RBB Bancorp
For the period ended Dec 31, 2024. Filed Mar 17, 2025.
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FY2024 · Filed Mar 17, 2025
RBB$26.09+0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
FOR THE YEAR ENDED DECEMBER 31,
(In thousands, except share and per share data)
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Interest and dividend income: | |||
| Interest and fees on loans | $184,567 | $194,264 | $171,099 |
| Interest on interest-earning deposits | 15,422 | 10,746 | 1,353 |
| Interest on investment securities | 14,331 | 14,028 | 6,084 |
| Dividend income on FHLB stock | 1,314 | 1,125 | 938 |
| Interest on federal funds sold and other | 1,027 | 985 | 1,496 |
| Total interest and dividend income | 216,661 | 221,148 | 180,970 |
| Interest expense: | |||
| Interest on savings deposits, NOW and money market accounts | 19,295 | 12,205 | 5,561 |
| Interest on time deposits | 89,086 | 76,837 | 13,338 |
| Interest on long-term debt and subordinated debentures | 6,699 | 9,951 | 9,645 |
| Interest on FHLB advances | 2,217 | 2,869 | 2,872 |
| Total interest expense | 117,297 | 101,862 | 31,416 |
| Net interest income before provision for credit losses | 99,364 | 119,286 | 149,554 |
| Provision for credit losses | 9,857 | 3,362 | 4,935 |
| Net interest income after provision for credit losses | 89,507 | 115,924 | 144,619 |
| Noninterest income: | |||
| Service charges and fees | 4,115 | 4,172 | 4,145 |
| Loan servicing fees, net of amortization | 2,265 | 2,576 | 2,209 |
| Increase in cash surrender value of BOLI | 1,577 | 1,409 | 1,322 |
| Gain on sale of loans | 1,586 | 374 | 1,895 |
| Gain on sale of fixed assets | — | 32 | 757 |
| Gain on OREO | 1,016 | 133 | — |
| Other income | 4,776 | 6,322 | 924 |
| Total noninterest income | 15,335 | 15,018 | 11,252 |
| Noninterest expense: | |||
| Salaries and employee benefits | 39,395 | 37,795 | 35,488 |
| Occupancy and equipment expenses | 9,803 | 9,629 | 9,092 |
| Data processing | 5,857 | 5,326 | 5,060 |
| Legal and professional | 4,453 | 8,198 | 5,383 |
| Office expenses | 1,455 | 1,512 | 1,438 |
| Marketing and business promotion | 864 | 1,132 | 1,578 |
| Insurance and regulatory assessments | 3,298 | 3,165 | 1,850 |
| Core deposit premium amortization | 784 | 923 | 1,086 |
| Other expenses | 3,254 | 3,016 | 3,551 |
| Total noninterest expense | 69,163 | 70,696 | 64,526 |
| Net income before income taxes | 35,679 | 60,246 | 91,345 |
| Income tax expense | 9,014 | 17,781 | 27,018 |
| Net income | $26,665 | $42,465 | $64,327 |
| Net income per share | |||
| Basic | $1.47 | $2.24 | $3.37 |
| Diluted | $1.47 | $2.24 | $3.33 |
| Weighted-average common shares outstanding | |||
| Basic | 18,121,764 | 18,965,346 | 19,099,509 |
| Diluted | 18,183,319 | 18,985,233 | 19,332,639 |
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