RBB on Nasdaq

RBB Bancorp

In its 2026 annual report the company says: “RBB Bancorp is a bank holding company registered under the Bank Holding Company Act of 1956, as amended.”5 It is headquartered in Los Angeles, United States.2

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Last updated Oct 20, 2026.

Overview

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  • TickerRBB on Nasdaq2
  • IndustryState Commercial Banks2
  • HeadquartersLos Angeles, United States2
  • Incorporated inCA3
  • Business address1055 Wilshire Boulevard, Suite 1200, Los Angeles, Ca 900173
  • Filer categoryAccelerated filer3
  • Legal formFor-Profit Corporation General Stock2
  • LEI549300A23FBFZNGET5252
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O LOREN P HANSEN, 92660 Newport Beach, United States2
  • Registered withSecretary of State, 33017192

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RBB Bancorp is a bank holding company registered under the Bank Holding Company Act of 1956, as amended. RBB Bancorp’s principal business is to serve as the holding company for its wholly-owned banking subsidiaries, Royal Business Bank (“Bank”) and RBB Asset Management Company (“RAM”), collectively referred to herein as "the Company." RBB Bancorp was formed in January 2011 as a bank holding company and RAM was formed in 2012 to hold and manage problem assets acquired in business combinations. There are no problem assets at RAM or activity in this subsidiary for the fiscal years ended 2025 or 2024. When we refer to “we”, “us”, “our”, or the “Company”, we are referring to RBB Bancorp and its consolidated subsidiaries including the Bank, collectively. When we refer to the “parent company”, “Bancorp”, or the “holding company”, we are referring to RBB Bancorp, the parent company, on a stand-a…5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

618.3%Net margin6
-2.4%Revenue growth, 20256
6.1%Return on equity6
0.23×Debt to equity6
$42.6MFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Other Service Income brought in 44% of the revenue RBB Bancorp broke down this way in fiscal 2025.

  1. Other Service Income$2.3M644%up 2% from 2024
  2. Fees And Service Charges On Deposit Accounts$1.9M638%up 1% from 2024
  3. Other Fees$938.0K618%up 30% from 2024
Products and services by year
Products and services202320242025
Other Service Income$2.2M$2.2M$2.3M
Fees And Service Charges On Deposit Accounts$2.0M$1.9M$1.9M
Other Fees$984.0K$722.0K$938.0K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Income tax24¢$10.2M
  • Profit76¢$31.9M

Out of $5.2M in revenue.6

Where each dollar of operating cash went, fiscal 2025

  • Capital spending2¢$798.0K
  • Dividends paid26¢$11.3M
  • Share buybacks32¢$14.0M
  • Kept or used elsewhere40¢$17.3M

Out of $43.4M of cash from operations.6

Financial statements

Revenue789106$5.2M in 2025+36% since 2019
0$2.0M$4.0M$6.0M$8.0M2019: $3.8M$3.8M20192020: $4.5M$4.5M2020+18%2021: $7.1M$7.1M2021+58%2022: $5.6M$5.6M2022−21%2023: $5.3M$5.3M2023−5%2024: $5.3M$5.3M2024−1%2025: $5.2M$5.2M2025−2%
Net income1189106$31.9M in 2025−19% since 2019
0$20.0M$40.0M$60.0M$80.0M2019: $39.2M$39.2M20192020: $32.9M$32.9M2020−16%2021: $56.9M$56.9M2021+73%2022: $64.3M$64.3M2022+13%2023: $42.5M$42.5M2023−34%2024: $26.7M$26.7M2024−37%2025: $31.9M$31.9M2025+20%

Every line of the income statement as filed: the last 3 fiscal years, latest first.6

