RBB Bancorp
For the period ended Dec 31, 2025. Filed Mar 9, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 9, 2026
RBB$26.09+0.2%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEARS ENDED DECEMBER 31, 2025, 2024, AND 2023
(In thousands)
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Operating activities | |||
| Net income | $31,948 | $26,665 | $42,465 |
| Adjustments to reconcile net income to net cash from Operating activities: | |||
| Depreciation and amortization of premises and equipment | 1,871 | 1,898 | 2,018 |
| Net accretion of discount for securities, loans, deposits, and other | (2,913) | (4,244) | (5,396) |
| Unrealized loss/(gain) on equity securities | 74 | (41) | (24) |
| Amortization of investment in affordable housing tax credits | 2,097 | 1,336 | 1,127 |
| Amortization of intangible assets | 1,807 | 2,342 | 2,568 |
| Amortization of right-of-use asset | 5,126 | 5,011 | 5,042 |
| Change in operating lease liabilities | (5,009) | (4,742) | (4,730) |
| Provision for credit losses | 10,358 | 9,857 | 3,362 |
| Stock-based compensation, net | 1,743 | 1,360 | 750 |
| Deferred tax (benefit)/expense | (641) | (2,918) | 216 |
| Gain on sale of loans | (1,156) | (1,586) | (374) |
| Gain on OREO | — | (1,016) | (133) |
| Gain on sale of fixed assets | (42) | — | (32) |
| Increase in cash surrender value of BOLI | (1,676) | (1,577) | (1,409) |
| Loans originated and purchased for sale, net | (7,751) | (35,568) | (15,058) |
| Proceeds from loans sold | 17,630 | 63,268 | 18,743 |
| Other items | (10,079) | (1,550) | 2,157 |
| Net cash provided by operating activities | 43,387 | 58,495 | 51,292 |
| Investing activities | |||
| Securities available for sale: | |||
| Purchases | (260,984) | (415,396) | (694,210) |
| Maturities, repayments and calls | 286,465 | 316,151 | 640,993 |
| Securities held to maturity: | |||
| Maturities, repayments and calls | 1,000 | — | 500 |
| (Purchase) sale of other equity securities, net | (3,216) | 489 | (479) |
| Net increase of investment in qualified affordable housing projects | (3,765) | (2,525) | (279) |
| Net (increase)/decrease in loans | (343,792) | (61,254) | 296,693 |
| Proceeds from sales of loans originally classified as HFI | 57,343 | — | — |
| Proceeds from sales of OREO | 7,526 | 2,936 | 711 |
| Proceeds from sale of fixed assets | 42 | — | 32 |
| Purchases of premises and equipment | (798) | (788) | (652) |
| Net cash (used in)/provided by investing activities | (260,179) | (160,387) | 243,309 |
| Financing activities | |||
| Net increase/(decrease) in demand deposits and savings accounts | 256,791 | 53,696 | (241,730) |
| Net increase/(decrease) in time deposits | 9,667 | (144,769) | 438,625 |
| Advances from Federal Home Loan Bank | 170,000 | 50,000 | 80,000 |
| Repayment of Federal Home Loan Bank borrowings | (240,000) | — | (150,000) |
| Cash dividends paid | (11,264) | (11,720) | (12,163) |
| Restricted stock units vesting | (265) | (108) | — |
| Redemption of subordinated notes | — | — | (55,000) |
| Common stock repurchased, net of repurchased costs | (13,982) | (20,676) | (6,803) |
| Exercise of stock options | 417 | 1,841 | 295 |
| Net cash provided by/(used in) financing activities | 171,364 | (71,736) | 53,224 |
| Net (decrease)/increase in cash and cash equivalents | (45,428) | (173,628) | 347,825 |
| Cash and cash equivalents at beginning of period | 257,745 | 431,373 | 83,548 |
| Cash and cash equivalents at end of period | $212,317 | $257,745 | $431,373 |
| Supplemental disclosure of cash flow information | |||
| Cash paid during the period: | |||
| Interest paid | $108,683 | $120,917 | $93,721 |
| Taxes paid | 18,721 | 6,225 | 21,389 |
| Non-cash investing and financing activities: | |||
| Transfer from loans to other real estate owned | 12,666 | 1,920 | — |
| Loans transferred to held for sale, net | 56,883 | 35,453 | 5,254 |
| Additions to servicing assets | 190 | 433 | 234 |
| Recognition of operating lease right-of-use assets | (104) | (3,256) | (9,398) |
| Recognition of operating lease liabilities | 104 | 3,256 | 9,398 |
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