Annual Income Statements for RBB Bancorp
This table shows RBB Bancorp's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for RBB Bancorp
This table shows RBB Bancorp's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Income / (Loss) Attributable to Common Shareholders |
|
17 |
18 |
11 |
11 |
8.47 |
12 |
8.04 |
7.25 |
7.00 |
4.39 |
Consolidated Net Income / (Loss) |
|
17 |
18 |
11 |
11 |
8.47 |
12 |
8.04 |
7.25 |
7.00 |
4.39 |
Net Income / (Loss) Continuing Operations |
|
17 |
18 |
11 |
11 |
8.47 |
12 |
8.04 |
7.25 |
7.00 |
4.39 |
Total Pre-Tax Income |
|
23 |
25 |
16 |
16 |
12 |
17 |
11 |
9.77 |
9.57 |
5.06 |
Total Revenue |
|
42 |
41 |
36 |
34 |
30 |
33 |
28 |
27 |
30 |
29 |
Net Interest Income / (Expense) |
|
39 |
39 |
34 |
32 |
28 |
26 |
25 |
24 |
25 |
26 |
Total Interest Income |
|
46 |
53 |
54 |
57 |
56 |
55 |
55 |
53 |
54 |
55 |
Loans and Leases Interest Income |
|
44 |
50 |
50 |
51 |
48 |
46 |
46 |
46 |
48 |
47 |
Investment Securities Interest Income |
|
1.78 |
1.87 |
2.54 |
3.57 |
4.21 |
3.71 |
3.61 |
3.63 |
3.13 |
3.96 |
Deposits and Money Market Investments Interest Income |
|
0.37 |
0.70 |
0.79 |
2.11 |
3.19 |
4.65 |
5.04 |
3.35 |
3.39 |
3.64 |
Federal Funds Sold and Securities Borrowed Interest Income |
|
0.45 |
0.35 |
0.22 |
0.25 |
0.25 |
0.27 |
0.27 |
0.26 |
0.26 |
0.25 |
Total Interest Expense |
|
7.44 |
14 |
20 |
25 |
28 |
29 |
30 |
29 |
30 |
29 |
Deposits Interest Expense |
|
3.99 |
10 |
16 |
22 |
25 |
26 |
28 |
27 |
28 |
26 |
Long-Term Debt Interest Expense |
|
3.45 |
0.52 |
3.95 |
3.13 |
3.02 |
-0.15 |
2.12 |
2.12 |
2.13 |
0.33 |
Total Non-Interest Income |
|
2.54 |
2.35 |
2.36 |
2.49 |
2.77 |
7.39 |
3.37 |
3.49 |
5.75 |
2.73 |
Other Service Charges |
|
1.94 |
1.84 |
2.00 |
2.13 |
1.39 |
7.55 |
1.95 |
2.36 |
4.29 |
2.55 |
Net Realized & Unrealized Capital Gains on Investments |
|
0.27 |
0.18 |
0.03 |
0.02 |
1.03 |
-0.53 |
1.04 |
0.74 |
1.05 |
-0.23 |
Other Non-Interest Income |
|
0.33 |
0.34 |
0.34 |
0.34 |
0.36 |
0.37 |
0.38 |
0.39 |
0.40 |
0.41 |
Provision for Credit Losses |
|
1.77 |
1.89 |
2.01 |
0.38 |
1.40 |
-0.43 |
0.00 |
0.56 |
3.30 |
6.00 |
Total Non-Interest Expense |
|
17 |
14 |
19 |
19 |
17 |
16 |
17 |
17 |
17 |
18 |
Salaries and Employee Benefits |
|
9.56 |
6.93 |
9.86 |
9.33 |
9.74 |
8.86 |
9.93 |
9.53 |
10 |
9.93 |
Net Occupancy & Equipment Expense |
|
3.66 |
3.57 |
3.70 |
3.79 |
3.73 |
3.74 |
3.86 |
3.91 |
3.99 |
3.90 |
Marketing Expense |
|
0.36 |
0.41 |
0.30 |
0.25 |
0.34 |
0.24 |
0.17 |
0.19 |
0.25 |
0.25 |
Property & Liability Insurance Claims |
|
1.35 |
0.21 |
3.25 |
3.11 |
1.02 |
0.82 |
1.08 |
1.46 |
0.96 |
0.95 |
Other Operating Expenses |
|
1.76 |
1.96 |
1.80 |
2.05 |
1.81 |
2.04 |
1.93 |
2.04 |
2.01 |
2.03 |
Income Tax Expense |
|
6.40 |
7.72 |
4.57 |
4.57 |
3.61 |
5.03 |
3.24 |
2.53 |
2.57 |
0.67 |
Basic Earnings per Share |
|
$0.88 |
$0.93 |
$0.58 |
$0.58 |
$0.45 |
$0.63 |
$0.43 |
$0.39 |
$0.39 |
$0.26 |
Weighted Average Basic Shares Outstanding |
|
18.99M |
19.10M |
18.99M |
18.99M |
19.00M |
18.97M |
18.60M |
18.38M |
17.81M |
18.12M |
Diluted Earnings per Share |
|
$0.87 |
$0.92 |
$0.58 |
$0.58 |
$0.45 |
$0.63 |
$0.43 |
$0.39 |
$0.39 |
$0.26 |
Weighted Average Diluted Shares Outstanding |
|
19.13M |
19.33M |
19.05M |
19.00M |
19.00M |
18.99M |
18.67M |
18.41M |
17.89M |
18.18M |
Weighted Average Basic & Diluted Shares Outstanding |
|
18.97M |
0.00 |
18.99M |
19.00M |
19.00M |
18.62M |
18.44M |
17.80M |
17.69M |
17.73M |
Annual Cash Flow Statements for RBB Bancorp
This table details how cash moves in and out of RBB Bancorp's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
-611 |
348 |
-174 |
Net Cash From Operating Activities |
94 |
51 |
58 |
Net Cash From Continuing Operating Activities |
94 |
51 |
58 |
Net Income / (Loss) Continuing Operations |
