LOS ANGELES, Oct. 21, 2024 (GLOBE NEWSWIRE) -- RBB Bancorp (NASDAQ:RBB) and its subsidiaries, Royal Business Bank (the "Bank") and RBB Asset Management Company ("RAM"), collectively referred to herein as "the Company," announced financial results for the quarter ended September 30, 2024. Third Quarter 2024 Highlights Net income totaled $7.0 million, or $ 0.39 diluted earnings per shareReturn on average assets of 0.72%, compared to 0.76% for the quarter ended June 30, 2024Net interest margin of 2.68% compared to 2.67% for the quarter ended June 30, 2024Repurchased 508,275 shares of common stock for $11.0 million during the quarter ended September 30, 2024, and completed the authorized pro

LOS ANGELES, Oct. 01, 2024 (GLOBE NEWSWIRE) -- RBB Bancorp (NASDAQ: RBB) and its subsidiaries, Royal Business Bank ("the Bank") and RBB Asset Management Company ("RAM"), collectively referred to herein as "the Company", today announced it will release financial results for its third quarter ended September 30, 2024 after the markets close on Monday, October 21, 2024. Management will hold a conference call at 11:00 a.m. Pacific Time/2:00 p.m. Eastern Time on Tuesday, October 22, 2024 to discuss the Company's financial results. To listen to the conference call, please dial 1-888-506-0062 or 1-973-528-0011, passcode 392446, Conference ID RBBQ324. A replay of the call will be made available

LOS ANGELES, Aug. 22, 2024 (GLOBE NEWSWIRE) -- RBB Bancorp (NASDAQ:RBB) and its subsidiaries, Royal Business Bank (the "Bank") and RBB Asset Management Company ("RAM"), collectively referred to herein as "the Company," announced that on August 21, 2024, the Federal Deposit Insurance Corporation (the "FDIC") and the California Department of Financial Protection and Innovation (the "DFPI") terminated the Consent Order issued to the Bank that was effective October 25, 2023. The termination of the Consent Order follows the Bank's successful resolution of the deficiencies in the Bank's Anti-Money Laundering/Countering the Financing of Terrorism ("BSA/CFT") compliance program that was the subjec

LOS ANGELES, July 22, 2024 (GLOBE NEWSWIRE) -- RBB Bancorp (NASDAQ:RBB) and its subsidiaries, Royal Business Bank (the "Bank") and RBB Asset Management Company ("RAM"), collectively referred to herein as "the Company," announced financial results for the quarter ended June 30, 2024. Second Quarter 2024 Highlights Net income totaled $7.2 million, or $0.39 diluted earnings per share.Return on average assets of 0.76%, compared to 0.81% for the quarter ended March 31, 2024.Net interest margin of 2.67%, down two basis points, compared to 2.69% for the quarter ended March 31, 2024.Repurchased 448,190 shares of common stock for $8.1 million during the quarter ended Jun 30, 2024.Book value and t

LOS ANGELES, July 18, 2024 (GLOBE NEWSWIRE) -- RBB Bancorp (NASDAQ:RBB) and its subsidiaries, Royal Business Bank ("the Bank") and RBB Asset Management Company ("RAM"), collectively referred to herein as "the Company", announced that its Board of Directors has declared a quarterly cash dividend of $0.16 per common share. The dividend is payable on August 12, 2024 to common shareholders of record as of July 31, 2024. Corporate Overview RBB Bancorp is a bank holding company headquartered in Los Angeles, California. As of March 31, 2024, the Company had total assets of $3.9 billion. Its wholly-owned subsidiary, the Bank, is a full service commercial bank, which provides business banking ser

LOS ANGELES, July 02, 2024 (GLOBE NEWSWIRE) -- RBB Bancorp (NASDAQ: RBB) and its subsidiaries, Royal Business Bank ("the Bank") and RBB Asset Management Company ("RAM"), collectively referred to herein as "the Company", today announced it will release financial results for its second quarter ended June 30, 2024 after the markets close on Monday, July 22, 2024. Management will hold a conference call at 11:00 a.m. Pacific Time/2:00 p.m. Eastern Time on Tuesday, July 23, 2024 to discuss the Company's financial results. To listen to the conference call, please dial 1-888-506-0062 or 1-973-528-0011, passcode 723739, Conference ID RBBQ224. A replay of the call will be made available at 1-877-4

RBB Bancorp (NASDAQ:RBB) and its subsidiaries, Royal Business Bank (the "Bank") and RBB Asset Management Company ("RAM"), collectively referred to herein as "the Company," announced that at their Organizational Board of Director meetings held on May 15, 2024, after the Company annual shareholder meeting, Ms. Christina Kao has been unanimously appointed as the new Chair of the Board for the Company. Dr. James Kao, Chair of the Board for the past three years of RBB Bancorp and the Bank, will remain on the Boards of Directors and serve as chair of the new Enterprise Risk Committee. Dr. Kao stated: "The Management Team and the Board of Directors have worked diligently toward remediating any d

