olivLaw · US equity research
RBB Bancorp RBB
State Commercial Banks · SIC 6022 · Vertical: State Commercial Banks (SIC 6022)
RBB Bancorp is the holding company of Royal Business Bank, a business bank focused on Asian-American communities in California, Nevada, New York, Illinois, New Jersey and Hawaii, with total assets of 4.2 billion USD at year-end 2025. In 2026 the bank reported improving credit quality and a rising net interest margin, which makes it relevant to watch how it sustains growth in a still volatile rate environment.
At the close of 04 Nov 2026, RBB Bancorp (RBB) stock was 26.24 USD (+1.67% on the day), with market capitalisation 443.9 m USD, P/E 10.8 on diluted EPS of 2.43 USD over the last 12 months, dividend yield 2.44%, beta 0.76, 52-week range 18.61–27.92 USD. Latest reported quarter (Q2 2026): revenue of 1.1 m USD (−23.8% YoY), net income of 10.1 m USD (+8.6% YoY), diluted EPS 0.59 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 52.3
- neutral
- Bollinger (20, 2)
- 25.28 – 26.62
- in the upper half of the band · %B 0.72 · band width 5.2%
- SMA 50 / 200
- 26.23 / 24.47
- uptrend (price > SMA50 > SMA200)
- MACD (12, 26, 9)
- -0.04 / -0.06
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +0.1% | −1.1% | +1.2 pp | — |
| 3 months | −2.3% | −0.5% | −1.9 pp | — |
| 6 months | +8.0% | +4.4% | +3.6 pp | — |
| Year to date | +27.1% | +12.3% | +14.8 pp | — |
| 1 year | +40.3% | +13.5% | +26.8 pp | +25.9% |
| 3 years | +92.0% | +76.4% | +15.5 pp | +63.7% |
| 5 years | −2.6% | +63.7% | −66.2 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.3 m | 1.1 m | 1.1 m | 1.4 m | 1.3 m | 1.3 m | 2.1 m | 1.1 m |
| Interest expense | 1.3 m | 900.0 k | 1.2 m | 1.2 m | — | 1.2 m | 1.2 m | 2.1 m |
| Pre-tax income | 9.6 m | 5.1 m | 3.2 m | 12.9 m | 13.3 m | 12.8 m | 15.7 m | 14.1 m |
| Income tax | 2.6 m | 672.0 k | 900.0 k | 3.6 m | 3.1 m | 2.6 m | 4.4 m | 3.9 m |
| Net income | 7.0 m | 4.4 m | 2.3 m | 9.3 m | 10.1 m | 10.2 m | 11.3 m | 10.1 m |
| Diluted EPS | 0.39 | 0.25 | 0.13 | 0.52 | 0.59 | 0.59 | 0.66 | 0.59 |
| Operating cash flow | 24.5 m ≈ | 17.5 m | 7.8 m | 21.7 m ≈ | 2.1 m ≈ | 11.8 m | 19.4 m | 22.3 m ≈ |
| Capex | 257.0 k ≈ | 233.0 k | 180.0 k | 98.0 k ≈ | 363.0 k ≈ | 157.0 k | — | — |
| Dividends paid | 2.9 m ≈ | 2.9 m | 2.9 m | 2.9 m ≈ | 2.8 m ≈ | 2.8 m | 2.8 m | 2.8 m ≈ |
| Share repurchases | 11.0 m ≈ | 9.0 k | 0 | 1.5 m ≈ | 12.5 m ≈ | -1.0 k | — | — |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 64 percentile of its own 36-quarter history (min 4.0, median 9.7, max 18.7; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.5 m | 3.8 m | 4.5 m | 7.1 m | 5.6 m | 5.3 m | 5.3 m | 5.2 m |
| Revenue YoY | +30.5% | +49.7% | +17.5% | +57.7% | −21.1% | −4.6% | −0.5% | −2.4% |
| Net income | 36.1 m | 39.2 m | 32.9 m | 56.9 m | 64.3 m | 42.5 m | 26.7 m | 31.9 m |
