Quarterly ResultJul 20, 2026, 04:13 PM
RBB Bancorp Q2 Net Income $10.1M, EPS $0.59
AI Summary
RBB Bancorp reported net income of $10.1 million, or $0.59 diluted earnings per share, for the second quarter of 2026, down from $11.3 million and $0.66 respectively in the prior quarter. Despite a decrease in net interest margin to 3.06%, the company saw improved credit quality with nonperforming assets declining by 10.8% to $43.6 million. RBB Bancorp also announced a new common stock repurchase plan for up to 1 million shares, completed a $40 million partial redemption of subordinated notes, and declared a quarterly cash dividend of $0.16 per share.
Key Highlights
- Net income totaled $10.1 million for Q2 2026.
- Diluted earnings per share was $0.59 for Q2 2026.
- Nonperforming assets decreased by 10.8% to $43.6 million.
- Book value per share increased to $31.51.
- Tangible book value per share increased to $27.23.
- New common stock repurchase plan for up to 1 million shares.
- Partial redemption of $40 million in subordinated notes.
- Quarterly cash dividend of $0.16 per common share declared.
- Net interest margin decreased to 3.06% from 3.15%.
Price Impact
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