RBB Bancorp First Quarter 2024 Earnings: EPS Beats Expectations

Simply Wall St · 05/13 10:34

RBB Bancorp (NASDAQ:RBB) First Quarter 2024 Results

Key Financial Results

  • Revenue: US$28.2m (down 18% from 1Q 2023).
  • Net income: US$8.04m (down 27% from 1Q 2023).
  • Profit margin: 28% (down from 32% in 1Q 2023). The decrease in margin was driven by lower revenue.
  • EPS: US$0.43 (down from US$0.58 in 1Q 2023).
NasdaqGS:RBB Earnings and Revenue Growth May 13th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

RBB Bancorp EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 26%.

Looking ahead, revenue is expected to decline by 1.9% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 6.0%.

Performance of the American Banks industry.

The company's shares are up 1.4% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for RBB Bancorp (1 makes us a bit uncomfortable) you should be aware of.