RBB Bancorp reports recurring developments for a bank holding company whose subsidiaries include Royal Business Bank and RBB Asset Management Company. Company updates center on quarterly and annual earnings, net interest income, net interest margin, loan growth, deposits, asset yields, credit costs, classified and criticized loans, nonperforming assets, and book value metrics.
RBB news also covers capital return actions such as quarterly cash dividends and common stock repurchases, along with conference-call schedules tied to reported results. Its banking business includes deposit accounts, commercial and investor real estate loans, business lending, SBA loans, mortgage loans, trade finance, digital banking services, loan servicing and wealth management services.
RBB Bancorp (NASDAQ:RBB) announced the appointment of Robert Franko and Scott Polakoff to its Board of Directors, effective April 20, 2023. Franko brings over 35 years of commercial banking experience, previously serving as President & CEO of First Choice Bancorp, sold to Enterprise Financial Services Corp (NASDAQ:EFSC) in July 2021. Polakoff has extensive regulatory experience, having been with the FDIC for 22 years and now serving as Executive Vice President at FinPro, Inc. Chairman Dr. James Kao expressed confidence in their ability to enhance shareholder value through their industry expertise. RBB Bancorp, a community-based financial holding company, had total assets of $3.9 billion as of December 31, 2022, serving Chinese-American communities across several states.
RBB Bancorp has declared a quarterly cash dividend of $0.16 per share, set to be paid on May 12, 2023 to shareholders of record as of May 1, 2023. The company, headquartered in Los Angeles, California, reported total assets of $3.9 billion as of December 31, 2022. RBB Bancorp operates through its primary subsidiary, Royal Business Bank, which provides comprehensive banking services to Chinese-American communities across several regions including California, Nevada, New York, New Jersey, Illinois, and Hawaii.
RBB Bancorp (NASDAQ: RBB) plans to announce its first quarter financial results for 2023 on April 24, 2023, after market close. A conference call will be held on April 25, 2023, at 11:00 AM PT to discuss these results. Interested parties can access the call by dialing 1-888-506-0062 or through a live webcast available on the company's website. RBB Bancorp operates as a community-based financial holding company with total assets amounting to $3.9 billion as of December 31, 2022. Its main subsidiary, Royal Business Bank, offers a full range of banking services primarily to Chinese-American communities across multiple locations in California, Nevada, New York, New Jersey, Illinois, and Hawaii.
RBB Bancorp (NASDAQ: RBB) announced it received a notice from NASDAQ on April 3, 2023 regarding non-compliance with periodic filing requirements due to the Annual Report on Form 10-K for the year ended December 31, 2022 not being filed by the March 31, 2023 deadline. The Company filed the Form 10-K on April 7, 2023. The NASDAQ notice does not have an immediate impact on the trading of RBB shares, although further delays could affect compliance status. RBB Bancorp is based in Los Angeles, California, with total assets of $3.9 billion as of December 31, 2022. The Company provides business banking services primarily to the Chinese-American communities across several U.S. states.
RBB Bancorp (NASDAQ: RBB) announced the appointment of Alex Ko as Executive Vice President and Chief Financial Officer, effective March 1, 2023. Ko previously served as CFO at Hope Bancorp, managing a bank with $19.2 billion in assets. David Morris, President and CEO, expressed enthusiasm about Ko's expertise contributing to RBB's growth. RBB Bancorp, headquartered in Los Angeles, has total assets of $3.9 billion as of December 31, 2022, providing various banking services primarily to Chinese-American communities across multiple locations, including California, New York, New Jersey, Illinois, and Hawaii.
RBB Bancorp (NASDAQ:RBB) reported a record net income of $17.6 million, or $0.92 diluted earnings per share for Q4 2022, marking an 11.9% increase year-over-year. Loans rose by $114.4 million, or 14.1% annualized. Noninterest income decreased to $2.4 million, while noninterest expenses fell to $13.1 million. The company declared a $0.16 per share dividend. Despite these achievements, management noted ongoing pressures from rising deposit costs due to market forces. The company has concluded internal investigations and made organizational changes aimed at improvement.
RBB Bancorp has declared a quarterly cash dividend of $0.16 per share, payable on February 10, 2023 to shareholders of record as of January 30, 2023. As of September 30, 2022, RBB Bancorp held total assets of $4.0 billion. The company operates through its wholly-owned subsidiary, Royal Business Bank, serving primarily the Chinese-American communities across several regions in California, New York, New Jersey, Illinois, and Hawaii. This dividend announcement reflects the firm's commitment to returning value to its shareholders amidst a stable asset base.
RBB Bancorp (NASDAQ: RBB) will release its fourth-quarter financial results for the period ending December 31, 2022, on January 23, 2023, post-market. A conference call to discuss these results is scheduled for January 24, 2023, at 11:00 a.m. Pacific Time. Interested participants can join by dialing 1-888-506-0062 or listen via the live webcast on the Company's website. RBB Bancorp, headquartered in Los Angeles, California, reported total assets of $4.0 billion as of September 30, 2022, and operates through its subsidiary, Royal Business Bank, providing various financial services primarily to the Chinese-American communities across multiple states.
RBB Bancorp (NASDAQ: RBB) announced the appointment of Gary Fan as Executive Vice President and Chief Administrative Officer. In this role, he will oversee marketing, wealth management, and operations in key markets such as New York and Chicago. Mr. Fan brings extensive experience from Gateway Bank FSB and a fintech company, aiming to enhance RBB's offerings in digital banking and specialty banking. As of September 30, 2022, RBB Bancorp had total assets of $3.9 billion, focusing on the Asian-American community across multiple states.
RBB Bancorp (NASDAQ: RBB) received a Notice from Nasdaq on November 21, 2022, for failing to file its 2022 Q3 Form 10-Q by the November 9 deadline. The delay is due to the appointment of Crowe LLP as its new CPA, requiring time for Sarbanes-Oxley Act control reviews. While Nasdaq has granted RBB 60 days to submit a compliance plan, the company expects to regain compliance by December 15, 2022. The firm currently holds total assets of $3.9 billion as of September 30, 2022.