RBB Profile
RBB Bancorp (RBB) is a bank holding company that provides banking and financial services to individuals, businesses, and commercial clients in the United States. The company operates through its subsidiary, Royal Business Bank, which offers a wide range of deposit products, loan products, and cash management services.
As of December 31, 2020, RBB Bancorp had total assets of $3.01 billion, total deposits of $2.66 billion, and total loans of $2.08 billion. The company operates 22 branches in California, Nevada, and New York.
RBB Bancorp's loan portfolio includes commercial real estate loans, commercial and industrial loans, SBA loans, and residential mortgages. Its deposit products include checking accounts, savings accounts, money market accounts, and certificates of deposit. The company also provides cash management services, such as wire transfers, ACH transfers, online banking, and remote deposit capture.
In terms of financial performance, RBB Bancorp reported net income of $28.7 million for the full year 2020, up from $28.3 million in the previous year. The company's total assets increased by 13.5% in 2020, primarily due to growth in loans and deposits.
RBB Bancorp went public in 2017, with its shares trading on the NASDAQ stock exchange under the ticker symbol RBB. The company's market capitalization as of February 18, 2023 was approximately $403 million.
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