First US Bancshares, Inc. (FUSB) has broadened its share repurchase program, adding authorization for an additional 1,000,000 shares and extending the program’s expiration to December 31, 2026. To date, the company has repurchased 1,389,972 shares, leaving 852,813 shares available under the expanded program.
The move follows a Q3 2025 earnings report that showed net income of $1.9 million, or $0.32 per diluted share, a sequential improvement from the prior quarter but a decline from the same quarter in 2024. The bank also announced a quarterly cash dividend of $0.07 per share, marking its 46th consecutive dividend payment. These results underscore a stable capital base amid a regional banking environment that is experiencing margin compression and slower growth.
James F. House, President and Chief Executive Officer, said the company remains committed to returning capital to shareholders while maintaining a strong capital position. "We will continue to evaluate future dividend payments to ensure the Company’s shareholders are rewarded, while maintaining a strong capital base," House said.
The expansion reflects management’s confidence in FUSB’s liquidity and capital adequacy, allowing the bank to support shareholder value over a longer horizon. By extending the program into 2026, the company signals a long‑term view on capital allocation, positioning itself to respond to market volatility while preserving flexibility for future investments.
First US Bancshares has a long history of share repurchase programs, originally approved in 2006 and extended multiple times. The new authorization and extended expiration reinforce the bank’s strategy of balancing reinvestment in its core operations with consistent shareholder returns.
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