RBB Bancorp (RBB) Misses Q1 EPS by 8c

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RBB Bancorp Reports First Quarter Earnings for 2020

April 20, 2020 4:12 PM EDT

LOS ANGELES, April 20, 2020 /PRNewswire/ -- RBB Bancorp (NASDAQ: RBB) and its subsidiaries, Royal Business Bank ("the Bank") and RBB Asset Management Company ("RAM"), collectively referred to herein as "the Company," announced financial results for the quarter ended March 31, 2020.

The Company reported net income of $6.7 million, or $0.33 diluted earnings per share, for the three months ended March 31, 2020, compared to net income of $10.7 million, or $0.52 diluted earnings per share, and $10.4 million, or $0.51 diluted earnings per share, for the three months ended December 31, 2019 and March 31, 2019, respectively.

"The onset of the COVID-19... More