| Net income YoY | +41.4% | +8.6% | −16.0% | +72.8% | +13.0% | −34.0% | −37.2% | +19.8% |
| Diluted EPS | 2.01 | 1.92 | 1.65 | 2.86 | 3.33 | 2.24 | 1.47 | 1.83 |
| Diluted EPS YoY | +19.6% | −4.5% | −14.1% | +73.3% | +16.4% | −32.7% | −34.4% | +24.5% |
| net % | 1,417.6% | 1,028.3% | 734.8% | 805.2% | 1,153.0% | 797.9% | 503.8% | 618.3% |
| Free cash flow | -87.1 m | 475.1 m | 120.3 m | 200.2 m | 91.7 m | 50.6 m | 57.7 m | 42.6 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 212.3 m USD
- Financial debt
- 119.9 m USD
- Net debt
- -92.4 m USD
- Equity
- 523.4 m USD
- Total assets
- 4.2 bn USD
- Debt / equity
- 0.23x
- Current ratio
- unavailable
- ROE
- 6.2%
- ROA
- 0.8%
- FCF margin
- 824.3%
Financial statements (source on every figure)
Revenue and net income (USD)
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Net interest income | 104.8 m | 124.3 m | 149.6 m | 119.3 m | 99.4 m | 112.3 m | SEC (XBRL)· 09 Mar 2026verified |
| Net fee income | 14.0 m | 18.7 m | 11.3 m | 15.0 m | 15.3 m | 16.9 m | SEC (XBRL)· 09 Mar 2026verified |
| Non-interest expense | 59.5 m | 58.2 m | 64.5 m | 70.7 m | 69.2 m | 76.7 m | SEC (XBRL)· 09 Mar 2026verified |
| Pre-tax income | 47.5 m | 80.9 m | 91.3 m | 60.2 m | 35.7 m | 42.1 m | SEC (XBRL)· 09 Mar 2026verified |
| Net income | 32.9 m | 56.9 m | 64.3 m | 42.5 m | 26.7 m | 31.9 m | SEC (XBRL)· 09 Mar 2026verified |
| Diluted EPS | 1.65 | 2.86 | 3.33 | 2.24 | 1.47 | 1.83 | SEC (XBRL)· 09 Mar 2026verified |
| Dividend per share | 0.33 | 0.51 | 0.56 | 0.64 | 0.64 | 0.64 | SEC (XBRL)· 09 Mar 2026verified |
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 194.7 m | 694.4 m | 83.5 m | 431.4 m | 257.7 m | 212.3 m | SEC (XBRL)· 09 Mar 2026verified |
| Loans | 2.7 bn | 2.9 bn | 3.3 bn | 3.0 bn | 3.0 bn | 3.3 bn | SEC (XBRL)· 09 Mar 2026verified |
| Total assets | 3.4 bn | 4.2 bn | 3.9 bn | 4.0 bn | 4.0 bn | 4.2 bn | SEC (XBRL)· 09 Mar 2026verified |
| Deposits | 2.6 bn | 3.4 bn | 3.0 bn | 3.2 bn | 3.1 bn | 3.4 bn | SEC (XBRL)· 09 Mar 2026verified |
| Long-term debt | 104.4 m | 173.0 m | 173.6 m | 119.1 m | 119.5 m | 119.9 m | SEC (XBRL)· 09 Mar 2026verified |
| Total liabilities | 2.9 bn | 3.8 bn | 3.4 bn | 3.5 bn | 3.5 bn | 3.7 bn | SEC (XBRL)· 09 Mar 2026verified |
| Equity | 428.5 m | 466.7 m | 484.6 m | 511.3 m | 507.9 m | 523.4 m | SEC (XBRL)· 09 Mar 2026verified |
| Shares outstanding at year end | — | — | 19.0 m | — | — | — | SEC (XBRL)· 23 Dec 2022verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Dividends paid | 6.6 m | 9.9 m | 10.7 m | 12.2 m | 11.7 m | 11.3 m | SEC (XBRL)· 09 Mar 2026verified |
| Share repurchases | 7.9 m | 10.5 m | 19.8 m | 6.8 m | 20.7 m | 14.0 m | SEC (XBRL)· 09 Mar 2026verified |
Computed indicators
Growth
Profitability
Returns
Market and valuation
Banking
32 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 39 / 100
A scoring methodology on indicators and valuation, not investment advice.
