FIRST US BANCSHARES, INC. FUSB
First US Bancshares, Inc., a Delaware corporation ("Bancshares" and, together with its subsidiary, the "Company"), is a bank holding company formed in 1983 registered under the Bank Holding Company Act of 1956, as amended (the "BHCA"). Bancshares operates one wholly-owned banking subsidiary, First US Bank, an Alabama banking corporation (the "Bank"). Bancshares and the Bank are headquartered in Birmingham, Alabama.
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 operates and serves its customers through 15 full-service banking offices located in Birmingham, Butler, Calera, Centreville, Gilbertown, Grove Hill, Harpersville, Jackson, Thomasville, Tuscaloosa and Woodstock, Alabama; Knoxville and Powell, Tennessee; and Rose Hill, Virginia; as well as loan production offices in Mobile, Alabama and the Chattanooga, Tennessee area. The Bank provides a wide 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 currently conducts this lending in 17 states, including Alabama, Arkansas, Florida, Georgia, Indiana, Iowa, Kansas, Kentucky, Mississippi, Missouri, Nebraska, North Carolina, Oklahoma, South Carolina, Tennessee, Texas and Virginia. The Bank is the Company's only reportable operating segment upon which management makes decisions regarding how to allocate resources and assess performance.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1M | $1.2M | $1.2M | $1.2M | $39.9M | $40.4M | $43.6M | $37.1M | $31.1M | $30.2M |
| Cost of revenue | — | — | — | $323.0K | $322.0K | $325.0K | $310.0K | $492.0K | $369.0K | — |
| Gross profit | — | — | — | $831.0K | $39.6M | $40.1M | $43.3M | $36.6M | $30.7M | — |
| Total operating expenses | $5.5M | $4.8M | $5.1M | $4.4M | $6.1M | $6.5M | $6.5M | $6.0M | $5.7M | $8.0M |
| Interest expense | $22.0M | $22.1M | $15.5M | $4.3M | $3.0M | $4.6M | $6.6M | $4.3M | $2.7M | $2.3M |
| Pre-tax income | $7.9M | $10.8M | $11.3M | $9.0M | $5.7M | $3.5M | $5.8M | $3.4M | $2.6M | $1.4M |
| Income tax | $1.9M | $2.6M | $2.8M | $2.1M | $1.3M | $825.0K | $1.2M | $901.0K | $3.0M | $169.0K |
| Net income | $6.0M | $8.2M | $8.5M | $6.9M | $4.5M | $2.7M | $4.6M | $2.5M | -$411.0K | $1.2M |
| EPS, basic | 1.03 | 1.40 | 1.42 | 1.13 | 0.70 | 0.43 | 0.71 | 0.40 | -0.07 | 0.20 |
| EPS, diluted | 1.00 | 1.33 | 1.33 | 1.06 | 0.66 | 0.40 | 0.67 | 0.37 | -0.07 | 0.19 |
| Shares, diluted (wtd. avg.) | 6.0M | 6.1M | 6.4M | 6.5M | 6.7M | 6.7M | 6.8M | 6.7M | 6.2M | 6.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $73.5M | $47.2M | $50.3M | $30.2M | $61.2M | $94.4M | $57.0M | $49.6M | $27.1M | $23.5M |
| Property, plant and equipment | $26.3M | $24.8M | $24.4M | $24.4M | $25.1M | $28.2M | $29.2M | $27.6M | $26.4M | $18.3M |
| Goodwill | $7.4M | $7.4M | $7.4M | $7.4M | $7.4M | $7.4M | $7.4M | $7.4M | $0 | — |
| Other intangibles | $0 | $49.0K | $171.0K | $366.0K | $634.0K | $975.0K | $1.4M | $1.9M | — | — |
| Total assets | $1.15B | $1.10B | $1.07B | $994.7M | $958.3M | $890.5M | $788.7M | $791.9M | $625.6M | $606.9M |
| Short-term debt | $0 | $10.0M | $10.0M | $20.0M | $10.0M | $10.0M | $10.0M | $527.0K | $15.6M | $10.1M |
| Long-term debt | $10.9M | $10.9M | $10.8M | $10.7M | $10.7M | — | — | — | — | — |
| Total liabilities | $1.05B | $1.00B | $982.3M | $909.5M | $868.2M | $803.8M | $704.0M | $712.5M | $549.4M | $530.7M |
| Retained earnings | $121.2M | $116.9M | $110.0M | $104.5M | $98.4M | $94.7M | $92.8M | $88.7M | $86.7M | $87.4M |
| Total equity | $105.6M | $98.6M | $90.6M | $85.1M | $90.1M | $86.7M | $84.7M | $79.4M | $76.2M | $76.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $12.3M | $7.8M | $13.1M | $12.5M | $9.8M | $6.1M | $11.3M | $8.1M | $6.8M | $8.2M |
| Stock-based compensation | $744.0K | $617.0K | $596.0K | $485.0K | $436.0K | $421.0K | $360.0K | $444.0K | $366.0K | $281.0K |
| Capital expenditure | $3.2M | $2.1M | $1.5M | $1.3M | $822.0K | $955.0K | $3.2M | $1.5M | $10.4M | $7.9M |
| Investing cash flow | -$28.1M | -$30.3M | -$60.4M | -$80.2M | -$108.3M | -$66.1M | $9.7M | $2.7M | -$22.6M | -$59.3M |
| Financing cash flow | $42.1M | $19.5M | $67.5M | $36.6M | $65.3M | $97.3M | -$13.6M | $11.7M | $19.5M | $30.6M |
| Dividends paid | $1.6M | $1.3M | $1.2M | $832.0K | $745.0K | $740.0K | $562.0K | $495.0K | $486.0K | $483.0K |
| Buybacks | $1.8M | $1.6M | $1.4M | $4.5M | $525.0K | $452.0K | $1.5M | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-103635.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $30.2M | $31.1M | $37.1M | $43.6M | $40.4M | $39.9M | $1.2M | $1.2M | $1.2M | $1.1M |
| Gross profit | — | $30.7M | $36.6M | $43.3M | $40.1M | $39.6M | $831.0K | — | — | — |
| Net income | $1.2M | -$411.0K | $2.5M | $4.6M | $2.7M | $4.5M | $6.9M | $8.5M | $8.2M | $6.0M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 6022
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|---|---|---|---|---|
| BNY | Bank of New York Mellon Corp | $98.57B | 19.6x | 7.8% |
| FITB | FIFTH THIRD BANCORP | $48.05B | 15.0x | -5.0% |
| STT | STATE STREET CORP | $46.10B | 17.9x | 7.3% |
| MTB | M&T BANK CORP | $32.01B | 13.0x | 7.5% |
| NTRS | NORTHERN TRUST CORP | $30.72B | 19.2x | 6.1% |
| CFG | CITIZENS FINANCIAL GROUP INC/RI | $27.44B | 16.9x | 6.7% |
| FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | $27.41B | 14.4x | -2.2% |
| EWBC | EAST WEST BANCORP INC | $17.97B | 13.8x | 2.4% |