NasdaqCM:FUSB

Stock Analysis Report

Executive Summary

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

Snowflake

Flawless balance sheet and slightly overvalued.


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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.5%

FUSB

0.1%

US Banks

0.5%

US Market


1 Year Return

16.9%

FUSB

10.6%

US Banks

16.1%

US Market

Return vs Industry: FUSB exceeded the US Banks industry which returned 10.6% over the past year.

Return vs Market: FUSB matched the US Market which returned 16.1% over the past year.


Shareholder returns

FUSBIndustryMarket
7 Day-1.5%0.1%0.5%
30 Day12.2%4.1%3.9%
90 Day9.6%15.7%6.6%
1 Year17.9%16.9%13.9%10.6%18.7%16.1%
3 Year-2.6%-4.8%37.0%27.5%47.2%37.7%
5 Year22.5%17.6%70.7%51.9%61.5%43.7%

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?

13.65x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate FUSB's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate FUSB's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: FUSB is poor value based on its PE Ratio (13.7x) compared to the Banks industry average (12.6x).

PE vs Market: FUSB is good value based on its PE Ratio (13.7x) compared to the US market (18x).


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 (0.8x) compared to the US Banks industry average (1.2x).


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?

0.3%

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?

-11.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FUSB has high quality earnings.

Growing Profit Margin: FUSB became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: FUSB's earnings have declined by -11.1% per year over the past 5 years.

Accelerating Growth: FUSB has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: FUSB has become profitable in the last year, making it difficult to compare its past year earnings growth to the Banks industry (27.3%).


Return on Equity

High ROE: FUSB's Return on Equity (5.8%) is considered low.


Return on Assets


Return on Capital Employed


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

Inventory Level: FUSB has a low level of unsold assets or inventory.

Debt Coverage by Assets: FUSB's debt is covered by short term assets (assets are 95.2x debt).


Financial Institutions Analysis

Asset Level: FUSB's level of assets compared to its equity is low.

Allowance for Bad Loans: FUSB has a sufficient allowance for bad loans.

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

Loan Level: FUSB has an acceptable proportion of non-loan assets held.

Low Risk Deposits: FUSB's loans are broadly funded by customer deposits.

Level of Bad Loans: FUSB has an appropriate level of bad loans (0.26%)


Next Steps

Dividend

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

0.78%

Current Dividend Yield


Dividend Yield vs Market

company0.8%marketbottom25%1.4%markettop25%3.7%industryaverage2.8%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: FUSB's dividend (0.78%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.43%).

High Dividend: FUSB's dividend (0.78%) is low compared to the top 25% of dividend payers in the US market (3.65%).


Stability and Growth of Payments

Stable Dividend: FUSB is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: FUSB is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: FUSB is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of FUSB's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of First US Bancshares's salary, the management and board of directors tenure and is there insider trading?

8.0yrs

Average management tenure


CEO

Jim House (67yo)

8yrs

Tenure

US$621,837

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 ($USD621.84K) is about average for companies of similar size in the US market ($USD504.52K).

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


Management Age and Tenure

8.0yrs

Average Tenure

60yo

Average Age

Experienced Management: FUSB's management team is seasoned and experienced (8 years average tenure).


Board Age and Tenure

9.2yrs

Average Tenure

68.5yo

Average Age

Experienced Board: FUSB's board of directors are considered experienced (9.2 years average tenure).


Insider Trading

Insider Buying: FUSB insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$98707 Nov 19
Andrew Bearden
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares100
Max PriceUS$9.87
BuyUS$18,42007 Aug 19
Robert Briggs
EntityIndividual
Role
Vice Chairman
Vice-Chairman of the Board
Shares2,000
Max PriceUS$9.21
BuyUS$13,15602 Aug 19
David Hale
EntityIndividual
Shares1,400
Max PriceUS$9.40
BuyUS$5,00016 May 19
Thomas Elley
EntityIndividual
Role
Chief Financial Officer
CFO, Principal Accounting Officer
Shares500
Max PriceUS$10.00
BuyUS$44,00030 Nov 18
David Hale
EntityIndividual
Shares5,000
Max PriceUS$8.80

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3%.


Management Team

  • Dan Matheson (61yo)

    Senior VP & Investment Officer - First US Bank

    • Tenure: 0yrs
    • Compensation: US$97.41k
  • Jim House (67yo)

    President

    • Tenure: 8yrs
    • Compensation: US$621.84k
  • Eric Mabowitz (60yo)

    Executive VP & South Alabama Market Executive - First US Bank

    • Tenure: 0yrs
    • Compensation: US$179.24k
  • Beverly Dozier (54yo)

    VP, Secretary & Assistant Treasurer

    • Tenure: 0yrs
  • Chris Mitchell (53yo)

    President & CEO of Acceptance Loan Company

    • Tenure: 11.8yrs
    • Compensation: US$330.55k
  • Anthony Cashio (69yo)

    Executive VP & Chief Risk Officer of First US Bank

    • Tenure: 0yrs
    • Compensation: US$234.66k
  • Tom Elley (47yo)

    CFO, Principal Accounting Officer

    • Tenure: 6.1yrs
    • Compensation: US$354.76k

Board Members

  • Andy Bearden (72yo)

    Chairman of the Board

    • Tenure: 6.5yrs
    • Compensation: US$44.97k
  • Jack Meigs (61yo)

    Independent Director

    • Tenure: 22.8yrs
    • Compensation: US$33.66k
  • John Gordon (61yo)

    Vice Chairman of the Board

    • Tenure: 6.5yrs
    • Compensation: US$38.55k
  • William Harrison (72yo)

    Independent Director

    • Tenure: 43.8yrs
    • Compensation: US$31.67k
  • Howard Whitted (74yo)

    Independent Director

    • Tenure: 34.8yrs
    • Compensation: US$36.52k
  • Bruce Wilson (64yo)

    Independent Director

    • Tenure: 22.8yrs
    • Compensation: US$44.57k
  • Jim House (67yo)

    President

    • Tenure: 8yrs
    • Compensation: US$621.84k
  • John McPhearson (65yo)

    Independent Director

    • Tenure: 10.3yrs
    • Compensation: US$43.72k
  • Steve Briggs (70yo)

    Vice-Chairman of the Board

    • Tenure: 0.8yrs
    • Compensation: US$34.62k
  • Donna Smith (70yo)

    Independent Director

    • Tenure: 5.1yrs
    • Compensation: US$34.86k

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$64.089m
  • Shares outstanding: 6.22m
  • 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. The company accepts deposit products, such as non-interest-bearing d ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/20 23:44
End of Day Share Price2019/11/20 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.