Earnings Call Summary | RBB Bancorp(RBB.US) Q1 2024 Earnings Conference
Earnings Call Summary | RBB Bancorp(RBB.US) Q1 2024 Earnings Conference
The following is a summary of the RBB Bancorp (RBB) Q1 2024 Earnings Call Transcript:
以下是 RBB Bancorp(RBB)2024年第一季度業績電話會議記錄摘要:
Financial Performance:
財務業績:
RBB Bancorp reported Q1 earnings of $0.43 per diluted share, reflecting a decrease of $0.02 from the last quarter, after adjusting for last quarter's $5 million CDFI income.
Net income for the quarter stood at $8 million.
Despite a decline in the net interest margin, earning asset yield expanded due to an increase of 11 basis points in the total loan yield.
The total cost of funds increased to 3.54% due to pressure on the cost of interest-bearing deposits.
Non-interest income was affected primarily by the impact of the last quarter's $5 million CDFI award, leading to a decrease to $3.4 million.
RBB Bancorp公佈的第一季度攤薄後每股收益爲0.43美元,經上季度的500萬美元CDFI收入調整後,比上季度下降0.02美元。
該季度的淨收入爲800萬美元。
儘管淨利率有所下降,但由於總貸款收益率增加了11個點子,收益資產收益率仍有所擴大。
由於計息存款成本的壓力,資金總成本增加到3.54%。
非利息收入主要受上個季度500萬美元CDFI獎勵的影響,導致收入減少至340萬美元。
Business Progress:
業務進展:
RBB Bancorp succeeded in originating approximately $69 million of commercial loans in Q1, leading to an overall increase in loan portfolio yield.
The company is employing longer-term strategies to attract lower-cost deposits to improve funding costs over time.
RBB Bancorp has plans to enlarge its C&I portfolio in the future, which is expected to have a positive effect on non-interest-bearing deposits.
The company commenced a share repurchase plan, managing to buy back about 80,000 shares in Q1.
Lynn Hopkins assumed the role as Chief Financial Officer.
RBB Bancorp在第一季度成功發放了約6900萬美元的商業貸款,從而實現了貸款組合收益率的總體增長。
該公司正在採用長期策略來吸引較低成本的存款,以隨着時間的推移提高融資成本。
RBB Bancorp計劃在未來擴大其C&I投資組合,預計這將對無息存款產生積極影響。
該公司啓動了股票回購計劃,在第一季度設法回購了約8萬股股票。
林恩·霍普金斯擔任首席財務官。
More details: RBB Bancorp IR
更多詳情: RBB Bancorp IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。