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 (NASDAQ: RBB) is a community-based financial holding company headquartered in Los Angeles, California, and the parent of Royal Business Bank and RBB Asset Management Company. Its news flow centers on commercial banking activities, capital management decisions, and performance updates for its multi-state franchise serving predominantly Asian-centric communities.
On this page, readers can follow company-issued announcements such as quarterly and annual earnings releases, where RBB Bancorp discusses net income, net interest margin, credit quality metrics, loan and deposit trends, and other key financial measures. The company also uses news releases to provide details about its conference calls and webcasts, including dial-in information and access to investor presentation materials.
RBB Bancorp’s news coverage includes dividend declarations, outlining quarterly cash dividends on its common stock and the associated record and payment dates. The company has also announced stock repurchase plans authorized by its board of directors, describing the size of the program, the permitted methods of repurchase, and the potential factors that could affect timing and volume.
Because RBB Bancorp operates Royal Business Bank, a full-service commercial bank focused on Asian-centric communities in California, Nevada, New York, New Jersey, Illinois, and Hawaii, its updates often reference community-based banking activities, loan portfolio developments, and deposit trends in these markets. Press releases may also highlight changes in nonperforming assets, special mention and substandard loans, and provisions for credit losses, providing insight into the company’s credit risk profile.
Investors and observers can use this news page to review RBB Bancorp’s official communications over time, including earnings announcements, dividend and capital actions, and other material events the company reports through GlobeNewswire and related channels.
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.
RBB Bancorp (NASDAQ:RBB) reported a net income of $14.6 million, or $0.74 diluted EPS, for Q1 2022, down 6.9% from Q4 2021 but up 17.4% year-over-year. Loans grew by $72.7 million, reflecting a 10.0% annualized increase. The company announced a 7.7% increase in quarterly dividends to $0.14 per share. Key performance ratios showed an annualized ROA of 1.39% and ROTCE of 14.91%. Noninterest income decreased to $2.9 million, driven by lower loan sale gains. Total deposits decreased by $217.3 million from the previous quarter, while net interest income rose to $34.5 million.
RBB Bancorp (NASDAQ: RBB) has declared a quarterly cash dividend of $0.14 per share, scheduled for payment on May 6, 2022. Shareholders of record as of May 2, 2022 will receive this dividend. The company, headquartered in Los Angeles, California, reported total assets of $4.2 billion as of December 31, 2021. RBB Bancorp operates through its subsidiaries, Royal Business Bank and RBB Asset Management Company, offering various banking services primarily catering to the Chinese-American communities across multiple states.
RBB Bancorp (NASDAQ: RBB) will release its financial results for Q1 2022 on April 25, 2022, post-market close. A conference call to discuss these results is scheduled for April 26, 2022, at 11:00 a.m. PT / 2:00 p.m. ET. Listeners can participate via phone or a live webcast on the company's website. RBB Bancorp, based in Los Angeles, had total assets of $4.2 billion as of December 31, 2021, and operates Royal Business Bank, providing a wide range of banking services in various regions, including California and New York.
RBB Bancorp (NASDAQ: RBB) has announced the resignation of President and CEO Alan Thian, effective immediately, following an internal investigation that uncovered violations of company policies. Thian had been on paid leave since February 22, 2022. The Board asserts that these violations did not financially impact the company. Dr. James Kao, Chairman, expressed confidence in the remaining management team, emphasizing their commitment to delivering high-quality services and growth. As of December 31, 2021, RBB Bancorp reported total assets of $4.2 billion.
RBB Bancorp (NASDAQ: RBB) has announced that President and CEO Alan Thian is taking a leave of absence pending an internal investigation by a special committee from the Board of Directors. During this period, David Morris, the current CFO, has been appointed as Interim President and CEO. As of December 31, 2021, the company reported total assets of $4.2 billion and operates multiple branches across California, Nevada, New York, New Jersey, Illinois, and Hawaii, providing a variety of banking services to the Chinese-American communities.
RBB Bancorp (NASDAQ:RBB) reported a record net income of $15.7 million or $0.79 diluted EPS for Q4 2021, marking a 2.2% increase from the previous quarter and a 40.9% rise year-over-year. Loans grew by $81.8 million (11.4% annualized), driven by commercial and construction loans. The Company announced its entry into the San Francisco Bay area through the acquisition of Gateway Bank. Noninterest income fell by $2.4 million due to a prior quarter grant. The efficiency ratio improved to 36.56%, and deposits increased by $417.7 million quarter-over-quarter.
RBB Bancorp (NASDAQ: RBB) announced the acquisition of the Honolulu branch of Bank of the Orient on January 14, 2022. The acquisition includes $81.7 million in deposits, approximately $7.4 million in selected loans, and an estimated premium of $3.0 million, totaling around $71.0 million. This strategic move aims to strengthen RBB's market presence in Hawaii and enhance its community banking services to Asian-American clients. The transaction has received all necessary regulatory approvals.
RBB Bancorp (NASDAQ: RBB) has declared a $0.14 quarterly cash dividend, payable on February 1, 2022, to shareholders of record as of January 31, 2022. The company reported total assets of $3.8 billion as of September 30, 2021. RBB Bancorp operates as a community-based financial holding company with services targeted at Asian-American communities across California, Nevada, New York, New Jersey, Illinois, and Hawaii. Its full-service subsidiary, Royal Business Bank, provides a range of banking and financial services.