FUSB) (the “Company”), the parent company of First US Bank (the “Bank”), today reported net income of $1.4 million, or $0.20 per diluted share, for the quarter ended March 31, 2022 (“1Q2022”), compared to $1.0 million, or $0.14 per diluted share, for the quarter ended March 31, 2021 (“1Q2021”) and $1.7 million, or $0.25 per diluted share, for the quarter e...
FIRST US BANCSHARES, INC. DECLARES CASH DIVIDEND
FIRST US BANCSHARES, INC. DECLARES CASH DIVIDEND BIRMINGHAM, AL, Feb. 23, 2022 (GLOBE NEWSWIRE) -- First US Bancshares, Inc. (Nasdaq: FUSB) (the “Company”) announced today that the Company’s Board of Directors has declared a cash dividend of $0.03 per share. The dividend is payable on April 1, 2022, to shareholders of record at the close of business on March 10, 2022. “We are pleased to announce a dividend for the thirty-first consecutive quarter,” stated James F. House, President and Chief Executive Officer of the Company. “We will continue to evaluate any future dividend payments to e...
First US Bancshares, Inc. Reports Fourth Quarter and Full Year 2021 Re...
First US Bancshares, Inc. Reports Fourth Quarter and Full Year 2021 Results Reports Year-Over-Year Earnings Growth of 64.4% and Loan Growth of 11.1% (excluding PPP Loans) BIRMINGHAM, Ala., Jan. 27, 2022 (GLOBE NEWSWIRE) -- First US Bancshares, Inc. (Nasdaq: FUSB) (the “Company”), the parent company of First US Bank (the “Bank”), today reported net income of $1.7 million, or $0.25 per diluted share, for the quarter ended December 31, 2021 (“4Q2021”), compared to $0.8 million, or $0.13 per diluted share, for the quarter ended September 30, 2021 (“3Q2021”) and $1.0 million, or $0.15 per di...
FIRST US BANCSHARES, INC. DECLARES CASH DIVIDEND
FIRST US BANCSHARES, INC. DECLARES CASH DIVIDEND BIRMINGHAM, Ala., Nov. 17, 2021 (GLOBE NEWSWIRE) -- First US Bancshares, Inc. (Nasdaq: FUSB) (the “Company”) announced today that the Company’s Board of Directors has declared a cash dividend of $0.03 per share. The dividend is payable on January 4, 2022, to shareholders of record at the close of business on December 10, 2021. “We are pleased to announce a dividend for the thirtieth consecutive quarter,” stated James F. House, President and Chief Executive Officer of the Company. “We will continue to evaluate any future dividend payments t...
First US Bancshares, Inc. Reports Third Quarter 2021 Results
First US Bancshares, Inc. Reports Third Quarter 2021 Results Reports Year-Over-Year Earnings and Loan Growth and Advancement of Strategic Initiatives BIRMINGHAM, Ala., Oct. 27, 2021 (GLOBE NEWSWIRE) -- First US Bancshares, Inc. (Nasdaq: FUSB) (the “Company”), the parent company of First US Bank (the “Bank”), today reported net income of $837 thousand, or $0.13 per diluted share, for the quarter ended September 30, 2021 (“3Q2021”), compared to $953 thousand, or $0.14 per diluted share, for the quarter ended June 30, 2021 (“2Q2021”) and $411 thousand, or $0.06 per diluted share, for the q...
First US Bancshares, Inc. Announces Completion of Subordinated Notes P...
First US Bancshares, Inc. Announces Completion of Subordinated Notes Placement Birmingham, AL, Oct. 04, 2021 (GLOBE NEWSWIRE) -- – First US Bancshares, Inc. (Nasdaq: FUSB) (the “Company”), the parent company of First US Bank, announced today the completion of a private placement of $11.0 million in aggregate principal amount of fixed-to-floating rate subordinated notes due October 1, 2031 (the “Notes”). The Notes were sold to certain institutional accredited investors and qualified institutional buyers on October 1, 2021. The Notes are intended to qualify as Tier 2 capital of the Compan...
First US Bancshares, Inc. Announces Branch Closures at Acceptance Loan...
