RBB Bancorp

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.

RBB Bancorp announced the appointment of John Curtis as Executive Vice President and Market President for its Northern California Region. Mr. Curtis, with over 37 years of experience, will lead strategies to expand the bank's commercial banking capabilities in the region. He is joined by a new team, and they will operate from a newly established loan production office in the San Francisco Bay Area, marking a strategic expansion for the company.

RBB Bancorp announced it will release its second quarter financial results for the period ended June 30, 2026, after market close on Monday, July 20, 2026. Following the release, management will host a conference call on Tuesday, July 21, 2026, at 11:00 a.m. Pacific Time to discuss the results. Dial-in and webcast details for the call and replay have been provided. As of March 31, 2026, the company reported total assets of $4.2 billion.

RBB Bancorp's Board of Directors authorized a new common stock repurchase plan for up to 1 million shares, valued at approximately $25 million, representing about 6% of outstanding shares, valid through June 30, 2028. Concurrently, the company announced the partial redemption of $40.0 million of its 4.00% Fixed-to-Floating Rate Subordinated Notes due 2031, with an expected redemption date of July 1, 2026, at a total cost of approximately $40.7 million. These actions reflect the company's strong capital position and ongoing capital management strategy.

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.

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.

RBB Bancorp announced the release of its financial results for the quarter ended March 31, 2026, via a press release on April 20, 2026. The company also scheduled a conference call for April 21, 2026, to discuss these results and other related matters. Presentation materials containing historical and forward-looking information have been made available on the company's website.

Dr. Christopher Lin, a member of RBB Bancorp's Board of Directors, will retire at the company's 2026 Annual Meeting of Shareholders. His decision to retire was not due to any disagreements with management or the board.