RBB Bancorp
- Open
- 27.25
- Day high
- 28.24
- Day low
- 27.25
- Prev close
- 27.26
- Volume
- 182K
- Mkt cap
- $473M
- P/E (TTM)
- 11.8
- EPS (TTM)
- $2.37
- P/B
- 0.9
- P/S
- 1.9
- Yield
- 2.29%
- Per share
- $0.64
- ▼Insiders net selling -$697K over the last 3 months (0 open-market buys, 6 sales)
- 🏛Institutions accumulating (13F)
RBB Bancorp (RBB) is a Financial Services company listed on NASDAQ. The stock is up 50% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 6 sales (SEC Form 4).
RBB Bancorp (RBB) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
RBB earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 21, 2026 | $0.45 | $0.66 | +46.7% | $35M | +7.3% |
| Jan 26, 2026 | $0.49 | $0.59 | +20.4% | $32M | -0.2% |
| Oct 20, 2025 | $0.41 | $0.59 | +43.9% | $33M | -1.9% |
| Jul 21, 2025 | $0.36 | $0.52 | +44.4% | $36M | +12.9% |
| Feb 3, 2025 | $0.37 | $0.25 | -32.4% | $29M | +0.8% |
| Oct 21, 2024 | $0.38 | $0.39 | +2.6% | $30M | +6.8% |
| Jul 22, 2024 | $0.34 | $0.39 | +14.7% | $27M | +0.2% |
| Mar 12, 2024 | — | $0.64 | — | $62M | — |
| Jul 24, 2023 | $0.57 | $0.58 | +1.8% | $34M | +1.6% |
| Apr 7, 2023 | — | $0.92 | — | $55M | — |
| Jan 23, 2023 | $0.89 | $0.92 | +3.4% | $42M | -3.6% |
| Jul 25, 2022 | $0.75 | $0.80 | +6.7% | $40M | +5.8% |
RBB insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 8, 2026 | Morris David Richarddirector | Sell | 1,946 | $23.99 |
| May 27, 2026 | Fan Garyofficer: EVP/Chief Operations Officer | Sell | 2,368 | $24.01 |
| May 26, 2026 | Franko Robertdirector | Option | 700 | — |
| May 26, 2026 | Polakoff Scottdirector | Option | 1,846 | — |
| May 26, 2026 | Pannu Geraldinedirector | Option | 700 | — |
| May 26, 2026 | Polakoff Scottdirector | Option | 700 | — |
| May 26, 2026 | Polakoff Scottdirector | Grant | 2,546 | — |
| May 26, 2026 | Bennett Billdirector | Option | 700 | — |
| May 26, 2026 | Wong Lee Joycedirector | Option | 700 | — |
| May 26, 2026 | Kao Jamesdirector | Grant | 2,662 | — |
| May 26, 2026 | Wong Frankdirector | Option | 700 | — |
| May 26, 2026 | Kao Jamesdirector | Option | 700 | — |
| May 26, 2026 | Wong Frankdirector | Grant | 2,546 | — |
| May 26, 2026 | Morris David Richarddirector | Grant | 2,646 | — |
| May 26, 2026 | Kao Christinadirector | Option | 700 | — |
Source: RBB SEC Form 4 filings, latest Jun 8, 2026. For informational purposes only — not investment advice.
See the full RBB insider & 13F page →RBB Bancorp company profile
Overview
RBB Bancorp (NASDAQ:RBB) is a Los Angeles-based bank holding company founded in 2008 that operates Royal Business Bank. The company went public in July 2017 and serves primarily Chinese-American, Korean-American, and other Asian-American communities across the Western and Eastern United States. RBB Bancorp operates 23 branches spanning California, Nevada, Hawaii, New York, Illinois, and New Jersey, positioning itself as a relationship-focused community bank specializing in serving Asian-American businesses and individuals.
Business
RBB Bancorp operates in the regional banking industry, providing traditional banking services through its subsidiary Royal Business Bank. A regional bank is a financial institution that operates in a specific geographic area, typically serving local communities and businesses rather than having a national presence like major money center banks. The company's core business revolves around two main activities: lending and deposit-taking. On the lending side, RBB offers various loan products including commercial real estate loans (which represent 39-41% of their total loan portfolio), construction and development loans (6-7% of portfolio), commercial and industrial lines of credit, small business administration (SBA) loans, and residential mortgages. The bank has built a substantial $1.5 billion residential mortgage portfolio, primarily consisting of non-qualified mortgages (non-QM) - these are mortgages that don't meet standard government-sponsored enterprise guidelines but serve borrowers who may not qualify for traditional financing. On the deposit side, the bank offers checking accounts, savings accounts, money market accounts, and certificates of deposit to individuals, businesses, and municipalities. The bank also provides ancillary services such as international trade finance, foreign exchange services, letters of credit, and digital banking platforms including mobile and online banking services. RBB's loan portfolio composition is roughly split 50/50 between commercial and residential lending, with total loans of approximately $3 billion. The bank maintains an average loan-to-value ratio of around 56-61% across its portfolio, indicating conservative underwriting standards. The company has strategically reduced its reliance on wholesale deposits from 16% to under 5% of total deposits, focusing instead on relationship-based core deposits totaling approximately $3 billion.
