RBB Bancorp Reports Third Quarter 2024 Earnings and Declares Quarterly Cash Dividend of $0.16 Per Common Share
RBB Bancorp (RBB)
Last rbb bancorp earnings: 4/20 04:11 pm
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US:NASDAQ Investor Relations:
royalbusinessbankusa.com/investor-relations.htm
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Source: GlobeNewswire
LOS ANGELES, Oct. 21, 2024 (GLOBE NEWSWIRE) -- RBB Bancorp (NASDAQ:RBB) and its subsidiaries, Royal Business Bank (the “Bank”) and RBB Asset Management Company (“RAM”), collectively referred to herein as “the Company,” announced financial results for the quarter ended September 30, 2024. Third Quarter 2024 Highlights Net income totaled $7.0 million, or $ 0.39 diluted earnings per shareReturn on average assets of 0.72%, compared to 0.76% for the quarter ended June 30, 2024Net interest margin of 2.68% compared to 2.67% for the quarter ended June 30, 2024Repurchased 508,275 shares of common stock for $11.0 million during the quarter ended September 30, 2024, and completed the authorized programBook value and tangible book value per share(1) increased to $28.81 and $24.64 at September 30, 2024, up from $28.12 and $24.06 at June 30, 2024 The Company reported net income of $7.0 million, or $ 0.39 diluted earnings per share, for the quarter ended September 30, 2024, compared to net inco
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