RBAZ Bancorp, Inc. Announces Unaudited Financial Results For the Quarter Ending December 31, 2022

PHOENIX, Jan. 26, 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 $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 as compared to a consolidated net income of $373,000, or $0.21 per share, for the quarter ended December 31, 2021 and $1,918,000, or $1.06 per share, for the twelve months ended December 31, 2021. Current 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 (“PPP”). Prior year earnings of $1.06 per share were comprised of $0.63 per share attributable to core operations and $0.43 per share due to impacts from the PPP.

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