Fourth Quarter and Full-Year Highlights

BIRMINGHAM, Ala. Jan. 27, 2025 /PRNewswire/ —

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 $0.29 per diluted share, for the quarter ended December 31, 2024 (“4Q2024”), compared to $2.2 million, or $0.36 per diluted share, for the quarter ended September 30, 2024 (“3Q2024”) and $2.3 million, or $0.36 per diluted share, for the quarter ended December 31, 2023 (“4Q2023”).

Fourth Quarter and Full-Year Details

In the fourth quarter of 2024, the company reported a net income of $1.7 million, which represents a decrease from the previous quarter but a steady performance compared to the same quarter in 2023. Diluted earnings per share were $0.29, reflecting the company’s earnings per outstanding share of common stock.

For the full year 2024, the company reported a net income of $8.2 million, with diluted earnings per share at $1.33. The return on average assets for the year was 0.76%, while the return on average common equity and tangible common equity were 8.62% and 9.37% respectively.

Impact on Individuals

As a customer or potential customer of First US Bank, the financial performance of the company may have an impact on the products and services offered to you. It is important to stay informed about the company’s financial health to make informed decisions about your banking needs.

Impact on the World

First US Bancshares, Inc.’s financial results can have wider implications for the banking industry and the economy as a whole. The performance of the company may reflect broader trends in the financial sector and influence market sentiment and investor confidence.

Conclusion

In conclusion, the Fourth Quarter and Full-Year Highlights of First US Bancshares, Inc. show a stable performance with some fluctuations in net income and earnings per share. It is essential for individuals and the broader economy to monitor the financial health of companies like First US Bank to understand their impact on various stakeholders.