FUSB on Nasdaq

FIRST US BANCSHARES, INC.

FIRST US BANCSHARES, INC. is an American state commercial bank that raised $11 million in 2021 (SEC Form D).2 It is headquartered in Birmingham, United States.2 Its shares trade on Nasdaq under the symbol FUSB.2

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Last updated Oct 20, 2026.

Overview

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  • TickerFUSB on Nasdaq2
  • IndustryState Commercial Banks2
  • HeadquartersBirmingham, United States2
  • Incorporated inDE3
  • Business address3291 U.S. Highway 280, Birmingham, Al 352433
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formCorporation2
  • LEI54930017QY1V8LM2TC682
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressc/o THE CORPORATION TRUST COMPANY, CORPORATION TRUST CENTER 1209 ORANGE ST, 19801 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 30517422

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First US Bancshares, Inc., a Delaware corporation (“Bancshares” and, together with its subsidiary, the “Company”), is a bank holding company formed in 1983 registered under the Bank Holding Company Act of 1956, as amended (the “BHCA”). Bancshares operates one wholly-owned banking subsidiary, First US Bank, an Alabama banking corporation (the “Bank”). Bancshares and the Bank are headquartered in Birmingham, Alabama.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

525.6%Net margin6
-7.5%Revenue growth, 20256
5.7%Return on equity6
0.10×Debt to equity6
$9.1MFree cash flow6

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Interest73¢$22.0M
  • Income tax7¢$1.9M
  • Profit20¢$6.0M

Out of $1.1M in revenue.6

Where each dollar of operating cash went, fiscal 2025

  • Capital spending26¢$3.2M
  • Dividends paid13¢$1.6M
  • Share buybacks14¢$1.8M
  • Kept or used elsewhere46¢$5.7M

Out of $12.3M of cash from operations.6

Financial statements

Revenue786$1.1M in 2025−1% since 2022
0$500.0K$1.0M$1.5M2022: $1.2M$1.2M20222023: $1.2M$1.2M2023+4%2024: $1.2M$1.2M2024+3%2025: $1.1M$1.1M2025−7%
Net income91011786$6.0M in 2025+31% since 2019
0$2.5M$5.0M$7.5M$10.0M2019: $4.6M$4.6M20192020: $2.7M$2.7M2020−41%2021: $4.5M$4.5M2021+64%2022: $6.9M$6.9M2022+54%2023: $8.5M$8.5M2023+24%2024: $8.2M$8.2M2024−4%2025: $6.0M$6.0M2025−27%

Every line of the income statement as filed: the last 2 fiscal years (annual) or 8 quarters (quarterly), latest first.6

Period ending2025-12-312024-12-31
Interest and fees on loans$51.8M$51.5M
Interest on investment securities$5.8M$4.4M
Interest on deposits in banks$1.5M$2.0M
Other$306.0K$435.0K
Total interest income$59.4M$58.3M
Interest on deposits$20.9M$21.5M
Interest on borrowings$1.1M$562.0K
Total interest expense$22.0M$22.1M
Net interest income$37.5M$36.1M
Provision for credit losses$4.0M$622.0K
Net interest income after provision for credit losses$33.4M$35.5M
Revenue from Contract with Customer, Including Assessed Tax$1.1M$1.2M
Lease income$1.1M$1.0M
Other income, net$1.4M$1.3M
Total non-interest income$3.6M$3.6M
Salaries and employee benefits$15.3M$15.5M
Net occupancy and equipment$3.8M$3.8M
Computer services$1.7M$1.7M
Insurance expense and assessments$1.4M$1.5M
Fees for professional services$1.3M$1.2M
Other expense$5.5M$4.8M
Total non-interest expense$29.1M$28.4M
Income before income taxes$7.9M$10.8M
Provision for income taxes$1.9M$2.6M
Net income$6.0M$8.2M
Basic net income per share$1.03$1.40
Diluted net income per share$1.00$1.33
Dividends per share$0.28$0.22

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Corporate structure

FIRST US BANCSHARES, INC. sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of FIRST US BANCSHARES, INC.

