Rbb Bancorp

Oct 26, 2020

•

Sep 30, 2020

Rbb Bancorp Q3 2020 Earnings Report

Reported strong earnings, increased net interest margin, and asset and deposit growth.

Key Takeaways

RBB Bancorp reported a net income of $8.5 million, or $0.43 diluted earnings per share, for the quarter ended September 30, 2020. The company experienced strong earnings, increasing net interest margin, and asset and deposit growth. The board of directors approved the reinstatement of the stock repurchase program.

Net income of $8.5 million, or $0.43 diluted earnings per share

Loans held for investment increased by $160.5 million, or 24.6% annualized growth, from the end of the prior quarter

Total deposits (excluding brokered deposits) increased by $160.2 million, or 26.2% annualized growth, from the end of the prior quarter

Nonperforming assets to total assets of 0.54%, improving 2 basis points from the prior quarter

Total Revenue

$30M

Previous year: $26.3M