First US Bancshares (FUSB) Q3 2026 earnings summary

Executive summary

• Q3 2026 net income was $2.0 million, or $0.36 per diluted share; nine-month net income reached $5.7 million, up 46.5% YoY, while diluted EPS rose 56.3%.

• Net interest margin expanded to 3.66% in Q3, and credit-quality measures improved QoQ; project payoffs in multifamily and construction lending reduced total loans.

Financial highlights

• Q3 net interest income was $9.9 million, up 3.7% QoQ and 1.9% YoY; nine-month net interest income was $28.6 million, up 1.9% YoY.

• Q3 provision for credit losses was $586,000, versus $939,000 in Q2; nine-month provision was $1.8 million, down from $3.8 million in 2025.

• Q3 non-interest income was $967,000, versus $1.3 million in Q2 and $860,000 YoY; nine-month income rose $541,000 to $3.1 million, mainly on securities gains.

• Q3 non-interest expense was $7.7 million, up $276,000 YoY; nine-month expense rose $898,000 to $22.7 million, including higher personnel, other, occupancy, and insurance costs.

• Q3 pretax income was $2.5 million and net income was $2.0 million; nine-month pretax income was $7.2 million and net income was $5.7 million.

Outlook and guidance

• Management emphasized disciplined pricing, credit quality, and flexibility to respond to market opportunities; commercial lending relationships are intended to support future loan growth.

• Indirect consumer lending growth continued, while expected multifamily and construction project payoffs weighed on total loans.