First US Bancshares (FUSB) investor relations material

Executive summary

• Full-year 2025 diluted EPS was $1.00, down from $1.33 in 2024, mainly due to higher provision for credit losses in 2Q2025.

• 4Q2025 diluted EPS rose to $0.36 from $0.32 in 3Q2025 and $0.29 in 4Q2024, driven by lower provision for credit losses and improved net interest income.

• Fourth quarter net income rose 10% sequentially and 24% year-over-year, reaching $2.1 million, or $0.36 per diluted share; full-year net income was $6.0 million, down from $8.2 million in 2024.

• Loan portfolio credit metrics improved, with significant decreases in net charge-offs and nonperforming assets.

• Management expressed optimism for 2026 following resolution of most credit issues by Q3 2025.

Financial highlights

• Net interest margin for 4Q2025 was 3.46%, slightly down from 3.60% in 3Q2025 but up from 3.41% in 4Q2024; full-year margin was 3.54%, down from 3.59% in 2024.

• Net interest income for 4Q2025 was $9.4 million, up 7.7% year-over-year; full-year net interest income increased 3.6% to $37.5 million.

• Provision for credit losses in 2025 totaled $4.0 million, up from $0.6 million in 2024, with $2.7 million recorded in Q2 due to indirect consumer growth and specific commercial loans.

• Non-interest income held steady at $3.6 million year-over-year.

• Non-interest expense increased to $29.1 million from $28.4 million in 2024, mainly due to higher salaries, benefits, and professional fees.

Outlook and guidance

• Strategic focus remains on growing EPS, ROA, and ROE through diversified loan and deposit growth, strong credit culture, and expense control.

• Plans include expanding digital offerings, optimizing branch footprint, and considering acquisitions for growth.

• Management anticipates continued momentum into 2026, with improved credit quality and ongoing banking center expansion.