LOS ANGELES (AP) _ RBB Bancorp (RBB) on Monday reported second-quarter earnings of $6.5 million.
The Los Angeles-based bank said it had earnings of 33 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.
The bank holding company posted revenue of $36.3 million in the period. Its revenue net of interest expense was $27.2 million, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $27.4 million.
RBB shares have declined 39% since the beginning of the year. In the final minutes of trading on Monday, shares hit $12.86, a decline of 32% in the last 12 months.