score < 40
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 443.9 m USD
Key indicators
Coverage and freshness
Score by group
- Valuation88
- Balance sheet7
- Quality30
- Growth0
- Returns45
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 8.41 – 45.32 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- Residual income30.00 – 31.38 (Mid 30.68)
- Justified P/B22.04 – 29.64 (Mid 25.28)
- Dividend discount (DDM)8.41 – 11.31 (Mid 9.65)
- Peers: P/E28.46 – 33.69 (Mid 31.37)31 companies used · median multiple 12.9x · quartiles 11.7x – 13.9xBFST, BHB, BNY, BOH, BPOP, BUSE, BWFG, CBSH, CFFI, CFG, CIVB, COFS, COSO, EWBC, FVCB, FXNC, GBFH, INBK, LKFN, MCB, MNSB, MTB, MVBF, NTRS, ORRF, PEBO, STT, TCBI, UBCP, UBSI, WASH
- Peers: P/B36.02 – 45.32 (Mid 40.63)33 companies used · median multiple 1.3x · quartiles 1.1x – 1.4xBCML, BFST, BHB, BOH, BPOP, BRBS, BUSE, BWFG, CBFV, CBSH, CFFI, CFG, CIVB, COFS, COSO, EWBC, FITB, FVCB, FXNC, GBFH, INBK, MCB, MNSB, MTB, MVBF, ORRF, PEBO, STT, TCBI, UBCP, UBSI, UCB, WASH
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Unattractive profile · Score 39/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROE · Quality | 7.9% | 16 (vs peers) | 19% |
| ROA · Quality | 1.0% | 43 (on a fixed band) | 7% |
| Cost-to-income · Quality | 57.2% | 31 (on a fixed band) | 12% |
| Net interest margin · Quality | 2.9% | 54 (on a fixed band) | 7% |
| EPS CAGR 3Y · Growth | -18.1% | 0 (on a fixed band) | 10% |
| Revenue CAGR 3Y · Growth | -2.5% | 0 (on a fixed band) | 7% |
| NPL ratio · Balance sheet | unavailable | unavailable | — |
| Cost of risk · Balance sheet | unavailable | unavailable | — |
| Loan-to-deposit · Balance sheet | 97.3% | 7 (on a fixed band) | 5% |
| P/B · Valuation | 0.8x | 92 (vs peers) | 12% |
| P/E (TTM) · Valuation | 10.8x | 84 (vs peers) | 12% |
| Dividend yield · Returns | 2.4% | 45 (vs peers) | 10% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial7/100 · 1/3 factors with a value
- Growth0/100 · 2/2 factors with a value
- Quality30/100 · 4/4 factors with a value
- Returns45/100 · 1/1 factors with a value
- Valuation88/100 · 2/2 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
RBB Bancorp (RBB). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: net interest income 112.3 m USD in 2025; YoY growth -2.4%; net margin 720.3%; ROE 7.9%.
The estimated value range is 28.46–31.38 USD per share (median of 5 methods, agreement: medium); assumptions are illustrative. Against the central value of 30.68 USD, the price of 26.24 USD leaves a potential of 16.9% (value / price − 1) and a margin of safety of 14.5% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 39/100, methodological classification: unattractive profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: balance. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- P/B: 0.8x
- P/E (TTM): 10.8x
- The price is below the estimated value range
What contradicts it
- ROE: 7.9%
- EPS CAGR 3Y: -18.1%
- Revenue CAGR 3Y: -2.5%
- Loan-to-deposit: 97.3%
Not assessed (insufficient data or a ratio without meaning): NPL ratio, Cost of risk.
