NASDAQ$RBB
Rbb Bancorp · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Reported earnings for the quarter ended March 31, 2024.
RBB Bancorp reported a net income of $8.0 million, or $0.43 diluted earnings per share, for the quarter ended March 31, 2024. Net interest income was $24.9 million, and noninterest income was $3.4 million. Total assets were $3.9 billion as of March 31, 2024.
- Net income was $8.0 million, or $0.43 diluted earnings per share.
- Net interest income was $24.9 million.
- Noninterest income totaled $3.4 million.
- Total assets amounted to $3.9 billion.
Headline financials
Revenue & EPS history
Rbb Bancorp · Revenue · Quarterly
$28.2M
Revenue by segment
Rbb Bancorp · $5.03M total across 1 segment · Q4 2019
- Commercial & Industrial$5.03M-17.5%100.0%
Forward guidance
While changing expectations about the timing and size of rate cuts makes forecasting challenging, the company is cautiously optimistic that margins should start to recover as deposit costs stabilize and loan yields continue to increase. The Board of Directors believes they are well-positioned to succeed and enhance shareholder value over the coming quarters.
Tailwinds
- Margins should start to recover as deposit costs stabilize.
- Loan yields are expected to continue to increase.
- Company is well-positioned to succeed.
- Company is expected to enhance shareholder value.
- Team has done a good job stabilizing results during a challenging period
Headwinds
- Changing expectations about the timing and size of rate cuts makes forecasting challenging.
- Higher interest expense of $755,000.
- Lower interest income of $37,000.
- Nonperforming assets increased $5.4 million.
- Total deposits decreased by $146.4 million.
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 2024
-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 | — | — | — |
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