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RBB Bancorp

Nasdaq:RBB
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RBB
Nasdaq
$379M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

RBB Bancorp operates as the bank holding company for Royal Business Bank that provides various banking products and services to the Chinese-American communities. The last earnings update was 2 days ago. More info.


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RBB Share Price and Events
7 Day Returns
-3.6%
NasdaqGS:RBB
1.2%
US Banks
-0.1%
US Market
1 Year Returns
-32.4%
NasdaqGS:RBB
-5.2%
US Banks
7.6%
US Market
RBB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
RBB Bancorp (RBB) -3.6% 3% 3.9% -32.4% - -
US Banks 1.2% 8.6% 3.7% -5.2% 43.3% 51.7%
US Market -0.1% 3.7% 10.2% 7.6% 38.1% 46.4%
1 Year Return vs Industry and Market
  • RBB underperformed the Banks industry which returned -5.2% over the past year.
  • RBB underperformed the Market in United States of America which returned 7.6% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is RBB Bancorp undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of RBB Bancorp to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for RBB Bancorp.

NasdaqGS:RBB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $21.04 * 9.8%
$2.06
Book Value of Equity per Share Weighted future Book Value estimates from 4 analysts. $21.04
Discount Rate (Cost of Equity) See below 9.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:RBB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.63
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.63 (1 + (1- 21%) (102.36%))
1.094
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.094 * 5.96%)
9.25%

Discounted Cash Flow Calculation for NasdaqGS:RBB using Excess Returns Model Model

The calculations below outline how an intrinsic value for RBB Bancorp is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGS:RBB Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (9.8% – 9.25%) * $21.04)
$0.12
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.12 / (9.25% - 2.73%)
$1.80
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $21.04 + $1.80
$22.84
NasdaqGS:RBB Discount to Share Price
Calculation Result
Value per share (USD) From above. $22.84
Current discount Discount to share price of $18.90
= -1 x ($18.90 - $22.84) / $22.84
17.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price RBB Bancorp is available for.
Intrinsic value
17%
Share price is $18.9 vs Future cash flow value of $22.84
Current Discount Checks
For RBB Bancorp to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • RBB Bancorp's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • RBB Bancorp's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for RBB Bancorp's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are RBB Bancorp's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:RBB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $2.07
NasdaqGS:RBB Share Price ** NasdaqGS (2019-04-23) in USD $18.9
United States of America Banks Industry PE Ratio Median Figure of 587 Publicly-Listed Banks Companies 12.86x
United States of America Market PE Ratio Median Figure of 3,080 Publicly-Listed Companies 18.03x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of RBB Bancorp.

NasdaqGS:RBB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:RBB Share Price ÷ EPS (both in USD)

= 18.9 ÷ 2.07

9.11x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • RBB Bancorp is good value based on earnings compared to the US Banks industry average.
  • RBB Bancorp is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does RBB Bancorp's expected growth come at a high price?
Raw Data
NasdaqGS:RBB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.11x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
7.6%per year
United States of America Banks Industry PEG Ratio Median Figure of 262 Publicly-Listed Banks Companies 1.25x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.55x

*Line of best fit is calculated by linear regression .

NasdaqGS:RBB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.11x ÷ 7.6%

1.2x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • RBB Bancorp is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on RBB Bancorp's assets?
Raw Data
NasdaqGS:RBB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $19.19
NasdaqGS:RBB Share Price * NasdaqGS (2019-04-23) in USD $18.9
United States of America Banks Industry PB Ratio Median Figure of 592 Publicly-Listed Banks Companies 1.22x
United States of America Market PB Ratio Median Figure of 5,185 Publicly-Listed Companies 1.92x
NasdaqGS:RBB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:RBB Share Price ÷ Book Value per Share (both in USD)

