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Get filing alertsRBB Bancorp Q2 earnings fall 11% to $10.1M as NIM compresses; redeems $40M high-cost debt
Filed July 20, 2026 · Period ending July 20, 2026 · ~1 min read
Key Changes
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Net income declined to $10.1M ($0.59/share) from $11.3M ($0.66/share) in Q1 2026, with net interest margin compressing 9bp to 3.06% due to higher subordinated debt costs after rate reset and lower FHLB dividend income.
Item 2.02 verify on EDGAR → -
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Redeemed $40M of subordinated notes at par plus interest (~$40.7M total) on July 1, 2026, eliminating debt that had reset from 4.00% fixed to 6.98% floating; remaining $80M reset to 7.02%.
Exhibit 99.1 view on EDGAR → -
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Nonperforming loans fell $20.8M to $23.8M (0.72% of loans) from $44.6M (1.34%) in Q1, including $19.4M transferred to OREO; allowance coverage of NPLs strengthened to 184% from 98%.
Exhibit 99.1 view on EDGAR → -
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Deposits grew $50.8M to $3.4B, driven by $94.4M retail inflow (including $64.7M noninterest-bearing demand deposits) while wholesale deposits declined $43.6M; noninterest-bearing deposits now 17.5% of total.
Exhibit 99.1 view on EDGAR → -
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Board declared $0.16 per share quarterly dividend payable August 11, 2026 to shareholders of record July 31, 2026, and authorized repurchase of up to 1M shares through June 30, 2028.
Item 8.01 verify on EDGAR →
Summary
RBB Bancorp's second quarter results show profitability under pressure from higher funding costs, with net income falling 11% sequentially to $10.1 million as net interest margin compressed 9 basis points to 3.06%.
The margin squeeze reflects the April 1 reset of $120 million in subordinated notes from 4.00% fixed to floating rates near 7%, a cost the bank moved to address by redeeming $40 million of the notes at par on July 1. The redemption eliminates a meaningful drag on future earnings, though the remaining $80 million continues to carry a 7.02% rate.
Credit quality improved materially, with nonperforming loans dropping $20.8 million to $23.8 million (0.72% of loans) as the bank transferred $19.4 million to OREO and saw $1.3 million in payoffs. The allowance now covers NPLs at 184%, up from 98% last quarter. Deposit growth of $50.8 million was driven entirely by retail inflows, including $64.7 million in noninterest-bearing demand deposits, while the bank shed $43.6 million in wholesale funding. The Board's dividend and new 1 million share buyback authorization signal confidence in capital levels post-redemption.
Section-by-Section Diff
Event · Exhibit 99.1
RBB Bancorp reported Q2 2026 net income of $10.1M ($0.59/share), declared $0.16 dividend, announced 1M share buyback, and redeemed $40M subordinated notes.
Added in current filing · view on EDGAR →
The Company reported net income of $10.1 million, or $0.59 diluted earnings per share, for the quarter ended June 30, 2026, compared to net income of $11.3 million, or $0.66 diluted earnings per share, for the quarter ended March 31, 2026.
RBB Bancorp's Q2 2026 net income declined to $10.1 million from $11.3 million in Q1 2026, with diluted EPS falling from $0.66 to $0.59. Return on average assets decreased to 0.97% from 1.09%, and net interest margin compressed 9 basis points to 3.06% from 3.15%, driven by higher subordinated debt costs after repricing and lower FHLB dividend income.
Added in current filing · view on EDGAR →
Nonperforming assets totaled $43.6 million, or 1.02% of total assets, at June 30, 2026, down from $48.8 million, or 1.16% of total assets, at March 31, 2026, and down from $61.0 million, or 1.49% of total assets, at June 30, 2025. ... Nonperforming loans (“NPLs”) totaled $23.8 million, or 0.72% of total loans, at June 30, 2026, down $20.8 million from $44.6 million, or 1.34% of total loans, at March 31, 2026
Credit quality improved materially in Q2 2026. Nonperforming assets fell $5.2 million to $43.6 million (1.02% of assets), while nonperforming loans dropped $20.8 million to $23.8 million (0.72% of loans). The decrease included $19.4 million transferred to OREO, $1.3 million in payoffs, and $1.3 million upgraded to performing. The allowance for loan losses coverage of NPLs strengthened to 183.76% from 97.98%.
Added in current filing · view on EDGAR →
Total deposits were $3.4 billion as of June 30, 2026, an increase of $50.8 million, or 6.1% annualized, compared to March 31, 2026 and an increase of $202.4 million, or 6.3%, compared to June 30, 2025. The increase in total deposits during the second quarter of 2026 was due to a $94.4 million increase in retail deposits, offset by a $43.6 million decrease in wholesale deposits. The increase in retail deposits included a $64.7 million increase in demand deposits and a $15.5 million increase in non-maturity interest-bearing accounts. Noninterest-bearing deposits totaled $591.6 million, or 17.5% of total deposits, at June 30, 2026, an increase of $64.7 million compared to March 31, 2026
Total deposits grew $50.8 million in Q2 2026 to $3.4 billion, driven by $94.4 million in retail deposit growth (including $64.7 million in noninterest-bearing demand deposits) while wholesale deposits declined $43.6 million. Noninterest-bearing deposits reached $591.6 million (17.5% of total deposits), up from $526.9 million in Q1. The period-end weighted average deposit rate declined to 2.75% from 2.79%.
Event · Item 8.01 — Other Events
Item 8.01 — Other Events filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
its Board of Directors declared a cash dividend of $0.16 per share of its common stock, payable on August 11, 2026, to common shareholders of record as of July 31, 2026
RBB Bancorp's Board declared a quarterly cash dividend of $0.16 per common share. The dividend will be paid on August 11, 2026 to shareholders of record as of July 31, 2026. This represents a routine return of capital to shareholders.
Event · Item 7.01 — Regulation FD Disclosure
RBB Bancorp announced a conference call for July 21, 2026 to discuss Q2 2026 financial results and posted presentation materials on its website.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
On July 21, 2026, the Company will hold a conference call to discuss its financial results for the quarter ended June 30, 2026, and other matters relating to the Company. The Company has also made available on its website, www.royalbusinessbankusa.com, presentation materials containing certain historical and forward-looking information relating to the Company
RBB Bancorp scheduled a conference call for July 21, 2026 to discuss second quarter 2026 financial results. The company also published presentation materials on its website containing historical and forward-looking information. This is a routine disclosure under Regulation FD to ensure fair public access to material information.
Event · Item 2.02 — Results of Operations and Financial Condition
RBB Bancorp disclosed Q2 2026 financial results via press release and announced a quarterly conference call and webcast.
Added in current filing · verify on EDGAR →
On July 20, 2026, RBB Bancorp (the “Company”) issued a press release setting forth the financial results for the quarter ended June 30, 2026, and information relating to the Company’s quarterly conference call and webcast.
RBB Bancorp announced its financial results for the second quarter ended June 30, 2026. The press release also provides details about the company's quarterly conference call and webcast for investors and analysts. The actual financial metrics are contained in the attached press release exhibit.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 21, 2026 · How we verify