RBB FY 2019 Earnings Report — RBB Bancorp Revenue & Financial Results | Market Cap Arena

FY 2019 Earnings

Reported March 16, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$160M	—	$114M	—	40.8%
Op. Income	$55M	—	$46M	—	19.7%
Gross Margin	70.5%	—	76.5%	—	-5.9pp
Net Margin	24.5%	—	31.8%	—	-7.3pp
EPS (Diluted)	$1.92	—	$2.03	—	-5.4%
Free Cash Flow	$475M	—	-$87M	—	645.3%

Revenue Flow

Item	Amount
REVENUE	$160M
Cost of Revenue	$47M
GROSS PROFIT	$113M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$40M
SG&A Expenses	$42M
Other Expenses	$16M
Operating Expenses	$57M
Cost & Expenses	$105M
OPERATING INCOME	$55M
Interest Income	$141M
Interest Expense	$45M
Other Income/Expenses	$0
INCOME BEFORE TAX	$55M
Income Tax Expense	$16M
Net Income from Continuing Ops	$39M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$39M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$39M
D&A	$7M
EBIT	$55M
EBITDA	$62M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$160M
Cost of Revenue	$47M
GROSS PROFIT	$113M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$40M
SG&A Expenses	$42M
Other Expenses	$16M
Operating Expenses	$57M
Cost & Expenses	$105M
OPERATING INCOME	$55M
Interest Income	$141M
Interest Expense	$45M
Other Income/Expenses	$0
INCOME BEFORE TAX	$55M
Income Tax Expense	$16M
Net Income from Continuing Ops	$39M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$39M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$39M
D&A	$7M
EBIT	$55M
EBITDA	$62M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$39M
Depreciation & Amortization	$7M
Stock-Based Compensation	$689.0K
Deferred Income Tax	$2M
Other Non-Cash Items	$428M
Change in Working Capital	-$775.0K
OPERATING CASH FLOW	$476M
Capital Expenditure	-$1M
Acquisitions (Net)	$0
Purchases of Investments	-$200M
Sales/Maturities of Investments	$149M
Other Investing Activities	-$167M
NET CASH FROM INVESTING	-$219M
Net Debt Issuance	-$320M
Common Stock Repurchased	-$3M
Common Dividends Paid	-$8M
Other Financing Activities	$108M
NET CASH FROM FINANCING	-$223M
FREE CASH FLOW	$475M
Net Change in Cash	$34M

Balance Sheet

Item	Amount
Cash & Equivalents	$115M
Short-Term Investments	$126M
Net Receivables	$35M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$276M
PP&E (Net)	$17M
Goodwill	$59M
Intangible Assets	$6M
Long-Term Investments	$2.3B
Tax Assets	$2M
Other Non-Current Assets	$134M
TOTAL NON-CURRENT ASSETS	$2.5B
TOTAL ASSETS	$2.8B
Account Payables	$17M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$2.2B
TOTAL CURRENT LIABILITIES	$2.3B
Long-Term Debt	$114M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$114M
TOTAL LIABILITIES	$2.4B
Common Stock	$290M
Additional Paid-In Capital	$5M
Retained Earnings	$112M
Treasury Stock	$0
Accum. Other Comp. Income	$239.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$407M
Minority Interest	$72.0K
TOTAL EQUITY	$408M
TOTAL LIABILITIES & EQUITY	$2.8B
Total Debt	$114M
Net Debt	-$2M