earnings
confidence high
sentiment neutral
materiality 0.75
RBB Bancorp Q4 net income $12.1M ($0.64 EPS); FY2023 net income $42.5M
RBB Bancorp
2023-FY EPS reported
$2.24
revenue$5,322,000
- Q4 diluted EPS $0.64 vs $0.45 in Q3; net interest margin narrowed to 2.73% from 2.87%.
- FY2023 net income $42.5M ($2.24 EPS) vs $64.3M ($3.33 EPS) in 2022; revenue not explicitly stated.
- Recognized $5.0M CDFI Equitable Recovery Program award during Q4.
- Redeemed $55M of 6.18% subordinated notes at par on Dec 1; repurchased 396,374 shares for $6.7M.
- SEC concluded inquiry without enforcement action; Bank believes it addressed FDIC/DFPI Consent Order deficiencies as of Dec 31, 2023.