RBB FY 2020 Earnings Report — RBB Bancorp Revenue & Financial Results | Market Cap Arena

FY 2020 Earnings

Reported March 9, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$153M	—	$160M	—	-4.3%
Op. Income	$47M	—	$55M	—	-14.2%
Gross Margin	69.9%	—	70.5%	—	-0.7pp
Net Margin	21.5%	—	24.5%	—	-3.0pp
EPS (Diluted)	$1.65	—	$1.92	—	-14.1%
Free Cash Flow	$120M	—	$475M	—	-74.7%

Revenue Flow

Item	Amount
REVENUE	$153M
Cost of Revenue	$46M
GROSS PROFIT	$107M
R&D Expenses	$0
Selling & Marketing	$751.0K
General & Administrative	$36M
SG&A Expenses	$36M
Other Expenses	$23M
Operating Expenses	$60M
Cost & Expenses	$106M
OPERATING INCOME	$47M
Interest Income	$139M
Interest Expense	$34M
Other Income/Expenses	$0
INCOME BEFORE TAX	$47M
Income Tax Expense	$15M
Net Income from Continuing Ops	$33M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$33M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$33M
D&A	$8M
EBIT	$47M
EBITDA	$55M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$153M
Cost of Revenue	$46M
GROSS PROFIT	$107M
R&D Expenses	$0
Selling & Marketing	$751.0K
General & Administrative	$36M
SG&A Expenses	$36M
Other Expenses	$23M
Operating Expenses	$60M
Cost & Expenses	$106M
OPERATING INCOME	$47M
Interest Income	$139M
Interest Expense	$34M
Other Income/Expenses	$0
INCOME BEFORE TAX	$47M
Income Tax Expense	$15M
Net Income from Continuing Ops	$33M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$33M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$33M
D&A	$8M
EBIT	$47M
EBITDA	$55M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$33M
Depreciation & Amortization	$8M
Stock-Based Compensation	$686.0K
Deferred Income Tax	-$2M
Other Non-Cash Items	$86M
Change in Working Capital	-$767.0K
OPERATING CASH FLOW	$125M
Capital Expenditure	-$4M
Acquisitions (Net)	$7M
Purchases of Investments	-$551M
Sales/Maturities of Investments	$467M
Other Investing Activities	-$364M
NET CASH FROM INVESTING	-$446M
Net Debt Issuance	$150M
Common Stock Repurchased	-$8M
Common Dividends Paid	-$7M
Other Financing Activities	$199M
NET CASH FROM FINANCING	$334M
FREE CASH FLOW	$120M
Net Change in Cash	$13M

Balance Sheet

Item	Amount
Cash & Equivalents	$138M
Short-Term Investments	$211M
Net Receivables	$40M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$390M
PP&E (Net)	$27M
Goodwill	$69M
Intangible Assets	$5M
Long-Term Investments	$2.7B
Tax Assets	$3M
Other Non-Current Assets	$122M
TOTAL NON-CURRENT ASSETS	$3.0B
TOTAL ASSETS	$3.4B
Account Payables	$16M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$2.6B
TOTAL CURRENT LIABILITIES	$2.7B
Long-Term Debt	$269M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$269M
TOTAL LIABILITIES	$2.9B
Common Stock	$284M
Additional Paid-In Capital	$5M
Retained Earnings	$138M
Treasury Stock	$0
Accum. Other Comp. Income	$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$428M
Minority Interest	$72.0K
TOTAL EQUITY	$428M
TOTAL LIABILITIES & EQUITY	$3.4B
Total Debt	$269M
Net Debt	$130M