RBB Bancorp (RBB) 10-Year Financial Performance & Capital Metrics

RBB • • Banking & Credit

Financial ServicesRegional BanksDigital & Specialized BankingSBA & Specialty Lending

AboutRBB Bancorp operates as the bank holding company for Royal Business Bank that provides various banking products and services to the Chinese-American, Korean-American, and other Asian-American communities. Its deposit products include checking, savings, and money market accounts, as well as certificates of deposit. The company also offers commercial and industrial lines of credit, term loans, mortgage warehouse lines, and international trade discounts; commercial real estate loans; residential, commercial, and land acquisition and development construction loans; small business administration loans; and single-family residential mortgage loans. In addition, it provides international letters of credit, SWIFT, export advisory, trade finance discount, and foreign exchange services; and remote deposit, e-banking, and mobile banking services. The company primarily offers its products and services to individuals, businesses, municipalities, and other entities. As of December 31, 2021, it operated 23 branches in the Western region with branches in Los Angeles County, California; Orange County, California; Ventura County, California; Clark County, Nevada; Honolulu, Hawaii, as well as in Eastern region with branches in Manhattan, Brooklyn and Queens, New York; Chicago, Illinois and Edison, New Jersey. RBB Bancorp was founded in 2008 and is headquartered in Los Angeles, California.Show more

Net Interest Income $98M -17.0%
Total Revenue $232M -1.8%
Net Income $27M -37.2%
Return on Equity 5.23% -38.6%
Net Interest Margin 2.46% -16.3%
Efficiency Ratio 29.81% -0.4%
ROA 0.67% -37.8%
Equity / Assets 12.72% +0.2%
Book Value per Share 27.93 +3.7%
Tangible BV/Share 23.89 +3.8%
Debt/Equity 0.72 +16.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 29.8% efficiency ratio
✓Well capitalized: 12.7% equity/assets
✓Healthy dividend yield of 3.0%
✓Share count reduced 4.2% through buybacks
✓Trading at only 0.8x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y18.24%

5Y7.73%

3Y11.85%

TTM-

Profit (Net Income) CAGR

10Y9.84%

5Y-7.42%

3Y-22.33%

TTM-23.86%

EPS CAGR

10Y8.34%

5Y-5.2%

3Y-19.9%

TTM-19.46%

ROCE

10Y Avg9.28%

5Y Avg7.93%

3Y Avg7.1%

Latest4.05%

Peer Comparison

SBA & Specialty Lending

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TFINTriumph Financial, Inc.	1.6B	67.15	124.35	3.34%	3.3%	1%		0.16
LOBLive Oak Bancshares, Inc.	1.66B	36.12	21.37	19.67%	8.34%	5.78%	29.41%	0.11
ESQEsquire Financial Holdings, Inc.	901.77M	105.28	20.48	13.67%	31.57%	17.59%	4.33%
FINWFinWise Bancorp	238.99M	17.59	18.91	12.56%	13.07%	7.97%		0.03
FSFGFirst Savings Financial Group, Inc.	224.48M	32.00	16.16	4.58%	10.11%	11.73%	40.32%	1.98
RBBRBB Bancorp	361.56M	21.21	14.43	-1.75%	11.49%	5.09%	15.96%	0.72
HOPEHope Bancorp, Inc.	1.45B	11.28	13.76	-8.63%	9.96%	2.29%	7.39%	0.18
HAFCHanmi Financial Corporation	830.06M	27.71	13.52	8.03%	14.48%	9.31%	6.18%	0.54