Revenue model
RBB Bancorp operates on the traditional banking business model of net interest income generation, where the bank borrows money from depositors at lower interest rates and lends it out at higher rates, capturing the spread as profit. The bank's primary revenue source is net interest income, supplemented by fee income from services like international trade finance, foreign exchange, and loan origination fees. The bank's paying customers fall into two categories: borrowers who pay interest on loans, and depositors who provide funding in exchange for interest payments and banking services. RBB's customer base is concentrated in Asian-American communities, particularly Chinese-American and Korean-American businesses and individuals who value relationship-based banking and cultural familiarity. Several factors significantly impact RBB's profitability margins. Interest rate environment is the most critical factor - rising rates generally benefit banks by allowing higher loan yields, but also increase deposit costs. RBB's net interest margin peaked around 4% in 2022-2023 but compressed to 2.68-2.76% by 2024 as deposit costs rose faster than loan yields could adjust. Credit quality represents another major margin factor, as loan losses directly impact profitability. The bank currently faces challenges with $60-81 million in non-performing loans, requiring provisions that reduce net income. Deposit competition significantly affects funding costs, particularly in RBB's geographic markets where customers have multiple banking options. The bank has worked to reduce wholesale funding dependency and attract lower-cost relationship deposits. Regulatory compliance costs also impact margins, as RBB recently resolved a consent order and continues investing in compliance infrastructure. Finally, loan demand and competition in commercial real estate and residential mortgage markets affects both loan pricing and volume, with RBB facing a competitive lending environment that pressures loan yields.
Competitive moat
RBB Bancorp operates with a narrow and relatively weak competitive moat typical of smaller regional banks. The company's primary competitive advantage lies in its cultural and linguistic specialization serving Asian-American communities, particularly in major metropolitan areas with significant Asian populations. This niche focus provides some customer loyalty and relationship stickiness, as clients value bankers who understand their cultural business practices and can communicate in their native languages. The bank's relationship-based banking model offers modest protection against digital disruption and larger competitors, as small business owners and affluent individuals often prefer personalized service for complex financial needs. RBB's presence in high-value real estate markets like Los Angeles, Orange County, New York, and Hawaii provides access to substantial loan demand and wealthy depositors. However, these advantages are limited and face significant competitive threats. Larger banks increasingly target Asian-American markets with dedicated programs and multilingual staff, leveraging superior technology platforms and broader product offerings. Fintech companies threaten traditional banking relationships through digital lending platforms and payment solutions that bypass traditional banks. Credit unions and other community banks also compete for the same customer base, often with similar cultural understanding but potentially better pricing or locations. The bank's small scale ($4 billion in assets) limits its ability to invest in technology, offer competitive pricing, or diversify geographically. RBB lacks the economies of scale enjoyed by larger regional banks and cannot offer the comprehensive financial services that wealthy clients increasingly demand. The concentration in commercial real estate lending also creates vulnerability to local economic downturns and regulatory changes affecting CRE markets. Overall, while RBB maintains some customer loyalty through cultural specialization, its moat is narrow and faces ongoing erosion from both larger competitors and technological disruption.
Risks & safety
RBB Bancorp presents a moderate margin of safety with manageable financial risks but some concerns around asset quality and profitability sustainability. **Liquidity and Solvency:** 1. Strong cash position of $258 million provides substantial liquidity buffer 2. Debt-to-equity ratio of 0.72 is reasonable for a bank, indicating moderate leverage 3. No immediate solvency concerns with total assets of $4 billion versus liabilities of $3.5 billion **Asset Quality Concerns:** 4. Non-performing loans of $81 million (2% of total assets) represent elevated credit risk 5. Recent migration of loans to non-accrual status, including a $26 million construction loan 6. Management expects resolution of most credit issues by end of 2025, but execution risk remains **Valuation Metrics:** 7. Price-to-earnings ratio of 20.8x appears elevated given current profitability challenges 8. Price-to-book ratio of 0.72x suggests market skepticism about asset quality 9. Return on equity of only 0.9% in Q4 2024 indicates poor profitability relative to shareholder equity **Other Considerations:** 10. Recent leadership transition with new CEO Johnny Lee may create execution uncertainty 11. Net interest margin compression from 4% peak to 2.76% significantly impacts earnings power 12. Regulatory consent order recently resolved, reducing compliance overhang
Recent development
Over the past few years, RBB Bancorp has undergone significant strategic and operational changes. The most notable recent development is a leadership transition, with Johnny Lee appointed as President and CEO, replacing David Morris who retired but remains on the Board of Directors. This change occurred during Q4 2024 and represents a key inflection point for the company's strategic direction. The bank successfully resolved a regulatory consent order in August 2024, removing a significant operational constraint that had limited growth initiatives and required substantial compliance investments. This resolution allows management to refocus on growth and value-creating opportunities rather than regulatory remediation. RBB has made substantial progress in optimizing its funding structure, dramatically reducing wholesale deposits from 16% of total deposits in 2022 to under 5% by 2024. This shift toward relationship-based core deposits improves funding stability and reduces interest rate sensitivity, though it has required aggressive deposit pricing in a competitive market. The bank has been actively managing credit quality challenges, with non-performing loans increasing to $60-81 million through 2024. Management has taken proactive steps including specific reserves and expects to resolve approximately 70% of these issues by mid-to-end 2025. Most problematic loans originated before 2022, suggesting improved underwriting standards in recent years. Capital allocation has evolved significantly, with the bank implementing share repurchase programs totaling over 400,000 shares in recent periods. Management authorized up to 1 million shares for repurchase and expects to resume buybacks in 2025 after focusing on credit resolution. The bank also redeemed $55 million in subordinated notes to optimize its capital structure. Strategically, RBB continues exploring merger and acquisition opportunities within the Asian-American banking market, though no specific transactions have been announced. The bank has also invested in expanding its commercial lending capabilities by hiring additional commercial lenders to support relationship growth and loan production.
RBB company profile · for informational purposes only — not investment advice.
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