secwatch.observer — SEC 8-K summary
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Issuer:     RBB Bancorp (RBB)
CIK:        0001499422
Form:       8-K
Filed at:   2024-04-22T23:59:59+00:00
Accession:  0001437749-24-012741
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01, 5.02, 7.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

RBB Bancorp Q1 net income $8.0M ($0.43 EPS); CFO Hopkins permanently appointed; dividend $0.16
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- Q1 2024 net income $8.0M ($0.43 diluted EPS) vs $12.1M ($0.64) in Q4 2023; prior quarter included $5.0M CDFI award pre-tax.
- Net interest margin 2.69%, down 4bp from 2.73%; loan portfolio flat at ~$3.0B; deposits down $146.4M (4.6%) from Dec 2023.
- Nonperforming assets $37.0M (0.95% of assets), up from $31.6M (0.79%) at Dec 2023; provision for credit losses zero vs reversal of $431K last quarter.
- Permanent CFO Lynn Hopkins appointed April 22, 2024; 3-year agreement, base salary $410K, $175K RSU award vesting over 5 years, severance terms.
- Declared $0.16/share dividend payable May 13 (record May 1); board authorized 1M share buyback; 80,285 shares repurchased at avg $18.39 in Q1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1499422/000143774924012741/0001437749-24-012741-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1499422/000143774924012741/rbb20240316_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-012741

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