RBAZ Bancorp, Inc. Announces Unaudited Financial Results for the Quarter and Year Ending December 31, 2023

PHOENIX, Jan. 29, 2024 (GLOBE NEWSWIRE) — RBAZ Bancorp, Inc. (OTCIQ: RBAZ) (the “Company”), parent company of Republic Bank of Arizona (the “Bank” or “RBAZ”), announced a consolidated net income of $688,000, or $0.38 per share, for the quarter ended December 31, 2023 and $2,460,000, or $1.36 per share, for the twelve months ended December 31, 2023 as compared to a consolidated net income of $644,000, or $0.36 per share, for the quarter ended December 31, 2022 and $1,913,000, or $1.06 per share, for the twelve months ended December 31, 2022. Current year earnings of $1.36 per share were attributable entirely to core operations. Prior year earnings of $1.06 per share were comprised of $0.96 per share attributable to core operations and $0.10 per share due to impacts from the Paycheck Protection Program.

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