First Us Bancshares, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
January 28, 2020 at 03:06 am IST
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First US Bancshares, Inc. announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced net interest income was USD 9.189 million compared to USD 9.644 million a year ago. Net income was USD 1.209 million compared to USD 1.477 million a year ago. Basic earnings per share was USD 0.19 compared to USD 0.23 a year ago. Diluted earnings per share was USD 0.18 compared to USD 0.22 a year ago. For the full year, net interest income was USD 36.942 million compared to USD 32.788 million a year ago. Net income was USD 4.566 million compared to USD 2.490 million a year ago. Basic earnings per share was USD 0.71 compared to USD 0.4 a year ago. Diluted earnings per share was USD 0.67 compared to USD 0.37 a year ago.
First US Bancshares, Inc. is a bank holding company. The Company operates one banking subsidiary, First US Bank, an Alabama banking corporation (the Bank). The Bank conducts a general commercial banking business and offers banking services, such as demand, savings, individual retirement account and time deposits, personal and commercial loans, safe deposit box services and remote deposit capture. The Bank provides a range of commercial banking services to small-and medium-sized businesses, property managers, business executives, professionals and other individuals. The Bank also performs indirect lending through third-party retailers and conducts this lending in 17 states, including Alabama, Arkansas, Florida, Georgia, Indiana, Kansas, Kentucky, and others. It operates and serves its customers through 15 full-service banking offices located in Birmingham, Butler, Calera, Centreville, and others. It also has loan production offices in Mobile, Alabama and the Chattanooga, Tennessee area.
FIRST US BANCSHARES, INC. 
