secwatch.observer — SEC 8-K summary
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Issuer:     RBB Bancorp (RBB)
CIK:        0001499422
Form:       8-K
Filed at:   2024-07-22T23:59:59+00:00
Accession:  0001437749-24-023212
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01, 7.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

RBB Bancorp Q2 net income $7.2M ($0.39 EPS); NIM slips to 2.67%, NPAs rise to $54.6M
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- Net income $7.2M ($0.39 diluted EPS) down from $8.0M ($0.43) in Q1 2024; net interest income $24.0M vs $24.9M.
- Net interest margin 2.67% (down 2 bps QoQ); cost of funds flat at 3.59%.
- Nonperforming assets surged to $54.6M (1.41% assets) from $37.0M (0.95%), driven by three loans totaling $22M.
- Repurchased 448,190 shares for $8.1M; book value per share rose to $28.12 from $27.67.
- Declared $0.16 per share cash dividend, payable Aug 12 to holders of record July 31, unchanged from prior quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1499422/000143774924023212/0001437749-24-023212-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1499422/000143774924023212/rbb20240523_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-023212

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