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RBB Bancorp - RBB STOCK NEWS

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

RBB Bancorp (symbol: RBB) is a prominent bank holding company headquartered in California. It primarily serves as the holding company for Royal Business Bank and RBB Asset Management Company. Royal Business Bank, a state-chartered commercial bank, is the cornerstone of RBB Bancorp’s operations, focusing on delivering exceptional commercial banking services.

RBB Bancorp’s core business revolves around providing a wide range of financial products and services. These include traditional commercial real estate loans, secured commercial and industrial loans, and trade finance services, which are crucial for companies engaged in business activities in China, Taiwan, and other Asian countries. Additionally, the bank offers non-qualified single-family residential mortgage loans and Small Business Administration (SBA) loans.

The diverse array of banking services provided by RBB Bancorp includes checking accounts, savings accounts, money market accounts, and certificates of deposits. Moreover, the bank extends modern banking conveniences such as remote deposit capture, e-banking, and mobile banking to its customers.

RBB Bancorp generates its revenue primarily from the interest accrued on loans and leases. A portion of its revenue also comes from interest on investment securities. Additionally, noninterest income sources such as fees from various lending and deposit services, loan servicing, gains on sales of loans, and wealth management services contribute significantly to the company’s financial health.

As of March 31, 2017, RBB Bancorp reported total consolidated assets of $1.5 billion, total consolidated deposits of $1.2 billion, and total consolidated shareholders' equity of $183.5 million. These figures underscore the company’s robust financial condition and steady growth trajectory.

RBB Bancorp continues to expand its influence and customer base through strategic partnerships and projects. The bank is committed to serving the financial needs of businesses and individuals, especially within the Asian-American community, maintaining a strong focus on client satisfaction and community development.

News

RBB Bancorp Declares Quarterly Cash Dividend of $0.16 Per Common Share

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RBB Bancorp (NASDAQ: RBB) has declared a quarterly cash dividend of $0.16 per common share, payable on May 13, 2024. The company, with total assets of $4.0 billion, operates through its subsidiaries Royal Business Bank and RBB Asset Management Company. The Bank provides various banking services to Asian communities in multiple regions across the U.S.
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RBB Bancorp to Report First Quarter 2024 Financial Results

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RBB Bancorp (NASDAQ: RBB) to release Q1 2024 financial results on April 22, 2024. Company overview, assets, and banking services highlighted. Conference call details provided for investors and interested parties.
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RBB Bancorp Announces Stock Repurchase Program

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RBB Bancorp (RBB) authorizes a stock repurchase program to buy back up to 1,000,000 shares, approximately 5% of outstanding shares, through March 31, 2026. The program allows open market or private transactions, block trades, and follows SEC rules. The Company may suspend, terminate, or modify the program based on various factors.
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RBB Bancorp Reports Fourth Quarter and Fiscal Year 2023 Earnings

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RBB Bancorp (NASDAQ:RBB) announced financial results for the quarter and fiscal year ended December 31, 2023. Net income increased to $12.1 million, or $0.64 diluted earnings per share, up from $8.5 million, or $0.45 diluted earnings per share for the third quarter. Return on average assets increased to 1.20%, up from 0.83% for the third quarter. The Company reported net income of $12.1 million, or $0.64 diluted earnings per share, for the quarter ended December 31, 2023, compared to net income of $8.5 million, or $0.45 diluted earnings per share, for the quarter ended September 30, 2023. Net income for the year ended December 31, 2023 totaled $42.5 million, or $2.24 diluted earnings per share, compared to net income of $64.3 million, or $3.33 diluted earnings per share, for the year ended December 31, 2022.
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RBB Bancorp Declares Quarterly Cash Dividend of $0.16 Per Common Share

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RBB Bancorp (NASDAQ: RBB) declares a quarterly cash dividend of $0.16 per common share, payable on February 9, 2024. The Company has total assets of $4.1 billion and operates in various locations across the US. The Bank offers a wide range of banking services, including remote deposit, E-banking, mobile banking, commercial and investor real estate loans, and wealth management services.
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RBB Bancorp to Report Fourth Quarter and Fiscal Year 2023 Financial Results

