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
Analyze how earnings announcements historically affect stock price performance