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Rbb Bancorp ( (RBB) ) has issued an announcement.
RBB Bancorp reported its financial results for the fourth quarter and fiscal year ending December 31, 2024. The company experienced a decrease in net income to $4.4 million for the fourth quarter, compared to $7.0 million in the previous quarter. For the fiscal year, net income totaled $26.7 million, down from $42.5 million in 2023. Despite the earnings decline, the company saw improvements in net interest margin and continues to address nonperforming loans. RBB Bancorp also expressed its commitment to supporting the Los Angeles community following recent fires.
More about Rbb Bancorp
RBB Bancorp, listed on NASDAQ under the symbol RBB, operates through its subsidiaries, Royal Business Bank and RBB Asset Management Company. The company is engaged in banking and asset management services, with a focus on financial growth initiatives and community support.
YTD Price Performance: -7.43%
Average Trading Volume: 50,093
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $332.8M
For an in-depth examination of RBB stock, go to TipRanks’ Stock Analysis page.
