RBB Bancorp Authorizes $25M Share Buyback Program and $40M Notes Redemption
RBB•RBB Bancorp's board approved repurchasing up to 1 million common shares (~$25 million or 6% of outstanding) through June 30, 2028, via open market or private transactions. The company also plans a $40 million partial redemption of its 4.0% subordinated notes due 2031, totaling ~$40.7 million including accrued interest.
1. Authorized Stock Repurchase Plan
RBB Bancorp’s board has authorized a repurchase of up to 1 million common shares through June 30, 2028, representing approximately $25 million or 6% of current outstanding shares. Purchases may occur in the open market, through private or block trades, or via Rule 10b5-1 trading plans, and the plan may be suspended or modified based on market conditions.
2. Partial Redemption of Subordinated Notes
The company intends to redeem $40 million of its 4.0% fixed-to-floating rate subordinated notes due March 31, 2031, with an expected redemption date of July 1, 2026. At 100% of principal plus accrued interest, the redemption payment is roughly $40.7 million, leaving $80 million in notes outstanding, which will reset to three-month SOFR plus 329 basis points.
3. Capital and Liquidity Position
These actions underscore RBB Bancorp’s strong capital position and ample liquidity as of March 31, 2026, when total assets stood at $4.2 billion. The repurchase and redemption form part of the company’s broader capital management strategy to optimize its balance sheet and support future growth.
