RBB Bancorp (RBB) Tops Q2 EPS by 5c

RBB Bancorp (NASDAQ: RBB) reported Q2 EPS of $0.54, $0.05 better than the analyst estimate of $0.49.

"We are very pleased with our operating performance for the second quarter," said Mr. Alan Thian, Chairman, President and CEO. "We delivered another solid quarter of net income, driven by continued momentum in mortgage originations, improved fee income, strong credit quality and careful management of expenses. Our loan pipeline remains strong and we are ramping up our SBA loan production, which is approaching historical levels, although we are seeing an elevated level of SBA loan payoffs impacting our servicing income.

"We are proud to receive an award from the Department of Treasury's Bank Enterprise Award Program as a result of our community investments in the markets that we serve," added Mr. Thian. "We also look forward to closing the previously announced acquisition of First American International Corp. in the second half of this year."

For earnings history and earnings-related data on RBB Bancorp (RBB) click here.

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