secwatch.observer — SEC 8-K summary
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Issuer:     RBB Bancorp (RBB)
CIK:        0001499422
Form:       8-K
Filed at:   2023-07-24T23:59:59+00:00
Accession:  0001437749-23-020541
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01, 7.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1499422/000143774923020541/0001437749-23-020541-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1499422/000143774923020541/rbb20230613_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-020541

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