LOS ANGELES (AP) — LOS ANGELES (AP) — RBB Bancorp (RBB) on Monday reported first-quarter net income of $11.3 million.
The bank, based in Los Angeles, said it had earnings of 66 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share.
The bank holding company posted revenue of $61.1 million in the period. Its revenue net of interest expense was $34.8 million, which also topped Street forecasts. Five analysts surveyed by Zacks expected $32.4 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RBB at https://www.zacks.com/ap/RBB