RBB Bancorp

For the period ended Sep 30, 2026. Filed Nov 6, 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.

Sep 30, 2026 · Filed Nov 6, 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)

CONSOLIDATED BALANCE SHEETS

(Unaudited)
	September 30,2026	December 31,2025
Assets
Cash and due from banks	$24,697	$27,086
Interest-earning deposits with financial institutions	165,593	185,231
Cash and cash equivalents	190,290	212,317
Interest-earning time deposits in other financial institutions	600	600
Securities:
Available for sale (amortized cost of $411,901 and $426,145 at September 30, 2026 and December 31, 2025)	381,344	407,204
Held to maturity (fair value of $3,803 and $4,103 at September 30, 2026 and December 31, 2025)	4,179	4,184
Loans held for sale	—	2,067
Loans held for investment	3,399,214	3,314,301
Allowance for loan losses	(44,038)	(43,888)
Loans held for investment, net of allowance for loan losses	3,355,176	3,270,413
Premises and equipment, net	17,950	23,540
Federal Home Loan Bank (FHLB) stock	15,000	15,000
Net deferred tax assets	18,174	16,347
Income tax receivable	12,754	17,483
Cash surrender value of bank owned life insurance (BOLI)	63,290	61,972
Goodwill	71,498	71,498
Right-of-use assets - operating leases	20,754	23,026
Accrued interest and other assets	100,287	82,643
Total assets	$4,251,296	$4,208,294
Liabilities and Shareholders’ Equity
Deposits:
Noninterest-bearing demand	$556,848	$526,538
Savings, NOW and money market accounts	1,237,657	956,299
Time deposits $250,000 and under	755,509	974,670
Time deposits over $250,000	845,266	892,891
Total deposits	3,395,280	3,350,398
FHLB advances	180,000	130,000
Long-term debt, net of issuance costs	80,000	119,911
Subordinated debentures, net	15,538	15,375
Lease liabilities - operating leases	22,513	24,800
Accrued interest and other liabilities	23,722	44,400
Total liabilities	3,717,053	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; 16,827,168 shares issued and outstanding at September 30, 2026 and 17,057,397 shares issued and outstanding at December 31, 2025	248,374	250,694
Additional paid-in capital	3,199	3,941
Retained earnings	303,994	282,024
Non-controlling interest	72	72
Accumulated other comprehensive loss, net	(21,396)	(13,321)
Total shareholders’ equity	534,243	523,410
Total liabilities and shareholders’ equity	$4,251,296	$4,208,294

CONSOLIDATED STATEMENTS OF INCOME– (UNAUDITED)

Three Months Ended · Nine Months EndedSeptember 30,
	September 30,2026	June 30,2026	September 30,2025	2026	2025
Interest and dividend income:
Loans	$52,200	$50,663	$50,094	$152,801	$143,402
Interest-earning deposits	2,296	1,708	2,140	5,887	5,904
Investment securities	4,027	4,259	4,592	12,255	12,941
FHLB stock	539	222	327	1,521	981
Federal funds sold and other	245	307	239	805	705
Total interest and dividend income	59,307	57,159	57,392	173,269	163,933
Interest expense:
Savings deposits, NOW and money market accounts	9,045	9,197	4,674	25,589	13,709
Time deposits	14,783	14,397	20,152	45,401	58,486
Long-term debt and subordinated debentures	1,749	2,428	1,635	5,776	4,901
FHLB advances	1,969	1,051	1,654	4,153	4,063
Total interest expense	27,546	27,073	28,115	80,919	81,159
Net interest income before provision for credit losses	31,761	30,086	29,277	92,350	82,774
Provision for credit losses	500	—	625	300	9,758
Net interest income after provision for credit losses	31,261	30,086	28,652	92,050	73,016
Noninterest income:
Service charges and fees	1,110	1,104	1,099	3,246	3,176
Loan servicing income, net of amortization	525	533	564	1,562	1,693
Increase in cash surrender value of BOLI	449	438	427	1,318	1,241
Gain on sale of loans	89	964	260	1,377	699
(Loss)/gain on other real estate owned	—	(221)	—	669	—
Other income	2,932	200	943	4,202	7,257
Total noninterest income	5,105	3,018	3,293	12,374	14,066
Noninterest expense:
Salaries and employee benefits	11,467	11,045	10,600	33,773	32,323
Occupancy and equipment expenses	2,587	2,449	2,425	7,547	7,209
Data processing	1,722	1,690	1,805	5,120	5,120
Legal and professional	1,306	1,311	1,450	4,120	5,869
Office expenses	394	377	444	1,130	1,257
Marketing and business promotion	193	178	252	586	661
Insurance and regulatory assessments	743	746	732	2,238	2,171
Core deposit intangible amortization	126	127	172	387	516
Other expenses	1,010	1,099	803	2,927	2,572
Total noninterest expense	19,548	19,022	18,683	57,828	57,698
Income before income taxes	16,818	14,082	13,262	46,596	29,384
Income tax expense	4,181	3,942	3,114	12,519	7,613
Net income	$12,637	$10,140	$10,148	$34,077	$21,771
Net income per share
Basic	$0.75	$0.60	$0.59	$2.01	$1.24
Diluted	$0.74	$0.59	$0.59	$1.99	$1.24
Weighted-average common shares outstanding
Basic	16,910,452	17,011,624	17,225,702	16,994,716	17,564,835
Diluted	17,027,686	17,141,742	17,301,627	17,114,113	17,621,599

