RBAZ Bancorp, Inc. Announces Unaudited Financial Results for the Quarter Ending June 30, 2023

PHOENIX, July 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 $561,000, or $0.31 per share, for the quarter ended June 30, 2023 and $1,023,000, or $0.57 per share, for the six months ended June 30, 2023 as compared to a consolidated net income of $405,000, or $0.22 per share, for the quarter ended June 30, 2022 and $778,000, or $0.43 per share, for the six months ended June 30, 2022. Current year earnings of $0.57 per share were attributable entirely to core operations. Prior year earnings of $0.43 per share were comprised of $0.34 per share attributable to core operations and $0.09 per share due to impacts from the Paycheck Protection Program.

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