Core Insights - First US Bancshares, Inc. reported a net income of $2.1 million for 4Q2025, a 10% increase from $1.9 million in 3Q2025 and a 24% increase from $1.7 million in 4Q2024. For the full year 2025, net income totaled $6.0 million, down from $8.2 million in 2024 [1][5]. Financial Performance - Interest income for 4Q2025 was $15.262 million, slightly down from $15.281 million in 3Q2025 but up from $14.854 million in 4Q2024. Interest expense was $5.839 million, compared to $5.619 million in 3Q2025 and $5.672 million in 4Q2024 [3][10]. - Net interest income for 4Q2025 was $9.423 million, a decrease of 2.5% from $9.662 million in 3Q2025 but an increase of 7.7% from $8.748 million in 4Q2024. The net interest margin was 3.46% for 4Q2025, down from 3.60% in 3Q2025 but up from 3.41% in 4Q2024 [10][27]. Loan and Deposit Trends - Total loans decreased by $14.5 million in 4Q2025, with significant growth in multi-family residential and commercial & industrial categories offset by declines in commercial real estate and construction loans. However, total loans increased by $30.0 million, or 3.6%, for the year ended December 31, 2025 [8][9]. - Total deposits increased by $25.5 million, or 2.5%, in 4Q2025, primarily due to increases in interest-bearing demand deposits and certificates of deposit. Core deposits totaled $838.3 million, or 81.6% of total deposits, as of December 31, 2025 [9][18]. Asset Quality and Credit Losses - Nonperforming assets decreased to $1.6 million as of December 31, 2025, from $5.5 million a year earlier, representing 0.14% of total assets compared to 0.50% [15]. - The provision for credit losses was $0.2 million in 4Q2025, down from $0.6 million in 3Q2025 and $0.5 million in 4Q2024. For the full year, the provision totaled $4.0 million, significantly higher than $0.6 million in 2024 [11]. Shareholder Returns and Equity - The Company declared a cash dividend of $0.07 per share in 4Q2025, consistent with previous quarters, totaling $0.28 per share for the year, up from $0.22 in 2024 [19]. - Shareholders' equity increased to $105.6 million, or 9.15% of total assets, as of December 31, 2025, compared to $98.6 million, or 8.96% of total assets, a year earlier [18]. Regulatory and Capital Position - The Bank maintained capital ratios above the required levels for a "well-capitalized" institution, with a common equity Tier 1 capital ratio of 10.88% and a Tier 1 leverage ratio of 9.03% as of December 31, 2025 [21]. Growth Initiatives - The Company continued renovations on a banking center in Daphne, Alabama, expected to open in the first half of 2026, and opened a new automated banking facility in Mountain Brook, Alabama during 4Q2025 [23].

Core Viewpoint - First US Bancshares, Inc. reported a net income of $1.9 million for Q3 2025, showing a significant increase from $0.2 million in Q2 2025 but a decrease from $2.2 million in Q3 2024. For the nine months ended September 30, 2025, net income totaled $3.9 million, down from $6.5 million in the same period of 2024 [1][2]. Financial Performance - Net interest income for Q3 2025 was $9.66 million, a 2.0% increase from Q2 2025 and a 5.2% increase from Q3 2024. The net interest margin remained stable at 3.60% [7][21]. - The provision for credit losses was $0.6 million in Q3 2025, significantly lower than $2.7 million in Q2 2025 and $0.2 million in Q3 2024. For the nine months ended September 30, 2025, the total provision was $3.8 million, compared to $0.2 million in the same period of 2024 [8][9]. Asset Quality - Nonperforming assets decreased to $2.2 million as of September 30, 2025, down from $5.5 million at the end of 2024, representing 0.19% of total assets [11]. - Net charge-offs for Q3 2025 were $1.3 million, with a net charge-off rate of 0.61% of average loans, compared to 0.79% in Q2 2025 [11][12]. Deposits and Borrowings - Total deposits increased by $15.6 million, or 1.6%, during Q3 2025, with core deposits making up 83.6% of total deposits [10]. - Short-term borrowings stood at $20 million as of September 30, 2025, up from $10 million at the end of 2024, aimed at maintaining liquidity [10]. Shareholder Equity and Dividends - Shareholders' equity reached $104.2 million as of September 30, 2025, representing 9.09% of total assets, an increase from $98.6 million at the end of 2024 [12]. - The company declared a cash dividend of $0.07 per share in Q3 2025, consistent with the previous two quarters [12]. Growth and Expansion - The company is renovating a banking center in Daphne, Alabama, expected to open in the first half of 2026, and has opened a new automated banking facility in Mountain Brook, Alabama [16].