RBB Bancorp Announces Stock Repurchase Plan and Debt Redemption

RBB Bancorp announced that its Board of Directors has authorized a stock repurchase plan for up to 1 million shares of its outstanding common stock, valued at approximately $25 million, representing about 6% of its current shares. This plan allows for repurchases through various methods, including open market and private transactions, and will remain in effect until June 30, 2028. The company also intends to redeem $40.0 million of its 4.00% Fixed-to-Floating Rate Subordinated Notes due 2031. The redemption, scheduled for July 1, 2026, will involve a cash payment of approximately $40.7 million, covering the principal amount plus accrued interest. Following this partial redemption, $80.0 million of the notes will remain outstanding. These actions are part of RBB Bancorp's capital management strategy, reflecting its strong capital position and liquidity.