New Risk • May 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.7% average weekly change). Significant insider selling over the past 3 months (€177k sold). Announcement • Apr 13
RBB Bancorp, Annual General Meeting, May 21, 2026 RBB Bancorp, Annual General Meeting, May 21, 2026. Location: royal business bank corporate headquarters, 1055 wilshire blvd., suite 1200, california 90017, los angeles United States Announcement • Apr 08
RBB Bancorp to Report Q1, 2026 Results on Apr 20, 2026 RBB Bancorp announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on Apr 20, 2026 Announcement • Jan 08
RBB Bancorp to Report Q4, 2025 Results on Jan 26, 2026 RBB Bancorp announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Jan 26, 2026 Announcement • Oct 02
RBB Bancorp to Report Q3, 2025 Results on Oct 20, 2025 RBB Bancorp announced that they will report Q3, 2025 results at 4:00 PM, US Eastern Standard Time on Oct 20, 2025 Announcement • Jul 22
RBB Bancorp Declares Quarterly Cash Dividend ,Payable on August 12, 2025 RBB Bancorp declared a quarterly cash dividend of $0.16 per common share. The dividend is payable on August 12, 2025 to shareholders of record on July 31, 2025. Announcement • Jul 02
RBB Bancorp to Report Q2, 2025 Results on Jul 21, 2025 RBB Bancorp announced that they will report Q2, 2025 results After-Market on Jul 21, 2025 Announcement • Jun 30
RBB Bancorp(NasdaqGS:RBB) dropped from Russell 2000 Dynamic Index RBB Bancorp(NasdaqGS:RBB) dropped from Russell 2000 Dynamic Index Announcement • May 30
RBB Bancorp (NasdaqGS:RBB) announces an Equity Buyback for $18 million worth of its shares. RBB Bancorp (NasdaqGS:RBB) announces a share repurchase program. Under the program, the company will repurchase up to $18 million of the company’s outstanding common stock. The plan will be valid till June 30, 2026. Announcement • May 23
RBB Bancorp Approves Appointment of Christopher Lin to the Board of Directors RBB Bancorp at its 2025 Annual Meeting of Shareholders held on May 21, 2025 approved appointment of Christopher Lin to the board of directors of the Company. Announcement • Apr 18
RBB Bancorp Declares Quarterly Cash Dividend, Payable on May 12, 2025 RBB Bancorp announced that its Board of Directors has declared a quarterly cash dividend of $0.16 per common share. The dividend is payable on May 12, 2025 to common shareholders of record as of April 30, 2025. Announcement • Apr 14
RBB Bancorp, Annual General Meeting, May 21, 2025 RBB Bancorp, Annual General Meeting, May 21, 2025. Location: royal business bank corporate headquarters, 1055 wilshire blvd suite 1200, california 90017, los angeles United States Announcement • Apr 08
RBB Bancorp to Report Q1, 2025 Results on Apr 28, 2025 RBB Bancorp announced that they will report Q1, 2025 results After-Market on Apr 28, 2025 Announcement • Mar 07
Zaya Younan Launches Landmark Fraud Lawsuit Against Royal Business Bank Zaya Younan has initiated legal proceedings in the Superior Court of California, County of Ventura, against Royal Business Bank and its three top executives: David R. Morris, Chief Executive Officer; Robert Franco, Chairman of the Directors’ Loan Committee; and Robert Ross, Deputy Chief Credit Officer (Case No: 2025CUOR038548). The lawsuit alleges that Royal Business Bank and its senior leadership engaged in a systematic scheme of fraud, deception, and predatory lending practices designed to exploit borrowers. According to the complaint, the bank, and its executives deliberately misrepresented and concealed the true terms and risks of loans while unlawfully altering or canceling critical financial instruments. They are further accused of engaging in unethical and deceptive business practices, acting in bad faith by willfully disregarding fair dealing and transparency, and intentionally interfering with the economic advantages of borrowers by disrupting their financial stability. The suit also contends that Royal Business Bank abused legal and administrative procedures for improper gain, inflicted severe emotional distress through calculated deceptive lending practices, and employed predatory tactics such as loan flipping, fee stacking, and other discreet fraudulent activities. It appears that Royal Business Bank has a documented history of engaging in fraudulent lending practices, with several former executives previously involved in