NASDAQ$RBB

Rbb Bancorp · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported record net income, loan growth, increasing loan yields, and declining expenses.

RBB Bancorp reported a record net income of $17.6 million, or $0.92 diluted earnings per share, for the fourth quarter of 2022. Loan growth, increasing loan yields, and declining expenses drove the record results. The company's organizational re-alignment is underway, and all internal investigations have concluded.

  • Record net income of $17.6 million, or $0.92 diluted earnings per share, increased $929,000, or 5.6%, from the prior quarter and increased $1.9 million, or 11.9%, from the fourth quarter of 2021
  • Loans grew by $114.4 million, or 14.1% annualized, from the end of the prior quarter
  • Declared $0.16 per share quarterly dividend
  • The organizational re-alignment is well underway with new hires and clearly defined responsibilities contributing to results

Headline financials

Total Revenue

$41.3M

Previous: $36.4M+13.6%
EPS (adj)

$0.92

Previous: $0.79+16.5%
Efficiency Ratio

31.7%

Previous: 36.6%-13.4%
Return on Avg Assets

1.8%

No prior period
Capital Expenditures

$592K

Previous: $514K+15.2%
Free Cash Flow

$21.9M

Previous: $31.9M-31.2%
Net Income

$17.6M

Previous: $15.7M+12.1%
Gross Profit

$41.3M

Previous: $36.4M+13.4%
Cash & Equivalents

$83.5M

Previous: $694M-88.0%
Total Assets

$3.9B

Previous: $4.23B-7.8%
Stock-Based Comp

$168K

Previous: $216K-22.2%

Revenue & EPS history

Rbb Bancorp · Revenue · Quarterly

$41.3M

Q4 2022+13.6%vs Q4 2021
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Revenue by segment

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

  • Commercial & Industrial
    $5.03M-17.5%

Forward guidance

The company anticipates continued pressure on deposit costs over the next few quarters due to market forces and the rate environment.

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 Q4 2022

Historical avgQ4 2022

-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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