RBB Bancorp Reschedules Report of Fourth Quarter and Fiscal Year 2024 Financial Results
RBB Bancorp (NASDAQ: RBB) has announced the rescheduling of its fourth quarter and fiscal year 2024 financial results release to February 3, 2025, after market close. The delay is due to the company and its advisors requiring additional time to complete quarterly and year-end analysis.
A conference call is scheduled for February 4, 2025, at 11:00 a.m. Pacific Time to discuss the results. As of September 30, 2024, RBB Bancorp reported total assets of $4.0 billion. The company operates through its subsidiary Royal Business Bank, providing banking services primarily to Asian-centric communities across multiple states including California, Nevada, New York, New Jersey, Illinois, and Hawaii. The bank maintains a network of branches across these locations, offering services including remote deposit, E-banking, various loan products, trade finance, depository accounts, and wealth management services.
RBB Bancorp (NASDAQ: RBB) ha annunciato il rinvio della pubblicazione dei risultati finanziari del quarto trimestre e dell'anno fiscale 2024 al 3 febbraio 2025, dopo la chiusura del mercato. Il ritardo è dovuto alla necessità dell'azienda e dei suoi consulenti di avere ulteriore tempo per completare l'analisi trimestrale e di fine anno.
È prevista una conferenza telefonica per il 4 febbraio 2025, alle 11:00 ora del Pacifico, per discutere dei risultati. Al 30 settembre 2024, RBB Bancorp ha riportato un totale di attivi di 4,0 miliardi di dollari. L'azienda opera attraverso la sua controllata Royal Business Bank, fornendo servizi bancari principalmente a comunità orientate all'Asia in diversi stati, tra cui California, Nevada, New York, New Jersey, Illinois e Hawaii. La banca mantiene una rete di filiali in queste località, offrendo servizi che includono deposito remoto, e-banking, vari prodotti di prestito, finanza commerciale, conti di deposito e servizi di gestione patrimoniale.
RBB Bancorp (NASDAQ: RBB) ha anunciado el reprogramado de la publicación de sus resultados financieros del cuarto trimestre y del año fiscal 2024 para el 3 de febrero de 2025, después del cierre del mercado. La demora se debe a que la empresa y sus asesores requieren tiempo adicional para completar el análisis trimestral y de fin de año.
Una llamada de conferencia está programada para el 4 de febrero de 2025, a las 11:00 a.m. Hora del Pacífico, para discutir los resultados. Al 30 de septiembre de 2024, RBB Bancorp reportó activos totales de $4.0 mil millones. La empresa opera a través de su subsidiaria Royal Business Bank, proporcionando servicios bancarios principalmente a comunidades centradas en Asia en varios estados, incluyendo California, Nevada, Nueva York, Nueva Jersey, Illinois y Hawái. El banco mantiene una red de sucursales en estas ubicaciones, ofreciendo servicios que incluyen depósito remoto, banca electrónica, diversos productos de préstamo, financiamiento comercial, cuentas de depósito y servicios de gestión de patrimonio.
RBB Bancorp (NASDAQ: RBB)는 2024 회계연도 및 4분기 재무 결과 발표를 2025년 2월 3일 시장 마감 후로 재조정했다고 발표했습니다. 이 연기는 회사와 고문들이 분기 및 연말 분석을 완료하는 데 추가 시간이 필요하기 때문입니다.
재무 결과를 논의하기 위한 컨퍼런스 콜이 2025년 2월 4일 오전 11시 태평양 시간에 예정되어 있습니다. 2024년 9월 30일 기준으로 RBB Bancorp는 총 자산이 40억 달러라고 보고했습니다. 이 회사는 Royal Business Bank를 통해 운영되며, 캘리포니아, 네바다, 뉴욕, 뉴저지, 일리노이, 하와이를 포함한 여러 주의 아시아 중심 커뮤니티에 주로 은행 서비스를 제공합니다. 이 은행은 이러한 지역에 지점을 두고 원격 예치, 전자 은행, 다양한 대출 상품, 무역 금융, 예금 계좌, 자산 관리 서비스 등을 포함한 서비스를 제공합니다.
RBB Bancorp (NASDAQ: RBB) a annoncé le report de la publication de ses résultats financiers pour le quatrième trimestre et l'exercice 2024 au 3 février 2025, après la fermeture du marché. Ce retard est dû au fait que l'entreprise et ses conseillers ont besoin de temps supplémentaire pour compléter l'analyse trimestrielle et de fin d'année.
