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

RBB BANCORP

22/07/2024 23:54

* RBB Bancorp  RBB.OQ  reported quarterly adjusted earnings
of 39
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of 58
cents.  The mean expectation of five analysts for the quarter
was for earnings of 34 cents per share. Wall Street expected
results to range from 30 cents to 36 cents per share.
    * Revenue fell 21% to $26.90 million from a year ago;
analysts
expected $27.39 million. 
    * RBB Bancorp's reported EPS for the quarter was 39 cents​.
    * The company reported quarterly net income of $7.25
million.
    * RBB Bancorp shares had risen by 15.2% this quarter and
gained 13.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.7%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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." 
    * The average consensus recommendation for the banks peer
group is
also "hold"

Wall Street's median 12-month price target for RBB Bancorp is
$20.00 
This summary was machine generated from LSEG data July 22 at
10:54 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
 Jun. 30 2024      0.34           0.39           Beat
 Mar. 31 2024      0.34           0.43           Beat
 Dec. 31 2023      0.35           0.64           Beat
 Sep. 30 2023      0.49           0.61           Beat