RBB Bancorp Reports Second Quarter 2026 Earnings and Declares Quarterly Cash Dividend of $0.16 Per Common Share
RBB Bancorp (NASDAQ:RBB) reported second quarter 2026 net income of $10.1 million, or $0.59 diluted EPS, down from $11.3 million, or $0.66, in the prior quarter.
Rhea-AI Summary
RBB Bancorp (NASDAQ:RBB) reported second quarter 2026 net income of $10.1 million, or $0.59 diluted EPS, down from $11.3 million, or $0.66, in the prior quarter. Return on average assets was 0.97% and net interest margin declined to 3.06% from 3.15% as higher subordinated debt costs offset loan yield stability.
Total assets reached $4.3 billion and deposits rose to $3.4 billion, driven by $94.4 million growth in retail deposits and lower wholesale balances. Credit metrics improved: nonperforming assets fell to $43.6 million (1.02% of assets) and nonperforming loans to $23.8 million (0.72% of loans). Book value and tangible book value per share increased to $31.51 and $27.23, respectively. The Board declared a quarterly cash dividend of $0.16 per share, announced a new repurchase plan for up to 1 million shares through June 30, 2028, and redeemed $40 million of subordinated notes on July 1, 2026 at par plus accrued interest.
Positive
- Net income $10.1M and ROAA 0.97% in Q2 2026
- Book value per share $31.51, tangible book $27.23, both up QoQ
- Nonperforming loans down to $23.8M, 0.72% of total loans
- Total deposits up $50.8M in quarter, with $94.4M retail growth
- New 1M-share buyback authorized through June 30, 2028
- $40M subordinated notes redeemed July 1, 2026 at 100% of principal
Negative
- Net income down from $11.3M to $10.1M QoQ
- Net interest margin compressed 9 bps to 3.06% QoQ
- Noninterest income fell $1.3M to $3.0M QoQ
- Efficiency ratio worsened to 57.46% from 55.41% QoQ
- Effective tax rate higher, estimated 28.0% for 2026 vs. 24.2% for 2025
Details
News Market Reaction – RBB
In the Jul 21 session, RBB declined 0.41%, reflecting a mild negative market reaction. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
- Net income
- $10.1 million
- Second quarter 2026, compared with $11.3 million in Q1 2026
- Diluted EPS
- $0.59
- Second quarter 2026, compared with $0.66 in Q1 2026
- Net interest margin
- 3.06%
- Second quarter 2026, down from 3.15% in Q1 2026
- Nonperforming assets
- $43.6 million
- June 30, 2026, down 10.8% from the prior quarter end
- Quarterly cash dividend
- $0.16 per common share
- Declared for shareholders of record July 31, 2026
- Stock repurchase plan
- Up to 1 million shares
- Through June 30, 2028
- Subordinated notes redemption
- $40.0 million
- Redeemed July 1, 2026
- Total assets
- $4.3 billion
- June 30, 2026
Previous Dividends,earnings Reports
-
Net income, EPS, margin, credit quality, and dividend were reported favorably.
-
Annual earnings growth and shareholder returns contrasted with a negative 24-hour reaction.
-
Net income, margin, loan growth, credit quality, buybacks, and dividend were highlighted.
-
Net income benefited from an Employee Retention Credit alongside margin and credit improvements.
-
Higher credit-loss provisions and loan-related expenses accompanied the negative reaction.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
net interest margin financial
nonperforming assets financial
loan to deposit ratio financial
subordinated notes financial
three-month term SOFR financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
LOS ANGELES, July 20, 2026 (GLOBE NEWSWIRE) -- RBB Bancorp (NASDAQ:RBB) and its bank subsidiary, Royal Business Bank (the “Bank”), collectively referred to herein as the “Company,” announced financial results for the quarter ended June 30, 2026.
Second Quarter 2026 Highlights
- Net income totaled
$10.1 million , or$0.59 diluted earnings per share - Return on average assets of
0.97% , compared to1.09% for the prior quarter - Net interest margin of
3.06% , down from3.15% for the prior quarter - Nonperforming assets of
$43.6 million , a$5.3 million , or10.8% , decrease compared to prior quarter end - Book value and tangible book value per share(1) increased to
$31.51 and$27.23 at June 30, 2026, up from$31.10 and$26.84 at March 31, 2026 - Announced new common stock repurchase plan for up to 1 million shares through June 30, 2028
- Announced partial redemption of subordinated notes of
$40 million which was completed on July 1, 2026
The Company reported net income of
“Our second quarter results reflected the continued strength of our core banking franchise as stable loan yields, strong loan originations and continued growth in retail deposits supported another quarter of solid profitability," said Johnny Lee, President and Chief Executive Officer of RBB Bancorp. "We continued to improve the quality of our funding base through strong retail deposit growth while reducing our cost of deposits. Credit quality continued to improve, with nonperforming assets declining
| (1 | ) | Reconciliations of the non–U.S. generally accepted accounting principles (“GAAP”) measures included at the end of this press release. |
Net Interest Income and Net Interest Margin
Net interest income was
The net interest margin (“NIM”) decreased 9 basis points to
The average total cost of funds increased 4 basis points to
Provision for Credit Losses
There was no provision for credit losses for the second quarter of 2026 compared to a
Noninterest Income
Noninterest income for the second quarter of 2026 was
Noninterest Expense
Noninterest expense for the second quarter of 2026 was
Income Taxes
The effective tax rate was
Balance Sheet
At June 30, 2026, total assets were
Loan and Securities Portfolio
Loans held for investment ("HFI") totaled
As of June 30, 2026, available for sale securities ("AFS") totaled
Deposits
Total deposits were
Credit Quality
Nonperforming assets totaled
Nonperforming loans (“NPLs”) totaled
Substandard loans totaled
Special mention loans totaled
30-89 day delinquent loans, excluding nonperforming loans, totaled
As of June 30, 2026, the allowance for credit losses totaled
| For the Three Months Ended June 30, 2026 | For the Six Months Ended June 30, 2026 | |||||||||||||||||||||||
| (dollars in thousands) | Allowance for loan losses | Reserve for unfunded loan commitments | Allowance for credit losses | Allowance for loan losses | Reserve for unfunded loan commitments | Allowance for credit losses | ||||||||||||||||||
| Beginning balance | $ | 43,666 | $ | 484 | $ | 44,150 | $ | 43,888 | $ | 484 | $ | 44,372 | ||||||||||||
| Provision for/(reversal of) credit losses | 77 | (77 | ) | — | (123 | ) | (77 | ) | (200 | ) | ||||||||||||||
| Less loans charged-off | (119 | ) | — | (119 | ) | (146 | ) | — | (146 | ) | ||||||||||||||
| Recoveries on loans charged-off | 36 | — | 36 | 41 | — | 41 | ||||||||||||||||||
| Ending balance | $ | 43,660 | $ | 407 | $ | 44,067 | $ | 43,660 | $ | 407 | $ | 44,067 | ||||||||||||
Shareholders' Equity
At June 30, 2026, total shareholders' equity was
Dividend Announcement
The Board of Directors has declared a quarterly cash dividend of
Subordinated Notes Redemption
On July 1, 2026, the Company redeemed
Contact:
Lynn Hopkins, Chief Financial Officer
(213) 716-8066
lhopkins@rbbusa.com
Corporate Overview
RBB Bancorp is a community-based financial holding company headquartered in Los Angeles, California. As of June 30, 2026, the Company had total assets of
Conference Call
Management will hold a conference call at 11:00 a.m. Pacific time/2:00 p.m. Eastern time on Tuesday, July 21, 2026, to discuss the Company’s second quarter 2026 financial results.
