RBB Bancorp

For the period ended Jun 30, 2026. Filed Aug 7, 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.

Jun 30, 2026 · Filed Aug 7, 2026

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

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

See the whole filing, with its images and exhibits

Contents

ITEM 1. CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

ITEM 1.	CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

CONSOLIDATED BALANCE SHEETS

(Unaudited)
	June 30,	December 31,
	2026	2025
Assets
Cash and due from banks	$25,363	$27,086
Interest-earning deposits with financial institutions	257,652	185,231
Cash and cash equivalents	283,015	212,317
Interest-earning time deposits in other financial institutions	600	600
Securities:
Available for sale (amortized cost of $428,022 and $426,145 at June 30, 2026 and December 31, 2025)	407,160	407,204
Held to maturity (fair value of $4,078 and $4,103 at June 30, 2026 and December 31, 2025)	4,181	4,184
Loans held for sale	—	2,067
Loans held for investment	3,309,459	3,314,301
Allowance for loan losses	(43,660)	(43,888)
Loans held for investment, net of allowance for loan losses	3,265,799	3,270,413
Premises and equipment, net	22,868	23,540
Federal Home Loan Bank (FHLB) stock	15,000	15,000
Net deferred tax assets	15,115	16,347
Income tax receivable	7,296	17,483
Cash surrender value of bank owned life insurance (BOLI)	62,841	61,972
Goodwill	71,498	71,498
Right-of-use assets - operating leases	22,068	23,026
Accrued interest and other assets	97,561	82,643
Total assets	$4,275,002	$4,208,294
Liabilities and Shareholders’ Equity
Deposits:
Noninterest-bearing demand	$591,556	$526,538
Savings, NOW and money market accounts	1,191,198	956,299
Time deposits $250,000 and under	815,528	974,670
Time deposits over $250,000	792,359	892,891
Total deposits	3,390,641	3,350,398
FHLB advances	160,000	130,000
Long-term debt, net of issuance costs	120,000	119,911
Subordinated debentures, net	15,484	15,375
Lease liabilities - operating leases	23,836	24,800
Accrued interest and other liabilities	29,864	44,400
Total liabilities	3,739,825	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; 16,985,919 shares issued and outstanding at June 30, 2026 and 17,057,397 shares issued and outstanding at December 31, 2025	250,590	250,694
Additional paid-in capital	3,004	3,941
Retained earnings	296,119	282,024
Non-controlling interest	72	72
Accumulated other comprehensive loss, net	(14,608)	(13,321)
Total shareholders’ equity	535,177	523,410
Total liabilities and shareholders’ equity	$4,275,002	$4,208,294

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

Three Months Ended · Six Months Ended June 30,
	June 30, 2026	March 31, 2026	June 30, 2025	2026	2025
Interest and dividend income:
Loans	$50,663	$49,938	$47,687	$100,601	$93,308
Interest-earning deposits	1,708	1,883	1,750	3,591	3,764
Investment securities	4,259	3,969	4,213	8,228	8,349
FHLB stock	222	760	324	982	654
Federal funds sold and other	307	253	231	560	466
Total interest and dividend income	57,159	56,803	54,205	113,962	106,541
Interest expense:
Savings deposits, NOW and money market accounts	9,197	7,347	4,567	16,544	9,035
Time deposits	14,397	16,221	19,250	30,618	38,334
Long-term debt and subordinated debentures	2,428	1,599	1,634	4,027	3,266
FHLB advances	1,051	1,133	1,420	2,184	2,409
Total interest expense	27,073	26,300	26,871	53,373	53,044
Net interest income before (reversal of)/provision for credit losses	30,086	30,503	27,334	60,589	53,497
(Reversal of)/provision for credit losses	—	(200)	2,387	(200)	9,133
Net interest income after (reversal of)/provision for credit losses	30,086	30,703	24,947	60,789	44,364
Noninterest income:
Service charges and fees	1,104	1,032	1,060	2,136	2,077
Loan servicing income, net of amortization	533	504	541	1,037	1,129
Increase in cash surrender value of BOLI	438	431	411	869	814
Gain on sale of loans	964	324	358	1,288	439
(Loss)/gain on other real estate owned	(221)	890	—	669	—
Other income	200	1,070	6,108	1,270	6,314
Total noninterest income	3,018	4,251	8,478	7,269	10,773
Noninterest expense:
Salaries and employee benefits	11,045	11,261	11,080	22,306	21,723
Occupancy and equipment expenses	2,449	2,511	2,377	4,960	4,784
Data processing	1,690	1,708	1,713	3,398	3,315
Legal and professional	1,311	1,503	2,904	2,814	4,419
Office expenses	377	359	405	736	813
Marketing and business promotion	178	215	212	393	409
Insurance and regulatory assessments	746	749	709	1,495	1,439
Core deposit intangible amortization	127	134	172	261	344
Other expenses	1,099	818	921	1,917	1,769
Total noninterest expense	19,022	19,258	20,493	38,280	39,015
Net income before income taxes	14,082	15,696	12,932	29,778	16,122
Income tax expense	3,942	4,396	3,599	8,338	4,499
Net income	$10,140	$11,300	$9,333	$21,440	$11,623
Net income per share
Basic	$0.60	$0.66	$0.53	$1.26	$0.66
Diluted	$0.59	$0.66	$0.52	$1.25	$0.65
Weighted-average common shares outstanding
Basic	17,011,624	17,063,757	17,746,607	17,037,546	17,737,212
Diluted	17,141,742	17,174,526	17,797,735	17,158,043	17,784,237

