RBB Bancorp RBB
RBB Bancorp is a bank holding company registered under the Bank Holding Company Act of 1956, as amended. RBB Bancorp's principal business is to serve as the holding company for its wholly-owned banking subsidiaries, Royal Business Bank ("Bank") and RBB Asset Management Company ("RAM"), collectively referred to herein as "the Company." RBB Bancorp was formed in January 2011 as a bank holding company and RAM was formed in 2012 to hold and manage problem assets acquired in business combinations. There are no problem assets at RAM or activity in this subsidiary for the fiscal years ended 2025 or 2024. When we refer to "we", "us", "our", or the "Company", we are referring to RBB Bancorp and its consolidated subsidiaries including the Bank, collectively. When we refer to the "parent company", "Bancorp", or the "holding company", we are referring to RBB Bancorp, the parent company, on a stand-alone basis.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.2M | $5.3M | $5.3M | $5.6M | $7.1M | $4.5M | $3.8M | $2.5M | $2.0M | $68.2M |
| Interest expense | $112.3M | $99.4M | $119.3M | $149.6M | $22.7M | $34.4M | $44.9M | $23.6M | $13.9M | $11.7M |
| Pre-tax income | $42.1M | $35.7M | $60.2M | $91.3M | $80.9M | $47.5M | $55.3M | $46.2M | $46.8M | $32.6M |
| Income tax | $10.2M | $9.0M | $17.8M | $27.0M | $24.0M | $14.5M | $16.1M | $10.1M | $21.3M | $13.5M |
| Net income | $31.9M | $26.7M | $42.5M | $64.3M | $56.9M | $32.9M | $39.2M | $36.1M | $25.5M | $19.1M |
| EPS, basic | 1.83 | 1.47 | 2.24 | 3.37 | 2.92 | 1.66 | 1.96 | 2.11 | 1.81 | 1.49 |
| EPS, diluted | 1.83 | 1.47 | 2.24 | 3.33 | 2.86 | 1.65 | 1.92 | 2.01 | 1.68 | 1.39 |
| Shares, diluted (wtd. avg.) | $17.5M | $18.2M | $19.0M | $19.3M | $19.8M | $19.9M | $20.4M | $18.0M | $15.2M | $13.7M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $212.3M | $257.7M | $431.4M | $83.5M | $694.4M | $194.7M | $181.8M | $147.7M | $150.0M | $118.7M |
| Property, plant and equipment | $23.5M | $24.6M | $25.7M | $27.0M | $27.2M | $27.1M | $16.8M | $17.3M | $6.6M | $6.6M |
| Goodwill | $71.5M | $71.5M | $71.5M | $71.5M | $69.2M | $69.2M | $10.7M | $58.4M | $29.9M | $29.9M |
| Other intangibles | — | $2.0M | $2.8M | — | — | — | $6.1M | $7.6M | $1.4M | — |
| Total assets | $4.21B | $3.99B | $4.03B | $3.92B | $4.23B | $3.35B | $2.79B | $2.97B | $1.69B | $1.40B |
| Long-term debt | $119.9M | $119.5M | $119.1M | $173.6M | $173.0M | $104.4M | $104.0M | $103.7M | $49.5M | $49.4M |
| Total liabilities | $3.68B | $3.48B | $3.51B | $3.43B | $3.76B | $2.92B | $2.38B | $2.60B | $1.43B | $1.21B |
| Retained earnings | $282.0M | $264.5M | $255.2M | $225.9M | $181.3M | $138.1M | $112.0M | $81.6M | $51.3M | $30.8M |
| Total equity | $523.4M | $507.9M | $511.3M | $484.6M | $466.7M | $428.5M | $407.7M | $374.6M | $265.2M | $181.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $43.4M | $58.5M | $51.3M | $93.8M | $202.2M | $124.5M | $476.5M | -$84.6M | $28.8M | $56.2M |
| Stock-based compensation | $1.7M | $1.4M | $750.0K | $848.0K | $1.1M | $686.0K | $689.0K | $684.0K | $779.0K | $894.0K |
| Capital expenditure | $798.0K | $788.0K | $652.0K | $2.1M | $2.0M | $4.2M | $1.4M | $2.5M | $684.0K | $210.0K |
| Investing cash flow | -$260.2M | -$160.4M | $243.3M | -$260.2M | -$504.2M | -$446.0M | -$219.4M | -$322.4M | -$264.4M | $7.2M |
| Financing cash flow | $171.4M | -$71.7M | $53.2M | -$444.5M | $801.7M | $334.4M | -$223.0M | $404.7M | $267.0M | -$58.6M |
| Dividends paid | $11.3M | $11.7M | $12.2M | $10.7M | $9.9M | $6.6M | $8.0M | $5.8M | $5.1M | $2.6M |
| Buybacks | $14.0M | $20.7M | $6.8M | $19.8M | $10.5M | $7.9M | $3.2M | $0 | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-011980.
Others in SIC 6022
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| BNY | Bank of New York Mellon Corp | $111.84B | 22.3x | 7.8% |
| STT | STATE STREET CORP | $53.36B | 20.7x | 7.3% |
| FITB | FIFTH THIRD BANCORP | $49.76B | 15.5x | -5.0% |
| MTB | M&T BANK CORP | $34.64B | 14.1x | 7.5% |
| NTRS | NORTHERN TRUST CORP | $34.15B | 21.4x | 6.1% |
| CFG | CITIZENS FINANCIAL GROUP INC/RI | $29.81B | 18.3x | 6.7% |
| FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | $25.48B | 13.4x | -2.2% |
| EWBC | EAST WEST BANCORP INC | $17.92B | 13.7x | 2.4% |