To listen to the conference call, please dial 1-888-506-0062 or 1-973-528-0011, the Participant ID code is 631029, conference ID RBBQ226. A replay of the call will be made available at 1-877-481-4010 or 1-919-882-2331, the passcode is 54229, approximately one hour after the conclusion of the call and will remain available through August 4, 2026.
The conference call will also be simultaneously webcast over the Internet; please visit our Royal Business Bank website at www.royalbusinessbankusa.com and click on the “Investors” tab to access the call from the site. This webcast will be recorded and available for replay on our website approximately two hours after the conclusion of the conference call.
Disclosure
This press release contains certain non-GAAP financial disclosures, which the Company uses to provide meaningful supplemental information regarding the Company’s operational performance and to enhance investors’ overall understanding of such financial performance. Please refer to the tables at the end of this press release for a presentation of performance ratios in accordance with GAAP and a reconciliation of the non-GAAP financial measures to the GAAP financial measures.
Safe Harbor
Certain matters set forth herein (including the exhibits hereto) constitute forward-looking statements relating to the Company’s current business plans and expectations and our future financial position and operating results. These forward-looking statements are subject to risks and uncertainties that could cause actual results, performance and/or achievements to differ materially from those projected. These risks and uncertainties include, but are not limited to, business and economic conditions generally and in the financial services industry, nationally and within our current and future geographic markets, including the tight labor market, ineffective management of the United States (“U.S.”) federal budget or debt or turbulence or uncertainly in domestic or foreign financial markets; the strength of the U.S. economy in general and the strength of the local economies in which we conduct operations; adverse developments in the banking industry highlighted by high-profile bank failures and the potential impact of such developments on customer confidence, liquidity and regulatory responses to these developments; federal government shutdowns and uncertainty regarding the federal government’s debt limit; possible additional provisions for credit losses and charge-offs; credit risks of lending activities and deterioration in asset or credit quality; extensive laws and regulations and supervision that we are subject to, including potential supervisory action by bank supervisory authorities; compliance with the Bank Secrecy Act and other money laundering statutes and regulations; potential goodwill impairment; liquidity risk; failure to comply with debt covenants; risks associated with acquisitions and the expansion of our business into new markets; inflation and deflation; real estate market conditions and the value of real estate collateral; the effects of having concentrations in our loan portfolio, including commercial real estate and the risks of geographic and industry concentrations; environmental liabilities; our ability to compete with larger competitors; our ability to retain key personnel; successful management of reputational risk; severe weather, natural disasters, earthquakes, fires, or other adverse external events could harm our business; geopolitical conditions, including acts or threats of terrorism, actions taken by the U.S. or other governments in response to acts or threats of terrorism and/or military conflicts, including the war between Russia and Ukraine, conflict in the Middle East, and increasing tensions between China and Taiwan, which could impact business and economic conditions in the U.S. and abroad; tariffs, trade policies, and related tensions, which could impact our clients, specific industry sectors, and/or broader economic conditions and financial market; public health crises and pandemics, and their effects on the economic and business environments in which we operate, including our credit quality and business operations, as well as the impact on general economic and financial market conditions; general economic or business conditions in Asia, and other regions where the Bank has operations; failures, interruptions, or security breaches of our information systems; climate change, including any enhanced regulatory, compliance, credit and reputational risks and costs; cybersecurity threats and the cost of defending against them; our ability to adapt our systems to the expanding use of technology in banking; risk management processes and strategies; the impact of regulatory enforcement actions, if any; certain provisions in our charter and bylaws that may affect acquisition of the Company; changes in tax laws and regulations; the impact of governmental efforts to restructure the U.S. financial regulatory system and increased costs of compliance and other risks associated with changes in regulation, including any amendments to the Dodd-Frank Wall Street Reform and Consumer Protection Act; the impact of changes in the Federal Deposit Insurance Corporation (“FDIC”) insurance assessment rate and the rules and regulations related to the calculation of the FDIC insurance assessments; the effect of changes in accounting policies and practices or accounting standards, as may be adopted from time-to-time by bank regulatory agencies, the U.S. Securities and Exchange Commission (“SEC”), the Public Company Accounting Oversight Board, the Financial Accounting Standards Board (FASB) or other accounting standards setters; fluctuations in the Company’s stock price; restrictions on dividends and other distributions by laws and regulations and by our regulators and our capital structure; our ability to raise additional capital, if needed, and the potential resulting dilution of interests of holders of our common stock; the soundness of other financial institutions; our ongoing relations with our various federal and state regulators, including the SEC, FDIC, Federal Reserve Bank, California Department of Financial Protection and Innovation, and Consumer Financial Protection Bureau; our success at managing the risks involved in the foregoing items and all other factors set forth in the Company’s public reports, including its Annual Report as filed under Form 10-K for the year ended December 31, 2025, and particularly the discussion of risk factors within that document. The Company does not undertake, and specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences or unanticipated events or circumstances after the date of such statements except as required by law. Any statements about future operating results, such as those concerning accretion and dilution to the Company’s earnings or shareholders, are for illustrative purposes only, are not forecasts, and actual results may differ.
