secwatch.observer — SEC 8-K summary
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Issuer:     RBB Bancorp (RBB)
CIK:        0001499422
Form:       8-K
Filed at:   2023-10-23T23:59:59+00:00
Accession:  0001437749-23-028780
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01, 7.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

RBB Bancorp Q3 2023 net income $12.0M ($0.63 EPS); net interest margin down to 2.87%
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- Net income $12.0M ($0.63 diluted EPS), versus $10.9M ($0.58) in Q2 2023 and $16.7M ($0.87) a year ago.
- Net interest margin fell 50 bps to 2.87%; net interest income $27.6M, down $4.3M from prior quarter.
- Noninterest income jumped to $7.7M, including a $5.0M CDFI Equitable Recovery Program award from US Treasury.
- Declared quarterly cash dividend of $0.16 per share, payable Nov 10, 2023, record Oct 30, 2023.
- Will redeem $55 million of 2028 Fixed-to-Floating Subordinated Notes on Dec 1, 2023; tier 1 common equity ratio 17.8%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1499422/000143774923028780/0001437749-23-028780-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1499422/000143774923028780/rbb20230905_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-028780

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