LOS ANGELES (AP) — LOS ANGELES (AP) — RBB Bancorp (RBB) on Monday reported fourth-quarter net income of $10.2 million.
The bank, based in Los Angeles, said it had earnings of 59 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share.
The bank holding company posted revenue of $60 million in the period. Its revenue net of interest expense was $32.3 million, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $32.9 million.
For the year, the company reported profit of $31.9 million, or $1.83 per share. Revenue was reported as $129.2 million.
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