FUSB earnings analysis
What we found in FUSB's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
First US Bancshares, Inc. reported Q1 2026 earnings of $10.05 million in revenue and EPS of $0.33, a marked year-over-year improvement but slightly below prior estimates. The company recognized net income growth against last year, driven by higher interest income, while facing challenges in managing operating expenses and a decline in total loans over the quarter.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Improvement Year-Over-Year
- Revenue for Q1 2026 was $10.05 million, reflecting a growth from $9.5 million in Q1 2025.
- EPS Matches Estimates
- Diluted EPS came in at $0.33, matching consensus estimates and up from $0.29 in Q1 2025.
- Stable Non-Interest Income
- Non-interest income remained stable at $0.8 million, compared to $0.9 million in Q1 2025.
- Decrease in Provision for Credit Losses
- Provision for credit losses declined to $0.3 million from $0.5 million a year ago.
- Increase in Total Assets
- Total assets grew to $1,165.2 million from $1,154.8 million as of December 31, 2025.
- Increase in Deposits
- Total deposits rose by $10.9 million, or 1.1%, to $1,038.8 million during the quarter.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Declining Net Loan Portfolio
- Total loans decreased by $9.3 million, or 1.1%, to $843.7 million from $853.0 million as of December 31, 2025.
- Increase in Non-Interest Expense
- Non-interest expense increased to $7.3 million, up 6.1% from $6.9 million in the same quarter last year.
- Growing Unrealized Losses
- Unrealized losses in the available-for-sale portfolio increased to $2.1 million from $1.0 million due to rising interest rates.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.33
What they said about what is next.
Management has not provided quantitative forward guidance in this 10-Q filing.
The filing reads about the same as the one before it.
What came before.
- 10-K · March 12, 2026
- First US Bancshares reports modest revenue growth driven by higher deposits and loan growth, with 2025 net interest income of $37,458 (thousands) and net income of $5,992 (thousands) that produced diluted EPS of $1.00.…
- 10-Q · November 6, 2025
- First US Bancshares reported third-quarter 2025 revenue of $10,522,000 and diluted EPS of $0.32. Loan balances and deposits grew quarter-to-date, while net income declined versus the prior-year quarter as provisions for…
- 10-Q · August 7, 2025
- First US Bancshares reported Q2 2025 net income of $155,000 and diluted EPS of $0.03 on total revenue of $10,325,000. Revenue was modestly higher than the prior-year quarter, but operating profitability contracted…
- 10-Q · August 9, 2024
- First US Bancshares reported total quarter revenue of $10,011,000 (net interest income $9,176,000 + non-interest income $835,000) and net income of $2,127,000, producing diluted EPS of $0.34. Net interest income was…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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