The combination of a 28.5% EPS beat, NIM expansion, declining NPAs, and sub-debt redemption signals improving core profitability and credit quality. Watch the Q4 2026 earnings for continued loan growth trajectory and whether the NIM expansion sustains without the one-time FHLB dividend and nonaccrual recoveries that boosted Q3.
Price Chart
Executive Summary
RBB Bancorp reported Q3 2026 EPS of $0.74, a 28.5% beat vs the $0.58 consensus, on net income of $12.6M. Net interest margin expanded 10bp to 3.16%, nonperforming assets declined 11% QoQ, and the company completed a $40M subordinated note redemption. The strong beat, margin expansion, and improving credit quality are clear positives, though the $2.7M gain on sale of a Brooklyn office building was a non-recurring contributor to noninterest income.
Key Financial Metrics
Key Facts
- EPS of $0.74 beat consensus of $0.58 by 28.5%
- Net income of $12.6M vs $10.1M in Q2 2026 (+24.8% QoQ)
- Net interest margin expanded to 3.16% from 3.06% QoQ
- Nonperforming assets fell 11.3% to $38.7M from $43.6M QoQ
- Completed $40M partial redemption of subordinated notes on July 1, 2026
- Loans held for investment grew 10.8% annualized QoQ to $3.4B
- Retail deposits increased $63.3M, wholesale deposits decreased $58.7M
- Quarterly dividend maintained at $0.16 per share
- 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 consensus by $0.16 (28.5%); net interest income rose $1.7M QoQ; nonperforming assets declined $4.9M; $40M sub-debt redemption reduces annual interest expense by ~$2.8M
Risk Factors
- The $2.7M gain on sale of the Brooklyn office building was non-recurring and inflated noninterest income
- Net unrealized losses on AFS securities increased $9.7M to $30.6M due to rising rates, pressuring book value
- Loan-to-deposit ratio rose to 100.1% from 97.6%, indicating tighter liquidity
- Wholesale deposit reliance, though reduced, remains at $61.5M
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3383888 |
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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