FUSB 8-K Filed 2026-07-29 Execution disclosure

First US Bancshares repurchased 91K shares at $15.83 in Q2 2026

237,500 shares repurchased in H1 2026 under expanded program; 1.5M shares remain authorized

Shares repurchased238K
Avg price paid$15.33
MechanismNot specified

What the filing says

First US Bancshares, Inc. (Nasdaq: FUSB) repurchased 91,000 shares of common stock during the second quarter of 2026 at a weighted average price of $15.83 per share. For the six-month period ended June 30, 2026, the Company completed repurchases of 237,500 shares at a weighted average price of $15.33 per share, all executed under the Company's previously announced share repurchase program, which was expanded in 2025.

As of June 30, 2026, 1,547,313 shares remained available for repurchase under the program. The Company noted in its earnings commentary that share repurchases, combined with changes in accumulated other comprehensive loss resulting from the increasing interest rate environment and the sale of investment securities, fully offset the increase in shareholders' equity that resulted from earnings net of dividends paid during the six-month period.

The execution mechanism was not explicitly specified in the filing. The repurchases were disclosed in the Company's Q2 2026 earnings release filed as Exhibit 99.1 to the 8-K, with no separate authorization action or amendment documented in this filing.

During 2Q2026, the Company completed the repurchase of 91,000 shares of its common stock at a weighted average price of $15.83 per share, bringing total share repurchases for the six months ended June 30, 2026 to 237,500 shares at a weighted average price of $15.33 per share. All repurchases were completed under the Company's previously announced share repurchase program, which was expanded in 2025. As of June 30, 2026, 1,547,313 shares remained available for repurchase under the program. — FIRST US BANCSHARES, INC. 8-K filing  ·  View on SEC EDGAR →

What this means

First US Bancshares executed 237,500 share repurchases in the first half of 2026 under a program expanded in 2025, with approximately 1.55 million shares still available for repurchase. At the $15.33 average price, the company spent roughly $3.6 million on buybacks during H1 2026. The repurchases offset earnings accretion on a per-share basis; management disclosed that buybacks, combined with mark-to-market losses on securities and unrealized losses on the investment portfolio, fully offset the net income retained after dividends. This reflects a modest capital return posture for a company with $1.1 billion in assets and a 9.09% equity-to-assets ratio as of June 30, 2026.

Frequently asked questions

How many shares did FUSB repurchase in the first half of 2026?
First US Bancshares repurchased 237,500 shares during the six months ended June 30, 2026, at a weighted average price of $15.33 per share. This included 91,000 shares in Q2 2026 alone at $15.83 per share.
What authorization remains under FUSB's share repurchase program?
As of June 30, 2026, 1,547,313 shares remained available for repurchase under the Company's previously announced share repurchase program, which was expanded in 2025. The filing does not specify the total dollar authorization or when the program expires.
How do FUSB's share buybacks affect shareholder value per share?
While buybacks mechanically reduce share count, First US Bancshares noted that repurchases in H1 2026 were offset by other factors, including mark-to-market losses on the investment securities portfolio and changes in accumulated comprehensive loss. The company's equity per share remained relatively flat over the period despite net income earned.
What execution mechanism does FUSB use for share repurchases?
The filing does not specify whether repurchases occurred under Rule 10b-18 open-market purchases, a 10b5-1 plan, an accelerated share repurchase agreement, or another mechanism. Only the execution results and authorization status are disclosed.
Why did FUSB expand its share repurchase program in 2025?
The filing does not provide management commentary on the rationale for the 2025 expansion. The company notes only that the program was 'previously announced' and expanded in 2025, without discussing capital allocation strategy or market conditions that prompted the expansion.
How significant are FUSB's share repurchases relative to its market capitalization?
At June 30, 2026, FUSB had approximately 5.52 million shares outstanding at a book value per share of $18.88. H1 2026 repurchases of 237,500 shares at $15.33 per share represent approximately $3.6 million in capital deployed, which is modest relative to the company's $104.3 million total shareholders' equity and $1.1 billion asset base.
execution community-bank rule-10b-18-likely mid-cap H1-2026
Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.