RBB Bancorp reports results for the quarter ended June 30 - Earnings Summary

• RBB Bancorp RBB.OQ reported quarterly adjusted earnings of 52 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 39 cents. The mean expectation of five analysts for the quarter was for earnings of 36 cents per share. Wall Street expected results to range from 34 cents to 38 cents per share.

• Revenue rose 33.1% to $35.81 million from a year ago; analysts expected $29.62 million.

• RBB Bancorp's reported EPS for the quarter was 52 cents​.

• The company reported quarterly net income of $9.33 million.

• RBB Bancorp shares had risen by 6.1% this quarter and lost 10.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 7.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is "buy."

• Wall Street's median 12-month price target for RBB Bancorp is $18.00, about 1.4% below its last closing price of $18.26

This summary was machine generated from LSEG data July 21 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)