First US Bancshares Q3 EPS rises, net interest margin improves
FUSB•First US Bancshares said third-quarter EPS was $0.36 and net interest income was $9.85 million, while net interest margin improved to 3.66%. The company repurchased 390,000 shares and provided no specific financial guidance for future quarters or the full year.
1. Quarterly results
First US Bancshares’ third-quarter net income and EPS rose modestly year over year. EPS was $0.36, net interest income was $9.85 million and net interest margin increased to 3.66%, supported by higher yields on loans and investment securities while deposit costs remained stable. The company repurchased 390,000 shares during the quarter.
2. Earnings drivers
Growth in indirect consumer loans partially offset declines in other loan categories. A lower provision for credit losses year over year also supported earnings; the prior-year period included higher provisioning for specific commercial loans. The company provided no specific financial guidance for future quarters or the full year.
