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Overview of RBB Bancorp
RBB Bancorp is a bank holding company that operates through its wholly-owned subsidiaries, including Royal Business Bank and RBB Asset Management Company. Specializing in commercial banking, trade finance, and real estate loans, the company provides a comprehensive suite of financial services that cater to both businesses and individual customers. As a California state-chartered commercial bank, Royal Business Bank offers a range of traditional banking products integrated with modern digital solutions, ensuring flexibility and convenience for its diverse customer base.
Business Model and Service Offerings
The company’s core business is providing traditional depository products as well as innovative commercial financing solutions. Its service offerings include checking, savings, money market accounts, and certificates of deposit, complemented by robust digital banking solutions such as remote deposit capture, E-banking, and mobile banking applications. On the lending front, RBB Bancorp focuses on:
- Commercial real estate loans designed for business properties
- Secured commercial and industrial loans supporting business growth
- Trade finance services that facilitate cross-border transactions, especially for companies engaged in trade with Asian markets
- Residential mortgage loans, including non-qualified single-family loans
- Loans under the Small Business Administration (SBA) programs, including 7A and 504 loans
Revenue is primarily generated from interest earned on a diversified portfolio of loans and leases, augmented by fee-based income from lending services, deposit account management, loan servicing, and wealth management. Additionally, the company earns income from investment securities, contributing to a balanced approach in its revenue streams.
Market Position and Competitive Landscape
RBB Bancorp has established its significance by combining traditional banking practices with tailored commercial financing solutions. The bank competes within the dynamic financial services sector by targeting niche markets such as international trade and specialized commercial lending. It differentiates itself through a well-integrated service model that emphasizes both personalized customer service and the flexibility of modern digital banking tools.
Operational Excellence and Risk Management
The bank maintains a strong emphasis on risk management and capital preservation by following stringent credit quality standards and deploying advanced monitoring systems. Its revenue generation relies on a careful balance between interest income from its expansive loan portfolio and noninterest income derived from ancillary services. The comprehensive approach to both product offerings and risk controls highlights its resilience and robust operational framework.
Commitment to Service and Digital Innovation
Embracing modern digital banking trends, RBB Bancorp is committed to offering remote banking solutions that enhance customer convenience while ensuring secure and reliable service. This integration of technology in its operations not only streamlines processes but also reinforces the company's commitment to meeting evolving customer expectations and market demands.
Through a diversified mix of traditional deposit products and specialized loan options, RBB Bancorp continues to position itself as a key institutional player. Its focus on tailored commercial services, coupled with solid risk management practices and digital innovation, creates a well-rounded financial institution that caters to the multifaceted needs of its clients.
RBB Bancorp (NASDAQ: RBB) will release its financial results for the fourth quarter ending December 31, 2021, after market close on January 24, 2022. A conference call is scheduled for January 25, 2022, at 11:00 a.m. PT to discuss these results. The company, headquartered in Los Angeles, had total assets of $3.8 billion as of September 30, 2021, and operates primarily through its subsidiary, Royal Business Bank, serving Asian-American communities across various California counties, Las Vegas, New York City, New Jersey, and Chicago.
RBB Bancorp (NASDAQ: RBB) announced the appointment of Co-Founder Simon Pang to the President's Advisory Commission on Asian Americans, Native Hawaiians, and Pacific Islanders. As part of a group of 24 members, Pang will advise on policies addressing anti-Asian violence and other community barriers. RBB, a Los Angeles-based financial holding company with total assets of $3.8 billion as of September 30, 2021, offers various banking services focused on Asian-American communities across multiple states.
RBB Bancorp (NASDAQ: RBB) has agreed to acquire Gateway Bank in a cash transaction valued at approximately $22.9 million. Gateway Bank, based in Oakland, California, has total assets of $172.4 million and serves the Asian-American community. The acquisition aims to support RBB's expansion into the San Francisco Bay Area, enhancing its presence in one of the largest Asian-American markets in the U.S. The deal is expected to be accretive to earnings per share in mid-2022, though a tangible book value dilution of about 1.8% is anticipated, with a payback period of around 1.8 years.
RBB Bancorp (NASDAQ:RBB) reported a record net income of $15.4 million for Q3 2021, translating to $0.77 diluted EPS, an increase of 14.8% from Q2 2021 and 80.3% year-over-year. Loan growth stood at $137.1 million, or 20.0% annualized. The bank declared a quarterly cash dividend of $0.13 per share and received a $1.8 million CDFI grant to support community development in response to the COVID-19 pandemic. The conference call is scheduled for October 26, 2021.
RBB Bancorp (NASDAQ: RBB) has declared a quarterly cash dividend of $0.13 per share, payable on November 12, 2021, to shareholders of record as of November 1, 2021. As of June 30, 2021, RBB Bancorp's total assets stood at $3.9 billion. The company operates through its subsidiary, Royal Business Bank, focusing on business banking services for the Chinese-American community across multiple counties in California and select locations in New York, New Jersey, and Nevada.
RBB Bancorp (NASDAQ: RBB) will release its third-quarter financial results on October 25, 2021, after market close. The conference call to discuss these results is scheduled for October 26, 2021, at 11:00 a.m. PT. As of June 30, 2021, RBB Bancorp had total assets of $3.9 billion. The company, providing banking services primarily to Chinese-American communities, operates multiple branches across California, Nevada, New York, New Jersey, and Illinois.
RBB Bancorp (NASDAQ:RBB) announced the appointment of President and CEO Yee Phong (Alan) Thian to the Advisory Board of the U.S. Treasury's Community Development Financial Institutions Fund. As one of nine community development leaders selected, Mr. Thian will advise on policies to support economically distressed communities. RBB Bancorp, headquartered in Los Angeles, has total assets of $3.9 billion as of June 30, 2021, and provides banking services primarily to Chinese-American communities across several regions in California and beyond.
RBB Bancorp (NASDAQ:RBB) reported record net income of $13.4 million, or $0.67 diluted EPS for Q2 2021, up from $12.5 million and $0.63 EPS in Q1 2021. Total deposits rose to $3.1 billion, a $248.6 million increase from Q1 2021. However, net interest margin declined to 3.33% from 3.73%, primarily due to higher liquidity. Noninterest income decreased by $1.7 million to $4.2 million. The Company remains focused on growth, supported by the recent acquisition of a Hawaiian branch, and anticipates future strategic opportunities.
RBB Bancorp (NASDAQ: RBB) declared a quarterly cash dividend of $0.13 per share, payable on August 13, 2021, to shareholders of record as of August 2, 2021. As of March 31, 2021, RBB Bancorp reported total assets of $3.7 billion. The company, headquartered in Los Angeles, primarily serves Chinese-American communities in California and select areas in New York, New Jersey, and Illinois, offering various banking services including commercial loans and wealth management.
RBB Bancorp (NASDAQ: RBB) is set to release its second quarter financial results for the period ending June 30, 2021, on July 26, 2021, after market close. A conference call is scheduled for July 27, 2021, at 11:00 a.m. PT to discuss the results. The Company, headquartered in Los Angeles, has total assets of $3.7 billion as of March 31, 2021, and serves primarily the Chinese-American communities across various locations in California, Nevada, New York, New Jersey, and Illinois, offering a range of banking services.
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