64 |
42 |
27 |
Consolidated Net Income / (Loss) |
64 |
42 |
27 |
Provision For Loan Losses |
4.94 |
3.36 |
9.86 |
Depreciation Expense |
2.02 |
2.02 |
1.90 |
Amortization Expense |
4.91 |
3.70 |
3.68 |
Non-Cash Adjustments to Reconcile Net Income |
19 |
1.16 |
23 |
Changes in Operating Assets and Liabilities, net |
-1.32 |
-1.41 |
-6.32 |
Net Cash From Investing Activities |
-260 |
243 |
-160 |
Net Cash From Continuing Investing Activities |
-260 |
243 |
-160 |
Purchase of Property, Leasehold Improvements and Equipment |
-2.07 |
-0.65 |
-0.79 |
Purchase of Investment Securities |
-405 |
-695 |
-417 |
Sale of Property, Leasehold Improvements and Equipment |
1.05 |
0.03 |
0.00 |
Divestitures |
71 |
0.00 |
0.00 |
Sale and/or Maturity of Investments |
75 |
939 |
258 |
Net Cash From Financing Activities |
-444 |
53 |
-72 |
Net Cash From Continuing Financing Activities |
-444 |
53 |
-72 |
Net Change in Deposits |
-489 |
197 |
-91 |
Issuance of Debt |
570 |
80 |
50 |
Repayment of Debt |
-500 |
-205 |
0.00 |
Repurchase of Common Equity |
-20 |
-6.80 |
-21 |
Payment of Dividends |
-11 |
-12 |
-12 |
Other Financing Activities, Net |
5.48 |
0.30 |
1.73 |
Cash Interest Paid |
30 |
94 |
121 |
Cash Income Taxes Paid |
24 |
21 |
6.23 |
Quarterly Cash Flow Statements for RBB Bancorp
This table details how cash moves in and out of RBB Bancorp's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Change in Cash & Equivalents |
|
-151 |
-91 |
147 |
16 |
84 |
101 |
-162 |
-16 |
97 |
-92 |
Net Cash From Operating Activities |
|
26 |
23 |
17 |
18 |
25 |
-8.81 |
4.85 |
12 |
25 |
17 |
Net Cash From Continuing Operating Activities |
|
26 |
23 |
17 |
18 |
25 |
-8.81 |
4.85 |
12 |
25 |
17 |
Net Income / (Loss) Continuing Operations |
|
17 |
18 |
11 |
11 |
8.47 |
12 |
8.04 |
7.25 |
7.00 |
4.39 |
Consolidated Net Income / (Loss) |
|
17 |
18 |
11 |
11 |
8.47 |
12 |
8.04 |
7.25 |
7.00 |
4.39 |
Provision For Loan Losses |
|
1.77 |
1.89 |
2.01 |
0.38 |
1.40 |
-0.43 |
0.00 |
0.56 |
3.30 |
6.00 |
Depreciation Expense |
|
0.52 |
0.15 |
0.50 |
0.52 |
0.50 |
0.50 |
0.48 |
0.47 |
0.47 |
0.47 |
Amortization Expense |
|
4.90 |
-2.75 |
2.17 |
-0.29 |
4.70 |
-2.89 |
2.15 |
-0.37 |
4.68 |
-2.78 |
Non-Cash Adjustments to Reconcile Net Income |
|
-0.24 |
5.99 |
2.70 |
7.97 |
8.18 |
-18 |
-4.25 |
2.98 |
9.45 |
15 |
Changes in Operating Assets and Liabilities, net |
|
2.19 |
-0.34 |
-1.54 |
-1.51 |
2.02 |
-0.37 |
-1.56 |
0.80 |
-0.40 |
-5.15 |
Net Cash From Investing Activities |
|
-96 |
-108 |
-40 |
46 |
84 |
153 |
-17 |
-13 |
-33 |
-98 |
Net Cash From Continuing Investing Activities |
|
-96 |
-108 |
-40 |
46 |
84 |
153 |
-17 |
-13 |
-33 |
-98 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-0.26 |
-0.59 |
-0.52 |
-0.07 |
-0.03 |
-0.04 |
-0.15 |
-0.15 |
-0.26 |
-0.23 |
Purchase of Investment Securities |
|
-203 |
159 |
-93 |
-143 |
-167 |
-292 |
-114 |
-134 |
-97 |
-72 |
Sale and/or Maturity of Investments |
|
107 |
-338 |
54 |
189 |
251 |
445 |
98 |
121 |
65 |
-26 |
Net Cash From Financing Activities |
|
-80 |
-5.63 |
170 |
-49 |
-24 |
-44 |
-150 |
-15 |
105 |
-11 |
Net Cash From Continuing Financing Activities |
|
-80 |
-5.63 |
170 |
-49 |
-24 |
-44 |
-150 |
-15 |
105 |
-11 |
Net Change in Deposits |
|
-68 |
18 |
173 |
24 |
-21 |
21 |
-146 |
-4.75 |
69 |
-8.42 |
Repurchase of Common Equity |
|
-1.98 |
-1.02 |
0.00 |
- |
- |
-6.80 |
-1.48 |
-8.14 |
-11 |
-0.01 |
Payment of Dividends |
|
-2.66 |
-2.66 |
-3.04 |
-3.04 |
-3.04 |
-3.05 |
-2.98 |
-3.01 |
-2.87 |
-2.86 |
Other Financing Activities, Net |
|
2.58 |
0.04 |
0.16 |
- |
- |
0.14 |
0.48 |
0.46 |
0.26 |
0.54 |
Cash Interest Paid |
|
5.09 |
14 |
19 |
22 |
24 |
29 |
35 |
29 |
30 |
27 |
Cash Income Taxes Paid |
|
4.19 |
4.76 |
-0.05 |
2.35 |
0.53 |
19 |
0.00 |
3.77 |
1.06 |
