First US Bancshares Reports Q2 2026 Earnings
First US Bancshares, Inc., parent company of First US Bank, reported second-quarter net income of $1.8 million for the quarter ended June 30, 2026 (Q2 2026), down slightly from Q1 2026 but up significantly compared to Q2 2025. The year-over-year improvement was driven by a reduction in credit loss provisions on loans and leases. For the six months ended June 30, 2026, net income totaled $3.7 million or $0.64 per diluted share, more than doubling from the same period in 2025. The company also reported strong performance metrics including a return on average assets of 0.62% and an efficiency ratio of 70.7%. Total loans increased to $860.6 million while total deposits stood at $997.9 million. The results reflect improved risk management, with the allowance for credit losses as a percentage of total loans remaining stable around 1.25%.
Topics: Banking Financial Performance