Revenue performance remains constrained by stagnant net interest income, which has fluctuated within a narrow $8.7 million to $9.7 million range over the last ten quarters.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Net Interest Income | 37.78M | 37.46M | 36.15M | 37.35M | 36.94M | 36.97M | 35.77M | 36.94M | 32.79M | 28.39M | 27.88M | 27.61M | 28.81M | 30.73M | 34.2M | 35.33M | 34.69M | 34.27M | 35.2M | 40.52M | 43.23M | 40.87M | 39.06M | 35.59M | 31.62M | 29.36M | 30.03M | 29.6M | 27.74M | 22.27M | 10.08M |
| NII Growth % | 19.75% | 3.62% | -3.22% | 1.11% | -0.08% | 3.37% | -3.18% | 12.67% | 15.48% | 1.83% | 1% | -4.17% | -6.26% | -10.14% | -3.2% | 1.83% | 1.22% | -2.64% | -13.12% | -6.27% | 5.77% | 4.62% | 9.77% | 12.56% | 7.7% | -2.25% | 1.46% | 6.72% | 24.53% | 120.89% | 10.02% |
| Net Interest Margin % | 3.24% | 3.24% | 3.28% | 3.48% | 3.71% | 3.86% | 4.02% | 4.68% | 4.14% | 4.54% | 4.59% | 4.79% | 5.03% | 5.39% | 6.03% | 5.68% | 5.55% | 4.95% | 5.27% | 6.14% | 6.69% | 6.58% | 6.66% | 6.27% | 5.91% | 5.61% | 5.9% | 6.21% | 6.16% | 5.23% | 4.29% |
| Interest Income | 60.34M | 59.41M | 58.26M | 52.81M | 41.2M | 39.92M | 40.38M | 43.59M | 37.14M | 31.1M | 30.16M | 29.9M | 31.36M | 33.64M | 38.75M | 42.35M | 44.77M | 47.47M | 52.12M | 59.98M | 59.22M | 52.68M | 49.43M | 46.72M | 45.75M | 47.78M | 48.32M | 45M | 43.25M | 37.65M | 18.15M |
| Interest Expense | 22.56M | 21.96M | 22.11M | 15.46M | 4.26M | 2.95M | 4.61M | 6.65M | 4.35M | 2.71M | 2.27M | 2.29M | 2.55M | 2.9M | 4.56M | 7.02M | 10.07M | 13.2M | 16.91M | 19.46M | 15.99M | 11.81M | 10.37M | 11.13M | 14.13M | 18.42M | 18.29M | 15.4M | 15.52M | 15.38M | 8.07M |
| Loan Loss Provision | 3.76M | 4.03M | 622K | 319K | 3.31M | 2.01M | 2.94M | 2.71M | 2.62M | 1.99M | 3.2M | 216K | -74K | -642K | 4.34M | 18.8M | 19.13M | 9.1M | 8.9M | 21.15M | 3.73M | 3.85M | 3.72M | 3.5M | 3.86M | 5.25M | 6.84M | 4.3M | 3.19M | 1.71M | 78K |
| Non-Interest Income | 3.54M | 3.58M | 3.58M | 3.36M | 3.15M | 3.5M | 4.69M | 5.37M | 5.61M | 4.67M | 5.2M | 4.53M | 5.09M | 4.87M | 5.57M | 7.12M | 10.23M | 8.43M | 6.46M | 5.57M | 5.62M | 5.28M | 5.75M | 5.66M | 5.07M | 4.73M | 4.88M | 4.7M | -19.99M | -16.2M | -8.57M |
| Non-Interest Income % | 5.55% | 5.68% | 5.79% | 5.99% | 7.1% | 8.06% | 10.4% | 10.96% | 13.12% | 13.05% | 14.71% | 13.16% | 13.97% | 12.64% | 12.56% | 14.4% | 18.6% | 15.08% | 11.03% | 8.49% | 8.67% | 9.11% | 10.43% | 10.81% | 9.97% | 9.01% | 9.18% | 9.46% | -85.93% | -75.54% | -89.45% |
| Total Revenue | 63.88M | 62.99M | 61.84M | 56.17M | 44.35M | 43.42M | 45.06M | 48.95M | 42.75M | 35.77M | 35.36M | 34.43M | 36.45M | 38.5M | 44.32M | 49.47M | 54.99M | 55.9M | 58.58M | 65.55M | 64.84M | 57.96M | 55.19M | 52.38M | 50.82M | 52.51M | 53.21M | 49.7M | 23.26M | 21.45M | 9.58M |
