RBB Bancorp to Report First Quarter 2025 Financial Results
Management will hold a conference call at 11:00 a.m. Pacific Time/2:00 p.m. Eastern Time on Tuesday, April 29, 2025 to discuss the Company's financial results.
To listen to the conference call, please dial 1-888-506-0062 or 1-973-528-0011, passcode 534591, Conference ID RBBQ125. A replay of the call will be made available at 1-877-481-4010 or 1-919-882-2331, passcode 52277, approximately one hour after the conclusion of the call and will remain available through May 13, 2025.
Additionally, interested parties can listen to a live webcast of the call in the "Investor Relations" section of the Company's website at www.royalbusinessbankusa.com. This webcast will be recorded and available for replay on the Company's website approximately two hours after the conclusion of the conference call.
Corporate Overview
RBB Bancorp is a community-based financial holding company headquartered in Los Angeles, California. As of December 31, 2024, the Company had total assets of $4.0 billion. Its wholly-owned subsidiary, Royal Business Bank, is a full service commercial bank, which provides consumer and business banking services predominantly to the Asian-centric communities in Los Angeles County, Orange County, and Ventura County in California, in Las Vegas, Nevada, in Brooklyn, Queens, and Manhattan in New York, in Edison, New Jersey, in the Chicago neighborhoods of Chinatown and Bridgeport, Illinois, and on Oahu, Hawaii. Bank services include remote deposit, E-banking, mobile banking, commercial and investor real estate loans, business loans and lines of credit, commercial and industrial loans, SBA 7A and 504 loans, 1-4 single family residential loans, trade finance, a full range of depository account products and wealth management services. The Bank has nine branches in Los Angeles County, two branches in Ventura County, one branch in Orange County, California, one branch in Las Vegas, Nevada, three branches and one loan operation center in Brooklyn, three branches in Queens, one branch in Manhattan in New York, one branch in Edison, New Jersey, two branches in Chicago, Illinois, and one branch in Honolulu, Hawaii. The Company's administrative and lending center is located at 1055 Wilshire Blvd., Los Angeles, California 90017, and its finance and operations center is located at 7025 Orangethorpe Ave., Buena Park, California 90621. The Company's website address is www.royalbusinessbankusa.com.
Contacts
Lynn Hopkins, EVP and Chief Financial Officer, (657) 255-3282
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 minutes ago
- Yahoo
Alphabet (NASDAQ:GOOGL) Posts Better-Than-Expected Sales In Q2
Online advertising giant Alphabet (NASDAQ:GOOGL) reported Q2 CY2025 results beating Wall Street's revenue expectations , with sales up 13.8% year on year to $96.43 billion. Its GAAP profit of $2.31 per share was 5.7% above analysts' consensus estimates. Is now the time to buy Alphabet? Find out in our full research report. Alphabet (GOOGL) Q2 CY2025 Highlights: Revenue: $96.43 billion vs analyst estimates of $93.98 billion (2.6% beat) Operating Profit (GAAP): $31.27 billion vs analyst estimates of $31.09 billion (0.6% beat) EPS (GAAP): $2.31 vs analyst estimates of $2.19 (5.7% beat) Google Search Revenue: $0.02 vs analyst estimates of $52.92 billion (2.4% beat) Google Cloud Revenue: $0.04 vs analyst estimates of $13.12 billion (3.8% beat) YouTube Revenue: $9.80 billion vs analyst estimates of $9.58 billion (2.3% beat) Google Services Operating Profit: $0.01 vs analyst estimates of $32.77 billion (small beat) Google Cloud Operating Profit: $0.26 vs analyst estimates of $2.24 billion (26.2% beat) Operating Margin: 32.4%, in line with the same quarter last year "With this strong and growing demand for our Cloud products and services, we are increasing our investment in capital expenditures in 2025 to approximately $85 billion and are excited by the opportunity ahead" - CEO Free Cash Flow Margin: 5.5%, down from 15.9% in the same quarter last year Market Capitalization: $2.33 trillion Sundar Pichai, CEO, said: "We had a standout quarter, with robust growth across the company. We are leading at the frontier of AI and shipping at an incredible pace. AI is positively impacting every part of the business, driving strong momentum. Search delivered double-digit revenue growth, and our new features, like AI Overviews and AI Mode, are performing well. We continue to see strong performance in YouTube as well as subscriptions offerings. And Cloud had strong growth in revenues, backlog and