RBB Bancorp Announces Appointment of Lynn Hopkins as Executive Vice President and Chief Financial Officer RBB Bancorp (NASDAQ:RBB) and its subsidiaries, Royal Business Bank (the "Bank") and RBB Asset Management Company ("RAM"), collectively referred to herein as "the Company," announced financial results for the quarter ended March 31, 2024. First Quarter 2024 Highlights Net income totaled $8.0 million, or $0.43 diluted earnings per share. Return on average assets of 0.81%, compared to 1.20% for last quarter. Net interest margin of 2.69%, down 4 basis points, compared to 2.73% for last quarter. Return on average common equity of 6.30% and return on average tangible common eq

RBB Bancorp (NASDAQ:RBB) and its subsidiaries, Royal Business Bank ("the Bank") and RBB Asset Management Company ("RAM"), collectively referred to herein as "the Company", announced that its Board of Directors has declared a quarterly cash dividend of $0.16 per common share. The dividend is payable on May 13, 2024 to common shareholders of record as of May 1, 2024. Corporate Overview RBB Bancorp is a bank holding company headquartered in Los Angeles, California. As of December 31, 2023, the Company had total assets of $4.0 billion. Its wholly-owned subsidiary, the Bank, is a full service commercial bank, which provides business banking services to the Asian communities in Los Angeles Co

RBB Bancorp (NASDAQ:RBB) and its subsidiaries, Royal Business Bank ("the Bank") and RBB Asset Management Company ("RAM"), collectively referred to herein as "the Company", today announced it will release financial results for its first quarter ended March 31, 2024 after the markets close on Monday, April 22, 2024. Management will hold a conference call at 11:00 a.m. Pacific Time/2:00 p.m. Eastern Time on Tuesday, April 23, 2024 to discuss the Company's financial results. To listen to the conference call, please dial 1-888-506-0062 or 1-973-528-0011, passcode 123643, Conference ID RBBQ124. A replay of the call will be made available at 1-877-481-4010 or 1-919-882-2331, passcode 50324, ap

Piper Sandler analyst Matthew Clark maintains RBB Bancorp (NASDAQ:RBB) with a Neutral and raises the price target from $21 to $21.5.

Stephens & Co. analyst Andrew Terrell reiterates RBB Bancorp (NASDAQ:RBB) with a Equal-Weight and maintains $20 price target.

RBB Bancorp (NASDAQ:RBB) reported quarterly earnings of $0.39 per share which beat the analyst consensus estimate of $0.34 by 14.71 percent. This is a 32.76 percent decrease over earnings of $0.58 per share from the same period last year. The company reported quarterly sales of $27.453 million which beat the analyst consensus estimate of $27.387 million by 0.24 percent. This is a 20.24 percent decrease over sales of $34.419 million the same period last year.

Analysts' ratings for RBB Bancorp (NASDAQ:RBB) over the last quarter vary from bullish to bearish, as provided by 4 analysts. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 4 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 1 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 2 0 0 Analysts have set 12-month price targets for RBB Bancorp, revealing an average target of $20.75, a high estimate of $22.00, and a low estimate of $20.00. Observing a 5.49% increase, the current average has risen from the previous avera

Piper Sandler analyst Matthew Clark reiterates RBB Bancorp (NASDAQ:RBB) with a Neutral and raises the price target from $19 to $21.

Hovde Group analyst Brendan Nosal assumes RBB Bancorp (NASDAQ:RBB) with a Market Perform rating and announces Price Target of $20.

 James Kao, Chair of the Board for the past three years of RBB Bancorp and the Bank, will remain on the Boards of Directors and serve as chair of the new Enterprise Risk Committee.

Keefe, Bruyette & Woods analyst Kelly Motta reiterates RBB Bancorp (NASDAQ:RBB) with a Market Perform and raises the price target from $20 to $22.

Stephens & Co. analyst Andrew Terrell reiterates RBB Bancorp (NASDAQ:RBB) with a Equal-Weight and maintains $20 price target.

RBB Bancorp (the "Company", "we", "us" or "our") (NASDAQ:RBB) is pleased to announce the appointment of Ms. Diana Hanson as Senior Vice President and Chief Accounting Officer of Royal Business Bank (the "Bank") and RBB Bancorp effective June 17, 2024. With over 30 years of financial services industry experience, Ms. Hanson brings a wealth of knowledge as a Chief Accounting Officer and Corporate Controller at various financial institutions. Her leadership and expertise in technical accounting, financial reporting, accounting operations and internal controls over financial reporting will be beneficial to the Company. Prior to joining the Company, Ms. Hanson held the position of SVP and Chie

RBB Bancorp (the "Company", "we", "us" or "our") (NASDAQ:RBB) is pleased to announce the appointment of Ms. Lynn M. Hopkins as Interim Executive Vice President and Chief Financial Officer of Royal Business Bank (the "Bank") and RBB Bancorp effective December 7, 2023. With over 30 years of financial services industry experience, Ms. Hopkins brings a wealth of knowledge as a chief financial officer at various financial institutions, including expertise in banking risk management, corporate governance and operations, strategic planning and forecasting, liquidity, treasury and asset liability risk management, mergers and acquisitions, integration and conversion activities, technical accounting,

