RBB Bancorp Earnings Call Transcripts
Fiscal Year 2026
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Net income rose 11% sequentially to $11.3 million, with record earnings and a 3.15% Net Interest Margin. Loan growth was modest, but credit quality improved and retail deposits increased, while efficiency and capital ratios remained strong.
Fiscal Year 2025
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Q4 2025 saw strong loan and deposit growth, improved credit quality, and stable profitability, with net income more than doubling year-over-year. Management expects continued high single-digit loan growth, stable expenses, and further credit improvement in 2026.
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Q3 2025 net income rose 9% sequentially and 45% year-over-year, driven by loan growth, margin expansion, and improved credit quality. Non-performing loans and expenses declined, while capital and liquidity remained strong. Margin expansion and disciplined growth are expected to continue.
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Q2 2025 net income reached $9.3M, boosted by a tax credit refund, with adjusted net income at $6.5M. Loan growth remained strong, NPLs declined, and deposit growth outpaced expectations. Capital and liquidity remain robust, with a focus on credit quality and expense normalization.
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Q1 2025 saw net income fall to $2.3M as decisive actions reduced non-performing assets by 20% and net exposure by 32%. Loan growth and margin expansion continued, with strong capital ratios and a share buyback under consideration. Asset quality resolution is targeted by H2 2025.
Fiscal Year 2024
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Net income fell to $4.4 million in Q4 2024 due to higher credit costs, while net interest margin improved and deposits remained stable. Loan growth is expected to resume, with a focus on resolving non-performing assets and maintaining strong capital.
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Q3 net income was $7M with stable EPS, loan and deposit growth, and a slight NIM increase. Non-performing loans rose but are expected to resolve by mid-2025, while regulatory issues were addressed and capital remains strong.
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Q2 2024 net income was $7.2M ($0.39/share) with modest loan growth and stable funding costs. Non-performing loans rose, but management expects resolution without material loss. Loan growth and margin are expected to improve in the second half of 2024.