Sector: Financials | Industry: Banks |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 1055 Wilshire Boulevard, Suite 1200 LOS ANGELES CA 90017 |
Tel: | N/A |
Website: | https://ir.rbbusa.com |
IR: | See website |
Key People | ||
Johnny Lee President, Chief Banking Officer of Company and the Bank | David R. Morris Chief Executive Officer, Director | Lynn M. Hopkins Chief Financial Officer, Interim Executive Vice President |
Gary Fan Executive Vice President and Chief Administrative Officer of the Company and the Bank | I-Ming Liu Executive Vice President and Chief Risk Officer of the Company and the Bank | Ashley Chang Executive Vice President and Branch Administrator of the Bank |
Tsu Te Huang Executive Vice President and Branch Administrator/Director of Prestige Banking of the Bank | Jeffrey Yeh Executive Vice President and Chief Credit Officer of the Company and the Bank |
Business Overview |
RBB Bancorp is a bank holding company. The Company's principal business is to serve as the holding company for its wholly owned banking subsidiaries, Royal Business Bank (the Bank) and RBB Asset Management Company (RAM). The Bank provides business-banking products and services predominantly to the Asian-American communities. The products and services include commercial and investor real estate loans, business loans and lines of credit, Small Business Administration (SBA) 7A and 504 loans, mortgage loans, trade finance and a full range of depository accounts, including specialized services, such as remote deposit, E-banking, and mobile banking. It operates 24 branches across two separate regions: the Western region with branches in Los Angeles County, California; Orange County, California; Ventura County, California; Clark County, Nevada; and Honolulu, Hawaii; and the Eastern region with branches in Manhattan, Brooklyn and Queens, New York; Chicago, Illinois and Edison, New Jersey. |
Financial Overview |
For the fiscal year ended 31 December 2023, RBB Bancorp interest income increased 22% to $221.1M. Net interest income after loan loss provision decreased 20% to $115.9M. Net income applicable to common stockholders decreased 34% to $42.5M. Net interest income after loan loss provision reflects Net Interest Margin - Total - % decrease of 21% to 3.16%, Net Interest Spread - Total - % decrease of 35% to 2.3%. |
Employees: | 376 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $18.35M as of Dec 31, 2023 |
Annual revenue (TTM): | $221.15M as of Dec 31, 2023 |
EBITDA (TTM): | $77.65M as of Dec 31, 2023 |
Net annual income (TTM): | $42.47M as of Dec 31, 2023 |
Free cash flow (TTM): | $38.48M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 18,621,781 as of Mar 8, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |