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Stock impact report

First US Bancshares, Inc. Reports First Quarter 2023 Diluted EPS Growth of 65% Over First Quarter 2022

First US Bancshares, Inc. (FUSB) 
US:NASDAQ Investor Relations: firstusbank.com/investors
Company Research Source: PR Newswire
BIRMINGHAM, Ala., April 26, 2023 /PRNewswire/ -- First Quarter Highlights:Net IncomeDiluted Earnings per shareReturn on average assets(annualized)Return on average common equity (annualized)Return on average tangible common equity (annualized) (1)Loans to deposits$2.1million$0.330.85 %10.02 %11.05 %86.4 % First US Bancshares, Inc. (Nasdaq: FUSB) (the "Company"), the parent company of First US Bank (the "Bank"), today reported net income of $2.1 million, or $0.33 per diluted share, for the quarter ended March 31, 2023 ("1Q2023"), compared to $2.2 million, or $0.35 per diluted share, for the quarter ended December 31, 2022 ("4Q2022") and $1.4 million, or $0.20 per diluted share, for the quarter ended March 31, 2022 ("1Q2022"). Compared to 4Q2022, diluted earnings per share decreased by 5.7% due primarily to increased interest expense on deposits, combined with two less earning days in the quarter.  Compared to 1Q2022, diluted earnings per share increased by 65.0% due to increased net in Show less Read more
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