First US Bancshares, Inc. (FUSB) 10-Year Financial Performance & Capital Metrics

FUSB • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingSoutheast Community Banks

AboutFirst US Bancshares, Inc. operates as the bank holding company for First US Bank that provides commercial banking products and services. The company offers non-interest-bearing demand deposits, savings accounts, NOW accounts, money market demand accounts, individual retirement accounts, and time deposits. Its loan products include commercial construction, land, and land development loans comprising residential housing, commercial and industrial use property development loans, raw land purchase and improvement loans, and agricultural production loans; mortgage loans on residential properties and apartment buildings; real estate loans secured by commercial and industrial properties, office or mixed-use facilities, strip shopping centers, or other commercial property; loans and leases to commercial customers; and secured and unsecured personal loans, including automobile loans and other direct consumer installment loans. The company also provides loans secured by personal property items, such as furniture, ATVs, and home appliances, as well as recreational vehicles, boats, and cargo trailers. In addition, it provides letters of credit; and safe deposit box and remote deposit capture services, as well as underwrites credit life, and credit accident and health insurance reinsurance policies. The company serves small-and medium-sized businesses, property managers, business executives, professionals, and other individuals. It operates 15 full-service banking offices in Birmingham, Butler, Calera, Centreville, Gilbertown, Grove Hill, Harpersville, Jackson, Thomasville, Tuscaloosa, and Woodstock, Alabama; Knoxville and Powell, Tennessee; and Rose Hill, Virginia, as well as loan production offices in Mobile, Alabama, and the Chattanooga, Tennessee area. The company was formerly known as United Security Bancshares, Inc. and changed its name to First US Bancshares, Inc. in October 2016. First US Bancshares, Inc. was founded in 1952 and is headquartered in Birmingham, Alabama.Show more

Net Interest Income $36M -3.2%
Total Revenue $62M +10.1%
Net Income $8M -3.7%
Return on Equity 8.64% -10.6%
Net Interest Margin 3.28% -5.7%
Efficiency Ratio 45.85% -11.6%
ROA 0.75% -8.4%
Equity / Assets 8.96% +6.1%
Book Value per Share 16.12 +13.5%
Tangible BV/Share 14.90 +14.5%
Debt/Equity 0.21 -7.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 45.9% efficiency ratio
✓Share count reduced 4.0% through buybacks
✓Trading at only 0.9x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y5.43%

5Y4.79%

3Y12.51%

TTM-

Profit (Net Income) CAGR

10Y8.7%

5Y12.34%

3Y22.44%

TTM-32.02%

EPS CAGR

10Y8.84%

5Y14.7%

3Y26.31%

TTM-29.52%

ROCE

10Y Avg5.6%

5Y Avg7.51%

3Y Avg9.46%

Latest9.45%

Peer Comparison

Southeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FFINFirst Financial Bankshares, Inc.	4.68B	32.65	20.93	18.79%	30.24%	14.14%	6.26%	0.12
FHNFirst Horizon Corporation	11.85B	24.44	17.97	4.71%	15.7%	9.58%	10.33%	0.50
AUBAtlantic Union Bankshares Corporation	5.47B	38.36	17.13	28.8%	15.53%	4.22%	5.51%	0.17
UCBUnited Community Banks, Inc.	4.09B	33.91	16.62	14.65%	17.05%	8.83%	7.4%	0.13
SNVSynovus Financial Corp.	6.95B	50.05	16.52	1.16%	14.09%	13.7%	11.01%	0.35
PNFPPinnacle Financial Partners, Inc.	14.67B	97.65	16.38	15.32%	16.65%	9.1%	5.5%	0.39
CADECadence Bank	8.27B	44.40	16.03	32.37%	18.03%	9.08%	9.39%	0.01
ABCBAmeris Bancorp	5.56B	81.41	15.69	9.75%	21.97%	9.91%	2.53%	0.11

