First US Bancshares, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2018
January 28, 2019 at 10:30 pm
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First US Bancshares, Inc. announced earnings results for the fourth quarter ended December 31, 2018. For the fourth quarter, the company announced net interest income was USD 9.644 million compared to USD 7.283 million a year ago. Net income was USD 1.477 million compared to net loss of USD 1.866 million a year ago. Basic earnings per share was USD 0.23 compared to basic loss per share of USD 0.3 a year ago. Diluted earnings per share was USD 0.22 compared to diluted loss per share of USD 0.29 a year ago. For the full year, net interest income was USD 32.788 million compared to USD 28.394 million a year ago. Net income was USD 2.490 million compared to net loss of USD 411,000 a year ago. Basic earnings per share was USD 0.4 compared to basic loss per share of USD 0.07 a year ago. Diluted earnings per share was USD 0.37 compared to diluted loss per share of USD 0.06 a year ago.
First US Bancshares, Inc. is a bank holding company. The Company operates one banking subsidiary, First US Bank, an Alabama banking corporation (the Bank). The Bank conducts a general commercial banking business and offers banking services, such as demand, savings, individual retirement account and time deposits, personal and commercial loans, safe deposit box services and remote deposit capture. The Bank provides a range of commercial banking services to small-and medium-sized businesses, property managers, business executives, professionals and other individuals. The Bank also performs indirect lending through third-party retailers and conducts this lending in 17 states, including Alabama, Arkansas, Florida, Georgia, Indiana, Kansas, Kentucky, and others. It operates and serves its customers through 15 full-service banking offices located in Birmingham, Butler, Calera, Centreville, and others. It also has loan production offices in Mobile, Alabama and the Chattanooga, Tennessee area.
FIRST US BANCSHARES, INC. 
