RBB Bancorp (NASDAQ: RBB) is a bank holding company that provides business-banking and consumer financial products primarily to Asian-centric communities across several U.S. metropolitan markets. Revenue comes primarily from net interest income on a loan portfolio concentrated in commercial real estate, construction and land development, commercial and industrial lending, and single-family residential mortgages, supplemented by noninterest income from service charges, loan servicing, and gains on loan sales. RBB Bancorp was formed in January 2011 and operates through its wholly-owned subsidiary Royal Business Bank. As of December 31, 2025, the SBA loan portfolio totaled $56.0 million, or 1.7% of total loans, and the securities portfolio carried a fair value of approximately $411.3 million. The Bank paid dividends to the holding company of $45.0 million for the year ended December 31, 2025. The company paid common stockholder dividends of $11.3 million for the year ended December 31, 2025. RBB Bancorp holds $46.6 million in cash at the holding company level as of December 31, 2025.
- Revenue model
- Net interest income on loans and investment securities is the primary revenue driver, spread between interest earned on earning assets and interest paid on deposits and borrowings. Noninterest income includes service charges and fees ($4.2 million, FY2025), loan servicing income net of amortization ($2.2 million, FY2025), gains on sale of loans ($1.2 million, FY2025), and increases in cash surrender value of bank-owned life insurance ($1.7 million, FY2025), per the 10-K filed 2026-03-09.
- Products and services
- Five main lending products: commercial real estate loans (owner-occupied and non-owner-occupied, including single-family for business purposes and multifamily), construction and land development loans, commercial and industrial loans (asset-based lending, trade finance, working capital lines, term loans), single-family residential mortgages primarily to Asian-American borrowers through correspondent banking and branch network, and SBA 7(a) and 504 loans under the SBA Preferred Lender Program. Deposit products include checking, savings, money market, and time deposits for individuals, businesses, municipalities, and other entities.
- Customers and end markets
- Primary customers are small and mid-sized businesses in Asian-centric communities with loan needs of $1 million to $20 million (average loan size of $3 million to $7 million). SFR mortgage lending targets Asian-American borrowers accepting higher down payments and fees in exchange for reduced documentation. SBA lending serves small manufacturing, wholesale, retail, hotel/motel, and service businesses. Deposit customers include individuals, businesses, and municipalities.
- Value-chain role
- Community bank originating and primarily holding loans for investment, with selective secondary-market sales of SBA guaranteed loan portions and qualifying SFR mortgages sold to FNMA and FHLMC. Royal Business Bank is the operating subsidiary; RBB Asset Management Company was formed in 2012 to manage problem assets from acquisitions but had no activity in FY2024 or FY2025.
- Geographic exposure
- Branch network spans Los Angeles County, Orange County, and Ventura County (California), Las Vegas (Nevada), New York City metropolitan area, Chicago (Illinois), Edison (New Jersey), and Honolulu (Hawaii), per the 10-K filed 2026-03-09.