= 18.9 ÷ 19.19

0.98x

* Primary Listing of RBB Bancorp.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • RBB Bancorp is good value based on assets compared to the US Banks industry average.
X
Value checks
We assess RBB Bancorp's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. RBB Bancorp has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is RBB Bancorp expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is RBB Bancorp expected to grow at an attractive rate?
  • RBB Bancorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • RBB Bancorp's earnings growth is positive but not above the United States of America market average.
  • RBB Bancorp's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:RBB Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:RBB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 7.6%
NasdaqGS:RBB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 11.5%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 4.2%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.5%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:RBB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 weeks ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:RBB Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 129 46 3
2019-12-31 123 44 3
NasdaqGS:RBB Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 98 38
2018-12-31 87 -85 36
2018-09-30 77 -96 32
2018-06-30 76 -24 30
2018-03-31 77 20 29
2017-12-31 74 29 26
2017-09-30 70 13 26
2017-06-30 69 29 25
2017-03-31 64 66 22
2016-12-31 60 56 19
2016-09-30 57 17
2016-06-30 50 15

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • RBB Bancorp's earnings are expected to grow by 7.6% yearly, however this is not considered high growth (20% yearly).
  • RBB Bancorp's revenue is expected to grow by 11.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:RBB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 weeks ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from RBB Bancorp Company Filings, last reported 3 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:RBB Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 2.21 2.40 2.10 4.00
2019-12-31 2.16 2.20 2.10 4.00
NasdaqGS:RBB Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 2.07
2018-12-31 2.11
2018-09-30 1.94
2018-06-30 1.89
2018-03-31 1.94
2017-12-31 1.81
2017-09-30 1.95
2017-06-30 1.96
2017-03-31 1.70
2016-12-31 1.49
2016-09-30 1.36
2016-06-30 1.14

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if RBB Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess RBB Bancorp's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
RBB Bancorp has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has RBB Bancorp performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare RBB Bancorp's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • RBB Bancorp has delivered over 20% year on year earnings growth in the past 5 years.
  • RBB Bancorp's 1-year earnings growth exceeds its 5-year average (30.3% vs 29.6%)
  • RBB Bancorp's earnings growth has not exceeded the US Banks industry average in the past year (30.3% vs 43.5%).
Earnings and Revenue History
RBB Bancorp's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from RBB Bancorp Company Filings, last reported 3 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:RBB Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 97.69 37.64 40.53
2018-12-31 86.84 36.11 33.88
2018-09-30 76.91 31.50 26.99
2018-06-30 75.83 29.78 25.72
2018-03-31 77.19 28.88 24.85
2017-12-31 74.42 25.53 23.23
2017-09-30 69.97 26.03 22.17
2017-06-30 68.83 25.11 21.69
2017-03-31 64.03 21.73 21.89
2016-12-31 60.47 19.08 21.61
2016-09-30 57.13 17.40 33.56
2016-06-30 50.05 14.54 27.98
2016-03-31 43.51 12.44 21.74
2015-12-31 42.05 12.97 16.80
2015-09-30 41.44 12.28 17.27
2015-06-30 40.18 11.87 17.27
2015-03-31 39.80 11.31 17.27
2014-12-31 37.68 10.43 17.27
2014-09-30 35.84 9.98 15.87
2014-06-30 36.74 10.13 15.87
2014-03-31 33.89 8.61 15.87
2013-12-31 30.47 7.00 15.87
2012-12-31 20.30 4.05 11.15

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • RBB Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • RBB Bancorp used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if RBB Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess RBB Bancorp's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
RBB Bancorp has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is RBB Bancorp's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of RBB Bancorp's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from RBB Bancorp Company Filings, last reported 3 weeks ago.

