RBB Bancorp reports results for the quarter ended in December - Earnings Summary

RBB BANCORP

22/01/2024 22:36

* RBB Bancorp  RBB.OQ  reported quarterly adjusted earnings
of 64
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of 92
cents.  The mean expectation of four analysts for the quarter
was for earnings of 35 cents per share. Wall Street expected
results to range from 34 cents to 36 cents per share.
    * Revenue fell 19% to $33.49 million from a year ago;
analysts
expected $27.81 million. 
    * RBB Bancorp's reported EPS for the quarter was 64 cents​.
    * The company reported quarterly net income of $12.07
million.
    * RBB Bancorp shares had fallen by 8.1% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 20.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "hold"

Wall Street's median 12-month price target for RBB Bancorp is
$18.50 
This summary was machine generated from LSEG data January 22 at
10:36 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.35           0.64           Beat
 Sep. 30 2023      0.49           0.61           Beat
 Jun. 30 2023      0.57           0.58           Beat
 Mar. 31 2023      0.72           0.58           Missed