RBB Bancorp

For the period ended Mar 31, 2026. Filed May 8, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed May 8, 2026

RBB$26.09+0.2%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

ITEM 1. CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

ITEM 1.	CONSOLIDATED FINANCIAL STATEMENTS

CONSOLIDATED BALANCE SHEETS

(Unaudited)
	March 31,	December 31,
	2026	2025
Assets
Cash and due from banks	$23,893	$27,086
Interest-earning deposits with financial institutions	173,017	185,231
Cash and cash equivalents	196,910	212,317
Interest-earning time deposits in other financial institutions	600	600
Securities:
Available for sale (amortized cost of $436,187 and $426,145 at March 31, 2026 and December 31, 2025)	415,789	407,204
Held to maturity (fair value of $4,033 and $4,103 at March 31, 2026 and December 31, 2025)	4,182	4,184
Loans held for sale	—	2,067
Loans held for investment	3,325,232	3,314,301
Allowance for loan losses	(43,666)	(43,888)
Loans held for investment, net of allowance for loan losses	3,281,566	3,270,413
Premises and equipment, net	23,204	23,540
Federal Home Loan Bank (FHLB) stock	15,000	15,000
Net deferred tax assets	14,992	16,347
Income tax receivable	6,986	17,483
Cash surrender value of bank owned life insurance (BOLI)	62,403	61,972
Goodwill	71,498	71,498
Right-of-use assets - operating leases	22,601	23,026
Accrued interest and other assets	78,581	82,643
Total assets	$4,194,312	$4,208,294
Liabilities and Shareholders’ Equity
Deposits:
Noninterest-bearing demand	$526,882	$526,538
Savings, NOW and money market accounts	1,175,735	956,299
Time deposits $250,000 and under	863,717	974,670
Time deposits over $250,000	773,550	892,891
Total deposits	3,339,884	3,350,398
Reserve for unfunded commitments	484	484
FHLB advances	130,000	130,000
Long-term debt, net of issuance costs	120,000	119,911
Subordinated debentures, net	15,429	15,375
Lease liabilities - operating leases	24,379	24,800
Accrued interest and other liabilities	33,082	43,916
Total liabilities	3,663,258	3,684,884
Shareholders' equity:
Preferred Stock - 100,000,000 shares authorized, no par value; none outstanding	—	—
Common Stock - 100,000,000 shares authorized, no par value; 17,074,159 shares issued and outstanding at March 31, 2026 and 17,057,397 shares issued and outstanding at December 31, 2025	251,050	250,694
Additional paid-in capital	3,649	3,941
Retained earnings	290,566	282,024
Non-controlling interest	72	72
Accumulated other comprehensive loss, net	(14,283)	(13,321)
Total shareholders’ equity	531,054	523,410
Total liabilities and shareholders’ equity	$4,194,312	$4,208,294

CONSOLIDATED STATEMENTS OF INCOME–** (UNAUDITED)**

	Three Months Ended
	March 31, 2026	December 31, 2025	March 31, 2025
Interest and dividend income:
Loans	$49,938	$50,447	$45,621
Interest-earning deposits	1,883	2,027	2,014
Investment securities	3,969	4,140	4,136
FHLB stock	760	331	330
Federal funds sold and other	253	248	235
Total interest and dividend income	56,803	57,193	52,336
Interest expense:
Savings deposits, NOW and money market accounts	7,347	5,316	4,468
Time deposits	16,221	19,588	19,084
Long-term debt and subordinated debentures	1,599	1,623	1,632
FHLB advances	1,133	1,158	989
Total interest expense	26,300	27,685	26,173
Net interest income before (reversal of)/provision for credit losses	30,503	29,508	26,163
(Reversal of)/provision for credit losses	(200)	600	6,746
Net interest income after (reversal of)/provision for credit losses	30,703	28,908	19,417
Noninterest income:
Service charges and fees	1,032	1,011	1,017
Loan servicing income, net of amortization	504	556	588
Increase in cash surrender value of BOLI	431	435	403
Gain on sale of loans	324	457	81
Gain on other real estate owned	890	—	—
Other income	1,070	348	206
Total noninterest income	4,251	2,807	2,295
Noninterest expense:
Salaries and employee benefits	11,261	10,733	10,643
Occupancy and equipment expenses	2,511	2,435	2,407
Data processing	1,708	1,750	1,602
Legal and professional	1,503	1,601	1,515
Office expenses	359	477	408
Marketing and business promotion	215	202	197
Insurance and regulatory assessments	749	753	730
Core deposit intangible amortization	134	156	172
Other expenses	818	858	848
Total noninterest expense	19,258	18,965	18,522
Net income before income taxes	15,696	12,750	3,190
Income tax expense	4,396	2,573	900
Net income	$11,300	$10,177	$2,290
Net income per share
Basic	$0.66	$0.60	$0.13
Diluted	$0.66	$0.59	$0.13
Weighted-average common shares outstanding
Basic	17,063,757	17,049,834	17,727,712
Diluted	17,174,526	17,140,478	17,770,588

