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Rbb Bancorp (RBB)
:RBB
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Earnings Data
Report Date
Jan 21, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.36Last Year’s EPS
0.44Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 22, 2018
|% Change Since: -13.01%
|Next Earnings Date:Jul 23, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted successful loan and deposit growth and the resolution of regulatory issues, while also addressing challenges with nonperforming loans and special mention loans. Though there were positive aspects, the increase in nonperforming assets and the environmental issue with a significant loan present notable concerns.Company Guidance
During the RBB Bancorp Q3 2024 earnings call, the management provided detailed guidance on several financial metrics. The company reported a net income of $7 million, or $0.39 per share, which included a pretax $2.8 million recovery on a fully charged-off loan and a $3.3 million credit provision. The net interest margin saw a slight increase of 1 basis point, reaching 2.68%. Loan growth was robust, with an increase of $44 million, driven by $175 million in loan production at a weighted average rate of 7.26%. Deposits rose by $69 million, with wholesale deposits constituting 4.8% of total deposits, down from 13.9% a year ago. Nonperforming loans amounted to $60.7 million, representing 1.52% of total assets. The allowance for credit losses increased by $2.1 million, and the tangible book value per share rose to $24.64. The bank also completed a share repurchase program, buying back 508,000 shares at an average price of $21.53 per share.Loan Growth Achieved
Loans increased by $44 million in the third quarter, supported by $175 million of loan production at a weighted average rate of 7.26%.
Deposit Growth
Deposits increased by $69 million from the last quarter, with noninterest-bearing deposits remaining stable.
Regulatory Milestone Achieved
Resolution and termination of the company's consent order were announced, allowing the company to focus on growth opportunities.
Recovery on Charged-Off Loan
$2.8 million recovery on a fully charged-off loan was recorded.
Stable Earnings Per Share
Net income was $7 million or $0.39 per diluted share, matching last quarter's EPS.
Share Repurchase Completion
Completed repurchase of about 508,000 shares at an average price of $21.53, completing the program authorized in February.
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RBB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RBB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 21, 2024 | $23.06 | $22.64 | -1.82% |
| Jul 22, 2024 | $22.06 | $22.04 | -0.09% |
| Apr 22, 2024 | $17.85 | $17.84 | -0.06% |
| Jan 22, 2024 | $17.52 | $17.87 | +2.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Rbb Bancorp (RBB) report earnings?
Rbb Bancorp (RBB) is schdueled to report earning on Jan 21, 2025, TBA Not Confirmed.
What is Rbb Bancorp (RBB) earnings time?
Rbb Bancorp (RBB) earnings time is at Jan 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RBB EPS forecast?
RBB EPS forecast for the fiscal quarter 2024 (Q4) is 0.36.
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