RBAZ Bancorp, Inc. Announces Unaudited Financial Results For the Quarter Ending September 30, 2023

PHOENIX, Oct. 25, 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 $748,000, or $0.41 per share, for the quarter ended September 30, 2023 and $1,771,000, or $0.98 per share, for the nine months ended September 30, 2023 as compared to a consolidated net income of $490,000, or $0.27 per share, for the quarter ended September 30, 2022 and $1,270,000, or $0.70 per share, for the nine months ended September 30, 2022. Current year earnings of $0.98 per share were attributable entirely to core operations. Prior year earnings of $0.70 per share were comprised of $0.60 per share attributable to core operations and $0.10 per share due to impacts from the Paycheck Protection Program.

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