RBB Bancorp Reports Third Quarter 2026 Earnings and Declares Quarterly Cash Dividend of $0.16 Per Common Share
Key Highlights
- ➤Net income $12.6 million, or $0.74 diluted EPS, versus $10.1 million prior quarter
- ➤Net interest margin rose 10 basis points to 3.16%
- ➤Nonperforming assets fell 11.3% quarter-over-quarter to $38.7 million
- ➤Loans held for investment grew 10.8% annualized quarter-over-quarter to $3.4 billion
- ➤Quarterly cash dividend declared at $0.16 per common share, payable November 12
Expert Statements
Johnny Lee, President and Chief Executive Officer of RBB Bancorp
“Our third quarter results reflected the continued strength of our core banking franchise as the partial redemption of our subordinated notes and the continued resolution of nonperforming assets contributed to higher net interest income”
Johnny Lee, President and Chief Executive Officer of RBB Bancorp
“We continued to improve the quality of our funding base through strong retail deposit growth, which allowed us to reduce our reliance on wholesale deposits.”
Johnny Lee, President and Chief Executive Officer of RBB Bancorp
“Credit quality continued to improve, with nonperforming assets declining 11% from the prior quarter.”
Johnny Lee, President and Chief Executive Officer of RBB Bancorp
“Strong loan production drove double-digit annualized loan growth in the quarter, and with healthy pipelines and business activity in our markets, we believe we are well positioned to continue these positive trends to finish the year.”
LOS ANGELES, Oct. 19, 2026 (GLOBE NEWSWIRE) -- RBB Bancorp (NASDAQ:RBB) and its bank subsidiary, Royal Business Bank (the “Bank”), collectively referred to herein as the “Company,” announced financial results for the quarter ended September 30, 2026.
Third Quarter 2026 Highlights * Net income totaled $12.6 million, or $0.74 diluted earnings per share * Return on average assets of 1.17%, compared to 0.97% for the prior quarter * Net interest margin of 3.16%, up from 3.06% for the prior quarter * Nonperforming assets of $38.7 million, a $4.9 million, or 11.3%, decrease compared to prior quarter end * Book value and tangible book value per share(()(1)()) increased to $31.75 and $27.44 at September 30, 2026, up from $31.51 and $27.23 at June 30, 2026 * $2.7 million gain on the sale of an office building in Brooklyn, New York * Partial redemption of subordinated notes of $40 million was completed on July 1, 2026 The Company reported net income of $12.6 million, or $0.74 diluted earnings per share, for the quarter ended September 30, 2026, compared to net income of $10.1 million, or $0.59 diluted earnings per share, for the quarter ended June 30, 2026.
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