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	35.1M	55.68M	59.69M	77.82M	95.78M	104.18M	123.47M	148.62M	118.16M	98.05M
NII Growth %	0.05%	0.59%	0.07%	0.3%	0.23%	0.09%	0.19%	0.2%	-0.2%	-0.17%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	42.04M	67.39M	73.63M	101.47M	140.65M	138.55M	146.19M	180.03M	220.02M	215.35M
Interest Expense	6.94M	11.71M	13.94M	23.65M	44.86M	34.37M	22.72M	31.42M	101.86M	117.3M
Loan Loss Provision	1.28M	4.8M	-1.14M	3.08M	2.25M	11.74M	3.96M	4.93M	3.36M	9.86M
Non-Interest Income+	8.23M	9.6M	13.59M	12.11M	19.25M	14.53M	19.61M	11.43M	16.11M	16.65M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	50.27M	76.99M	87.22M	113.57M	159.9M	153.08M	165.81M	191.47M	236.13M	232M
Revenue Growth %	0.16%	0.53%	0.13%	0.3%	0.41%	-0.04%	0.08%	0.15%	0.23%	-0.02%
Non-Interest Expense	20.08M	27.91M	27.62M	40.64M	57.47M	59.51M	58.19M	63.77M	70.66M	69.16M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	21.97M	32.57M	46.8M	46.21M	55.32M	47.46M	80.94M	91.34M	60.25M	35.68M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.25%	0.48%	0.44%	-0.01%	0.2%	-0.14%	0.71%	0.13%	-0.34%	-0.41%
Pretax Income+	21.97M	32.57M	46.8M	46.21M	55.32M	47.46M	80.94M	91.34M	60.25M	35.68M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	9M	13.49M	21.27M	10.1M	16.11M	14.53M	24.03M	27.02M	17.78M	9.01M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	12.97M	19.08M	25.53M	36.1M	39.21M	32.93M	56.91M	64.33M	42.47M	26.66M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.24%	0.47%	0.34%	0.41%	0.09%	-0.16%	0.73%	0.13%	-0.34%	-0.37%
Net Income (Continuing)	12.97M	19.08M	25.53M	36.1M	39.21M	32.93M	56.91M	64.33M	42.47M	26.66M
EPS (Diluted)+	0.96	1.39	1.68	2.03	1.92	1.65	2.86	3.33	2.24	1.47
EPS Growth %	0.45%	0.45%	0.21%	0.21%	-0.05%	-0.14%	0.73%	0.16%	-0.33%	-0.34%
EPS (Basic)	1.02	1.49	1.81	2.13	1.96	1.66	2.92	3.37	2.24	1.47
Diluted Shares Outstanding	13.55M	13.7M	15.24M	17.97M	20.39M	19.92M	19.83M	19.33M	18.98M	18.18M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	87.85M	74.56M	70.65M	148.28M	115.36M	138.25M	501.97M	84.15M	431.97M	258.35M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	850.93M	1.19B	1.44B	2.64B	2.42B	2.95B	3.28B	3.56B	3.32B	3.44B
Investments Growth %	-	0.39%	0.21%	0.84%	-0.08%	0.22%	0.11%	0.09%	-0.07%	0.04%
Long-Term Investments	830.51M	1.15B	1.37B	2.57B	2.29B	2.73B	2.91B	3.3B	3.24B	3.35B
Accounts Receivables	1000K	1000K	0	1000K	1000K	1000K	0	1000K	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	4M	29.94M	29.94M	58.38M	58.56M	69.24M	69.24M	71.5M	71.5M	71.5M
Intangible Assets	466K	1.79M	1.44M	7.6M	6.1M	5.2M	4.08M	3.72M	2.79M	2.01M
PP&E (Net)	6.86M	6.58M	6.58M	17.31M	16.81M	27.1M	49.65M	52.46M	55.49M	52.65M
Other Assets	61.45M	77.77M	139.98M	61.76M	133.73M	122.02M	319.01M	81.83M	131.23M	136.48M
Total Current Assets	112.35M	121.53M	135.88M	255.39M	276.25M	389.69M	870.71M	391.48M	509.35M	355.86M
