First US Bancshares (FUSB) investor relations material

Executive summary

• Net income for Q2 2026 was $1.8 million ($0.31 per diluted share), up from $0.2 million ($0.03 per share) in Q2 2025, and six-month net income was $3.7 million ($0.64 per share), up from $1.9 million ($0.32 per share) year-over-year.

• Earnings growth was driven by lower provision for credit losses and gains on investment securities, partially offset by higher non-interest expenses.

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

• Total assets decreased 0.6% to $1.15 billion as of June 30, 2026, compared to December 31, 2025.

Financial highlights

• Net interest income for the six months ended June 30, 2026, rose 1.9% to $18.7 million year-over-year; Q2 2026 net interest income was $9.5 million, up 3.1% from Q1 2026.

• Net interest margin expanded to 3.56% in Q2 2026 from 3.37% in Q1 2026, but declined year-over-year from 3.59% to 3.46%.

• Provision for credit losses dropped to $1.2 million for the six months, with Q2 2026 at $0.9 million, down sharply from $2.7 million in Q2 2025.

• Non-interest income increased to $2.2 million for the six months, mainly from $0.5 million in gains on investment securities.

• Non-interest expense rose to $15.0 million for the six months, up 4.3% year-over-year, with Q2 2026 at $7.6 million, reflecting inflation and expansion costs.

• Total loans grew by $7.6 million (0.9%) to $860.6 million, led by construction and indirect consumer lending.

• Total deposits decreased by $30.0 million (2.9%) to $998.0 million, mainly due to maturing brokered time deposits.

Outlook and guidance

• Management continues to monitor economic, geopolitical, and policy uncertainties, focusing on maintaining net interest margin and deposit growth.

• The company expects continued competitive pressure on deposits and ongoing challenges from inflation and interest rate volatility.

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