Full Transcript: RBB Bancorp Q2 2026 Earnings Call

RBB Bancorp (NASDAQ: RBB ) reported second-quarter financial results on Tuesday.

The transcript from the company's second-quarter earnings call has been provided below.

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Access the full call at Summary RBB Bancorp reported a net income of $10.1 million or $0.59 per share for the second quarter of 2026, marking a 13% increase year-over-year but a decrease from the prior quarter due to lower gains from REO sales.

Loan originations totaled $150 million with an average yield of 6.3%, and deposits grew by $50.8 million, improving the deposit mix with noninterest-bearing deposits rising to 17.5% of total deposits.

The company announced the opening of a loan production office in Burlingame, Northern California, to expand its commercial banking business, led by a new team with significant experience in the region.

Net interest income slightly decreased to $30.1 million, impacted by lower FHLB dividend income and higher interest expenses from subordinated debt repricing.

Noninterest income declined due to lower REO sales gains, but noninterest expenses slightly decreased, maintaining an efficiency ratio of 57.5%.

RBB Bancorp redeemed $40 million of subordinated debt, which will reduce future interest expenses, and announced a 1 million share repurchase program due to a strong capital position.

The company remains optimistic about future loan growth and maintains strong capital ratios, with efforts to enhance its deposit growth and manage interest expenses effectively.

Full Transcript OPERATOR Greetings.

Good day, ladies and gentlemen, and welcome to the RBB Bancorp second quarter 2026 earnings conference call.

At this time, all participants are placed on a listen-only mode, and a question-and-answer session will follow the formal presentation.

If anyone should require operator assistance during the conference, please press 0 on your telephone keypad.

And please note this conference is being recorded.

I will now turn the conference over to your host, Rebecca Rico, Investor Relations.

You may begin.

Rebecca Rico, Investor Relations Thank you, Amy.

Good day, everyone, and thank you for joining us to discuss RBB Bancorp's results for the second quarter of 2026.

With me today are President and CEO Johnny Lee, Chief Financial Officer Lynn Hawkins, Chief Credit Officer Jeffrey Yang, and Chief Operations Officer Gary Fan.

Johnny and Lynn will briefly summarize the results, which can be found in the earnings press release and investor presentation that are available on our investor relations website, and then we'll open up the call to your questions.

I would ask that everyone please refer to the disclaimer regarding forward-looking statements in the investor presentation and the company's SEC filings.

Now I'd like to turn the call over to RBB Bancorp's President and Chief Executive Officer, Johnny Lee.

Johnny Lee, President and CEO Thank you, Rebecca.

Good day, everyone, and thank you for joining us today.

We are pleased to report another solid quarter of earnings and continued progress across the key metrics we have been focused on.

We generated net income of $10.1 million, or $0.59 per share, which represents a 13% increase from the same quarter in 2025 as we improved credit quality, grew loans and deposits, and took capital actions, while net income decreased $1.2 million compared to prior quarter.

This decrease relates mostly to REO sales during the first half of 2026 as we resolve our nonperforming assets, and we did make further progress on credit quality during the quarter, with nonperforming assets declining 11% to 1.02% of total assets.

Loan originations accelerated in the second quarter, with $150 million of new loans at an average yield of 6.3%.

Our lending pipelines remain healthy across the franchise, and we expect continued progress on loan growth in the second half of the year.

On that note, I want to highlight an exciting development in our franchise expansion into Northern California.

We recently announced the opening of a loan production office in Burlingame and hiring of a commercial banking team in the San Francisco Bay Area that will be led by John Curtis.

John brings over 37 years of financial services experience, including serving as President and CEO of the Bank of Orange, and has a strong track record of building high-performing lending organizations.

The San Francisco Bay Area is home to one of the largest Asian American communities in the United States, and we believe this team and the loan production office will help us expand our commercial banking business in a market that is a natural fit for RBB.

Deposits grew $50.8 million in the quarter, and our deposit mix continued to improve with noninterest-bearing deposits increasing to 17.5% of total deposits and continued reductions in our reliance on wholesale funding.