First US Bancshares, Inc. Announces Branch Closures at Acceptance Loan Company Subsidiary BIRMINGHAM, Ala., Sept. 03, 2021 (GLOBE NEWSWIRE) -- First US Bancshares, Inc. (Nasdaq: FUSB) (the “Company”), the parent company of First US Bank (the “Bank”), today announced that, effective immediately, the Bank’s wholly owned subsidiary, Acceptance Loan Company, Inc. (“ALC”), will cease new business development and permanently close its 20 branch lending locations in Alabama and Mississippi to the public. ALC will continue to service its remaining portfolio of loans from its headquarters in Mobil...
First US Bancshares, Inc. Declares Cash Dividend
First US Bancshares, Inc. Declares Cash Dividend BIRMINGHAM, Ala., Aug. 25, 2021 (GLOBE NEWSWIRE) -- First US Bancshares, Inc. (Nasdaq: FUSB) (the “Company”) announced today that the Company’s Board of Directors has declared a cash dividend of $0.03 per share. The dividend is payable on October 1, 2021, to shareholders of record at the close of business on September 10, 2021. “We are pleased to announce a dividend for the twenty-ninth consecutive quarter,” stated James F. House, President and Chief Executive Officer of the Company. “We will continue to evaluate any future dividend pay...
First US Bancshares, Inc. Reports Second Quarter 2021 Results
First US Bancshares, Inc. Reports Second Quarter 2021 Results Reports Continued Loan Growth Combined with Earnings and Asset Quality Improvement BIRMINGHAM, Ala., July 28, 2021 (GLOBE NEWSWIRE) -- First US Bancshares, Inc. (Nasdaq: FUSB) (the “Company”), the parent company of First US Bank (the “Bank”), today reported net income of $953,000, or $0.14 per diluted share, for the quarter ended June 30, 2021 (“2Q2021”), compared to $950,000, or $0.14 per diluted share, for the quarter ended March 31, 2021 (“1Q2021”) and $404,000, or $0.06 per diluted share, for the quarter ended June 30, 20...
FIRST US BANCSHARES, INC. ELECTS NEW DIRECTOR
FIRST US BANCSHARES, INC. ELECTS NEW DIRECTOR BIRMINGHAM, Ala., July 28, 2021 (GLOBE NEWSWIRE) -- First US Bancshares, Inc. (the “Company”) (Nasdaq: FUSB) announced today that the Company’s Board of Directors has elected Marlene M. McCain as a director of the Company and its subsidiary, First US Bank (the “Bank”), effective immediately. Ms. McCain will serve on the Audit Committee of the Board of Directors of the Company and on the Retail, Operations, and Compliance Committee of the Board of Directors of the Bank. Ms. McCain is a certified public accountant and holds a Bachelor of Scie...
FIRST US BANCSHARES, INC. DECLARES CASH DIVIDEND
FIRST US BANCSHARES, INC. DECLARES CASH DIVIDEND BIRMINGHAM, Ala., May 26, 2021 (GLOBE NEWSWIRE) -- First US Bancshares, Inc. (Nasdaq: FUSB) (the “Company”) announced today that the Company’s Board of Directors has declared a cash dividend of $0.03 per share. The dividend is payable on July 1, 2021 to shareholders of record at the close of business on June 11, 2021. “We are pleased to announce a dividend for the twenty-eighth consecutive quarter,” stated James F. House, President and Chief Executive Officer of the Company. “We will continue to evaluate any future dividend payments to en...
First US Bancshares, Inc. Reports First Quarter 2021 Results
First US Bancshares, Inc. Reports First Quarter 2021 Results BIRMINGHAM, Ala., April 28, 2021 (GLOBE NEWSWIRE) -- First US Bancshares, Inc. (Nasdaq: FUSB) (the “Company”), the parent company of First US Bank (the “Bank”), today reported net income of $950,000, or $0.14 per diluted share, for the quarter ended March 31, 2021 (“1Q2021”), compared to $847,000, or $0.13 per diluted share, for the quarter ended March 31, 2020 (“1Q2020”) and $1,045,000, or $0.15 per diluted share, for the quarter ended December 31, 2020 (“4Q2020”). Growth in total loans for the quarter was $20.4 million, or an...
First US Bancshares, Inc. Announces Expansion of Share Repurchase Prog...
