RBB: 4Q Earnings Snapshot
LOS ANGELES (AP) _ RBB Bancorp (RBB) on Monday reported fourth-quarter profit of $9.9 million.
The bank, based in Los Angeles, said it had earnings of 50 cents per share. Earnings, adjusted for gains related to mergers and acquisitions, came to 47 cents per share.
The bank holding company posted revenue of $40.7 million in the period. Its revenue net of interest expense was $31.1 million, topping Street forecasts.
For the year, the company reported profit of $36.5 million, or $2.03 per share. Revenue was reported as $91.3 million.
RBB shares have climbed 7 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $18.80, a fall of 30 percent in the last 12 months.