RBB Bancorp reported a net income of $10.1 million, or $0.59 per diluted share, for the third quarter of 2025, reflecting an increase from $9.3 million, or $0.52 per diluted share, in the previous quarter and $7.0 million, or $0.39 per diluted share, in the same quarter last year. The rise in profitability was attributed to higher net interest income, which increased to $29.3 million from $27.3 million in the prior quarter, driven by a $3.2 million increase in interest income primarily from loans. The provision for credit losses was $625,000, significantly lower than the $2.4 million recorded in the previous quarter and $3.3 million in the same quarter last year, indicating improved credit quality.

Total assets for RBB Bancorp reached $4.2 billion as of September 30, 2025, an increase of $216 million from the end of 2024. This growth was primarily fueled by a $249.3 million increase in gross loans held for investment, which totaled $3.3 billion. The bank's total deposits also rose by $282.7 million to $3.4 billion, with a notable increase in interest-bearing deposits. The gross loan-to-deposit ratio stood at 98.1%, down from 99.4% at the end of 2024, reflecting a strategic focus on maintaining liquidity.

Operationally, RBB Bancorp's nonperforming assets decreased to $54.3 million, or 1.29% of total assets, down from $61.0 million, or 1.49% of total assets, in the previous quarter. The decline was attributed to $7.0 million in charge-offs and upgrades of loans to performing status. The allowance for credit losses totaled $45.4 million, down from $51.6 million at the end of the previous quarter, with the allowance as a percentage of loans held for investment decreasing to 1.36%.

In terms of strategic developments, RBB Bancorp repurchased 659,218 shares of common stock at an average price of $18.75 during the third quarter, as part of a broader stock repurchase program authorized by the Board of Directors. The company also declared a cash dividend of $0.16 per share, payable on November 12, 2025. Looking ahead, RBB Bancorp remains focused on maintaining its minority depository institution designation and expanding its services to Asian-centric communities across its 24 branches in key markets, including California, New York, and Hawaii.

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.

This description was generated via AI from an annual report. Updated 9 months ago.

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