RBB Bancorp Q2 EPS $0.58; NPLs jump 57%; SEC launches informal inquiry

RBB Bancorp

2023-Q2 EPS reported $1.15 revenue$2,623,000

Net income of $10.9M ($0.58 diluted EPS), flat vs Q1 but down 30% from $0.80 YoY.
Nonperforming assets rose to $42.4M (1.04% of assets) from $27.0M, driven by CRE and SFR loans.
Deposits grew $24.4M; loan-to-deposit ratio improved to 99.3% from 104.7%.
Board declared $0.16/share quarterly dividend, payable Aug 11 to holders of record Jul 31.
Company voluntarily cooperating with SEC informal requests re policies, former officers; outcome uncertain.

item 2.02 item 9.01 item 7.01 item 8.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

RBB Bancorp reported second quarter 2023 results: net income $10.9 million, EPS $0.58 diluted earnings per share.

Period: second quarter 2023
Net income: $10.9 million
EPS: $0.58 diluted earnings per share
Result: reported results

Exact text from the filing

The Company reported net income of $10.9 million, or $0.58 diluted earnings per share, for the quarter ended June 30, 2023,

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RBB Bancorp filing history →

Source: SEC EDGAR

accession 0001437749-23-020541

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