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

(In thousands)

Three Months Ended · Six Months Ended
	June 30, 2026	March 31, 2026	June 30, 2025	June 30, 2026	June 30, 2025
Net income	$10,140	$11,300	$9,333	$21,440	$11,623
Other comprehensive (loss)/income:
Unrealized (loss)/gain on securities available for sale	(464)	(1,457)	1,850	(1,921)	6,122
Related income tax effect	139	495	(568)	634	(1,878)
Total other comprehensive (loss)/income	(325)	(962)	1,282	(1,287)	4,244
Total comprehensive income	$9,815	$10,338	$10,615	$20,153	$15,867

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)/Income, net	Total
Balance at March 31, 2026	17,074,159	$251,050	$3,649	$290,566	$72	$(14,283)	$531,054
Net income	—	—	—	10,140	—	—	10,140
Stock-based compensation, net	—	—	697	—	—	—	697
Restricted stock units vested	35,836	855	(1,047)	—	—	—	(192)
Cash dividends on common stock ($0.16 per share)	—	—	—	(2,762)	—	—	(2,762)
Stock options exercised	56,500	1,330	(295)	—	—	—	1,035
Repurchase of common stock	(180,576)	(2,645)	—	(1,825)	—	—	(4,470)
Other comprehensive loss, net of taxes	—	—	—	—	—	(325)	(325)
Balance at June 30, 2026	16,985,919	$250,590	$3,004	$296,119	$72	$(14,608)	$535,177
Balance at March 31, 2025	17,738,628	$260,284	$3,360	$263,885	$72	$(17,295)	$510,306
Net income	—	—	—	9,333	—	—	9,333
Stock-based compensation, net	—	—	925	—	—	—	925
Restricted stock units vested	38,194	632	(643)	—	—	—	(11)
Cash dividends on common stock ($0.16 per share)	—	—	—	(2,854)	—	—	(2,854)
Stock options exercised	10,000	234	(63)	—	—	—	171
Repurchase of common stock	(87,731)	(1,287)	—	(212)	—	—	(1,499)
Other comprehensive income, net of taxes	—	—	—	—	—	1,282	1,282
Balance at June 30, 2025	17,699,091	$259,863	$3,579	$270,152	$72	$(16,013)	$517,653