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	27.61M	27.88M	28.39M	32.79M	36.94M	35.77M	36.97M	36.94M	37.35M	36.15M
NII Growth %	-0.04%	0.01%	0.02%	0.15%	0.13%	-0.03%	0.03%	-0%	0.01%	-0.03%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	29.9M	30.16M	31.1M	37.14M	43.59M	40.38M	39.92M	41.2M	52.81M	58.26M
Interest Expense	2.29M	2.27M	2.71M	4.35M	6.65M	4.61M	2.95M	4.26M	15.46M	22.11M
Loan Loss Provision	216K	3.2M	1.99M	2.62M	2.71M	2.94M	2.01M	3.31M	319K	622K
Non-Interest Income+	4.53M	5.2M	4.67M	5.61M	5.37M	4.69M	3.5M	3.15M	3.36M	3.58M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	34.43M	35.36M	35.77M	42.75M	48.95M	45.06M	43.42M	44.35M	56.17M	61.84M
Revenue Growth %	-0.06%	0.03%	0.01%	0.2%	0.15%	-0.08%	-0.04%	0.02%	0.27%	0.1%
Non-Interest Expense	28.38M	28.5M	28.45M	32.38M	33.78M	33.98M	32.74M	27.77M	29.12M	28.36M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	3.55M	1.39M	2.62M	3.39M	5.81M	3.53M	5.73M	9.01M	11.27M	10.75M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.34%	-0.61%	0.88%	0.29%	0.71%	-0.39%	0.62%	0.57%	0.25%	-0.05%
Pretax Income+	3.55M	1.39M	2.62M	3.39M	5.81M	3.53M	5.73M	9.01M	11.27M	10.75M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	951K	169K	3.04M	901K	1.25M	825K	1.27M	2.15M	2.79M	2.58M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	2.6M	1.22M	-411K	2.49M	4.57M	2.71M	4.45M	6.86M	8.48M	8.17M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.27%	-0.53%	-1.34%	7.06%	0.83%	-0.41%	0.64%	0.54%	0.24%	-0.04%
Net Income (Continuing)	2.6M	1.22M	-411K	2.49M	4.57M	2.71M	4.45M	6.86M	8.48M	8.17M
EPS (Diluted)+	0.41	0.19	-0.07	0.37	0.67	0.40	0.66	1.06	1.33	1.33
EPS Growth %	-0.28%	-0.54%	-1.37%	6.29%	0.81%	-0.4%	0.65%	0.61%	0.25%	0%
EPS (Basic)	0.42	0.20	-0.07	0.40	0.71	0.43	0.70	1.13	1.42	1.40
Diluted Shares Outstanding	6.31M	6.42M	5.87M	6.73M	6.8M	6.7M	6.74M	6.5M	6.38M	6.12M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	44.07M	23.53M	27.12M	49.6M	57.03M	94.42M	61.24M	30.15M	50.28M	47.22M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	486.63M	530.59M	526.27M	668.82M	653.6M	729.8M	834.35M	897.11M	947.95M	981.42M
Investments Growth %	-0.01%	0.09%	-0.01%	0.27%	-0.02%	0.12%	0.14%	0.08%	0.06%	0.04%
Long-Term Investments	287.79M	348.68M	372.4M	536.33M	559.58M	644.8M	703.47M	766.31M	812.39M	957.54M
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	7.43M	7.43M	7.43M	7.43M	7.43M
Intangible Assets	0	0	0	9.31M	8.82M	975K	634K	366K	171K	49K
PP&E (Net)	12.08M	18.34M	26.43M	27.64M	29.22M	28.21M	25.12M	24.44M	24.4M	24.8M
Other Assets	31.16M	32.45M	43.7M	33.75M	37.58M	26.88M	26.96M	32.16M	38.73M	36.57M
Total Current Assets	244.75M	207.43M	183.05M	184.9M	153.53M	182.22M	194.68M	163.96M	189.82M	74.69M
Total Non-Current Assets	331.03M	399.46M	442.53M	607.04M	635.2M	708.3M	763.62M	830.71M	883.12M	1.03B
Total Assets+	575.78M	606.89M	625.58M	791.94M	788.74M	890.51M	958.3M	994.67M	1.07B	1.1B
Asset Growth %	0.01%	0.05%	0.03%	0.27%	-0%	0.13%	0.08%	0.04%	0.08%	0.03%
Return on Assets (ROA)	0%	0%	-0%	0%	0.01%	0%	0%	0.01%	0.01%	0.01%
Accounts Payable	180K	241K	381K	424K	537K	292K	224K	607K	2.03M	1.75M
Total Debt+	12.35M	25.12M	25.59M	527K	10.03M	10.02M	20.7M	30.7M	20.8M	20.87M
Net Debt	-31.67M	1.69M	-1.53M	-49.07M	-47.01M	-84.4M	-40.55M	548K	-29.48M	-26.34M
Long-Term Debt	5M	15M	10M	0	0	0	10.65M	10.73M	10.8M	10.87M
Short-Term Debt	7.35M	10.12M	15.59M	527K	10.03M	10.02M	10.05M	20M	10M	10M
Other Liabilities	6.91M	7.63M	6.32M	6.83M	9.77M	11.31M	9.19M	8.2M	9.33M	7.28M
Total Current Liabilities	486.84M	508.02M	533.05M	705.68M	694.22M	792.52M	848.4M	890.63M	962.22M	984.31M
