First US Bancshares Unveils New Executive Incentive Program

First US Bancshares Inc (FUSB) has released an update.

First US Bancshares, Inc. has launched a new cash incentive program for 2024 targeting its top executives and key personnel, with bonuses tied to the company’s financial performance, including pre-tax income and return on assets and equity. The program offers varying levels of cash rewards based on set targets, with the possibility of adjustments for exceptional events or regulatory impacts. Executives stand to earn incentives ranging up to 150% of their target if optimum performance levels are met, with discretionary factors also influencing the bonus outcomes.

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