Welcome to our dedicated page for RBB news (Ticker: RBB), a resource for investors and traders seeking the latest updates and insights on RBB stock.
RBB Bancorp (NASDAQ: RBB) is a community-based financial holding company headquartered in Los Angeles, California, and the parent of Royal Business Bank and RBB Asset Management Company. Its news flow centers on commercial banking activities, capital management decisions, and performance updates for its multi-state franchise serving predominantly Asian-centric communities.
On this page, readers can follow company-issued announcements such as quarterly and annual earnings releases, where RBB Bancorp discusses net income, net interest margin, credit quality metrics, loan and deposit trends, and other key financial measures. The company also uses news releases to provide details about its conference calls and webcasts, including dial-in information and access to investor presentation materials.
RBB Bancorp’s news coverage includes dividend declarations, outlining quarterly cash dividends on its common stock and the associated record and payment dates. The company has also announced stock repurchase plans authorized by its board of directors, describing the size of the program, the permitted methods of repurchase, and the potential factors that could affect timing and volume.
Because RBB Bancorp operates Royal Business Bank, a full-service commercial bank focused on Asian-centric communities in California, Nevada, New York, New Jersey, Illinois, and Hawaii, its updates often reference community-based banking activities, loan portfolio developments, and deposit trends in these markets. Press releases may also highlight changes in nonperforming assets, special mention and substandard loans, and provisions for credit losses, providing insight into the company’s credit risk profile.
Investors and observers can use this news page to review RBB Bancorp’s official communications over time, including earnings announcements, dividend and capital actions, and other material events the company reports through GlobeNewswire and related channels.
RBB Bancorp (NASDAQ: RBB) has announced a quarterly cash dividend of $0.16 per common share, payable on May 12, 2025, to shareholders of record as of April 30, 2025.
The company, which includes Royal Business Bank and RBB Asset Management Company, reported total assets of $4.0 billion as of December 31, 2024. Royal Business Bank operates as a full-service commercial bank, primarily serving Asian-centric communities across multiple states including California, Nevada, New York, New Jersey, Illinois, and Hawaii.
The bank maintains an extensive network of 24 branches across these regions, offering services including remote deposit, E-banking, mobile banking, various loan products, trade finance, depository accounts, and wealth management services.
RBB Bancorp (NASDAQ: RBB) has announced it will release its first quarter 2025 financial results on Monday, April 28, 2025, after market close. The company will host a conference call to discuss the results on Tuesday, April 29, 2025, at 11:00 a.m. PT/2:00 p.m. ET.
As of December 31, 2024, RBB Bancorp reported total assets of $4.0 billion. The company operates through its subsidiary Royal Business Bank, providing commercial and consumer banking services primarily to Asian-centric communities across California, Nevada, New York, New Jersey, Illinois, and Hawaii. The bank maintains a network of 24 branches across these states, offering services including remote deposit, E-banking, various types of loans, trade finance, depository products, and wealth management services.
RBB Bancorp reported Q4 2024 financial results with net income of $4.4 million ($0.25 per diluted share), down from $7.0 million ($0.39 per share) in Q3 2024. For full-year 2024, net income was $26.7 million ($1.47 per share) compared to $42.5 million ($2.24 per share) in 2023.
Key Q4 metrics include:
- Net interest margin increased to 2.76% from 2.68% in Q3
- Net interest income rose to $26.0 million from $24.5 million in Q3
- Provision for credit losses increased to $6.0 million from $3.3 million in Q3
- Nonperforming assets rose to $81.0 million (2.03% of total assets)
Total assets stood at $4.0 billion, with loans held for investment at $3.1 billion. The loan-to-deposit ratio was 97.5%, and total deposits were $3.1 billion. The allowance for loan losses as a percentage of loans increased to 1.56% from 1.41% in Q3 2024.
RBB Bancorp (NASDAQ: RBB) has announced the rescheduling of its fourth quarter and fiscal year 2024 financial results release to February 3, 2025, after market close. The delay is due to the company and its advisors requiring additional time to complete quarterly and year-end analysis.
A conference call is scheduled for February 4, 2025, at 11:00 a.m. Pacific Time to discuss the results. As of September 30, 2024, RBB Bancorp reported total assets of $4.0 billion. The company operates through its subsidiary Royal Business Bank, providing banking services primarily to Asian-centric communities across multiple states including California, Nevada, New York, New Jersey, Illinois, and Hawaii. The bank maintains a network of branches across these locations, offering services including remote deposit, E-banking, various loan products, trade finance, depository accounts, and wealth management services.