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME–** (UNAUDITED)**

(In thousands)

	Three Months Ended
	March 31, 2026	December 31, 2025	March 31, 2025
Net income	$11,300	$10,177	$2,290
Other comprehensive (loss)/income:
Unrealized (loss)/gain on securities available for sale	(1,457)	1,592	4,272
Related income tax effect	495	(472)	(1,310)
Total other comprehensive (loss)/income	(962)	1,120	2,962
Total comprehensive income	$10,338	$11,297	$5,252

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’** EQUITY**–** (UNAUDITED)**

Common Stock · Accumulated
	Shares	Amount	Additional Paid-in Capital	Retained Earnings	Non- Controlling Interest	Other Comprehensive Loss, net	Total
Balance at January 1, 2026	17,057,397	$250,694	$3,941	$282,024	$72	$(13,321)	$523,410
Net income	—	—	—	11,300	—	—	11,300
Stock-based compensation, net	—	—	277	—	—	—	277
Restricted stock units vested	16,762	356	(569)	—	—	—	(213)
Cash dividends on common stock ($0.16 per share)	—	—	—	(2,758)	—	—	(2,758)
Other comprehensive loss, net of taxes	—	—	—	—	—	(962)	(962)
Balance at March 31, 2026	17,074,159	$251,050	$3,649	$290,566	$72	$(14,283)	$531,054
Balance at January 1, 2025	17,720,416	$259,957	$3,645	$264,460	$72	$(20,257)	$507,877
Net income	—	—	—	2,290	—	—	2,290
Stock-based compensation, net	—	—	255	—	—	—	255
Restricted stock units vested	18,212	327	(540)	—	—	—	(213)
Cash dividends on common stock ($0.16 per share)	—	—	—	(2,865)	—	—	(2,865)
Other comprehensive income, net of taxes	—	—	—	—	—	2,962	2,962
Balance at March 31, 2025	17,738,628	$260,284	$3,360	$263,885	$72	$(17,295)	$510,306

CONSOLIDATED STATEMENTS OF CASH FLOWS – (UNAUDITED)

(In thousands)

	Three Months Ended
	March 31,
	2026	2025
Operating activities
Net income	$11,300	$2,290
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization of premises and equipment	476	477
Net accretion of securities, loans, deposits, and other	(329)	(857)
Amortization of investment in affordable housing tax credits	587	419
Amortization of intangible assets	426	458
Amortization of right-of-use asset	1,298	1,269
Change in operating lease liabilities	(1,294)	(1,222)
(Reversal of) provision for credit losses	(200)	6,746
Stock-based compensation, net	277	255
Deferred tax expense (benefit)	1,850	(1,362)
Gain on sale of loans	(324)	(81)
Gain on OREO	(890)	—
Increase in cash surrender value of life insurance	(431)	(403)
Loans originated for sale, net	(2,798)	(997)
Proceeds from loans sold	6,360	4,405
Other items	3,123	(3,624)
Net cash provided by operating activities	19,431	7,773
Investing activities
Securities available for sale:
Purchases	(54,888)	(42,382)
Maturities, repayments and calls	45,074	89,259
Purchase of other equity securities, net	(2,045)	(60)
Net increase of investment in qualified affordable housing projects	(453)	(55)
Net increase in loans	(14,824)	(110,430)
Proceeds from sales of loans originally classified as HFI	2,887	13,890
Proceeds from sales of OREO	2,482	7,526
Other investing activities, net	440	(180)
Net cash used in investing activities	(21,327)	(42,432)
Financing activities
Net increase in demand deposits and savings accounts	219,780	23,375
Net (decrease) increase in time deposits	(230,320)	35,440
Proceeds from FHLB advances	—	110,000
Repayments of FHLB Advances	—	(150,000)
Cash dividends paid	(2,758)	(2,865)
Restricted stock units vesting	(213)	(213)
Net cash (used in) provided by financing activities	(13,511)	15,737
Net decrease in cash and cash equivalents	(15,407)	(18,922)
Cash and cash equivalents at beginning of period	212,317	257,745
Cash and cash equivalents at end of period	$196,910	$238,823
Supplemental disclosure of cash flow information
Cash paid during the period:
Interest paid	$26,441	$28,646
(Refund) taxes paid	(8,537)	740
Non-cash investing and financing activities:
Transfer from loans to other real estate owned	—	11,696
Loans transferred to held for sale, net	4,058	6,621
Additions to servicing assets	85	67
Recognition of operating lease right-of-use assets	(873)	—
Recognition of operating lease liabilities	873	—

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.