RBB Bancorp Q3 profit rises sequentially on higher net interest income, Brooklyn building sale gain

RBB BANCORP

19/10/2026 21:19

Overview
U.S. community bank's Q3 net income and EPS rose from prior quarter
Net interest income and margin increased sequentially
Company recorded $2.7 mln gain from sale of Brooklyn office building

Outlook
Company expects to maintain positive loan growth trends through year-end 2026
RBB Bancorp estimates its 2026 effective tax rate at 26.9%
Company sees higher 2026 tax rate due to a higher multi-state blended rate and lower Federal tax credits

Result Drivers
NET INTEREST INCOME - Co attributed higher net interest income to increased loan interest income, nonaccrual interest recoveries, and a special dividend from FHLB
FUNDING BASE - Co said strong retail deposit growth allowed reduced reliance on wholesale deposits
CREDIT QUALITY - Co said nonperforming assets declined 11% from prior quarter, reflecting improved credit quality

Company press release: ID:nGNXbbn03p

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
 
$0.74
 
Q3 Net Income
 
$12.60 mln
 
Q3 Net Interest Income
 
$31.80 mln
 
Q3 Net Interest Margin
 
3.16%
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy."
Wall Street's median 12-month price target for RBB Bancorp is $28.50, about 10.7% above its October 16 closing price of $25.75
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago

Reuters Recommended Reads
Oct 19 - Peoples Bancorp of North Carolina Q3 net earnings rise on loan growth
Oct 19 - Fifth Third Bancorp Q3 net interest income jumps on Comerica acquisition
Oct 19 - Austria's BAWAG Group Q3 net profit rises, reconfirms 2026 forecast

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)