Period ending2025-12-312024-12-312023-12-31
Loans$193.8M$184.6M$194.3M
Interest-earning deposits$7.9M$15.4M$10.7M
Investment securities$17.1M$14.3M$14.0M
FHLB stock$1.3M$1.3M$1.1M
Federal funds sold and other$953.0K$1.0M$985.0K
Total interest and dividend income$221.1M$216.7M$221.1M
Savings deposits, NOW and money market accounts$19.0M$19.3M$12.2M
Time deposits$78.1M$89.1M$76.8M
Long-term debt and subordinated debentures$6.5M$6.7M$10.0M
FHLB advances$5.2M$2.2M$2.9M
Total interest expense$108.8M$117.3M$101.9M
Net interest income before provision for credit losses$112.3M$99.4M$119.3M
Provision for credit losses$10.4M$9.9M$3.4M
Net interest income after provision for credit losses$101.9M$89.5M$115.9M
Service charges and fees$4.2M$4.1M$4.2M
Loan servicing income, net of amortization$2.2M$2.3M$2.6M
Increase in cash surrender value of BOLI$1.7M$1.6M$1.4M
Gain on sale of loans$1.2M$1.6M$374.0K
Gain on OREO$0$1.0M$133.0K
Other income$7.6M$4.8M$6.4M
Total noninterest income$16.9M$15.3M$15.0M
Salaries and employee benefits$43.1M$39.4M$37.8M
Occupancy and equipment expenses$9.6M$9.8M$9.6M
Data processing$6.9M$5.9M$5.3M
Legal and professional$7.5M$4.5M$8.2M
Office expenses$1.7M$1.5M$1.5M
Marketing and business promotion$863.0K$864.0K$1.1M
Insurance and regulatory assessments$2.9M$3.3M$3.2M
Core deposit premium amortization$672.0K$784.0K$923.0K
Other expenses$3.4M$3.3M$3.0M
Total noninterest expense$76.7M$69.2M$70.7M
Net income before income taxes$42.1M$35.7M$60.2M
Income tax expense$10.2M$9.0M$17.8M
Net income$31.9M$26.7M$42.5M
Basic (in dollars per share)$1.83$1.47$2.24
Diluted (in dollars per share)$1.83$1.47$2.24
Basic (in shares)17.4M shares18.1M shares19.0M shares
Diluted (in shares)17.5M shares18.2M shares19.0M shares

Compare RBB Bancorp with another company

Corporate structure

RBB Bancorp sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of RBB Bancorp

  • FJ Capital Management LLC Filed SCHEDULE 13G/A on RBB Bancorp, latest Aug 6, 2026 (9 filings since Feb 10, 2022)
  • DIMENSIONAL FUND ADVISORS LP Filed SCHEDULE 13G on RBB Bancorp, latest Jul 14, 2026
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on RBB Bancorp, latest Mar 27, 2026 (2 filings since Oct 30, 2025)
  • RBB Bancorp Los Angeles, California, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What RBB Bancorp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$42.0M6 Dec 31, 2025$41.2M6 Dec 31, 2024+2.0%
Accumulated depreciation$18.6M6 Dec 31, 2025$16.8M6 Dec 31, 2024+10.5%
Property and equipment, net$23.5M6 Dec 31, 2025$24.6M6 Dec 31, 2024−4.3%
Operating-lease assets (leased space)$23.0M6 Dec 31, 2025$28.0M6 Dec 31, 2024−17.9%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$212.3M6 Dec 31, 2025$257.7M6 Dec 31, 2024−17.6%
Debt securities available for sale$420.2M10 Dec 31, 2024$319.0M10 Dec 31, 2023+31.7%
Debt securities held to maturity$5.2M10 Dec 31, 2024$5.2M10 Dec 31, 2023−0.3%
Loans, net of allowance$3.3B6 Dec 31, 2025
Deposits held (banks)$3.4B6 Dec 31, 2025$3.1B6 Dec 31, 2024+8.6%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$71.5M6 Dec 31, 2025$71.5M6 Dec 31, 20240%
Finite-lived intangibles, net$2.0M10 Dec 31, 2024$2.8M10 Dec 31, 2023−28.1%

Properties, in its own words

We are headquartered in Los Angeles County, California. We have 14 branches in our Western Region with 12 branches in Southern California. We operate nine branches in Los Angeles County located in downtown Los Angeles, San Gabriel, Torrance, Rowland Heights, Monterey Park, Silver Lake, Arcadia, Cerritos, and Diamond Bar, one branch in Irvine, Orange County, California, two branches in Ventura County, California, in Westlake Village and in Oxnard. We also operate one branch in Las Vegas, Nevada, and one branch in Honolulu, Hawaii.

