RBB Bancorp Declares $0.16 Quarterly Dividend for Shareholders
RBB Bancorp announces a quarterly dividend of $0.16 per share, payable on May 12, 2025.
Dividend Announcement Overview
RBB Bancorp, along with its subsidiaries Royal Business Bank and RBB Asset Management Company, has declared a quarterly cash dividend of $0.16 per common share. This amount will be payable on May 12, 2025, to shareholders of record as of April 30, 2025. Headquartered in Los Angeles, RBB Bancorp reported total assets of $4.0 billion as of December 31, 2024. The company operates primarily as a full-service commercial bank, catering to Asian communities across states such as California, New York, New Jersey, Illinois, and Hawaii. Among its various offerings are a range of loan products and wealth management services. The press release also highlights potential risks that could influence the company’s future performance, including economic conditions, regulatory changes, and operational challenges, while noting they will update forward-looking statements only as legally required.
Benefits of the Dividend
- The declaration of a quarterly cash dividend of $0.16 per common share indicates the company’s financial strength and dedication to providing shareholder returns.
- This dividend could bolster investor confidence, attracting new investors while helping retain existing ones.
- The announcement emphasizes the company’s substantial asset base of $4.0 billion as reported at the end of 2024, which reflects its solid financial standing.
Concerns to Consider
- There are concerns regarding the company’s internal controls over financial reporting, which may affect investor trust.
- Potential risks related to fluctuating economic conditions and regulatory shifts could jeopardize the firm’s operational stability and profitability.
- Recent high-profile bank failures have raised customer confidence issues, posing liquidity risks for the bank.
Frequently Asked Questions
What is the recent cash dividend declared by RBB Bancorp?
The Board of Directors declared a quarterly cash dividend of $0.16 per common share.
When will the cash dividend be paid to shareholders?
The dividend is payable on May 12, 2025, to shareholders of record as of April 30, 2025.
Where is RBB Bancorp headquartered?
RBB Bancorp is headquartered in Los Angeles, California.
What services does Royal Business Bank offer?
Royal Business Bank provides consumer and business banking services, including loans, depository accounts, and wealth management services.
How many branches does RBB Bancorp operate?
RBB Bancorp runs multiple branches in states including California, Nevada, New York, New Jersey, Illinois, and Hawaii.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$RBB Insider Trading Activity
Insiders at $RBB have participated in trading activity 6 times over the past 6 months. Of these trades, 4 were purchases and 2 were sales.
Below is a summary of recent insider trading of $RBB stock:
- GARY FAN (EVP/Chief Operations Officer) sold 12,000 shares for approximately $281,396
- DAVID RICHARD MORRIS (CEO) sold 9,000 shares for about $224,010
- JAMES KAO made 4 purchases buying 10,309 shares for around $177,971 and recorded 0 sales.
For further insights on insider transactions, visit Quiver Quantitative’s insider trading dashboard.
$RBB Hedge Fund Activity
During the last reporting quarter, 36 institutional investors added shares of $RBB, while 35 decreased their holdings.
Here are some of the largest recent moves:
- RHINO INVESTMENT PARTNERS, INC added 358,779 shares (+231.8%) in Q4 2024, estimated at $7,351,381
- FJ CAPITAL MANAGEMENT LLC removed 109,102 shares (-6.3%) in Q4 2024, valued at $2,235,499
- LSV ASSET MANAGEMENT reduced holdings by 51,300 shares (-15.7%) in Q4 2024, worth $1,051,137
- JPMORGAN CHASE & CO increased its position by 50,867 shares (+101.2%) in Q4 2024, estimated at $1,042,264
- AMERICAN CENTURY COMPANIES INC added 37,282 shares (+12.2%) to their portfolio in Q4 2024, estimated at $763,908
- CITADEL ADVISORS LLC increased its holdings by 31,155 shares (+inf%) in Q4 2024, worth $638,365
- CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. added 28,507 shares (+222.1%) in Q4 2024, for an estimated $584,108
To follow hedge fund activity, refer to Quiver Quantitative’s institutional holdings dashboard.
Full Release
LOS ANGELES, April 17, 2025 (GLOBE NEWSWIRE) – RBB Bancorp (NASDAQ: RBB) and its subsidiaries, Royal Business Bank (“the Bank”) and RBB Asset Management Company (“RAM”), collectively referred to as “the Company,” have announced that the Board of Directors has declared a quarterly cash dividend of $0.16 per common share. This payment is scheduled for May 12, 2025 to shareholders of record as of April 30, 2025.
Corporate Overview
RBB Bancorp is a bank holding company, headquartered in Los Angeles, California. As of December 31, 2024, the Company had total assets of $4.0 billion. Its fully owned subsidiary, Royal Business Bank, is a commercial bank serving predominantly the Asian-centric communities across various locations including Los Angeles, Orange County, and Ventura County in California, Las Vegas, Nevada, and neighborhoods in New York and New Jersey. Services include remote deposit, E-banking, mobile banking, commercial loans, and a full array of deposit products. The Bank operates nine branches in Los Angeles County, two in Ventura County, one in Orange County, and several others in New York and Hawaii, among other locations. The main administrative and lending center is located at 1055 Wilshire Blvd., Los Angeles, CA 90017, while the finance and operations center can be found at 7025 Orangethorpe Ave., Buena Park, CA 90621. For more information, visit
www.royalbusinessbankusa.com.
Contacts
Understanding Financial Risks: Key Factors Affecting Operations
Lynn Hopkins, EVP/Chief Financial Officer, (657) 255-3282
Safe Harbor Statement
Certain matters discussed herein, including the accompanying exhibits, contain forward-looking statements regarding the Company’s business plans and financial expectations. Such statements are subject to various risks and uncertainties that could cause actual results to differ materially from those predicted. These risks include, but are not limited to:
- Effectiveness of internal controls over financial reporting and potential undiscovered material weaknesses.
- General business and economic conditions, particularly in the financial services sector, including labor market challenges, management of the U.S. federal budget, and financial market volatility.
- Strength and health of the U.S. and local economies impacting operation.
- Banking industry developments, including high-profile failures that may affect customer confidence and regulatory responses.
- The ability to attract deposits and maintain liquidity, alongside potential increases in credit loss provisions and asset quality deterioration.
- Compliance with extensive regulations, including possible changes to the Dodd-Frank Wall Street Reform and Consumer Protection Act.
- Risks linked to acquisitions, business expansion into new markets, and fluctuations in interest rates.
- Geopolitical risks, such as military conflicts and international economic conditions, potentially affecting business environments.
- Technology changes in banking, security breaches, and climate change presenting regulatory and operational challenges.
- Public health crises affecting economic conditions and the Company’s operational efficacy.
Our ability to manage these risks effectively and maintain favorable relations with various regulators, including the SEC and FDIC, is critical to our success. The Company does not undertake any obligation to update forward-looking statements unless required by law, and statements related to future performance, such as projections of earnings accretion or dilution, are for illustrative purposes only and should not be taken as forecasts.
This article was originally published on Quiver News. Read the full story.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