| RBB BANCORP AND SUBSIDIARIES | ||||||||||||||||||||
| CONDENSED CONSOLIDATED BALANCE SHEETS | ||||||||||||||||||||
| (Unaudited) | ||||||||||||||||||||
| (Dollars in thousands) | ||||||||||||||||||||
| June 30, | March 31, | December 31, | September 30, | June 30, | ||||||||||||||||
| 2026 | 2026 | 2025 | 2025 | 2025 | ||||||||||||||||
| Assets | ||||||||||||||||||||
| Cash and due from banks | $ | 25,363 | $ | 23,893 | $ | 27,086 | $ | 24,251 | $ | 27,338 | ||||||||||
| Interest-earning deposits with financial institutions | 257,652 | 173,017 | 185,231 | 210,679 | 164,514 | |||||||||||||||
| Cash and cash equivalents | 283,015 | 196,910 | 212,317 | 234,930 | 191,852 | |||||||||||||||
| Interest-earning time deposits with financial institutions | 600 | 600 | 600 | 600 | 600 | |||||||||||||||
| Investment securities available for sale | 407,160 | 415,789 | 407,204 | 410,631 | 413,142 | |||||||||||||||
| Investment securities held to maturity | 4,181 | 4,182 | 4,184 | 4,185 | 4,186 | |||||||||||||||
| Loans held for sale | — | — | 2,067 | 756 | — | |||||||||||||||
| Loans held for investment | 3,309,459 | 3,325,232 | 3,314,301 | 3,302,577 | 3,234,695 | |||||||||||||||
| Allowance for loan losses | (43,660 | ) | (43,666 | ) | (43,888 | ) | (44,892 | ) | (51,014 | ) | ||||||||||
| Net loans held for investment | 3,265,799 | 3,281,566 | 3,270,413 | 3,257,685 | 3,183,681 | |||||||||||||||
| Premises and equipment, net | 22,868 | 23,204 | 23,540 | 23,851 | 23,945 | |||||||||||||||
| Federal Home Loan Bank (FHLB) stock | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | |||||||||||||||
| Cash surrender value of bank owned life insurance | 62,841 | 62,403 | 61,972 | 61,538 | 61,111 | |||||||||||||||
| Goodwill | 71,498 | 71,498 | 71,498 | 71,498 | 71,498 | |||||||||||||||
| Servicing assets | 5,864 | 5,834 | 6,041 | 6,252 | 6,482 | |||||||||||||||
| Core deposit intangibles | 1,078 | 1,204 | 1,338 | 1,495 | 1,667 | |||||||||||||||
| Right-of-use assets | 22,068 | 22,601 | 23,026 | 24,305 | 25,554 | |||||||||||||||
| Accrued interest and other assets | 113,030 | 93,521 | 109,094 | 95,729 | 91,322 | |||||||||||||||
| Total assets | $ | 4,275,002 | $ | 4,194,312 | $ | 4,208,294 | $ | 4,208,455 | $ | 4,090,040 | ||||||||||
| Liabilities and shareholders' equity | ||||||||||||||||||||
| Deposits: | ||||||||||||||||||||
| Noninterest-bearing demand | $ | 591,556 | $ | 526,882 | $ | 526,538 | $ | 550,488 | $ | 543,885 | ||||||||||
| Savings, NOW and money market accounts | 1,191,198 | 1,175,735 | 956,299 | 721,697 | 691,679 | |||||||||||||||
| Time deposits, | 815,528 | 863,717 | 974,670 | 1,119,258 | 1,010,674 | |||||||||||||||
| Time deposits, greater than | 792,359 | 773,550 | 892,891 | 975,054 | 941,993 | |||||||||||||||
| Total deposits | 3,390,641 | 3,339,884 | 3,350,398 | 3,366,497 | 3,188,231 | |||||||||||||||
| FHLB advances | 160,000 | 130,000 | 130,000 | 130,000 | 180,000 | |||||||||||||||
| Long-term debt, net of issuance costs | 120,000 | 120,000 | 119,911 | 119,815 | 119,720 | |||||||||||||||
| Subordinated debentures | 15,484 | 15,429 | 15,375 | 15,320 | 15,265 | |||||||||||||||
| Lease liabilities - operating leases | 23,836 | 24,379 | 24,800 | 26,066 | 27,294 | |||||||||||||||
| Accrued interest and other liabilities | 29,864 | 33,566 | 44,400 | 36,422 | 41,877 | |||||||||||||||
| Total liabilities | 3,739,825 | 3,663,258 | 3,684,884 | 3,694,120 | 3,572,387 | |||||||||||||||
| Shareholders' equity: | ||||||||||||||||||||
| Common stock | 250,590 | 251,050 | 250,694 | 250,362 | 259,863 | |||||||||||||||
| Additional paid-in capital | 3,004 | 3,649 | 3,941 | 3,734 | 3,579 | |||||||||||||||
| Retained earnings | 296,119 | 290,566 | 282,024 | 274,608 | 270,152 | |||||||||||||||
| Non-controlling interest | 72 | 72 | 72 | 72 | 72 | |||||||||||||||
| Accumulated other comprehensive loss, net | (14,608 | ) | (14,283 | ) | (13,321 | ) | (14,441 | ) | (16,013 | ) | ||||||||||
| Total shareholders' equity | 535,177 | 531,054 | 523,410 | 514,335 | 517,653 | |||||||||||||||
| Total liabilities and shareholders’ equity | $ | 4,275,002 | $ | 4,194,312 | $ | 4,208,294 | $ | 4,208,455 | $ | 4,090,040 | ||||||||||
| RBB BANCORP AND SUBSIDIARIES | ||||||||||||||||||||
| CONDENSED CONSOLIDATED STATEMENTS OF INCOME | ||||||||||||||||||||
| (Unaudited) | ||||||||||||||||||||
| (In thousands, except share and per share data) | ||||||||||||||||||||
| For the Three Months Ended | For the Six Months Ended | |||||||||||||||||||
| June 30, 2026 | March 31, 2026 | June 30, 2025 | June 30, 2026 | June 30, 2025 | ||||||||||||||||
| Interest and dividend income: | ||||||||||||||||||||
| Interest and fees on loans | $ | 50,663 | $ | 49,938 | $ | 47,687 | $ | 100,601 | $ | 93,308 | ||||||||||
| Interest on interest-earning deposits | 1,708 | 1,883 | 1,750 | 3,591 | 3,764 | |||||||||||||||
| Interest on investment securities | 4,259 | 3,969 | 4,213 | 8,228 | 8,349 | |||||||||||||||
| Dividend income on FHLB stock | 222 | 760 | 324 | 982 | 654 | |||||||||||||||
| Interest on federal funds sold and other | 307 | 253 | 231 | 560 | 466 | |||||||||||||||
