Rbb Bancorp · NASDAQ:RBB
Rbb Bancorp — Q1 2025 Earnings Presentation
17 slides from Rbb Bancorp's earnings presentation, Apr 29, 2025
Slide 1: 2025 First Quarter Earnings Results
NASDAQ: RBB 2025 First Quarter Earnings Results April 28, 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: 1st Quarter 2025 | Financial Highlights
1st Quarter 2025 | Financial Highlights ($ in thousands, except per share data) 2Q24 3Q24 4Q24 1Q25 1Q25 Highlights Earnings & Profitability Net Income Diluted Earnings Per Share (EPS) $ 0.39 $ 0.39 $ 0.25 $ 0.13 $2.3 million Net Interest Income before Provision for $ 23,965 $ 24,545 $ 25,977 $ 26,1
Slide 4: Strategically Managed Balance Sheet
Strategically Managed Balance Sheet ($ in thousands, except per share data) 6/30/2024 9/30/2024 12/31/2024 3/31/2025 Net Loan to Deposit Ratio 99.4% Cash and Due From Banks $ 253,369 $ 349,990 $ 258,345 $ 239,423 Available for Sale (AFS) Securities 325,582 305,666 420,190 378,188 98.6% 98.4% Held to
Slide 5: Loan Portfolio Highlights
Loan Portfolio Highlights Diversified loan portfolio at 3/31/25 Loan Portfolio Composition as of 3/31/25 SFR - Mainly non-qualified mortgage loans CRE – Loans secured by commercial real estate, including multifamily and owner occupied and non-owner occupied CRE Other 1% C&I – Majority secured
Slide 6: Business Line Profile: CRE | C&D
Business Line Profile: CRE | C&D CRE Loans CRE Loans at 3/31/25 ($ in thousands) % $1.25 billion Warehouse and Industrial $ 149,237 12.0% Hotel/Motel 120,651 9.7% Single Other Family Owner Mixed Use 116,399 9.3% 4.4% Occupied 12.3% Retail 96,029 7.7% Office 43,294 3.5% Other Non-Owner Occupied 31.2%
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% 5% NorCal 65.01% - 7% <50% 70% 29% 20% SoCal 40% $1.55 billion $479,339 Res
Slide 8: Business Line Profile: C&I | SBA
Business Line Profile: C&I | SBA C&I Loans SBA Loans C&I and SBA Portfolio ($mm) Shared Nat'l $135.5 million Credits $50.7 million 1.9% Guaranteed 4.7% $50.7 Commercial Term $50.3 $48.1 $47.3 19.8% Unguaranteed Secured by RE Unguaranteed 504 $135.5 $126.6 $128.9 $129.6 43.8% Loans ⁽¹⁾ 41.6% Credit L
Slide 9: Asset Quality Metrics: Non-Performing Assets (NPAs)
Asset Quality Metrics: Non-Performing Assets (NPAs) 3/31/25 12/31/24 NPAs / Total Assets NPA # $ # $ % Change $81,038 $ in thousands ($ in thousands) $54,589 $60,662 $64,550 SFR __ $ ___ 17 $ 11,523 CRE 5 18,450 5 17,097 2.03% C&D 2 35,613 3 44,621 1.52% 1.61% C&I 2 4,820 21 6,271 1.41% SBA 6 1,478
Slide 10: Non-Performing Loans > $1 Million
NON-PERFORMING LOANS > $1 Million Nonperforming loans decreased $20.7 million, or Non-Performing Loans ($ in thousands) 25%, to $60.4 million at 3/31/25 $ Amount NPLs have specific reserves of $9.7 million reducing net exposure to $50.7 million, or lower by 32%. Loan Loan # Category 1Q25 4Q24 Incr (
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 $ in thousands $165,665 $ in thousands $157,332 $76,372 $140,651 $64,279 $85 $578 $10,450 $79,831 $100,336 $82,596 $76,372 $35,613 $44,248 $63,076 $77,501 $6
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 $51.9 million at 3/31/25 $51,932 $ in Thousands $47,729 1.65% The ALL increased $4.2 million during 1Q25 $41,741 $43,685 1.56% primarily due to a provision for lo
Slide 13: Deposits
Deposits Deposit Mix – QoQ Annualized Total Deposits at 3/31/25 $ in millions +9% -1% +8% $3.14 billion Wholesale -1% $3,143 deposits $3,028 $3,024 $3,092 $3,084 5.0% $643 $648 $666 $663 $721 $198 $121 $147 $147 $159 Time DDA deposits, 16.8% $746 $790 $808 $828 $871 greater than $250,000 Savings, 27
Slide 14: Operating Expense & Efficiency
Operating Expense & Efficiency Noninterest Expense Total Revenue & Efficiency Ratio $18.52 $ in millions $17.12 $17.42 $17.65 $2.36 65.09% $2.46 62.38% 61.48% $2.42 $2.46 $1.52 57.51% $1.26 $0.96 $1.36 $1.60 $1.47 $1.47 $1.50 $ in millions $2.52 $2.40 $2.41 $2.44 $27.45 $30.29 $28.71 $28.46 $9.53 $1
Slide 15: Accumulation of Strong Company Capital Ratios
Accumulation of Strong Company Capital Ratios CET1 Capital Ratio Tangible Common Equity Ratio(1) 18.89% The Company's capital 18.16% 17.94% 17.87% levels are higher than 11.53% most peer banks 11.13% 11.08% 11.10% 6.50% 6.50% 6.50% 6.50% Quarterly common stock 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