First US Bancshares (FUSB) Q4 2025 earnings summary

Executive summary

• Fourth quarter 2025 diluted EPS was $0.36, up from $0.32 in 3Q2025 and $0.29 in 4Q2024, with net income rising 10% sequentially and 24% year-over-year to $2.1 million.

• Full-year 2025 diluted EPS was $1.00, down from $1.33 in 2024, and full-year net income was $6.0 million, down from $8.2 million, mainly due to higher provision for credit losses.

• Tangible book value per share increased 7.7% year-over-year to $17.23 as of December 31, 2025.

• 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%, 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 for 2025.

• Non-interest expense rose to $29.1 million in 2025 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, with disciplined credit culture and expense control.

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

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