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Cbb Bancorp - CBBI STOCK NEWS

Welcome to our dedicated page for Cbb Bancorp news (Ticker: CBBI), a resource for investors and traders seeking the latest updates and insights on Cbb Bancorp stock.

CBB BANCORP INC (CBBI) is a financial holding company headquartered in Los Angeles, California. The company primarily operates through its subsidiary, Commonwealth Business Bank, which serves the banking needs of small to medium-sized businesses and commercial real estate borrowers. With a focus on providing personalized banking services, CBBI offers a range of financial products including checking and savings accounts, loans, and cash management services.

Recently, CBBI has been actively expanding its market reach and enhancing its digital banking platform to better serve its clients. The company's commitment to innovation and customer satisfaction has led to a steady growth in its client base and financial performance. In addition to traditional banking services, CBBI offers specialized financial solutions such as equipment financing, SBA loans, and trade finance services.

Financially, CBBI is known for its strong balance sheet and prudent risk management practices. The company has consistently reported solid earnings and maintained a robust capital position. Strategic partnerships with fintech companies and other financial institutions have also enabled CBBI to diversify its product offerings and enter new markets.

CBBI's latest projects include the expansion of its digital banking capabilities and the introduction of new loan products tailored to the needs of small business owners. The company is also focused on sustainable growth and community development, regularly participating in local community initiatives and supporting economic growth in its service areas.

Overall, CBB BANCORP INC is a dynamic and forward-thinking financial institution dedicated to providing comprehensive banking solutions to its clients. Through continuous innovation and a customer-centric approach, CBBI aims to remain a key player in the financial services industry.

News

CBB Bancorp, Inc. Announces Addition of Douglas Goddard to Board of Directors

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CBB Bancorp, Inc. appoints Douglas Goddard to its Board of Directors and subsidiary bank, bringing over 40 years of financial management experience to the company.
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CBB Bancorp Declares Quarterly Cash Dividend of $.08 per share

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CBB Bancorp, Inc. (CBBI) declared a quarterly cash dividend of $0.08 per common share, payable on February 23, 2024, to stockholders of record as of February 09, 2024.
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CBB Bancorp, Inc. Reports Fourth Quarter 2023 Financial Results

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CBB Bancorp, Inc. announced net income of $7.0 million for Q4 2023, a 5.0% increase from the previous quarter. The net interest margin was 3.86%, down from 4.01% in Q3 2023. The Bank's liquidity, credit, and capital metrics were strong in 2023, with a 3.4% increase in net income for the year. Noninterest income increased by $504 thousand in Q4 2023 compared to Q3 2023. Total deposits decreased by $95.7 million, or 6.2%, from Q3 2023. Stockholders' equity increased by $6.8 million, or 3.0%, from Q3 2023.
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CBB Bancorp Declares Quarterly Cash Dividend of $.08 Per Share

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CBB Bancorp, Inc. declares quarterly cash dividend of $.08 per common share.
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CBB Bancorp, Inc. Reports Third Quarter 2023 Financial Results

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CBB Bancorp, Inc. announces net income of $6.7 million for Q3 2023, a decrease of 17.1% from the previous quarter. Net interest margin decreased to 4.01% due to rising cost of deposits. Efficiency ratio increased to 52.23% due to lower gain on sale of loans. Loans receivable increased by 0.3% from the previous quarter. Deposits increased by 1.8% to $1.5 billion.
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CBB Bancorp Announces Appointment of Richard Koh as Chief Financial Officer

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CBB Bancorp, Inc. announced the appointment of Richard Koh as EVP and CFO. Koh's financial experience in community banking will support future growth and expansion.
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CBB Bancorp Declares Quarterly Cash Dividend of $.08 Per Share

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CBB Bancorp, Inc. Reports Second Quarter 2023 Financial Results

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CBB Bancorp, Inc. announced a net income of $8.1 million for Q2 2023, a 14.3% increase compared to the previous quarter. The return on average assets was 1.79% and the return on average equity was 14.76%. Net interest margin was 4.23%, with a decrease compared to the previous quarter. Noninterest income increased to $2.8 million, while noninterest expense remained relatively stable. The effective tax rate was 28.6%. Loans receivable decreased by $50.3 million, primarily due to reduced demand. Deposits decreased by $15.0 million, with a decline in noninterest-bearing demand deposits. Stockholders' equity increased to $223.3 million.
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CBB Bancorp Declares Quarterly Cash Dividend of $.08 Per Share

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CBB Bancorp, Inc. Reports First Quarter 2023 Financial Results

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FAQ

What is the current stock price of Cbb Bancorp (CBBI)?

The current stock price of Cbb Bancorp (CBBI) is $11.25 as of February 28, 2025.

What is the market cap of Cbb Bancorp (CBBI)?

The market cap of Cbb Bancorp (CBBI) is approximately 112.0M.

What does CBB BANCORP INC do?

CBB BANCORP INC is a financial holding company that operates through its subsidiary, Commonwealth Business Bank, offering a range of banking products and services.

Where is CBB BANCORP INC headquartered?

CBB BANCORP INC is headquartered in Los Angeles, California.

What services does CBB BANCORP INC offer?

CBB BANCORP INC offers checking and savings accounts, loans, equipment financing, SBA loans, trade finance services, and more.

How is CBB BANCORP INC performing financially?

CBB BANCORP INC is known for its strong balance sheet, solid earnings, and robust capital position.

What are CBB BANCORP INC's recent achievements?

Recent achievements include market expansion, enhancement of digital banking platforms, and growth in client base.

What are the current projects of CBB BANCORP INC?

Current projects include expanding digital banking capabilities and introducing new loan products for small business owners.

How does CBB BANCORP INC support the community?

CBB BANCORP INC supports the community through local initiatives and participation in economic growth activities in its service areas.

What are CBB BANCORP INC's strategic partnerships?

CBB BANCORP INC has strategic partnerships with fintech companies and other financial institutions to diversify its product offerings.

What is the customer focus of CBB BANCORP INC?

CBB BANCORP INC is customer-centric, focusing on personalized service and innovative banking solutions to meet client needs.

What is CBB BANCORP INC's approach to risk management?

CBB BANCORP INC employs prudent risk management practices to maintain financial stability and growth.
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CBBI Stock Data

112.00M
10.14M
2.04%
Banks - Regional
Financial Services
Link
United States
Los Angeles