RBB Bancorp Declares $0.16 Quarterly Dividend

RBB Bancorp (NASDAQ: RBB), a Los Angeles-based commercial bank serving businesses and communities through its subsidiary Royal Business Bank, announced April 20, 2026 that its board of directors declared a quarterly cash dividend of $0.16 per common share. The dividend will be paid May 15, 2026 to shareholders of record as of April 30, 2026. Read more dividend announcements.

The dividend announcement came as the company reported first quarter 2026 financial results showing net income of $11.3 million, or $0.66 per diluted share, up from $10.2 million, or $0.59 per diluted share, in the prior quarter.

First Quarter Performance

The company reported return on average assets of 1.09% for the first quarter, up from 0.96% in the prior quarter. Net interest margin expanded to 3.15% from 2.99% in the fourth quarter of 2025.

Pre-tax pre-provision income totaled $15.5 million, a 16% increase compared to the prior quarter. Net interest income rose to $30.5 million from $29.5 million in the fourth quarter.

Book value per share increased to $31.10 at March 31, 2026, up from $30.69 at December 31, 2025. Tangible book value per share rose to $26.84 from $26.42 over the same period.

Nonperforming assets decreased 9% to $48.8 million at March 31, 2026, compared to the prior quarter end. The company recorded a $200,000 reversal of provision for credit losses in the first quarter, compared to a $600,000 provision in the fourth quarter of 2025.

The allowance for credit losses totaled $44.2 million at March 31, 2026, including an allowance for loan losses of $43.7 million and a reserve for unfunded commitments of $484,000.