First Us Bancshares, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
January 29, 2021 at 03:02 am IST
Share
First US Bancshares, Inc. announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced net interest income was USD 9.292 million compared to USD 9.189 million a year ago. Net income was USD 1.045 million compared to USD 1.209 million a year ago. Basic earnings per share from continuing operations was USD 0.16 compared to USD 0.19 a year ago. Diluted earnings per share from continuing operations was USD 0.15 compared to USD 0.18 a year ago. For the full year, net interest income was USD 35.766 million compared to USD 36.942 million a year ago. Net income was USD 2.707 million compared to USD 4.566 million a year ago. Basic earnings per share from continuing operations was USD 0.43 compared to USD 0.71 a year ago. Diluted earnings per share from continuing operations was USD 0.4 compared to USD 0.67 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. 
