Cbb Bancorp Stock Price, News & Analysis

CBB Bancorp, Inc. (OTCQX: CBBI) has declared a quarterly cash dividend of $.08 per common share. This dividend will be payable on May 27, 2022, to stockholders of record as of the close of business on May 13, 2022. The company is the holding entity for Commonwealth Business Bank, which operates ten branches across California and Hawaii, focusing on small- to medium-sized businesses. This move reinforces CBBI’s commitment to returning value to its shareholders.

CBB Bancorp (CBBI) reported a net income of $8.4 million ($0.80 per diluted share) for Q1 2022, a 4.9% increase from Q4 2021 and a 57.6% rise from Q1 2021. Key drivers included improved credit quality and strong SBA loan sales, totaling $50.5 million. The return on average assets improved to 1.91%, while return on average equity reached 18.08%. However, net interest income decreased by 2.9% from the previous quarter. The allowance for loan losses was reduced to $13.1 million, representing 1.07% of portfolio loans, signaling enhanced asset quality.

CBB Bancorp, Inc. (OTCQX: CBBI) announces the retirement of President and CEO Joanne Kim effective this month after 11 years of service. The board expressed gratitude for her contributions to the company's growth. Following her departure, James Hong, currently Senior Executive Vice President and CEO of the Bank's Ohana Pacific Bank division, will take over as President and CEO. With 35 years of banking experience in the Korean-American market, Hong is expected to drive further growth and profitability for CBB Bancorp.

CBB Bancorp, Inc. (OTC PINK: CBBI) has declared a quarterly cash dividend of $.077 per common share, payable on February 25, 2022, to stockholders of record as of February 11, 2022. This dividend reflects the company's ongoing commitment to providing returns to its shareholders. CBB Bancorp operates Commonwealth Business Bank, offering services primarily to small- to medium-sized businesses across various locations including Los Angeles, Orange, Dallas, and Honolulu.

CBB Bancorp, Inc. (CBBI) reported fourth quarter 2021 net income of $8.0 million, or $0.77 per diluted share, marking a 1.7% increase from the prior quarter and a 115.7% increase year-over-year. For the year, net income was $27.5 million, up 178.6% from $9.9 million in 2020. The rise in income was fueled by strong SBA loan originations. However, the net interest margin slightly decreased to 3.49%. The Company had a negative provision for loan losses of $0.8 million in Q4, indicating improved asset quality.

CBB Bancorp, Inc. has announced a quarterly cash dividend of $.075 per common share, payable on November 26, 2021. Stockholders of record as of November 12, 2021 will receive this dividend. The company operates CBB Bank, serving small to medium-sized businesses with ten branches in Los Angeles, Orange, Dallas, and Honolulu, along with multiple loan production offices across the U.S.

CBB Bancorp, Inc. (OTCQX: CBBI) reported a strong third quarter 2021 with net income reaching $7.9 million or $0.75 per diluted share, up 25% from the previous quarter and 171.5% year-over-year. Following the July 1 acquisition of Ohana Pacific Bank, total assets increased to $1.9 billion, an 18.4% rise. The return on average assets was 1.73% and the efficiency ratio improved to 49.0%. Net interest income climbed 18.7% quarter-over-quarter, driven by lower costs of deposits and SBA loan activity. Deposits surged 20.8% from the last quarter, bolstering the bank's capital position.

CBB Bancorp, Inc. (OTCQX: CBBI) has declared a quarterly cash dividend of $.061 per common share. This dividend will be payable on or about August 27, 2021, to stockholders of record as of the close of business on August 13, 2021. CBB Bancorp is the holding company for Commonwealth Business Bank, which operates ten branches in Los Angeles, Orange, Dallas Counties, and Honolulu, Hawaii, specializing in small to medium-sized businesses.

CBB Bancorp reported a net income of $6.3 million for Q2 2021, reflecting a significant increase of 18.2% quarterly and 281.5% year-over-year. Earnings per share rose to $0.61. Key metrics included a return on average assets of 1.70% and return on average equity of 14.91%. The net interest margin stood at 3.75%, a decrease from the previous quarter due to high cash balances linked to the upcoming Ohana Pacific Bank acquisition. Total deposits increased 15.7% from the prior quarter, signaling strong balance sheet growth.