NasdaqGS:RBB Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 384.80 388.34 251.28
2018-12-31 374.62 432.71 123.79
2018-09-30 295.00 263.13 172.15
2018-06-30 286.20 93.07 73.39
2018-03-31 275.82 53.01 79.14
2017-12-31 265.18 77.95 130.95
2017-09-30 260.33 52.89 166.15
2017-06-30 192.34 52.84 162.97
2017-03-31 183.50 62.78 167.65
2016-12-31 181.59 52.72 109.25
2016-09-30 176.14 62.60 104.27
2016-06-30 170.32 62.59 53.65
2016-03-31 166.86 43.41 81.93
2015-12-31 163.65 0.00 116.79
2015-09-30 159.66 0.00 71.40
2015-06-30 156.40 0.00 103.78
2015-03-31 153.08 0.00 93.50
2014-12-31 151.98 0.00 102.91
2014-09-30 147.77 0.00 16.78
2014-06-30 144.92 0.00 47.08
2014-03-31 141.99 5.00 23.62
2013-12-31 137.99 7.00 30.46
2012-12-31 108.11 0.00 57.06
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • RBB Bancorp has an acceptable proportion of non-loan assets held.
  • RBB Bancorp's liabilities are made up of primarily low risk sources of funding.
  • Loans at RBB Bancorp are broadly funded by customer deposits.
  • RBB Bancorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • RBB Bancorp has a sufficient allowance for bad loans.
  • RBB Bancorp has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess RBB Bancorp's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. RBB Bancorp has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is RBB Bancorp's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.12%
Current annual income from RBB Bancorp dividends. Estimated to be 2.18% next year.
If you bought $2,000 of RBB Bancorp shares you are expected to receive $42 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • RBB Bancorp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
  • RBB Bancorp's dividend is below the markets top 25% of dividend payers in United States of America (3.64%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:RBB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 472 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:RBB Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.43 4.00
2019-12-31 0.39 4.00
NasdaqGS:RBB Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-01-24 0.400 2.014
2018-09-17 0.360 1.703
2018-07-20 0.360 1.220
2018-04-19 0.360 1.190
2018-01-18 0.320 1.200
2017-11-13 0.320 1.228
2017-10-23 0.320 1.329
2017-07-26 0.300 1.322

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, RBB Bancorp has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but RBB Bancorp only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of RBB Bancorp's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.3x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess RBB Bancorp's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can RBB Bancorp afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. RBB Bancorp has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of RBB Bancorp's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Alan Thian
COMPENSATION $3,721,133
AGE 65
TENURE AS CEO 11.3 years
CEO Bio

Mr. Yee Phong Thian, also known as Alan, has been the Chairman, Chief Executive Officer and President of RBB Bancorp and Royal Business Bank since 2008. Mr. Thian served as an Executive Vice President and Regional Director of Southern California of Ucbh Holdings, Inc. and United Commercial Bank (UCB) since July 11, 2003. He served as the President and Chief Executive Officer of First Continental Bank (FCB) since July 2000 and joined United Commercial Bank (UCB) following UCBs acquisition of FCB in July 2003. Prior to FCB, he served as President and Chief Executive Officer of American International Bank in Los Angeles From June 1997 to October 1997 and served as a Senior Vice President of General Bank. He served as an Executive Vice President and Regional Director of United Commercial Bank until April 2007. From June 1997 to October 1997, he served as the President and Chief Executive Officer of American International Bank. He began his banking career at General Bank, where he served as a Director from June 1982 to June 1997 and in various officer positions. He has been a Director at RBB Bancorp since 2008. He served as a Director of American International Bank until January 2000. Mr. Thian holds a B.A. from Nan Yang University and an M.B.A. from University of Southern California. He has knowledge and experience with real estate investment and development.

