RBB Bancorp Declares Quarterly Cash Dividend of $0.14 Per Share

Rhea-AI Summary

RBB Bancorp (NASDAQ: RBB) has declared a quarterly cash dividend of $0.14 per share, payable on November 11, 2022 to shareholders of record as of October 31, 2022. The company, headquartered in Los Angeles, California, reported total assets of $4.0 billion as of June 30, 2022. RBB provides various financial services through its subsidiary, Royal Business Bank, primarily serving the Chinese-American communities across multiple regions.

Positive

• Quarterly cash dividend of $0.14 per share improves shareholder income.
• Total assets of $4.0 billion as of June 30, 2022 demonstrates strong financial standing.

Negative

• None.

LOS ANGELES--(BUSINESS WIRE)-- RBB Bancorp (NASDAQ: RBB) and its subsidiaries, Royal Business Bank ("the Bank") and RBB Asset Management Company ("RAM"), collectively referred to herein as "the Company", announced that its Board of Directors has declared a quarterly cash dividend of $0.14 per share. The dividend is payable on November 11, 2022 to common shareholders of record as of October 31, 2022.

Corporate Overview

RBB Bancorp is a community-based financial holding company headquartered in Los Angeles, California. As of June 30, 2022, the company had total assets of $4.0 billion. Royal Business Bank, its wholly-owned subsidiary, is a full service commercial bank, which provides business banking services to the Chinese-American communities in Los Angeles County, Orange County, and Ventura County in California, in Las Vegas, Nevada, in Brooklyn, Queens, and Manhattan in New York, in Edison, New Jersey, in the Chicago neighborhoods of Chinatown and Bridgeport, Illinois, and on Oahu, Hawaii. Bank services include remote deposit, E-banking, mobile banking, commercial and investor real estate loans, business loans and lines of credit, commercial and industrial loans, SBA 7A and 504 loans, 1-4 single family residential loans, automobile lending, trade finance, a full range of depository account products and wealth management services. The Bank has nine branches in Los Angeles County, two branches in Ventura County, one branch in Orange County, California, one branch in Las Vegas, Nevada, two branches and one loan operation center in Brooklyn, three branches in Queens, one branch in Manhattan in New York, one branch in Edison, New Jersey, two branches in Chicago, Illinois, and one branch in Honolulu, Hawaii. The Company's administrative and lending center is located at 1055 Wilshire Blvd., Los Angeles, California 90017, and its finance and operations center is located at 7025 Orangethorpe Ave., Buena Park, California 90621. The Company's website address is www.royalbusinessbankusa.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221020006030/en/

David Morris, Interim President & CEO, CFO (714) 670-2488

Source: RBB Bancorp

FAQ

What is the dividend amount declared by RBB for Q4 2022?

RBB has declared a dividend of $0.14 per share for Q4 2022.

When is RBB's dividend payable?

The dividend is payable on November 11, 2022.

What is the record date for RBB's dividend?

The record date for the dividend is October 31, 2022.

How much were RBB Bancorp's total assets as of June 30, 2022?

RBB Bancorp reported total assets of $4.0 billion as of June 30, 2022.

What type of services does Royal Business Bank provide?

Royal Business Bank offers comprehensive financial services including business banking, loans, and wealth management.