We have ten branches in the Eastern Region, with seven branches in the New York City metropolitan area located in Manhattan, Brooklyn, and Queens, two branches in Chicago, Illinois and one branch in New Jersey.

The rest of Item 2

Our Eastern Region loan center, located at 4101 8th Avenue, Brooklyn, New York, houses our Eastern Region mortgage unit, FNMA and Freddie Mac servicing, commercial lending and credit administration areas.

Our headquarters office is located at 1055 Wilshire Blvd. Suite 1200, Los Angeles, California 90017. The headquarters is in downtown Los Angeles and houses our risk management unit, including audit, compliance and BSA groups, our single-family residential mortgage group, SBA lending, commercial lending, credit administration, human resources and administrative group.

Our administrative center is located at 1055 Wilshire Blvd., Suite 1200, Los Angeles, California 91776 and houses our branch administration. Our operations center is located at 7025 Orangethorpe Avenue, Buena Park, California 90621 and houses the operations, IT, marketing and finance teams.

We lease 20 locations and own six locations for our operations. We believe that the leases to which we are subject are generally on terms consistent with prevailing market terms. None of the leases are with our directors, officers, beneficial owners of more than 5% of our voting securities or any affiliates of the foregoing. The owned locations include our Monterey Park, California branch, our Buena Park, California operations center, our Eastern region loan center, our Bensonhurst, New York branch and two branches in Chicago.

Item 2 of the 10-K filed Mar 9, 2026.5

Leadership

Who has led RBB Bancorp, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Yee Phong Thian2017–2022
  2. David Richard Morris2022–now

President

  1. Yee Phong Thian2017–2022
  2. David Richard Morris2022–2023

Chief financial officer

  1. David Richard Morris2022–2023
  2. Lynn M. Hopkins2023–now
20202025
Board members and other officers (32)

Subsidiaries and ownership

Subsidiaries (GLEIF)

Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.

Timeline

  1. Sep 8, 20268-K Executive or director change50
  2. Jul 20, 20268-K Results of operations; Regulation FD disclosure; Other events51
  3. Jun 15, 20268-K Other events52
  4. May 22, 20268-K Shareholder vote53
  5. Apr 20, 20268-K Results of operations; Regulation FD disclosure; Other events54
  6. Apr 6, 20268-K Executive or director change55
  7. Jan 27, 20268-K Results of operations; Regulation FD disclosure; Other events56
  8. Oct 21, 20258-K Results of operations; Regulation FD disclosure; Other events57
  9. Jul 22, 20258-K Results of operations; Regulation FD disclosure; Other events58
  10. May 29, 20258-K Other events59
  11. May 23, 20258-K Shareholder vote60
  12. Apr 29, 20258-K Results of operations; Regulation FD disclosure61
  13. Apr 28, 2022New chief executive David Richard Morris becomes CEO15
  14. Jul 25, 2017New chief executive Yee Phong Thian becomes CEO16
  15. Jun 3, 2010Founded RBB Bancorp is founded2

Calendar

When it reported results

  1. Jul 20, 2026Reported quarterly or annual results51
  2. Apr 20, 2026Reported quarterly or annual results54
  3. Jan 27, 2026Reported quarterly or annual results56
  4. Oct 21, 2025Reported quarterly or annual results57
  5. Jul 22, 2025Reported quarterly or annual results58
  6. Apr 29, 2025Reported quarterly or annual results61
  7. Feb 4, 2025Reported quarterly or annual results62
  8. Oct 21, 2024Reported quarterly or annual results63

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

442 filings to the SEC since October 2021: 7 annual reports, 15 quarterly reports, 79 major events, 304 insider forms, 16 large holders, 21 other. The latest 20:

  1. Sep 8, 20268-K EDGAR
  2. Aug 21, 20264 DIANA HANSON - RSU VESTING EDGAR
  3. Aug 7, 202610-Q EDGAR
  4. Aug 6, 2026SCHEDULE 13G/A EDGAR
  5. Jul 22, 20264 JOHNNY LEE RSU VESTING EDGAR
  6. Jul 20, 20268-K EDGAR
  7. Jul 14, 2026SCHEDULE 13G EDGAR
  8. Jun 15, 20268-K EDGAR
  9. Jun 8, 20264 DAVID MORRIS - SALE EDGAR
  10. Jun 5, 2026144 EDGAR
  11. Jun 4, 2026144 EDGAR
  12. May 27, 20264 GARY FAN - SELL OF STOCK EDGAR
  13. May 26, 2026144 EDGAR
  14. May 26, 20264 JAMES KAO - GRANTED/VESTED RSU EDGAR
  15. May 26, 20264 CHRISTINA KAO - GRANTED/VESTED RSU EDGAR
  16. May 26, 20264 JOYCE WONG LEE - GRANTED/VESTED RSU EDGAR
  17. May 26, 20264 GERALDINE PANNU - GRANTED/VESTED RSU EDGAR
  18. May 26, 20264 BILL BENNETT - VESTED RSU EDGAR
  19. May 26, 20264 CHUANG-I LIN - VESTED RSU EDGAR
  20. May 26, 20264 ROBERT FRANKO - GRANTED/VESTED RSU EDGAR

The 442 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

62 open-market trades by officers, directors and large owners since October 2021: 31 buys and 31 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 4, 2026Morris David RichardDirectorSale1,946$23.99$46.7KForm 4
May 26, 2026Fan GaryEVP/Chief Operations OfficerSale2,368$24.01$56.9KForm 4
May 7, 2026LIN CHUANG IDirectorSale10,000$24.23$242.3KForm 4
May 4, 2026Morris David RichardDirectorSale4,500$23.90$107.5KForm 4
Apr 29, 2026Fan GaryEVP/Chief Operations OfficerSale6,000$24.04$144.2KForm 4
Apr 23, 2026Bennett BillDirectorSale4,121$24.07$99.2KForm 4
Jun 5, 2025Fan GaryEVP/Chief Operations OfficerSale1,451$16.73$24.3KForm 4
Mar 3, 2025Kao JamesDirectorBuy612$17.36$10.6KForm 4
Feb 25, 2025Kao JamesDirectorBuy385$17.15$6.6KForm 4
Feb 24, 2025Kao JamesDirectorBuy5,960$17.24$102.8KForm 4
Feb 21, 2025Kao JamesDirectorBuy3,352$17.31$58.0KForm 4
Dec 6, 2024Fan GaryEVP/Chief Operations OfficerSale12,000$23.45$281.4KForm 4
Nov 13, 2024Morris David RichardDirectorSale9,000$24.89$224.0KForm 4
Jun 14, 2024Kao JamesDirectorBuy7,000$17.08$119.6KForm 4
May 16, 2024Kao JamesDirectorBuy5,447Form 4
Mar 15, 2024Kao JamesDirectorBuy688$16.68$11.5KForm 4
Mar 14, 2024Kao JamesDirectorBuy16,201$16.88$273.5KForm 4
Mar 13, 2024Kao JamesDirectorBuy2,000$16.98$34.0KForm 4
Mar 6, 2024Kao JamesDirectorBuy2,289$16.97$38.8KForm 4
Mar 4, 2024Kao JamesDirectorBuy2,000$16.98$34.0KForm 4

All 62 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Johnny Lee63$597.3K$1.5M67
2025Lynn Hopkins58$410.0K$900.2K67
2025Gary Fan42$350.0K$666.3K67
2025Jeffrey Yeh64$353.0K$659.3K67
2025Mina Rizkalla53$329.2K$580.7K67
2025David R. Morris65$261.8K$331.0K67
2024Former ChiefExecutive Officer of the Company$670.0K$1.4M67
2024President and Chief Executive Officer$583.6K$1.1M67
2024Executive VicePresident and Chief Financial Officer$407.1K$970.2K67
2023Former ChiefExecutive Officer of the Company$619.0K$1.1M67
2023President and Chief Executive Officer$298.6K$751.2K67
2023Executive VicePresident and Chief Financial Officer$22.8K$24.3K67

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.1,292,135$35.4M0.0%+150,787
Dimensional Fund Advisors LP902,290$24.7M0.0%+72,076
Vanguard Capital Management LLC641,304$17.6M0.0%−18,721
American Century Companies Inc536,436$14.7M0.0%+68,758
Geode Capital Management, LLC370,553$10.2M0.0%+23,223
State Street Corp337,621$9.3M0.0%+12,799
Hillsdale Investment Management Inc.327,169$9.0M0.2%+105,769
Arrowstreet Capital, Limited Partnership223,877$6.1M0.0%+24,142
Morgan Stanley206,553$5.7M0.0%+73,971
Qube Research & Technologies Ltd195,579$5.4M0.0%+136,611
Hotchkis & Wiley Capital Management LLC185,168$5.1M0.0%+1,080
Rhino Investment Partners, Inc178,388$4.9M1.5%−160,422
Bridgeway Capital Management, LLC172,655$4.7M0.1%+6,732
Algert Global LLC156,224$4.3M0.1%New
Raymond James Financial Inc150,380$4.1M0.0%New
Vanguard Portfolio Management LLC136,257$3.7M0.0%+15,311
Northern Trust Corp125,575$3.4M0.0%+9,404
Two Sigma Investments, LP117,871$3.2M0.0%+57,535
Alliancebernstein L.P.142,884$3.1M0.0%−239,434
EJF Capital LP109,258$3.0M2.0%+401
Los Angeles Capital Management LLC108,171$3.0M0.0%+76,882
Aqr Capital Management LLC106,302$2.9M0.0%+29,273
Empowered Funds, LLC104,534$2.9M0.0%+3,071
Connor, Clark & Lunn Investment Management Ltd.103,297$2.8M0.0%+41,159
Bank of New York Mellon Corp97,894$2.7M0.0%+8,959

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How RBB Bancorp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARRBB Bancorp1
  • CIK0001499422
  • Employer ID (EIN)27-27764165
  • Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
  • Incorporated inCalifornia5
  • Fiscal year endsDecember 311
  • Industry code (SIC)6022 State Commercial Banks1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address1055 Wilshire Boulevard, Suite 1200, Los Angeles, CA 900171
  • Phone213-533-79181
  • Shares outstanding16,915,964 as of Jul 31, 202613
  • Public float$286.2M as of Jun 30, 20255
  • AuditorCrowe LLP, Los Angeles, California PCAOB ID 173; it also attests to the company’s internal control over financial reporting5
  • On EDGAR sinceAug 18, 20101
  • Filings801 in all: 4 (369), 8-K (143), 4/A (90), 3 (37), 10-Q (28), CORRESP (11), 10-K (9), 144 (9)1
    All 43 form types

    DEF 14A (9), SC 13G/A (9), UPLOAD (9), 8-K/A (8), SCHEDULE 13G/A (7), SC 13G (6), 10-K/A (4), 3/A (4), 425 (3), ARS (3), D (3), EFFECT (3), FWP (3), NT 10-K (3), S-1/A (3), 424B3 (2), 424B5 (2), DRS (2), DRSLTR (2), NT 10-Q (2), S-4 (2), S-4/A (2), SCHEDULE 13G (2), 424B4 (1), 8-A12B (1), CERTNAS (1), D/A (1), DEFA14A (1), DRS/A (1), S-1 (1), S-1MEF (1), S-3 (1), S-3/A (1), S-3MEF (1), S-8 (1)

  • Latest filingsAnnual report (10-K) Mar 9, 2026
    Quarterly report (10-Q) Aug 7, 2026
    Proxy statement (DEF 14A) Apr 10, 2026
    Latest 8-K (8-K) Sep 8, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, No Par ValueRBBNASDAQ

From the cover page of the 10-K filed Mar 9, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks RBB Bancorp names in Item 1A of its 10-K filed Mar 9, 2026: 34 risks under these headings, as written.5

  • Risks Related to Interest Rates
  • Fluctuations in interest rates may reduce net interest income and otherwise negatively impact our financial condition and results of operations.
  • We could recognize losses on securities held in our securities portfolio, particularly if interest rates increase or economic and market conditions deteriorate.
  • Risks Related to Our Business
  • Changes in general business and economic conditions and any regulatory responses to such conditions could have a material adverse effect on our business, financial position, results of operations and growth prospects.
  • Health crises have in the past, and could in the future, materially and adversely affect our business and our customers, counterparties, employees, and third-party service providers.
  • We are subject to liquidity risk, which could adversely affect our financial condition and results of operations.
  • Our business depends on our ability to attract and retain Asian-American immigrants as clients.
  • Risks Related to Our Loans
  • Because a significant portion of our loan portfolio is comprised of real estate loans, negative changes in the economy affecting real estate values and liquidity could impair the value of collateral securing our real estate loans and result in loan and other losses.
  • Many of our loans are to commercial borrowers, which have a higher degree of risk than other types of loans.
  • We have a concentration in commercial real estate, which could cause our regulators to restrict our ability to grow.
The other 25 risks
  • Our SFR loan product consists primarily of non-qualified SFR mortgage loans, which may be considered less liquid and more risky.
  • The non-guaranteed portion of SBA loans that we retain on our balance sheet as well as the guaranteed portion of SBA loans that we sell could expose us to various credit and default risks.
  • Curtailment of government guaranteed loan programs could affect a segment of our business.
  • Real estate construction loans are based upon estimates of costs and values associated with the complete project. These estimates may be inaccurate, and we may be exposed to significant losses on loans for these projects.
  • Nonperforming assets take significant time to resolve and adversely affect our results of operations and financial condition, and could result in further losses in the future.
  • Risks Related to Our Deposits
  • Our deposit portfolio includes significant concentrations and a large percentage of our deposits are attributable to a relatively small number of clients.
  • Risk Related to our Allowance for Credit Losses (“ACL”)
  • If we do not effectively manage our credit risk, we may experience increased levels of delinquencies, nonperforming loans and charge-offs, which could require increases in our provision for credit losses.
  • Our ACL may prove to be insufficient to absorb potential credit losses in our loan portfolio.
  • Risks Related to our Growth Strategy
  • Acquisitions may disrupt our business.
  • Our business strategy includes plans for organic growth, and our financial condition and results of operation could be adversely affected if we fail to grow or fail to manage our growth effectively.
  • As we expand our business outside of California markets, we may encounter risks that could adversely affect us.
  • Other Risks Related to Our Business
  • If we fail to maintain effective internal control over financial reporting, we may not be able to report our financial results accurately and timely.
  • We are exposed to risks related to fraud and cyber-attacks.
  • 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.
  • Potential environmental liabilities associated with commercial lending could materially and adversely affect our business and financial condition.
  • A natural or man-made disaster or recurring energy shortage in our geographic markets, especially in California, could harm our business.
  • Climate change could have a material negative impact on us and clients.
  • We face strong competition from financial services companies and other companies that offer banking and mortgage banking services, which could harm our business.
  • Legislative and regulatory actions taken now or in the future may increase our costs and impact our business, governance structure, financial condition or results of operations.
  • Our use of third party vendors and our other ongoing third party business relationships are subject to increasing regulatory requirements and attention.
  • Risks Related to an Investment in Our Common Stock
  • The price of our common stock may fluctuate significantly, and this may make it difficult for you to sell shares of common stock owned by you at times or at prices you find attractive.
  • Our dividend policy may change.
  • Our business and financial results could be impacted materially by adverse results in legal proceedings.
  • Future sales or equity issuances could result in dilution, which could cause our common stock price to decline.
  • Provisions in our charter documents and California law may have an anti-takeover effect, and there are substantial regulatory limitations on changes of control of bank holding companies.

Legal proceedings

In the normal course of business, we are named or threatened to be named as a defendant in various lawsuits. Management does not expect the ultimate disposition of any or a combination of these matters to have a material adverse effect on our business. However, given the nature, scope and complexity of the extensive legal and regulatory landscape applicable to our business (including laws and regulations governing consumer protection, fair lending, fair labor, privacy, information security and anti-money laundering and anti-terrorism laws), we, like all banking organizations, are subject to heightened legal and regulatory compliance and litigation risk.

We accrue reserves for outstanding lawsuits, claims and proceedings when a loss contingency is probable and can be reasonably estimated in accordance with FASB guidance ASC 450, “Contingencies." The outcome of litigation and other legal and regulatory matters is inherently uncertain, however, and it is possible that one or more of the legal or regulatory matters currently pending or threatened could have a material adverse effect on our liquidity, consolidated financial position, and/or results of operations.

The opening of Item 3, Legal Proceedings.5

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