Total Non-Current Liabilities	11.91M	22.64M	16.32M	6.83M	9.77M	11.31M	19.84M	18.9M	20.13M	18.15M
Total Liabilities	498.75M	530.65M	549.37M	712.5M	703.99M	803.83M	868.24M	909.53M	982.35M	1B
Total Equity+	76.32M	76.24M	76.21M	79.44M	84.75M	86.68M	90.06M	85.14M	90.59M	98.62M
Equity Growth %	0.02%	-0%	-0%	0.04%	0.07%	0.02%	0.04%	-0.05%	0.06%	0.09%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.03%	0.02%	-0.01%	0.03%	0.06%	0.03%	0.05%	0.08%	0.1%	0.09%
Book Value per Share	12.09	11.87	12.98	11.80	12.46	12.93	13.36	13.09	14.21	16.12
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	73K	73K	73K	75K	75K	75K	75K	75K	75K	78K
Additional Paid-in Capital	10.56M	10.79M	10.76M	13.5M	13.81M	13.79M	14.16M	14.51M	14.97M	15.54M
Retained Earnings	86.69M	87.43M	86.67M	88.67M	92.75M	94.72M	98.43M	104.46M	109.96M	116.86M
Accumulated OCI	536K	-1.28M	-868K	-2.38M	-46K	-52K	-276K	-7.24M	-6.43M	-4.34M
Treasury Stock	-20.82M	-20.76M	-20.41M	-20.41M	-21.85M	-21.85M	-22.33M	-26.67M	-27.98M	-29.52M
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	7.4M	8.18M	6.75M	8.06M	11.31M	6.09M	9.82M	12.53M	13.07M	7.76M
Operating CF Growth %	-0.14%	0.11%	-0.17%	0.19%	0.4%	-0.46%	0.61%	0.28%	0.04%	-0.41%
Net Income	2.6M	1.22M	-411K	2.49M	4.57M	2.71M	4.45M	6.86M	8.48M	8.17M
Depreciation & Amortization	871K	966K	1.13M	1.63M	2.1M	2.1M	2.03M	1.88M	1.78M	1.71M
Deferred Taxes	926K	121K	2.83M	1.49M	1.13M	720K	-401K	-367K	133K	583K
Other Non-Cash Items	2.4M	4.9M	3.45M	3.78M	3.67M	3.19M	2.27M	3.7M	1.97M	-372K
Working Capital Changes	187K	692K	-613K	-1.76M	-510K	-3.04M	1.03M	-38K	103K	-2.95M
Cash from Investing+	473K	-59.3M	-22.62M	2.7M	9.72M	-66.06M	-108.31M	-80.2M	-60.45M	-30.35M
Purchase of Investments	-91.83M	-84.61M	-30.06M	-19.68M	-9.09M	-36.33M	-86.64M	-39.26M	-14.89M	-57.96M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	-19.01M	0	0	0	0	0	0
Other Investing	4.55M	-70.72M	-39.79M	-6.64M	-35.33M	-83.7M	-62.78M	-69.03M	-56.7M	754K
Cash from Financing+	2.03M	30.58M	19.46M	11.71M	-13.61M	97.35M	65.32M	36.58M	67.51M	19.52M
Dividends Paid	-484K	-483K	-486K	-495K	-562K	-740K	-745K	-832K	-1.18M	-1.26M
Share Repurchases	0	0	0	0	-1.48M	-452K	-525K	-4.48M	-1.42M	-1.64M
Stock Issued	0	0	0	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	475K	-1000K	1000K	-8K	1000K	1000K	-1000K	0
Other Financing	-4.4M	18.3M	19.48M	47.27M	-21.06M	98.55M	55.91M	31.9M	80.14M	22.43M
Net Change in Cash+	9.91M	-20.54M	3.59M	22.48M	7.43M	37.38M	-33.17M	-31.09M	20.13M	-3.06M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	34.17M	44.07M	23.53M	27.12M	49.6M	57.03M	94.42M	61.24M	30.15M	50.28M
Cash at End	44.07M	23.53M	27.12M	49.6M	57.03M	94.42M	61.24M	30.15M	50.28M	47.22M
Interest Paid	0	0	0	0	0	0	0	3.87M	14.03M	22.39M
Income Taxes Paid	0	0	0	0	0	0	0	2.85M	2.38M	2.8M
Free Cash Flow+	3.74M	290K	-3.64M	6.51M	8.13M	5.14M	9M	11.27M	11.6M	5.66M
FCF Growth %	-0.45%	-0.92%	-13.56%	2.79%	0.25%	-0.37%	0.75%	0.25%	0.03%	-0.51%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	3.43%	1.6%	-0.54%	3.2%	5.56%	3.16%	5.04%	7.84%	9.66%	8.64%
Return on Assets (ROA)	0.45%	0.21%	-0.07%	0.35%	0.58%	0.32%	0.48%	0.7%	0.82%	0.75%
Net Interest Margin	4.79%	4.59%	4.54%	4.14%	4.68%	4.02%	3.86%	3.71%	3.48%	3.28%
Efficiency Ratio	82.42%	80.59%	79.54%	75.76%	69.01%	75.39%	75.39%	62.62%	51.85%	45.85%
Equity / Assets	13.25%	12.56%	12.18%	10.03%	10.74%	9.73%	9.4%	8.56%	8.44%	8.96%
Book Value / Share	12.09	11.87	12.98	11.8	12.46	12.93	13.36	13.09	14.21	16.12
NII Growth	-4.17%	1%	1.83%	15.48%	12.67%	-3.18%	3.37%	-0.08%	1.11%	-3.22%
Dividend Payout	18.65%	39.46%	-	19.88%	12.31%	27.34%	16.74%	12.12%	13.85%	15.47%

