Latest news with #RBBBancorp
Yahoo
23-07-2025
- Business
- Yahoo
RBB Bancorp (RBB) Q2 2025 Earnings Call Highlights: Strong Loan Growth and Strategic Buyback ...
Net Income: $9.3 million or $0.52 per share, including a $2.9 million after-tax net income from an employee retention tax credit refund. Loan Growth: Loans held for investment grew by $92 million or 12% annualized. Loan Originations: Total of $183 million at a blended yield of 6.76%. Net Interest Margin (NIM): Increased to 2.92%, a 4-basis-point increase from the previous quarter. Net Interest Income: Increased by $1.2 million to $27.3 million. Noninterest Expenses: Increased by $2 million to $20.5 million, with $1.2 million related to the ERC refund. Provision for Credit Losses: $2.4 million, including $1.5 million for net loan growth. Net Charge-offs: $3.3 million, primarily related to one lending relationship. Nonperforming Loans (NPLs): Decreased by $3.6 million to $56.8 million, representing 1.76% of loans held for investment. Total Deposits: Increased at a 6% annualized rate to $3.2 billion. Tangible Book Value per Share: Increased to $25.11. Warning! GuruFocus has detected 5 Warning Signs with RBB. Release Date: July 22, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points RBB Bancorp (NASDAQ:RBB) reported a net income of $9.3 million or $0.52 per share, driven by solid loan growth and stable earning asset yields. Loans held for investment grew by $92 million or 12% on an annualized basis, with strong contributions from the in-house mortgage origination business. Net interest margin increased to 2.92%, marking a 25 basis point increase over the last four quarters. Total deposits increased at a 6% annualized rate to $3.2 billion, with growth in noninterest-bearing deposits and CDs. RBB Bancorp (NASDAQ:RBB) announced an $18 million stock buyback program, indicating confidence in the company's valuation and financial position. Negative Points Criticized and classified assets increased, with a notable rise in substandard loans to $91 million. Net charge-offs amounted to $3.3 million, primarily related to one lending relationship. Noninterest expenses increased by $2 million to $20.5 million, partly due to executive management transition and incentive payments. Loan-to-deposit ratio exceeded 100%, indicating a potential imbalance between loan growth and deposit acquisition. The bank faces challenges in reducing deposit costs without rate cuts, amidst a competitive environment for liquidity. Q & A Highlights Q: Can you discuss the capital and buyback strategy given the current stock trading price and credit workout? A: Lynn Hopkins, CFO, explained that the buyback program was modest due to timing but views the stock as attractive relative to tangible book value. The approved buyback represents about 5% of the stock, and the company has sufficient liquidity to support both the buyback and credit workout initiatives. Q: Can you provide more details on the loans downgraded to substandard and special mention this quarter? A: Johnny Lee, CEO, noted that the downgrades were part of enhanced credit quality control efforts. The loans, mainly bridge and gap loans, are still performing with manageable LTVs. Lynn Hopkins added that two main credits were downgraded due to transitioning to a higher interest rate environment but remain on accrual status. Q: How sustainable is the dual path of growing loans while addressing asset quality issues? A: Johnny Lee stated that the company can continue this dual path, with a focus on resolving non-performing loans. The pipeline remains healthy, supporting continued loan growth. Lynn Hopkins added that the business model execution is strong, with a 12% annualized loan growth and a healthy pipeline. Q: What is the outlook for loan and deposit growth, given the current loan-to-deposit ratio? A: Johnny Lee mentioned that while the loan-to-deposit ratio is high, the company is focused on quality loans and organic deposit growth through promotions. Lynn Hopkins added that there is potential for loan sales in the second half of the year to manage the ratio, and the company is comfortable with its current position. Q: What are the expectations for deposit costs and the impact of potential Fed rate cuts? A: Lynn Hopkins noted that while competition for liquidity remains high, the company has historically been successful in reducing deposit rates following rate cuts. The expectation is to push down deposit costs if rates decrease, with CDs maturing at higher rates providing an opportunity for repricing. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
San Francisco Chronicle
21-07-2025
- Business
- San Francisco Chronicle
RBB: Q2 Earnings Snapshot
LOS ANGELES (AP) — LOS ANGELES (AP) — RBB Bancorp (RBB) on Monday reported second-quarter profit of $9.3 million. The Los Angeles-based bank said it had earnings of 52 cents per share. The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share. The bank holding company posted revenue of $62.7 million in the period. Its revenue net of interest expense was $35.8 million, which also beat Street forecasts. Five analysts surveyed by Zacks expected $29.5 million. _____
Globe and Mail
01-07-2025
- Business
- Globe and Mail
RBB Bancorp to Report Second Quarter 2025 Financial Results
