BuybackJun 15, 2026, 08:31 AM
RBB Bancorp Authorizes $25M Stock Buyback; Redeems $40M Notes
AI Summary
RBB Bancorp announced a new stock repurchase plan authorizing the buyback of up to 1 million shares, or approximately $25 million, through June 30, 2028. This follows the exhaustion of a previous $18 million plan in Q2 2026. Additionally, the company intends to redeem $40.0 million of its 4.0% Fixed to Floating Rate Subordinated Notes due March 31, 2031, on July 1, 2026, for approximately $40.7 million including accrued interest. These actions are part of the company's capital management strategy, reflecting its strong capital and liquidity.
Key Highlights
- RBB Bancorp authorized a new stock repurchase plan for up to 1 million shares.
- The new plan represents approximately $25 million and 6% of outstanding shares.
- The previous $18 million repurchase plan was exhausted in Q2 2026.
- Company intends to redeem $40.0 million of 4.0% Subordinated Notes.
- Total redemption amount for Notes, including interest, is approximately $40.7 million.
- After redemption, $80.0 million aggregate principal amount of Notes will remain outstanding.
Price Impact
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