First US Bancshares (FUSB) Q1 2026 earnings summary

Executive summary

• Net income for 1Q2026 was $1.9 million ($0.33 per diluted share), up from $1.8 million ($0.29) in 1Q2025 but down from $2.1 million ($0.36) in 4Q2025.

• Diluted EPS increased 13.8% year-over-year; core deposit franchise grew despite a modest decline in total loan volume.

• Management highlights a well-positioned balance sheet amid ongoing geopolitical and economic volatility.

Financial highlights

• Net interest income was $9.2 million, up 3.6% year-over-year but down 2.2% sequentially.

• Net interest margin declined to 3.37% from 3.53% in 1Q2025 and 3.46% in 4Q2025.

• Non-interest income was $0.8 million, down from $1.0 million in 4Q2025 and $0.9 million in 1Q2025.

• Non-interest expense was $7.3 million, up from $6.9 million in 1Q2025, mainly due to higher salaries, benefits, and professional fees.

• Cash dividend of $0.07 per share declared, consistent with prior quarters.

Outlook and guidance

• Management expects continued volatility but believes the balance sheet is resilient for multiple scenarios.

• The new banking center in Daphne, Alabama, is expected to open in 2Q2026, supporting deposit growth.