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Dec 31, 2022
Rbb Bancorp Q4 2022 Earnings Report
Reported record net income, loan growth, increasing loan yields, and declining expenses.
Key Takeaways
RBB Bancorp reported a record net income of $17.6 million, or $0.92 diluted earnings per share, for the fourth quarter of 2022. Loan growth, increasing loan yields, and declining expenses drove the record results. The company's organizational re-alignment is underway, and all internal investigations have concluded.
Record net income of $17.6 million, or $0.92 diluted earnings per share, increased $929,000, or 5.6%, from the prior quarter and increased $1.9 million, or 11.9%, from the fourth quarter of 2021
Loans grew by $114.4 million, or 14.1% annualized, from the end of the prior quarter
Declared $0.16 per share quarterly dividend
The organizational re-alignment is well underway with new hires and clearly defined responsibilities contributing to results
Forward Guidance
The company anticipates continued pressure on deposit costs over the next few quarters due to market forces and the rate environment.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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