Slide 1: 2024 Fourth Quarter Earnings Results
NASDAQ: RBB 2024 Fourth Quarter Earnings Results February 3, 2025
Slide 2: Disclosure Statement
Disclosure Statement This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often include the words “believes,” “expects,” “anticipates,” “estimates,” “forecasts,” “intends,” “plans,” “targets,” “po
Slide 3: 4th Quarter 2024 Financial Highlights
4th Quarter 2024 | Financial Highlights ($ in thousands, except per share data) 1Q24 2Q24 3Q24 4Q24 4Q24 Highlights Earnings & Profitability Diluted Earnings Per Share (EPS) $ 0.43 $ 0.39 $ 0.39 $ 0.25 Net Income Net Interest Income before Provision for $ 24,877 $ 23,965 $ 24,545 $ 25,977 Credit Los
Slide 4: Strategically Managed Balance Sheet
Strategically Managed Balance Sheet ($ in thousands, except per share data) 3/31/2024 6/30/2024 9/30/2024 12/31/2024 Net loans to deposits ratio Cash and Due From Banks $ 269,843 $ 253,369 $ 349,990 $ 258,345 99.4% 98.6% Available for Sale (AFS) Securities 335,194 325,582 305,666 420,190 98.6% Held
Slide 5: Loan Portfolio and Wildfire Update
Loan Portfolio and Wildfire Update Preliminary Southern California wildfire impact to RBB Loan Portfolio Composition as of 12/31/24 Donated $30,000 to low to moderate income communities Estimate six commercial properties with a total balance of $12.5 million and six residential properties with a
Slide 6: Business Line Profile: CRE | C&D
Business Line Profile: CRE | C&D CRE Loans ($ in thousands) $ % $1.20 billion Warehouse and Industrial $ 152,074 12.7% Hotel/Motel 120,850 10.1% Single Family Other Mixed Use 115,446 9.6% 4.5% Owner Occupied 13.2% Retail 90,055 7.5% Office 37,679 3.1% Other Non-Owner Other 25,698 2.1% Multifamily Oc
Slide 7: Business Line Profile: Residential Mortgage Portfolio
Business Line Profile: Residential Mortgage Portfolio Distribution by Geography Distribution by LTV (1) SoCal NY NorCal IL NJ NV Other <50% 50.01%<55% 55.01% - 60% 60.01%-65% 65.01% - 70% >70% NV Other IL 2% 1% 3% >70% NJ 2% 6% NorCal <50% 7% 65.01% - 27% 70% SoCal 21% 40% $1.49 billion $410,570 Res
Slide 8: Business Line Profile: C&I | SBA
Business Line Profile: C&I | SBA C&I Loans SBA Loans C&I and SBA Portfolio ($mm) Shared $129.6 million Nat'l $47.3 million Credits Guaranteed 2.0% 4.1% $54.7 $50.3 $48.1 $47.3 Commercial Term 18.3% Unguaranteed Unguaranteed 504 Secured by RE Loans ⁽¹⁾ $126.6 $128.9 $129.6 $121.4 44.6% 40.0% Credit L
Slide 9: Asset Quality Metrics: Non-Performing Loans (NPLs)
Asset Quality Metrics: Non-Performing Loans (NPLs) Non-Performing Loans NPAs / Total Assets # $ % ($ in thousands) SFR 17 $ 11,523 14.2% $ in thousands $81,038 CRE 5 17,097 21.1% $60,662 $54,589 C&D 3 44,621 55.1% $37,006 2.03% 21 6,271 7.7% C&I 1.41% 1.52% SBA 7 1,514 1.9% 0.95% Other 2 12 0.0% Tot
Slide 10: Non-Performing Loans > $1 Million
NON-PERFORMING LOANS > $1 Million Non-Performing Loans ($ in thousands) Nonperforming loans totaled $81.0 million, of which $70.1 $ Amount million related to 8 loans with a carrying value over $1 million Loan Loan # 4Q24 3Q24 Incr (Decr) When specific reserves of $6.8 Category million are considered
Slide 11: Asset Quality Metrics: Loan Classifications and Delinquencies
Asset Quality Metrics : Loan Classifications and Delinquencies Special Mention & Substandard Loans Special Mention & Substandard Loans by Type $100,336 $ in thousands $165,665 $ in thousands $157,332 $12,218 $13,019 $79,831 $100,336 $65,329 $77,750 $82,596 $44,042 $56,327 $57,170 $63,076 $77,501 $65
Slide 12: Allowance for Credit Losses, Credit Provisions and Credit Metrics
Allowance for Credit Losses, Credit Provisions and Credit Metrics Allowance for Loan Losses (ALL) The allowance for loan losses (ALL) was $47.7 million 1.56% and a reserve for unfunded commitments (RUC) was $729K at 12/31/24. The allowance for credit losses $ in Thousands $47,729 (ACL) totaled $48.5
Slide 13: Deposits
Deposits Total Deposits Deposit Mix – QoQ Annualized $ in millions $3.08 billion Wholesale -1% +9% -1% deposits $3,175 -18% $3,084 $3,028 $3,024 $3,092 4.8% $632 $643 $648 $666 $663 Time $406 $198 $121 $147 $147 DDA deposits, 18.3% $746 $790 $808 $828 greater $812 than $250,000 $785 $901 $922 $927 $
Slide 14: Operating Expense & Efficiency
Operating Expense & Efficiency Noninterest Expense Total Revenue & Efficiency Ratio $ in millions $16.97 $17.12 $17.42 $17.65 62.38% 61.48% $2.46 60.07% $2.30 $2.42 $2.46 57.51% $0.88 $1.26 $0.96 $1.36 $1.42 $1.47 $1.47 $1.50 $ in millions $2.44 $2.44 $2.52 $2.40 $28.25 $27.45 $30.29 $28.71 $9.93 $9
Slide 15: Accumulation of Strong Company Capital Ratios
Accumulation of Strong Company Capital Ratios CET1 Capital Ratio Tangible Common Equity Ratio(1) The Company's capital 19.10% 18.89% levels are higher than 18.16% 17.94% 11.56% 11.53% 11.13% 11.08% most peer banks Quarterly common stock 6.50% 6.50% 6.50% 6.50% dividend of $0.16/share, equivalent to
Slide 16: Appendix: Non-GAAP Reconciliations
Appendix: Non-GAAP Reconciliations 16
Slide 17: Non-GAAP Reconciliation: Tangible Common Equity and Tangible Assets
Non-GAAP Reconciliation: Tangible Common Equity and Tangible Assets Some of the financial measures included in this presentation are not measures of financial performance recognized by GAAP. These non-GAAP financial measures include “tangible common equity to tangible assets,” “tangible book value p