RBB Bancorp corrects Q3 2023 earnings: net income now $8.5M vs $12.0M previously

RBB Bancorp

Noninterest income revised from $7.7M to $2.8M due to deferral of $5.0M CDFI grant award.
Diluted EPS: $0.45 vs originally reported $0.63; net income $8.5M vs $12.0M.
Material weakness in internal control over financial reporting related to infrequent transactions identified.
Annualized ROAA revised to 0.83% from 1.17%; ROATCE revised to 7.82% from 11.04%.

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