RBB Bancorp reported a record net income of $15.4 million, or $0.77 diluted earnings per share, for the quarter ended September 30, 2021. The results were driven by the company's differentiated business model and were positively impacted by a $1.8 million CDFI grant.
Record net income of $15.4 million, or $0.77 diluted earnings per share.
Net income increased $2.0 million, or 14.8%, from the prior quarter.
Net income increased $6.8 million, or 80.3%, from the third quarter of 2020.
Third quarter results included the impact of a $1.8 million CDFI grant that increased diluted earnings per share by approximately $0.07.
No specific forward guidance was provided in the earnings report.
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