similar misconduct. One of these executives was former CEO Alan Thian who was placed on leave amid an internal investigation. The probe found he had violated unspecified company policies and procedures, leading to his resignation. The same CEO was involved in originating of loans. In a further show of resolve, the complete lawsuit and all supporting documentation will be forwarded to key government agencies, including the Securities and Exchange Commission (SEC), the Federal Deposit Insurance Corporation (FDIC), the Federal Trade Commission (FTC), the Consumer Financial Protection Bureau (CFPB), and the Department of Financial Protection and Innovation (DFPI). This action underscores the grave risks that these fraudulent practices pose to investors, consumers, and the integrity of the financial system. Royal Business Bank now faces not only significant legal challenges but also heightened regulatory scrutiny and the potential for severe reputational damage. This litigation seeks to recover substantial damages incurred by the plaintiffs as a direct result of the bank’s alleged fraud and deceptive lending practices. They urge any borrower who has been adversely affected by Royal Business Bank’s unethical practices to contact us, as they are exploring the possibility of a collective class action lawsuit to ensure that every wronged party obtains the justice and compensation they deserve. Announcement • Jan 17
RBB Bancorp Declares Quarterly Cash Dividend, Payable on February 12, 2025 RBB Bancorp announced that its Board of Directors has declared a quarterly cash dividend of $0.16 per common share. The dividend is payable on February 12, 2025 to common shareholders of record as of January 31, 2025. Announcement • Jan 03
RBB Bancorp to Report Q4, 2024 Results on Jan 21, 2025 RBB Bancorp announced that they will report Q4, 2024 results After-Market on Jan 21, 2025 Declared Dividend • Oct 28
Third quarter dividend of US$0.16 announced Shareholders will receive a dividend of US$0.16. Ex-date: 31st October 2024 Payment date: 12th November 2024 Dividend yield will be 2.9%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (34% payout ratio) and is expected to be well covered in 3 years' time (34% forecast payout ratio). The dividend has increased by an average of 10% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 12% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 22
Third quarter 2024 earnings released: EPS: US$0.39 (vs US$0.45 in 3Q 2023) Third quarter 2024 results: EPS: US$0.39 (down from US$0.45 in 3Q 2023). Revenue: US$27.0m (down 6.8% from 3Q 2023). Net income: US$7.00m (down 17% from 3Q 2023). Profit margin: 26% (down from 29% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Oct 22
RBB Bancorp Declares Cash Dividend on Common Stock, Payable on November 12, 2024 On October 21, 2024, RBB Bancorp announced that its Board of Directors declared a cash dividend of $0.16 per share of its common stock, payable on November 12, 2024, to common shareholders of record as of October 31, 2024. Announcement • Oct 02
RBB Bancorp to Report Q3, 2024 Results on Oct 21, 2024 RBB Bancorp announced that they will report Q3, 2024 results After-Market on Oct 21, 2024 Declared Dividend • Jul 29
Second quarter dividend of US$0.16 announced Shareholders will receive a dividend of US$0.16. Ex-date: 31st July 2024 Payment date: 12th August 2024 Dividend yield will be 2.9%, which is lower than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 10% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to decline by 7.9% over the next year. However, it would need to fall by 63% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Jul 23
Second quarter 2024 earnings released: EPS: US$0.39 (vs US$0.58 in 2Q 2023) Second quarter 2024 results: EPS: US$0.39 (down from US$0.58 in 2Q 2023). Revenue: US$26.9m (down 21% from 2Q 2023). Net income: US$7.25m (down 34% from 2Q 2023). Profit margin: 27% (down from 32% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.1% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Jul 19
RBB Bancorp Declares Quarterly Cash Dividend, Payable on August 12, 2024 RBB Bancorp announced that its Board of Directors has declared a quarterly cash dividend of $0.16 per common share. The dividend is payable on August 12, 2024 to common shareholders of record as of July 31, 2024. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €19.90, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 7.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €31.62 per share. Announcement • Jul 04
