RBB Bancorp reports record Q4 net income $17.6M, $0.92 EPS; loans grow 14.1% annualized

RBB Bancorp

2022-FY EPS reported $3.33 revenue$5,579,000

Record Q4 net income $17.6M ($0.92 EPS), up 5.6% QoQ and 11.9% YoY.
Loans grew $114.4M (14.1% annualized) to $3.3B; single-family residential production $130.8M.
Net interest margin 4.26%, down 5bps QoQ; cost of interest-bearing deposits surged to 1.93% from 0.82%.
Credit allowance $41.0M (1.23% of loans); nonperforming assets $12.1M (0.31% of assets).
Company concluded all internal investigations; repurchased 48,896 shares at $20.77 avg.

item 2.02 item 9.01 item 8.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RBB Bancorp reported the quarter and year ended December 31, 2022 results: net income net income of $17.6 million, EPS $0.92 diluted earnings per share.

Period: the quarter and year ended December 31, 2022
Net income: net income of $17.6 million
EPS: $0.92 diluted earnings per share
Result: reported results

Exact text from the filing

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,” announced financial results for the quarter and year ended December 31, 2022. The Company reported net income of $17.6 million, or $0.92 diluted earnings per share, for the quarter ended December 31, 2022, compared to net income of $16.7 million, or $0.87 diluted earnings per share, and $15.7 million, or $0.79 diluted earnings per share, for the quarter ended September 30, 2022 and December 31, 2021, respectively.

View on SEC.gov

20 earnings releases filed in the last 30 days. Browse all earnings releases →

RBB Bancorp filing history →

Source: SEC EDGAR

accession 0001437749-23-001597

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.