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Dec 31, 2024
Rbb Bancorp Q4 2024 Earnings Report
Reported net income of $4.4 million, or $0.25 diluted earnings per share, for the quarter ended December 31, 2024.
Key Takeaways
RBB Bancorp reported a net income of $4.4 million, or $0.25 diluted earnings per share, for the fourth quarter of 2024. Net interest income increased to $26.0 million, driven by declining funding costs and stable interest income. The company saw an increase in nonperforming loans due to one credit relationship downgrade, which they are actively working to resolve.
Net income was $4.4 million, or $0.25 diluted earnings per share.
Net interest income increased to $26.0 million due to lower funding costs and stable interest income.
Nonperforming loans increased due to a downgrade of one credit relationship.
Provision for credit losses was $6.0 million, driven by an increase in specific reserves and net charge-offs.
Revenue by Segment
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