RBB Bancorp up after profit beats estimates

RBB BANCORP

24/10/2022 21:45

** Shares of RBB Bancorp  RBB.O  up ~1% at $21.59
    ** Los Angeles, California-based financial company posts
record net income of $16.7 mln, or 87 cents/shr, for three
months ended Sept. 30 vs. $15.4 mln, or 77 cents/share, yr
earlier
    ** Analysts expecting EPS of 86 cents -Refinitiv IBES
    ** Co names David Morris CEO 
    ** NII, before loan loss provisions, at $37 million, up from
$30 million yr earlier
    ** Return on assets up 1.72% from 1.54% yr earlier
    ** Stock down ~18% YTD
 (Reporting by Mehnaz Yasmin in Bengaluru)
 ((Mehnaz.Yasmin@thomsonreuters.com))