First US Bancshares, Inc. Announces Expansion of Share Repurchase Program BIRMINGHAM, AL, April 28, 2021 (GLOBE NEWSWIRE) -- First US Bancshares, Inc. (Nasdaq: FUSB) (the “Company”), a Delaware corporation based in Birmingham, Alabama, announced today that its Board of Directors has expanded the Company’s existing share repurchase program. The Company has repurchased 587,824 shares of its common stock to date and 54,961 shares remain available for repurchase, and the Board of Directors authorized the Company to repurchase an additional 1,000,000 shares under the repurchase program. The Bo...
First US Bancshares, Inc. Declares Cash Dividend
First US Bancshares, Inc. Declares Cash Dividend BIRMINGHAM, Ala., Feb. 24, 2021 (GLOBE NEWSWIRE) -- First US Bancshares, Inc. (Nasdaq: FUSB) (the “Company”) announced today that the Company’s Board of Directors has declared a cash dividend of $0.03 per share. The dividend is payable on April 1, 2021 to shareholders of record at the close of business on March 12, 2021. “We are pleased to announce a dividend for the twenty-seventh consecutive quarter,” stated James F. House, President and Chief Executive Officer of the Company. “We will continue to evaluate any future dividend paymen...
First US Bancshares, Inc. Reports Fourth Quarter and Full Year 2020 Re...
First US Bancshares, Inc. Reports Fourth Quarter and Full Year 2020 Results Full Year Loan Growth of 17.1% and $634,000 Linked Quarter Increase in Net Income BIRMINGHAM, Ala., Jan. 28, 2021 (GLOBE NEWSWIRE) -- First US Bancshares, Inc. (Nasdaq: FUSB) (the “Company”), the parent company of First US Bank (the “Bank”), today reported net income of $1.0 million, or $0.15 per diluted share, for the quarter ended December 31, 2020 (“4Q2020”), compared to $0.4 million, or $0.06 per diluted share, for the quarter ended September 30, 2020 (“3Q2020”) and $1.2 million, or $0.18 per diluted share, ...
First US Bancshares, Inc. Announces Extension of Share Repurchase Prog...
First US Bancshares, Inc. Announces Extension of Share Repurchase Program BIRMINGHAM, Ala., Dec. 16, 2020 (GLOBE NEWSWIRE) -- First US Bancshares, Inc. (Nasdaq: FUSB) (the “Company”), a Delaware corporation based in Birmingham, Alabama, announced today that its Board of Directors has extended the Company’s existing share repurchase program, pursuant to which the Company is authorized to repurchase up to 642,785 shares of its common stock. The repurchase program, which was originally approved by the Company’s Board of Directors on January 19, 2006, has been extended to expire on December...
FIRST US BANCSHARES, INC. DECLARES CASH DIVIDEND
FIRST US BANCSHARES, INC. DECLARES CASH DIVIDEND ──────── BIRMINGHAM, Ala., Nov. 18, 2020 (GLOBE NEWSWIRE) -- First US Bancshares, Inc. (Nasdaq: FUSB) (the “Company”) announced today that the Company’s Board of Directors has declared a cash dividend of $0.03 per share. The dividend is payable on January 4, 2021 to shareholders of record at the close of business on December 11, 2020. “We are pleased to announce a dividend for the twenty-sixth consecutive quarter,” stated James F. House, President and Chief Executive Officer of the Company. “We will continue to evaluate any futur...
First US Bancshares, Inc. Announces Third Quarter 2020 Results
First US Bancshares, Inc. Announces Third Quarter 2020 Results BIRMINGHAM, Ala., Oct. 30, 2020 (GLOBE NEWSWIRE) -- First US Bancshares, Inc. (Nasdaq: FUSB) (the “Company”), the parent company of First US Bank (the “Bank”), today reported net income of $0.4 million, or $0.06 per diluted share, for the quarter ended September 30, 2020 (“3Q2020”), compared to $0.4 million, or $0.06 per diluted share, for the quarter ended June 30, 2020 (“2Q2020”) and $1.1 million, or $0.16 per diluted share, for the quarter ended September 30, 2019 (“3Q2019”). For the nine months ended September 30, 2020, th...
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