RBB Bancorp (NASDAQ: RBB) has declared a quarterly cash dividend of $0.16 per common share, payable on February 12, 2025, to shareholders of record as of January 31, 2025. The company provided an update on the Los Angeles County wildfire impact, reporting no damage to its facilities or material impact on its loan portfolio. Currently, twelve properties (six commercial worth $12.5 million and six residential worth $3.4 million) near evacuation areas are being monitored, all with insurance coverage in place.
The bank has donated $30,000 to support affected low-to-moderate income communities and is providing support services to team members and customers. As of September 30, 2024, RBB Bancorp had total assets of $4.0 billion and operates through its subsidiary Royal Business Bank, serving Asian-centric communities across multiple states with 24 branches.
RBB Bancorp (NASDAQ: RBB) has announced it will release its fourth quarter and fiscal year 2024 financial results after market close on January 21, 2025. The company will host a conference call to discuss the results on January 22, 2025, at 11:00 a.m. Pacific Time.
As of September 30, 2024, RBB Bancorp reported total assets of $4.0 billion. The company operates through its subsidiary Royal Business Bank, providing commercial and consumer banking services primarily to Asian-centric communities. The bank maintains a network of branches across California, Nevada, New York, New Jersey, Illinois, and Hawaii, offering services including remote deposit, E-banking, various types of loans, trade finance, depository products, and wealth management services.
RBB Bancorp (NASDAQ: RBB) has announced key leadership changes effective January 1, 2025. Johnny Lee, currently President and Chief Banking Officer of Royal Business Bank, will become President of the Company and CEO of the Bank. He will additionally assume the role of Company CEO on May 22, 2025. David Morris will step down as Bank CEO and Company President on January 1, 2025, and retire as Company CEO on May 21, 2025, while remaining on the Boards.
Additional changes include Mina Rizkalla becoming Executive VP and Chief Risk Officer, while I-Ming Liu will transition to Executive VP and Chief of Staff. As of September 30, 2024, RBB Bancorp had total assets of $4.0 billion and operates 24 branches across California, Nevada, New York, New Jersey, Illinois, and Hawaii.
RBB Bancorp (NASDAQ:RBB) reported its Q3 2024 financial results with a net income of $7.0 million, or $0.39 diluted earnings per share, consistent with Q2 2024. The net interest margin slightly increased to 2.68%, driven by higher interest income on loans. Noninterest income rose by $2.3 million due to a $2.8 million loan recovery. The provision for credit losses increased to $3.3 million from $557,000 in Q2 2024, reflecting higher nonperforming loans. Noninterest expense grew by $297,000 due to increased salaries and loan-related expenses. Total assets reached $4.0 billion, and total deposits grew by $68.6 million. The Board of Directors declared a quarterly cash dividend of $0.16 per share, payable on November 12, 2024.
RBB Bancorp (NASDAQ: RBB) has announced it will release its third quarter 2024 financial results on Monday, October 21, 2024, after market close. The company will host a conference call to discuss the results on Tuesday, October 22, 2024, at 11:00 a.m. Pacific Time/2:00 p.m. Eastern Time.
To participate in the call, investors can dial 1-888-506-0062 or 1-973-528-0011, using passcode 392446 and Conference ID RBBQ324. A replay will be available until November 5, 2024. Additionally, a live webcast will be accessible through the company's website.
RBB Bancorp is a community-based financial holding company headquartered in Los Angeles, California. As of June 30, 2024, the company had total assets of $3.9 billion. Its subsidiary, Royal Business Bank, provides business banking services primarily to Asian-centric communities across several states, including California, Nevada, New York, New Jersey, Illinois, and Hawaii.
RBB Bancorp (NASDAQ:RBB) announced the termination of the Consent Order issued by the FDIC and DFPI on October 25, 2023. The order was lifted on August 21, 2024, following the successful resolution of deficiencies in the Bank's Anti-Money Laundering/Countering the Financing of Terrorism (BSA/CFT) compliance program. CEO David Morris expressed satisfaction with the resolution and thanked the team for their efforts in strengthening the BSA/CFT program.
As of June 30, 2024, RBB Bancorp had total assets of $3.9 billion. The company operates through its subsidiary, Royal Business Bank, providing various banking services to predominantly Asian communities across multiple states, including California, Nevada, New York, New Jersey, Illinois, and Hawaii.