RBB Stock Price, News & Analysis

RBB Bancorp has elevated David Morris to President and Chief Executive Officer, effective immediately. Morris, who has been the Interim CEO since February 2022 and has 35 years of community banking experience, will also remain the Chief Financial Officer and join the Board of Directors. Shalom Chang will step into the role of Chief Accounting Officer. The company's Chairman emphasized Morris's leadership as crucial for maintaining high ethical standards and a commitment to community growth as RBB Bancorp aims to further serve Asian-American communities.

RBB Bancorp (NASDAQ: RBB) has declared a quarterly cash dividend of $0.14 per share, payable on November 11, 2022 to shareholders of record as of October 31, 2022. The company, headquartered in Los Angeles, California, reported total assets of $4.0 billion as of June 30, 2022. RBB provides various financial services through its subsidiary, Royal Business Bank, primarily serving the Chinese-American communities across multiple regions.

RBB Bancorp (NASDAQ: RBB) will announce its third-quarter financial results for the period ending September 30, 2022, on October 24, 2022, after market close. A conference call will be held on October 25, 2022, at 11:00 AM PT to discuss the results. The company, headquartered in Los Angeles, had total assets of $4.0 billion as of June 30, 2022, with its subsidiary, Royal Business Bank, catering to various communities across California and other states. Interested parties can join the call via phone or webcast.

RBB Bancorp (NASDAQ:RBB) reported a net income of $15.5 million for Q2 2022, reflecting a 5.9% increase from Q1 and a 15.7% rise year-over-year. Diluted earnings per share rose to $0.80. Loans grew by $35.9 million or 4.8% annualized. The bank declared a $0.14 per share quarterly dividend. Noninterest income saw a 16.5% rise compared to Q1 but a decline from the previous year. Net interest income increased to $37.1 million, driven by higher interest rates. Nonperforming assets decreased, indicating an improvement in asset quality.

RBB Bancorp has declared a quarterly cash dividend of $0.14 per share, payable on August 12, 2022, to shareholders of record as of August 1, 2022. Additionally, the Board of Directors has approved a stock repurchase program allowing for the buyback of up to 500,000 shares, approximately 2.63% of outstanding shares. This program provides flexibility in how shares can be repurchased and can be modified or terminated based on market conditions and other factors.

RBB Bancorp (NASDAQ: RBB) is set to release its financial results for the second quarter ended June 30, 2022, on July 25, 2022, after market close. A conference call will be held on July 26, 2022, at 11:00 a.m. PT to discuss these results. As of March 31, 2022, RBB Bancorp reported total assets of $4.0 billion. Stakeholders can access the call via phone or webcast, with replays available after the event.

RBB Bancorp (NASDAQ: RBB) announces the hiring of several key employees aimed at enhancing client relationships and driving growth. Edwin Oh joins as Senior VP and SBA Manager, along with Rick Carpenter as Senior VP and Commercial Lending Manager. They bring extensive experience from previous roles in the banking sector. In total, RBB has onboarded eight new bankers in the last six months, positioning the company for strengthened shareholder value. As of March 31, 2022, RBB had total assets of $4.0 billion, servicing key communities in California and beyond.

RBB Bancorp (NASDAQ: RBB) has submitted a Supplement to its Proxy Statement ahead of the Annual Meeting of Shareholders scheduled for May 18, 2022. This Supplement, dated May 16, 2022, provides updates on nominees for the Board of Directors and clarifies that all current directors and nominees are independent. The details can be accessed on RBB's website and the SEC's website. As of March 31, 2022, RBB Bancorp reported total assets of $4.0 billion and operates primarily through Royal Business Bank, catering to Chinese-American communities in several regions including California, New York, and Hawaii.

RBB Bancorp (NASDAQ: RBB) has announced a stock repurchase program allowing the company to buy back up to 500,000 shares, representing approximately 2.59% of its outstanding shares. Purchases can occur in open market transactions or through private placements, subject to market conditions and other factors. As of March 31, 2022, RBB Bancorp reported total assets of $4.0 billion, serving primarily the Chinese-American communities across various locations in California and beyond.