Cbb Bancorp Stock Price, News & Analysis

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.

CBB Bancorp, Inc. (OTCQX: CBBI) has announced the appointment of Martin Feuer to its Board of Directors, effective July 8, 2021. With over 40 years of experience in financial services, Feuer brings expertise in regulatory compliance and risk management, having held senior positions at prominent firms like MFUG Union Bank and Deloitte. Chairwoman Soon Han Pak expressed enthusiasm about his addition, emphasizing the potential benefits to the Bank’s growth and expansion strategy.

CBB Bancorp, Inc. (OTCQX: CBBI) has completed its acquisition of Ohana Pacific Bank (OTCPK: OHPB), enhancing its footprint in Hawaii with two new branches. This strategic move is expected to bolster CBB's core deposit and loan growth. Ohana will operate as a division of Commonwealth Business Bank, retaining its leadership under James C. Hong, who also joins CBB's executive team. CBB now operates a total of ten branches across California and Hawaii, alongside various regional and loan production offices.

CBB Bancorp announced a quarterly cash dividend of $0.05 per common share, payable on or about June 25, 2021. This dividend will benefit shareholders of record as of June 11, 2021. Chairwoman Soon Han Pak expressed confidence in the company's growth and earnings potential, attributing the initiation of the dividend program to shareholder support. CBB Bancorp operates Commonwealth Business Bank, focusing on small to medium-sized businesses with a presence in various counties and regions.

CBB Bancorp, Inc. (OTCQX: CBBI) has secured all necessary regulatory approvals to proceed with its acquisition of Ohana Pacific Bank in Honolulu, Hawaii. Shareholders of Ohana Pacific Bank have also given their approval for this transaction. The completion of the acquisition is anticipated in the third quarter of this year, subject to standard closing conditions. This step marks a significant move for CBB Bancorp, enhancing its footprint in the banking sector.

CBB Bancorp, Inc. (OTCQX: CBBI) reported a net income of $5.3 million for Q1 2021, marking a 43.6% increase from Q4 2020 and a staggering 230.9% from Q1 2020. The net interest income rose 22.4% year-over-year to $12.8 million, driven by loan growth and improved net interest margins at 3.90%. The return on average assets improved to 1.58%, and equity grew to 13.26%. CBB anticipates completing the acquisition of Ohana Pacific Bank later in 2021, pending regulatory approval, bolstering its growth strategy.