1.39 |
Annual Balance Sheets for RBB Bancorp
This table presents RBB Bancorp's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
2022 |
2023 |
2024 |
Total Assets |
3,919 |
4,026 |
3,992 |
Cash and Due from Banks |
84 |
23 |
28 |
Interest Bearing Deposits at Other Banks |
0.60 |
409 |
230 |
Time Deposits Placed and Other Short-Term Investments |
- |
0.60 |
0.60 |
Trading Account Securities |
263 |
326 |
437 |
Loans and Leases, Net of Allowance |
3,295 |
2,990 |
3,006 |
Loans and Leases |
3,336 |
3,032 |
3,053 |
Allowance for Loan and Lease Losses |
41 |
42 |
48 |
Premises and Equipment, Net |
27 |
26 |
25 |
Goodwill |
71 |
71 |
71 |
Intangible Assets |
3.72 |
2.80 |
2.01 |
Other Assets |
175 |
178 |
194 |
Total Liabilities & Shareholders' Equity |
3,919 |
4,026 |
3,992 |
Total Liabilities |
3,434 |
3,515 |
3,485 |
Non-Interest Bearing Deposits |
799 |
540 |
563 |
Interest Bearing Deposits |
2,179 |
2,635 |
2,521 |
Accrued Interest Payable |
21 |
24 |
36 |
Long-Term Debt |
408 |
284 |
335 |
Other Long-Term Liabilities |
28 |
32 |
30 |
Commitments & Contingencies |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
485 |
511 |
508 |
Total Preferred & Common Equity |
484 |
511 |
508 |
Preferred Stock |
0.00 |
0.00 |
0.00 |
Total Common Equity |
484 |
511 |
508 |
Common Stock |
280 |
276 |
264 |
Retained Earnings |
226 |
255 |
264 |
Accumulated Other Comprehensive Income / (Loss) |
-22 |
-20 |
-20 |
Noncontrolling Interest |
0.07 |
0.07 |
0.07 |
Quarterly Balance Sheets for RBB Bancorp
This table presents RBB Bancorp's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Total Assets |
|
3,905 |
4,110 |
4,076 |
4,069 |
3,878 |
3,868 |
3,990 |
Cash and Due from Banks |
|
174 |
231 |
246 |
331 |
269 |
23 |
26 |
Interest Bearing Deposits at Other Banks |
|
0.60 |
0.60 |
0.60 |
0.60 |
0.60 |
229 |
323 |
Time Deposits Placed and Other Short-Term Investments |
|
- |
- |
- |
- |
- |
0.60 |
0.60 |
Trading Account Securities |
|
294 |
299 |
397 |
360 |
344 |
334 |
312 |
Loans and Leases, Net of Allowance |
|
3,185 |
0.00 |
-44 |
1.38 |
0.47 |
3,006 |
3,048 |
Loans and Leases |
|
3,221 |
- |
-1.02 |
1.38 |
0.47 |
3,048 |
3,092 |
Allowance for Loan and Lease Losses |
|
36 |
- |
43 |
- |
- |
42 |
44 |
Premises and Equipment, Net |
|
27 |
27 |
27 |
26 |
25 |
25 |
25 |
Goodwill |
|
71 |
71 |
71 |
71 |
71 |
71 |
71 |
Intangible Assets |
|
3.97 |
3.48 |
3.25 |
3.01 |
2.59 |
2.39 |
2.19 |
Other Assets |
|
149 |
3,478 |
3,372 |
3,278 |
3,164 |
176 |
182 |
Total Liabilities & Shareholders' Equity |
|
3,905 |
4,110 |
4,076 |
4,069 |
3,878 |
3,868 |
3,990 |
Total Liabilities |
|
3,433 |
3,615 |
3,575 |
3,567 |
3,364 |
3,357 |
3,481 |
Non-Interest Bearing Deposits |
|
916 |
672 |
586 |
572 |
540 |
543 |
544 |
Interest Bearing Deposits |
|
2,043 |
2,479 |
2,590 |
2,582 |
2,489 |
2,481 |
2,549 |
Accrued Interest Payable |
|
19 |
24 |
30 |
42 |
18 |
16 |
23 |
Long-Term Debt |
|
428 |
409 |
339 |
339 |
284 |
284 |
335 |
Other Long-Term Liabilities |
|
27 |
32 |
31 |
32 |
33 |
33 |
31 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
472 |
495 |
500 |
503 |
514 |
511 |
510 |
Total Preferred & Common Equity |
|
472 |
495 |
500 |
502 |
514 |
511 |
510 |
Preferred Stock |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Common Equity |
|
472 |
495 |
500 |
502 |
514 |
511 |
510 |
Common Stock |
|
281 |
281 |
281 |
281 |
275 |
270 |
263 |
Retained Earnings |
|
213 |
234 |
242 |
247 |
260 |
263 |
263 |
Accumulated Other Comprehensive Income / (Loss) |
|
-23 |
-20 |
-22 |
-26 |
-21 |
-21 |
-16 |
Noncontrolling Interest |
|
0.07 |
0.07 |
0.07 |
0.07 |
0.07 |
0.07 |
0.07 |
Annual Metrics And Ratios for RBB Bancorp
This table displays calculated financial ratios and metrics derived from RBB Bancorp's official financial filings.
