What factors influenced FUSB's EPS in Q1 2024?

First US Bancshares (FUSB) reported an EPS of $0.34 for Q1 2024. The following factors influenced FUSB's EPS in Q1 2024:

1. **Credit Risk and Economic Conditions**: FUSB's EPS is influenced by the risk related to the Company's credit, including the potential for loan losses that may be greater than anticipated. Additionally, the impact of national and local market conditions on the Company's business and operations, as well as the rate of growth (or lack thereof) in the economy generally and in the Company's specific markets, can affect EPS.
2. **Interest Income and Expense**: The Company's net interest income, which is a significant component of its revenue, can impact EPS. In Q1 2024, FUSB had a net interest income of $9.91 million. The interest income and expense figures for the quarter were $13.945 million and $4.835 million, respectively. The balance between these two figures significantly influences the net interest income and, consequently, the EPS.
3. **Non-Interest Income and Expense**: FUSB's non-interest income, which includes fees from services offered to customers, can contribute to EPS. In Q1 2024, the Company reported a non-interest income of $916,000. On the other hand, non-interest expenses, such as those related to personnel and operational costs, can negatively impact EPS. FUSB's non-interest expenses for the quarter were $7.401 million.
4. **Provision for Credit Losses**: The provision for (recovery of) credit losses, which is the amount set aside by the Company to cover potential loan losses, can affect EPS. In Q1 2024, FUSB had a provision for credit losses of $434,000. This figure, along with the actual loan losses incurred during the quarter, influences the net income and, subsequently, the EPS.
5. **Dividend Payments**: While not directly impacting EPS, the dividend payments made by FUSB can affect the company's retained earnings, which, in turn, can influence its ability to generate income and, consequently, the EPS. FUSB declared a cash dividend of $0.05 per share in Q1 2024, payable on April 1, 2024.

In conclusion, FUSB's EPS in Q1 2024 was influenced by a combination of factors, including credit risk, interest income and expense, non-interest income and expense, provision for credit losses, and dividend payments. These factors, either directly or indirectly, impact the Company's net income, which is the primary determinant of its EPS.