profitability. Its annual revenue run-rate is now more than $50 billion. With this strong and growing demand for our Cloud products and services, we are increasing our investment in capital expenditures in 2025 to approximately $85 billion and are excited by the opportunity ahead.' Revenue Growth Alphabet shows that fast growth and massive scale can coexist despite conventional wisdom. The company's revenue base of $166 billion five years ago has more than doubled to $371.4 billion in the last year, translating into an incredible 17.5% annualized growth rate. Alphabet's growth over the same period was also higher than its big tech peers, Amazon (16.6%), Microsoft (14.4%), and Apple (8%). Comparing the four is relevant because investors often pit them against each other to derive their valuations. With these benchmarks in mind, we think Alphabet is cheap. We at StockStory emphasize long-term growth, but for big tech companies, a half-decade historical view may miss emerging trends in AI. Alphabet's annualized revenue growth of 13.3% over the last two years is below its five-year trend, but we still think the results suggest healthy demand. This quarter, Alphabet reported year-on-year revenue growth of 13.8%, and its $96.43 billion of revenue exceeded Wall Street's estimates by 2.6%. Looking ahead, sell-side This projection is still healthy and illustrates the market sees some success for its newer products. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Google Search: Alphabet's Bread-and-Butter The most topical question surrounding Alphabet today is: 'Will new Generative-AI products like ChatGPT and Meta AI disrupt Google Search and its 80%+ market share?'. Although OpenAI (creator of ChatGPT) doesn't disclose its financials, we can gain further insight by comparing Google Search to Meta and Microsoft's Bing. Meta essentially has a monopoly in social media advertising and is creeping into search with Meta AI, which is powered by its Llama large language model, while Bing is the distant number two search engine that benefits from its integration with ChatGPT. Starting with Alphabet, Google Search is by far the most considerable portion of its revenue at 56.1%, and it grew at a 16.3% annualized rate over the last five years, slower than total revenue. The previous two years also saw deceleration as it grew by 12.3% annually, though this isn't concerning since it's still expanding quickly. On the other hand, its two-year result was lower than Meta's 21.8%, showing digital advertising dollars could be flowing to Meta because of its improved AI algorithms and targeting capabilities. Alphabet bulls would argue this trend could reverse because the return on investment from keyword-driven advertising is more tangible, but that hasn't been the case lately. Quarterly performance is particularly relevant for Alphabet because it captures the growth of AI and signals whether investors are overestimating its competitive impact. Bulls can rejoice as Google Search revenue exceeded expectations in Q2, outperforming Wall Street Consensus by 2.4%. The segment recorded a hearty year-on-year increase of 11.7%. While this was slower than Bing's 23%, it's important to consider that Bing has a much smaller revenue base and doesn't pose a significant threat yet. Still, Alphabet must continue topping Wall Street's Google Search projections and performing well in other segments like Google Cloud Platform and YouTube to win the debate. Key Takeaways from Alphabet's Q2 Results It was encouraging to see Alphabet narrowly top analysts' revenue expectations this quarter, as Google Cloud Platform, Google Search, and YouTube all beat. We were also glad its operating profit in the Services and Cloud segments outperformed Wall Street's estimates. On the other hand, management stated that "we are increasing our investment in capital expenditures in 2025 to approximately $85 billion...." Overall, we think this was a solid quarter with some key areas of upside, but the market could be concerned about deteriorating cash generation due to higher capex forecasts, and shares traded down 1.3% to $187.88 immediately after reporting. So should you invest in Alphabet right now? What happened in the latest quarter matters, but not as much as longer-term business quality and valuation, when deciding whether to invest in this stock. We cover that in our actionable full research report which you can read here, it's free. Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Business Wire
4 minutes ago
- Business Wire
Retractable Technologies, Inc. Announces Reduction in Its Manufacturing Workforce
