RBB Bancorp Reports Fourth Quarter and Fiscal Year 2025 Earnings and Declares Quarterly Cash Dividend of $0.16 Per Common Share

Core Viewpoint - RBB Bancorp reported strong financial results for the fourth quarter and fiscal year 2025, highlighting solid loan growth, improved performance ratios, and a decrease in non-performing assets, which reflects a positive trend in credit quality [4][5]. Fourth Quarter 2025 Highlights - The company achieved a net income of $10.2 million, or $0.59 diluted earnings per share, for Q4 2025, slightly up from $10.1 million in Q3 2025 [4]. - Net interest income for Q4 2025 was $29.5 million, an increase from $29.3 million in Q3 2025, driven by a decrease in interest expense [6]. - The net interest margin (NIM) increased to 2.99% in Q4 2025 from 2.98% in Q3 2025, reflecting a decrease in the overall cost of funds [7]. - Loans held for investment grew by $11.7 million, or 1.4% annualized, compared to the previous quarter [7]. - Nonperforming assets decreased to $53.5 million, down 1.6% from the previous quarter [7]. Fiscal 2025 Highlights - For the fiscal year 2025, net income totaled $31.9 million, a 19.8% increase compared to $26.7 million in fiscal 2024 [4]. - Net interest income for the year was $112.3 million, up from $99.4 million in 2024, attributed to a decrease in interest expense and an increase in interest income [10]. - The NIM for fiscal 2025 was 2.95%, an increase of 25 basis points from 2.70% in fiscal 2024 [11]. - Total loans held for investment increased by $261.1 million, or 8.6%, compared to the previous year [11]. - Nonperforming assets decreased by $27.6 million, or 34.0%, compared to year-end 2024 [11]. Credit Quality - Nonperforming loans totaled $44.6 million at December 31, 2025, down from $45.5 million at September 30, 2025 [29]. - Classified and criticized loans decreased by $71.3 million, or 43.0%, to $94.4 million at year-end 2025 compared to the previous year [7]. - The allowance for credit losses was $44.4 million, down from $45.4 million at September 30, 2025, reflecting net charge-offs and provisions for credit losses [35]. Shareholders' Equity - Total shareholders' equity increased to $523.4 million at December 31, 2025, a $9.1 million increase from the previous quarter [37]. - Book value per share rose to $30.69, up from $30.18 at September 30, 2025, and tangible book value per share increased to $26.42 [38]. Dividend Announcement - The Board of Directors declared a quarterly cash dividend of $0.16 per common share, payable on February 13, 2026 [39].