RBB Bancorp (RBB) investor relations material

Executive summary

• Net income for Q2 2026 was $10.1 million ($0.59 per share), up year-over-year but down sequentially, with return on average assets at 0.97% and return on tangible common equity at 8.85%.

• Book value per share rose to $31.51 and tangible book value per share to $27.23 as of June 30, 2026.

• Loan originations reached $159 million at a 6.31% average yield, with strong lending pipelines and expectations for continued growth.

• $28 million was returned to shareholders over the past year through dividends and repurchases, including a $0.16 per share dividend declared for Q2 2026.

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

Financial highlights

• Net interest income was $30.1 million, up year-over-year but down sequentially, with a net interest margin of 3.06%.

• Noninterest income was $3.0 million, down from the prior quarter and year due to lower REO sale gains and absence of one-time items.

• Noninterest expense was $19.0 million, down from Q1 and Q2 2025, mainly due to lower legal, professional, and payroll costs.

• Efficiency ratio increased to 57.46% from 55.41% in Q1 2026.

• Return on average equity was 7.64% for Q2 2026.

Outlook and guidance

• Management expects continued loan growth, improved net interest margin, and strong capital and liquidity positions in the second half of 2026.

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

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

• Focus remains on disciplined loan growth, funding quality, and resolving problem assets.

• Forward-looking statements caution on economic, regulatory, and geopolitical risks.