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) 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.