RBB Bancorp Q1 net income falls to $2.3M; provision for credit losses $6.7M

RBB Bancorp

2025-Q1 EPS reported $0.13 revenue$1,113,000

Net income of $2.3M ($0.13 diluted EPS) down from $4.4M ($0.25) in Q4 2024; ROA 0.24%.
Net interest margin expanded to 2.88% from 2.76%; net loans grew $89.8M, or 12% annualized.
Provision for credit losses totaled $6.7M, mainly from $2.8M in specific reserves on two lending relationships.
Nonperforming assets decreased $16.5M to $64.6M; substandard loans fell $24M to $76.4M.
Book value per share $28.77, tangible book $24.63; Q1 dividends paid $2.9M.

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