Versus the vertical median
State Commercial Banks (SIC 6022) · same industry (4-digit SIC) · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| BNYThe Bank Of New York Mellon Corporation | 102.8 bn | 16.8 | 15.0% | 32.6% | +7.8% | +36% / +216% |
| FITBFifth Third Bancorp | 49.4 bn | 18.4 | 9.4% | — | −2.0% | +26% / +89% |
| STTState Street Corporation | 47.2 bn | 13.9 | 13.1% | 23.8% | +7.3% | +46% / +138% |
| MTBM&T Bank Corp | 32.4 bn | 11.7 | 10.7% | 178.1% | +7.5% | +18% / +75% |
| NTRSNorthern Trust Corporation | 32.2 bn | 13.7 | 18.4% | 28.8% | −2.5% | +36% / +125% |
| CFGCitizens Financial Group Inc | 27.6 bn | 13.0 | 8.9% | 25.4% | +5.6% | +22% / +142% |
| EWBCEast West Bancorp, Inc. | 18.4 bn | 12.9 | 16.6% | — | +4.4% | +26% / +113% |
| BPOPPopular, Inc. | 10.1 bn | 10.7 | 15.6% | — | unavailable | +38% / +115% |
| CBSHCommerce Bancshares, Inc. | 8.1 bn | 13.8 | 14.6% | — | unavailable | +9% / +29% |
| UBSIUnited Bankshares Inc | 6.7 bn | 13.4 | 9.5% | — | −5.7% | +32% / +49% |
| UCBUnited Community Banks, Inc. | 4.5 bn | 31.7 | 4.1% | 17.8% | +11.7% | +23% / +53% |
| TCBITexas Capital Bancshares Inc | 4.5 bn | 13.4 | 10.2% | — | unavailable | +18% / +93% |
| BOHBank Of Hawaii Corporation | 2.8 bn | 12.3 | 13.6% | 202.1% | −0.1% | +9% / +23% |
| BUSEFirst Busey Corporation | 2.4 bn | 11.9 | 9.6% | 29.3% | +55.7% | +25% / +35% |
| LKFNLakeland Financial Corporation | 1.6 bn | 14.1 | 15.4% | — | −2.1% | +8% / +13% |
| PEBOPeoples Bancorp Inc. | 1.4 bn | 11.7 | 10.1% | 136.3% | +2.3% | +34% / +35% |
| MCBMetropolitan Bank Holding Corp. | 1.2 bn | 12.4 | 10.2% | 860.0% | −53.8% | +31% / +151% |
| BFSTBusiness First Bancshares, Inc. | 1.1 bn | 11.6 | 10.1% | 768.0% | +1.2% | +27% / +63% |
| ORRFOrrstown Financial Services, Inc. | 890.4 m | 10.2 | 14.8% | 232.4% | +36.0% | +27% / +89% |
| WASHWashington Trust Bancorp Inc | 768.3 m | 14.0 | 10.2% | 23.7% | +127.6% | +42% / +51% |
| BHBBar Harbor Bankshares | 712.7 m | 14.4 | 9.7% | — | +3.4% | +42% / +64% |
| CUBBCustomers Bancorp, Inc. | 701.4 m | 2.5 | 14.3% | — | −14.0% | −3% / +9% |
| CIVBCivista Bancshares, Inc. | 599.1 m | 11.0 | 11.2% | 276.9% | −0.5% | +27% / +84% |
| BWFGBankwell Financial Group, Inc. | 584.1 m | 12.9 | 14.5% | 1,437.5% | +44.0% | +60% / +172% |
| COFSChoiceOne Financial Services, Inc. | 562.5 m | 10.4 | 12.0% | 42.0% | +63.6% | +24% / +50% |
1- and 3-year price returns: for RBB from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 14.65 Total return -42% · Per year -42% | 25.99 Total return 1% · Per year 1% | 39.27 Total return 53% · Per year 53% |
| 3 years | 12.28 Total return -48% · Per year -20% | 24.69 Total return 1% · Per year 0% | 41.24 Total return 66% · Per year 18% |
| 5 years | 10.29 Total return -53% · Per year -14% | 23.46 Total return 1% · Per year 0% | 43.31 Total return 80% · Per year 13% |
- Exit P/E± 6.17
- Net margin± 4.32
- Annual revenue growth± 3.80
- Annual dilution± 0.36
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
RBB Bancorp is the holding company of Royal Business Bank, a business bank focused on Asian-American communities in California, Nevada, New York, Illinois, New Jersey and Hawaii, with total assets of 4.2 billion USD at year-end 2025 1. In 2026 the bank reported improving credit quality and a rising net interest margin, which makes it relevant to watch how it sustains growth in a still volatile rate environment 3.
