RBB Bancorp Reschedules Report of Fourth Quarter and Fiscal Year 2024 Financial Results

Rhea-AI Summary

RBB Bancorp (NASDAQ: RBB) has announced the rescheduling of its fourth quarter and fiscal year 2024 financial results release to February 3, 2025, after market close. The delay is due to the company and its advisors requiring additional time to complete quarterly and year-end analysis.

A conference call is scheduled for February 4, 2025, at 11:00 a.m. Pacific Time to discuss the results. As of September 30, 2024, RBB Bancorp reported total assets of $4.0 billion. The company operates through its subsidiary Royal Business Bank, providing banking services primarily to Asian-centric communities across multiple states including California, Nevada, New York, New Jersey, Illinois, and Hawaii. The bank maintains a network of branches across these locations, offering services including remote deposit, E-banking, various loan products, trade finance, depository accounts, and wealth management services.

Positive

• Total assets of $4.0 billion as of September 30, 2024
• Extensive branch network across six states
• Diverse banking services portfolio including commercial, residential, and SBA loans

Negative

• Delayed financial results reporting requiring additional analysis time

News Market Reaction – RBB

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In the trading session that priced this news, RBB gained 0.15%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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LOS ANGELES, Jan. 17, 2025 (GLOBE NEWSWIRE) -- RBB Bancorp (NASDAQ: RBB) and its subsidiaries, Royal Business Bank (the "Bank") and RBB Asset Management Company ("RAM"), collectively referred to herein as the "Company", today announced that it rescheduled the release of financial results for its fourth quarter and year ended December 31, 2024 to after the markets close on Monday, February 3, 2025. The Company and its advisors require additional time to complete quarterly and year end-related analysis necessary to report financial results.

Management will hold a conference call at 11:00 a.m. Pacific Time/2:00 p.m. Eastern Time on Tuesday, February 4, 2025 to discuss the Company's financial results.

To listen to the conference call, please dial 1-888-506-0062 or 1-973-528-0011, passcode 834092, Conference ID RBBQ424. A replay of the call will be made available at 1-877-481-4010 or 1-919-882-2331, passcode 51830, approximately one hour after the conclusion of the call and will remain available through February 18, 2025.

Additionally, interested parties can listen to a live webcast of the call in the "Investor Relations" section of the Company's website at www.royalbusinessbankusa.com. This webcast will be recorded and available for replay on the Company's website approximately two hours after the conclusion of the conference call.

Corporate Overview

RBB Bancorp is a community-based financial holding company headquartered in Los Angeles, California. As of September 30, 2024, the Company had total assets of $4.0 billion. Its wholly-owned subsidiary, Royal Business Bank, is a full service commercial bank, which provides consumer and business banking services predominantly to the Asian-centric communities in Los Angeles County, Orange County, and Ventura County in California, in Las Vegas, Nevada, in Brooklyn, Queens, and Manhattan in New York, in Edison, New Jersey, in the Chicago neighborhoods of Chinatown and Bridgeport, Illinois, and on Oahu, Hawaii. Bank services include remote deposit, E-banking, mobile banking, commercial and investor real estate loans, business loans and lines of credit, commercial and industrial loans, SBA 7A and 504 loans, 1-4 single family residential loans, trade finance, a full range of depository account products and wealth management services. The Bank has nine branches in Los Angeles County, two branches in Ventura County, one branch in Orange County, California, one branch in Las Vegas, Nevada, three branches and one loan operation center in Brooklyn, three branches in Queens, one branch in Manhattan in New York, one branch in Edison, New Jersey, two branches in Chicago, Illinois, and one branch in Honolulu, Hawaii. The Company's administrative and lending center is located at 1055 Wilshire Blvd., Los Angeles, California 90017, and its finance and operations center is located at 7025 Orangethorpe Ave., Buena Park, California 90621. The Company's website address is www.royalbusinessbankusa.com.

Contacts

Lynn Hopkins, EVP and Chief Financial Officer, (657) 255-3282

FAQ

When will RBB Bancorp release its Q4 and FY 2024 financial results?

RBB Bancorp will release its Q4 and FY 2024 financial results after market close on February 3, 2025.

Why did RBB Bancorp reschedule its Q4 2024 earnings release?

The company and its advisors needed additional time to complete quarterly and year-end related analysis necessary to report financial results.

What were RBB Bancorp's total assets as of September 30, 2024?

RBB Bancorp reported total assets of $4.0 billion as of September 30, 2024.

When is RBB Bancorp's Q4 2024 earnings conference call scheduled?

The earnings conference call is scheduled for February 4, 2025, at 11:00 a.m. Pacific Time/2:00 p.m. Eastern Time.

How many branches does RBB Bancorp operate across the United States?

RBB Bancorp operates 23 branches across California, Nevada, New York, New Jersey, Illinois, and Hawaii.