LITTLE ELM, Texas--(BUSINESS WIRE)--Retractable Technologies, Inc. (NYSE American: RVP) reports that it has reduced its workforce by approximately 12.4%. The reduction is expected to save an estimated $1.6 million in annual wages and benefits, or approximately 8.6% of total estimated workforce costs. The expected savings is offset by one-time separation payments of approximately $56 thousand to the affected workers. The reduction targets the Company's manufacturing and manufacturing support positions as the Company continues to balance its domestic manufacturing presence against its reliance on imported products and associated tariffs from its Chinese contract manufacturers. While contract manufacturers in China have historically produced most of the products the Company sells, the material financial impact of tariffs on Chinese imports has caused the Company to ramp-up its domestic production activities, while working to minimize the financial impact of the change. To the extent possible, the Company will continue to import only those products which it cannot make domestically and rely on its Little Elm facility to produce the remainder of its products. The Company is unable to predict future U.S. trade policy, or the potential impact it may have on the Company's ability to import products from China or other countries. ABOUT RETRACTABLE Retractable manufactures and markets VanishPoint ® and Patient Safe ® safety medical products and the EasyPoint ® needle. The VanishPoint ® syringe, blood collection, and IV catheter products are designed to prevent needlestick injuries and product reuse by retracting the needle directly from the patient, effectively reducing exposure to the contaminated needle. Patient Safe ® syringes are uniquely designed to reduce the risk of bloodstream infections resulting from catheter hub contamination. The EasyPoint ® is a retractable needle that can be used with luer lock syringes, luer slip syringes, and prefilled syringes to give injections. The EasyPoint ® needle also can be used to aspirate fluids and for blood collection. Retractable's products are distributed by various specialty and general line distributors. For more information on Retractable, visit its website at Forward-looking statements in this press release are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995 and reflect Retractable's current views with respect to future events. Retractable believes that the expectations reflected in such forward-looking statements are accurate. However, Retractable cannot assure you that such expectations will materialize. Actual future performance could differ materially from such statements. Factors that could cause or contribute to such differences include, but are not limited to: material changes in demand; tariffs; Retractable's ability to maintain liquidity; Retractable's maintenance of patent protection; Retractable's ability to maintain favorable third party manufacturing and supplier arrangements and relationships; foreign trade risk; Retractable's ability to access the market; production costs; the impact of larger market players in providing devices to the safety market; and other risks and uncertainties that are detailed from time to time in Retractable's periodic reports filed with the U.S. Securities and Exchange Commission.
Business Wire
4 minutes ago
- Business Wire
General American Investors Company, Inc. Quarterly Dividend and Distribution on 5.95% Preferred Stock
NEW YORK--(BUSINESS WIRE)--The Board of Directors of General American Investors Company, Inc. (NYSE symbol – GAM), a closed-end investment company, declared on its 5.95% cumulative preferred stock, series B, a dividend and distribution of $0.371875 per share payable in cash on September 24, 2025 to holders of record on September 8, 2025. This quarterly dividend and distribution represents a payment for the accrual period from June 24, 2025 through September 23, 2025. Preferred shareholders will be informed in early 2026 of the taxable portions of the distribution. General American Investors was founded in 1927, has been publicly traded since its inception and has been listed on the NYSE since 1930. The objective of the Company is long-term capital appreciation through investment in companies with above average growth potential. The Company has total net assets of approximately $1.5 billion applicable to its 23.3 million shares of common stock outstanding as of June 30, 2025. The aggregate liquidation value of the Company's preferred stock is $190 million (NYSE symbol – GAM Pr B).