RBB Bancorp to Report Q2, 2024 Results on Jul 22, 2024 RBB Bancorp announced that they will report Q2, 2024 results After-Market on Jul 22, 2024 Recent Insider Transactions • Jun 19
Independent Director recently bought €112k worth of stock On the 14th of June, James W. Kao bought around 7k shares on-market at roughly €15.97 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €1.7m more in shares than they have sold in the last 12 months. Announcement • May 16
RBB Bancorp, Royal Business Bank and RBB Asset Management Company Appoint Christina Kao as the New Chair of the Board RBB Bancorp and its subsidiaries, Royal Business Bank and RBB Asset Management Company, collectively referred to herein as “the Company,” announced that at their Organizational Board of Director meetings held on May 15, 2024, after the Company annual shareholder meeting, Ms. Christina Kao has been unanimously appointed as the new Chair of the Board for the Company. Dr. James Kao, Chair of the Board for the past three years of RBB Bancorp and the Bank, will remain on the Boards of Directors and serve as chair of the new Enterprise Risk Committee. Ms. Kao has been director of the Company since 2019, and she has served as Compensation Committee Chair; Nominating and Corporate Governance Chair; and she has served on the Audit; Asset Liability Management; Directors Loan; Community Reinvestment Act; and Information Technology and Security committees. Ms. Kao has been an integral part of the reconstitution of the Boards of Directors and management, spearheading improved governance. Ms. Kao is a local business owner in Las Vegas, Nevada since 2017. From 2009 to 2017, Ms. Kao worked in purchasing, marketing, and new business development for leading chemical and material science corporations, such as Solvay, Dow Chemical, and DuPont. Prior to 2009, she was a consultant and CFO for a non-profit engineering consulting firm, and she has also consulted for a biotech start-up specializing in diagnostics and a food start-up. Ms. Kao holds a B.S. in Chemical Engineering from Virginia Commonwealth University and an M.B.A. from Harvard Business School. Upcoming Dividend • Apr 25
Upcoming dividend of US$0.16 per share Eligible shareholders must have bought the stock before 30 April 2024. Payment date: 13 May 2024. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (6.4%). Declared Dividend • Apr 24
First quarter dividend of US$0.16 announced Shareholders will receive a dividend of US$0.16. Ex-date: 30th April 2024 Payment date: 13th May 2024 Dividend yield will be 3.6%, which is lower than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 10% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to decline by 13% over the next year. However, it would need to fall by 66% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Apr 23
First quarter 2024 earnings released: EPS: US$0.43 (vs US$0.58 in 1Q 2023) First quarter 2024 results: EPS: US$0.43 (down from US$0.58 in 1Q 2023). Revenue: US$28.2m (down 18% from 1Q 2023). Net income: US$8.04m (down 27% from 1Q 2023). Profit margin: 28% (down from 32% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 1.4% p.a. on average during the next 2 years, while revenues in the Banks industry in Europe are expected to grow by 3.3%. Over the last 3 years on average, earnings per share has remained flat and the company’s share price has also remained flat. Announcement • Apr 19
RBB Bancorp Declares Quarterly Cash Dividend, Payable on May 13, 2024 RBB Bancorp and its subsidiaries, Royal Business Bank and RBB Asset Management Company, collectively referred to herein as "the Company", announced that its Board of Directors has declared a quarterly cash dividend of $0.16 per common share. The dividend is payable on May 13, 2024 to common shareholders of record as of May 1, 2024. Announcement • Apr 10
RBB Bancorp, Annual General Meeting, May 15, 2024 RBB Bancorp, Annual General Meeting, May 15, 2024, at 11:00 Pacific Standard Time. Location: Royal Business Bank Corporate Headquarters, 1055 Wilshire Blvd Suite 1200 Los Angeles California United States Agenda: To consider Election of Directors; to approve, on a non-binding advisory basis, the compensation of the Company’s NEOs; to ratify appointment of Crowe LLP as the Company’s independent auditor for the fiscal year ending December 31, 2024; and to consider other matters. Announcement • Apr 03
