Watch for continued credit quality improvement and NIM expansion as the bank benefits from the $40M sub-debt redemption reduces interest expense. The 10.8% annualized loan growth signals strong demand, but monitor deposit costs as the Fed funds rate increase to 2.82% at quarter-end.
Price Chart
Executive Summary
RBB Bancorp reported strong Q3 2026 earnings with diluted EPS of $0.74, a 30.7% beat vs consensus of $0.57, driven by higher net interest income, expanding NIM, and a $2.7M gain on sale of an office building. Net income rose 25% QoQ to $12.6M, credit quality continued to improve with NPAs declining 11% QoQ, and the company completed a $40M partial redemption of subordinated notes. The Board declared a $0.16 quarterly dividend.
Key Financial Metrics
Key Facts
- Diluted EPS of $0.74 beat consensus of $0.57 by 30.7%
- Net income of $12.6M, up 25% QoQ and 25% YoY
- Net interest margin expanded 10 bps to 3.16%
- Nonperforming assets declined 11% QoQ to $38.7M (0.91% of assets)
- Completed $40M partial redemption of subordinated notes on July 1, 2026
- Book value per share increased to $31.75 from $31.51 QoQ
- Quarterly cash dividend of $0.16 per share declared
- Loan originations of $154.0M with average yield of 6.30%
- Efficiency ratio improved to 53.0% from 57.5% QoQ
- Return on average assets improved to 1.17% from 0.97% QoQ
Financial Impact
EPS beat by $0.17 (30.7%) vs consensus; net income $12.6M; NIM 3.16%
Risk Factors
- Deposit costs increased to 2.82% from 2.75% at June 30, 2026 due to the 25 bps Fed rate increase
- Unrealized losses on AFS securities increased $30.6M from $20.9M QoQ due to higher rates
- Wholesale deposits decreased but retail deposit growth offset, loan-to-deposit ratio at 100.1%
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-066329 |
| Document: 0001628280-26-066329-index.html | 0001628280-26-066329 |
| Document: 0001628280-26-066329.txt | 0001628280-26-066329 |
| 8-K Data (Synthetic) | 0001628280-26-066329 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 7d ago | 8-K | $26.13 $26.36 | ▲ +0.86% | ▲ +0.34% | $26.32 (+0.73%) |
Oct 19, 2026 7d ago | Press Release | $26.13 $26.36 | ▲ +0.86% | ▲ +0.34% | $26.32 (+0.73%) |
Oct 1, 2026 25d ago | Press Release | $26.22 | awaiting T+1 | — | $26.32 (+0.38%) |
Jul 20, 2026 14w ago | Press Release | $26.63 $26.45 | ▼ −0.68% | ▼ −0.56% | $26.32 (−1.16%) |
Jun 15, 2026 19w ago | 8-K | $25.00 $25.71 | ▲ +2.84% | ▲ +3.44% | $26.32 (+5.28%) |
May 7, 2026 24w ago | 144 | $24.05 $23.53 | ▼ −2.16% | ▼ −2.39% | $26.32 (+9.44%) |
May 4, 2026 25w ago | Insider Cluster | $23.89 $24.14 | ▲ +1.05% | ▲ +0.25% | $26.32 (+10.17%) |
May 4, 2026 25w ago | Insider Cluster | $23.89 $24.14 | ▲ +1.05% | ▲ +0.25% | $26.32 (+10.17%) |
May 4, 2026 25w ago | Insider Cluster | $23.53 $23.55 | ▲ +0.09% | ▲ +0.22% | $26.32 (+11.86%) |
Apr 29, 2026 25w ago | Insider Cluster | $23.71 $24.12 | ▲ +1.73% | ▲ +0.71% | $26.32 (+11.01%) |
US Market Status
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