Revenue by Segment

	2018	2019	2020	2021	2022
Service	-	1.83M	1.3M	1.07M	1.15M
Service Growth	-	-	-28.83%	-17.83%	7.95%
Mortgage Banking	-	475K	567K	23K	-
Mortgage Banking Growth	-	-	19.37%	-95.94%	-
Service and Other Charges On Deposit Accounts, Mortgage Fees from Secondary Market Transactions at the Bank, ATM Fee Income and Other Non-Interest Income	3.2M	-	-	-	-
Service and Other Charges On Deposit Accounts, Mortgage Fees from Secondary Market Transactions at the Bank, ATM Fee Income and Other Non-Interest Income Growth	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

First US Bancshares, Inc. (FUSB) has a price-to-earnings (P/E) ratio of 10.5x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

First US Bancshares, Inc. (FUSB) grew revenue by 10.1% over the past year. This is steady growth.

Yes, First US Bancshares, Inc. (FUSB) is profitable, generating $5.9M in net income for fiscal year 2024 (13.2% net margin).

Dividend & Returns

Yes, First US Bancshares, Inc. (FUSB) pays a dividend with a yield of 1.49%. This makes it attractive for income-focused investors.

First US Bancshares, Inc. (FUSB) has a return on equity (ROE) of 8.6%. This is below average, suggesting room for improvement.

Industry Metrics

First US Bancshares, Inc. (FUSB) has a net interest margin (NIM) of 3.3%. This indicates healthy earnings from lending activities.

First US Bancshares, Inc. (FUSB) has an efficiency ratio of 45.9%. This is excellent, indicating strong cost control.

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