Un appel conférence est prévu pour le 4 février 2025 à 11h00, heure du Pacifique, pour discuter des résultats. Au 30 septembre 2024, RBB Bancorp a déclaré un total d'actifs de 4,0 milliards de dollars. L'entreprise opère à travers sa filiale Royal Business Bank, fournissant des services bancaires principalement aux communautés axées sur l'Asie dans plusieurs États, notamment la Californie, le Nevada, New York, le New Jersey, l'Illinois et Hawaï. La banque maintient un réseau d'agences dans ces localités, offrant des services incluant le dépôt à distance, la banque en ligne, divers produits de prêt, le financement du commerce, les comptes de dépôt et les services de gestion de patrimoine.
RBB Bancorp (NASDAQ: RBB) hat die Veröffentlichung seiner finanziellen Ergebnisse für das vierte Quartal und das Geschäftsjahr 2024 auf den 3. Februar 2025 nach Börsenschluss verschoben. Die Verzögerung ist darauf zurückzuführen, dass das Unternehmen und seine Berater mehr Zeit benötigen, um die vierteljährliche und die Jahresabschlussanalyse abzuschließen.
Eine Telefonkonferenz ist für den 4. Februar 2025 um 11:00 Uhr pazifischer Zeit geplant, um die Ergebnisse zu besprechen. Zum 30. September 2024 meldete RBB Bancorp insgesamt 4,0 Milliarden Dollar an Vermögenswerten. Das Unternehmen agiert über seine Tochtergesellschaft Royal Business Bank und bietet hauptsächlich Bankdienstleistungen für asiatisch geprägte Gemeinschaften in mehreren Bundesstaaten, einschließlich Kalifornien, Nevada, New York, New Jersey, Illinois und Hawaii, an. Die Bank unterhält ein Netzwerk von Filialen an diesen Standorten und bietet Dienstleistungen wie Fernüberweisungen, E-Banking, verschiedene Kreditprodukte, Handelsfinanzierung, Einlagenkonten und Vermögensverwaltungsdienste an.
- Total assets of $4.0 billion as of September 30, 2024
- Extensive branch network across six states
- Diverse banking services portfolio including commercial, residential, and SBA loans
- Delayed financial results reporting requiring additional analysis time
Insights
This rescheduling of financial results warrants attention as it could signal potential complexities in RBB Bancorp's financial statements. The delay from the typical earnings release schedule to February 3rd, coupled with the statement that "additional time" is needed for analysis, raises some concerns. For a bank with
A simplified explanation for general investors: When a bank delays its earnings report and needs more time for analysis, it's like a student asking for an extension on an important exam - there might be some complicated matters that need extra attention. This isn't necessarily negative, but it's definitely something to watch closely.
The bank's significant presence in Asian-centric communities across multiple states, including California, New York and Illinois, makes it a unique player in the ethnic banking sector. However, this niche focus also means any economic challenges affecting these specific communities could have an outsized impact on the bank's performance.
The timing of this announcement deserves scrutiny. Delaying financial results typically triggers heightened market uncertainty and can impact stock volatility. With RBB's market cap at
Breaking it down simply: Markets prefer predictability. When a company unexpectedly needs more time to review their numbers, it's like a red flag that makes investors nervous. Think of it as a restaurant suddenly postponing their health inspection - it doesn't mean there's definitely a problem, but it makes customers wonder why.
Key focus areas for the upcoming results should include loan quality metrics, especially given the bank's concentration in commercial and investor real estate loans during a period of elevated interest rates. The geographic diversification across multiple states provides some risk mitigation, but also adds complexity to the financial review process.
LOS ANGELES, Jan. 17, 2025 (GLOBE NEWSWIRE) -- 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", today announced that it rescheduled the release of financial results for its fourth quarter and year ended December 31, 2024 to after the markets close on Monday, February 3, 2025. The Company and its advisors require additional time to complete quarterly and year end-related analysis necessary to report financial results.
Management will hold a conference call at 11:00 a.m. Pacific Time/2:00 p.m. Eastern Time on Tuesday, February 4, 2025 to discuss the Company's financial results.
To listen to the conference call, please dial 1-888-506-0062 or 1-973-528-0011, passcode 834092, Conference ID RBBQ424. A replay of the call will be made available at 1-877-481-4010 or 1-919-882-2331, passcode 51830, approximately one hour after the conclusion of the call and will remain available through February 18, 2025.
Additionally, interested parties can listen to a live webcast of the call in the "Investor Relations" section of the Company's website at www.royalbusinessbankusa.com. This webcast will be recorded and available for replay on the Company's website approximately two hours after the conclusion of the conference call.
Corporate Overview
RBB Bancorp is a community-based financial holding company headquartered in Los Angeles, California. As of September 30, 2024, the Company had total assets of
Contacts
Lynn Hopkins, EVP and Chief Financial Officer, (657) 255-3282
FAQ
When will RBB Bancorp release its Q4 and FY 2024 financial results?
Why did RBB Bancorp reschedule its Q4 2024 earnings release?
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