RBAZ Bancorp, Inc. Announces Unaudited Financial Results for the Quarter Ending March 31, 2023

April 27, 2023

PHOENIX, April 27, 2023 (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 $462,000, or $0.26 per share, for the quarter ended March 31, 2023 as compared to a consolidated net income of $374,000, or $0.21 per share, for the quarter ended March 31, 2022. Current quarter earnings of $0.26 per share were attributable entirely to core operations. Prior quarter earnings of $0.21 per share were comprised of $0.18 per share attributable to core operations and $0.03 per share due to impacts from the Paycheck Protection Program (“PPP”).

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