It's like Bank of America, but primarily focused on serving the financial needs of Asian-American communities.

Think of it as a community-oriented bank, similar to a local Wells Fargo, but specifically designed for and deeply integrated into Chinese-American and other Asian-American communities across its various regional markets.

It's like a regional bank, such as US Bank, but with a distinct and dedicated mission to serve Asian-American businesses and individuals in its specific markets.

• Deposit Products: A range of accounts including checking, savings, money market accounts, and certificates of deposit for individuals and businesses.
• Commercial & Industrial Loans: Financing options such as lines of credit, term loans, and mortgage warehouse lines for business operations and growth.
• Real Estate & Construction Loans: Funding for commercial real estate, residential, commercial, and land acquisition and development construction projects.
• Small Business Administration (SBA) Loans: Government-backed loans designed to support small businesses.
• International Trade & Foreign Exchange Services: Services including international letters of credit, SWIFT, export advisory, trade finance discounts, and foreign exchange.
• Digital Banking Services: Modern banking conveniences such as remote deposit, e-banking, and mobile banking services.

RBB Bancorp does not sell primarily to other companies. Instead, it serves a diverse customer base, primarily within the Chinese-American, Korean-American, and other Asian-American communities. The major categories of customers it serves are:

1. Individuals: Members of the Chinese-American, Korean-American, and other Asian-American communities, utilizing products such as checking, savings, money market accounts, certificates of deposit, and single-family residential mortgage loans.
2. Businesses: Companies within its service regions (including small businesses) that require commercial and industrial lines of credit, term loans, mortgage warehouse lines, international trade discounts, commercial real estate loans, land acquisition and development construction loans, and Small Business Administration (SBA) loans.
3. Municipalities and Other Entities: Local government bodies and other organizations that utilize the bank's services.

• Jack Henry & Associates, Inc. (JKHY)

Johnny Lee, President and Chief Executive Officer

Johnny Lee joined RBB Bancorp in June 2023, initially serving as President and Chief Banking Officer. He was appointed President and Chief Executive Officer of Royal Business Bank and RBB Bancorp, and a director, effective January 1, 2025. He will officially become CEO of the company on May 22, 2025. Prior to his time at RBB Bancorp, Mr. Lee spent a decade (May 2013 to June 2023) as the Senior Managing Director and Head of International and Commercial Banking at East West Bank. In this role, he led a team of 155 professionals and managed a portfolio consisting of nearly $7.0 billion in outstanding commercial loans and $4.5 billion in deposits.

Lynn Hopkins, Executive Vice President and Chief Financial Officer

Lynn Hopkins was appointed Interim Executive Vice President and Chief Financial Officer of Royal Business Bank and RBB Bancorp effective December 7, 2023, and became permanent Chief Financial Officer on April 22, 2024. She brings over 30 years of experience in the financial services industry. Ms. Hopkins previously held the position of Executive Vice President and Chief Financial Officer at Banc of California, Inc., a publicly traded bank holding company. Her career also includes CFO roles at First Choice Bancorp and Commercial Bank of California, as well as various executive finance and corporate leadership positions at PacWest Bancorp, California Community Bancshares, and Western Bancorp. During her tenure at Banc of California, Inc., she was instrumental in restructuring the company's balance sheet and earnings profile, significantly increasing returns, and overseeing debt issuance, preferred stock redemptions, and a major bank acquisition.

Gary Fan, Executive Vice President and Chief Operations Officer

Gary Fan has served as the Executive Vice President and Chief Operations Officer of the Bank since December 2022. His responsibilities include identifying and executing growth opportunities, leading digital banking initiatives, managing products and services, driving merger and acquisition (M&A) activity, evaluating market conditions and long-term trends, collecting competitive intelligence, driving cross-functional business processes, and maintaining business model innovation. Prior to joining RBB Bancorp, Mr. Fan was the President of Gateway Bank FSB in Oakland, California.

Jeffrey Yeh, Executive Vice President and Chief Credit Officer

Jeffrey Yeh has been an executive officer of Royal Business Bank since its founding in 2008 and of the Company since 2011. He began his career at the Bank as Vice President and Portfolio Administration Manager, rising to Senior Vice President and acting Chief Credit Officer in January 2013, and then to Executive Vice President and Chief Credit Officer in January 2014. Before joining the Bank, Mr. Yeh was a finance director and business control manager for Universal Science Industrial Co., Ltd. from 2001 to 2003, and a director and general manager of Overseas Chinese Finance, Ltd.

