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RBB Bancorp reported a net income of $12.0 million, or $0.63 diluted earnings per share, for the quarter ended September 30, 2023. The company saw an increase in net income compared to the previous quarter, stabilization in credit, and a reduction in expenses.
Net income increased to $12.0 million, or $0.63 diluted earnings per share.
Net interest income decreased to $27.6 million.
Return on average assets increased to 1.17%.
Return on average tangible common equity increased to 11.04%.
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