RBB Bancorp Reports $10.1 Million Net Income for Q2 2026

RBB Bancorp reported a net income of $10.1 million for the second quarter of 2026, translating to a diluted earnings per share of $0.59. This marks a decrease from the previous quarter's net income of $11.3 million and an increase from $9.3 million in the same quarter last year. The company's total interest and dividend income rose to $57.2 million, up from $54.2 million a year earlier, driven primarily by an increase in loan interest income. However, the net interest income after accounting for credit losses was $30.1 million, slightly down from $30.5 million in the first quarter of 2026.

In terms of financial position, RBB Bancorp's total assets increased to $4.3 billion as of June 30, 2026, up from $4.2 billion at the end of 2025. This growth was largely attributed to a $70.7 million increase in cash and cash equivalents, which was partly held in anticipation of a $40 million redemption of subordinated notes scheduled for July 1, 2026. Total deposits also saw a rise, reaching $3.4 billion, an increase of $40.2 million from the previous period, primarily due to a significant uptick in noninterest-bearing deposits.

Operationally, the bank's loan portfolio showed a slight decrease, with loans held for investment totaling $3.3 billion, down from $3.3 billion at the end of 2025. The decline was driven by reductions in commercial real estate and construction loans, although single-family residential mortgages and commercial and industrial loans saw increases. The allowance for loan losses stood at $43.7 million, representing 1.32% of total loans, consistent with the previous quarter.

Strategically, RBB Bancorp has been active in managing its capital structure, with total shareholders' equity increasing to $535.2 million, up from $523.4 million at the end of 2025. This growth was supported by net income and stock-based compensation activities, despite common stock repurchases totaling $4.5 million and cash dividends paid of $5.5 million during the first half of 2026. The bank's capital ratios remain strong, with a common equity tier 1 risk-based capital ratio of 18.0% as of June 30, 2026, well above regulatory requirements.

Looking ahead, RBB Bancorp anticipates continued focus on managing its loan portfolio and maintaining strong capital ratios. The bank's management remains vigilant regarding market conditions and credit quality, particularly in light of potential economic fluctuations. The company is committed to leveraging its minority depository institution status to enhance its service offerings and support for the communities it serves.