| Revenue Growth % | 15% | 1.86% | 10.1% | 26.66% | 2.13% | -3.64% | -7.95% | 14.52% | 19.52% | 1.16% | 2.7% | -5.55% | -5.32% | -13.13% | -10.41% | -10.05% | -1.63% | -4.57% | -10.63% | 1.09% | 11.88% | 5.02% | 5.35% | 3.08% | -3.21% | -1.32% | 7.05% | 113.64% | 8.47% | 123.86% | 18.08% |
| Non-Interest Expense | 29.49M | 29.07M | 28.36M | 29.12M | 27.77M | 32.74M | 33.98M | 33.78M | 32.38M | 28.45M | 28.5M | 28.38M | 28.59M | 30.8M | 32.48M | 38.68M | 32.12M | 27.45M | 25.27M | 25.8M | 23.78M | 23.06M | 22.05M | 21.31M | 20.03M | 19.49M | 19.11M | 18.5M | -7.54M | -5.33M | -4.35M |
| Efficiency Ratio | 46.17% | 46.15% | 45.85% | 51.85% | 62.62% | 75.39% | 75.39% | 69.01% | 75.76% | 79.54% | 80.59% | 82.42% | 78.45% | 80% | 73.3% | 78.19% | 58.41% | 49.1% | 43.14% | 39.37% | 36.68% | 39.79% | 39.95% | 40.67% | 39.42% | 37.13% | 35.91% | 37.22% | -32.42% | -24.87% | -45.38% |
| Operating Income | 8.07M | 7.94M | 10.75M | 11.27M | 9.01M | 5.73M | 3.53M | 5.81M | 3.39M | 2.62M | 1.39M | 3.55M | 5.38M | 5.44M | 2.94M | -15.03M | -6.33M | 6.15M | 7.49M | -871.21K | 21.34M | 19.23M | 19.05M | 16.44M | 12.79M | 9.34M | 8.97M | 11.5M | 12.1M | 9.69M | 5.78M |
| Operating Margin % | 12.63% | 12.6% | 17.39% | 20.07% | 20.32% | 13.19% | 7.84% | 11.87% | 7.93% | 7.34% | 3.94% | 10.3% | 14.75% | 14.12% | 6.63% | -30.39% | -11.51% | 11.01% | 12.79% | -1.33% | 32.91% | 33.19% | 34.52% | 31.38% | 25.18% | 17.79% | 16.86% | 23.14% | 52.01% | 45.2% | 60.36% |
| Operating Income Growth % | - | -26.2% | -4.59% | 25.07% | 57.39% | 62.12% | -39.23% | 71.39% | 29.23% | 88.37% | -60.72% | -34.06% | -1.07% | 84.9% | 119.56% | -137.43% | -202.92% | -17.89% | 960.06% | -104.08% | 10.94% | 0.97% | 15.9% | 28.47% | 37.01% | 4.1% | -21.99% | -4.96% | 24.81% | 67.65% | 14.57% |
| Pretax Income | 8.07M | 7.94M | 10.75M | 11.27M | 9.01M | 5.73M | 3.53M | 5.81M | 3.39M | 2.62M | 1.39M | 3.55M | 5.38M | 5.44M | 2.94M | -15.03M | -6.33M | 6.15M | 7.49M | -871.21K | 21.34M | 19.23M | 19.05M | 16.44M | 12.79M | 9.34M | 8.97M | 11.5M | 12.1M | 9.69M | 5.78M |
| Pretax Margin % | 12.63% | 12.6% | 17.39% | 20.07% | 20.32% | 13.19% | 7.84% | 11.87% | 7.93% | 7.34% | 3.94% | 10.3% | 14.75% | 14.12% | 6.63% | -30.39% | -11.51% | 11.01% | 12.79% | -1.33% | 32.91% | 33.19% | 34.52% | 31.38% | 25.18% | 17.79% | 16.86% | 23.14% | 52.01% | 45.2% | 60.36% |
| Income Tax | 1.91M | 1.94M | 2.58M | 2.79M | 2.15M | 1.27M | 825K | 1.25M | 901K | 3.04M | 169K | 951K | 1.83M | 1.51M | 745K | -5.96M | -3.03M | 1.56M | 2.12M | -1.22M | 7.09M | 5.58M | 5.92M | 5.02M | 3.62M | 2.55M | 2.19M | 3.3M | 3.52M | 2.71M | 1.52M |
| Effective Tax Rate % | 23.61% | 24.5% | 24.03% | 24.72% | 23.83% | 22.27% | 23.36% | 21.44% | 26.57% | 115.66% | 12.13% | 26.82% | 34.01% | 27.76% | 25.34% | 39.63% | 47.79% | 25.39% | 28.34% | 140.02% | 33.25% | 29% | 31.07% | 30.56% | 28.29% | 27.32% | 24.45% | 28.7% | 29.1% | 27.98% | 26.28% |
