RBB Bancorp (RBB)

In Q1 2025, RBB Bancorp reported a net income of $2.3 million, or $0.13 per diluted share, with an expanded net interest margin of 2.88% and net loans growth of $89.8 million. In Q2 2025, the company reported a net income of $9.3 million, or $0.52 diluted earnings per share, boosted by a $5.2 million Employee Retention Credit, with a further expanded net interest margin to 2.92% and decreased nonperforming assets. In Q3 2025, RBB Bancorp reported a net income of $10.1 million, an 8.7% increase from Q2, and EPS of $0.59, with a net interest margin reaching 2.98%, total assets of $4.2 billion, loan originations totaling $187.8 million, and classified and criticized loans falling by approximately 30.8%. In May 2025, RBB Bancorp announced a new $18 million stock repurchase plan, authorized by its Board of Directors through June 30, 2026. Analysts have adjusted price targets for RBB Bancorp, with one instance of a price target being raised to $23 from $21 in October 2025. Despite these positive developments, the stock price has shown a decline of 26.25% between October 2024 and October 2025.

The banking sector experiences seasonal trends, and RBB Bancorp's products and services are likely subject to these patterns. Demand for loans typically increases in March and peaks around August or September, then decreases, reaching lows in December, January, and February. Spring is historically a prime home-buying season, leading to a sharp increase in mortgage applications during March, April, and May. Businesses, particularly seasonal ones, also experience fluctuations in their need for loans and lines of credit to manage cash flow, purchase supplies, or expand during their busy periods.

RBB Bancorp, established in 2008 and headquartered in Los Angeles, California, operates as a bank holding company and the parent company of Royal Business Bank, focusing on commercial banking services for small- and medium-sized businesses, professionals, and real estate investors, with an emphasis on serving Asian-American communities. Its services include commercial real estate lending, construction and land development loans, SBA loans, mortgage loans, trade finance, deposit products, treasury and payment services, cash management solutions, e-banking, mobile banking, and international banking services.

RBB Bancorp has a significant geographic presence along the West Coast, with branch networks in California (Los Angeles County, Orange County, Ventura County), Nevada (Clark County), and Hawaii (Honolulu). The company has also expanded its footprint into other key markets, including Texas, New York (Manhattan, Brooklyn, Queens), Illinois (Chicago), and New Jersey (Edison).

RBB Bancorp's reputation has faced scrutiny due to concerns regarding loan processing delays, poor customer service, unexpected fees, weak cybersecurity, and regulatory suspicion related to trade-based money laundering. The company's focus on Chinese-American businesses has drawn regulatory suspicion due to concerns about trade-based money laundering, placing it under relentless Anti-Money Laundering (AML) oversight. The lack of transparency regarding its community partnerships and reliance on undisclosed larger institutions for international transactions has also fueled suspicion. In April 2022, the company's then-President and CEO, Alan Thian, resigned following an internal investigation that found violations of company policies and procedures, including those related to personnel decisions, which had adverse effects on officer and employee morale.

RBB Bancorp's ownership is distributed among institutional shareholders (48.70%), individual insiders (19.87%), and retail investors (31.43%). Major institutional shareholders include FJ Capital Management LLC, BlackRock, Inc., Vanguard Group Inc, Dimensional Fund Advisors LP, American Century Companies Inc, Geode Capital Management LLC, and State Street Corp. Peter M. Chang is the largest individual insider owner, owning 611,767 shares, representing 3.45% of the company.