RBB Bancorp GAAP EPS of $0.87 beats by $0.01, revenue of $41.52M misses by $0.45M

Oct. 24, 2022 4:18 PM ETRBB Bancorp (RBB)By: Urvi Shah, SA News Editor
  • RBB Bancorp press release (NASDAQ:RBB): Q3 GAAP EPS of $0.87 beats by $0.01.
  • Revenue of $41.52M (+11.9% Y/Y) misses by $0.45M.
  • Net income of $16.7 million for the third quarter of 2022 produced an annualized return on average assets ("ROA") of 1.72% and an annualized return on average shareholders' equity ("ROE") of 13.93% compared to an annualized ROA of 1.60% and an annualized ROE of 13.30% for the second quarter of 2022.

  • The efficiency ratio, see definition in Selected Financial Highlights section, for the third quarter of 2022 was 40.22%, compared to 43.47% for the prior quarter.

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