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

RBB BANCORP

24/07/2023 22:01

* RBB Bancorp  RBB.OQ  reported quarterly adjusted earnings
of 58
cents​​ per share for the quarter ended in June. The mean
expectation of five analysts for the quarter was for earnings of
57 cents per share.
    * Revenue fell 14.9% to $32.25 million from a year ago;
analysts
expected $33.88 million. 
    * RBB Bancorp's reported EPS for the quarter was 58 cents​.
    * The mean earnings estimate of analysts had fallen by
about 14.2%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * RBB Bancorp shares had risen by 15.4% this quarter and
lost 33.9% so far this year.
    * The company reported quarterly net income of $10.95
million.
    * Wall Street's median 12-month price target for RBB Bancorp
is
$15.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
24 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.57           0.58           Beat
 Mar. 31 2023      0.72           0.58           Missed
 Dec. 31 2022      0.89           0.92           Beat
 Sep. 30 2022      0.86           0.87           Beat