- RBB Bancorp press release ( NASDAQ: RBB ): Q4 GAAP EPS of $0.92 beats by $0.03 .
- Revenue of $41.34M (+13.6% Y/Y) misses by $1.72M .
- Loans grew by $114.4 million, or 14.1% annualized, from the end of the prior quarter
- Declared $0.16 per share quarterly dividend
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In the fourth quarter of 2022, SBA loan production was $10.2 million and total SBA loan sales were $834,000 compared to SBA loan production of $7.7 million and total SBA loan sales of $2.5 million in the third quarter of 2022.
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As of December 31, 2022, the Bank’s total available-for-sale securities maturing in over 12 months were $234.8 million. As of December 31, 2022 the Bank recorded gross unrealized losses of $31.2 million compared to gross unrealized losses of $2.3 million as of December 31, 2021.
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RBB Bancorp GAAP EPS of $0.92 beats by $0.03, revenue of $41.34M misses by $1.72M