RBB Bancorp Declares Quarterly Cash Dividend of $0.16 Per Share

Rhea-AI Summary

RBB Bancorp has declared a quarterly cash dividend of $0.16 per share, payable on February 10, 2023 to shareholders of record as of January 30, 2023. As of September 30, 2022, RBB Bancorp held total assets of $4.0 billion. The company operates through its wholly-owned subsidiary, Royal Business Bank, serving primarily the Chinese-American communities across several regions in California, New York, New Jersey, Illinois, and Hawaii. This dividend announcement reflects the firm's commitment to returning value to its shareholders amidst a stable asset base.

Positive

• Declared a quarterly cash dividend of $0.16 per share.
• Total assets stood at $4.0 billion as of September 30, 2022.
• Demonstrates commitment to returning value to shareholders.

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• 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 $0.16 per share. The dividend is payable on February 10, 2023 to common shareholders of record as of January 30, 2023.

Corporate Overview

RBB Bancorp is a community-based financial holding company headquartered in Los Angeles, California. As of September 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, three 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/20230119005920/en/

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

Source: RBB Bancorp

FAQ

What is the dividend amount for RBB Bancorp in 2023?

RBB Bancorp has declared a dividend of $0.16 per share.

When is the RBB Bancorp dividend payment date?

The dividend is payable on February 10, 2023.

What date do shareholders need to be on record to receive the RBB dividend?

Shareholders must be on record by January 30, 2023.

What were RBB Bancorp's total assets as of September 2022?

As of September 30, 2022, RBB Bancorp had total assets of $4.0 billion.