| Total interest and dividend income | 57,159 | 56,803 | 54,205 | 113,962 | 106,541 | |||||||||||||||
| Interest expense: | ||||||||||||||||||||
| Interest on savings deposits, NOW and money market accounts | 9,197 | 7,347 | 4,567 | 16,544 | 9,035 | |||||||||||||||
| Interest on time deposits | 14,397 | 16,221 | 19,250 | 30,618 | 38,334 | |||||||||||||||
| Interest on long-term debt and subordinated debentures | 2,428 | 1,599 | 1,634 | 4,027 | 3,266 | |||||||||||||||
| Interest on FHLB advances | 1,051 | 1,133 | 1,420 | 2,184 | 2,409 | |||||||||||||||
| Total interest expense | 27,073 | 26,300 | 26,871 | 53,373 | 53,044 | |||||||||||||||
| Net interest income before (reversal of)/provision for credit losses | 30,086 | 30,503 | 27,334 | 60,589 | 53,497 | |||||||||||||||
| (Reversal of)/provision for credit losses | — | (200 | ) | 2,387 | (200 | ) | 9,133 | |||||||||||||
| Net interest income after (reversal of)/provision for credit losses | 30,086 | 30,703 | 24,947 | 60,789 | 44,364 | |||||||||||||||
| Noninterest income: | ||||||||||||||||||||
| Service charges and fees | 1,104 | 1,032 | 1,060 | 2,136 | 2,077 | |||||||||||||||
| Gain on sale of loans | 964 | 324 | 358 | 1,288 | 439 | |||||||||||||||
| Loan servicing fees, net of amortization | 533 | 504 | 541 | 1,037 | 1,129 | |||||||||||||||
| Increase in cash surrender value of life insurance | 438 | 431 | 411 | 869 | 814 | |||||||||||||||
| (Loss)/gain on OREO | (221 | ) | 890 | — | 669 | — | ||||||||||||||
| Other income | 200 | 1,070 | 6,108 | 1,270 | 6,314 | |||||||||||||||
| Total noninterest income | 3,018 | 4,251 | 8,478 | 7,269 | 10,773 | |||||||||||||||
| Noninterest expense: | ||||||||||||||||||||
| Salaries and employee benefits | 11,045 | 11,261 | 11,080 | 22,306 | 21,723 | |||||||||||||||
| Occupancy and equipment expenses | 2,449 | 2,511 | 2,377 | 4,960 | 4,784 | |||||||||||||||
| Data processing | 1,690 | 1,708 | 1,713 | 3,398 | 3,315 | |||||||||||||||
| Legal and professional | 1,311 | 1,503 | 2,904 | 2,814 | 4,419 | |||||||||||||||
| Office expenses | 377 | 359 | 405 | 736 | 813 | |||||||||||||||
| Marketing and business promotion | 178 | 215 | 212 | 393 | 409 | |||||||||||||||
| Insurance and regulatory assessments | 746 | 749 | 709 | 1,495 | 1,439 | |||||||||||||||
| Core deposit premium | 127 | 134 | 172 | 261 | 344 | |||||||||||||||
| Other expenses | 1,099 | 818 | 921 | 1,917 | 1,769 | |||||||||||||||
| Total noninterest expense | 19,022 | 19,258 | 20,493 | 38,280 | 39,015 | |||||||||||||||
| Income before income taxes | 14,082 | 15,696 | 12,932 | 29,778 | 16,122 | |||||||||||||||
| Income tax expense | 3,942 | 4,396 | 3,599 | 8,338 | 4,499 | |||||||||||||||
| Net income | $ | 10,140 | $ | 11,300 | $ | 9,333 | $ | 21,440 | $ | 11,623 | ||||||||||
| Net income per share | ||||||||||||||||||||
| Basic | $ | 0.60 | $ | 0.66 | $ | 0.53 | $ | 1.26 | $ | 0.66 | ||||||||||
| Diluted | $ | 0.59 | $ | 0.66 | $ | 0.52 | $ | 1.25 | $ | 0.65 | ||||||||||
| Cash dividends declared per common share | $ | 0.16 | $ | 0.16 | $ | 0.16 | $ | 0.32 | $ | 0.32 | ||||||||||
| Weighted-average common shares outstanding | ||||||||||||||||||||
| Basic | 17,011,624 | 17,063,757 | 17,746,607 | 17,037,546 | 17,737,212 | |||||||||||||||
| Diluted | 17,141,742 | 17,174,526 | 17,797,735 | 17,158,043 | 17,784,237 | |||||||||||||||
| RBB BANCORP AND SUBSIDIARIES | ||||||||||||||||||||||||||||||||||||
| AVERAGE BALANCE SHEET AND NET INTEREST INCOME | ||||||||||||||||||||||||||||||||||||
| (Unaudited) | ||||||||||||||||||||||||||||||||||||
| For the Three Months Ended | ||||||||||||||||||||||||||||||||||||
| June 30, 2026 | March 31, 2026 | June 30, 2025 | ||||||||||||||||||||||||||||||||||
| Average | Interest | Yield / | Average | Interest | Yield / | Average | Interest | Yield / | ||||||||||||||||||||||||||||
| (tax-equivalent basis, dollars in thousands) | Balance | & Fees | Rate | Balance | & Fees | Rate | Balance | & Fees | Rate | |||||||||||||||||||||||||||
| Interest-earning assets | ||||||||||||||||||||||||||||||||||||
| Cash and cash equivalents (1) | $ | 194,256 | $ | 2,015 | 4.16 | % | $ | 215,930 | $ | 2,136 | 4.01 | % | $ | 163,838 | $ | 1,980 | 4.85 | % | ||||||||||||||||||
| FHLB Stock | 15,000 | 222 | 5.94 | % | 15,000 | 760 | 20.55 | % | 15,000 | 324 | 8.66 | % | ||||||||||||||||||||||||
| Securities | ||||||||||||||||||||||||||||||||||||
| Available for sale (2) | 419,191 | 4,245 | 4.06 | % | 404,610 | 3,955 | 3.96 | % | 399,414 | 4,189 | 4.21 | % | ||||||||||||||||||||||||
| Held to maturity (2) | 4,182 | 38 | 3.64 | % | 4,183 | 38 | 3.68 | % | 5,028 | 48 | 3.83 | % | ||||||||||||||||||||||||
| Total loans (3) | 3,315,864 | 50,663 | 6.13 | % | 3,296,165 | 49,938 | 6.14 | % | 3,171,570 | 47,687 | 6.03 | % | ||||||||||||||||||||||||
| Total interest-earning assets | 3,948,493 | $ | 57,183 | 5.81 | % | 3,935,888 | $ | 56,827 | 5.86 | % | 3,754,850 | $ | 54,228 | 5.79 | % | |||||||||||||||||||||
| Total noninterest-earning assets | 262,546 | 268,010 | 254,029 | |||||||||||||||||||||||||||||||||
