RBB Bancorp

Greetings and welcome to the RBV Bancorp third quarter 2025 earnings call. At this time all participants are on a listen only mode and a question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference please press star and zero on your telephone keypad. Please note this conference is being recorded. I will now turn the conference over to the company representative, Rebecca Rico. Mom, the floor is yours.

Thank you, Omi. Good day, everyone, and thank you for joining us to discuss RBD Bank Corp's results for the third quarter of 2025. With me today are President and CEO, Johnny Lee, Chief Financial Officer, Lynn Hopkins, Chief Credit Officer, Jeffrey Yeh, and Chief Operations Officer, Gary Phan. Johnny and I will briefly summarize our results, which can be found in the earnings press release and investor presentation that are available on our investor relations website, and then we'll open up the call to your questions. I would ask that everyone please refer to the disclaimer regarding forward-looking statements in the investor presentation and the company's SEC filings. Now, I'd like to turn the call over to RBB Bancorp's President and Chief Executive Officer, Johnny Lee.

Johnny? Thank you, Rebecca. Good day, everyone, and thank you for joining us today. Third quarter net income totaled $10.1 million, or 59 cents per share, which is a 9% increase from last quarter and a 45% increase from a year ago. The increase in net income was driven by poor earnings growth and lower credit costs, which we believe are both positive signs for our outlook. Loan growth supported increased asset yields and net interest income, and loan loss provisions decrease as credit continues to stabilize and we make good progress addressing many of our non-performing loans and performing criticized loans. Net interest margin increased by six basis points to 2.98% compared to the prior quarter and has increased by 30 basis points over the last four quarters. Loans held for investment grew by $68 million, or 8%, on an annualized basis with a large part of that growth coming from our in-house mortgage origination business, which continues to perform well. Third quarter loan originations totaled $188 million at a blended yield of 6.70%, or 67 basis points above the prior quarter's blended loan portfolio yield. So even with the recent rate cut and continued competition, we've been able to increase loan yields and maintain strong growth, which we feel demonstrates the progress we're making on originations. We also continue to make progress addressing our long-performing loans as quickly as possible, while minimizing the impact on earnings and capital. Criticized and classified assets decreased due mostly to the upgrade of a $44 million construction loan following the completion of the project, And with that, I'll hand it over to Lynn to talk about results in more detail. Lynn?