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Rbb Bancorp  (RBB)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 
Price: $17.1600 $0.36 2.143%
Day's High: $17.2 Week Perf: -1.44 %
Day's Low: $ 16.68 30 Day Perf: -3.76 %
Volume (M): 141 52 Wk High: $ 20.22
Volume (M$): $ 2,425 52 Wk Avg: $14.50
Open: $16.68 52 Wk Low: $8.62



 Market Capitalization (Millions $) 325
 Shares Outstanding (Millions) 19
 Employees 496
 Revenues (TTM) (Millions $) 131
 Net Income (TTM) (Millions $) 42
 Cash Flow (TTM) (Millions $) 348
 Capital Exp. (TTM) (Millions $) 1

Rbb Bancorp
RBB Bancorp, also known as Royal Business Bank, is a publicly traded financial services institution headquartered in Los Angeles, California. It was founded in 2008 and has since grown to become one of the largest community banks in the United States, with operations across a range of states including California, New York, and Texas.

RBB Bancorp provides a wide range of financial services to commercial and individual customers, including loans and deposit accounts. Its commercial lending division offers loans for commercial real estate, small business administration, and other types of business financing. The bank's retail banking division provides checking and savings accounts, certificates of deposit, and money market accounts among other types of financial services.

The company also offers a variety of other services, such as treasury management, online banking, mobile banking, and foreign exchange services. Additionally, RBB Bancorp offers investment and wealth management services through its subsidiary, Royal Business Financial.

RBB Bancorp places a strong emphasis on serving diverse communities and offering personalized customer experiences. It has established relationships with various organizations that serve the Chinese-American and Korean-American communities, and has worked to provide financial resources and education to individuals and businesses in underserved communities.

As of 2021, RBB Bancorp had assets of approximately $5.7 billion, making it a significant player in the financial services industry. The company is traded on the NASDAQ under the ticker symbol RBB.


   Company Address: 1055 Wilshire Blvd., 12th floor Los Angeles 90017 CA
   Company Phone Number: 627-9888   Stock Exchange / Ticker: NASDAQ RBB
   RBB is expected to report next financial results on April 06, 2024.


   

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Rbb Bancorp

RBB Bancorp reports a 15.115% revenue decline in Q4 20232.

The stock market is always a rollercoaster ride for investors, with companies constantly revealing their financial performance through quarterly reports. One such company that recently disclosed its fourth quarter of 2023 financial results is RBB Bancorp. The company reported a soft top and bottom-line, with a decline in both income per share and revenue year on year.
In the fourth quarter of 2023, RBB Bancorp's income per share dropped by -31.36% to $0.64 from $0.93 in the comparable period in 2022. Revenue also fell by -15.115% to $33.49 million from $39.46 million in the previous year. Despite this dip, it is essential to note that from preceding times, RBB Bancorp's EPS saw a significant increase of 42.05% from $0.45 per share, and revenue improved by 15.656% from $28.96 million.

Stock Transactions

RBB Bancorp's Stock Repurchase Program Signals Confidence in Future Growth

Published Thu, Feb 29 2024 2:00 PM UTC

RBB Bancorp to Repurchase Stock, Bolstering Confidence in Company's Future
LOS ANGELES - RBB Bancorp (NASDAQ: RBB), a leading financial holding company, has announced a significant move to enhance shareholder value by initiating a stock repurchase program. The program, authorized by the Company's Board of Directors, allows RBB Bancorp to buy back up to 1,000,000 shares ...

Dividend

RBB Bancorp Stays Committed to Shareholders with Cash Dividend Amidst Stock Challenges

Published Thu, Jan 18 2024 9:05 PM UTC

LOS ANGELES RBB Bancorp Declares Cash Dividend Amidst Challenging Stock Performance
RBB Bancorp, the Los Angeles-based bank holding company, has recently announced the declaration of a quarterly cash dividend of $0.16 per common share. The dividend is set to be paid on February 9, 2024, to common shareholders of record as of January 31, 2024. Despite facing challenges in...

Management Changes

RBB Bancorp Appoints Lynn Hopkins as Interim EVP and CFO, Reveals Decline in ROI in the Third Quarter of 2023

Published Mon, Dec 11 2023 1:30 PM UTC


LOS ANGELES - RBB Bancorp (NASDAQ: RBB) is delighted to announce the appointment of Ms. Lynn M. Hopkins as the Interim Executive Vice President and Chief Financial Officer of Royal Business Bank (the Bank) and RBB Bancorp. Effective from December 7, 2023, Ms. Hopkins brings with her over 30 years of experience in the financial services industry, including expertise as a...

Rbb Bancorp

Rbb Bancorp Defies Expectations with Impressive Three-Month Surge in Q3 2023 Earnings Season



RBB Bancorp, the parent company of Royal Business Bank and RBB Asset Management Company, recently released its financial results for the third quarter of 2023. The earnings season showed concerning figures across various aspects of the company's performance, including net profit, income, and revenue. These results have raised concerns among investors and analysts.
Key Points:
1. Net Profit: RBB Bancorp witnessed a significant decline in net profit per share, plummeting by -48.28% to $0.45 per share compared to $0.87 in the same quarter a year ago. This decline indicates a worsening financial performance for the company.
2. Income: The company's income also saw a negative impact, fading by -22.41% from the previous quarter to $0.58 per share. This indicates that RBB Bancorp's ability to generate revenues has decreased over the past quarter.
3. Revenue: RBB Bancorp experienced a substantial decline in revenue, crumbling by -27.139% to $28.96 million compared to $39.75 million in the same quarter of the previous year. Sequentially, revenue deteriorated by -14.921% from $34.04 million. These figures highlight a significant decline in the company's overall sales and highlight potential challenges in their business operations.
4. Net Profits: Net profits for the third quarter of 2023 earnings season also fell by -49.12% to $8.473 million compared to $16.652 million in the corresponding period a year ago. These declining net profits indicate a decrease in the company's overall profitability.
5. Profitability Ratios: RBB Bancorp's operating margin and net margin also witnessed a decline. The operating margin decreased to 41.73%, and the net margin shrank to 29.26%. This decline in profitability ratios suggests that the company is facing challenges in managing its costs and maintaining profitability.
6. Operating Earnings: Operating earnings fell by -47.57% to $12.084 million, resulting in the operating margin shrinking from 57.99% in Q3 2022 to 41.73% in Q3 2023. This decline in operating earnings further highlights the company's struggling financial performance.
7. Accounts Receivable: According to the financial results, accounts receivable declined to $3,078.5 million from the previous quarter. However, it is higher than the same period a year ago. This suggests that the company is still facing challenges in collecting payments from its customers.
8. Future Expectations: RBB Bancorp is expected to release its next financial report on December 22, 2023. Investors and analysts will closely monitor these results to assess the company's performance and gain insights into its turnaround efforts.






 

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Earnings Outlook
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