Metric |
2022 |
2023 |
2024 |
Growth Metrics |
- |
- |
- |
Revenue Growth |
12.38% |
-16.48% |
-14.60% |
EBITDA Growth |
2.89% |
-32.88% |
-37.45% |
EBIT Growth |
12.86% |
-34.05% |
-40.78% |
NOPAT Growth |
13.04% |
-33.99% |
-37.21% |
Net Income Growth |
13.04% |
-33.99% |
-37.21% |
EPS Growth |
16.43% |
-32.73% |
-34.38% |
Operating Cash Flow Growth |
-53.60% |
-45.32% |
14.04% |
Free Cash Flow Firm Growth |
51.42% |
674.92% |
-114.68% |
Invested Capital Growth |
11.03% |
-10.92% |
5.94% |
Revenue Q/Q Growth |
3.19% |
-5.81% |
-3.66% |
EBITDA Q/Q Growth |
-3.10% |
-16.61% |
-29.17% |
EBIT Q/Q Growth |
3.23% |
-11.98% |
-25.24% |
NOPAT Q/Q Growth |
3.00% |
-11.48% |
-22.38% |
Net Income Q/Q Growth |
3.00% |
-11.48% |
-22.38% |
EPS Q/Q Growth |
4.06% |
-11.46% |
-20.11% |
Operating Cash Flow Q/Q Growth |
-9.54% |
-37.92% |
81.61% |
Free Cash Flow Firm Q/Q Growth |
44.81% |
31.49% |
-165.24% |
Invested Capital Q/Q Growth |
-0.78% |
-5.48% |
-0.20% |
Profitability Metrics |
- |
- |
- |
EBITDA Margin |
61.11% |
49.11% |
35.97% |
EBIT Margin |
56.80% |
44.86% |
31.11% |
Profit (Net Income) Margin |
40.00% |
31.62% |
23.25% |
Tax Burden Percent |
70.42% |
70.49% |
74.74% |
Interest Burden Percent |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
29.58% |
29.51% |
25.26% |
Return on Invested Capital (ROIC) |
7.58% |
5.03% |
3.26% |
ROIC Less NNEP Spread (ROIC-NNEP) |
7.58% |
5.03% |
3.26% |
Return on Net Nonoperating Assets (RNNOA) |
5.94% |
3.50% |
1.98% |
Return on Equity (ROE) |
13.52% |
8.53% |
5.23% |
Cash Return on Invested Capital (CROIC) |
-2.87% |
16.58% |
-2.51% |
Operating Return on Assets (OROA) |
2.24% |
1.52% |
0.89% |
Return on Assets (ROA) |
1.58% |
1.07% |
0.67% |
Return on Common Equity (ROCE) |
13.52% |
8.53% |
5.23% |
Return on Equity Simple (ROE_SIMPLE) |
13.28% |
8.31% |
5.25% |
Net Operating Profit after Tax (NOPAT) |
64 |
42 |
27 |
NOPAT Margin |
40.00% |
31.62% |
23.25% |
Net Nonoperating Expense Percent (NNEP) |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
31.85% |
40.12% |
48.75% |
Operating Expenses to Revenue |
40.13% |
52.64% |
60.30% |
Earnings before Interest and Taxes (EBIT) |
91 |
60 |
36 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
98 |
66 |
41 |
Valuation Ratios |
- |
- |
- |
Price to Book Value (P/BV) |
0.75 |
0.68 |
0.71 |
Price to Tangible Book Value (P/TBV) |
0.89 |
0.80 |
0.83 |
Price to Revenue (P/Rev) |
2.26 |
2.59 |
3.13 |
Price to Earnings (P/E) |
5.65 |
8.19 |
13.48 |
Dividend Yield |
2.92% |
3.50% |
3.15% |
Earnings Yield |
17.71% |
12.21% |
7.42% |
Enterprise Value to Invested Capital (EV/IC) |
0.77 |
0.25 |
0.52 |
Enterprise Value to Revenue (EV/Rev) |
4.27 |
1.49 |
3.80 |
Enterprise Value to EBITDA (EV/EBITDA) |
6.99 |
3.03 |
10.57 |
Enterprise Value to EBIT (EV/EBIT) |
7.53 |
3.32 |
12.22 |
Enterprise Value to NOPAT (EV/NOPAT) |
10.69 |
4.71 |
16.35 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
7.33 |
3.90 |
7.45 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
0.00 |
1.43 |
0.00 |
Leverage & Solvency |
- |
- |
- |
Debt to Equity |
0.84 |
0.56 |
0.66 |
Long-Term Debt to Equity |
0.84 |
0.56 |
0.66 |
Financial Leverage |
0.78 |
0.70 |
0.61 |
Leverage Ratio |
8.56 |
7.98 |
7.87 |
Compound Leverage Factor |
8.56 |
7.98 |
7.87 |
Debt to Total Capital |
45.73% |
35.72% |
39.72% |
Short-Term Debt to Total Capital |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
45.73% |
35.72% |
39.72% |
Preferred Equity to Total Capital |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
0.01% |
0.01% |
0.01% |
Common Equity to Total Capital |
54.26% |
64.27% |
60.27% |
Debt to EBITDA |
4.15 |
4.31 |
8.11 |
Net Debt to EBITDA |
3.30 |
-2.24 |
1.85 |
Long-Term Debt to EBITDA |
4.15 |
4.31 |
8.11 |
Debt to NOPAT |
6.35 |
6.69 |
12.55 |
Net Debt to NOPAT |
5.04 |
-3.48 |
2.86 |
Long-Term Debt to NOPAT |
6.35 |
6.69 |
12.55 |
Noncontrolling Interest Sharing Ratio |
0.02% |
0.01% |
0.01% |
Liquidity Ratios |
- |
- |
- |
Cash Flow Metrics |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
-24 |
140 |
-21 |
Operating Cash Flow to CapEx |
9,269.96% |
8,272.90% |
7,423.22% |
Free Cash Flow to Firm to Interest Expense |
