First US Bancshares, Inc. Reports Second Quarter 2026 Results

First US Bancshares, Inc. reported net income of $1.8 million, or $0.31 per diluted share, for the second quarter of 2026. This compares to $1.9 million, or $0.33 per diluted share, in the first quarter of 2026 and $0.2 million, or $0.03 per diluted share, in the second quarter of 2025. For the first six months of 2026, net income was $3.7 million, or $0.64 per diluted share, up from $1.9 million, or $0.32 per diluted share, in the same period of 2025. The increase in earnings is attributed to a decrease in the provision for credit losses. The company experienced loan growth, particularly in construction and indirect consumer lending, and saw improved net interest margin. Deposits decreased by 3.9% in the second quarter, with a reduction in wholesale brokered time deposits and interest-bearing demand accounts, offset by an increase in noninterest-bearing demand deposits. The company opened a new banking center in Daphne, Alabama, and acquired a property in Orange Beach, Alabama, for a future banking center.