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME– (UNAUDITED)

(In thousands)

Three Months Ended · Nine Months Ended
	September 30, 2026	June 30, 2026	September 30, 2025	September 30, 2026	September 30, 2025
Net income	$12,637	$10,140	$10,148	$34,077	$21,771
Other comprehensive (loss)/income:
Unrealized (loss)/gain on securities available for sale	(9,695)	(464)	2,571	(11,616)	8,693
Related income tax effect	2,907	139	(999)	3,541	(2,877)
Total other comprehensive (loss)/income	(6,788)	(325)	1,572	(8,075)	5,816
Total comprehensive income	$5,849	$9,815	$11,720	$26,002	$27,587

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

Common Stock · Additional Paid-in Capital · Retained Earnings · Non- Controlling Interest · Accumulated Other Comprehensive (Loss)/Income, net · Total
Shares · Amount
Balance at June 30, 2026	16,985,919	$250,590	$3,004	$296,119	$72	$(14,608)	$535,177
Net income	—	—	—	12,637	—	—	12,637
Stock-based compensation, net	—	—	401	—	—	—	401
Restricted stock units vested	4,017	107	(168)	—	—	—	(61)
Cash dividends on common stock ($0.16 per share)	—	—	—	(2,741)	—	—	(2,741)
Stock options exercised	6,000	148	(38)	—	—	—	110
Repurchase of common stock	(168,768)	(2,471)	—	(2,021)	—	—	(4,492)
Other comprehensive loss, net of taxes	—	—	—	—	—	(6,788)	(6,788)
Balance at September 30, 2026	16,827,168	$248,374	$3,199	$303,994	$72	$(21,396)	$534,243
Balance at June 30, 2025	17,699,091	$259,863	$3,579	$270,152	$72	$(16,013)	$517,653
Net income	—	—	—	10,148	—	—	10,148
Stock-based compensation, net	—	—	270	—	—	—	270
Restricted stock units vested	4,024	74	(115)	—	—	—	(41)
Cash dividends on common stock ($0.16 per share)	—	—	—	(2,783)	—	—	(2,783)
Stock options exercised	—	—	—	—	—	—	—
Repurchase of common stock	(659,218)	(9,575)	—	(2,909)	—	—	(12,484)
Other comprehensive income, net of taxes	—	—	—	—	—	1,572	1,572
Balance at September 30, 2025	17,043,897	$250,362	$3,734	$274,608	$72	$(14,441)	$514,335