-0.78 |
1.37 |
-0.18 |
Operating Cash Flow to Interest Expense |
2.99 |
0.50 |
0.50 |
Operating Cash Flow Less CapEx to Interest Expense |
2.95 |
0.50 |
0.49 |
Efficiency Ratios |
- |
- |
- |
Asset Turnover |
0.04 |
0.03 |
0.03 |
Fixed Asset Turnover |
5.93 |
5.10 |
4.56 |
Capital & Investment Metrics |
- |
- |
- |
Invested Capital |
893 |
795 |
843 |
Invested Capital Turnover |
0.19 |
0.16 |
0.14 |
Increase / (Decrease) in Invested Capital |
89 |
-98 |
47 |
Enterprise Value (EV) |
687 |
200 |
436 |
Market Capitalization |
363 |
348 |
360 |
Book Value per Share |
$25.55 |
$26.91 |
$28.70 |
Tangible Book Value per Share |
$21.58 |
$23.00 |
$24.55 |
Total Capital |
893 |
795 |
843 |
Total Debt |
408 |
284 |
335 |
Total Long-Term Debt |
408 |
284 |
335 |
Net Debt |
324 |
-148 |
76 |
Capital Expenditures (CapEx) |
1.01 |
0.62 |
0.79 |
Net Nonoperating Expense (NNE) |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
408 |
284 |
335 |
Total Depreciation and Amortization (D&A) |
6.93 |
5.71 |
5.58 |
Earnings Adjustments |
- |
- |
- |
Adjusted Basic Earnings per Share |
$3.37 |
$2.24 |
$1.47 |
Adjusted Weighted Average Basic Shares Outstanding |
19.10M |
18.97M |
18.12M |
Adjusted Diluted Earnings per Share |
$3.33 |
$2.24 |
$1.47 |
Adjusted Weighted Average Diluted Shares Outstanding |
19.33M |
18.99M |
18.18M |
Adjusted Basic & Diluted Earnings per Share |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
0.00 |
18.62M |
17.73M |
Normalized Net Operating Profit after Tax (NOPAT) |
64 |
42 |
27 |
Normalized NOPAT Margin |
40.00% |
31.62% |
23.25% |
Pre Tax Income Margin |
56.80% |
44.86% |
31.11% |
Debt Service Ratios |
- |
- |
- |
EBIT to Interest Expense |
2.91 |
0.59 |
0.30 |
NOPAT to Interest Expense |
2.05 |
0.42 |
0.23 |
EBIT Less CapEx to Interest Expense |
2.88 |
0.59 |
0.30 |
NOPAT Less CapEx to Interest Expense |
2.02 |
0.41 |
0.22 |
Payout Ratios |
- |
- |
- |
Dividend Payout Ratio |
16.69% |
28.64% |
43.95% |
Augmented Payout Ratio |
47.50% |
44.66% |
121.49% |
Quarterly Metrics And Ratios for RBB Bancorp
This table displays calculated financial ratios and metrics derived from RBB Bancorp's official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
11.89% |
13.65% |
-2.60% |
-15.04% |
-26.87% |
-20.03% |
-22.53% |
-20.24% |
-0.22% |
-13.18% |
EBITDA Growth |
|
2.64% |
-12.18% |
-20.70% |
-34.74% |
-39.28% |
-35.21% |
-23.64% |
-37.33% |
-14.85% |
-81.26% |
EBIT Growth |
|
7.29% |
12.72% |
-26.04% |
-29.40% |
-47.57% |
-32.41% |
-27.40% |
-37.04% |
-20.80% |
-70.43% |
NOPAT Growth |
|
8.38% |
11.94% |
-24.95% |
-29.26% |
-49.12% |
-31.33% |
-26.75% |
-33.83% |
-17.40% |
-63.68% |
Net Income Growth |
|
8.38% |
11.94% |
-24.95% |
-29.26% |
-49.12% |
-31.33% |
-26.75% |
-33.83% |
-17.40% |
-63.68% |
EPS Growth |
|
12.99% |
16.46% |
-21.62% |
-27.50% |
-48.28% |
-31.52% |
-25.86% |
-32.76% |
-13.33% |
-58.73% |
Operating Cash Flow Growth |
|
-31.10% |
-30.51% |
-49.28% |
45.94% |
-2.00% |
-139.12% |
-71.17% |
-35.18% |
-3.08% |
298.30% |
Free Cash Flow Firm Growth |
|
-87.26% |
22.15% |
-485.54% |
168.95% |
174.47% |
254.15% |
225.98% |
-31.27% |
-93.80% |
-139.08% |
Invested Capital Growth |
|
13.43% |
11.03% |
12.55% |
-6.95% |
-6.50% |
-10.92% |
-11.63% |
-5.16% |
0.34% |
5.94% |
Revenue Q/Q Growth |
|
2.47% |
-0.40% |
-11.81% |
-5.61% |
-11.80% |
8.91% |
-14.56% |
-2.82% |
10.34% |
-5.23% |
EBITDA Q/Q Growth |
|
17.99% |
-20.27% |
-34.60% |
-13.53% |
9.78% |
-14.93% |
-40.85% |
-29.03% |
49.15% |
-81.28% |
EBIT Q/Q Growth |
|
4.84% |
9.77% |
-38.59% |
-0.10% |
-22.15% |
41.53% |
-34.04% |
-13.37% |
-2.07% |
-47.16% |
NOPAT Q/Q Growth |
|
7.59% |
5.58% |
-37.60% |
-0.19% |
-22.61% |
42.49% |
-33.44% |
-9.84% |
-3.40% |
-37.35% |
Net Income Q/Q Growth |
|
7.59% |
5.58% |
-37.60% |
-0.19% |
-22.61% |
42.49% |
-33.44% |
-9.84% |
-3.40% |
-37.35% |
EPS Q/Q Growth |
|
8.75% |
5.75% |
-36.96% |
0.00% |
-22.41% |
40.00% |
-31.75% |
-9.30% |
0.00% |
-33.33% |
Operating Cash Flow Q/Q Growth |
|
109.04% |
-12.67% |
-25.33% |
7.08% |
40.37% |
-134.86% |
155.03% |
140.71% |
109.90% |
-28.68% |
Free Cash Flow Firm Q/Q Growth |
|
15.73% |
20.94% |
-26.25% |
181.96% |
-8.98% |
