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Dec 31, 2019
Rbb Bancorp Q4 2019 Earnings Report
RBB Bancorp achieved record net income and EPS, driven by revenue growth and well-managed expenses.
Key Takeaways
RBB Bancorp reported a record net income of $10.7 million, or $0.52 diluted earnings per share, for the quarter ended December 31, 2019. The company's performance was driven by significant revenue growth, well-managed expenses, and disciplined balance sheet management. The company also completed the acquisition of Pacific Global Bank on January 10, 2020.
Record net income of $10.7 million, or $0.52 diluted earnings per share.
Loans held for investment increased by $70.8 million from the end of the prior quarter.
Total deposits (excluding brokered deposits) increased by $32.6 million from the end of the prior quarter.
Completed the acquisition of Pacific Global Bank on January 10, 2020.
Revenue by Segment
Forward Guidance
RBB Bancorp plans to integrate Pacific Global Bank and open two new branches in metro Chicago in the next two years.
Positive Outlook
- Completing the acquisition of PGB Holdings, Inc. and its wholly-owned subsidiary Pacific Global Bank
- Plans to supplement the lending products offered by PGB with mortgage, SBA 7A, small C&I and construction lending products
- Entering the Chicago market and intends to open two new branches in metro Chicago in the next two years
- Strong presence in the largest Asian-American markets in three of the top major metro areas in the country, positioning RBB to continue our robust growth
- Built a strong business model centered around core community banking that we believe will produce attractive long-term returns for our shareholders
Challenges Ahead
- Local, regional, national and international economic and market conditions and events and the impact they may have on us, our customers and our assets and liabilities
- Our ability to attract deposits and other sources of funding or liquidity
Historical Earnings Impact
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Avg. Return Before/After Earnings
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