RBB Bancorp Earnings Call Transcripts
Fiscal Year 2026
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Q2 2026 net income rose 13% year-over-year to $10.1 million, with strong loan originations and deposit growth. Credit quality improved, capital actions included debt redemption and a new share repurchase program, and expansion into Northern California is expected to drive further growth.
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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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Fourth quarter 2025 saw strong loan and deposit growth, improved credit quality, and stable profitability, with net income more than doubling year-over-year. The outlook for 2026 is positive, with expectations for continued loan growth, stable expenses, and further resolution of non-performing assets.
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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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Net income fell to $2.3M as strategic actions reduced non-performing assets by 20% and net exposure by 32%. Loan growth and margin expansion continued, with strong pipelines and stable capital ratios. A share buyback is under consideration, and further NPL reductions are targeted for 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 a slight decline in net interest margin due to increased non-performing loans. Wholesale funding reliance dropped, capital ratios remain strong, and management expects improved loan growth and margin in the second half.