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Dec 31, 2020
Rbb Bancorp Q4 2020 Earnings Report
RBB Bancorp's financial performance improved in Q4 2020, with increased net income and diluted earnings per share compared to the previous quarter and the same quarter last year.
Key Takeaways
RBB Bancorp reported a net income of $11.1 million, or $0.56 diluted earnings per share, for the quarter ended December 31, 2020. This represents an increase compared to both the prior quarter and the fourth quarter of 2019. The company's performance was boosted by an increase in net interest margin and gains on loan sales.
Net income reached $11.1 million, or $0.56 diluted earnings per share, showing growth from both the previous quarter and the fourth quarter of 2019.
Total deposits (excluding brokered deposits) saw an annualized growth of 3.6% from the end of the prior quarter.
Net interest income, before provision for loan losses, increased to $28.9 million compared to $27.3 million in the third quarter of 2020.
Noninterest income increased by $1.8 million, driven by higher gains on loan sales due to increased market activity.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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