First US Bancshares Inc (OQ:FUSB)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 3291 U.S. Highway 280 BIRMINGHAM AL 35243 |
| Tel: | 1-334-6365424 |
| Website: | https://www.fusb.com/resources/company-profile |
| IR: | See website |
| Key People | ||
| James F. House President, Chief Executive Officer, Vice Chairman of the Board | Thomas S. Elley Chief Financial Officer, Principal Accounting Officer, Vice President, Treasurer, Assistant Secretary | Eric H. Mabowitz Executive Vice President, Chief Risk Officer |
| William C. Mitchell Senior Vice President - Consumer Banking of the Bank | Beverly J. Dozier Vice President, Assistant Treasurer, Secretary | |
| Business Overview |
| 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. |
| Financial Overview |
| For the three months ended 31 March 2024, First US Bancshares Inc interest income increased 19% to $14.3M. Net interest income after loan loss provision decreased 1% to $9M. Net income increased 2% to $2.1M. Net interest income after loan loss provision reflects Bank segment decrease from $8.8M to $0K, ALC segment decrease from $454K to $0K. Net income reflects Provision for credit losses decrease from $269K (expense) to $0K. |
| Employees: | 153 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $71.11M as of Mar 31, 2024 |
| Annual revenue (TTM): | $55.12M as of Mar 31, 2024 |
| EBITDA (TTM): | $10.72M as of Mar 31, 2024 |
| Net annual income (TTM): | $8.52M as of Mar 31, 2024 |
| Free cash flow (TTM): | N/A |
| Net Debt Last Fiscal Year: | $7.26M as of Mar 31, 2024 |
| Shares outstanding: | 5,788,672 as of May 3, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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