RBB Bancorp
RBB on Nasdaq. RBB Bancorp Bancorp provides loans and deposit accounts to Asian communities in the United States. Market value $444m.
Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.
Should I look at this?
Worth a closer look
Why it could be worth it
What to watch out for
Nothing stood out in the numbers we check.
This is not advice. Check the numbers below.
Yearly profit per dollar of owners' money: 9 cents. Above 10 is good.
What you pay for each dollar of net assets: $0.82.
Profit per $100 you pay: $9.46.
Quality score: 71 of 100. Price score: 100 of 100. Our list needs 70 on quality and 60 on price.
$26.10 a share, 56% above its 1-year low
Over the past year the price has ranged from $16.74 to $28.24.
Dividend: 2.5% a year
Paid every year for at least 5 years
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $7m | $6m | $5m | $5m | $5m |
| Operating margin | |||||
| Operating margin | n/a | n/a | n/a | n/a | n/a |
| Debt to equity | |||||
| Debt to equity | n/a | n/a | n/a | n/a | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.02bn | 0.02bn | 0.02bn | 0.02bn | 0.02bn |
Health checks
- Free cash flow positiveDoesn't apply to banks and insurers
- Accounting checksDoesn't apply to banks and insurers
- DebtDoesn't apply to banks and insurers
- Revenue growth, five yearsSlow, 2.9% a year
- Buying back its own sharesYes, 11% fewer since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $1 million last quarter, about the same as a year ago.
- Profit: $10 million, up 9% on a year ago.
- 4% fewer shares than a year ago. Each share owns a bit more of the company.
- Sales grew on a year ago in 3 of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $1m |
| December 2024 | $1m |
| March 2025 | $1m |
| June 2025 | $1m |
| September 2025 | $1m |
| December 2025 | $1m |
| March 2026 | $2m |
| June 2026 | $1m |
| Quarter to | Amount |
|---|---|
| September 2024 | $7m |
| December 2024 | $4m |
| March 2025 | $2m |
| June 2025 | $9m |
| September 2025 | $10m |
| December 2025 | $10m |
| March 2026 | $11m |
| June 2026 | $10m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 9 March 2026
- Next quarterly (estimated, 10-Q)
- 6 November 2026
Who owns it
2 long-term investors we follow own it, down from 3 last quarter. 145 funds in all.
- LSV Asset ManagementJosef Lakonishok
- Value
- $5m
- Share of fund
- <0.1%
- Hotchkis & WileyHotchkis & Wiley team
- Value
- $5m
- Share of fund
- <0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| LSV Asset ManagementJosef Lakonishok | $5m | <0.1% | |
| Hotchkis & WileyHotchkis & Wiley team | $5m | <0.1% |
Sold out this quarter
- Barrow HanleyBarrow Hanley teamSold out
Largest holders overall
- BlackRock$35mAdded
- Dimensional Fund Advisors LP$25mAdded
- Vanguard Capital Management$18mCut
- American Century Companies$15mAdded
- Acadian Asset Management$11mAdded
- Geode Capital Management$10mAdded
- State Street$9mAdded
- Hillsdale Investment Management$9mAdded
- Arrowstreet Capital, Limited Partnership$6mAdded
- Morgan Stanley$6mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
1 investor owns more than 5%.
- Dimensional Fund Advisors LPPassive investor5.3%Since 30 June 2026
- FJ Capital Management LLCPassive investorSold down below 5%Since 30 June 2026
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
Dimensional Fund Advisors LP Passive investor | 5.3% | 30 June 2026 | |
FJ Capital Management LLC Passive investor | Sold down below 5% | 30 June 2026 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 4 sold $696,823.
- Morris David RichardDirectorSold
- Date
- 4 June 2026
- Shares
- 1,946
- Price
- $23.99
- Value
- $46,685
- Fan GaryEVP/Chief Operations OfficerSold
- Date
- 26 May 2026
- Shares
- 2,368
- Price
- $24.01
- Value
- $56,856
- LIN CHUANG IDirectorSold
- Date
- 7 May 2026
- Shares
- 10,000
- Price
- $24.23
- Value
- $242,300
- Morris David RichardDirectorSold
- Date
- 4 May 2026
- Shares
- 4,500
- Price
- $23.90
- Value
- $107,550
- Fan GaryEVP/Chief Operations OfficerSold
- Date
- 29 April 2026
- Shares
- 6,000
- Price
- $24.04
- Value
- $144,240
- Bennett BillDirectorSold
- Date
- 23 April 2026
- Shares
- 4,121
- Price
- $24.07
- Value
- $99,192
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 4 June 2026 | Morris David Richard Director | Sold | 1,946 | $23.99 | $46,685 |
| 26 May 2026 | Fan Gary EVP/Chief Operations Officer | Sold | 2,368 | $24.01 | $56,856 |
| 7 May 2026 | LIN CHUANG I Director | Sold | 10,000 | $24.23 | $242,300 |
| 4 May 2026 | Morris David Richard Director | Sold | 4,500 | $23.90 | $107,550 |
| 29 April 2026 | Fan Gary EVP/Chief Operations Officer | Sold | 6,000 | $24.04 | $144,240 |
| 23 April 2026 | Bennett Bill Director | Sold | 4,121 | $24.07 | $99,192 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the warning signs we check for were found.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 9 Mar 2026, plus the 10-Q filed 7 Aug 2026 and 6 later 8-Ks.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
What changed in the risks this year
Companies must list what could hurt them each year. These are the parts that changed since last year’s report.
The development and use of new technologies, including artificial intelligence ("AI"), can present risks and uncertainties that could adversely affect our business and financial condition.
Could happenAI technologies may produce undesirable results such as producing false data, generating inaccurate calculations, improperly handling or leaking sensitive information, reflecting unintended bias, or otherwise failing to perform as intended. Using third-party providers may result in limited visibility and control over these risks. Any failures in the use of AI or related-technologies, or evolving legal and regulatory requirements governing their use, could result in regulatory consequences, reputational harm, and financial loss, and could have a material adverse effect on our business, results of operations, and financial condition.
Read moreThe development and use of new technologies, including artificial intelligence ("AI"), can present risks and uncertainties that could adversely affect our business and financial condition.
Could happenBanking and financial services technology is rapidly evolving, including the development and deployment of AI. We and our third party vendors may develop or integrate AI or other emerging technologies into certain business products, processes, or services to increase efficiency and better serve our customers at a reduced cost. The ability to successfully deploy and manage these emerging technologies, or to integrate them into existing systems, may adversely impact operations resulting in the disruption of service to our customers and liability or financial loss.
Read more
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.