Quarterly ResultMay 8, 2026, 03:27 PM
RBB Bancorp Q1 Net Income $11.3M, EPS $0.66
AI Summary
RBB Bancorp reported a significant increase in net income for the first quarter of 2026, reaching $11.3 million, or $0.66 per diluted share. This represents a substantial improvement compared to $10.2 million, or $0.60 per diluted share, in the previous quarter and $2.3 million, or $0.13 per diluted share, in the same quarter last year. The company also recorded a reversal of provision for credit losses of $0.2 million, contributing to the strong financial performance.
Key Highlights
- Net income for Q1 2026 was $11.3 million, up 11.0% QoQ and 393.5% YoY.
- Diluted EPS for Q1 2026 was $0.66, up 11.9% QoQ and 407.7% YoY.
- Total assets stood at $4.19 billion as of March 31, 2026.
- Total loans held for investment were $3.33 billion at quarter-end.
- Total deposits reached $3.34 billion as of March 31, 2026.
- Net interest income before credit losses was $30.5 million for Q1 2026.
- The company reported a reversal of provision for credit losses of $0.2 million.
- Total noninterest income increased to $4.25 million in Q1 2026.