LOS ANGELES, July 01, 2025 (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 that it will release financial results for its second quarter ended June 30, 2025 after the markets close on Monday, July 21, 2025. Management will hold a conference call at 11:00 a.m. Pacific Time/2:00 p.m. Eastern Time on Tuesday, July 22, 2025 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 710803, Conference ID RBBQ225. A replay of the call will be made available at 1-877-481-4010 or 1-919-882-2331, passcode 52690, approximately one hour after the conclusion of the call and will remain available through August 05, 2025. Additionally, interested parties can listen to a live webcast of the call in the "Investor Relations" section of the Company's website at This webcast will be recorded and available for replay on the Company's website approximately two hours after the conclusion of the conference call. Corporate Overview RBB Bancorp is a community-based financial holding company headquartered in Los Angeles, California. As of March 31, 2025, the Company had total assets of $4.0 billion. Its wholly-owned subsidiary, Royal Business Bank, is a full service commercial bank, which provides consumer and business banking services predominantly to the Asian-centric communities in Los Angeles County, Orange County, and Ventura County in California, in Las Vegas, Nevada, in Brooklyn, Queens, and Manhattan in New York, in Edison, New Jersey, in the Chicago neighborhoods of Chinatown and Bridgeport, Illinois, and on Oahu, Hawaii. Bank services include remote deposit, E-banking, mobile banking, commercial and investor real estate loans, business loans and lines of credit, commercial and industrial loans, SBA 7A and 504 loans, 1-4 single family residential loans, trade finance, a full range of depository account products and wealth management services. The Bank has nine branches in Los Angeles County, two branches in Ventura County, one branch in Orange County, California, one branch in Las Vegas, Nevada, three branches and one loan operation center in Brooklyn, three branches in Queens, one branch in Manhattan in New York, one branch in Edison, New Jersey, two branches in Chicago, Illinois, and one branch in Honolulu, Hawaii. The Company's administrative and lending center is located at 1055 Wilshire Blvd., Los Angeles, California 90017, and its finance and operations center is located at 7025 Orangethorpe Ave., Buena Park, California 90621. The Company's website address is
Yahoo
01-07-2025
- Business
- Yahoo
RBB Bancorp to Report Second Quarter 2025 Financial Results
LOS ANGELES, July 01, 2025 (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 that it will release financial results for its second quarter ended June 30, 2025 after the markets close on Monday, July 21, 2025. Management will hold a conference call at 11:00 a.m. Pacific Time/2:00 p.m. Eastern Time on Tuesday, July 22, 2025 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 710803, Conference ID RBBQ225. A replay of the call will be made available at 1-877-481-4010 or 1-919-882-2331, passcode 52690, approximately one hour after the conclusion of the call and will remain available through August 05, 2025. Additionally, interested parties can listen to a live webcast of the call in the "Investor Relations" section of the Company's website at This webcast will be recorded and available for replay on the Company's website approximately two hours after the conclusion of the conference call. Corporate Overview RBB Bancorp is a community-based financial holding company headquartered in Los Angeles, California. As of March 31, 2025, the Company had total assets of $4.0 billion. Its wholly-owned subsidiary, Royal Business Bank, is a full service commercial bank, which provides consumer and business banking services predominantly to the Asian-centric communities in Los Angeles County, Orange County, and Ventura County in California, in Las Vegas, Nevada, in Brooklyn, Queens, and Manhattan in New York, in Edison, New Jersey, in the Chicago neighborhoods of Chinatown and Bridgeport, Illinois, and on Oahu, Hawaii. Bank services include remote deposit, E-banking, mobile banking, commercial and investor real estate loans, business loans and lines of credit, commercial and industrial loans, SBA 7A and 504 loans, 1-4 single family residential loans, trade finance, a full range of depository account products and wealth management services. The Bank has nine branches in Los Angeles County, two branches in Ventura County, one branch in Orange County, California, one branch in Las Vegas, Nevada, three branches and one loan operation center in Brooklyn, three branches in Queens, one branch in Manhattan in New York, one branch in Edison, New Jersey, two branches in Chicago, Illinois, and one branch in Honolulu, Hawaii. The Company's administrative and lending center is located at 1055 Wilshire Blvd., Los Angeles, California 90017, and its finance and operations center is located at 7025 Orangethorpe Ave., Buena Park, California 90621. The Company's website address is ContactsLynn Hopkins, EVP and Chief Financial Officer, (657) 255-3282
Yahoo
27-05-2025
- Business
- Yahoo
RBB Bancorp Insider Ups Holding During Year
Viewing insider transactions for RBB Bancorp's (NASDAQ:RBB ) over the last year, we see that insiders were net buyers. This means that a larger number of shares were purchased by insiders in relation to shares sold. While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Over the last year, we can see that the biggest insider purchase was by Independent Director James W. Kao for US$161k worth of shares, at about US$17.31 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$16.13). Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. The only individual insider to buy over the last year was James W. Kao. James W. Kao bought a total of 17.31k shares over the year at an average price of US$17.19. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction! See our latest analysis for RBB Bancorp RBB Bancorp is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying. Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. RBB Bancorp insiders own about US$26m worth of shares. That equates to 9.2% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders. Insider purchases may have been minimal, in the last three months, but there was no selling at all. Overall the buying isn't worth writing home about. However, our analysis of transactions over the last year is heartening. Insiders own shares in RBB Bancorp and we see no evidence to suggest they are worried about the future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Every company has risks, and we've spotted 2 warning signs for RBB Bancorp you should know about. But note: RBB Bancorp may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