| Total average assets | $ | 4,211,039 | $ | 4,203,898 | $ | 4,008,879 | ||||||||||||||||||||||||||||||
| Interest-bearing liabilities | ||||||||||||||||||||||||||||||||||||
| NOW | $ | 83,681 | $ | 478 | 2.29 | % | $ | 73,637 | $ | 398 | 2.19 | % | $ | 66,755 | $ | 368 | 2.21 | % | ||||||||||||||||||
| Money market | 556,084 | 4,189 | 3.02 | % | 529,013 | 3,795 | 2.91 | % | 482,669 | 3,774 | 3.14 | % | ||||||||||||||||||||||||
| Savings deposits | 589,187 | 4,529 | 3.08 | % | 441,123 | 3,154 | 2.90 | % | 141,411 | 425 | 1.21 | % | ||||||||||||||||||||||||
| Time deposits, | 837,026 | 7,322 | 3.51 | % | 926,226 | 8,313 | 3.64 | % | 996,249 | 9,768 | 3.93 | % | ||||||||||||||||||||||||
| Time deposits, greater than | 768,027 | 7,076 | 3.70 | % | 845,786 | 7,908 | 3.79 | % | 922,540 | 9,482 | 4.12 | % | ||||||||||||||||||||||||
| Total interest-bearing deposits | 2,834,005 | 23,594 | 3.34 | % | 2,815,785 | 23,568 | 3.39 | % | 2,609,624 | 23,817 | 3.66 | % | ||||||||||||||||||||||||
| FHLB advances | 116,813 | 1,051 | 3.61 | % | 130,000 | 1,133 | 3.53 | % | 159,286 | 1,420 | 3.58 | % | ||||||||||||||||||||||||
| Long-term debt | 120,000 | 2,118 | 7.08 | % | 119,945 | 1,289 | 4.36 | % | 119,657 | 1,296 | 4.34 | % | ||||||||||||||||||||||||
| Subordinated debentures | 15,448 | 310 | 8.05 | % | 15,394 | 310 | 8.17 | % | 15,230 | 338 | 8.90 | % | ||||||||||||||||||||||||
| Total borrowings | 252,261 | 3,479 | 5.53 | % | 265,339 | 2,732 | 4.18 | % | 294,173 | 3,054 | 4.16 | % | ||||||||||||||||||||||||
| Total interest-bearing liabilities | 3,086,266 | 27,073 | 3.52 | % | 3,081,124 | 26,300 | 3.46 | % | 2,903,797 | 26,871 | 3.71 | % | ||||||||||||||||||||||||
| Noninterest-bearing liabilities | ||||||||||||||||||||||||||||||||||||
| Noninterest-bearing deposits | 535,756 | 526,151 | 526,113 | |||||||||||||||||||||||||||||||||
| Other noninterest-bearing liabilities | 56,608 | 67,241 | 65,278 | |||||||||||||||||||||||||||||||||
| Total noninterest-bearing liabilities | 592,364 | 593,392 | 591,391 | |||||||||||||||||||||||||||||||||
| Shareholders' equity | 532,409 | 529,382 | 513,691 | |||||||||||||||||||||||||||||||||
| Total liabilities and shareholders' equity | $ | 4,211,039 | $ | 4,203,898 | $ | 4,008,879 | ||||||||||||||||||||||||||||||
| Net interest income / interest rate spreads | $ | 30,110 | 2.29 | % | $ | 30,527 | 2.40 | % | $ | 27,357 | 2.08 | % | ||||||||||||||||||||||||
| Net interest margin | 3.06 | % | 3.15 | % | 2.92 | % | ||||||||||||||||||||||||||||||
| Total cost of deposits | $ | 3,369,761 | $ | 23,594 | 2.81 | % | $ | 3,341,936 | $ | 23,568 | 2.86 | % | $ | 3,135,737 | $ | 23,817 | 3.05 | % | ||||||||||||||||||
| Total cost of funds | $ | 3,622,022 | $ | 27,073 | 3.00 | % | $ | 3,607,275 | $ | 26,300 | 2.96 | % | $ | 3,429,910 | $ | 26,871 | 3.14 | % | ||||||||||||||||||
| ______________ | ||
| (1 | ) | Includes income and average balances for interest-earning time deposits and other miscellaneous interest-earning assets. |
| (2 | ) | Interest income and average rates for tax-exempt securities are presented on a tax-equivalent basis. |
| (3 | ) | Average loan balances relate to loans held for investment and loans held for sale and include nonaccrual loans. Interest income on loans includes the effects of discount accretion and net deferred loan origination fees and costs accounted for as yield adjustments. |
| RBB BANCORP AND SUBSIDIARIES | ||||||||||||||||||||||||
| AVERAGE BALANCE SHEET AND NET INTEREST INCOME | ||||||||||||||||||||||||
| (Unaudited) | ||||||||||||||||||||||||
| For the Six Months Ended June 30, | ||||||||||||||||||||||||
| 2026 | 2025 | |||||||||||||||||||||||
| Average | Interest | Yield / | Average | Interest | Yield / | |||||||||||||||||||
| (tax-equivalent basis, dollars in thousands) | Balance | & Fees | Rate | Balance | & Fees | Rate | ||||||||||||||||||
| Interest-earning assets | ||||||||||||||||||||||||
| Cash and cash equivalents (1) | $ | 205,033 | $ | 4,151 | 4.08 | % | $ | 178,953 | $ | 4,230 | 4.77 | % | ||||||||||||
| FHLB Stock | 15,000 | 982 | 13.20 | % | 15,000 | 654 | 8.79 | % | ||||||||||||||||
| Securities | ||||||||||||||||||||||||
| Available for sale (2) | 411,941 | 8,200 | 4.01 | % | 394,822 | 8,302 | 4.24 | % | ||||||||||||||||
| Held to maturity (2) | 4,182 | 76 | 3.66 | % | 5,108 | 97 | 3.83 | % | ||||||||||||||||
| Total loans (3) | 3,306,068 | 100,601 | 6.14 | % | 3,125,652 | 93,308 | 6.02 | % | ||||||||||||||||
| Total interest-earning assets | 3,942,224 | $ | 114,010 | 5.83 | % | 3,719,535 | $ | 106,591 | 5.78 | % | ||||||||||||||
| Total noninterest-earning assets | 265,264 | 257,250 | ||||||||||||||||||||||
| Total average assets | $ | 4,207,488 | $ | 3,976,785 | ||||||||||||||||||||
| Interest-bearing liabilities | ||||||||||||||||||||||||
| NOW | $ | 78,687 | $ | 877 | 2.25 | % | $ | 64,004 | $ | 689 | 2.17 | % | ||||||||||||
| Money market | 542,623 | 7,983 | 2.97 | % | 473,109 | 7,399 | 3.15 | % | ||||||||||||||||
| Saving deposits | 515,564 | 7,684 | 3.01 | % | 148,225 | 947 | 1.29 | % | ||||||||||||||||