CEO Compensation
  • Alan's compensation has increased by more than 20% in the past year.
  • Alan's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the RBB Bancorp management team in years:

8.8
Average Tenure
62
Average Age
  • The average tenure for the RBB Bancorp management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Alan Thian

TITLE
Chairman
COMPENSATION
$4M
AGE
65
TENURE
11.3 yrs

Dave Morris

TITLE
Executive VP & CFO
COMPENSATION
$425K
AGE
57
TENURE
8.8 yrs

Vincent Liu

TITLE
Executive VP & Chief Risk Officer
AGE
62

Peggy Huang

TITLE
Secretary & Director
COMPENSATION
$92K
AGE
62

Erik Grier

TITLE
First VP & Chief Information Officer

Sophy Chu

TITLE
Senior VP & Compliance Officer

Alberto Alverado

TITLE
Senior Advisor & Legal Counsel

Michele Rocha

TITLE
Senior VP & HR Director

Simon C. Pang

TITLE
Executive VP & Chief Strategy Officer
COMPENSATION
$343K
AGE
62

Jeffrey Yeh

TITLE
Executive VP & Chief Credit Officer
AGE
56
TENURE
5.3 yrs
Board of Directors Tenure

Average tenure and age of the RBB Bancorp board of directors in years:

8.3
Average Tenure
63.5
Average Age
  • The tenure for the RBB Bancorp board of directors is about average.
Board of Directors

Raymond Yu

TITLE
Vice Chairman
COMPENSATION
$4K
AGE
50
TENURE
0.5 yrs

Alan Thian

TITLE
Chairman
COMPENSATION
$4M
AGE
65
TENURE
11.3 yrs

Peggy Huang

TITLE
Secretary & Director
COMPENSATION
$92K
AGE
62
TENURE
8.3 yrs

Ruey-Chyr Kao

TITLE
Director
COMPENSATION
$90K
AGE
77
TENURE
8.3 yrs

Christopher Koo

TITLE
Director
COMPENSATION
$96K
AGE
60
TENURE
8.3 yrs

Catherine Thian

TITLE
Director
COMPENSATION
$100K
AGE
67
TENURE
8.3 yrs

Peter M. Chang

TITLE
Director
COMPENSATION
$95K
AGE
46
TENURE
8.3 yrs

Wendell Chen

TITLE
Director
COMPENSATION
$98K
AGE
41

Christopher Lin

TITLE
Director
COMPENSATION
$94K
AGE
77
TENURE
8.3 yrs

Ko-Yen Lin

TITLE
Director
COMPENSATION
$96K
AGE
74
TENURE
8.3 yrs
Who owns this company?
Recent Insider Trading
  • Information is not available.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
21. Feb 19 Sell Chie-Min Koo Individual 04. Feb 19 19. Feb 19 -1,000 $21.00 $-20,080
05. Feb 19 Buy Wilson Mach Individual 05. Feb 19 05. Feb 19 1,000 $19.11 $19,110
09. Nov 18 Sell I-Ming Liu Individual 10. May 18 22. May 18 -13,906 $28.90 $-390,554
06. Nov 18 Buy Wilson Mach Individual 06. Nov 18 06. Nov 18 1,000 $21.52 $21,520
24. May 18 Sell I-Ming Liu Individual 02. May 18 22. May 18 -31,194 $29.22 $-870,534
X
Management checks
We assess RBB Bancorp's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. RBB Bancorp has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Could The RBB Bancorp (NASDAQ:RBB) Ownership Structure Tell Us Something Useful?

Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … RBB Bancorp is not a large company by global standards. … institutions own shares in the company.

Simply Wall St -

Here's How P/E Ratios Can Help Us Understand RBB Bancorp (NASDAQ:RBB)

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … We'll look at RBB Bancorp's (NASDAQ:RBB) P/E ratio and reflect on what it tells us about the company's share price. … RBB Bancorp has a price to earnings ratio of 10.17, based on the last twelve months.

Simply Wall St -

RBB Bancorp (NASDAQ:RBB) Is Trading 4.5% Below Its True Value

One of the most difficult industry to value is banking, given that they adhere to different rules compared to other companies. … The tiered capital structure is common for banks to abide by, in order to ensure they maintain a sufficient level of cash for their customers.

