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-0.00786862812179269 -0.00786862812179269 -0.00786862812179269 -0.00786862812179269 -0.00102634279849461 -0.0023947998631543 -0.00102634279849461 0.000369483407458081
Stock impact report

First US Bancshares, Inc. Announces First Quarter 2020 Results

First US Bancshares, Inc. (FUSB) 
US:NASDAQ Investor Relations: firstusbank.com/investors
Company Research Source: GlobeNewswire
BIRMINGHAM, Ala., May 04, 2020 (GLOBE NEWSWIRE) -- First US Bancshares, Inc. (Nasdaq: FUSB) (the “Company”), the parent company of First US Bank (the “Bank”), today reported net income of $0.8 million, or $0.13 per diluted share, for the quarter ended March 31, 2020, compared to $1.2 million, or $0.18 per diluted share, for both of the quarters ended December 31, 2019 and March 31, 2019. “Our management team and employees are very focused right now on serving our customers during the global pandemic,” stated James F. House, President and CEO of the Company. “I am proud of their tireless efforts.  Due to the resiliency of our people, as well as the strength and stability of our balance sheet, I believe that we are well positioned to handle the challenges that we see ahead,” continued Mr. House. First Quarter 2020 Highlights Transfer of Indirect Loans – Effective January 1, 2020, the Company transferred a total of $45.5 million of its indirect loan portfolio from the Bank’s w Show less Read more
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