| Time deposits, | 881,380 | 15,634 | 3.58 | % | 992,954 | 19,815 | 4.02 | % | ||||||||||||||||
| Time deposits, greater than | 806,692 | 14,984 | 3.75 | % | 893,832 | 18,519 | 4.18 | % | ||||||||||||||||
| Total interest-bearing deposits | 2,824,946 | 47,162 | 3.37 | % | 2,572,124 | 47,369 | 3.71 | % | ||||||||||||||||
| FHLB advances | 123,370 | 2,184 | 3.57 | % | 168,011 | 2,409 | 2.89 | % | ||||||||||||||||
| Long-term debt | 119,973 | 3,407 | 5.73 | % | 119,610 | 2,591 | 4.37 | % | ||||||||||||||||
| Subordinated debentures | 15,421 | 620 | 8.11 | % | 15,203 | 675 | 8.95 | % | ||||||||||||||||
| Total borrowings | 258,764 | 6,211 | 4.84 | % | 302,824 | 5,675 | 3.78 | % | ||||||||||||||||
| Total interest-bearing liabilities | 3,083,710 | 53,373 | 3.49 | % | 2,874,948 | 53,044 | 3.72 | % | ||||||||||||||||
| Noninterest-bearing liabilities | ||||||||||||||||||||||||
| Noninterest-bearing deposits | 530,980 | 523,145 | ||||||||||||||||||||||
| Other noninterest-bearing liabilities | 61,895 | 65,711 | ||||||||||||||||||||||
| Total noninterest-bearing liabilities | 592,875 | 588,856 | ||||||||||||||||||||||
| Shareholders' equity | 530,903 | 512,981 | ||||||||||||||||||||||
| Total liabilities and shareholders' equity | $ | 4,207,488 | $ | 3,976,785 | ||||||||||||||||||||
| Net interest income / interest rate spreads | $ | 60,637 | 2.34 | % | $ | 53,547 | 2.06 | % | ||||||||||||||||
| Net interest margin | 3.10 | % | 2.90 | % | ||||||||||||||||||||
| Total cost of deposits | $ | 3,355,926 | $ | 47,162 | 2.83 | % | $ | 3,095,269 | $ | 47,369 | 3.09 | % | ||||||||||||
| Total cost of funds | $ | 3,614,690 | $ | 53,373 | 2.98 | % | $ | 3,398,093 | $ | 53,044 | 3.15 | % | ||||||||||||
| ______________ | ||
| (1 | ) | Includes income and average balances for interest-earning time deposits and other miscellaneous interest-earning assets. |
| (2 | ) | Interest income and average rates for tax-exempt securities are presented on a tax-equivalent basis. |
| (3 | ) | Average loan balances relate to loans held for investment and loans held for sale and include nonaccrual loans. Interest income on loans includes the effects of discount accretion and net deferred loan origination fees and costs accounted for as yield adjustments. |
| RBB BANCORP AND SUBSIDIARIES | ||||||||||||||||||||
| SELECTED FINANCIAL HIGHLIGHTS | ||||||||||||||||||||
| (Unaudited) | ||||||||||||||||||||
| At or for the Three Months Ended | At or for the Six Months Ended June 30, | |||||||||||||||||||
| June 30, | March 31, | June 30, | ||||||||||||||||||
| 2026 | 2026 | 2025 | 2026 | 2025 | ||||||||||||||||
| Per share data (common stock) | ||||||||||||||||||||
| Book value | $ | 31.51 | $ | 31.10 | $ | 29.25 | $ | 31.51 | $ | 29.25 | ||||||||||
| Tangible book value (1) | $ | 27.23 | $ | 26.84 | $ | 25.11 | $ | 27.23 | $ | 25.11 | ||||||||||
| Performance ratios | ||||||||||||||||||||
| Return on average assets, annualized | 0.97 | % | 1.09 | % | 0.93 | % | 1.03 | % | 0.59 | % | ||||||||||
| Return on average shareholders' equity, annualized | 7.64 | % | 8.66 | % | 7.29 | % | 8.14 | % | 4.57 | % | ||||||||||
| Return on average tangible common equity, annualized (1) | 8.85 | % | 10.04 | % | 8.50 | % | 9.44 | % | 5.33 | % | ||||||||||
| Noninterest income to average assets, annualized | 0.29 | % | 0.41 | % | 0.85 | % | 0.35 | % | 0.55 | % | ||||||||||
| Noninterest expense to average assets, annualized | 1.81 | % | 1.86 | % | 2.05 | % | 1.83 | % | 1.98 | % | ||||||||||
| Yield on average earning assets | 5.81 | % | 5.86 | % | 5.79 | % | 5.83 | % | 5.78 | % | ||||||||||
| Yield on average loans | 6.13 | % | 6.14 | % | 6.03 | % | 6.14 | % | 6.02 | % | ||||||||||
| Cost of average total deposits (2) | 2.81 | % | 2.86 | % | 3.05 | % | 2.83 | % | 3.09 | % | ||||||||||
| Cost of average interest-bearing deposits | 3.34 | % | 3.39 | % | 3.66 | % | 3.37 | % | 3.71 | % | ||||||||||
| Cost of average interest-bearing liabilities | 3.52 | % | 3.46 | % | 3.71 | % | 3.49 | % | 3.72 | % | ||||||||||
| Net interest spread | 2.29 | % | 2.40 | % | 2.08 | % | 2.34 | % | 2.06 | % | ||||||||||
| Net interest margin | 3.06 | % | 3.15 | % | 2.92 | % | 3.10 | % | 2.90 | % | ||||||||||
| Efficiency ratio (3) | 57.46 | % | 55.41 | % | 57.22 | % | 56.41 | % | 60.70 | % | ||||||||||
| Common stock dividend payout ratio | 26.67 | % | 24.24 | % | 30.19 | % | 25.40 | % | 48.48 | % | ||||||||||
| ______________ | ||
| (1 | ) | Non-GAAP measure. See Non–GAAP reconciliations set forth at the end of this press release. |
| (2 | ) | Total deposits include noninterest-bearing deposits and interest-bearing deposits. |
| (3 | ) | Ratio calculated by dividing noninterest expense by the sum of net interest income before provision for credit losses and noninterest income. |
| RBB BANCORP AND SUBSIDIARIES | ||||||||||||
| SELECTED FINANCIAL HIGHLIGHTS | ||||||||||||
| (Unaudited) | ||||||||||||
| (Dollars in thousands) | ||||||||||||
| At or for the quarter ended | ||||||||||||
| June 30, | March 31, | June 30, | ||||||||||
| 2026 | 2026 | 2025 | ||||||||||
| Credit Quality Data: | ||||||||||||
