RBB Bancorp 8-K, filed Jul 20, 2026

RBB Bancorp (RBB)

8-K 2026-07-20 For: 2026-07-20

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Added on July 20, 2026

About this 8-K

RBB Bancorp filed this 8-K on July 20, 2026.

Items reported

Item 2.02: Financial results
Item 7.01: Regulation FD disclosure
Item 8.01: Other events
Item 9.01: Financial statements and exhibits

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California	001-38149	27-2776416
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

1055 Wilshire Blvd., 12^th floor, Los Angeles, California		90017
(Address of Principal Executive Offices)		(Zip Code)

Title of each class		Trading Symbol(s)		Name of exchange on which registered
Common Stock, No Par Value		RBB		NASDAQ Global Select Market

(d)		Exhibits.

99.1		Press Release, dated July 20, 2026, announcing the financial results of RBB Bancorp for the quarter ended June 30, 2026 and declaration of a quarterly cash dividend of $0.16 per common share

99.2		Presentation Materials

104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

	RBB BANCORP (Registrant)

Date: July 20, 2026	By:	/s/ Lynn Hopkins
		Lynn Hopkins
		Chief Financial Officer

	●	Net income totaled $10.1 million, or $0.59 diluted earnings per share
	●	Return on average assets of 0.97%, compared to 1.09% for the prior quarter
	●	Net interest margin of 3.06%, down from 3.15% for the prior quarter
	●	Nonperforming assets of $43.6 million, a $5.3 million, or 10.8%, decrease compared to prior quarter end
	●	Book value and tangible book value per share⁽¹⁾ increased to $31.51 and $27.23 at June 30, 2026, up from $31.10 and $26.84 at March 31, 2026
	●	Announced new common stock repurchase plan for up to 1 million shares through June 30, 2028
	●	Announced partial redemption of subordinated notes of $40 million which was completed on July 1, 2026

	For the Three Months Ended June 30, 2026									For the Six Months Ended June 30, 2026
*(dollars in thousands)*	Allowance for loan losses			Reserve for unfunded loan commitments			Allowance for credit losses			Allowance for loan losses			Reserve for unfunded loan commitments			Allowance for credit losses
Beginning balance	$	43,666		$	484		$	44,150		$	43,888		$	484		$	44,372
Provision for/(reversal of) credit losses		77			(77	)		—			(123	)		(77	)		(200	)
Less loans charged-off		(119	)		—			(119	)		(146	)		—			(146	)
Recoveries on loans charged-off		36			—			36			41			—			41
Ending balance	$	43,660		$	407		$	44,067		$	43,660		$	407		$	44,067

