RBB Bancorp Management

Management criteria checks 2/4

RBB Bancorp's CEO is Dave Morris, appointed in Feb 2022, has a tenure of 2.75 years. total yearly compensation is $1.07M, comprised of 57.9% salary and 42.1% bonuses, including company stock and options. directly owns 0.21% of the company’s shares, worth €886.83K. The average tenure of the management team and the board of directors is 1.9 years and 2.3 years respectively.

Key information

Dave Morris

Chief executive officer

US$1.1m

Total compensation

CEO salary percentage	57.9%
CEO tenure	2.8yrs
CEO ownership	0.2%
Management average tenure	1.9yrs
Board average tenure	2.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Dave Morris's remuneration changed compared to RBB Bancorp's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$34m
Jun 30 2024	n/a	n/a	US$36m
Mar 31 2024	n/a	n/a	US$40m
Dec 31 2023	US$1m	US$619k	US$42m
Sep 30 2023	n/a	n/a	US$48m
Jun 30 2023	n/a	n/a	US$56m
Mar 31 2023	n/a	n/a	US$61m
Dec 31 2022	US$1m	US$595k	US$64m
Sep 30 2022	n/a	n/a	US$62m
Jun 30 2022	n/a	n/a	US$61m
Mar 31 2022	n/a	n/a	US$59m
Dec 31 2021	US$575k	US$362k	US$57m
Sep 30 2021	n/a	n/a	US$52m
Jun 30 2021	n/a	n/a	US$45m
Mar 31 2021	n/a	n/a	US$39m
Dec 31 2020	US$560k	US$350k	US$33m
Sep 30 2020	n/a	n/a	US$32m
Jun 30 2020	n/a	n/a	US$32m
Mar 31 2020	n/a	n/a	US$36m
Dec 31 2019	US$534k	US$323k	US$39m
Sep 30 2019	n/a	n/a	US$38m
Jun 30 2019	n/a	n/a	US$38m
Mar 31 2019	n/a	n/a	US$38m
Dec 31 2018	US$425k	US$291k	US$36m
Sep 30 2018	n/a	n/a	US$32m
Jun 30 2018	n/a	n/a	US$30m
Mar 31 2018	n/a	n/a	US$29m
Dec 31 2017	US$390k	US$238k	US$26m

Compensation vs Market: Dave's total compensation ($USD1.07M) is about average for companies of similar size in the German market ($USD1.03M).

Compensation vs Earnings: Dave's compensation has been consistent with company performance over the past year.

CEO

Dave Morris (63 yo)

2.8yrs

Tenure

US$1,069,978

Compensation

Mr. David Richard Morris, also known as Dave, has been Interim Chief Executive Officer, had been its President of RBB Bancorp since February 22, 2022 until June 2023 and serves as CEO of Royal Business Ban...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
David Morris	CEO & Director	2.8yrs	US$1.07m	0.21% € 886.8k
Johnny Lee	President & Chief Banking Officer	1.4yrs	US$751.22k	no data
Lynn Hopkins	Executive VP & CFO	less than a year	US$341.06k	no data
Gary Fan	Executive VP & Chief Administrative Officer	1.9yrs	US$528.05k	no data
I-Ming Liu	Founder	13.8yrs	US$565.24k	0.068% € 282.3k
Lissette Duran	Senior VP & Director of Operations	no data	no data	no data
Diana Hanson	Senior VP & Chief Accounting Officer	less than a year	no data	no data
Erik Grier	Senior VP & Chief Information Officer	no data	no data	no data
Sophy Chu	Senior VP & Compliance Officer	no data	no data	no data
Alberto Alverado	Senior Advisor & Legal Counsel	no data	no data	no data
Michele Rocha	Senior VP & HR Director	no data	no data	no data
Jeffrey Yeh	Executive VP & Chief Credit Officer	10.8yrs	US$586.88k	0.31% € 1.3m

