Core Insights - RBB Bancorp reported a net income of $10.1 million, or $0.59 diluted earnings per share, for Q3 2025, an increase from $9.3 million, or $0.52 per share, in Q2 2025, driven by higher net interest income, lower credit costs, and a reduced effective tax rate [3][9][4] Financial Performance - Net interest income rose to $29.3 million in Q3 2025 from $27.3 million in Q2 2025, attributed to a $3.2 million increase in interest income, primarily from loans [5] - The net interest margin (NIM) improved to 2.98% in Q3 2025, up from 2.92% in Q2 2025, due to a higher yield on average interest-earning assets [6][9] - Noninterest income decreased to $3.3 million in Q3 2025, down from $8.5 million in Q2 2025, mainly due to the absence of Employee Retention Credit (ERC) funds received in the previous quarter [11] - Noninterest expense decreased to $18.7 million in Q3 2025 from $20.5 million in Q2 2025, primarily due to lower legal and professional expenses [12] Credit Quality - The provision for credit losses was $625,000 in Q3 2025, significantly lower than $2.4 million in Q2 2025, reflecting improved credit conditions [8] - Nonperforming assets decreased to $54.3 million, or 1.29% of total assets, down from $61.0 million, or 1.49% of total assets, in Q2 2025 [18] - Classified and criticized loans fell by $56.1 million, or 30.8%, to $126.2 million at the end of Q3 2025 [9][21] Balance Sheet Highlights - Total assets increased by $118.4 million, or 2.9%, to $4.2 billion as of September 30, 2025, compared to June 30, 2025 [14] - Loans held for investment totaled $3.3 billion, reflecting an increase of $67.9 million, or 8.3% annualized, from the previous quarter [15] - Total deposits rose to $3.4 billion, an increase of $178.3 million, or 22.2% annualized, compared to Q2 2025 [17] Shareholder Information - The Board of Directors declared a quarterly cash dividend of $0.16 per common share, payable on November 12, 2025 [28] - Total shareholders' equity was $514.3 million as of September 30, 2025, a decrease from $517.7 million at the end of Q2 2025, primarily due to stock repurchases [26][27]