  • Charles C. Anderson Filed SCHEDULE 13D/A on FIRST US BANCSHARES, INC., latest Aug 28, 2026 (3 filings since Jan 5, 2024)
  • Jeffrey L. Gendell Filed SC 13G/A on FIRST US BANCSHARES, INC., latest Nov 13, 2024 (2 filings since Feb 1, 2024)
  • FIRST US BANCSHARES, INC. Birmingham, Alabama, United States
    • First US Bank Subsidiary · Birmingham, Alabama, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What FIRST US BANCSHARES, INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$50.8M6 Dec 31, 2025$48.1M6 Dec 31, 2024+5.7%
Accumulated depreciation$24.5M6 Dec 31, 2025$23.2M6 Dec 31, 2024+5.3%
Property and equipment, net$26.3M6 Dec 31, 2025$24.8M6 Dec 31, 2024+6.0%
Operating-lease assets (leased space)$1.6M6 Dec 31, 2025$1.9M6 Dec 31, 2024−17.7%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$73.5M6 Dec 31, 2025$47.2M6 Dec 31, 2024+55.8%
Debt securities available for sale$168.1M6 Dec 31, 2025$167.9M6 Dec 31, 2024+0.1%
Debt securities held to maturity$465.0K6 Dec 31, 2025$682.0K6 Dec 31, 2024−31.8%
Loans, net of allowance$842.3M6 Dec 31, 2025$812.9M6 Dec 31, 2024+3.6%
Deposits held (banks)$1.0B6 Dec 31, 2025$972.6M6 Dec 31, 2024+5.7%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$7.4M6 Dec 31, 2025$7.4M6 Dec 31, 20240%
Finite-lived intangibles, gross$2.0M6 Dec 31, 2025$2.0M6 Dec 31, 20240%
Accumulated amortization$2.0M6 Dec 31, 2025$2.0M6 Dec 31, 2024+2.5%
Finite-lived intangibles, net$06 Dec 31, 2025$49.0K6 Dec 31, 2024−100.0%

Properties, in its own words

With the exception of its offices located in Knoxville and Powell, Tennessee, and Mobile, Alabama, which are leased, the Bank owns all of its offices, including its executive offices, without encumbrances. Bancshares does not separately own any property, and to the extent that its activities require the use of physical office facilities, such activities are conducted at the offices of the Bank. We believe that our properties are sufficient for our operations at the current time.

Item 2 of the 10-K filed Mar 12, 2026.5

Leadership

Who has led FIRST US BANCSHARES, INC., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. R. Terry Phillips2006–2011
  2. James F. House2011–now

Chair

  1. James F. House2025–now

President

  1. R. Terry Phillips2006–2011
  2. James F. House2011–now

Chief financial officer

  1. Thomas S. Elley2013–now
2010201520202025
Board members and other officers (37)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive OfficerWilliam C. Mitchell named Oct 5, 202153
  • DirectorDavid P. Hale named Oct 5, 202153
  • DirectorJ. Lee McPhearson named Oct 5, 202153

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • First US Bank Alabama4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • FIRST US BANCSHARES INCOct 27, 2016 to Sep 3, 20213
  • UNITED SECURITY BANCSHARES INCApr 11, 1995 to Oct 11, 20163

Timeline

  1. Jul 29, 20268-K Results of operations54
  2. Jul 29, 20268-K Regulation FD disclosure55
  3. May 4, 20268-K Shareholder vote56
  4. Apr 29, 20268-K Results of operations57
  5. Apr 29, 20268-K Regulation FD disclosure58
  6. Feb 12, 20268-K Executive or director change59
  7. Jan 28, 20268-K Results of operations60
  8. Jan 28, 20268-K Regulation FD disclosure61
  9. Oct 29, 20258-K Results of operations62
  10. Oct 29, 20258-K Regulation FD disclosure63
  11. Aug 28, 20258-K Entered a material agreement; Executive or director change; Other events64
  12. Jul 30, 20258-K Results of operations65
  13. Nov 7, 2011New chief executive James F. House becomes CEO14
  14. May 2, 2006New chief executive R. Terry Phillips becomes CEO15
  15. Jun 4, 1999Founded FIRST US BANCSHARES, INC. is founded2