Common Stock · Accumulated
	Shares	Amount	Additional Paid-in Capital	Retained Earnings	Non- Controlling Interest	Other Comprehensive (Loss)/Income, net	Total
Balance at January 1, 2026	17,057,397	$250,694	$3,941	$282,024	$72	$(13,321)	$523,410
Net income	—	—	—	21,440	—	—	21,440
Stock-based compensation, net	—	—	974	—	—	—	974
Restricted stock units vested	52,598	1,211	(1,616)	—	—	—	(405)
Cash dividends on common stock ($0.32 per share)	—	—	—	(5,520)	—	—	(5,520)
Stock options exercised	56,500	1,330	(295)	—	—	—	1,035
Repurchase of common stock	(180,576)	(2,645)	—	(1,825)	—	—	(4,470)
Other comprehensive loss, net of taxes	—	—	—	—	—	(1,287)	(1,287)
Balance at June 30, 2026	16,985,919	$250,590	$3,004	$296,119	$72	$(14,608)	$535,177
Balance at January 1, 2025	17,720,416	$259,957	$3,645	$264,460	$72	$(20,257)	$507,877
Net income	—	—	—	11,623	—	—	11,623
Stock-based compensation, net	—	—	1,180	—	—	—	1,180
Restricted stock units vested	56,406	959	(1,183)	—	—	—	(224)
Cash dividends on common stock ($0.32 per share)	—	—	—	(5,719)	—	—	(5,719)
Stock options exercised	10,000	234	(63)	—	—	—	171
Repurchase of common stock	(87,731)	(1,287)	—	(212)	—	—	(1,499)
Other comprehensive income, net of taxes	—	—	—	—	—	4,244	4,244
Balance at June 30, 2025	17,699,091	$259,863	$3,579	$270,152	$72	$(16,013)	$517,653

CONSOLIDATED STATEMENTS OF CASH FLOWS – (UNAUDITED)

(In thousands)

	Six Months Ended
	June 30,
	2026	2025
Operating activities
Net income	$21,440	$11,623
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization of premises and equipment	929	941
Net accretion of securities, loans, deposits, and other	(1,263)	(1,667)
Amortization of investment in affordable housing tax credits	1,173	952
Amortization of intangible assets	797	951
Amortization of right-of-use asset	2,596	2,545
Change in operating lease liabilities	(2,602)	(2,462)
(Reversal of) provision for credit losses	(200)	9,133
Stock-based compensation, net	974	1,180
Deferred tax expense (benefit)	1,866	(329)
Gain on sale of loans	(1,288)	(439)
Gain on OREO	(669)	—
Gain on sale of fixed assets	—	(42)
Increase in cash surrender value of life insurance	(869)	(814)
Loans originated for sale, net	(3,248)	(1,938)
Proceeds from loans sold	18,260	8,574
Other items	3,823	1,222
Net cash provided by operating activities	41,719	29,430
Investing activities
Securities available for sale:
Purchases	(109,336)	(110,410)
Maturities, repayments and calls	108,340	124,717
Securities held to maturity:
Maturities, repayments and calls	—	1,000
Purchase of other equity securities, net	(8,079)	(228)
Net increase of investment in qualified affordable housing projects	(2,212)	(1,538)
Net increase in loans	(68,245)	(217,800)
Proceeds from sales of loans originally classified as HFI	42,198	24,528
Proceeds from sales of OREO	5,569	7,526
Other investing activities, net	(98)	(236)
Net cash used in investing activities	(31,863)	(172,441)
Financing activities
Net increase in demand deposits and savings accounts	299,917	9,518
Net (decrease) increase in time deposits	(259,715)	94,871
Proceeds from FHLB advances	120,000	150,000
Repayments of FHLB Advances	(90,000)	(170,000)
Cash dividends paid	(5,520)	(5,719)
Restricted stock units vesting	(405)	(224)
Common stock repurchased, net of repurchase costs	(4,470)	(1,499)
Exercise of stock options	1,035	171
Net cash provided by financing activities	60,842	77,118
Net increase (decrease) in cash and cash equivalents	70,698	(65,893)
Cash and cash equivalents at beginning of period	212,317	257,745
Cash and cash equivalents at end of period	$283,015	$191,852
Supplemental disclosure of cash flow information
Cash paid during the period:
Interest paid	$54,139	$53,654
(Refunds received) taxes paid	(4,887)	2,869
Non-cash investing and financing activities:
Transfer from loans to other real estate owned	19,391	11,696
Loans transferred to held for sale, net	53,855	19,475
Additions to servicing assets	360	104
Recognition of operating lease right-of-use assets	(1,638)	(51)
Recognition of operating lease liabilities	1,638	51

ContentsView on SEC.gov

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