RBB Bancorp to Report Q1, 2024 Results on Apr 22, 2024 RBB Bancorp announced that they will report Q1, 2024 results After-Market on Apr 22, 2024 Recent Insider Transactions • Mar 17
Independent Chairman of the Board recently bought €282k worth of stock On the 14th of March, James W. Kao bought around 18k shares on-market at roughly €15.51 per share. This transaction amounted to 3.5% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €518k. James W. has been a buyer over the last 12 months, purchasing a net total of €1.4m worth in shares. Reported Earnings • Mar 14
Full year 2023 earnings released: EPS: US$2.24 (vs US$3.37 in FY 2022) Full year 2023 results: EPS: US$2.24 (down from US$3.37 in FY 2022). Revenue: US$130.9m (down 16% from FY 2022). Net income: US$42.5m (down 34% from FY 2022). Profit margin: 32% (down from 41% in FY 2022). The decrease in margin was driven by lower revenue. Net interest margin (NIM): 3.16% (down from 4.02% in FY 2022). Cost-to-income ratio: 52.6% (up from 40.1% in FY 2022). Non-performing loans: 1.04% (up from 0.71% in FY 2022). Revenue is expected to decline by 3.9% p.a. on average during the next 2 years, while revenues in the Banks industry in Europe are expected to grow by 3.8%. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Mar 01
Independent Chairman of the Board recently bought €109k worth of stock On the 28th of February, James W. Kao bought around 7k shares on-market at roughly €15.54 per share. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €518k. James W. has been a buyer over the last 12 months, purchasing a net total of €982k worth in shares. Board Change • Feb 13
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Independent Director Frank Wong was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Jan 23
RBB Bancorp Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2023 RBB Bancorp reported net charge-offs for the fourth quarter ended December 31, 2023. For the quarter, the company reported net charge-offs of $109,000 against $85,000 a year ago. Announcement • Jan 19
RBB Bancorp Declares Quarterly Cash Dividend, Payable on February 9, 2024 RBB Bancorp and its subsidiaries, Royal Business Bank and RBB Asset Management Company, collectively referred to herein as "the Company", announced that its Board of Directors has declared a quarterly cash dividend of $0.16 per common share. The dividend is payable on February 9, 2024 to common shareholders of record as of January 31, 2024. Announcement • Jan 10
RBB Bancorp to Report Q4, 2023 Results on Jan 22, 2024 RBB Bancorp announced that they will report Q4, 2023 results After-Market on Jan 22, 2024 Announcement • Dec 13
Rbb Bancorp and Banc of California, Inc. Appoints Lynn M. Hopkins as Interim Executive Vice President RBB Bancorp announced that Lynn M. Hopkins has been appointed as interim executive vice president of Royal Business Bank and RBB Bancorp, effective December 7, 2023. Hopkins, who has over 30 years of financial services industry experience, has served as chief financial officer at various financial institutions. She has expertise in banking risk management, corporate governance and operations, strategic planning and forecasting, liquidity, treasury and asset liability risk management, mergers and acquisitions, integration and conversion activities and technical accounting. Hopkins previously served as executive vice president and chief financial officer at Banc of California Inc., a publicly traded bank holding company. Hopkins also held chief financial officer roles at First Choice Bancorp and Commercial Bank of California and various executive finance and corporate leadership roles at PacWest Bancorp, California Community Bancshares and Western Bancorp. Alex Ko informed the board that he is voluntarily resigning from his position as CFO due to personal reasons. He will be available as a consultant to assist in the transition to the new Interim CFO. Announcement • Dec 12