SWOT
Strengths
- The bank has a stable deposit base, with an important share of long-standing client relationships, and a solid position in lending to Asian communities in several states 1.
- Reported capital ratios remain above regulatory thresholds, providing a safety margin for growth 1.
- Expansion into new areas and improving credit quality in 2026 show management's ability to execute its strategy 3.
Weaknesses
- The portfolio is heavily concentrated in real estate loans, which makes the bank sensitive to declines in values in its main markets 1.
- Reliance on wholesale deposits and variable-rate funding has raised costs in certain periods 13.
- Its relatively small size compared with large banks limits economies of scale and the ability to compete on complex products 1.
Opportunities
- If the bank keeps growing retail deposits and reduces reliance on wholesale funding, it could improve its margin over the longer term 3.
- Growth in commercial lending and SBA loan sales could generate additional fee income 13.
- Opportunistic acquisitions, which the bank lists as part of its strategy, could accelerate growth if well integrated 1.
Threats
- An economic downturn in California, New York or in relations with Asia could weaken demand and loan quality 1.
- Changes to US immigration policy could limit the attraction of Asian-American clients, on whom a large part of the business depends 1.
- Trade tensions and geopolitical risks, including those between China and Taiwan, could affect clients and the local economy 2.
Risks
- Interest rate sensitivityhigh
Changes in interest rates can reduce net interest income, especially if deposit costs rise faster than loan yields 1.
- Real estate concentrationhigh
A large part of the portfolio is secured by real estate, and falling values could reduce collateral coverage and generate losses 1.
- Losses on the securities portfoliomedium
Rising market rates can create unrealized losses on AFS securities, which reduce book equity and, if sold, can affect capital ratios 12.
- Liquidity and fundingmedium
If access to deposits or borrowings tightens, the bank could struggle to fund its growth 1.
- Dependence on one community of clientslow
Immigration policy changes or a crisis in relations with Asia could reduce client acquisition and deposits in the target segment 1.
Investment thesis
What would need to be true (bull case)
- Improving credit quality and lower nonperforming assets at the end of the third quarter of 2026 could support a return to higher profitability if the trend continues 3.
- Growth in retail deposits and reduced reliance on wholesale funding could improve the funding cost structure over the longer term 3.
- The bank's niche position in Asian communities and its lending expertise could sustain demand for its products even in periods of pressure 1.
What would break the thesis
- Concentration in real estate loans makes the bank vulnerable to falling prices in its main markets, which could lead to credit losses 1.
- Deposit costs have risen after recent rate increases, and if this pressure persists, the net interest margin could compress 3.
- Dependence on a client segment linked to immigration and relations with Asia could limit growth if policy or geopolitical conditions shift 12.
What to watch
- Trend in net interest margin and cost of depositsQ4 2026
- Level of nonperforming assets and substandard loansQ4 2026
- Pace of retail deposit growth versus wholesale depositsQ1 2027
- Effect of the office building sale gain and new operations on expenses2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
RBB Bancorp is a bank holding company registered under the Bank Holding Company Act of 1956, whose main business is holding Royal Business Bank and RBB Asset Management Company 1. The bank provides business banking and consumer products mainly to Asian-centric communities through branches in Los Angeles, Orange and Ventura County, Las Vegas, the New York metropolitan area, Chicago, Edison and Honolulu 1. Revenue comes mainly from interest on loans to small and middle-market businesses and individuals, while main expenses include interest on deposits and borrowings 1.
The company operates as a minority depository institution (MDI), a status that can give it technical assistance and support from the FDIC, and its shares trade on NASDAQ under the symbol RBB 1. Its growth strategy combines opportunistic acquisitions, six whole-bank acquisitions and one branch acquisition between 2011 and 2022, with organic expansion into new markets, including a loan production office in Northern California 13.
