First US Bancshares (FUSB) Q2 2025 earnings summary

Executive summary

• Net income for 2Q2025 was $0.2 million ($0.03 per diluted share), down from $1.8 million in 1Q2025 and $2.1 million ($0.34 per diluted share) in 2Q2024, mainly due to higher provision for credit losses.

• Loan growth reached $23.1 million in 2Q2025, with year-to-date growth of $48.4 million (5.9%), driven by consumer indirect and multi-family real estate.

• Net interest margin improved sequentially to 3.59% in 2Q2025 but was down from 3.69% year-over-year.

Financial highlights

• Pre-tax pre-provision net revenue increased 0.9% sequentially and 5.2% year-over-year in 2Q2025.

• Net interest income rose 6.5% sequentially and 3.3% year-over-year to $9.5 million in 2Q2025; non-interest income remained stable at $0.8 million.

• Provision for credit losses was $2.7 million in 2Q2025, with $1.4 million tied to indirect consumer loans and $0.9 million to specific commercial loans.

• Deposits increased by $24.9 million (2.6%) in 2Q2025, with core deposits representing 82.7% of total deposits.

• Efficiency ratio was 72.1%–72.6% in 2Q2025, up from 69.3% in 1Q2025.

Outlook and guidance

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

• Plans include expanding loan production offices, leveraging digital banking, and considering acquisitions for market expansion.

• Management expects continued challenges from economic volatility, inflation, and competitive deposit environment.

• Net interest margin improvement efforts are ongoing, but future rate changes could impact results.