First US Bancshares Q1 EPS rises 14% on higher interest income

First US Bancshares

29/04/2026 21:31

Overview

US regional bank's Q1 diluted EPS rose 14% yr/yr to $0.33

Q1 net interest income increased 3.6% yr/yr, while net interest margin declined to 3.37%

Company repurchased 146,500 shares under its buyback program during the quarter

Outlook

Company did not provide specific guidance for the current quarter or full year

Result Drivers

LOAN MIX SHIFT - Modest decline in total loan volume as growth in multi-family residential and indirect consumer lending was offset by decreases in construction, commercial real estate, and C&I loans

DEPOSIT GROWTH - Increase in interest-bearing demand deposits drove overall deposit growth, though competitive pressure for deposits remained

NARROWER MARGINS - Net interest margin declined due to lower loan yields following the reduction of the Federal Funds rate in late 2025

Company press release: ID:nPn9yK9Yla

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.33
Q1 Net Interest Income
$9.22 mln
Q1 Basic EPS
$0.34
Q1 Net Interest Margin
3.37%


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)