RBB Bancorp (RBB) investor relations material

Executive summary

• Net income for Q2 2026 was $10.1 million ($0.59 per share), up 13% year-over-year but down from $11.3 million sequentially, with return on average assets at 0.97%.

• Book value per share increased to $31.51 and tangible book value per share rose to $27.23, up 8% year-over-year.

• $28.0 million returned to stockholders over the past year through dividends and repurchases; quarterly dividend of $0.16 per share declared.

• Expansion into Northern California with a new loan production office and commercial banking team aims to drive further commercial loan growth.

• Return on tangible common equity was 8.85%.

Financial highlights

• Net interest income was $30.1 million, down sequentially but up 10% year-over-year; net interest margin was 3.06%, down from Q1 but up 14 bps YoY.

• Noninterest income was $3.0 million, down from $4.3 million in Q1, mainly due to lower REO/OREO sale gains.

• Noninterest expense was $19.0 million, slightly down from Q1 and $1.5 million lower YoY; efficiency ratio rose to 57.5%.

• Allowance for loan losses was $43.7 million, or 1.32% of loans held for investment.

• Loan to deposit ratio ended at 97.6%.

Outlook and guidance

• Expectation for continued loan growth and improved net interest margin in the second half of 2026, supported by new team and office in Northern California.

• Expense base anticipated to remain in the $18–$19 million range, with potential for future reductions from technology investments and lower professional fees.

• Resolution of the largest non-performing asset (a partially completed construction project in OREO) targeted for the second half of 2026.

• Management highlighted sustained profitability and strong capital ratios.

• Effective tax rate for 2026 is estimated at 28.0%.