First US Bancshares, Inc. reported a net income of $5.99 million, or $1.00 per diluted share, for the fiscal year ending December 31, 2025, a decrease from the previous year's net income of $8.17 million, or $1.33 per diluted share. The company's total interest income rose to $59.42 million, up from $58.26 million in 2024, while interest expense decreased slightly to $21.96 million from $22.11 million. This resulted in a net interest income of $37.46 million, compared to $36.15 million in the prior year. The provision for credit losses increased significantly to $4.03 million from $0.62 million, reflecting heightened credit-related activity, particularly in commercial loan relationships.
In terms of operational metrics, total assets grew by 4.9% to $1.15 billion, driven by a 3.6% increase in total loans, which reached $853.02 million. The growth in loans was primarily attributed to a substantial rise in the consumer indirect lending segment. Total deposits also increased to $1.03 billion, up from $972.56 million, with notable growth in money market and savings deposits. The company’s allowance for credit losses stood at 1.25% of total loans, slightly up from 1.24% in 2024, indicating a cautious approach to potential credit risks.
Strategically, First US Bancshares continued to focus on enhancing its market presence through its banking subsidiary, First US Bank, which operates 15 full-service offices across Alabama, Tennessee, and Virginia. The company has also expanded its indirect lending operations to 17 states. In 2025, the company repurchased 128,000 shares of its common stock at an average price of $13.76 per share, as part of its ongoing share repurchase program, which has a remaining authorization of 1.78 million shares.
Looking ahead, First US Bancshares expressed optimism about its ability to navigate the current economic landscape, characterized by inflationary pressures and fluctuating interest rates. The company plans to continue leveraging its branch network and digital capabilities to drive growth while maintaining a strong focus on credit quality and operational efficiency. Management remains vigilant regarding market conditions and is prepared to adapt its strategies to ensure sustained profitability and shareholder value.
About FIRST US BANCSHARES, INC.
First US Bancshares, Inc. is a bank holding company operating First US Bank, a community-focused financial institution offering commercial banking services, including deposits, loans, and treasury services. Serving small to medium-sized businesses and individuals across multiple states, it emphasizes strong credit standards, digital banking, and strategic growth through organic expansion and acquisitions. The company operates in a heavily regulated environment, prioritizing safety, soundness, and community development.
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