Mina S. Rizkalla, Executive Vice President and Chief Risk Officer

Mina S. Rizkalla is the Executive Vice President and Chief Risk Officer of Royal Business Bank. He previously served as the Deputy Chief and BSA Officer of RBB from October 2023 to December 2024. Mr. Rizkalla is responsible for overseeing RBB's Enterprise Risk Management and Compliance Programs, which encompass the Bank Secrecy Act, Vendor Management, and Information Security. Before his time at RBB Bancorp, he was the Executive Vice President and Chief Risk Officer for Commonwealth Business Bank.

Key Risks to RBB Bancorp:

• Credit Risk and Asset Quality Management: A primary concern for RBB Bancorp is managing its credit risk and maintaining asset quality. The company has reported increases in substandard and non-performing loans. For example, substandard loans increased to $91.0 million at June 30, 2025, from $76.4 million at March 31, 2025, primarily due to downgrades. Similarly, non-performing loans (NPLs) rose to $60.7 million, or 1.52% of total assets, due to the migration of specific loans to non-accrual status. The provision for credit losses also increased to $9.9 million for the year ended December 31, 2024, compared to $3.4 million in the prior year. This risk is amplified by the bank's significant concentration in real estate-related loans, with single-family residential mortgages accounting for 50.0% of loans and commercial real estate loans comprising 39.3% of its loan portfolio as of December 31, 2025. Deterioration in the real estate market or specific economic conditions affecting its target Asian-American communities could exacerbate these credit quality issues.
• Interest Rate Risk: As a financial institution, RBB Bancorp is susceptible to fluctuations in interest rates, which directly impact its net interest margin and profitability. The company is characterized as "liability-sensitive," meaning that while deposit costs may stabilize in a high-rate environment, a reduction in interest rates by the Federal Reserve would be crucial for improving its net interest margin. Changes in market rates have already influenced loan yields and the overall cost of funds. For instance, net interest income decreased by $19.9 million to $99.4 million for the year ended December 31, 2024, compared to $119.3 million in the prior year, driven by increased interest expense and decreased interest income.
• Regulatory and Compliance Risk: RBB Bancorp operates in a highly regulated industry and is subject to extensive federal and state laws and the oversight of various bank regulatory agencies. Non-compliance with regulations can lead to significant penalties, operational restrictions, and reputational damage. While the company successfully had a Consent Order related to its Anti-Money Laundering/Countering the Financing of Terrorism (BSA/CFT) compliance program terminated in August 2024, indicating improvements in this area, the existence of such an order highlights the ongoing importance of robust compliance frameworks. Additionally, the rapid adoption of new technologies like AI and reliance on third-party vendors introduce new operational, compliance, and financial risks that the bank must manage effectively.

The clear emerging threat for RBB Bancorp is the accelerating disruption from digital-first financial institutions and FinTech companies. These entities operate with significantly lower overheads by forgoing physical branch networks, allowing them to offer banking services (deposits, loans, payments) with potentially lower fees, higher interest rates, and superior digital user experiences. This model directly challenges the traditional, branch-based community banking model that RBB Bancorp employs, potentially eroding its customer base and profitability by attracting tech-savvy individuals and businesses, even within RBB's specific ethnic community focus.

For RBB Bancorp, the addressable markets for its main products and services, primarily within the U.S. region, are as follows:

