Cbb Bancorp Stock Price, News & Analysis

CBB Bancorp, Inc. (OTCQX: CBBI) has declared a quarterly cash dividend of $.08 per common share, payable on February 24, 2023, to shareholders on record as of the close on February 10, 2023. CBB Bancorp operates as the holding company for Commonwealth Business Bank, which serves small-to-medium-sized businesses with ten branches located in Los Angeles, Orange, and Dallas Counties, as well as Honolulu, Hawaii. The bank also has three SBA regional offices and five loan production offices across several states.

CBB Bancorp, Inc. (OTCQX: CBBI) reported a net income of $7.3 million for Q4 2022, a 28.0% increase from the prior quarter but an 8.5% decrease year-over-year. For the full year, net income was $27.9 million, up 0.4% from 2021. Key metrics include a net interest margin of 4.59%, a return on average assets of 1.64%, and a return on average equity of 14.04% for Q4 2022. Significant factors include loan growth, improved asset quality, and a reduced loan loss provision. However, noninterest income declined due to no SBA loan sales during the quarter. Total loans increased 4.7% quarter-over-quarter, while deposits saw a slight overall decline.

CBB Bancorp, Inc. (OTC-PINK: CBBI) announced the appointment of Khoi D. Dang to its Board of Directors and the Board of its subsidiary, Commonwealth Business Bank, effective January 1, 2023. Mr. Dang brings over 18 years of experience in banking, corporate governance, and risk management. His previous roles include Chief Legal and Administrative Officer at Southern California Bancorp. The announcement follows the retirement of Alvin D. Kang, who served on the boards since 2013, contributing to the growth of the bank from $0.5 billion to $1.8 billion in assets.

CBB Bancorp, Inc. has announced a quarterly cash dividend of $.08 per common share, payable on November 25, 2022. Stockholders of record as of November 10, 2022 will receive this dividend. CBB Bancorp operates as CBB Bank, providing full-service banking for small to medium-sized businesses across ten branches in California, Texas, and Hawaii, along with additional SBA and loan production offices.

CBB Bancorp, Inc. (CBBI) announced a net income of $5.7 million for Q3 2022, a decline of 27.3% year-over-year and 11.3% from Q2 2022. The decrease is attributed to the absence of SBA loan sales, amid market volatility. Net interest income rose by 14.5% to $18.8 million, with a net interest margin improving to 4.28%. However, noninterest income fell significantly to $1.2 million from $4.5 million in the prior quarter, primarily due to no SBA loan sales. The company’s capital ratios remain strong, indicating regulatory compliance.

CBB Bancorp, Inc. (OTCQX: CBBI) has declared a quarterly cash dividend of $.08 per share, payable on August 26, 2022, to shareholders of record as of August 12, 2022. This dividend reflects the company’s ongoing commitment to returning value to its shareholders. CBB Bancorp operates Commonwealth Business Bank, which focuses on serving small- to medium-sized businesses with multiple branches across California and Hawaii.