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Stock impact report

First US Bancshares, Inc. Reports First Quarter 2021 Results

First US Bancshares, Inc. (FUSB) 
US:NASDAQ Investor Relations: firstusbank.com/investors
Company Research Source: GlobeNewswire
BIRMINGHAM, Ala., April 28, 2021 (GLOBE NEWSWIRE) -- First US Bancshares, Inc. (Nasdaq: FUSB) (the “Company”), the parent company of First US Bank (the “Bank”), today reported net income of $950,000, or $0.14 per diluted share, for the quarter ended March 31, 2021 (“1Q2021”), compared to $847,000, or $0.13 per diluted share, for the quarter ended March 31, 2020 (“1Q2020”) and $1,045,000, or $0.15 per diluted share, for the quarter ended December 31, 2020 (“4Q2020”). Growth in total loans for the quarter was $20.4 million, or an increase of 3.1%, compared to December 31, 2020. Loan growth was most pronounced in the Bank’s commercial real estate and indirect lending portfolios. Total deposits increased by 4.6%, or $35.8 million, during the first quarter of 2021 from the previous quarter. “We are pleased that we were able to keep loan growth going at a strong pace during the first quarter,” stated James F. House, President and CEO of the Company. “Deposit growth continued to be robus Show less Read more
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