First US Bancshares stock: Nine-month EPS rises 56%

First US Bancshares reported stronger results for the quarter ended September 30, 2026, in a release issued Wednesday, October 28. According to the company release on PR Newswire, nine-month diluted earnings per share increased 56.3% from the same period of 2025.

Quarterly earnings gain

Net income reached 2.0 million US dollars in the third quarter, compared with 1.9 million US dollars a year earlier and 1.8 million US dollars in the second quarter. Diluted earnings per share came to 0.36 US dollars, up from 0.32 US dollars a year earlier and 0.31 US dollars in the preceding quarter.

For the first nine months, net income rose to 5.7 million US dollars from 3.9 million US dollars. Net interest income increased 1.9% year over year to 28.6 million US dollars, while the net interest margin widened to 3.66% in the third quarter from 3.60% a year earlier.

Loan mix remains in focus

Total loans declined 1.8% during the quarter to 845.0 million US dollars as expected payoffs reduced multifamily and construction lending. Indirect consumer loans grew by 13.1 million US dollars during the quarter and by 35.8 million US dollars during the first nine months.

Total deposits increased 1.7% from June 30 to 1.015 billion US dollars. The provision for credit losses was 586,000 US dollars in the quarter, while nonperforming assets represented 0.14% of total assets at September 30.

The company also repurchased 390,000 shares during the quarter at a weighted average price of 16.43 US dollars. Across the first nine months, repurchases totaled 627,500 shares at an average price of 16.02 US dollars. The board declared a quarterly cash dividend of 0.07 US dollars per share.