secwatch.observer — SEC 8-K summary
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Issuer:     RBB Bancorp (RBB)
CIK:        0001499422
Form:       8-K
Filed at:   2024-10-21T23:59:59+00:00
Accession:  0001437749-24-031656
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01, 7.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

RBB Bancorp Q3 2024 net income $7.0M ($0.39 EPS); NIM expands to 2.68%; declares $0.16 dividend
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- Net income $7.0M (diluted EPS $0.39) vs $7.2M in Q2; net interest margin improved to 2.68%.
- Provision for credit losses surged to $3.3M from $0.557M in prior quarter due to higher NPAs and specific reserves.
- Nonperforming assets rose to $60.7M (1.52% of assets) vs $54.6M (1.41%) at June 30, 2024.
- Board declared $0.16/share dividend payable Nov 12, 2024 to holders of record Oct 31, 2024.
- Completed 508,275-share repurchase for $11.0M; book value per share increased to $28.81.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1499422/000143774924031656/0001437749-24-031656-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1499422/000143774924031656/rbb20240816_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-031656

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