NASDAQ$RBB

Rbb Bancorp · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported earnings for the second quarter of 2020

RBB Bancorp reported a net income of $6.5 million, or $0.33 diluted earnings per share, for the quarter ended June 30, 2020. Loan growth was strong, increasing by $108.7 million, excluding PPP and held-for-sale loans.

  • Net income was $6.5 million, or $0.33 diluted earnings per share.
  • Loans held for investment increased by $108.7 million, or 18.2% annualized growth, from the end of the prior quarter, excluding SBA Paycheck Protection program (“PPP”) loans of $32.8 million and held-for-sale loans of $53.1 million that were transferred to held-for-investment loans.
  • Total deposits (excluding brokered deposits) increased by $31.3 million, or 5.2% annualized growth, from the end of the prior quarter.
  • Nonperforming assets to total assets was 0.56%, improving 10 basis points from the prior quarter.

Headline financials

Total Revenue

$27.2M

Previous: $29.8M-8.6%
EPS (adj)

$0.34

Previous: $0.50-32.0%
Efficiency Ratio

54.4%

No prior period
Return on Avg Assets

0.8%

No prior period
Return on Avg Equity

6.3%

No prior period
Capital Expenditures

-$121K

Previous: -$831K+85.4%
Free Cash Flow

$6.39M

Previous: $9.31M-31.4%
Net Income

$6.51M

Previous: $10.1M-35.8%
Operating Income

$11.5M

Previous: $12.9M-10.7%
Gross Profit

$27.2M

Previous: $29.8M-8.6%
Cash & Equivalents

$95.4M

Previous: $187M-48.9%
Total Assets

$3.14B

Previous: $2.8B+11.9%
Stock-Based Comp

$166K

Previous: $165K+0.6%

Revenue & EPS history

Rbb Bancorp · Revenue · Quarterly

$27.2M

Q2 2020-8.6%vs Q2 2019
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Rbb Bancorp · $5.03M total across 1 segment · Q4 2019

  • Commercial & Industrial
    $5.03M-17.5%

Forward guidance

The Company expects gain on sale of loan income to return to prior levels in the fourth quarter.

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 Q2 2020

Historical avgQ2 2020

-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

Earnings price reactions
QuarterReport dateReaction (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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