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RBB Bancorp reported a net income of $7.0 million, or $0.39 diluted earnings per share, for the quarter ended September 30, 2024. Loan growth was at an annualized rate of 6%, and net interest margin increased slightly.
Net income was $7.0 million, or $0.39 diluted earnings per share.
Loans increased at a 6% annualized rate.
Net interest margin increased slightly.
Nonperforming loans are expected to be resolved by mid-2025.
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