	June 30,			March 31,			December 31,			September 30,			June 30,
	2026			2026			2025			2025			2025
Assets
Cash and due from banks	$	25,363		$	23,893		$	27,086		$	24,251		$	27,338
Interest-earning deposits with financial institutions		257,652			173,017			185,231			210,679			164,514
Cash and cash equivalents		283,015			196,910			212,317			234,930			191,852
Interest-earning time deposits with financial institutions		600			600			600			600			600
Investment securities available for sale		407,160			415,789			407,204			410,631			413,142
Investment securities held to maturity		4,181			4,182			4,184			4,185			4,186
Loans held for sale		—			—			2,067			756			—
Loans held for investment		3,309,459			3,325,232			3,314,301			3,302,577			3,234,695
Allowance for loan losses		(43,660	)		(43,666	)		(43,888	)		(44,892	)		(51,014	)
Net loans held for investment		3,265,799			3,281,566			3,270,413			3,257,685			3,183,681
Premises and equipment, net		22,868			23,204			23,540			23,851			23,945
Federal Home Loan Bank (FHLB) stock		15,000			15,000			15,000			15,000			15,000
Cash surrender value of bank owned life insurance		62,841			62,403			61,972			61,538			61,111
Goodwill		71,498			71,498			71,498			71,498			71,498
Servicing assets		5,864			5,834			6,041			6,252			6,482
Core deposit intangibles		1,078			1,204			1,338			1,495			1,667
Right-of-use assets		22,068			22,601			23,026			24,305			25,554
Accrued interest and other assets		113,030			93,521			109,094			95,729			91,322
Total assets	$	4,275,002		$	4,194,312		$	4,208,294		$	4,208,455		$	4,090,040
Liabilities and shareholders' equity
Deposits:
Noninterest-bearing demand	$	591,556		$	526,882		$	526,538		$	550,488		$	543,885
Savings, NOW and money market accounts		1,191,198			1,175,735			956,299			721,697			691,679
Time deposits, $250,000 and under		815,528			863,717			974,670			1,119,258			1,010,674
Time deposits, greater than $250,000		792,359			773,550			892,891			975,054			941,993
Total deposits		3,390,641			3,339,884			3,350,398			3,366,497			3,188,231
FHLB advances		160,000			130,000			130,000			130,000			180,000
Long-term debt, net of issuance costs		120,000			120,000			119,911			119,815			119,720
Subordinated debentures		15,484			15,429			15,375			15,320			15,265
Lease liabilities - operating leases		23,836			24,379			24,800			26,066			27,294
Accrued interest and other liabilities		29,864			33,566			44,400			36,422			41,877
Total liabilities		3,739,825			3,663,258			3,684,884			3,694,120			3,572,387
Shareholders' equity:
Common stock		250,590			251,050			250,694			250,362			259,863
Additional paid-in capital		3,004			3,649			3,941			3,734			3,579
Retained earnings		296,119			290,566			282,024			274,608			270,152
Non-controlling interest		72			72			72			72			72
Accumulated other comprehensive loss, net		(14,608	)		(14,283	)		(13,321	)		(14,441	)		(16,013	)
Total shareholders' equity		535,177			531,054			523,410			514,335			517,653
Total liabilities and shareholders’ equity	$	4,275,002		$	4,194,312		$	4,208,294		$	4,208,455		$	4,090,040

	For the Three Months Ended								For the Six Months Ended
	June 30, 2026			March 31, 2026			June 30, 2025		June 30, 2026			June 30, 2025
Interest and dividend income:
Interest and fees on loans	$	50,663		$	49,938		$	47,687	$	100,601		$	93,308
Interest on interest-earning deposits		1,708			1,883			1,750		3,591			3,764
Interest on investment securities		4,259			3,969			4,213		8,228			8,349
Dividend income on FHLB stock		222			760			324		982			654
Interest on federal funds sold and other		307			253			231		560			466
Total interest and dividend income		57,159			56,803			54,205		113,962			106,541
Interest expense:
Interest on savings deposits, NOW and money market accounts		9,197			7,347			4,567		16,544			9,035
Interest on time deposits		14,397			16,221			19,250		30,618			38,334
Interest on long-term debt and subordinated debentures		2,428			1,599			1,634		4,027			3,266
Interest on FHLB advances		1,051			1,133			1,420		2,184			2,409
Total interest expense		27,073			26,300			26,871		53,373			53,044
Net interest income before (reversal of)/provision for credit losses		30,086			30,503			27,334		60,589			53,497
(Reversal of)/provision for credit losses		—			(200	)		2,387		(200	)		9,133
Net interest income after (reversal of)/provision for credit losses		30,086			30,703			24,947		60,789			44,364
Noninterest income:
Service charges and fees		1,104			1,032			1,060		2,136			2,077
Gain on sale of loans		964			324			358		1,288			439
Loan servicing fees, net of amortization		533			504			541		1,037			1,129
Increase in cash surrender value of life insurance		438			431			411		869			814
(Loss)/gain on OREO		(221	)		890			—		669			—
Other income		200			1,070			6,108		1,270			6,314
Total noninterest income		3,018			4,251			8,478		7,269			10,773
Noninterest expense:
Salaries and employee benefits		11,045			11,261			11,080		22,306			21,723
Occupancy and equipment expenses		2,449			2,511			2,377		4,960			4,784
Data processing		1,690			1,708			1,713		3,398			3,315
Legal and professional		1,311			1,503			2,904		2,814			4,419
Office expenses		377			359			405		736			813
Marketing and business promotion		178			215			212		393			409
Insurance and regulatory assessments		746			749			709		1,495			1,439
Core deposit premium		127			134			172		261			344
Other expenses		1,099			818			921		1,917			1,769
Total noninterest expense		19,022			19,258			20,493		38,280			39,015
Income before income taxes		14,082			15,696			12,932		29,778			16,122
Income tax expense		3,942			4,396			3,599		8,338			4,499
Net income	$	10,140		$	11,300		$	9,333	$	21,440		$	11,623

