RBB Bancorp (NASDAQ:RBB) Announces Quarterly Dividend and Provides Update on Wildfire Impact

On January 16, 2025, RBB Bancorp declared a cash dividend of $0.16 per common share. The dividend is set to be payable on February 12, 2025, to shareholders of record as of January 31, 2025. Alongside this dividend announcement, the company provided an update on the impact of wildfires on Royal Business Bank.

The announcement comes as the Board of Directors continues to prioritize shareholder value through regular dividend distributions. Shareholders of RBB Bancorp can expect this dividend as part of the company’s commitment to returning value to its investors.

The impact of wildfires on the operations of Royal Business Bank was also addressed in the announcement. RBB Bancorp has been actively assessing and managing any effects the wildfires may have on its operations and will continue to do so to ensure the safety of its staff and customers.

In compliance with regulatory requirements, a press release detailing the cash dividend declaration and the update on the wildfire impact has been attached as Exhibit 99.1 to the filing. It’s important to note that the information provided in Exhibit 99.1 is not considered as “filed” under the Exchange Act and is not subject to the liabilities of that section. It also is not incorporated by reference into any of the Company’s future filings unless expressly stated.

With an unyielding commitment to its shareholders and a proactive approach to managing external challenges, RBB Bancorp remains focused on maintaining its operations effectively and safeguarding its stakeholders’ interests.

This announcement underscores RBB Bancorp’s dedication to transparent communication and proactive measures to address both operational and environmental impacts in its operational areas.

This concludes the content of the 8-K SEC filing for RBB Bancorp.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read RBB Bancorp’s 8K filing here.

RBB Bancorp Company Profile

RBB Bancorp operates as the bank holding company for Royal Business Bank that provides various banking products and services to the Chinese-American, Korean-American, and other Asian-American communities. Its deposit products include checking, savings, and money market accounts, as well as certificates of deposit.