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Stock impact report

First US Bancshares, Inc. Reports Fourth Quarter and Full Year 2019 Results

First US Bancshares, Inc. (FUSB) 
US:NASDAQ Investor Relations: firstusbank.com/investors
Company Research Source: GlobeNewswire
BIRMINGHAM, Ala., Jan. 27, 2020 (GLOBE NEWSWIRE) -- First US Bancshares, Inc. (Nasdaq: FUSB) (the “Company”), the parent company of First US Bank (the “Bank”), today reported fourth quarter 2019 net income of $1.2 million, compared to $1.1 million in the previous quarter and $1.5 million in the fourth quarter of 2018. Diluted net income per share was $0.18 in the fourth quarter of 2019, compared to $0.16 in the third quarter of 2019 and $0.22 in the fourth quarter of 2018. For the year ended December 31, 2019, the Company’s net income totaled $4.6 million, or $0.67 per diluted share, compared to $2.5 million, or $0.37 per diluted share, for the year ended December 31, 2018. Additionally, net loans as of December 31, 2019 totaled $545.2 million, compared to $514.9 million as of December 31, 2018, an increase of $30.3 million, or 5.9%. This loan growth included $24.1 million attributable to the Bank’s commercial lending efforts, along with $6.1 million in growth at the Bank’s wholly- Show less Read more
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