1.9yrs

Average Tenure

61yo

Average Age

Experienced Management: 5SZ's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
David Morris	CEO & Director	2.1yrs	US$1.07m	0.21% € 886.8k
Chuang-I Lin	Independent Director	14.8yrs	US$116.64k	0.22% € 896.3k
Robert Franko	Independent Director	1.6yrs	US$20.60k	0.048% € 200.3k
Frank Wong	Independent Director	1.4yrs	US$19.30k	0.0062% € 25.9k
James W. Kao	Independent Director	9.5yrs	US$128.04k	3.1% € 12.9m
Christina Kao	Independent Chairman of the Board	5.5yrs	US$120.68k	1.23% € 5.1m
Geraldine Pannu	Independent Director	2.5yrs	US$118.74k	0.012% € 51.7k
Scott Polakoff	Independent Director	1.6yrs	US$20.00k	0.047% € 195.4k
Wong Lee	Independent Director	2.5yrs	US$113.60k	0.26% € 1.1m
William Bennett	Independent Director	1.4yrs	US$18.30k	0.0040% € 16.5k

2.3yrs

Average Tenure

63yo

Average Age

Experienced Board: 5SZ's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.

RBB Bancorp Management

Management criteria checks 2/4

Key information

Recent management updates

Independent Director recently bought €112k worth of stock

RBB Bancorp, Royal Business Bank and RBB Asset Management Company Appoint Christina Kao as the New Chair of the Board

RBB Bancorp, Annual General Meeting, May 15, 2024

RBB Bancorp, Annual General Meeting, May 15, 2024

Independent Chairman of the Board recently bought €282k worth of stock

Independent Chairman of the Board recently bought €109k worth of stock

Recent updates

Third quarter dividend of US$0.16 announced

Third quarter 2024 earnings released: EPS: US$0.39 (vs US$0.45 in 3Q 2023)

RBB Bancorp Declares Cash Dividend on Common Stock, Payable on November 12, 2024

RBB Bancorp to Report Q3, 2024 Results on Oct 21, 2024

Second quarter dividend of US$0.16 announced

Second quarter 2024 earnings released: EPS: US$0.39 (vs US$0.58 in 2Q 2023)

RBB Bancorp Declares Quarterly Cash Dividend, Payable on August 12, 2024

Investor sentiment improves as stock rises 15%

RBB Bancorp to Report Q2, 2024 Results on Jul 22, 2024

Independent Director recently bought €112k worth of stock

RBB Bancorp, Royal Business Bank and RBB Asset Management Company Appoint Christina Kao as the New Chair of the Board

Upcoming dividend of US$0.16 per share

First quarter dividend of US$0.16 announced

First quarter 2024 earnings released: EPS: US$0.43 (vs US$0.58 in 1Q 2023)

RBB Bancorp Declares Quarterly Cash Dividend, Payable on May 13, 2024

RBB Bancorp, Annual General Meeting, May 15, 2024

RBB Bancorp, Annual General Meeting, May 15, 2024

RBB Bancorp to Report Q1, 2024 Results on Apr 22, 2024

Independent Chairman of the Board recently bought €282k worth of stock

Full year 2023 earnings released: EPS: US$2.24 (vs US$3.37 in FY 2022)

Independent Chairman of the Board recently bought €109k worth of stock

High number of new directors

RBB Bancorp Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2023

RBB Bancorp Declares Quarterly Cash Dividend, Payable on February 9, 2024

RBB Bancorp to Report Q4, 2023 Results on Jan 22, 2024

Rbb Bancorp and Banc of California, Inc. Appoints Lynn M. Hopkins as Interim Executive Vice President

RBB Bancorp and Royal Business Bank Announces Chief Financial Officer Changes, Effective December 7, 2023

RBB Bancorp announced delayed 10-Q filing

Independent Director recently bought €93k worth of stock

Investor sentiment improves as stock rises 19%

RBB Bancorp and Royal Business Bank Announce the Appointment of Mina Rizkalla as SVP/Sr. BSA Officer and Deputy Chief Risk Officer

RBB Bancorp Announces Net Charge-Offs for the Third Quarter Ended September 30, 2023

Rbb Bancorp Declares Quarterly Cash Dividend, Payable on November 10, 2023

RBB Bancorp to Report Q3, 2023 Results on Oct 23, 2023

Second quarter 2023 earnings released: EPS: US$0.58 (vs US$0.81 in 2Q 2022)

High number of new directors

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age