Calendar

Coming up

  1. Nov 4, 2026Reports results for the quarter ending Sep/202666

When it reported results

  1. Jul 29, 2026Reported quarterly or annual results54
  2. Apr 29, 2026Reported quarterly or annual results57
  3. Jan 28, 2026Reported quarterly or annual results60
  4. Oct 29, 2025Reported quarterly or annual results62
  5. Jul 30, 2025Reported quarterly or annual results65
  6. Apr 30, 2025Reported quarterly or annual results67
  7. Jan 27, 2025Reported quarterly or annual results68
  8. Oct 24, 2024Reported quarterly or annual results69

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

447 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 66 major events, 338 insider forms, 5 large holders, 1 private raises, 17 other. The latest 20:

  1. Oct 1, 20264 EDGAR
  2. Oct 1, 20264 EDGAR
  3. Oct 1, 20264 EDGAR
  4. Oct 1, 20264 EDGAR
  5. Oct 1, 20264 EDGAR
  6. Oct 1, 20264 EDGAR
  7. Oct 1, 20264 EDGAR
  8. Oct 1, 20264 EDGAR
  9. Sep 11, 20264 EDGAR
  10. Sep 10, 20264 EDGAR
  11. Sep 4, 20264 EDGAR
  12. Sep 4, 20264 EDGAR
  13. Sep 3, 20264 EDGAR
  14. Aug 28, 2026SCHEDULE 13D/A EDGAR
  15. Aug 7, 20264 EDGAR
  16. Aug 6, 202610-Q EDGAR
  17. Aug 5, 20264 EDGAR
  18. Jul 29, 20268-K EDGAR
  19. Jul 29, 20268-K EDGAR
  20. Jul 9, 20264 EDGAR

The 447 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

61 open-market trades by officers, directors and large owners since October 2021: 48 buys and 13 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 11, 2026FIELD Robert CDirectorBuy238$16.45$3.9KForm 4
Sep 10, 2026FIELD Robert CDirectorBuy669$16.46$11.0KForm 4
Sep 9, 2026FIELD Robert CDirectorBuy877$16.47$14.4KForm 4
Sep 8, 2026FIELD Robert CDirectorBuy284$16.47$4.7KForm 4
Sep 4, 2026FIELD Robert CDirectorBuy113$16.45$1.9KForm 4
Sep 3, 2026FIELD Robert CDirectorBuy412$16.40$6.8KForm 4
Sep 2, 2026FIELD Robert CDirectorBuy288$16.40$4.7KForm 4
Sep 1, 2026FIELD Robert CDirectorBuy3,300$16.39$54.1KForm 4
Aug 7, 2026Pierce StaciDirectorBuy245$16.51$4.0KForm 4
Aug 4, 2026Pierce StaciDirectorBuy619$16.48$10.2KForm 4
Aug 3, 2026Pierce StaciDirectorBuy136$16.53$2.2KForm 4
Feb 18, 2026McPhearson John LeeDirectorBuy1,500$8.30$12.4KForm 4
Feb 18, 2026McPhearson John LeeDirectorSale1,500$8.30$12.4KForm 4
Dec 3, 2025Pierce StaciDirectorBuy750$13.74$10.3KForm 4
Dec 1, 2025FIELD Robert CDirectorBuy1,000$13.61$13.6KForm 4
Nov 26, 2025FIELD Robert CDirectorBuy3,000$13.59$40.8KForm 4
Nov 25, 2025FIELD Robert CDirectorBuy4,005$13.71$54.9KForm 4
Nov 25, 2025Gordon Stephen NathanielDirectorBuy1,000$13.80$13.8KForm 4
Nov 21, 2025Pierce StaciDirectorBuy250$13.83$3.5KForm 4
Nov 20, 2025FIELD Robert CDirectorBuy55$13.69$753Form 4

All 61 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

  • Charles C. AndersonSCHEDULE 13D/A, 3 filings Jan 5, 2024 to Aug 28, 202670
  • Jeffrey L. GendellSC 13G/A, 2 filings Feb 1, 2024 to Nov 13, 202471

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025James F. House$412.0K$580.9K72
2025William C. Mitchell$266.7K$383.5K72
2025Thomas S. Elley$280.0K$381.8K72
2024President and Chief Executive Officer of the Company and the Bank$400.0K$644.2K72
2024Senior Executive Vice PresidentChief Financial Officer, Treasurer and Assistant Secretary of the Company$273.2K$413.4K72

