RBB Bancorp reported a net income of $11.3 million, or $0.66 per diluted share, for the first quarter of 2026, reflecting a significant increase from the $10.2 million, or $0.60 per diluted share, reported in the previous quarter and a substantial rise from $2.3 million, or $0.13 per diluted share, in the same quarter last year. The increase in profitability was attributed to higher net interest income, a reversal in credit loss provisions, and increased noninterest income. Total interest and dividend income for the quarter was $56.8 million, slightly down from $57.2 million in the prior quarter but up from $52.3 million year-over-year. Interest expense decreased to $26.3 million from $27.7 million in the previous quarter, contributing to a net interest income of $30.5 million, up from $29.5 million in the fourth quarter of 2025.
In terms of operational metrics, RBB Bancorp's total assets decreased to $4.2 billion as of March 31, 2026, down from $4.2 billion at the end of 2025. The decline was primarily due to a $15.4 million decrease in cash and cash equivalents, offset by a $10.9 million increase in gross loans held for investment (HFI), which totaled $3.3 billion. Total deposits also saw a slight decrease to $3.3 billion, driven by a $61.9 million drop in wholesale deposits, although retail deposits increased by $51.4 million. The gross loan-to-deposit ratio stood at 99.6%, compared to 99.0% at the end of the previous quarter.
RBB Bancorp's strategic focus on enhancing its loan portfolio is evident, with single-family residential mortgages comprising 50.6% of total loans HFI as of March 31, 2026. The company reported a $27.4 million increase in these loans during the quarter. However, commercial real estate loans decreased by $28.9 million, reflecting higher payoff activity. The allowance for credit losses totaled $44.2 million, down from $44.4 million at the end of 2025, with the allowance as a percentage of loans HFI at 1.31%.
Looking ahead, RBB Bancorp remains optimistic about its financial performance, supported by a stable economic outlook and improved credit quality trends. The company anticipates continued growth in its loan portfolio, particularly in the single-family residential segment, while managing its credit risk effectively. The board of directors has also declared a cash dividend of $0.16 per share, payable on May 15, 2026, indicating confidence in the company's ongoing profitability and capital management strategies.
About RBB Bancorp
RBB Bancorp is a bank holding company operating primarily through its subsidiary, Royal Business Bank, serving Asian-centric communities with commercial and consumer banking services. It offers loans, deposit accounts, trade finance, and wealth management across key U.S. markets. The company emphasizes community development, strategic growth, and regulatory compliance, focusing on small to middle-market businesses and individuals with a competitive, diversified lending portfolio.
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