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.
RBAZ Bancorp Inc. (RBAZ), parent company of Republic Bank of Arizona, maintains this centralized news hub for stakeholders tracking its community banking operations. Access verified updates on financial performance, strategic initiatives, and regulatory developments within Arizona's banking sector.
This resource aggregates essential information including quarterly earnings disclosures, leadership announcements, and partnership agreements like the institution's collaboration with Pima Federal Credit Union. Investors will find analysis of net interest margin trends and deposit growth strategies, while local businesses can monitor commercial lending program updates.
All content undergoes strict verification to ensure compliance with financial reporting standards. Users receive unfiltered access to original press releases alongside third-party analysis of credit management practices and asset quality metrics. Regular updates reflect the company's focus on sustainable growth through disciplined loan portfolio management.
Bookmark this page for real-time notifications about regulatory filings, market position updates, and community impact initiatives. Combine our news feed with SEC filings and earnings call transcripts for complete insight into RBAZ's Phoenix-area operations.
RBAZ Bancorp, Inc. reported a strong financial performance for Q4 2022, achieving a net income of $644,000 or $0.36 per share, a significant increase from $373,000 or $0.21 per share in Q4 2021. For the full year, net income remained stable at $1.06 per share compared to 2021. Core earnings saw a remarkable 50% year-over-year increase, driven by a 14% rise in net interest income and a 32% boost in non-interest income. Total loans surged to $162.95 million, marking a 20.4% growth, though total deposits dipped 1% to $203.33 million. The bank maintains a robust 11.39% capital ratio under the CBLR framework.
RBAZ Bancorp, Inc. reported a consolidated net income of $490,000 for Q3 2022, representing $0.27 per share, down from $524,000, or $0.29 per share in Q3 2021. For the nine months ended September 30, 2022, net income was $1,270,000 ($0.70 per share) versus $1,545,000 ($0.86 per share) in the prior year. Core earnings increased 20% year-over-year. Total loans rose 5.5% to $142,872,000, while total deposits fell 1.9% to $201,486,000. RBAZ is set to open its third branch in Gilbert, AZ on October 31.
RBAZ Bancorp, Inc. reported a consolidated net income of $405,000 ($0.22 per share) for Q2 2022, while for the first half, net income reached $778,000 ($0.43 per share). Republic Bank of Arizona's Q2 earnings also showed a decrease compared to the previous year, with $486,000 ($0.27 per share) this year versus $490,000 ($0.27 per share) in Q2 2021. Total loans decreased slightly to $135.3 million, while total deposits increased by 9.7% to $225.5 million. Core earnings rose by 16% year-over-year, supported by a 22% increase in net interest income.
RBAZ Bancorp, Inc. reported a consolidated net income of $374,000, or $0.21 per share for Q1 2022, with its banking subsidiary earning $450,000, or $0.25 per share.
This marks a decrease from $557,000, or $0.31 per share in Q1 2021. Core earnings rose by 29% quarter-over-quarter, and total deposits increased by 8.9% to $223,847,000. Total loans decreased by 1.8%, reflecting significant loan payoffs. The cost of funds improved by 34%, reaching 0.31%.
Overall, RBAZ remains well capitalized with a 10.36% CBLR ratio.
RBAZ Bancorp, Inc. reported a consolidated net income of $373,000 ($0.21/share) for Q4 2021, and $1,918,000 ($1.06/share) for the year. The Republic Bank of Arizona's net income was $447,000 ($0.25/share) for Q4 and $2,114,000 ($1.17/share) for the year. Compared to 2020, annual earnings declined from $0.47/share. Loan growth surged 23.2% to $135,396,000 despite $9,920,000 in PPP loan forgiveness. Deposits rose 23.4% to $205,530,000. RBAZ maintains a Bauer Five-Star rating and a CBLR ratio of 10.55%, confirming it is well-capitalized.
RBAZ Bancorp, Inc. reported a consolidated net income of $524,000 for Q3 2021, translating to $0.29 per share, marking its sixth consecutive quarter of earnings growth. For the nine months ending September 30, 2021, net income reached $1,545,000 or $0.86 per share. The Bank's total loans increased by 10.4% to $121.4 million, while total deposits rose 21.5% to $202.4 million. Interest income surged 30.8% year-over-year, although non-interest expenses increased due to litigation settlement costs.
Republic Bank of Arizona, a subsidiary of RBAZ Bancorp (OTCBB:RBAZ), reported a net income of $490,000 ($0.27 per share) for Q2 2021, a significant increase from $159,000 ($0.09 per share) in Q2 2020. For the first half of 2021, net income reached $1,047,000 ($0.58 per share) compared to $171,000 ($0.10 per share) last year. Loan growth saw a 6.3% increase, totaling $116.9 million, while deposits surged 23.6% to $205.8 million. The bank received $5.5 million in Tier 1 Capital and reduced the cost of deposits by 56% to 0.40%.
On June 11, 2021, RBAZ Bancorp, Inc. (OTCPK: RBAZ) announced a successful private placement of $6 million in subordinated notes to institutional accredited investors. The notes carry a fixed interest rate of 5.00% until June 15, 2026, after which they will transition to a floating rate. Proceeds will fund organic growth and geographic expansion. CEO Brian Ruisinger expressed confidence in the offering's outcome, highlighting its alignment with the company's strategic growth initiatives.
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