63.66% |
3.17% |
-55.28% |
-91.79% |
-1,132.10% |
Invested Capital Q/Q Growth |
|
-0.19% |
-0.78% |
1.16% |
-7.12% |
0.29% |
-5.48% |
0.36% |
-0.32% |
6.11% |
-0.20% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
68.59% |
54.91% |
49.95% |
45.76% |
56.95% |
44.48% |
49.23% |
35.95% |
48.60% |
9.60% |
EBIT Margin |
|
55.52% |
61.20% |
42.61% |
45.10% |
39.80% |
51.73% |
39.93% |
35.60% |
31.59% |
17.62% |
Profit (Net Income) Margin |
|
40.11% |
42.52% |
30.09% |
31.81% |
27.91% |
36.52% |
28.45% |
26.39% |
23.11% |
15.28% |
Tax Burden Percent |
|
72.24% |
69.48% |
70.60% |
70.54% |
70.12% |
70.59% |
71.24% |
74.14% |
73.13% |
86.71% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
27.76% |
30.52% |
29.40% |
29.46% |
29.88% |
29.41% |
28.76% |
25.86% |
26.87% |
13.29% |
Return on Invested Capital (ROIC) |
|
7.38% |
8.06% |
5.64% |
5.62% |
4.57% |
5.81% |
4.22% |
3.85% |
3.26% |
2.14% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
7.38% |
8.06% |
5.64% |
5.62% |
4.57% |
5.81% |
4.22% |
3.85% |
3.26% |
2.14% |
Return on Net Nonoperating Assets (RNNOA) |
|
6.09% |
6.32% |
4.38% |
4.53% |
3.60% |
4.04% |
2.90% |
2.37% |
2.17% |
1.30% |
Return on Equity (ROE) |
|
13.48% |
14.38% |
10.02% |
10.15% |
8.17% |
9.85% |
7.11% |
6.22% |
5.44% |
3.44% |
Cash Return on Invested Capital (CROIC) |
|
-5.21% |
-2.87% |
-4.70% |
13.65% |
12.23% |
16.58% |
16.99% |
9.68% |
3.74% |
-2.51% |
Operating Return on Assets (OROA) |
|
2.25% |
2.42% |
1.68% |
1.72% |
1.42% |
1.75% |
1.26% |
1.07% |
0.93% |
0.50% |
Return on Assets (ROA) |
|
1.62% |
1.68% |
1.18% |
1.22% |
1.00% |
1.23% |
0.90% |
0.79% |
0.68% |
0.44% |
Return on Common Equity (ROCE) |
|
13.47% |
14.37% |
10.02% |
10.15% |
8.17% |
9.85% |
7.11% |
6.21% |
5.43% |
3.44% |
Return on Equity Simple (ROE_SIMPLE) |
|
13.24% |
0.00% |
12.27% |
11.23% |
9.55% |
0.00% |
7.69% |
7.01% |
6.74% |
0.00% |
Net Operating Profit after Tax (NOPAT) |
|
17 |
18 |
11 |
11 |
8.47 |
12 |
8.04 |
7.25 |
7.00 |
4.39 |
NOPAT Margin |
|
40.11% |
42.52% |
30.09% |
31.81% |
27.91% |
36.52% |
28.45% |
26.39% |
23.11% |
15.28% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
32.71% |
26.37% |
38.01% |
38.83% |
45.50% |
38.84% |
49.42% |
49.64% |
47.04% |
49.05% |
Operating Expenses to Revenue |
|
40.22% |
34.24% |
51.86% |
53.80% |
55.59% |
49.58% |
60.07% |
62.38% |
57.51% |
61.48% |
Earnings before Interest and Taxes (EBIT) |
|
23 |
25 |
16 |
16 |
12 |
17 |
11 |
9.77 |
9.57 |
5.06 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
28 |
23 |
18 |
16 |
17 |
15 |
14 |
9.87 |
15 |
2.76 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.78 |
0.75 |
0.56 |
0.43 |
0.46 |
0.68 |
0.64 |
0.67 |
0.80 |
0.71 |
Price to Tangible Book Value (P/TBV) |
|
0.92 |
0.89 |
0.66 |
0.51 |
0.54 |
0.80 |
0.75 |
0.79 |
0.93 |
0.83 |
Price to Revenue (P/Rev) |
|
2.35 |
2.26 |
1.73 |
1.40 |
1.63 |
2.59 |
2.62 |
2.89 |
3.42 |
3.13 |
Price to Earnings (P/E) |
|
5.87 |
5.65 |
4.55 |
3.85 |
4.84 |
8.19 |
8.35 |
9.62 |
11.85 |
13.48 |
Dividend Yield |
|
2.86% |
2.92% |
3.98% |
5.28% |
5.07% |
3.50% |
3.61% |
3.43% |
2.80% |
3.15% |
Earnings Yield |
|
17.05% |
17.71% |
21.96% |
26.00% |
20.67% |
12.21% |
11.97% |
10.40% |
8.44% |
7.42% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.69 |
0.77 |
0.50 |
0.37 |
0.28 |
0.25 |
0.43 |
0.47 |
0.46 |
0.52 |
Enterprise Value to Revenue (EV/Rev) |
|
3.98 |
4.27 |
2.84 |
2.00 |
1.68 |
1.49 |
2.73 |
3.15 |
3.29 |
3.80 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
6.11 |
6.99 |
4.60 |
3.41 |
3.03 |
3.03 |
5.17 |
6.18 |
6.72 |
10.57 |
Enterprise Value to EBIT (EV/EBIT) |
|
7.00 |
7.53 |
5.28 |
3.88 |
3.50 |
3.32 |
6.15 |
7.48 |
8.21 |
12.22 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
9.92 |
10.69 |
7.48 |
5.48 |
5.00 |
4.71 |
8.72 |
10.48 |
11.40 |
16.35 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
5.98 |
7.33 |
5.85 |
3.70 |
2.90 |
3.90 |
8.76 |
11.39 |
12.16 |
7.45 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
0.00 |
2.59 |
2.25 |
1.43 |
2.38 |
4.75 |
12.43 |
0.00 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.91 |
0.84 |
0.83 |
0.68 |
0.67 |
0.56 |
0.55 |
0.56 |
0.66 |
0.66 |