| Net Income | 6.17M | 5.99M | 8.17M | 8.48M | 6.86M | 4.45M | 2.71M | 4.57M | 2.49M | -411K | 1.22M | 2.6M | 3.55M | 3.93M | 2.19M | -9.07M | -3.18M | 4.75M | 5.37M | 348.62K | 14.24M | 13.66M | 13.13M | 11.41M | 9.18M | 6.59M | 6.78M | 8.2M | 8.58M | 6.98M | 4.26M |
| Net Margin % | 9.65% | 9.51% | 13.21% | 15.11% | 15.48% | 10.25% | 6.01% | 9.33% | 5.82% | -1.15% | 3.46% | 7.54% | 9.74% | 10.2% | 4.95% | -18.35% | -5.78% | 8.5% | 9.17% | 0.53% | 21.97% | 23.56% | 23.79% | 21.79% | 18.05% | 12.55% | 12.74% | 16.5% | 36.88% | 32.55% | 44.49% |
| Net Income Growth % | -21.31% | -26.66% | -3.71% | 23.62% | 54.21% | 64.43% | -40.71% | 83.37% | 705.84% | -133.58% | -52.83% | -26.88% | -9.63% | 78.91% | 124.19% | -185.29% | -166.91% | -11.46% | 1440.2% | -97.55% | 4.31% | 4% | 15.03% | 24.41% | 39.29% | -2.82% | -17.34% | -4.41% | 22.88% | 63.78% | 17.91% |
| Net Income (Continuing) | 6.17M | 5.99M | 8.17M | 8.48M | 6.86M | 4.45M | 2.71M | 4.57M | 2.49M | -411K | 1.22M | 2.6M | 3.55M | 3.93M | 2.19M | -9.08M | -3.31M | 4.59M | 5.37M | 348.62K | 14.24M | 13.66M | 13.13M | 11.41M | 9.18M | 6.79M | 6.78M | 8.2M | 8.58M | 6.98M | 4.26M |
| EPS (Diluted) | 1.05 | 0.99 | 1.33 | 1.33 | 1.06 | 0.66 | 0.40 | 0.67 | 0.37 | -0.07 | 0.19 | 0.41 | 0.57 | 0.65 | 0.36 | -1.51 | 0.34 | 0.79 | 0.89 | 0.06 | 2.24 | 2.12 | 2.04 | 1.77 | 1.41 | 0.94 | 0.95 | 1.14 | 1.20 | 0.98 | 1.00 |
| EPS Growth % | -19.88% | -25.56% | 0% | 25.47% | 60.61% | 65% | -40.3% | 81.08% | 628.57% | -136.84% | -53.66% | -28.07% | -12.31% | 80.56% | 123.84% | -544.12% | -56.96% | -11.24% | 1383.33% | -97.32% | 5.66% | 3.92% | 15.25% | 25.53% | 50% | -1.05% | -16.67% | -5% | 22.45% | -2% | 17.65% |
| EPS (Basic) | - | 1.03 | 1.40 | 1.42 | 1.13 | 0.70 | 0.43 | 0.71 | 0.40 | -0.07 | 0.20 | 0.42 | 0.58 | 0.65 | 0.36 | -1.51 | 0.34 | 0.79 | 0.89 | 0.06 | 2.24 | 2.12 | 2.04 | 1.77 | 1.41 | 0.95 | 0.95 | 1.15 | 1.21 | 0.99 | 1.00 |
| Diluted Shares Outstanding | 5.89M | 6.06M | 6.12M | 6.38M | 6.5M | 6.74M | 6.7M | 6.8M | 6.73M | 5.87M | 6.42M | 6.31M | 6.21M | 6.04M | 6.1M | 6.01M | 6.09M | 6.02M | 6.04M | 6.17M | 6.37M | 6.43M | 6.43M | 6.43M | 6.51M | 7.01M | 7.17M | 7.19M | 7.15M | 7.12M | 4.28M |
Credit loss volatility
As reported in recent financial filings, FUSB's net interest income has struggled to maintain momentum, fluctuating between $8.7 million and $9.7 million over the last ten quarters, suggesting that the bank's core lending engine is currently constrained by limited loan demand or competitive pricing pressures in its markets.
The modest growth in NII appears insufficient to offset the broader operational costs associated with the bank's physical footprint. Investors should monitor whether the recent expansion into Tennessee and Virginia can catalyze a more meaningful expansion in interest-earning assets, or if the current trajectory remains tethered to the slower-growth Alabama core.
