RBB Bancorp reported net income of $10.2 million for the quarter ended December 31, 2025, translating to $0.59 diluted earnings per share, up from $0.25 per share in the year-ago period. Return on average assets stood at 0.96%, nearly flat with 0.97% in Q3, while net interest margin improved by one basis point to 2.99%. Loans held for investment grew by $11.7 million (1.4% annualized), and classified and criticized loans fell $31.8 million (25.2%) to $94.4 million. Nonperforming assets declined by $852,000 (1.6%) to $53.5 million, underscoring ongoing credit normalization. Book value per share rose to $30.69 and tangible book value per share to $26.42, up from $30.18 and $25.89, respectively.

For the full year, net income reached $31.9 million, or $1.83 diluted earnings per share, marking increases of 19.8% and 24.5% over fiscal 2024. Pre-tax pre-provision income was $52.5 million, up 15.3%. Loan portfolio growth totaled $261.1 million (8.6%), while classified and criticized loans decreased $71.3 million (43.0%) year-over-year. Nonperforming assets fell by $27.6 million (34.0%) to $53.5 million. The company returned $25.3 million to shareholders through dividends and share repurchases and improved book and tangible book values per share by 7.1% and 7.8%, respectively.

Net interest income for Q4 rose to $29.5 million, a $231,000 increase over Q3, driven by a $496,000 reduction in interest expense on FHLB advances and a $353,000 uptick in loan interest income despite a $565,000 decline in securities income. The net interest margin widened by one basis point to 2.99%, reflecting an 8 basis point drop in funding costs to 3.04% and a modest 7 basis point decrease in yields on earning assets to 5.78%. On a full-year basis, net interest income climbed to $112.3 million (from $99.4 million), and NIM expanded by 25 basis points to 2.95%, supported by a 38 basis point fall in funding costs.

RBB’s provision for credit losses totaled $600,000 in Q4, slightly below the prior quarter’s $625,000, with net charge-offs of $1.6 million (0.20% of average loans), largely stemming from a short sale of an $8.4 million substandard commercial real estate loan. For the year, the provision was $10.4 million (versus $9.9 million in 2024) amid 8.6% annual loan growth, and net charge-offs rose to $14.4 million (0.45% of average loans) as the bank resolved remaining nonperforming assets. The decline in nonperforming assets and lower classified loan balances signal continued credit quality improvement.