RBB Bancorp (RBB) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, everyone. Welcome to the RBB Bancorp Q1 2026 earnings call. At this time, all participants have been placed on a listen-only mode, and the floor will be open for your questions and comments after the presentation. It is now my pleasure to turn the floor over to your host, Rebecca Rico. The floor is yours. Thank you, Kelly. Good day, everyone, and thank you for joining us to discuss RBB Bancorp's results for the first quarter of With me today are President and CEO Johnny Lee, Chief Financial Officer Lynn Hopkins, Chief Credit Officer Jeffrey Yeh, and Chief Operations Officer Gary Fan. Johnny and Lynn will briefly summarize the results, which can be found in the earnings press release and investor presentation that are available on our investor relations website, and then we'll open up the call to your questions. I would ask that everyone please refer to the disclaimer regarding forward-looking statements in the investor presentation and the company's SEC filings. Now, I'd like to turn the call over to RBB Bancorp President and Chief Executive Officer, Johnny Lee. Johnny? Thank you, Rebecca. Good day, everyone, and thank you for joining us today. The first quarter was a strong start to the year with continued earnings growth, expanding and further improving in our credit metrics. We generated net income of $11.3 million, or 66 cents per share, which was an 11% increase from the fourth quarter and our highest quarterly earnings level in two years. Return on assets increased to 1.09%, and we continue to grow tangible book value per share. Net interest margin increased another 16 basis points to 3.15%, which marked our fifth consecutive quarter of margin expansion. The increase was driven by both lower funding costs and higher asset yields. Our cost of deposits ...