RBB Bancorp financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data RBB Bancorp files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue		1.95	2.55	3.81	4.48	7.07	5.58	5.32	5.29	5.17
Selling and marketing	0.54	0.84	1.14	1.31	0.75	1.16	1.58	1.13	0.86	0.86
Interest expense	11.7	13.9	23.6	44.9	34.4	22.7	31.4	102	4.8	4.8
Pre-tax income	32.6	46.8	46.2	55.3	47.5	80.9	91.3	60.2	35.7	42.1
Income tax	13.5	21.3	10.1	16.1	14.5	24	27	17.8	9.01	10.2
Net income	19.1	25.5	36.1	39.2	32.9	56.7	64.3	42.5	26.7	31.9
EPS, basic	1.49	1.81	2.11	1.96	1.66	2.92	3.37	2.24	1.47	1.83
EPS, diluted	1.39	1.68	2.01	1.92	1.65	2.86	3.33	2.24	1.47	1.83
Shares, basic (weighted)	12.8	14.1	17.2	20	19.8	19.4	19.1	19	18.1	17.4
Shares, diluted (weighted)	13.7	15.2	18	20.4	19.9	19.8	19.3	19	18.2	17.5
Dividend per share	0.20	0.38	0.35	0.40	0.33	0.51	0.56	0.64	0.64	0.64

Balance sheet

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	119	150	148	182	195	694	83.5	431	258	212
Property, plant and equipment	6.59	6.58	17.3	16.8	27.1	27.2	27	25.7	24.6	23.5
Lease right-of-use assets					0	22.5	25.4	29.8	28	23
Goodwill	29.9	29.9	58.4	58.6	69.2	69.2	71.5	71.5	71.5	71.5
Intangible assets	1.79	1.44	7.6	6.1				2.8	2.01
Total assets	1,396	1,691	2,974	2,789	3,350	4,228	3,919	4,026	3,992	4,208
Total liabilities	1,214	1,426	2,599	2,381	2,922	3,762	3,434	3,515	3,485	3,685
Total debt	49.4	49.5	104	104	104	173	174	119	120	120
Paid-in capital	8.42	8.43	5.66	4.94	4.93	4.6	3.36	3.62	3.65	3.94
Retained earnings	30.8	51.3	81.6	112	138	181	226	255	264	282
Other comprehensive income			-1.34	0.24	1.13	-1.66	-21.7	-19.5	-20.3	-13.3
Shareholders' equity	182	265								523
Minority interests			0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07
Total equity	182	265	375	408	428	467	485	511	508	523
Total liabilities and equity	1,396	1,691	2,974	2,789	3,350	4,228	3,919	4,026	3,992	4,208
Shares outstanding	12.8	15.9	20	20	19.6	19.5	19	18.6	17.7	17.1

Cash flow statement

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	19.1	25.5	36.1	39.2	32.9	56.9	64.3	42.5	26.7	31.9
Depreciation and amortization	1.36	1.27	1.68
Stock-based compensation	0.89	0.78	0.68	0.69	0.69	1.09	0.85	0.75	1.36	1.74
Deferred income tax	1.29	2.49	-0.13	1.5	-3	-1.09	-2.25	0.22	-2.92	-0.64
Cash from operations	56.2	28.8	-84.6	476	125	202	93.8	51.3	58.5	43.4
Capital expenditures	-0.21	-0.68	-2.49	-1.35	-4.21	-1.99	-2.07	-0.65	-0.79	-0.8
Acquisitions	-35.1		25.1	0	6.63	0	71.4
Purchases of investments	-12.5	-29.6	-74.2	-197	-549	-604	-403	-694	-415	-261
Sales and maturities of investments	4.4	4.35	64	142	455	442	486	641	316	286
Cash from investing	7.2	-264	-322	-219	-446	-504	-260	243	-160	-260
Stock issued	0.6	60.2	9.63	2.82	0.71	3.48	5.48	0.3	1.84	0.42
Share buybacks			0	-3.19	-7.85	-10.5	-19.8	-6.8	-20.7	-14
Dividends paid	-2.55	-5.12	-5.75	-8.03	-6.57	-9.95	-10.7	-12.2	-11.7	-11.3
Cash from financing	-58.6	267	405	-223	334	802	-444	53.2	-71.7	171
Net change in cash	4.82	31.3	-2.36	34.1	12.9	500	-611	348	-174	-45.4
Free cash flow	56	28.1	-87.1	475	120	200	91.7	50.6	57.7	42.6
Interest paid	12.3	13.8	20	45.7	36.2	22.5	29.7	93.7	121	109
Income taxes paid	12.5	16.9	9.34	14.5	13.5	25.8	24	21.4	6.23	18.7

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $26.58 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Pre-tax margin	962.2%	Pre-tax income / revenue.
Net margin	720.3%	Net income / revenue.
Operating cash flow margin	960.3%	Cash from operations / revenue.
Effective tax rate	25.1%	Income tax / pre-tax income, when pre-tax income is positive.
Return on assets (ROA)	1.0%	Net income / average total assets.
Stock-based pay / revenue	26.5%	Stock-based compensation (from the cash flow statement) / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-2.4%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-2.5%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	2.9%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	19.8%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-20.8%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	-0.6%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	24.5%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-18.1%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	2.1%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-25.8%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-22.7%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-19.0%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	-26.2%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	-22.6%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	-18.8%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	0.0%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	4.6%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	14.2%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	5.4%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	2.4%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	4.7%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-3.8%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-3.3%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-2.6%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Debt / assets	2.8%	Total debt / total assets.
Liabilities / assets	87.5%	Total liabilities / total assets.
Net debt	-$163.0M	Total debt - cash - short-term investments. Negative means more cash than debt.
Goodwill and intangibles / assets	1.7%	(Goodwill + intangible assets) / total assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.00x	Revenue / average total assets.
Fixed asset turnover	0.25x	Revenue / average property, plant and equipment.

Per share

Metric	Value	How it is calculated
EPS, diluted	$2.43	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$0.34	Revenue / diluted weighted shares.
Operating cash flow per share	$3.25	Cash from operations / diluted weighted shares.
Cash per share	$16.66	(Cash + short-term investments) / shares outstanding.
Payout ratio	26.5%	Dividends paid / net income, when net income is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$449.6M	Share price x shares outstanding.
Enterprise value	$286.6M	Market cap + total debt - cash - short-term investments.
P/E	10.8x	Market cap / net income. Only when net income is positive.
P/S	77.5x	Market cap / revenue.
P/OCF	8.08x	Market cap / cash from operations, when positive.
EV/Sales	49.4x	Enterprise value / revenue.
Earnings yield	9.3%	Net income / market cap (the inverse of P/E).
Dividend yield	2.5%	Dividends paid over the period / market cap.
Shareholder yield	2.5%	(Dividends paid + share buybacks) / market cap.

What was RBB Bancorp's revenue in fiscal 2025?

RBB Bancorp reported revenue of $5.2M for fiscal 2025, 2.4% lower than the year before.

Was RBB Bancorp profitable in fiscal 2025?

Yes. Net income was $31.9M, a net margin of 618.3%.

How much free cash flow did RBB Bancorp generate in fiscal 2025?

Cash from operations of $43.4M minus capital expenditures of $798.0K left free cash flow of $42.6M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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