Long-Term Debt to Equity |
|
0.91 |
0.84 |
0.83 |
0.68 |
0.67 |
0.56 |
0.55 |
0.56 |
0.66 |
0.66 |
Financial Leverage |
|
0.83 |
0.78 |
0.78 |
0.81 |
0.79 |
0.70 |
0.69 |
0.62 |
0.67 |
0.61 |
Leverage Ratio |
|
8.31 |
8.56 |
8.47 |
8.35 |
8.18 |
7.98 |
7.92 |
7.85 |
7.96 |
7.87 |
Compound Leverage Factor |
|
8.31 |
8.56 |
8.47 |
8.35 |
8.18 |
7.98 |
7.92 |
7.85 |
7.96 |
7.87 |
Debt to Total Capital |
|
47.57% |
45.73% |
45.23% |
40.37% |
40.28% |
35.72% |
35.61% |
35.74% |
39.62% |
39.72% |
Short-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
|
47.57% |
45.73% |
45.23% |
40.37% |
40.28% |
35.72% |
35.61% |
35.74% |
39.62% |
39.72% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.01% |
0.01% |
0.01% |
0.01% |
0.01% |
0.01% |
0.01% |
0.01% |
0.01% |
0.01% |
Common Equity to Total Capital |
|
52.42% |
54.26% |
54.77% |
59.62% |
59.71% |
64.27% |
64.38% |
64.25% |
60.37% |
60.27% |
Debt to EBITDA |
|
4.22 |
4.15 |
4.14 |
3.75 |
4.28 |
4.31 |
4.26 |
4.68 |
5.74 |
8.11 |
Net Debt to EBITDA |
|
2.50 |
3.30 |
1.80 |
1.02 |
0.10 |
-2.24 |
0.22 |
0.51 |
-0.27 |
1.85 |
Long-Term Debt to EBITDA |
|
4.22 |
4.15 |
4.14 |
3.75 |
4.28 |
4.31 |
4.26 |
4.68 |
5.74 |
8.11 |
Debt to NOPAT |
|
6.86 |
6.35 |
6.73 |
6.03 |
7.06 |
6.69 |
7.19 |
7.94 |
9.74 |
12.55 |
Net Debt to NOPAT |
|
4.06 |
5.04 |
2.92 |
1.63 |
0.16 |
-3.48 |
0.36 |
0.87 |
-0.45 |
2.86 |
Long-Term Debt to NOPAT |
|
6.86 |
6.35 |
6.73 |
6.03 |
7.06 |
6.69 |
7.19 |
7.94 |
9.74 |
12.55 |
Noncontrolling Interest Sharing Ratio |
|
0.02% |
0.02% |
0.02% |
0.01% |
0.01% |
0.01% |
0.01% |
0.01% |
0.01% |
0.01% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
-90 |
-71 |
-90 |
74 |
67 |
110 |
113 |
51 |
4.15 |
-43 |
Operating Cash Flow to CapEx |
|
9,997.29% |
7,609.46% |
3,209.54% |
27,704.62% |
101,112.00% |
-23,189.47% |
3,254.36% |
7,833.56% |
9,533.07% |
7,499.57% |
Free Cash Flow to Firm to Interest Expense |
|
-12.09 |
-5.21 |
-4.57 |
2.93 |
2.39 |
3.76 |
3.78 |
1.75 |
0.14 |
-1.50 |
Operating Cash Flow to Interest Expense |
|
3.47 |
1.65 |
0.86 |
0.72 |
0.90 |
-0.30 |
0.16 |
0.40 |
0.82 |
0.61 |
Operating Cash Flow Less CapEx to Interest Expense |
|
3.43 |
1.63 |
0.83 |
0.72 |
0.90 |
-0.30 |
0.16 |
0.40 |
0.81 |
0.60 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.03 |
0.03 |
0.03 |
0.03 |
0.03 |
Fixed Asset Turnover |
|
5.77 |
5.93 |
5.87 |
5.73 |
5.38 |
5.10 |
4.81 |
4.61 |
4.67 |
4.56 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
900 |
893 |
903 |
839 |
841 |
795 |
798 |
796 |
844 |
843 |
Invested Capital Turnover |
|
0.18 |
0.19 |
0.19 |
0.18 |
0.16 |
0.16 |
0.15 |
0.15 |
0.14 |
0.14 |
Increase / (Decrease) in Invested Capital |
|
107 |
89 |
101 |
-63 |
-58 |
-98 |
-105 |
-43 |
2.85 |
47 |
Enterprise Value (EV) |
|
620 |
687 |
454 |
308 |
240 |
200 |
345 |
376 |
392 |
436 |
Market Capitalization |
|
366 |
363 |
276 |
216 |
232 |
348 |
330 |
345 |
407 |
360 |
Book Value per Share |
|
$24.80 |
$25.55 |
$26.08 |
$26.34 |
$26.45 |
$26.91 |
$27.60 |
$27.72 |
$28.62 |
$28.70 |
Tangible Book Value per Share |
|
$20.83 |
$21.58 |
$22.13 |
$22.40 |
$22.53 |
$23.00 |
$23.62 |
$23.72 |
$24.49 |
$24.55 |
Total Capital |
|
900 |
893 |
903 |
839 |
841 |
795 |
798 |
796 |
844 |
843 |
Total Debt |
|
428 |
408 |
409 |
339 |
339 |
284 |
284 |
284 |
335 |
335 |
Total Long-Term Debt |
|
428 |
408 |
409 |
339 |
339 |
284 |
284 |
284 |
335 |
335 |
Net Debt |
|
253 |
324 |
177 |
92 |
7.51 |
-148 |
14 |
31 |
-15 |
76 |
Capital Expenditures (CapEx) |
|
0.26 |
0.30 |
0.52 |
0.07 |
0.03 |
0.04 |
0.15 |
0.15 |
0.26 |
0.23 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
428 |
408 |
409 |
339 |
339 |
284 |
284 |
284 |
335 |
335 |
Total Depreciation and Amortization (D&A) |
|
5.42 |
-2.60 |
2.68 |
0.23 |
5.21 |
-2.39 |
2.63 |
0.10 |
5.15 |
-2.30 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.88 |
$0.93 |
$0.58 |
$0.58 |
$0.45 |
$0.63 |
$0.43 |
$0.39 |
$0.39 |
$0.26 |
Adjusted Weighted Average Basic Shares Outstanding |
|
18.97M |
19.10M |
18.99M |
18.99M |
19.00M |
18.97M |
18.60M |
18.38M |
17.81M |
18.12M |
Adjusted Diluted Earnings per Share |
|
$0.87 |
$0.92 |
$0.58 |
$0.58 |
$0.45 |
$0.63 |
$0.43 |
$0.39 |
$0.39 |
