RBB FY 2017 Earnings Report — RBB Bancorp Revenue & Financial Results | Market Cap Arena

FY 2017 Earnings

Reported March 30, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$87M	—	$77M	—	13.3%
Op. Income	$47M	—	$33M	—	43.7%
Gross Margin	85.3%	—	78.6%	—	6.8pp
Net Margin	29.3%	—	24.8%	—	4.5pp
EPS (Diluted)	$1.68	—	$1.39	—	20.9%
Free Cash Flow	$28M	—	$56M	—	-49.8%

Revenue Flow

Item	Amount
REVENUE	$87M
Cost of Revenue	$13M
GROSS PROFIT	$74M
R&D Expenses	$0
Selling & Marketing	$837.0K
General & Administrative	$20M
SG&A Expenses	$21M
Other Expenses	$7M
Operating Expenses	$28M
Cost & Expenses	$40M
OPERATING INCOME	$47M
Interest Income	$74M
Interest Expense	$14M
Other Income/Expenses	$0
INCOME BEFORE TAX	$47M
Income Tax Expense	$21M
Net Income from Continuing Ops	$26M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$26M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$26M
D&A	$2M
EBIT	$47M
EBITDA	$49M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$87M
Cost of Revenue	$13M
GROSS PROFIT	$74M
R&D Expenses	$0
Selling & Marketing	$837.0K
General & Administrative	$20M
SG&A Expenses	$21M
Other Expenses	$7M
Operating Expenses	$28M
Cost & Expenses	$40M
OPERATING INCOME	$47M
Interest Income	$74M
Interest Expense	$14M
Other Income/Expenses	$0
INCOME BEFORE TAX	$47M
Income Tax Expense	$21M
Net Income from Continuing Ops	$26M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$26M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$26M
D&A	$2M
EBIT	$47M
EBITDA	$49M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$26M
Depreciation & Amortization	$2M
Stock-Based Compensation	$779.0K
Deferred Income Tax	$5M
Other Non-Cash Items	-$4M
Change in Working Capital	-$824.0K
OPERATING CASH FLOW	$29M
Capital Expenditure	-$684.0K
Acquisitions (Net)	$0
Purchases of Investments	-$39M
Sales/Maturities of Investments	$5M
Other Investing Activities	-$230M
NET CASH FROM INVESTING	-$264M
Net Debt Issuance	$25M
Common Stock Repurchased	$0
Common Dividends Paid	-$5M
Other Financing Activities	$187M
NET CASH FROM FINANCING	$267M
FREE CASH FLOW	$28M
Net Change in Cash	$31M

Balance Sheet

Item	Amount
Cash & Equivalents	$71M
Short-Term Investments	$65M
Net Receivables	$272.0K
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$136M
PP&E (Net)	$7M
Goodwill	$30M
Intangible Assets	$1M
Long-Term Investments	$1.4B
Tax Assets	$6M
Other Non-Current Assets	$140M
TOTAL NON-CURRENT ASSETS	$1.6B
TOTAL ASSETS	$1.7B
Account Payables	$10M
Short-Term Debt	$25M
Deferred Revenue	$0
Other Current Liabilities	$1.3B
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$78M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$25M
TOTAL NON-CURRENT LIABILITIES	$53M
TOTAL LIABILITIES	$1.4B
Common Stock	$206M
Additional Paid-In Capital	$8M
Retained Earnings	$51M
Treasury Stock	$0
Accum. Other Comp. Income	-$443.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$265M
Minority Interest	$0
TOTAL EQUITY	$265M
TOTAL LIABILITIES & EQUITY	$1.7B
Total Debt	$103M
Net Debt	$32M