RBB Bancorp
For the period ended Dec 31, 2024. Filed Mar 17, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 17, 2025
RBB$26.05+1.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statement of Changes in Shareholders' Equity
FOR THE YEARS ENDED DECEMBER 31, 2024, 2023 AND 2022
(In thousands, except share data)
| Common Stock · Accumulated | |||||||
|---|---|---|---|---|---|---|---|
| Shares | Amount | Additional Paid-in Capital | Retained Earnings | Non- Controlling Interest | Other Comprehensive (Loss) Income | Total | |
| Balance at January 1, 2022 | 19,455,544 | $282,335 | $4,603 | $181,329 | $72 | $(1,656) | $466,683 |
| Cumulative effect of change in accounting principle related to ASC 326 (1) | — | — | — | (2,204) | — | — | (2,204) |
| Net income | — | — | — | 64,327 | — | — | 64,327 |
| Stock-based compensation, net | — | — | 848 | — | — | — | 848 |
| Restricted stock cancelled | (40,000) | — | — | — | — | — | — |
| Restricted stock vested | — | 355 | (355) | — | — | — | — |
| Restricted stock unit vested | 7,450 | 202 | (202) | — | — | — | — |
| Cash dividends on common stock ($0.56 per share) | — | — | — | (10,736) | — | — | (10,736) |
| Stock options exercised | 445,308 | 7,009 | (1,533) | — | — | — | 5,476 |
| Repurchase of common stock | (902,526) | (12,989) | — | (6,833) | — | — | (19,822) |
| Other comprehensive loss, net of taxes | — | — | — | — | — | (20,009) | (20,009) |
| Balance at December 31, 2022 | 18,965,776 | $276,912 | $3,361 | $225,883 | $72 | $(21,665) | $484,563 |
| Net income | — | — | — | 42,465 | — | — | 42,465 |
| Stock-based compensation, net | — | — | 750 | — | — | — | 750 |
| Restricted stock unit vested | 20,374 | 391 | (391) | — | — | — | — |
| Cash dividends on common stock ($0.64 per share) | — | — | — | (12,163) | — | — | (12,163) |
| Stock options exercised | 19,403 | 392 | (97) | — | — | — | 295 |
| Repurchase of common stock | (396,374) | (5,770) | — | (1,033) | — | — | (6,803) |
| Other comprehensive income, net of taxes | — | — | — | — | — | 2,153 | 2,153 |
| Balance at December 31, 2023 | 18,609,179 | $271,925 | $3,623 | $255,152 | $72 | $(19,512) | $511,260 |
| Net income | — | — | — | 26,665 | — | — | 26,665 |
| Stock-based compensation, net | — | — | 1,360 | — | — | — | 1,360 |
| Restricted stock unit vested | 35,737 | 672 | (780) | — | — | — | (108) |
| Cash dividends on common stock ($0.64 per share) | — | — | — | (11,720) | — | — | (11,720) |
| Stock options exercised | 112,250 | 2,399 | (558) | — | — | — | 1,841 |
| Repurchase of common stock | (1,036,750) | (15,039) | — | (5,637) | — | — | (20,676) |
| Other comprehensive loss, net of taxes | — | — | — | — | — | (745) | (745) |
| Balance at December 31, 2024 | 17,720,416 | $259,957 | $3,645 | $264,460 | $72 | $(20,257) | $507,877 |
(1) Represents the impact of the adoption of Accounting Standards Update ASU 2016-13, Financial Instruments – Credit Losses (Topic 326) on January 1, 2022.
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