Posted: 06/05/2025 07:36 am
RBB Bancorp, operating under NASDAQ: RBB, has been a notable player in the state commercial banking industry. Amid various financial challenges and strategic decisions, the compensation package of its CEO, David R. Morris, has captured significant attention. Morris, serving as the Chief Executive Officer of RBB Bancorp, received a total compensation of approximately $1,387,103 in 2024. This compensation package included a base salary of $670,017, a bonus of $67,400, and a stock award valued at $467,133. Additional components of his compensation were incentive plan compensation amounting to $121,320 and other compensations totaling $61,233. Despite fluctuations in RBB's financial performance, the structured compensation aims to provide a balanced reward aligned with organizational goals and shareholder interests.¹
In recent press releases, RBB Bancorp's financial maneuvers have been pivotal. On January 2, 2025, the company announced plans to release its fourth quarter and fiscal year 2024 financial results but later rescheduled this to after the market close on February 3, citing the need for more time to complete necessary analyses. This delay indicates the challenges and complexities the banking firm faces in its financial operations and reporting.² Another relevant announcement came when RBB declared a quarterly cash dividend of $0.16 per common share, evidencing a commitment to returning value to shareholders amidst operational hurdles.³
Moreover, RBB's first-quarter earnings report for 2025 revealed that the company missed consensus estimates. They reported earnings of $0.13 per share, falling short of the expected $0.38 per share. This earnings miss was a stark comparison to the $0.43 per share recorded a year before, reflecting potential financial shortfalls and broader economic or sector challenges impacting RBB Bancorp.⁴ Despite these earnings setbacks, the RBB Board authorized an $18 million stock repurchase plan, set to prioritize shareholder value through strategic buybacks of outstanding shares through June 2026.⁵
On the market front, RBB's stock currently trades at $16.82, slightly below its 50-day average of $16.14 and significantly below its 200-day average of $19.97. Given the stock's year high of $25.30, current valuations might suggest room for recovery or market skepticism surrounding the company's near-term performance. With a price-to-earnings (PE) ratio of 14.38 based on an earnings per share (EPS) of $1.17, RBB Bancorp continues to navigate a challenging financial landscape, balancing compensation, financial reporting, and strategic planning.⁶
1. "RBB Bancorp 2024 Executive Compensation," www.sec.gov.
2. "RBB Bancorp Reschedules Fourth Quarter and Fiscal Year 2024 Financial Results," GlobeNewswire, January 17, 2025.
3. "RBB Bancorp Declares Quarterly Cash Dividend," GlobeNewswire, January 16, 2025.
4. "RBB (RBB) Q1 Earnings and Revenues Miss Estimates," Zacks.com, April 28, 2025.
5. "RBB Bancorp Announces $18 Million Stock Repurchase Plan," GlobeNewswire, May 29, 2025.
6. "Snapshot of RBB Bancorp Current Price," NASDAQ.