Total Non-Current Assets	910.73M	1.27B	1.56B	2.72B	2.51B	2.96B	3.36B	3.53B	3.52B	3.64B
Total Assets+	1.02B	1.4B	1.69B	2.98B	2.79B	3.35B	4.23B	3.92B	4.03B	3.99B
Asset Growth %	0.1%	0.36%	0.21%	0.76%	-0.06%	0.2%	0.26%	-0.07%	0.03%	-0.01%
Return on Assets (ROA)	0.01%	0.02%	0.02%	0.02%	0.01%	0.01%	0.02%	0.02%	0.01%	0.01%
Accounts Payable	4.53M	7.09M	10.37M	21.94M	17.36M	16.4M	13.98M	20.83M	0	0
Total Debt+	0	52.72M	102.95M	432.71M	113.72M	268.67M	360.79M	434.83M	315.28M	364.39M
Net Debt	-87.85M	-21.84M	32.3M	284.43M	-1.64M	130.42M	-141.18M	350.68M	-116.7M	106.05M
Long-Term Debt	0	52.72M	77.95M	432.71M	113.72M	268.67M	337.51M	408.31M	284.08M	334.69M
Short-Term Debt	0	0	25M	0	0	0	0	0	0	0
Other Liabilities	4.85M	7.69M	-24.72M	0	0	0	0	1.16M	24.73M	36.42M
Total Current Liabilities	854.59M	1.15B	1.37B	2.17B	2.27B	2.65B	3.4B	3B	3.17B	3.08B
Total Non-Current Liabilities	4.85M	60.41M	53.23M	432.71M	113.72M	268.67M	360.79M	435.99M	340M	400.81M
Total Liabilities	859.44M	1.21B	1.43B	2.6B	2.38B	2.92B	3.76B	3.43B	3.51B	3.48B
Total Equity+	163.65M	181.59M	265.18M	375.11M	407.57M	428.49M	466.68M	484.56M	511.26M	507.88M
Equity Growth %	0.08%	0.11%	0.46%	0.41%	0.09%	0.05%	0.09%	0.04%	0.06%	-0.01%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.08%	0.11%	0.11%	0.11%	0.1%	0.08%	0.13%	0.14%	0.09%	0.05%
Book Value per Share	12.07	13.26	17.40	20.88	19.99	21.51	23.53	25.06	26.93	27.93
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	141.87M	142.65M	205.93M	288.61M	290.39M	284.26M	282.33M	276.91M	271.93M	259.96M
Additional Paid-in Capital	7.71M	8.42M	8.43M	5.66M	4.94M	4.93M	4.6M	3.36M	3.62M	3.65M
Retained Earnings	14.26M	30.78M	51.27M	81.62M	112.05M	138.09M	181.33M	225.88M	255.15M	264.46M
Accumulated OCI	-193K	-267K	-443K	-1.34M	239K	1.13M	-1.66M	-21.66M	-19.51M	-20.26M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	29.09M	56.22M	28.78M	-84.65M	476.47M	124.51M	202.18M	93.81M	51.29M	58.49M
Operating CF Growth %	1.91%	0.93%	-0.49%	-3.94%	6.63%	-0.74%	0.62%	-0.54%	-0.45%	0.14%
Net Income	12.97M	19.08M	25.53M	36.1M	39.21M	32.93M	56.91M	64.33M	42.47M	26.66M
Depreciation & Amortization	1.02M	1.36M	2.37M	5.13M	6.77M	7.82M	13.54M	11.02M	9.63M	9.25M
Deferred Taxes	1.36M	1.29M	5.4M	261K	2.4M	-2.02M	-56K	-1.2M	1.34M	-1.58M
Other Non-Cash Items	12.87M	34.16M	-4.47M	-126.04M	428.17M	85.86M	136.83M	25.03M	3.25M	29.12M
Working Capital Changes	-579K	-560K	-824K	-797K	-775K	-767K	-6.13M	-6.22M	-6.14M	-6.32M
Cash from Investing+	-105.38M	7.2M	-264.45M	-322.39M	-219.35M	-446.01M	-504.18M	-260.17M	243.31M	-160.39M
Purchase of Investments	-5.47M	-12.48M	-39.48M	-76.08M	-199.98M	-551.44M	-604.6M	-402.88M	-694.49M	-417.92M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	-35.05M	0	25.07M	0	6.63M	0	71.35M	0	0
Other Investing	-109.07M	45.46M	-229.73M	-377.49M	-167.29M	-364.39M	-340.55M	-412.87M	296.21M	-57.83M
Cash from Financing+	83.48M	-58.6M	267M	404.68M	-223.04M	334.38M	801.72M	-444.46M	53.22M	-71.74M
