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Rbb Bancorp (RBB)
NASDAQ:RBB
Earnings Data
Report Date
Apr 28, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.38Last Year’s EPS
0.43Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 03, 2025
|% Change Since: -4.75%
|Next Earnings Date:Apr 28, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. While the bank achieved growth in non-interest bearing deposits and improved net interest margin, challenges with non-performing loans, credit losses, and declining net income overshadowed the positive aspects. The leadership transition is positive but comes amidst these financial challenges.Company Guidance
During the fourth quarter of 2024 earnings call for RBB Bancorp, several key metrics and guidance were highlighted. The bank reported a net income of $4.4 million, or $0.25 per share, reflecting a decrease primarily due to credit issues being addressed. The net interest margin saw an improvement by 8 basis points to 2.76%, attributed to a 33 basis point reduction in the cost of interest-bearing deposits. Loan production reached $126 million, although total loans decreased by $28 million due to paydowns and refinancings. Non-performing loans increased by $20.4 million, largely due to a $26.4 million construction and development (C&D) loan moving to non-accrual status. The provision for credit losses rose to $6 million from $3.3 million in the previous quarter, influenced by specific reserves for the C&D loan. The bank's total deposits remained stable at $3.1 million, with a noted $20 million increase in non-interest-bearing deposits. Additionally, the cost of deposits decreased by 30 basis points to an average of 3.35%. Looking forward, the bank anticipates cautious loan growth while focusing on resolving non-performing loans and maintaining capital strength.Increase in Net Interest Margin
Net interest margin increased by 8 basis points due to a 33 basis point decline in the cost of interest-bearing deposits.
Loan Production Achievements
Achieved $126 million of loan production in the fourth quarter, indicating robust lending activities despite some challenges.
Growth in Non-Interest Bearing Deposits
The bank saw a $20 million increase in non-interest bearing deposits, demonstrating the ability to attract low-cost funding.
Leadership Transition
Johnny Lee appointed as President and CEO, with David Morris retiring but remaining on the Board of Directors.
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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 |
|---|---|---|---|
| Feb 03, 2025 | $18.53 | $18.55 | +0.11% |
| Oct 21, 2024 | $22.87 | $22.45 | -1.84% |
| Jul 22, 2024 | $21.87 | $21.86 | -0.05% |
| Apr 22, 2024 | $17.70 | $17.69 | -0.06% |
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 Apr 28, 2025, TBA Not Confirmed.
What is Rbb Bancorp (RBB) earnings time?
Rbb Bancorp (RBB) earnings time is at Apr 28, 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 2025 (Q1) is 0.38.
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