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Stock impact report

FIRST US BANCSHARES, INC. REPORTS 60.6% YEAR-OVER-YEAR DILUTED EPS GROWTH

First US Bancshares, Inc. (FUSB) 
US:NASDAQ Investor Relations: firstusbank.com/investors
Company Research Source: PR Newswire
Fourth Quarter and Full Year 2022 Results BIRMINGHAM, Ala., Jan. 25, 2023 /PRNewswire/ -- First US Bancshares, Inc. (Nasdaq: FUSB) (the "Company"), the parent company of First US Bank (the "Bank"), today reported net income of $2.2 million, or $0.35 per diluted share, for the quarter ended December 31, 2022 ("4Q2022"), compared to $1.9 million, or $0.29 per diluted share, for the quarter ended September 30, 2022 ("3Q2022") and $1.7 million, or $0.25 per diluted share, for the quarter ended December 31, 2021 ("4Q2021"). For the year ended December 31, 2022, the Company's net income totaled $6.9 million, or $1.06 per diluted share, compared to $4.5 million, or $0.66 per diluted share, for the year ended December 31, 2021, an increase of 60.6% in diluted earnings per share.Comparing 2022 to 2021, earnings improvement was driven primarily by reductions in non-interest expense following strategic initiatives that were initiated by the Company beginning in the third quarter of 2021. The str Show less Read more
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