Rbb Bancorp · NASDAQ:RBB
Rbb Bancorp — Shareholder Meeting (May 2020)
18 slides from Rbb Bancorp's shareholder meeting presentation, May 14, 2020
Slide 1: Annual Meeting Presentation
May 13, 2020 Annual Meeting Presentation Exhibit 99.1
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain matters set forth herein (including the exhibits hereto) constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including forward-looking statements relating to RBB’s current business plans, its future fina
Slide 3: RBB Bancorp – Who We Are
Balance Sheet (Dollars in millions) Total Assets $3,129 Gross Loans, Including Held for Sale $2,452 Total Deposits $2,436 Tangible Common Equity1 $332 Tangible Common Equity / Tangible Assets1 10.87% NPAs / Assets2 0.66% Profitability Return on Average Assets, annualized 0.90% Return on Average Tang
Slide 4: High-performing community bank with defined and proven strategy
High-performing community bank with defined and proven strategy to grow both organically and through acquisitions Insider ownership (including family holdings) at 34% and high deposit balances, aligns interests with public shareholders Experienced management team and Board of Directors with demonstr
Slide 5: Peer Analysis
Peer Analysis Select major exchange traded Asian-American banks Operating & Performance Metrics (MRQ) Trading & Market Metrics Price Stock Performance Company Assets LTM Asset Growth ROAA ROATCE NIM Loans/ Deposits Efficiency Ratio TCE / TA TBV 2020 EPS 2021 EPS Dividend Yield One Year YTD East West
Slide 6: COVID-19 Impact and Response
COVID-19 Impact and Response We are actively addressing client needs Enrolling clients in the SBA Paycheck Protection Program As of April 30, 2020, we have received approvals from the SBA for 234 loans in the total amount of $31.6 million The following table as of April 30, 2020 is intended to summa
Slide 7: COVID-19 Impact and Response - Continued
We are actively addressing client needs Offering loan relief to all impacted clients As of April 30, 2020, we have extended payment relief on $436 million loans across our entire $2.5 billion loan portfolio, representing 17.3% of the total $230 million were for single family residential borrowers $2
Slide 8: Our History
Our History Historical Progression of Franchise Growth Opened 2008 Source: Pages 3-4 in the S-1 Opened SBA banking unit 2010 Raised over $54mm in private offering of common stock 2012 Opened residential mortgage unit 2014 Earned Findley Reports’ “Super Premier” status February: Acquired Named a CDFI
Slide 9: Our Current Footprint
Our Current Footprint Orange County, California Irvine Branches (24) Los Angeles County, California Clark County, Nevada Ventura County, California Arcadia Cerritos Diamond Bar Los Angeles (Downtown) Los Angeles (Westwood) Los Angeles (Silver Lake) Monterey Park Rowland Heights San Gabriel Torrance
Slide 10: Demonstrated Track Record of Balance Sheet and Earnings Growth
Demonstrated Track Record of Balance Sheet and Earnings Growth (1) Non-GAAP reconciliation in Appendix Total Loans ($mm) Total Deposits ($mm) Net Income ($mm) Return on Average Tangible Common Equity1 2013 – 2019 CAGR = 26.0% 2013 – 2019 CAGR = 25.6% 2013 – 2019 CAGR = 33.3%
Slide 11: Earnings Per Share Calculation
1Q20 2019 2018 Net Income 6,748 39,209 36,105 Number of Share Outstanding 19,739,280 20,030,886 20,000,022 Basic Earning Per Share 0.34 1.96 2.11 Diluted Average Shares Outstanding 20,066,328 20,393,424 17,967,653 Diluted Earning Per Share 0.33 1.92 2.01 Dividends Declared 0.12 0.40 0.35 Total Share
Slide 12: Outstanding Financial Performance
Outstanding Financial Performance Non-GAAP reconciliation in Appendix on page 27 Return on Average Assets Return on Average Tangible Common Equity1 Efficiency Ratio (FTE) Noninterest Income / Average Assets
Slide 13: Diversified Loan Portfolio
$2.45 billion total loans as of March 31, 2020 Diversified across industry lines Single Family Residential - Mainly non-QM mortgages Commercial Real Estate - Owner occupied and Investor owned Commercial and Industrial - Majority secured by assets SBA - Primarily SBA 7(a) loans for business acquisiti
Slide 14: Disciplined Credit Culture
Disciplined Credit Culture Nonperforming loans include nonaccrual loans, loans past due 90 days or more and still accruing interest and loans modified under troubled debt restructurings; nonperforming loans exclude PCI loans acquired in prior acquisitions Nonperforming assets include nonperforming l
Slide 15: Deposit Portfolio Composition
Avg. Balance Weighted ($mm) Avg. Rate Noninterest-Bearing Demand $485.6 0.00% NOW $43.8 0.39% Savings $115.0 0.19% Money Market $432.0 1.02% Retail Time¹ $671.3 1.81% Jumbo Time² $620.9 2.18% Brokered Time3 $66.4 2.12% Total Deposits $2,435.0 1.38% Deposit Portfolio as of March 31, 2020 Retail Time
Slide 16: Profitability Drivers
Profitability Drivers Yield on Average Interest-Earning Assets Cost of Average Interest-Bearing Liabilities Net Interest Margin (FTE) Efficiency Ratio (FTE)
Slide 17: Consolidated Capitalization Table and Capital Ratios
(Dollars in millions, except per share amounts) As of March 31, 2020 Actual Long-Term Debt Long-Term Debt $104.1 Subordinated Debentures 14.1 Total Long-Term Debt $118.2 Shareholders' Equity Common Stock $286.4 Additional Paid-in Capital 4.8 Treasury Stock -- Retained Earnings 116.1 Accumulated Othe
Slide 18: Interest Rate Risk Profile
Interest Rate Risk Profile Note: Assumes parallel shifts in market interest rates 12-Month Net Interest Income Sensitivity Immediate Change in Rates March 31, 2020 Economic Value of Equity Sensitivity Immediate Change in Rates March 31, 2020 12 month NII sensitivity is neutral to slightly liability