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

RBB BANCORP

25/04/2023 24:12

* RBB Bancorp  RBB.OQ  reported quarterly adjusted earnings
of 58
cents​​ per share for the quarter ended in March. The mean
expectation of four analysts for the quarter was for earnings of
72 cents per share.
    * Revenue fell 7.4% to $34.66 million from a year ago;
analysts
expected $37.75 million. 
    * RBB Bancorp's reported EPS for the quarter was 58 cents​.
    * The mean earnings estimate of analysts had fallen by
about 15.3%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * RBB Bancorp shares had fallen by 9.4% this quarter and
lost 32.6% so far this year.
    * The company reported quarterly net income of $10.96
million.
    * Wall Street's median 12-month price target for RBB Bancorp
is
$18.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
April 24 at 11:12 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.72           0.58           Missed
 Dec. 31 2022      0.89           0.92           Beat
 Sep. 30 2022      0.86           0.87           Beat
 Jun. 30 2022      0.75           0.80           Beat