secwatch.observer — SEC 8-K summary
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Issuer:     RBB Bancorp (RBB)
CIK:        0001499422
Form:       8-K
Filed at:   2025-04-29T23:59:59+00:00
Accession:  0001437749-25-013395
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

RBB Bancorp Q1 net income falls to $2.3M; provision for credit losses $6.7M
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- Net income of $2.3M ($0.13 diluted EPS) down from $4.4M ($0.25) in Q4 2024; ROA 0.24%.
- Net interest margin expanded to 2.88% from 2.76%; net loans grew $89.8M, or 12% annualized.
- Provision for credit losses totaled $6.7M, mainly from $2.8M in specific reserves on two lending relationships.
- Nonperforming assets decreased $16.5M to $64.6M; substandard loans fell $24M to $76.4M.
- Book value per share $28.77, tangible book $24.63; Q1 dividends paid $2.9M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1499422/000143774925013395/0001437749-25-013395-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1499422/000143774925013395/rbb20250307_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-013395

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