Net income per share
Basic	$	0.60		$	0.66		$	0.53	$	1.26		$	0.66
Diluted	$	0.59		$	0.66		$	0.52	$	1.25		$	0.65
Cash dividends declared per common share	$	0.16		$	0.16		$	0.16	$	0.32		$	0.32
Weighted-average common shares outstanding
Basic		17,011,624			17,063,757			17,746,607		17,037,546			17,737,212
Diluted		17,141,742			17,174,526			17,797,735		17,158,043			17,784,237

	For the Six Months Ended June 30,
	2026							2025
	Average		Interest		Yield /			Average		Interest		Yield /
(tax-equivalent basis, dollars in thousands)	Balance		& Fees		Rate			Balance		& Fees		Rate
Interest-earning assets
Cash and cash equivalents ⁽¹⁾	$	205,033	$	4,151		4.08	%	$	178,953	$	4,230		4.77	%
FHLB Stock		15,000		982		13.20	%		15,000		654		8.79	%
Securities
Available for sale ⁽²⁾		411,941		8,200		4.01	%		394,822		8,302		4.24	%
Held to maturity ⁽²⁾		4,182		76		3.66	%		5,108		97		3.83	%
Total loans ⁽³⁾		3,306,068		100,601		6.14	%		3,125,652		93,308		6.02	%
Total interest-earning assets		3,942,224	$	114,010		5.83	%		3,719,535	$	106,591		5.78	%
Total noninterest-earning assets		265,264							257,250
Total average assets	$	4,207,488						$	3,976,785

Interest-bearing liabilities
NOW	$	78,687	$	877		2.25	%	$	64,004	$	689		2.17	%
Money market		542,623		7,983		2.97	%		473,109		7,399		3.15	%
Saving deposits		515,564		7,684		3.01	%		148,225		947		1.29	%
Time deposits, $250,000 and under		881,380		15,634		3.58	%		992,954		19,815		4.02	%
Time deposits, greater than $250,000		806,692		14,984		3.75	%		893,832		18,519		4.18	%
Total interest-bearing deposits		2,824,946		47,162		3.37	%		2,572,124		47,369		3.71	%
FHLB advances		123,370		2,184		3.57	%		168,011		2,409		2.89	%
Long-term debt		119,973		3,407		5.73	%		119,610		2,591		4.37	%
Subordinated debentures		15,421		620		8.11	%		15,203		675		8.95	%
Total borrowings		258,764		6,211		4.84	%		302,824		5,675		3.78	%
Total interest-bearing liabilities		3,083,710		53,373		3.49	%		2,874,948		53,044		3.72	%
Noninterest-bearing liabilities
Noninterest-bearing deposits		530,980							523,145
Other noninterest-bearing liabilities		61,895							65,711
Total noninterest-bearing liabilities		592,875							588,856
Shareholders' equity		530,903							512,981
Total liabilities and shareholders' equity	$	4,207,488						$	3,976,785
Net interest income / interest rate spreads			$	60,637		2.34	%			$	53,547		2.06	%
Net interest margin						3.10	%						2.90	%

Total cost of deposits	$	3,355,926	$	47,162		2.83	%	$	3,095,269	$	47,369		3.09	%
Total cost of funds	$	3,614,690	$	53,373		2.98	%	$	3,398,093	$	53,044		3.15	%

