NasdaqCM:FUSB

Stock Analysis Report

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Executive Summary

First US Bancshares, Inc. operates as the bank holding company for First US Bank that provides commercial banking products and services. More Details


Snowflake Analysis

Flawless balance sheet with questionable track record.


Similar Companies

Share Price & News

How has First US Bancshares's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FUSB is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: FUSB's weekly volatility (9%) has been stable over the past year.


Market Performance


7 Day Return

2.3%

FUSB

1.9%

US Banks

1.5%

US Market


1 Year Return

-15.3%

FUSB

-16.6%

US Banks

22.3%

US Market

Return vs Industry: FUSB exceeded the US Banks industry which returned -16.7% over the past year.

Return vs Market: FUSB underperformed the US Market which returned 22.1% over the past year.


Shareholder returns

FUSBIndustryMarket
7 Day2.3%1.9%1.5%
30 Day26.8%24.3%8.8%
90 Day35.5%18.9%10.8%
1 Year-14.0%-15.3%-13.5%-16.6%25.1%22.3%
3 Year-34.5%-36.4%-3.2%-11.4%49.5%39.6%
5 Year11.5%6.8%47.2%28.7%105.8%83.3%

Long-Term Price Volatility Vs. Market

How volatile is First US Bancshares's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is First US Bancshares undervalued compared to its fair value and its price relative to the market?

19.71x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FUSB ($9) is trading above our estimate of fair value ($3.39)

Significantly Below Fair Value: FUSB is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: FUSB is poor value based on its PE Ratio (19.7x) compared to the US Banks industry average (11.4x).

PE vs Market: FUSB is poor value based on its PE Ratio (19.7x) compared to the US market (19.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FUSB's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FUSB is good value based on its PB Ratio (0.6x) compared to the US Banks industry average (0.9x).


Next Steps

Future Growth

How is First US Bancshares forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

16.0%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as First US Bancshares has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has First US Bancshares performed over the past 5 years?

19.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FUSB has high quality earnings.

Growing Profit Margin: FUSB's current net profit margins (7.7%) are lower than last year (12.2%).


Past Earnings Growth Analysis

Earnings Trend: FUSB's earnings have grown by 19.2% per year over the past 5 years.

Accelerating Growth: FUSB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: FUSB had negative earnings growth (-40.6%) over the past year, making it difficult to compare to the Banks industry average (-4.1%).


Return on Equity

High ROE: FUSB's Return on Equity (3.4%) is considered low.


Next Steps

Financial Health

How is First US Bancshares's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: FUSB's Assets to Equity ratio (10x) is low.

Allowance for Bad Loans: FUSB has a sufficient allowance for bad loans (235%).

Low Risk Liabilities: 97% of FUSB's liabilities are made up of primarily low risk sources of funding.

Loan Level: FUSB has an appropriate level of Loans to Assets ratio (74%).

Low Risk Deposits: FUSB's Loans to Deposits ratio (84%) is appropriate.

Level of Bad Loans: FUSB has an appropriate level of bad loans (0.5%).


Next Steps

Dividend

What is First US Bancshares's current dividend yield, its reliability and sustainability?

1.33%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: FUSB's dividend (1.33%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.49%).

High Dividend: FUSB's dividend (1.33%) is low compared to the top 25% of dividend payers in the US market (4.1%).


Stability and Growth of Payments

Stable Dividend: FUSB's dividend payments have been volatile in the past 10 years.

Growing Dividend: FUSB's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (26.3%), FUSB's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.0yrs

Average management tenure


CEO

Jim House (68 yo)

9.08yrs

Tenure

US$541,686

Compensation

Mr. James F. House has been the President, Chief Executive Officer and Director of First US Bancshares, Inc.(formerly United Security Bancshares, Inc.) and its subsidiary First US Bank (formerly First Unit...


CEO Compensation Analysis

Compensation vs Market: Jim's total compensation ($USD541.69K) is about average for companies of similar size in the US market ($USD560.00K).

Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
James House
President9.08yrsUS$541.69k0.89%
$ 492.7k
Thomas Elley
CFO, Principal Accounting Officer7.17yrsUS$336.33k0.17%
$ 93.2k
William Mitchell
Senior Executive Vice President of Consumer Lending of First US Bank0.92yrUS$339.26k0.19%
$ 108.1k
J. Matheson
Senior VP & Investment Officer0.75yrUS$101.01kno data
Beverly Dozier
VP, Corporate Secretary & Assistant Treasurerno datano data0.47%
$ 259.8k
Eric Mabowitz
Executive VP & Chief Risk Officer of First US Bankno dataUS$179.24k0.19%
$ 104.8k
Anthony Cashio
Executive VP & Chief Risk Officer of First US Bankno dataUS$234.66kno data

4.0yrs

Average Tenure

61yo

Average Age

Experienced Management: FUSB's management team is considered experienced (4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
James House
President9.08yrsUS$541.69k0.89%
$ 492.7k
Andrew Bearden
Independent Vice-Chairman of the Board0.92yrUS$46.46k0.17%
$ 95.7k
Jack Meigs
Independent Director23.92yrsUS$34.12k0.073%
$ 40.5k
John Gordon
Independent Director23.92yrsUS$38.83k2.54%
$ 1.4m
William Harrison
Independent Director44.92yrsUS$30.75k0.93%
$ 515.9k
Howard Whitted
Independent Director35.92yrsUS$37.39k0.046%
$ 25.5k
Bruce Wilson
Independent Director23.92yrsUS$44.52k0.18%
$ 101.5k
John McPhearson
Independent Director11.42yrsUS$42.96k0.17%
$ 96.5k
Robert Briggs
Independent Chairman of the Board0.92yrUS$34.35k0.52%
$ 286.5k
Sheri Cook
Independent Director6.17yrsUS$29.61k0.046%
$ 25.8k
Aubrey Miller
Independent Director6.17yrsUS$29.07k0.046%
$ 25.8k
Donna Smith
Independent Director6.17yrsUS$36.16k0.079%
$ 43.8k

10.3yrs

Average Tenure

67.5yo

Average Age

Experienced Board: FUSB's board of directors are seasoned and experienced ( 10.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

First US Bancshares, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: First US Bancshares, Inc.
  • Ticker: FUSB
  • Exchange: NasdaqCM
  • Founded: 1952
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$55.589m
  • Shares outstanding: 6.18m
  • Website: https://www.firstusbank.com

Number of Employees


Location

  • First US Bancshares, Inc.
  • 3291 U.S. Highway 280
  • Birmingham
  • Alabama
  • 35243
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FUSBNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDJun 1997

Biography

First US Bancshares, Inc. operates as the bank holding company for First US Bank that provides commercial banking products and services. It accepts deposit products, such as non-interest-bearing demand dep...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/05 00:33
End of Day Share Price2020/12/04 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.