RBB Bancorp operates as the bank holding company for Royal Business Bank that provides various banking products and services to the Chinese-American, Korean-American, and other Asian-American communities. Its deposit products include checking, savings, and money market accounts, as well as certificates of deposit. The company also offers commercial and industrial lines of credit, term loans, mortgage warehouse lines, and international trade discounts; commercial real estate loans; residential, commercial, and land acquisition and development construction loans; small business administration loans; and single-family residential mortgage loans. In addition, it provides international letters of credit, SWIFT, export advisory, trade finance discount, and foreign exchange services; and remote deposit, e-banking, and mobile banking services. The company primarily offers its products and services to individuals, businesses, municipalities, and other entities. As of December 20, 2020, it operated nine branches in Los Angeles County; one branch in Orange County, Irvine; two branches in Ventura County; one branch in Las Vegas, Nevada; six branches in New York; 1 in Edison, New Jersey; and two branches in Chicago. RBB Bancorp was founded in 2008 and is headquartered in Los Angeles, California.
IPO Year: 2017
Exchange: NASDAQ
Website: royalbusinessbankusa.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/15/2024 | $20.00 | Market Perform | Hovde Group |
| 4/24/2024 | $19.00 → $20.00 | Market Perform | Hovde Group |
| 4/22/2024 | $19.00 | Market Perform | Hovde Group |
| 7/18/2023 | Neutral | Piper Sandler | |
| 3/29/2022 | $30.00 → $25.50 | Neutral → Underweight | Piper Sandler |
| 2/23/2022 | $27.00 | Buy → Neutral | Janney |
| 2/23/2022 | Buy → Neutral | Janney Montgomery Scott | |
| 2/22/2022 | $35.00 → $30.00 | Outperform → Market Perform | Hovde Group |
| 8/12/2021 | $27.50 → $26.50 | Overweight → Equal-Weight | Stephens |
LOS ANGELES, May 29, 2025 (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 that its Board of Directors authorized a stock repurchase plan providing for the repurchase of up to $18 million of the Company's outstanding common stock through June 30, 2026. The repurchase plan permits shares to be purchased in open market or private transactions, through block trades, and pursuant to any trading plan that may be adopted in accordance with Rules 10b5-1 and 10b-18 of the Securities and Exchange Commission. The authorized repurchase plan may be s
LOS ANGELES, April 28, 2025 (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 March 31, 2025. First Quarter 2025 Highlights Net income totaled $2.3 million, or $0.13 diluted earnings per shareReturn on average assets of 0.24%, compared to 0.44% for the quarter ended December 31, 2024Net interest margin expanded to 2.88%, up from 2.76% for the quarter ended December 31, 2024Net loans held for investment growth of $89.8 million, or 12% annualized Nonperforming assets decreased $16.5 million, or 20.3%,
LOS ANGELES, April 17, 2025 (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 that its Board of Directors has declared a quarterly cash dividend of $0.16 per common share. The dividend is payable on May 12, 2025 to common shareholders of record as of April 30, 2025. Corporate Overview RBB Bancorp is a bank holding company headquartered in Los Angeles, California. As of December 31, 2024, the Company had total assets of $4.0 billion. Its wholly-owned subsidiary, Royal Business Bank, is a full service commercial bank, which provides consume
LOS ANGELES, April 07, 2025 (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", today announced that it will release financial results for its first quarter ended March 31, 2025 after the markets close on Monday, April 28, 2025. Management will hold a conference call at 11:00 a.m. Pacific Time/2:00 p.m. Eastern Time on Tuesday, April 29, 2025 to discuss the Company's financial results. To listen to the conference call, please dial 1-888-506-0062 or 1-973-528-0011, passcode 534591, Conference ID RBBQ125. A replay of the call will be made available at
LOS ANGELES, Feb. 03, 2025 (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 and fiscal year ended December 31, 2024. Fourth Quarter 2024 Highlights Net income totaled $4.4 million, or $0.25 diluted earnings per shareReturn on average assets of 0.44%, compared to 0.72% for the quarter ended September 30, 2024Net interest margin of 2.76% compared to 2.68% for the quarter ended September 30, 2024Book value and tangible book value per share(1) of $28.66 and $24.51 at December 31, 2024, compared to $28.81
LOS ANGELES, Jan. 17, 2025 (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", today announced that it rescheduled the release of financial results for its fourth quarter and year ended December 31, 2024 to after the markets close on Monday, February 3, 2025. The Company and its advisors require additional time to complete quarterly and year end-related analysis necessary to report financial results. Management will hold a conference call at 11:00 a.m. Pacific Time/2:00 p.m. Eastern Time on Tuesday, February 4, 2025 to discuss the Company's finan
LOS ANGELES, Jan. 16, 2025 (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 that its Board of Directors has declared a quarterly cash dividend of $0.16 per common share. The dividend is payable on February 12, 2025 to common shareholders of record as of January 31, 2025. Update on Wildfire Impact to the Company In response to the catastrophic fires in Los Angeles County, the Bank has partnered with non-profit organizations serving low-to-moderate income communities and donated $30,000 to provide essential supplies to affected families. I
LOS ANGELES, Jan. 02, 2025 (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", today announced it will release financial results for its fourth quarter and year ended December 31, 2024 after the markets close on Tuesday, January 21, 2025. Management will hold a conference call at 11:00 a.m. Pacific Time/2:00 p.m. Eastern Time on Wednesday, January 22, 2025 to discuss the Company's financial results. To listen to the conference call, please dial 1-888-506-0062 or 1-973-528-0011, passcode 834092, Conference ID RBBQ424. A replay of the call will be mad
LOS ANGELES, Dec. 19, 2024 (GLOBE NEWSWIRE) -- RBB Bancorp (the "Company") (NASDAQ: RBB) is pleased to announce that effective January 1, 2025, Mr. Johnny Lee, currently President and Chief Banking Officer of Royal Business Bank (the "Bank"), will be appointed as President of the Company, President and Chief Executive Officer of the Bank and a director of the Company and Bank. In addition, effective as of May 22, 2025, Mr. Lee will be appointed as Chief Executive Officer of the Company. Mr. Lee brings a wealth of knowledge and experience to the Company from various financial institutions, and the Company will continue to benefit and grow with his leadership. Prior to joining the Company i
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 pro