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RBB Bancorp - RBB STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect RBB Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of RBB Bancorp's position in the market.

Rhea-AI Summary
RBB Bancorp (NASDAQ: RBB) has declared a quarterly cash dividend of $0.16 per common share, payable on May 13, 2024. The company, with total assets of $4.0 billion, operates through its subsidiaries Royal Business Bank and RBB Asset Management Company. The Bank provides various banking services to Asian communities in multiple regions across the U.S.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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Tags
dividends
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Rhea-AI Summary
RBB Bancorp (NASDAQ: RBB) to release Q1 2024 financial results on April 22, 2024. Company overview, assets, and banking services highlighted. Conference call details provided for investors and interested parties.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.52%
Tags
conferences earnings
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Rhea-AI Summary
RBB Bancorp (RBB) authorizes a stock repurchase program to buy back up to 1,000,000 shares, approximately 5% of outstanding shares, through March 31, 2026. The program allows open market or private transactions, block trades, and follows SEC rules. The Company may suspend, terminate, or modify the program based on various factors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.05%
Tags
buyback
Rhea-AI Summary
RBB Bancorp (NASDAQ:RBB) announced financial results for the quarter and fiscal year ended December 31, 2023. Net income increased to $12.1 million, or $0.64 diluted earnings per share, up from $8.5 million, or $0.45 diluted earnings per share for the third quarter. Return on average assets increased to 1.20%, up from 0.83% for the third quarter. The Company reported net income of $12.1 million, or $0.64 diluted earnings per share, for the quarter ended December 31, 2023, compared to net income of $8.5 million, or $0.45 diluted earnings per share, for the quarter ended September 30, 2023. Net income for the year ended December 31, 2023 totaled $42.5 million, or $2.24 diluted earnings per share, compared to net income of $64.3 million, or $3.33 diluted earnings per share, for the year ended December 31, 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.99%
Tags
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Rhea-AI Summary
RBB Bancorp (NASDAQ: RBB) declares a quarterly cash dividend of $0.16 per common share, payable on February 9, 2024. The Company has total assets of $4.1 billion and operates in various locations across the US. The Bank offers a wide range of banking services, including remote deposit, E-banking, mobile banking, commercial and investor real estate loans, and wealth management services.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.74%
Tags
dividends
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Rhea-AI Summary
RBB Bancorp (NASDAQ: RBB) to Release Financial Results for Q4 and Year Ended December 31, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.62%
Tags
conferences earnings
Rhea-AI Summary
RBB Bancorp (RBB) appoints Lynn M. Hopkins as Interim EVP and CFO of Royal Business Bank, as Alex Ko resigns. The Company aims to leverage Ms. Hopkins' extensive financial services experience and expertise to further its growth and success.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.17%
Tags
management
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Rhea-AI Summary
RBB Bancorp (NASDAQ: RBB) announces adjustment to interim financial statements, revealing a material weakness in internal control over financial reporting. The company's noninterest income and net income for the three months ended September 30, 2023, were adjusted due to the deferral of income recognition for a $5.0 million grant received from the Community Development Financial Institution Equitable Recovery Program award.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.8%
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Rhea-AI Summary
RBB Bancorp appoints Mina Rizkalla as SVP/Sr. BSA Officer and Deputy Chief Risk Officer. The company also resumes share repurchase program. RBB Bancorp had total assets of $4.1 billion as of September 30, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.26%
Tags
buyback management
Rhea-AI Summary
RBB Bancorp reports net income of $12.0 million for Q3 2023. The company received a $5 million CDFI ERP award. Net interest income decreased to $27.6 million. Total loans held for investment decreased by $75.0 million. The Company will redeem $55 million of outstanding Fixed-to-Floating Subordinated Notes. Noninterest income increased to $7.7 million. Noninterest expense decreased to $16.9 million. The effective tax rate was 29.8%. Nonperforming assets decreased to $40.4 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.39%
Tags
RBB Bancorp

Nasdaq:RBB

RBB Rankings

RBB Stock Data

318.25M
11.70M
20.12%
41.09%
0.59%
Commercial Banking
Finance and Insurance
Link
US
Los Angeles

About RBB

rbb bancorp (the bank) is a bank holding company with the principal business to serve as the holding company for its wholly-owned banking subsidiaries, including royal business bank (bank) and rbb asset management company (ram). the company operates royal business bank, which is a california state-chartered commercial bank. the bank is focused on providing commercial banking services. the bank's offerings include traditional commercial real estate loans, secured commercial and industrial loans, and trade finance services for companies doing business in china, taiwan and other asian countries. the non-qualified single-family residential mortgage loans, small business administration loans. as of march 31, 2017, the company had total consolidated assets of $1.5 billion, total consolidated deposits of $1.2 billion and total consolidated shareholders equity of $183.5 million.