RBB Bancorp and Royal Business Bank Announces Chief Financial Officer Changes, Effective December 7, 2023 RBB Bancorp announced that Lynn M. Hopkins has been appointed as chief financial officer of Royal Business Bank and RBB Bancorp, effective December 7, 2023. Hopkins, who has over 30 years of financial services industry experience, has served as chief financial officer at various financial institutions. She has expertise in banking risk management, corporate governance and operations, strategic planning and forecasting, liquidity, treasury and asset liability risk management, mergers and acquisitions, integration and conversion activities and technical accounting. Hopkins previously served as executive vice president and chief financial officer at Banc of California Inc., a publicly traded bank holding company. Hopkins also held chief financial officer roles at First Choice Bancorp and Commercial Bank of California and various executive finance and corporate leadership roles at PacWest Bancorp, California Community Bancshares and Western Bancorp. Alex Ko informed the board that he is voluntarily resigning from his position as CFO due to personal reasons. He will be available as a consultant to assist in the transition to the new Interim CFO. Announcement • Nov 14
RBB Bancorp announced delayed 10-Q filing On 11/13/2023, RBB Bancorp announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Recent Insider Transactions • Nov 10
Independent Director recently bought €93k worth of stock On the 6th of November, Scott Polakoff bought around 7k shares on-market at roughly €12.59 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €100k more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €12.50, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Banks industry in Europe. Total loss to shareholders of 42% over the past year. Announcement • Nov 01
RBB Bancorp and Royal Business Bank Announce the Appointment of Mina Rizkalla as SVP/Sr. BSA Officer and Deputy Chief Risk Officer RBB Bancorp announced the appointment of Mina Rizkalla as SVP/Sr. BSA Officer and Deputy Chief Risk Officer of RBB Bancorp (the Company) and Royal Business Bank (the Bank). Mr. Rizkalla will be the head of the Bank’s Bank Secrecy Act (BSA) department where he will oversee the Bank’s Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) compliance program and assist in the administration of the Bank's comprehensive risk management programs for assessing, identifying, monitoring, and reducing risks. Mr. Rizkalla was previously the EVP & Chief Risk Officer/BSA Officer of Commonwealth Business Bank, which he joined in 2021. He brings significant experience in BSA/AML compliance, including his management of the BSA and compliance departments at CTBC Bank, East West Bank and OneWest Bank. He graduated from California State University, Los Angeles with a Bachelor of Science in Criminology. Announcement • Oct 25
RBB Bancorp Announces Net Charge-Offs for the Third Quarter Ended September 30, 2023 RBB Bancorp announced net charge-offs for the third quarter ended September 30, 2023. Total net charge-offs were $2.2 million for the third quarter of 2023, as compared to net charge-offs of $580,000 in the prior quarter and net recoveries of $127,000 in the same quarter last year. Announcement • Oct 20
Rbb Bancorp Declares Quarterly Cash Dividend, Payable on November 10, 2023 RBB Bancorp and its subsidiaries, Royal Business Bank and RBB Asset Management Company, collectively referred to herein as "the Company", announced that its Board of Directors has declared a quarterly cash dividend of $0.16 per share. The dividend is payable on November 10, 2023 to common shareholders of record as of October 30, 2023. Announcement • Oct 11
RBB Bancorp to Report Q3, 2023 Results on Oct 23, 2023 RBB Bancorp announced that they will report Q3, 2023 results at 4:00 PM, US Eastern Standard Time on Oct 23, 2023 Reported Earnings • Jul 26
Second quarter 2023 earnings released: EPS: US$0.58 (vs US$0.81 in 2Q 2022) Second quarter 2023 results: EPS: US$0.58 (down from US$0.81 in 2Q 2022). Revenue: US$34.0m (down 14% from 2Q 2022). Net income: US$10.9m (down 29% from 2Q 2022). Profit margin: 32% (down from 39% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 8.7% p.a. on average during the next 2 years, while revenues in the Banks industry in Europe are expected to grow by 4.4%. Board Change • Jul 26
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Independent Director Frank Wong was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.