RBB Bancorp (NASDAQ:RBB) is pleased to announce the appointment of Mina Rizkalla as SVP/Sr. BSA Officer and Deputy Chief Risk Officer of RBB Bancorp (the "Company") and its wholly-owned bank subsidiary, Royal Business Bank (the "Bank"). Mr. Rizkalla will be the head of the Bank's Bank Secrecy Act ("BSA") department where he will oversee the Bank's Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) compliance program and assist in the administration of the Bank's comprehensive risk management programs for assessing, identifying, monitoring, and reducing risks. Mr. Rizkalla was previously the EVP & Chief Risk Officer/BSA Officer of Commonwealth Business Bank, which he joi

RBB Bancorp (NASDAQ:RBB) (the "Company") is pleased to announced the appointment of Johnny Lee as President and Chief Banking Officer of Royal Business Bank and RBB Bancorp. With an impressive 33 years of banking experience, Mr. Lee brings a wealth of knowledge in strategic planning, bank administration, branch management, commercial banking, and risk management. Prior to joining the Company, Mr. Lee held the position of Senior Managing Director and Head of International and Commercial Banking at East West Bank, a publicly traded bank with $64 billion in assets. During his tenure of 10 years at East West Bank, he served in various senior roles, contributing significantly to the bank's suc

RBB Bancorp (NASDAQ:RBB) announced today the appointment of Messrs. Robert Franko and Scott Polakoff to its Board of Directors, effective April 20, 2023. Mr. Franko is also being appointed to the Board of Directors of the Bank, and Mr. Polakoff is only being appointed to the Board of Directors of RBB Bancorp at this time. "We are pleased to welcome Bob and Scott to the RBB Board of Directors," said Dr. James Kao, Chairman of RBB Bancorp. "Their experience in the financial services industry will be invaluable to us as we seek to maximize long-term shareholder value." Mr. Franko has more than 35 years of commercial banking experience, most recently serving as the President & CEO of First

RBB Bancorp (NASDAQ:RBB) (the "Company") and its subsidiary Royal Business Bank (the "Bank"), today announced the appointment of Alex Ko as Executive Vice President and Chief Financial Officer, effective March 1, 2023. Prior to joining the Company, Mr. Ko was a Senior Executive Vice President and Chief Financial Officer at Hope Bancorp, Inc., a publicly traded bank with $19.2 billion in assets, where he served as key leadership roles in corporate strategic planning and financial reporting. David Morris, President and CEO of RBB Bancorp, commented, "We are excited to welcome Alex as Chief Financial Officer and look forward to his contributions as a valued member of our executive team. His

RBB Bancorp (NASDAQ:RBB) announced Co-Founder and EVP Simon Pang's appointment of to the President's Advisory Commission on Asian Americans, Native Hawaiians, and Pacific Islanders. Mr. Pang is one of 23 other prominent members of the AAPI community charged with advising the President on policies to address anti-Asian xenophobia, violence, and other barriers faced by Asian Americans. "I am honored to be appointed to the President's advisory commission," said Mr. Pang. "I look forward to working with other leaders to advise the President on ways the public, private, and non-profit sectors can work together to advance equity and opportunity for every Asian American, Native Hawaiian, and Paci

RBB Bancorp (NASDAQ:RBB) announced President and CEO Alan Thian's appointment to the Advisory Board of the U.S. Department of the Treasury's Community Development Financial Institutions Fund. Mr. Thian is one of nine community development leaders nationwide appointed to advise the CDFI Fund Director on the policies of the CDFI Fund. "I am honored to serve as a member of the Community Development Advisory Board," said Mr. Thian. "I look forward to working with leaders from around the country to further the CDFI Fund's mission of empowering America's economically distressed communities." The Community Development Financial Institutions Fund (CDFI Fund) plays an important role in generating

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Hovde Group resumed coverage of RBB Bancorp with a rating of Market Perform and set a new price target of $20.00

Hovde Group reiterated coverage of RBB Bancorp with a rating of Market Perform and set a new price target of $20.00 from $19.00 previously

Hovde Group resumed coverage of RBB Bancorp with a rating of Market Perform and set a new price target of $19.00

Piper Sandler resumed coverage of RBB Bancorp with a rating of Neutral

Piper Sandler downgraded RBB Bancorp from Neutral to Underweight and set a new price target of $25.50 from $30.00 previously

Janney downgraded RBB Bancorp from Buy to Neutral and set a new price target of $27.00

Janney Montgomery Scott downgraded RBB Bancorp from Buy to Neutral

Hovde Group downgraded RBB Bancorp from Outperform to Market Perform and set a new price target of $30.00 from $35.00 previously

Stephens downgraded RBB Bancorp from Overweight to Equal-Weight and set a new price target of $26.50 from $27.50 previously

Janney upgraded RBB Bancorp from Neutral to Buy and set a new price target of $24.00