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Oct 1, 2021Raised $11 million in a private offering of debt Form D: $15 million offered in all Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 28. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Gendell Jeffrey L397,454$6.6M0.1%No change
Vanguard Capital Management LLC106,184$1.8M0.0%+12,533
Renaissance Technologies LLC79,321$1.3M0.0%−3,000
Geode Capital Management, LLC58,636$970.7K0.0%+1,657
Pinnacle Holdings, LLC52,737$872.8K0.3%−135
Regions Financial Corp49,766$823.6K0.0%−3,574
Northern Trust Corp34,280$567.3K0.0%−12,263
Dimensional Fund Advisors LP33,060$547.1K0.0%No change
Vanguard Fiduciary Trust Co31,074$514.3K0.0%+212
BlackRock, Inc.29,374$486.1K0.0%+4,600
Blair William & Co/il19,000$314.4K0.0%No change
Bridgeway Capital Management, LLC17,258$285.6K0.0%+988
Citadel Advisors LLC16,388$271.2K0.0%+1,481
Susquehanna International Group, Llp15,480$256.2K0.0%−5,350
Aptus Capital Advisors, LLC14,809$246.1K0.0%New
Daytona Street Capital LLC12,100$204.7K0.1%No change
Diversified Enterprises, LLC11,493$190.2K0.0%No change
Bank Of America Corp /de/11,247$186.1K0.0%No change
Empowered Funds, LLC10,790$178.6K0.0%New
EverSource Wealth Advisors, LLC4,966$82.2K0.0%−4,966
Vanguard Global Advisers, LLC2,625$43.4K0.0%No change
Royal Bank Of Canada1,000$17.0K0.0%No change
Tower Research Capital LLC (TRC)197$3.3K0.0%−79
Price T Rowe Associates Inc /md/25,753$4270.0%+5,339
Barclays PLC8$1320.0%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How FIRST US BANCSHARES, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARFIRST US BANCSHARES, INC.1
  • CIK0000717806
  • Employer ID (EIN)63-08433625
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company5
  • Incorporated inDelaware5
  • Fiscal year endsDecember 311
  • Industry code (SIC)6022 State Commercial Banks1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address3291 U.S. Highway 280, Birmingham, AL 352431
  • Phone20558210841
  • Shares outstanding5,504,709 as of Jul 31, 202613
  • Public float$67.9M as of Jun 30, 20255
  • AuditorCarr, Riggs & Ingram, LLC, Atlanta, Georgia, United States PCAOB ID 213; no auditor attestation of internal control over financial reporting5
  • On EDGAR sinceApr 3, 19951
  • Filings1,783 in all: 4 (1,237), 8-K (222), 10-Q (95), 11-K (35), DEF 14A (31), 10-K (30), 3 (27), ARS (19)1
    All 35 form types

    4/A (15), 8-K/A (9), S-8 (8), UPLOAD (7), CORRESP (6), SC 13G (5), DEFA14A (4), 10-K/A (3), DEFR14A (3), S-4/A (3), 10-Q/A (2), 3/A (2), 5 (2), D (2), NT 10-Q (2), PRE 14A (2), SCHEDULE 13D/A (2), 10-K405 (1), 144 (1), 424B1 (1), 424B3 (1), NT 10-Q/A (1), S-3 (1), S-3/A (1), S-4 (1), SC 13D (1), SC 13G/A (1)

  • Latest filingsAnnual report (10-K) Mar 12, 2026
    Quarterly report (10-Q) Aug 6, 2026
    Proxy statement (DEF 14A) Mar 18, 2026
    Latest 8-K (8-K) Jul 29, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.01 per shareFUSBThe Nasdaq Stock Market LLC

From the cover page of the 10-K filed Mar 12, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks FIRST US BANCSHARES, INC. names in Item 1A of its 10-K filed Mar 12, 2026: 37 risks under these headings, as written.5

