NASDAQ$RBB
Rbb Bancorp · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported solid start to 2023 with net income impacted by increased legal expenses and other professional expenses, but expected expenses to normalize in future quarters.
RBB Bancorp reported a net income of $11.0 million, or $0.58 diluted earnings per share, for the quarter ended March 31, 2023. Deposits, excluding brokered certificates of deposits, increased by $58.5 million. The company's capital position remained strong.
- Net income of $11.0 million, or $0.58 diluted earnings per share.
- Net interest income of $34.1 million.
- Deposits, excluding brokered certificates of deposits, increased by $58.5 million, or 8.7% annualized, from the end of the fourth quarter.
- Return on average assets of 1.12%.
Headline financials
Revenue & EPS history
Rbb Bancorp · Revenue · Quarterly
$36.5M
Revenue by segment
Rbb Bancorp · $5.03M total across 1 segment · Q4 2019
- Commercial & Industrial$5.03M-17.5%100.0%
Forward guidance
Management expects to reduce the size of the loan portfolio in the next few quarters by slowing the pace of loan originations and focusing on supporting core relationships. Management is targeting a reduction in the loan to deposit ratio to below 100% by June 30, 2023 and to below 95% by the end of 2023.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
-0.1%
Avg return
Earnings day
-0.3%
Avg return
5 days after
+1.9%
Avg return
30 days after
54%
22 / 41 earnings
Positive
+8.2%
Q4 2021
Best reaction
-9.4%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.9% | +3.1% | +3.4% | |
| Q4 2025 | -0.7% | -3.8% | +3.0% | |
| Q3 2025 | +7.4% | +10.2% | +7.8% | |
| Q2 2025 | -2.1% | -1.4% | -2.5% | |
| Q1 2025 | +1.9% | +1.2% | +4.9% | |
| Q4 2024 | -1.4% | -1.3% | -7.0% | |
| Q3 2024 | -4.8% | -7.6% | -0.7% | |
| Q2 2024 | +3.1% | +8.1% | +0.6% | |
| Q1 2024 | +2.4% | +1.3% | +5.7% | |
| Q4 2023 | +3.2% | +3.7% | -4.1% | |
| Q3 2023 | -0.1% | -4.5% | +30.8% | |
| Q2 2023 | +6.2% | +6.0% | +0.3% | |
| Q1 2023 | -9.3% | -11.5% | -24.5% | |
| Q4 2022 | -2.1% | -4.1% | -3.4% | |
| Q3 2022 | +4.0% | +4.7% | +2.8% | |
| Q2 2022 | +3.1% | +4.8% | +3.4% | |
| Q1 2022 | -3.2% | -7.6% | -10.2% | |
| Q4 2021 | +8.2% | +1.3% | -16.7% | |
| Q3 2021 | +1.2% | +0.3% | +3.7% | |
| Q2 2021 | +0.8% | +1.4% | +6.1% | |
| Q1 2021 | -0.8% | +5.4% | +18.6% | |
| Q4 2020 | -3.4% | -7.7% | +10.8% | |
| Q3 2020 | -1.3% | +0.9% | +23.4% | |
| Q2 2020 | -1.1% | -2.1% | -1.6% | |
| Q1 2020 | -9.4% | -13.2% | -7.0% | |
| Q4 2019 | +0.7% | -2.1% | -8.8% | |
| Q3 2019 | +1.6% | +3.7% | +0.5% | |
| Q2 2019 | -2.5% | +2.1% | -5.2% | |
| Q1 2019 | -3.3% | -4.0% | +0.3% | |
| Q4 2018 | +0.7% | +2.5% | +18.6% | |
| Q3 2018 | -7.8% | -10.3% | -5.8% | |
| Q2 2018 | -3.8% | -4.3% | -10.9% | |
| Q1 2017 | +1.4% | +1.0% | +16.6% | |
| Q1 2018 | +0.6% | +0.9% | +4.9% | |
| Q4 2015 | +2.7% | +4.6% | +5.2% | |
| Q2 2017 | +2.7% | +4.6% | +5.2% | |
| Q4 2017 | +1.9% | +0.3% | -3.6% | |
| Q3 2016 | +3.5% | +2.8% | +12.9% | |
| Q3 2017 | +1.3% | +4.0% | +3.1% | |
| Q4 2016 | -3.6% | -2.5% | -0.3% | |
| Q2 2016 | -3.6% | -2.6% | -1.4% | |
| Q1 2016 | — | — | — | |
| Q3 2015 | — | — | — | |
| Q2 2015 | — | — | — | |
| Q1 2015 | — | — | — | |
| Q4 2014 | — | — | — | |
| Q3 2014 | — | — | — | |
| Q2 2014 | — | — | — | |
| Q1 2014 | — | — | — | |
| Q4 2013 | — | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro