First US Bancshares Q2 profit rises on loan growth, lower deposit costs

First US Bancshares

29/07/2026 21:33

Overview
US regional bank's Q2 net income rose sharply yr/yr, driven by lower credit loss provisions
Net interest income and margin increased from Q1, supported by loan growth and lower deposit costs
Company repurchased 91,000 shares in Q2 and opened a new banking center in Alabama

Outlook
Company says geopolitical and economic environments remain uncertain

Result Drivers
LOAN GROWTH - Co said loan growth in construction and indirect consumer lending portfolios drove results
DEPOSIT COST MANAGEMENT - Margin improvement from Q1 attributed to managing deposit costs downward
SECURITIES GAINS - Non-interest income increased due to gains on sale of investment securities

Company press release: ID:nPn75Wx3a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
 
$0.31
 
Q2 Net Interest Income
 
$9.50 mln
 
Q2 Basic EPS
 
$0.31
 
Q2 Net Interest Margin
 
3.56%
 

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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.)