secwatch.observer — SEC 8-K summary
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Issuer:     RBB Bancorp (RBB)
CIK:        0001499422
Form:       8-K
Filed at:   2023-04-24T23:59:59+00:00
Accession:  0001437749-23-010930
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

RBB Bancorp Q1 net income $11.0M ($0.58 EPS) down from Q4; appoints new directors
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- Net income $11.0M, diluted EPS $0.58 vs $0.92 in Q4 2022 and $0.74 in Q1 2022.
- Net interest margin 3.70% vs 4.26% QoQ; noninterest expense up $4.8M to $18.9M on legal/professional fees.
- Deposits grew 5.8% ($173.4M); loan-to-deposit ratio improved to 106% from 112%.
- Board appoints Robert Franko (former FCBP CEO) and Scott Polakoff (former FDIC regional director) effective April 20.
- Dividend unchanged at $0.16 per share, payable May 12 to shareholders of record May 1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1499422/000143774923010930/0001437749-23-010930-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1499422/000143774923010930/rbb20230302_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-010930

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer