First US Bancshares 2Q FY26 net income drops 9.87% to $1.8 million - FUSB News | RalliesFirst US Bancshares 2Q FY26 net income drops 9.87% to $1.8 million
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FUSB• Second-quarter results
- First US Bancshares posted 2Q net income of $1.8 million, or $0.31 per diluted share, down 9.9% from 1Q.
- Profit swung from $0.2 million, or $0.03 per diluted share, a year earlier; 1H net income rose to $3.7 million.
- Net interest margin widened to 3.56% from 3.37% in 1Q, as the bank managed deposit costs lower.
- Total loans climbed 2% to $860.6 million, while deposits fell 3.9% to $998 million as $20.1 million of brokered time deposits rolled off.
- CEO James F. House cited solid loan growth in construction and indirect consumer lending, alongside “meaningful” deposit-cost declines.
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