Simply Wall St -

Do You Like RBB Bancorp (NASDAQ:RBB) At This P/E Ratio?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … How Do I Calculate A Price To Earnings Ratio … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Should You Expect RBB Bancorp (NASDAQ:RBB) To Continue Delivering An ROE Of 10.4%?

and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … Sustainability can be gauged by a company’s financial leverage – the more debt it has, the higher ROE is pumped up in the short term, at the expense of long term interest payment burden. … Check out our latest analysis for RBB Bancorp

Simply Wall St -

Future Outlook Of The Financial Industry And RBB Bancorp (NASDAQ:RBB)

which now face the choice of either being disintermediated or proactively disrupting their own business models to thrive in the future … Many banks and capital markets firms, particularly the large, complex institutions, have been simplifying their business and operating models over the last few years, both for economic reasons and to reduce organizational complexity

Simply Wall St -

Is RBB Bancorp's (NASDAQ:RBB) Growth Strong Enough To Justify Its August Share Price?

RBB Bancorp (NASDAQ:RBB) is considered a high-growth stock, but its last closing price of $29.89 left some investors wondering if this high future earnings potential can be rationalized by its current price tag. … Let’s take a look at some key metrics to determine whether there's any value here for current and potential future investors. … If you are bullish about RBB Bancorp's growth potential then you are certainly not alone

Simply Wall St -

Why RBB Bancorp’s (NASDAQ:RBB) Risk Control Makes It Attractive

As a small-cap bank with a market capitalisation of US$520.66m, RBB Bancorp’s (NASDAQ:RBB) profit and value are directly affected by economic growth. … Risk associated with repayment is measured by bad debt which is written off as an expense, impacting RBB Bancorp’s bottom line. … Since the level of risky assets held by the bank impacts the attractiveness of it as an investment, I will take you through three metrics that are insightful proxies for risk.

Simply Wall St -

Don't Trust NASDAQ:RBB's 1.13% Yield

A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … RBB Bancorp (NASDAQ:RBB) has returned an average dividend yield of 1.00% annually to shareholders. … View our latest analysis for RBB Bancorp

Simply Wall St -

Is RBB Bancorp's (NASDAQ:RBB) PE Ratio A Signal To Buy For Investors?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to begin learning the link between RBB Bancorp (NASDAQ:RBB)’s fundamentals and stock market performance. … While this makes RBB appear like a great stock to buy, you might change your mind after I explain the assumptions behind the P/E ratio

Simply Wall St -

Company Info

Description

RBB Bancorp operates as the bank holding company for Royal Business Bank that provides various banking products and services to the Chinese-American communities. Its deposit products include checking, savings, and money market accounts, as well as certificates of deposit. The company offers commercial and industrial lines of credit, term loans, mortgage warehouse lines, and international trade discounts; commercial real estate loans; residential construction, commercial construction, 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 trust, remote deposit, e-banking, and mobile banking services, as well as operates a loan production office in California. The company primarily offers its products and services to individuals, businesses, municipalities, and other entities. As of March 26, 2019, it operated 10 branches in Los Angeles County; 2 branches in Ventura County; 1 branch in Irvine, California; 1 branch in Las Vegas, Nevada; and 9 branches and 2 loan offices in Brooklyn, Queens, and Manhattan in New York. RBB Bancorp was founded in 2008 and is headquartered in Los Angeles, California.

Details
Name: RBB Bancorp
RBB
Exchange: NasdaqGS
Founded: 2008
$379,398,429
20,073,991
Website: http://www.royalbusinessbankusa.com
Address: RBB Bancorp
1055 Wilshire Boulevard,
12th Floor,
Los Angeles,
California, 90017,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS RBB Common Shares Nasdaq Global Select US USD 26. Jul 2017
Number of employees
Current staff
Staff numbers
365
RBB Bancorp employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 00:35
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2019/04/23
Last earnings filing: 2019/04/22
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.