First US Bancshares

What First US Bancshares does

First US Bancshares, Inc. (NASDAQ: FUSB) is a Birmingham, Alabama-based bank holding company whose sole operating subsidiary is First US Bank, a community bank serving consumer and small-to-mid-market business customers across Alabama, Tennessee, and Virginia. As of Q1 2026 the company reported $843.7M in total loans and $1.04B in total deposits, with FY2025 net income of $6.0M ($1.00 per diluted share) and a Q1 2026 net income of $1.9M ($0.33 per diluted share), representing a 13.8% year-over-year improvement in EPS. Reported revenue is $62.99M, placing the company within the community-bank peer set in revenue scale.

The company's product set spans traditional deposit accounts, consumer loans, HELOC, and commercial lending, with the consumer-facing book supported by a 4.99% introductory six-month HELOC rate used as a customer-acquisition tool. First US Bancshares has maintained 48 consecutive quarters of dividends (13 consecutive years) and four consecutive years of dividend increases, while nonperforming assets declined to 0.14% from 0.50%, signaling a notable improvement in credit quality.

The operating model is built on a hybrid physical-and-digital distribution architecture: multi-state branch banking complemented by third-party digital platforms, including Banno for digital banking, MeridianLink for account opening, ProfitStars SmartPay for payments, and a Conversations secure chat feature. Revenue is generated principally through net interest income on the loan and securities portfolio, augmented by deposit service charges and digital-channel fee income, with go-to-market executed via the branch network in core Alabama markets, the newer Knoxville, Tennessee banking center opened in late 2024, and recent commercial-banking hires including a Birmingham Market Executive and a Commercial Loan Officer.

Name

First US Bancshares

Legal name

First US Bancshares, Inc.

Website

https://firstusbank.com

Company type

Public

Operating status

Operating

Short description

First US Bancshares (NASDAQ: FUSB) is a Birmingham, Alabama-based bank holding company operating First US Bank, a community bank serving consumer and commercial customers across Alabama, Tennessee, and Virginia with $843.7M in loans and $1.04B in deposits.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211), Offices of Bank Holding Companies (551111)

SIC

National Commercial Banks (6021), State Commercial Banks (6022)

akta.pro primary industry

Retail Lending (Personal Loans, Auto, Credit Lines) (FSABAAAB)

akta.pro secondary industries

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI), Credit Cards & Revolving Credit (FSABAAAC)

Keywords

• Community banking services
• Commercial lending
• Retail banking
• Mobile banking
• Home equity lending

Headquarters

HQ city

Birmingham

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Net Interest Income: Interest income from loan portfolio including commercial loans, home equity lines, and other lending products. Total loans of $843.7 million in Q1 2026.
2. Deposit-based Banking Fees: Fee income from deposit accounts including checking and savings accounts for personal and business customers
3. Dividend Payments: Annual dividend of $0.28 per share yielding approximately 1.8% based on stock price, representing consistent shareholder returns

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels3 records

Core offering

First US Bancshares operates First US Bank, a community bank providing personal and business deposit accounts (checking and savings), lending products (home equity lines, personal loans, commercial loans), credit cards, payment processing, and digital banking services through branches in Alabama, Tennessee, and Virginia plus mobile and online channels.

Product overview

First US Bancshares operates as a bank holding company through its subsidiary First US Bank, offering a unified full-service community banking platform. The product portfolio consists of personal banking services (checking, savings, lending, credit cards), business banking services (checking, savings, commercial lending), digital banking solutions (Anywhere Access mobile banking with Conversations secure chat feature), and payment processing services. The bank also provides home equity lines of credit and commercial banking through its Commercial Banking Anywhere portal. All services are accessible through a combination of physical banking centers across Alabama, Tennessee, and Virginia, and digital channels including mobile and online banking.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Accounts
• Personal Savings Accounts
• Business Checking Accounts
• Business Savings Accounts
• Home Equity Line of Credit (HELOC)
• Personal Lending
• Business Lending
• Credit Cards
• Anywhere Access Mobile Banking
• Commercial Banking Anywhere
• Payment Processing Services

Quantifiable outcome

• 48 consecutive quarters of dividend payments demonstrating financial stability and shareholder commitment
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature3 records

Scale indicators11 records

Recent moves7 records

Expansion highlights4 records

Broad incumbents

• SouthState Corporation: SouthState Corporation operates a regional banking franchise across the Southeast including Alabama, Tennessee, Georgia, Florida, and the Carolinas. As a larger regional competitor with overlapping Southeast geography, it provides context for competitive positioning and is relevant for valuation benchmarking against larger-scale community banks.
• Regions Financial: Regions Financial is a major regional bank headquartered in Birmingham, Alabama, offering full-service consumer and commercial banking across the Southeast. As the dominant incumbent in First US Bancshares' home market, it represents the competitive benchmark for community bank operations in Alabama and provides scale context for evaluating First US's growth potential.

Regional players

• Pinnacle Financial Partners: Pinnacle Financial Partners operates in Tennessee and several other Southeast states with a community bank model focused on relationship-based commercial and consumer banking. Direct overlap in the Tennessee market with First US Bank's Knoxville expansion, plus comparable product offerings including HELOCs, commercial lending, and digital banking.
• ServisFirst Bancshares: ServisFirst Bancshares is a Birmingham, Alabama-based bank holding company operating FirstBank, serving Alabama, Florida, Tennessee, Georgia, and other Southeast states. It is a directly comparable community/regional bank competitor with similar business mix of commercial and consumer lending plus deposit gathering, and overlap in the Birmingham market where First US Bank is headquartered.
• TowneBank: TowneBank is a community-oriented bank holding company serving Virginia, North Carolina, South Carolina, and parts of Tennessee. Comparable as a community bank with similar product offerings and overlapping Virginia market presence with First US Bancshares' branch network.

Direct peers

• Investar Holding: Investar Holding Corporation operates Investar Bank, a community bank headquartered in Louisiana with branches across the Southeast. Directly comparable as a small-cap publicly traded bank holding company with traditional deposit-gathering, commercial lending, and consumer banking products.
• National Bankshares: National Bankshares is a community bank holding company operating National Bank of Blacksburg in Virginia and surrounding states. It mirrors First US Bancshares' structure as a small-cap publicly traded bank holding company with community bank operations, deposit gathering, and traditional lending products in the Southeast US footprint.
• Southern First Bancshares: Southern First Bancshares operates Southern First Bank serving the Carolinas, Georgia, and Tennessee with a community bank model emphasizing commercial lending, retail deposits, and digital banking. Comparable in size and product mix to First US Bancshares with geographic adjacency in Tennessee.
• American National Bankshares: American National Bankshares operates American National Bank and Trust Company in Virginia and North Carolina. As a similarly sized community bank with overlapping Virginia presence and a comparable product mix of consumer/commercial lending and retail deposits, it provides a directly relevant peer comparison.

Others

• Banno (Jack Henry): Banno, a Jack Henry subsidiary, is the digital banking platform provider powering First US Bank's online and mobile banking experiences. While not a competitor, it is a key technology infrastructure dependency and provides context for the bank's digital capabilities and roadmap.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about First US Bancshares