The bank reported $0.59 EPS, exceeding expectations, while revenue declined 7.6% year-over-year to $33.1M.
RBB Bancorp posted second-quarter GAAP earnings per share of $0.59, surpassing estimates by $0.05. Revenue totaled $33.1M, missing forecasts by $0.12M and dropping 7.6% from the same period last year.
The bank’s return on average assets dipped to 0.97% from 1.09% in the prior quarter, while net interest margin narrowed to 3.06% from 3.15%. Analysts had anticipated stronger revenue performance amid a challenging interest rate environment.
Shares showed muted reaction in after-hours trading as investors weighed the earnings beat against the revenue miss and margin compression.