secwatch.observer — SEC 8-K summary
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Issuer:     RBB Bancorp (RBB)
CIK:        0001499422
Form:       8-K
Filed at:   2026-06-15T16:37:44+00:00
Accession:  0001437749-26-020620
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RBB Bancorp authorizes $25M share repurchase (1M shares) and redeems $40M subordinated notes
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- Board authorizes repurchase of up to 1M shares (~$25M, ~6% of outstanding) through June 30, 2028.
- Company to redeem $40M aggregate principal of 4.00% Fixed-to-Floating Subordinated Notes due 2031 on July 1, 2026 at ~$40.7M.
- After redemption, $80M of notes will remain outstanding; interest rate resets to 3-month SOFR + 329 bps.
- Prior repurchase plan (authorized May 2025 for up to $18M) was fully exhausted in Q2 2026.
- Management cites strong capital position and liquidity as rationale for these capital management actions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1499422/000143774926020620/0001437749-26-020620-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1499422/000143774926020620/rbb20260611_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-020620

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