| Special mention loans | $ | 20,275 | $ | 24,778 | $ | 91,317 | ||||||
| Special mention loans to total loans HFI | 0.61 | % | 0.75 | % | 2.82 | % | ||||||
| Substandard loans HFI | $ | 61,529 | $ | 72,494 | $ | 91,019 | ||||||
| Substandard loans HFI to total loans HFI | 1.86 | % | 2.18 | % | 2.81 | % | ||||||
| Loans 30-89 days past due, excluding nonperforming loans | $ | 8,970 | $ | 7,911 | $ | 18,003 | ||||||
| Loans 30-89 days past due, excluding nonperforming loans, to total loans | 0.27 | % | 0.24 | % | 0.56 | % | ||||||
| Nonperforming loans HFI | $ | 23,759 | $ | 44,568 | $ | 56,817 | ||||||
| OREO (included in "accrued interest and other assets") | 19,820 | 4,268 | 4,170 | |||||||||
| Nonperforming assets | $ | 43,579 | $ | 48,836 | $ | 60,987 | ||||||
| Nonperforming loans to total loans HFI | 0.72 | % | 1.34 | % | 1.76 | % | ||||||
| Nonperforming assets to total assets | 1.02 | % | 1.16 | % | 1.49 | % | ||||||
| Allowance for loan losses | $ | 43,660 | $ | 43,666 | $ | 51,014 | ||||||
| Allowance for loan losses to total loans HFI | 1.32 | % | 1.31 | % | 1.58 | % | ||||||
| Allowance for loan losses to nonperforming loans HFI | 183.76 | % | 97.98 | % | 89.79 | % | ||||||
| Net charge-offs | $ | 83 | $ | 22 | $ | 3,305 | ||||||
| Net charge-offs to average loans | 0.01 | % | 0.00 | % | 0.42 | % | ||||||
| Capitalratios (1) | ||||||||||||
| Tangible common equity to tangible assets (2) | 11.01 | % | 11.12 | % | 11.07 | % | ||||||
| Tier 1 leverage ratio | 11.86 | % | 11.77 | % | 12.04 | % | ||||||
| Tier 1 common capital to risk-weighted assets | 18.00 | % | 17.85 | % | 17.61 | % | ||||||
| Tier 1 capital to risk-weighted assets | 18.57 | % | 18.41 | % | 18.17 | % | ||||||
| Total capital to risk-weighted assets | 23.44 | % | 24.20 | % | 24.00 | % | ||||||
| ______________ | ||
| (1 | ) | June 30, 2026 capital ratios are preliminary. |
| (2 | ) | Non-GAAP measure. See non-GAAP reconciliations set forth at the end of this press release. |
| RBB BANCORP AND SUBSIDIARIES | |||||||||||||||||||||||
| SELECTED FINANCIAL HIGHLIGHTS | |||||||||||||||||||||||
| (Unaudited) | |||||||||||||||||||||||
| Loan Portfolio Detail | As of June 30, 2026 | As of March 31, 2026 | As of June 30, 2025 | ||||||||||||||||||||
| (dollars in thousands) | $ | % | $ | % | $ | % | |||||||||||||||||
| Loans: | |||||||||||||||||||||||
| Single-family residential mortgages | $ | 1,680,635 | 50.8 | % | $ | 1,682,728 | 50.6 | % | $ | 1,603,114 | 49.6 | % | |||||||||||
| Commercial real estate (1) | 1,277,559 | 38.6 | % | 1,274,105 | 38.3 | % | 1,273,442 | 39.4 | % | ||||||||||||||
| Construction and land development | 146,273 | 4.4 | % | 159,292 | 4.8 | % | 157,970 | 4.9 | % | ||||||||||||||
| Commercial and industrial | 151,961 | 4.6 | % | 152,911 | 4.6 | % | 138,263 | 4.3 | % | ||||||||||||||
| SBA | 49,667 | 1.5 | % | 52,279 | 1.6 | % | 55,984 | 1.7 | % | ||||||||||||||
| Other loans | 3,364 | 0.1 | % | 3,917 | 0.1 | % | 5,922 | 0.1 | % | ||||||||||||||
| Total loans held for investment | $ | 3,309,459 | 100.0 | % | $ | 3,325,232 | 100.0 | % | $ | 3,234,695 | 100.0 | % | |||||||||||
| Allowance for loan losses | (43,660 | ) | (43,666 | ) | (51,014 | ) | |||||||||||||||||
| Total loans held for investment, net | $ | 3,265,799 | $ | 3,281,566 | $ | 3,183,681 | |||||||||||||||||
| ______________ | ||
| (1 | ) | Includes non-farm and non-residential loans, multi-family residential loans and non-owner occupied single family residential loans. |
| Deposits | As of June 30, 2026 | As of March 31, 2026 | As of June 30, 2025 | |||||||||||||||||||
| (dollars in thousands) | $ | % | $ | % | $ | % | ||||||||||||||||
| Deposits: | ||||||||||||||||||||||
| Noninterest-bearing demand | $ | 591,556 | 17.5 | % | $ | 526,882 | 15.8 | % | $ | 543,885 | 17.1 | % | ||||||||||
| Savings, NOW and money market accounts | 1,191,198 | 35.1 | % | 1,175,735 | 35.2 | % | 691,679 | 21.7 | % | |||||||||||||
| Time deposits, | 736,102 | 21.7 | % | 740,429 | 22.2 | % | 848,379 | 26.6 | % | |||||||||||||
| Time deposits, greater than | 751,600 | 22.2 | % | 733,046 | 21.9 | % | 920,481 | 28.8 | % | |||||||||||||
| Wholesale deposits (1) | 120,185 | 3.5 | % | 163,792 | 4.9 | % | 183,807 | 5.8 | % | |||||||||||||
| Total deposits | $ | 3,390,641 | 100.0 | % | $ | 3,339,884 | 100.0 | % | $ | 3,188,231 | 100.0 | % | ||||||||||
| ______________ | ||
| (1 | ) | Includes brokered deposits, collateralized deposits from the State of California, and deposits acquired through internet listing services. |
Non-GAAP Reconciliations
Tangible Book Value Reconciliations
Tangible book value per share is a non-GAAP disclosure. Management measures tangible book value per share to assess the Company’s capital strength and business performance and believes this is helpful to investors as additional tools for further understanding our performance. The following is a reconciliation of tangible book value to the Company shareholders’ equity computed in accordance with GAAP, as well as a calculation of tangible book value per share as of as of the dates indicated.
