First US Bancshares (FUSB) investor relations material

Executive summary

• Net income for 2Q2026 was $1.8 million ($0.31 per diluted share), up significantly year-over-year from $0.2 million ($0.03 per share) in 2Q2025, but down slightly from $1.9 million ($0.33 per share) in 1Q2026.

• Six-month net income totaled $3.7 million ($0.64 per share), doubling from $1.9 million ($0.32 per share) in the prior year period, driven by lower provision for credit losses.

• Robust loan growth, especially in construction and indirect consumer lending, and improved net interest margin quarter-over-quarter were highlighted.

Financial highlights

• Net interest income rose to $9.5 million in 2Q2026, up 3.1% from 1Q2026 and 0.3% from 2Q2025.

• Net interest margin expanded to 3.56% in 2Q2026 from 3.37% in 1Q2026, but slightly below 3.59% in 2Q2025.

• Non-interest income increased to $1.3 million in 2Q2026, mainly due to $0.5 million in securities gains.

• Non-interest expense was $7.6 million in 2Q2026, up from $7.3 million in 1Q2026, reflecting inflation and banking center expansion.

• Provision for credit losses was $0.9 million in 2Q2026, up from $0.3 million in 1Q2026 but down sharply from $2.7 million in 2Q2025.

Outlook and guidance

• Management noted resilience in core markets despite ongoing geopolitical and economic uncertainty.

• Continued focus on managing deposit costs and supporting loan growth, with new banking centers planned.