$0.26 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
18.97M |
19.33M |
19.05M |
19.00M |
19.00M |
18.99M |
18.67M |
18.41M |
17.89M |
18.18M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
18.97M |
0.00 |
18.99M |
19.00M |
19.00M |
18.62M |
18.44M |
17.80M |
17.69M |
17.73M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
17 |
18 |
11 |
11 |
8.47 |
12 |
8.04 |
7.25 |
7.00 |
4.39 |
Normalized NOPAT Margin |
|
40.11% |
42.52% |
30.09% |
31.81% |
27.91% |
36.52% |
28.45% |
26.39% |
23.11% |
15.28% |
Pre Tax Income Margin |
|
55.52% |
61.20% |
42.61% |
45.10% |
39.80% |
51.73% |
39.93% |
35.60% |
31.59% |
17.62% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
3.10 |
1.85 |
0.79 |
0.62 |
0.43 |
0.59 |
0.38 |
0.34 |
0.32 |
0.18 |
NOPAT to Interest Expense |
|
2.24 |
1.29 |
0.56 |
0.44 |
0.30 |
0.41 |
0.27 |
0.25 |
0.23 |
0.15 |
EBIT Less CapEx to Interest Expense |
|
3.07 |
1.83 |
0.76 |
0.62 |
0.43 |
0.59 |
0.37 |
0.33 |
0.31 |
0.17 |
NOPAT Less CapEx to Interest Expense |
|
2.20 |
1.27 |
0.53 |
0.43 |
0.30 |
0.41 |
0.26 |
0.25 |
0.23 |
0.15 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
17.00% |
16.69% |
18.21% |
20.31% |
24.55% |
28.64% |
30.61% |
33.70% |
34.65% |
43.95% |
Augmented Payout Ratio |
|
50.10% |
47.50% |
41.43% |
25.64% |
26.67% |
44.66% |
51.57% |
79.55% |
114.62% |
121.49% |
Key Financial Trends
RBB Bancorp has exhibited several important trends over the last two years based on the quarterly financial data from Q3 2022 through Q4 2024.
- Net interest income has shown relatively stable performance with quarterly totals around $25M to $34M in 2024, up slightly compared to previous years. This indicates consistent core profitability from lending and investments.
- Salaries and employee benefits expenses have remained relatively stable, indicating disciplined expense management even as revenue fluctuates. For example, Q4 2024 salaries were $9.9M, close to prior quarters.
- Provision for credit losses varies quarter-to-quarter but averaged moderate levels recently, implying prudent credit risk management. Notably, provisions rose to $6M in Q4 2024 from $3.3M in Q3 2024, which could be cautionary but still controlled relative to income.
- Net income showed some volatility but remains positive throughout, with Q4 2024 net income at $4.4M. Earnings per share have also generally remained positive, between $0.26 to $0.43 in 2024 quarters, supporting shareholder returns.
- Balance sheet strength is supported by substantial loan balances, growing from approximately $3.09B (net) in Q3 2024 to similar amounts in prior quarters, indicating steady loan portfolio size.
- Total equity remained solid, around $500M across recent quarters, which provides a strong capital base for ongoing operations and growth.
- Cash flows from operating activities increased in recent quarters, reaching $17.5M in Q4 2024 and $24.5M in Q3 2024, reflecting solid cash generation from core business.
- Cash flows from investing activities vary widely, with significant purchases and sales of securities impacting total investing cash flows. For example, Q4 2024 showed a net outflow of nearly $98.4M, driven by large investment activity.
- Cash flows from financing activities swung widely, influenced by changing deposit levels, borrowings, and equity repurchases. For instance, a net outflow of $10.8M in Q4 2024 contrasts strongly with $105M inflow in Q3 2024, showing volatility in funding sources and capital management.
- Interest expense trends show some increase, particularly long-term debt interest expense doubling to $3.29M in Q4 2024 from lower prior amounts, adding pressure to net interest margin if not offset by income growth.
In summary, RBB Bancorp demonstrates operational consistency with stable net interest income and controlled expenses, solid capital and equity levels, and positive net income. However, fluctuations in provisions for credit losses and volatility in financing and investing cash flows should be monitored as these may reflect varying economic conditions or strategic adjustments in funding and investment strategies.
08/25/25 07:27 PMAI Generated. May Contain Errors.