RBB Bancorp Earnings Per Share Disclosure
NOTE 19 - EARNINGS PER SHARE
The following is a reconciliation of net income and shares outstanding to the net income and number of shares used to compute earnings per share (“EPS”):
| 2025 | 2024 | 2023 | ||||||||||||||||||||||
| Income | Shares | Income | Shares | Income | Shares | |||||||||||||||||||
| (dollars in thousands, except shares and per share data) | ||||||||||||||||||||||||
| Net income as reported | $ | 31,948 | $ | 26,665 | $ | 42,465 | ||||||||||||||||||
| Shares outstanding | 17,057,397 | 17,720,416 | 18,609,179 | |||||||||||||||||||||
| Impact of weighting shares | 377,630 | 401,348 | 356,167 | |||||||||||||||||||||
| Used in basic EPS | 31,948 | 17,435,027 | 26,665 | 18,121,764 | 42,465 | 18,965,346 | ||||||||||||||||||
| Dilutive effect of outstanding | ||||||||||||||||||||||||
| Stock options | 7,526 | 20,883 | 15,322 | |||||||||||||||||||||
| Restricted Stock Units | 41,966 | 35,788 | 4,565 | |||||||||||||||||||||
| Performance Stock Units | 15,811 | 4,884 | — | |||||||||||||||||||||
| Used in dilutive EPS | $ | 31,948 | 17,500,330 | $ | 26,665 | 18,183,319 | $ | 42,465 | 18,985,233 | |||||||||||||||
| Basic earnings per common share | $ | 1.83 | $ | 1.47 | $ | 2.24 | ||||||||||||||||||
| Diluted earnings per common share | $ | 1.83 | $ | 1.47 | $ | 2.24 | ||||||||||||||||||
Options to purchase 34,000, 18,000, and 332,500 shares of common stock were excluded from the calculation of diluted earnings per share for the years ended December 31, 2025, 2024, and 2023, because their effect would have been anti-dilutive. There were 2,300, , and 6,012 antidilutive unvested RSUs outstanding for the years ended December 31, 2025, 2024, and 2023.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 9, 2026 | Showing above |
| 2024 | Mar 17, 2025 | |
| 2023 | Mar 12, 2024 | |
| 2022 | Apr 7, 2023 | |
| 2021 | Mar 11, 2022 | |
| 2020 | Mar 9, 2021 | |
| 2019 | Mar 17, 2020 | |
| 2018 | Mar 27, 2019 | |
| 2017 | Mar 30, 2018 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.