	At or for the Three Months Ended									At or for the Six Months Ended June 30,
	June 30,			March 31,			June 30,
	2026			2026			2025			2026			2025
Per share data (common stock)
Book value	$	31.51		$	31.10		$	29.25		$	31.51		$	29.25
Tangible book value ⁽¹⁾	$	27.23		$	26.84		$	25.11		$	27.23		$	25.11
Performance ratios
Return on average assets, annualized		0.97	%		1.09	%		0.93	%		1.03	%		0.59	%
Return on average shareholders' equity, annualized		7.64	%		8.66	%		7.29	%		8.14	%		4.57	%
Return on average tangible common equity, annualized ⁽¹⁾		8.85	%		10.04	%		8.50	%		9.44	%		5.33	%
Noninterest income to average assets, annualized		0.29	%		0.41	%		0.85	%		0.35	%		0.55	%
Noninterest expense to average assets, annualized		1.81	%		1.86	%		2.05	%		1.83	%		1.98	%
Yield on average earning assets		5.81	%		5.86	%		5.79	%		5.83	%		5.78	%
Yield on average loans		6.13	%		6.14	%		6.03	%		6.14	%		6.02	%
Cost of average total deposits ⁽²⁾		2.81	%		2.86	%		3.05	%		2.83	%		3.09	%
Cost of average interest-bearing deposits		3.34	%		3.39	%		3.66	%		3.37	%		3.71	%
Cost of average interest-bearing liabilities		3.52	%		3.46	%		3.71	%		3.49	%		3.72	%
Net interest spread		2.29	%		2.40	%		2.08	%		2.34	%		2.06	%
Net interest margin		3.06	%		3.15	%		2.92	%		3.10	%		2.90	%
Efficiency ratio ⁽³⁾		57.46	%		55.41	%		57.22	%		56.41	%		60.70	%
Common stock dividend payout ratio		26.67	%		24.24	%		30.19	%		25.40	%		48.48	%

(1)	Non-GAAP measure. See Non–GAAP reconciliations set forth at the end of this press release.
(2)	Total deposits include noninterest-bearing deposits and interest-bearing deposits.

	At or for the quarter ended
	June 30,			March 31,			June 30,
	2026			2026			2025
Credit Quality Data:
Special mention loans	$	20,275		$	24,778		$	91,317
Special mention loans to total loans HFI		0.61	%		0.75	%		2.82	%
Substandard loans HFI	$	61,529		$	72,494		$	91,019
Substandard loans HFI to total loans HFI		1.86	%		2.18	%		2.81	%
Loans 30-89 days past due, excluding nonperforming loans	$	8,970		$	7,911		$	18,003
Loans 30-89 days past due, excluding nonperforming loans, to total loans		0.27	%		0.24	%		0.56	%

Nonperforming loans HFI	$	23,759		$	44,568		$	56,817
OREO (included in "accrued interest and other assets")		19,820			4,268			4,170
Nonperforming assets	$	43,579		$	48,836		$	60,987
Nonperforming loans to total loans HFI		0.72	%		1.34	%		1.76	%
Nonperforming assets to total assets		1.02	%		1.16	%		1.49	%

Allowance for loan losses	$	43,660		$	43,666		$	51,014
Allowance for loan losses to total loans HFI		1.32	%		1.31	%		1.58	%
Allowance for loan losses to nonperforming loans HFI		183.76	%		97.98	%		89.79	%
Net charge-offs	$	83		$	22		$	3,305
Net charge-offs to average loans		0.01	%		0.00	%		0.42	%

Capitalratios ⁽¹⁾
Tangible common equity to tangible assets ⁽²⁾		11.01	%		11.12	%		11.07	%
Tier 1 leverage ratio		11.86	%		11.77	%		12.04	%
Tier 1 common capital to risk-weighted assets		18.00	%		17.85	%		17.61	%
Tier 1 capital to risk-weighted assets		18.57	%		18.41	%		18.17	%
Total capital to risk-weighted assets		23.44	%		24.20	%		24.00	%

(1)	June 30, 2026 capital ratios are preliminary.
(2)	Non-GAAP measure. See non-GAAP reconciliations set forth at the end of this press release.

