RBB Bancorp Declares Quarterly Cash Dividend of $0.14 Per Share

Rhea-AI Summary

RBB Bancorp (NASDAQ: RBB) has declared a $0.14 quarterly cash dividend, payable on February 1, 2022, to shareholders of record as of January 31, 2022. The company reported total assets of $3.8 billion as of September 30, 2021. RBB Bancorp operates as a community-based financial holding company with services targeted at Asian-American communities across California, Nevada, New York, New Jersey, Illinois, and Hawaii. Its full-service subsidiary, Royal Business Bank, provides a range of banking and financial services.

Positive

• Declared a quarterly cash dividend of $0.14, providing income for shareholders.
• Total assets of $3.8 billion indicate a strong financial position.

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 February 1, 2022 to common shareholders of record as of January 31, 2022.

Corporate Overview

RBB Bancorp is a community-based financial holding company headquartered in Los Angeles, California. As of September 30, 2021, the company had total assets of $3.8 billion. Its wholly owned subsidiary, Royal Business Bank, is a full-service commercial bank, which provides business banking services to the Asian-American communities in Los Angeles County, Orange County, and Ventura County in California; Las Vegas in Nevada; Brooklyn, Queens, and Manhattan in New York; Edison in New Jersey; in the Chicago, Illinois neighborhoods of Chinatown and Bridgeport; and in Honolulu, Hawaii. Royal Business 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 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 Avenue, 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/20220120005975/en/

Yee Phong (Alan) Thian, President and CEO, (626) 307-7559

David Morris, Executive Vice President and CFO, (714) 670-2488

Source: RBB Bancorp

FAQ

What is the dividend amount declared by RBB for 2022?

RBB Bancorp declared a quarterly cash dividend of $0.14 per share.

When is the dividend payable for RBB Bancorp?

The dividend is payable on February 1, 2022.

What is the record date for RBB Bancorp's dividend?

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

How does RBB Bancorp support its community?

RBB Bancorp provides banking services primarily to Asian-American communities across various states.