• Deposit Products (checking, savings, money market accounts, certificates of deposit): The U.S. retail banking market, which encompasses these deposit products, was valued at approximately USD 870 billion in 2025 and is projected to grow to USD 1,112.2 billion by 2031. Another estimate placed the U.S. retail banking market revenue at USD 454.3 billion in 2024, expected to reach USD 678.3 billion by 2033. As of March 31, 2025, there were 4,462 banks in the U.S.
• Commercial and Industrial (C&I) Loans: Commercial and Industrial Loans for all commercial banks in the United States totaled approximately USD 2,789.6057 billion in February 2026. The broader commercial lending market in North America is projected to reach USD 2,892.50 billion by 2025.
• Commercial Real Estate (CRE) Loans: Total commercial real estate mortgage borrowing and lending in the U.S. is estimated to have been $498 billion in 2024.
• Residential Mortgage Loans (single-family residential mortgage loans): Total single-family mortgage originations in the U.S. are expected to reach $2.0 trillion in 2025, increasing to $2.2 trillion in 2026.
• Small Business Administration (SBA) Loans: Over $28 billion is deployed annually through the popular 7(a) and 504 SBA loan programs in the U.S. In FY2025, SBA 7(a) loan approvals recorded more than $10 billion in Q2 (January-March 2025). The broader U.S. small business loan market was valued at $245.39 billion in 2023 and is projected to reach $349.64 billion by 2033.
• Construction Loans (residential, commercial, and land acquisition and development construction loans): The North America construction loans market size was USD 108.7 billion in 2024. The total volume of outstanding acquisition, development, and construction (AD&C) loans made by FDIC-insured institutions in the U.S. was $490.7 billion in Q3 2024.
• International Trade Services (international letters of credit, SWIFT, export advisory, trade finance discount, and foreign exchange services): The U.S. trade finance market was valued at USD 10.63 billion in 2024 and is projected to reach USD 14.96 billion by 2034. Another estimate places the U.S. trade finance market at USD 14.3 billion in 2025.
• Digital Banking Services (remote deposit, e-banking, and mobile banking services): The U.S. digital banking market generated revenue of USD 1,839 million (approximately $1.84 billion) in 2024 and is anticipated to reach USD 3,859 million by 2032. The number of active users in the U.S. digital banking market was around 130.4 million in 2024 and is estimated to reach 150 million users by 2032.

RBB Bancorp (NASDAQ: RBB) is expected to drive future revenue growth over the next 2-3 years through several key strategies focused on its core banking operations. These include continued loan growth, expansion of its net interest margin, strategic deposit growth and mix improvement, and enhanced asset quality.

• Sustained Loan Growth: RBB Bancorp anticipates high single-digit loan growth, building on an 8.6% increase in loans for the full year 2025 and a 32% rise in loan originations compared to 2024. This growth is broad-based across portfolios, with a particular focus on single-family residential mortgage loans and commercial real estate loans.
• Net Interest Margin (NIM) Expansion: The company expects its net interest margin to expand, driven by stable asset yields and a anticipated slowing pace of increases in deposit costs. RBB's net interest income increased for four consecutive quarters, reflecting strong loan growth and a positive trend in deposit costs.
• Strategic Deposit Growth and Favorable Mix: RBB Bancorp is focused on increasing its deposit base, particularly noninterest-bearing deposits and certificates of deposit, which grew by an annualized 6% in Q2 2025. This strategy aims to provide stable and lower-cost funding for loan growth while reducing reliance on wholesale deposits.
• Improved Asset Quality and Resolution of Non-Performing Assets: Management is committed to resolving non-performing loan relationships, which saw a 45% reduction in non-performing loans and a 34% decrease in non-performing assets over 2025. This focus on credit improvement is expected to reduce provisions for credit losses and free up capital, thereby supporting overall profitability and revenue generation.

Share Repurchases

• On May 29, 2025, RBB Bancorp announced an $18 million stock repurchase plan authorized by its Board of Directors, effective through June 30, 2026.
• In the third quarter of 2025, the company repurchased $12.5 million of stock.
• On February 29, 2024, RBB Bancorp authorized a stock repurchase program allowing for the buyback of up to 1,000,000 shares, approximately 5% of its outstanding shares, through March 31, 2026.

Share Issuance

• As of December 31, 2025, RBB Bancorp had outstanding options to purchase 151,000 shares and unvested restricted stock units totaling 191,091.
• The company has the ability to issue equity awards for up to an additional 878,916 shares of common stock under its 2017 Omnibus Stock Incentive Plan.
• On February 20, 2026, an executive exercised 667 restricted stock units which were converted into common stock, with 275 shares subsequently disposed of for tax withholding.

Outbound Investments

• On January 14, 2022, Royal Business Bank, RBB Bancorp's wholly-owned subsidiary, completed the acquisition of the Honolulu, Hawaii branch office of Bank of the Orient. The total consideration for the acquisition was approximately $71.0 million.
• The Honolulu branch acquisition included approximately $81.7 million in deposits and $7.4 million in selected performing loans.
• An agreement to acquire Gateway Bank, F.S.B. for $23 million, initially announced on December 28, 2021, was mutually terminated effective September 28, 2023.

Capital Expenditures

• Specific dollar values for capital expenditures over the last 3-5 years are not explicitly available in the provided information.
• RBB Bancorp's capital allocation has involved redeploying excess liquidity from cash into loans and securities to increase earning assets.
• The company's operations include 24 branches as of December 31, 2025, suggesting ongoing investment in maintaining and potentially expanding its physical network and related technology infrastructure.