RBB Bancorp

Good afternoon and welcome to the RBD Bancorp third quarter 2026 earnings conference call. At this time, all participant lines are in a listen-only mode, and we will open the floor for your questions after the presentation. If you wish to join the queue to ask a question at any time, you can press star 1. Should you wish to remove yourself from the queue, press star 2. It is now my pleasure to turn the floor over to your host, Rebecca Rico. The floor is yours.

Thank you, Sylvie. Good day, everyone, and thank you for joining us to discuss RVB Bancorp's results for the third quarter of 2026. With me today are President and CEO Johnny Lee, Chief Financial Officer Lynn Hopkins, and Chief Credit Officer Jeffrey Yeh. Johnny and Lynn will briefly summarize the 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 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. We are pleased to report a strong third quarter. Net income increased 25% from the prior quarter to $12.6 million. or $0.74 per share, and our return on average assets improved to 1.17%. Our results included a gain on sale of our office building in Brooklyn, but the underlying drivers of our performance were higher net interest income, solid loan growth, and continued improvement in credit quality. These results also show how far RVV has come over the past two years. Compared to the third quarter of 2024, earnings per share has increased 90%, Our return on average assets has improved 63%, and our return on average tangible common equity has improved 69%. For the nine months of the year, diluted earnings per share is up 60% from the same period last year. Loan growth returned in the third quarter as we expected. Loans held for investment increased $90 million, or 11% annualized, driven by steady origination volume, and Lower Payoffs and Loan Sales. We also completed our first full quarter of operations at our new LPO in the San Francisco Bay Area and we are encouraged by the early response from clients in that market. Our pipelines remain strong across the franchise and we expect to continue these positive trends to finish the year. Credit quality continued to improve. Non-performing assets declined 11% during the quarter and over the past two years, NPAs are down 36%, while criticized and classified loans are down 48%. We continue to work toward the resolution of our only OREO property, which migrated from non-performing loan last quarter. On the funding side, retail deposit growth of $63 million allow us to reduce wholesale deposits by $59 million, and wholesale funding now represent less than 2% of total deposit. Over the past two years, we have grown savings now and money market balances by 86% and reduced our cost of interest-bearing deposits by more than 100 basis points. Our capital position remains a source of strength. During the quarter, we completed the partial redemption of our supporting debt and continue to repurchase shares under our buyback program. Over the past two years, tangible book value per share has increased 11% while shares outstanding have declined by 5%. Overall, we believe the third quarter reflected the progress we have made in improving RBV's earning power, and we are well positioned as we head into the end of 2026. With that, I'll hand it over to Lynn to talk about results in more detail. Lynn?