secwatch.observer — SEC 8-K summary
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Issuer:     RBB Bancorp (RBB)
CIK:        0001499422
Form:       8-K
Filed at:   2023-11-14T23:59:59+00:00
Accession:  0001437749-23-031926
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1499422/000143774923031926/0001437749-23-031926-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1499422/000143774923031926/rbb20231110_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-031926

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