Based on the provided income statement data, the efficiency ratio has hovered in the mid-to-high 40% range, indicating that FUSB continues to face significant overhead burdens that may limit its ability to translate revenue growth into bottom-line profitability for shareholders in the current interest rate environment.
The bank's high fixed-cost structure, necessitated by its 15-branch network, appears to be a persistent drag on operating leverage. Without a significant increase in non-interest income or a reduction in personnel and occupancy expenses, the bank may struggle to improve its net margin beyond the current 9.51% level.
According to the quarterly income statement, FUSB experienced a significant spike in provision for loan losses to $2.7 million in 2025Q2, which suggests that the bank's niche consumer portfolio may be more sensitive to economic cycles than previously anticipated by the market's conservative valuation models.
The erratic nature of these provisions, ranging from negative figures in 2023Q4 to the substantial charge in 2025Q2, warrants further investigation into the bank's internal credit quality assessment processes. This volatility implies that the bank's earnings quality is susceptible to sudden, lumpy credit events that could disrupt consistent dividend or capital allocation strategies.
As indicated by the $73.5 million cash position relative to total revenue, FUSB appears to be holding an excess of low-yielding liquid assets, which may be suppressing the bank's return on equity and suggesting a lack of immediate, high-quality deployment opportunities within its current geographic footprint.
While this conservative liquidity posture provides a buffer against systemic shocks, it may also signal an inability to effectively scale the loan book in a competitive regional banking landscape. Investors should monitor whether management intends to deploy this capital into higher-yielding assets or if it will remain a permanent drag on the bank's overall profitability metrics.
Quick answers to the most common questions about buying FUSB stock.
First US Bancshares, Inc. (FUSB) is profitable, generating $6.0M in net income for the fiscal year ending 2025 with a net profit margin of 9.5%.
First US Bancshares, Inc. (FUSB) reported an operating income of $7.9M, resulting in an operating profit margin of 12.6%. This margin reflects the operational efficiency of the business before interest and taxes.
First US Bancshares, Inc. (FUSB) generated $37.0M in gross profit for the year, representing a gross profit margin of 58.7%. This demonstrates the company's core pricing power and production efficiency.