Loan Portfolio Detail	As of June 30, 2026				As of March 31, 2026						As of June 30, 2025
*(dollars in thousands)*	$		%		$			%			$			%
Loans:
Single-family residential mortgages	$	1,680,635	50.8	%	$	1,682,728			50.6	%	$	1,603,114			49.6	%
Commercial real estate ⁽¹⁾		1,277,559	38.6	%		1,274,105			38.3	%		1,273,442			39.4	%
Construction and land development		146,273	4.4	%		159,292			4.8	%		157,970			4.9	%
Commercial and industrial		151,961	4.6	%		152,911			4.6	%		138,263			4.3	%
SBA		49,667	1.5	%		52,279			1.6	%		55,984			1.7	%
Other loans		3,364	0.1	%		3,917			0.1	%		5,922			0.1	%
Total loans held for investment	$	3,309,459	100.0	%	$	3,325,232			100.0	%	$	3,234,695			100.0	%
Allowance for loan losses		(43,660)				(43,666	)					(51,014	)
Total loans held for investment, net	$	3,265,799			$	3,281,566					$	3,183,681

Deposits	As of June 30, 2026			As of March 31, 2026					As of June 30, 2025
*(dollars in thousands)*	$		%	$		%			$		%
Deposits:
Noninterest-bearing demand	$	591,556	17.5%	$	526,882		15.8	%	$	543,885		17.1	%
Savings, NOW and money market accounts		1,191,198	35.1%		1,175,735		35.2	%		691,679		21.7	%
Time deposits, $250,000 and under		736,102	21.7%		740,429		22.2	%		848,379		26.6	%
Time deposits, greater than $250,000		751,600	22.2%		733,046		21.9	%		920,481		28.8	%
Wholesale deposits ⁽¹⁾		120,185	3.5%		163,792		4.9	%		183,807		5.8	%
Total deposits	$	3,390,641	100.0%	$	3,339,884		100.0	%	$	3,188,231		100.0	%


*(dollars in thousands, except share and per share data)*	June 30, 2026			March 31, 2026			June 30, 2025
Tangible common equity:
Total shareholders' equity	$	535,177		$	531,054		$	517,653
Adjustments
Goodwill		(71,498	)		(71,498	)		(71,498	)
Core deposit intangible		(1,078	)		(1,204	)		(1,667	)
Tangible common equity	$	462,601		$	458,352		$	444,488
Tangible assets:
Total assets-GAAP	$	4,275,002		$	4,194,312		$	4,090,040
Adjustments
Goodwill		(71,498	)		(71,498	)		(71,498	)
Core deposit intangible		(1,078	)		(1,204	)		(1,667	)
Tangible assets	$	4,202,426		$	4,121,610		$	4,016,875
Common shares outstanding		16,985,919			17,074,159			17,699,091
Common equity to assets ratio		12.52	%		12.66	%		12.66	%
Tangible common equity to tangible assets ratio		11.01	%		11.12	%		11.07	%
Book value per share	$	31.51		$	31.10		$	29.25
Tangible book value per share	$	27.23		$	26.84		$	25.11

	Three Months Ended									Six Month Ended June 30,
*(dollars in thousands)*	June 30, 2026			March 31, 2026			June 30, 2025			2026			2025
Net income available to common shareholders	$	10,140		$	11,300		$	9,333		$	21,440		$	11,623

Average shareholders' equity		532,409			529,382			513,691			530,903			512,981
Adjustments:
Average goodwill		(71,498	)		(71,498	)		(71,498	)		(71,498	)		(71,498	)
Average core deposit intangible		(1,161	)		(1,288	)		(1,780	)		(1,224	)		(1,865	)
Adjusted average tangible common equity	$	459,750		$	456,596		$	440,413		$	458,181		$	439,618
Return on average common equity, annualized		7.64	%		8.66	%		7.29	%		8.14	%		4.57	%
Return on average tangible common equity, annualized		8.85	%		10.04	%		8.50	%		9.44	%		5.33	%

	Three Months Ended									Six Month Ended June 30,
(dollars in thousands)		June 30, 2026			March 31, 2026			June 30, 2025			2026			2025
Net interest income before (reversal of)/provision for credit losses	$	30,086		$	30,503		$	27,334		$	60,589		$	53,497
Add: Noninterest income		3,018			4,251			8,478			7,269			10,773
Less: Noninterest expense		(19,022	)		(19,258	)		(20,493	)		(38,280	)		(39,015	)
Pre-tax pre-provision income	$	14,082		$	15,496		$	15,319		$	29,578		$	25,255