Welcome to our dedicated page for RBB news (Ticker: RBB), a resource for investors and traders seeking the latest updates and insights on RBB stock.
RBB Bancorp (RBB) delivers commercial banking solutions through Royal Business Bank, specializing in trade finance and SBA loans. This news hub provides investors and stakeholders with timely updates on corporate developments, financial performance, and strategic initiatives.
Access a centralized repository of press releases, regulatory filings, and market analyses. Track key updates including earnings reports, leadership changes, product launches, and regulatory compliance matters relevant to commercial banking operations.
Our curated collection enables efficient monitoring of RBB's activities in trade finance innovation, asset management services, and digital banking advancements. Content is rigorously verified to support informed analysis without speculative commentary.
Bookmark this page for streamlined access to RBB Bancorp's latest announcements. Combine regular check-ins with our historical archive to identify long-term performance patterns and strategic trends.
RBB Bancorp (NASDAQ:RBB) reported a net income of $11.0 million, or $0.58 diluted earnings per share, for Q1 2023, down from $17.6 million ($0.92 per share) in Q4 2022. The decline was attributed to increased legal and professional expenses. Deposits rose by $58.5 million (8.7% annualized), showcasing strong customer loyalty, while net interest income declined to $34.1 million due to rising interest expenses on time deposits. The company’s liquidity remains robust with a strong capital position. Nonperforming assets increased to $27.0 million, representing 0.66% of total assets, indicating a slight deterioration in asset quality. Management is restructuring to target a loan-to-deposit ratio below 100% by mid-2023. Additionally, a $0.16 cash dividend was declared, payable on May 12, 2023.
FAQ
What is the current stock price of RBB (RBB)?
What is the market cap of RBB (RBB)?