  • Making or continuing an investment in our common stock involves certain risks that you should carefully consider. The risks and uncertainties described below are not the only risks that may have a material adverse effect on us. Additional risks and uncertainties also could adversely affect our business, consolidated financial condition, results of operations and cash flows. If any of
  • Risks Related to Credit and Liquidity
  • If loan losses are greater than anticipated, our earnings may be adversely affected.
  • CRE lending may expose us to increased lending risks.
  • Weakness in the residential real estate markets could adversely affect our performance.
  • Liquidity risks could affect our operations and jeopardize our financial condition.
  • Risks Related to Our Market and Industry
  • Our business and operations may be materially adversely affected by national and local market economic conditions.
  • Significant changes to the size, structure, powers and operations of the federal government may cause economic disruptions that could, in turn, adversely impact our business, results of operations and financial condition.
  • Digital banking trends may create deposit volatility, which could adversely affect our operations, profitability and competitive position.
  • The banking industry is highly competitive, which could result in loss of market share and adversely affect our business.
  • Rapid and significant changes in market interest rates may adversely affect our performance.
The other 27 risks
  • The performance of our investment portfolio is subject to fluctuations due to changes in interest rates and market conditions.
  • Fiscal challenges facing the U.S. government could negatively impact financial markets which in turn could have an adverse effect on our financial position or results of operations.
  • Any government shutdown could adversely affect the U.S. and global economy and our liquidity, financial condition and earnings.
  • Changes in the policies of monetary authorities and other government action could adversely affect our profitability.
  • Risks Related to Privacy and Technology
  • Technological changes in the banking and financial services industries may negatively impact our results of operations and our ability to compete.
  • Our information systems may experience a failure or interruption.
  • We use information technology in our operations and offer online banking services to our customers, and unauthorized access to our customers’ confidential or proprietary information as a result of a cyber-attack or otherwise could expose us to reputational harm and litigation and adversely affect our ability to attract and retain customers.
  • We depend on outside third parties for the processing and handling of our records and data, which exposes us to additional risk for cybersecurity breaches and regulatory action.
  • The development and use of Artificial Intelligence (“AI”) presents risks and challenges that may adversely impact our business.
  • Risks Related to Legal, Reputational and Compliance Matters
  • We are subject to extensive governmental regulation, and the costs of complying with such regulation could have an adverse impact on our operations.
  • We are subject to laws regarding the privacy, information security and protection of personal information, and any violation of these laws or unauthorized disclosure of such information could damage our reputation and otherwise adversely affect our operations and financial condition.
  • Our FDIC deposit insurance premiums and assessments may increase and thereby adversely affect our financial results.
  • We face a risk of noncompliance and enforcement action under the Bank Secrecy Act and other anti-money laundering statutes and regulations.
  • We are subject to numerous laws designed to protect consumers, including the CRA and fair lending laws, and a failure to comply with these laws could lead to a wide variety of sanctions.
  • Bancshares’ liquidity is subject to various regulatory restrictions applicable to its subsidiary.
  • The internal controls that we have implemented to mitigate risks inherent to the business of banking might fail or be circumvented.
  • Changes in tax laws and interpretations and tax challenges may adversely affect our financial results.
  • Climate change and related legislative and regulatory initiatives may result in operational changes and expenditures that could significantly impact the Company’s business.
  • Risks Related to Strategic Planning
  • We intend to engage in acquisitions of other banking institutions from time to time. These acquisitions may not produce revenue or earnings enhancements or cost savings at levels, or within time frames, originally anticipated and may result in unforeseen integration difficulties.
  • We may not be able to maintain consistent growth, earnings or profitability.
  • General Risks
  • We cannot guarantee that we will pay dividends in the future.
  • Extreme weather could cause a disruption in our operations, which could have an adverse impact on our profitability.
  • Securities issued by us, including our common stock, are not insured.
  • Future issuances of additional securities by us could result in dilution of your ownership.
  • Our common stock price could be volatile, which could result in losses for individual shareholders.
  • Our performance and results of operations depend in part on the soundness of other financial institutions.
  • We depend on the services of our management team and board of directors, and the unexpected loss of key officers or directors may adversely affect our operations.

Legal proceedings

We are party to certain ordinary course litigation, and we intend to vigorously defend ourselves in all such litigation. In the opinion of management, based on a review and consultation with our legal counsel, the outcome of such ordinary course litigation should not have a material adverse effect on our consolidated financial statements or results of operation.

The opening of Item 3, Legal Proceedings.5

Sources

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