First US Bancshares, Inc. (FUSB)

First US Bancshares Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	51.41	47.75	38.02	38.23	38.25	39.64
Interest Income on Investments	6.38	5.06	3.18	1.69	2.13	3.95
Total Interest Income	57.79	52.81	41.2	39.92	40.38	43.59
Interest Paid on Deposits	20.69	14.35	3.38	2.67	4.48	6.55
Interest Paid on Borrowings	0.59	1.11	0.87	0.28	0.14	0.09
Total Interest Expense	21.27	15.46	4.26	2.95	4.61	6.65
Net Interest Income	36.51	37.35	36.94	36.97	35.77	36.94
Net Interest Income Growth (YoY)	-4.25%	1.11%	-0.08%	3.37%	-3.18%	12.67%
Mortgage Banking Activities	-	-	-	-	0.57	0.48
Gain (Loss) on Sale of Assets	-0	0.02	0.3	-0.13	-0.14	-0.41
Gain (Loss) on Sale of Investments	-	-	-	0.02	0.33	0.09
Other Non-Interest Income	2.28	2.17	2	2.41	2.49	2.97
Total Non-Interest Income	3.52	3.38	3.45	3.37	4.54	4.96
Non-Interest Income Growth (YoY)	11.90%	-2.03%	2.37%	-25.81%	-8.35%	-5.00%
Revenues Before Loan Losses	40.03	40.73	40.39	40.34	40.31	41.9
Provision for Loan Losses	-0.28	0.32	3.31	2.01	2.95	2.71
Revenue	40.31	40.41	37.08	38.33	37.37	39.19
Revenue Growth (YoY)	0.79%	8.97%	-3.26%	2.59%	-4.65%	10.74%
Salaries and Employee Benefits	14.97	15.48	15.93	18.72	20.12	19.99
Occupancy Expenses	3.06	3.02	2.85	3.39	3.34	3.39
Selling, General & Administrative	4.36	3.92	3.62	4.71	4.53	3.9
Other Non-Interest Expense	6.42	6.73	5.67	5.79	5.84	6.09
Total Non-Interest Expense	28.81	29.14	28.07	32.61	33.83	33.37
EBT Excluding Unusual Items	11.5	11.27	9.01	5.73	3.53	5.81
Pretax Income	11.5	11.27	9.01	5.73	3.53	5.81
Income Tax Expense	2.77	2.79	2.15	1.28	0.83	1.25
Net Income	8.73	8.49	6.86	4.45	2.71	4.57
Net Income to Common	8.73	8.49	6.86	4.45	2.71	4.57
Net Income Growth	3.52%	23.62%	54.21%	64.43%	-40.71%	83.37%
Basic Shares Outstanding	6	6	6	6	6	6
Diluted Shares Outstanding	6	6	7	7	7	7
Shares Change (YoY)	-2.60%	-1.96%	-3.50%	0.55%	-1.43%	2.18%
EPS (Basic)	1.48	1.42	1.13	0.70	0.43	0.71
EPS (Diluted)	1.40	1.33	1.06	0.66	0.40	0.67
EPS Growth	5.90%	25.47%	60.61%	65.00%	-40.30%	81.08%
Dividend Per Share	0.200	0.200	0.140	0.120	0.120	0.090
Dividend Growth	0%	42.86%	16.67%	0%	33.33%	12.50%
Effective Tax Rate	24.06%	24.72%	23.83%	22.27%	23.36%	21.44%

Source: S&P Capital IQ. Banks template. Financial Sources.