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RBAZ BANCORP INC - $RBAZ STOCK NEWS

Welcome to our dedicated page for RBAZ BANCORP news (Ticker: $RBAZ), a resource for investors and traders seeking the latest updates and insights on RBAZ BANCORP stock.

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Rhea-AI Summary
RBAZ Bancorp, Inc. reported a consolidated net income of $713,000, or $0.40 per share, for the quarter ending March 31, 2024, showing a 54% increase over the same period in 2023. The company attributed this growth to higher net interest income and improved liquidity. Total loans decreased slightly, while deposits saw a significant increase. RBAZ remains well-capitalized and focused on growth opportunities, especially in construction and commercial lines of credit.
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Rhea-AI Summary
RBAZ Bancorp, Inc., parent company of Republic Bank of Arizona, reported a 29% increase in earnings year-over-year, with consolidated net income of $688,000 for the quarter ended December 31, 2023. The company also announced a 23.9% increase in total loans, totaling $201,829,000, and a 12.2% increase in total deposits, reaching $228,172,000. Additionally, RBAZ's total interest income increased by 45.7% to $3,815,000 for the quarter ended December 31, 2023, while total non-interest expenses increased by $278,000 compared to the same period in the prior year. The Bank remains 'Well Capitalized' under the Community Bank Leverage Ratio framework, with a CBLR ratio of 10.68% as of December 31, 2023.
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RBAZ Bancorp, Inc. announced strong quarterly earnings with a consolidated net income of $748,000 for the quarter ended September 30, 2023. Total loans and deposits increased significantly, and total interest income saw a 61.4% increase. However, higher funding costs, compressing margins, and pressuring liquidity are the main challenges the company is facing.
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RBAZ Bancorp, Inc. (OTCIQ: RBAZ) reports a 31.5% increase in net earnings for the quarter ended June 30, 2023, driven by significant loan production. Total loans and deposits also saw substantial growth. Despite challenges from higher cost of funds due to Federal Reserve rate increases, RBAZ remains well-capitalized and poised for continued growth.
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RBAZ BANCORP INC

OTC:RBAZ

RBAZ Rankings

RBAZ Stock Data

20.87M
1.29M
Commercial Banking
Finance and Insurance
Link
United States of America
Phoenix