| (dollars in thousands, except share and per share data) | June 30, 2026 | March 31, 2026 | June 30, 2025 | |||||||||
| Tangible common equity: | ||||||||||||
| Total shareholders' equity | $ | 535,177 | $ | 531,054 | $ | 517,653 | ||||||
| Adjustments | ||||||||||||
| Goodwill | (71,498 | ) | (71,498 | ) | (71,498 | ) | ||||||
| Core deposit intangible | (1,078 | ) | (1,204 | ) | (1,667 | ) | ||||||
| Tangible common equity | $ | 462,601 | $ | 458,352 | $ | 444,488 | ||||||
| Tangible assets: | ||||||||||||
| Total assets-GAAP | $ | 4,275,002 | $ | 4,194,312 | $ | 4,090,040 | ||||||
| Adjustments | ||||||||||||
| Goodwill | (71,498 | ) | (71,498 | ) | (71,498 | ) | ||||||
| Core deposit intangible | (1,078 | ) | (1,204 | ) | (1,667 | ) | ||||||
| Tangible assets | $ | 4,202,426 | $ | 4,121,610 | $ | 4,016,875 | ||||||
| Common shares outstanding | 16,985,919 | 17,074,159 | 17,699,091 | |||||||||
| Common equity to assets ratio | 12.52 | % | 12.66 | % | 12.66 | % | ||||||
| Tangible common equity to tangible assets ratio | 11.01 | % | 11.12 | % | 11.07 | % | ||||||
| Book value per share | $ | 31.51 | $ | 31.10 | $ | 29.25 | ||||||
| Tangible book value per share | $ | 27.23 | $ | 26.84 | $ | 25.11 | ||||||
Return on Average Tangible Common Equity
Management measures return on average tangible common equity (“ROATCE”) to assess the Company’s capital strength and business performance and believes this is helpful to investors as an additional tool for further understanding our performance. Tangible equity excludes goodwill and other intangible assets (excluding mortgage servicing rights) and is reviewed by banking and financial institution regulators when assessing a financial institution’s capital adequacy. This non-GAAP financial measure should not be considered a substitute for operating results determined in accordance with GAAP and may not be comparable to other similarly titled measures used by other companies. The following table reconciles ROATCE to its most comparable GAAP measure:
| Three Months Ended | Six Month Ended June 30, | |||||||||||||||||||
| (dollars in thousands) | June 30, 2026 | March 31, 2026 | June 30, 2025 | 2026 | 2025 | |||||||||||||||
| Net income available to common shareholders | $ | 10,140 | $ | 11,300 | $ | 9,333 | $ | 21,440 | $ | 11,623 | ||||||||||
| Average shareholders' equity | 532,409 | 529,382 | 513,691 | 530,903 | 512,981 | |||||||||||||||
| Adjustments: | ||||||||||||||||||||
| Average goodwill | (71,498 | ) | (71,498 | ) | (71,498 | ) | (71,498 | ) | (71,498 | ) | ||||||||||
| Average core deposit intangible | (1,161 | ) | (1,288 | ) | (1,780 | ) | (1,224 | ) | (1,865 | ) | ||||||||||
| Adjusted average tangible common equity | $ | 459,750 | $ | 456,596 | $ | 440,413 | $ | 458,181 | $ | 439,618 | ||||||||||
| Return on average common equity, annualized | 7.64 | % | 8.66 | % | 7.29 | % | 8.14 | % | 4.57 | % | ||||||||||
| Return on average tangible common equity, annualized | 8.85 | % | 10.04 | % | 8.50 | % | 9.44 | % | 5.33 | % | ||||||||||
Pre-Tax Pre-Provision Income
Management believes that pre-tax pre-provision (“PTPP”) income is a useful measure for investors to evaluate core operating performance, excluding the volatility of credit provision expenses/(reversals). PTPP income is calculated by subtracting noninterest expense from the sum of net interest income and noninterest income, as shown in the following table.
| Three Months Ended | Six Month Ended June 30, | |||||||||||||||||||
| (dollars in thousands) | June 30, 2026 | March 31, 2026 | June 30, 2025 | 2026 | 2025 | |||||||||||||||
| Net interest income before (reversal of)/provision for credit losses | $ | 30,086 | $ | 30,503 | $ | 27,334 | $ | 60,589 | $ | 53,497 | ||||||||||
| Add: Noninterest income | 3,018 | 4,251 | 8,478 | 7,269 | 10,773 | |||||||||||||||
| Less: Noninterest expense | (19,022 | ) | (19,258 | ) | (20,493 | ) | (38,280 | ) | (39,015 | ) | ||||||||||
| Pre-tax pre-provision income | $ | 14,082 | $ | 15,496 | $ | 15,319 | $ | 29,578 | $ | 25,255 | ||||||||||
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