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RBB Bancorp (NASDAQ: RBB) to Release Financial Results for Q4 and Year Ended December 31, 2023
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RBB Bancorp Announces Appointment of Lynn Hopkins as Interim Executive Vice President and Chief Financial Officer

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RBB Bancorp (RBB) appoints Lynn M. Hopkins as Interim EVP and CFO of Royal Business Bank, as Alex Ko resigns. The Company aims to leverage Ms. Hopkins' extensive financial services experience and expertise to further its growth and success.
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RBB Bancorp Announces Corrections to Third Quarter Earnings Release

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RBB Bancorp (NASDAQ: RBB) announces adjustment to interim financial statements, revealing a material weakness in internal control over financial reporting. The company's noninterest income and net income for the three months ended September 30, 2023, were adjusted due to the deferral of income recognition for a $5.0 million grant received from the Community Development Financial Institution Equitable Recovery Program award.
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RBB Bancorp Hires Mina Rizkalla as Senior BSA Officer and Resumes Share Repurchases

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RBB Bancorp appoints Mina Rizkalla as SVP/Sr. BSA Officer and Deputy Chief Risk Officer. The company also resumes share repurchase program. RBB Bancorp had total assets of $4.1 billion as of September 30, 2023.
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RBB Bancorp Reports Third Quarter 2023 Earnings

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RBB Bancorp reports net income of $12.0 million for Q3 2023. The company received a $5 million CDFI ERP award. Net interest income decreased to $27.6 million. Total loans held for investment decreased by $75.0 million. The Company will redeem $55 million of outstanding Fixed-to-Floating Subordinated Notes. Noninterest income increased to $7.7 million. Noninterest expense decreased to $16.9 million. The effective tax rate was 29.8%. Nonperforming assets decreased to $40.4 million.
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FAQ

What is the current stock price of RBB Bancorp (RBB)?

The current stock price of RBB Bancorp (RBB) is $21.32 as of December 20, 2024.

What is the market cap of RBB Bancorp (RBB)?

The market cap of RBB Bancorp (RBB) is approximately 379.0M.

What is RBB Bancorp?

RBB Bancorp is a bank holding company based in California, primarily serving as the holding company for Royal Business Bank and RBB Asset Management Company.

What type of loans does Royal Business Bank offer?

The bank offers commercial real estate loans, secured commercial and industrial loans, trade finance services, non-qualified single-family residential mortgage loans, and SBA loans.

How does RBB Bancorp generate revenue?

RBB Bancorp generates revenue from interest on loans and leases, interest from investment securities, as well as noninterest sources like fees from lending and deposit services, loan servicing, and wealth management services.

What are some of the banking services provided by RBB Bancorp?

RBB Bancorp provides checking and savings accounts, money market accounts, certificates of deposits, remote deposit capture, e-banking, mobile banking, and more.

What was RBB Bancorp's total consolidated assets as of March 31, 2017?

As of March 31, 2017, RBB Bancorp reported total consolidated assets of $1.5 billion.

Who are the primary clients of Royal Business Bank?

The primary clients include businesses and individuals, particularly within the Asian-American community, and companies engaged in trade with Asian countries such as China and Taiwan.

What additional services does RBB Bancorp offer?

Besides traditional banking services, RBB Bancorp offers loan servicing, trade finance, and wealth management services.

What is the significance of Royal Business Bank?

Royal Business Bank is a California state-chartered commercial bank and a key subsidiary of RBB Bancorp, focusing on comprehensive commercial banking services.

What financial products are available at RBB Bancorp?

RBB Bancorp offers a range of financial products including commercial loans, residential mortgages, business loans, SBA loans, savings and checking accounts, and money market accounts.

How does RBB Bancorp support small businesses?

RBB Bancorp supports small businesses through its Small Business Administration (SBA) 7A and 504 loan programs, offering essential financial support and services.

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RBB Bancorp

Nasdaq:RBB

RBB Rankings

#3330 Ranked by Market Cap
#1074 Ranked by Dividends

RBB Stock Data

378.99M
15.96M
9.07%
47.21%
0.61%
Banks - Regional
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United States of America
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