Common Stock · Additional Paid-in Capital · Retained Earnings · Non- Controlling Interest · AccumulatedOther Comprehensive (Loss)/Income, net · Total
Shares · Amount
Balance at January 1, 2026	17,057,397	$250,694	$3,941	$282,024	$72	$(13,321)	$523,410
Net income	—	—	—	34,077	—	—	34,077
Stock-based compensation, net	—	—	1,375	—	—	—	1,375
Restricted stock units vested	56,615	1,318	(1,784)	—	—	—	(466)
Cash dividends on common stock ($0.48 per share)	—	—	—	(8,261)	—	—	(8,261)
Stock options exercised	62,500	1,478	(333)	—	—	—	1,145
Repurchase of common stock	(349,344)	(5,116)	—	(3,846)	—	—	(8,962)
Other comprehensive loss, net of taxes	—	—	—	—	—	(8,075)	(8,075)
Balance at September 30, 2026	16,827,168	$248,374	$3,199	$303,994	$72	$(21,396)	$534,243
Balance at January 1, 2025	17,720,416	$259,957	$3,645	$264,460	$72	$(20,257)	$507,877
Net income	—	—	—	21,771	—	—	21,771
Stock-based compensation, net	—	—	1,450	—	—	—	1,450
Restricted stock units vested	60,430	1,033	(1,298)	—	—	—	(265)
Cash dividends on common stock ($0.48 per share)	—	—	—	(8,502)	—	—	(8,502)
Stock options exercised	10,000	234	(63)	—	—	—	171
Repurchase of common stock	(746,949)	(10,862)	—	(3,121)	—	—	(13,983)
Other comprehensive income, net of taxes	—	—	—	—	—	5,816	5,816
Balance at September 30, 2025	17,043,897	$250,362	$3,734	$274,608	$72	$(14,441)	$514,335

CONSOLIDATED STATEMENTS OF CASH FLOWS – (UNAUDITED)

(In thousands)

	Nine Months Ended
	September 30,
	2026	2025
Operating activities
Net income	$34,077	$21,771
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization of premises and equipment	1,361	1,400
Net accretion of securities, loans, deposits, and other	(2,147)	(2,679)
Amortization of investment in affordable housing tax credits	1,759	1,524
Amortization of intangible assets	1,172	1,405
Amortization of right-of-use asset	3,910	3,831
Change in operating lease liabilities	(3,925)	(3,727)
Provision for credit losses	300	9,758
Stock-based compensation, net	1,375	1,450
Deferred tax expense	1,714	1,243
Gain on sale of loans	(1,377)	(699)
Gain on OREO	(669)	—
Gain on sale of fixed assets	(2,658)	(42)
Increase in cash surrender value of life insurance	(1,318)	(1,241)
Loans originated for sale, net	(4,859)	(6,460)
Proceeds from loans sold	21,100	14,444
Other items	(8,916)	(10,432)
Net cash provided by operating activities	40,899	31,546
Investing activities
Securities available for sale:
Purchases	(145,356)	(216,805)
Maturities, repayments and calls	161,047	236,976
Securities held to maturity:
Maturities, repayments and calls	—	1,000
Purchase of other equity securities, net	(10,047)	(188)
Net increase of investment in qualified affordable housing projects	(2,772)	(1,836)
Net increase in loans	(158,911)	(305,571)
Proceeds from sales of loans originally classified as HFI	42,198	35,120
Proceeds from sales of OREO	5,569	7,526
Proceeds from sales of fixed assets	7,407	42
Other investing activities, net	(353)	(641)
Net cash used in investing activities	(101,218)	(244,377)
Financing activities
Net increase in demand deposits and savings accounts	311,668	46,139
Net (decrease) increase in time deposits	(266,832)	236,456
Proceeds from FHLB advances	200,000	170,000
Repayments of FHLB advances	(150,000)	(240,000)
Redemptions of long-term debt	(40,000)	—
Cash dividends paid	(8,261)	(8,502)
Restricted stock units vesting	(466)	(265)
Common stock repurchased, net of repurchase costs	(8,962)	(13,983)
Exercise of stock options	1,145	171
Net cash provided by financing activities	38,292	190,016
Net decrease in cash and cash equivalents	(22,027)	(22,815)
Cash and cash equivalents at beginning of period	212,317	257,745
Cash and cash equivalents at end of period	$190,290	$234,930
Supplemental disclosure of cash flow information
Cash paid during the period:
Interest paid	$83,374	$80,351
Taxes paid	5,069	5,163
Non-cash investing and financing activities:
Transfer from loans to other real estate owned	19,391	12,666
Loans transferred to held for sale, net	54,995	31,911
Additions to servicing assets	388	156
Recognition of operating lease right-of-use assets	(1,638)	(88)
Recognition of operating lease liabilities	1,638	88

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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.