Dividends Paid	-3.11M	-2.55M	-5.12M	-5.75M	-8.03M	-6.57M	-9.95M	-10.74M	-12.16M	-11.72M
Share Repurchases	0	0	0	0	-3.19M	-7.85M	-10.54M	-19.82M	-6.8M	-20.68M
Stock Issued	0	595K	60.21M	9.63M	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	0	1000K	1000K	1000K	-1000K	1000K	1000K	1000K	-1000K	1000K
Other Financing	86.59M	-105.32M	186.91M	186.41M	107.69M	198.8M	754.1M	-483.91M	197.19M	-89.34M
Net Change in Cash+	7.2M	4.82M	31.34M	-2.36M	34.08M	12.89M	499.72M	-610.82M	347.82M	-173.63M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	106.69M	113.89M	118.71M	150.05M	147.69M	181.76M	194.65M	694.37M	83.55M	431.37M
Cash at End	113.89M	118.71M	150.05M	147.69M	181.76M	194.65M	694.37M	83.55M	431.37M	257.75M
Interest Paid	6.87M	12.34M	13.85M	19.99M	45.7M	36.19M	22.51M	29.73M	93.72M	120.92M
Income Taxes Paid	7.12M	12.52M	16.93M	9.34M	14.47M	13.47M	25.79M	24.02M	21.39M	6.22M
Free Cash Flow+	28.63M	56.01M	28.1M	-87.14M	475.12M	120.31M	200.19M	91.75M	50.64M	57.71M
FCF Growth %	1.88%	0.96%	-0.5%	-4.1%	6.45%	-0.75%	0.66%	-0.54%	-0.45%	0.14%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	8.22%	11.05%	11.43%	11.28%	10.02%	7.88%	12.71%	13.52%	8.53%	5.23%
Return on Assets (ROA)	1.33%	1.58%	1.65%	1.55%	1.36%	1.07%	1.5%	1.58%	1.07%	0.67%
Net Interest Margin	3.43%	3.99%	3.53%	2.62%	3.43%	3.11%	2.92%	3.79%	2.93%	2.46%
Efficiency Ratio	39.95%	36.25%	31.67%	35.78%	35.94%	38.88%	35.1%	33.31%	29.93%	29.81%
Equity / Assets	16%	13.01%	15.68%	12.61%	14.62%	12.79%	11.04%	12.36%	12.7%	12.72%
Book Value / Share	12.07	13.26	17.4	20.88	19.99	21.51	23.53	25.06	26.93	27.93
NII Growth	5.29%	58.62%	7.21%	30.36%	23.09%	8.77%	18.52%	20.36%	-20.49%	-17.02%
Dividend Payout	24%	13.39%	20.05%	15.93%	20.49%	19.94%	17.48%	16.69%	28.64%	43.95%

Revenue by Segment

	2019
Other Service Income	1.43M
Other Service Income Growth	-
Fees And Service Charges On Deposit Accounts	1.37M
Fees And Service Charges On Deposit Accounts Growth	-
Other Fees	1.12M
Other Fees Growth	-

Frequently Asked Questions

Valuation & Price

RBB Bancorp (RBB) has a price-to-earnings (P/E) ratio of 14.4x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

RBB Bancorp (RBB) saw revenue decline by 1.8% over the past year.

Yes, RBB Bancorp (RBB) is profitable, generating $26.2M in net income for fiscal year 2024 (11.5% net margin).

Dividend & Returns

Yes, RBB Bancorp (RBB) pays a dividend with a yield of 3.04%. This makes it attractive for income-focused investors.

RBB Bancorp (RBB) has a return on equity (ROE) of 5.2%. This is below average, suggesting room for improvement.

Industry Metrics

RBB Bancorp (RBB) has a net interest margin (NIM) of 2.5%. NIM has been under pressure due to interest rate environment.

RBB Bancorp (RBB) has an efficiency ratio of 29.8%. This is excellent, indicating strong cost control.

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