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Jun 30, 2024
Rbb Bancorp Q2 2024 Earnings Report
RBB Bancorp's financial performance was reported for the second quarter of 2024, showing a net income of $7.2 million and earnings per share of $0.39.
Key Takeaways
RBB Bancorp reported a net income of $7.2 million, or $0.39 diluted earnings per share, for the quarter ended June 30, 2024. The company saw modest loan growth and unchanged funding costs, but also experienced a slight decrease in net interest margin and an increase in non-performing loans.
Net income was $7.2 million, or $0.39 diluted earnings per share.
Net interest income decreased to $24.0 million.
Nonperforming assets increased to $54.6 million, or 1.41% of total assets.
Total deposits were $3.0 billion.
Forward Guidance
RBB Bancorp anticipates ongoing net loan growth due to positive loan pipeline activity.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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