RBB Stock Price, News & Analysis

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.

RBB Bancorp (NASDAQ: RBB) will release its financial results for the fourth quarter ending December 31, 2021, after market close on January 24, 2022. A conference call is scheduled for January 25, 2022, at 11:00 a.m. PT to discuss these results. The company, headquartered in Los Angeles, had total assets of $3.8 billion as of September 30, 2021, and operates primarily through its subsidiary, Royal Business Bank, serving Asian-American communities across various California counties, Las Vegas, New York City, New Jersey, and Chicago.

RBB Bancorp (NASDAQ: RBB) announced the appointment of Co-Founder Simon Pang to the President's Advisory Commission on Asian Americans, Native Hawaiians, and Pacific Islanders. As part of a group of 24 members, Pang will advise on policies addressing anti-Asian violence and other community barriers. RBB, a Los Angeles-based financial holding company with total assets of $3.8 billion as of September 30, 2021, offers various banking services focused on Asian-American communities across multiple states.