First quarter net income included $6.7M in pre-tax provision for credit losses mostly related to reducing exposure to nonperforming loans, including higher specific reserves. Reports Q1 tangible book value per share $28.77. Reports Q1 CET1 capital ratio 0.35%. “First quarter net income declined to $2.3 million, or 13 cents per share, as we took decisive action to address our nonperforming loans,” said David Morris, CEO of RBB Bancorp (RBB).
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RBB:
- Ex-Dividend Date Nearing for These 10 Stocks – Week of April 28, 2025
- Rbb Bancorp (RBB) Q1 Earnings Cheat Sheet
- RBB Bancorp CEO Retirement Announcement
- Rbb Bancorp’s Acquisition Strategy: Navigating Risks and Challenges to Protect Shareholder Value
- RBB Bancorp Engages Investors at Piper Sandler Forum
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue