First US Bancshares Reports Earnings Growth Driven by Lower Credit Costs

The Birmingham-based financial institution saw its diluted earnings per share reach $0.31 for the quarter ending June 30, compared to $0.03 in the second quarter of 2025. For the first half of 2026, net income totaled $3.7 million, effectively doubling the $1.9 million recorded during the first six months of the previous year.

James F. House, President and CEO, attributed the performance to robust loan growth within the bank’s construction and indirect consumer portfolios, as well as improved net interest margins following a successful effort to manage deposit costs. While the broader economic climate remains uncertain, the company expanded its physical presence by opening a new banking center in Daphne, Alabama, and securing a future site in Orange Beach. The bank continues to maintain capital ratios well above regulatory requirements for well-capitalized institutions.