The funding base relies on deposits from business clients and Asian-centric communities, and by the end of 2026 retail deposits were growing, allowing the bank to reduce its reliance on wholesale deposits 3. The bank aims to keep capital above Basel III requirements, and its capital ratios were reported as well capitalized at 31 December 2025 1.
Segments
Single-family residential (SFR) loans
Single-family mortgage loans are the largest segment, at 1.66 billion USD, or 50.0% of the loan portfolio at 31 December 2025 1. They are aimed mainly at Asian-American clients, partly non-qualified, and some are sold in the secondary market, with the bank adding new secondary-market channels during 2025 1.
Commercial real estate (CRE) loans
The CRE portfolio, including multi-family loans, made up 39.3% of total loans at year-end 2025, with significant exposure to multi-family and income-producing properties 1. The quality of this segment remains sensitive to real estate values, a point the bank states explicitly as a risk factor 1.
Commercial and industrial (C&I) loans
C&I loans, including trade finance, form a smaller part of the portfolio and mainly serve small and middle-market businesses 1. The bank also reports SBA 7(a) loans, and in the quarter ended 30 September 2026 loan growth was supported by originations with an average yield of 6.30% 123.
Market context
The bank's activity depends on local economies in California, Nevada, New York and Hawaii, and on real estate markets in those metropolitan areas 1. Economic links with Asia, demand from clients with Asian connections and deposit flows are additional factors that could affect results if conditions change 1.
Trends
- Higher rates and a rising marginmixed
The net interest margin rose to 3.16% in the third quarter of 2026, partly due to higher asset yields and a lower cost of funds; if rates remain high, this could continue, although deposit costs may reduce the benefit 3.
- Improving credit qualitytailwind
Nonperforming assets fell to 38.7 million USD at 30 September 2026, suggesting a positive portfolio trend; if problem-asset resolution continues, provisions could stay low 3.
- Pressure on deposit costsheadwind
The weighted average rate on total deposits rose to 2.82% at 30 September 2026, partly reflecting a recent increase in the Fed funds rate; further deposit cost increases could compress the margin 3.
- Unrealized losses on AFS securitiesheadwind
Unrealized pre-tax losses on the AFS portfolio widened as market rates rose, which can reduce book equity if rates stay high, although they do not directly affect regulatory capital ratios 23.
Competitive position
Competition comes from three overlapping segments: publicly traded banks, locally based banks and subsidiaries of Taiwanese or Chinese banks, all competing for deposits and loans in the target markets 1. In some markets there is also overlap with Korean-American and other Asian-American banks, which intensifies competition for loans and deposits 1.
The bank differentiates itself through expertise in Asian-centric lending, quick response times and long-standing client relationships, but this edge could weaken if larger banks extend their offering to the same segments 1.
- Publicly traded Asian-American banks
Listed banks in the same community niche compete directly for deposits and loans from Asian clients in California and New York 1.
- Locally based Asian-American banks
Local banks in Asian communities compete in the same markets with close relationships and fast loan approval 1.
- Subsidiaries of Taiwanese and Chinese banks
Subsidiaries of banks from Taiwan or mainland China compete for clients with trade links to Asia, especially for trade finance 1.
- Korean-American banks
In some geographies, Korean-American banks compete for the same business clients and deposits in Asian communities 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report19 Oct 2026Results of operations · Regulation FD disclosure · Other events · Financial statements and exhibits
- Current report08 Sept 2026Departure or appointment of officers
- Quarterly report07 Aug 2026
- Current report20 Jul 2026Results of operations · Regulation FD disclosure · Other events · Financial statements and exhibits
- Current report15 Jun 2026Other events · Financial statements and exhibits
- Current report22 May 2026Shareholder vote
- Quarterly report08 May 2026
- Current report20 Apr 2026Results of operations · Regulation FD disclosure · Other events · Financial statements and exhibits
- Proxy statement10 Apr 2026
- Current report06 Apr 2026Departure or appointment of officers
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / RBB Bancorp · 09 Mar 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / RBB Bancorp · 07 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / RBB Bancorp · 19 Oct 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.