SE‑Cluster

Search

Search markets, companies, evidence, and pages

TickerRBB
SectorBanks - Regional
Mkt cap$411M
EV / EBITDA8.5×
PostureHigh Velocity
Composite70/100
LensBuyer-side
SE-Cluster Research·Issuer Brief·Q2 2026CIK 1499422

RBB Bancorp

RBBHIGH VELOCITYFILING INTENSITY

RBB Bancorp reads as an High Velocity (composite 70/100); Selective Buyer deploying $0 across 0 disclosed transactions, down 100% vs the prior cycle · primary market Regional Banking.

Lens

Disclosed M&A capital (2023–2025)

N/A

−99%

vs N/A in 2020–2022

Disclosed transactions

N/A

−99%

0/3 active fiscal years in window

Buyer archetype

Selective Buyer

Acquisition use is visible but targeted.

Composite score

70

/100

High Velocity dominates · Filing Intensity

Financial snapshot
Revenue$244M
EBITDA$59M
Enterprise value$504M
EV / Revenue2.1×
EV / EBITDA8.5×
P/EN/A
Cash$197M
Total debt$120M
as of 2026-05-10
§ I·SE-Cluster Issuer Brief

Behavioral posture, nine reads.

Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.

Active Acquirer

27/100

Companies actively deploying disclosed capital into M&A

  • $139M disclosed buyer spend

Buyer Cadence

33/100

Buyer-side companies with recent filing activity

  • Filed within 32d
  • 147 8-Ks

Target Probability

4/100

Issuers showing target-side patterns from filings

Spin/Carve

0/100

Issuers showing spin-off, carve-out, or sum-of-parts posture

Pressure Watch

14/100

Issuers facing activism, governance, or control pressure

Distress Watch

0/100

Issuers showing financial-distress filing patterns

Restatement Risk

26/100

Issuers with accounting-integrity flags from filings

  • 3 auditor changes
  • 5 NT late filings
  • Latest event 2.6y ago; discounted

Capital Velocity

Dominant
70/100

Issuers with the highest filing-activity intensity

  • 147 8-Ks
  • 4 form types

Quiet Power

29/100

Large issuers with low signal volume and clean disclosure cadence

  • Enterprise value $504M
  • 10-Q 32d ago
  • 3 active signals
§ II·SE-Cluster Issuer Brief

Capital cadence.

Ten-year disclosed M&A activity. Bars show spend ($MM); ticks show recorded transaction count. Disclosure tier annotated where v6 audited corpus carries an entry.

16
17
18
19
20
21
22
23
24
25

Disclosed spend $MM Disclosed transactions (right axis)Peak spend year: $71M · Peak count: 1

FYDisclosed buysDisclosed spendAvg ticketAudited tier
2025N/AN/AN/AN/A
2024N/AN/AN/AN/A
2023N/AN/AN/AN/A
2022N/AN/AN/AN/A
20211$71M$71MN/A
20201$33M$33MN/A
§ III·SE-Cluster Issuer Brief

Strategy posture.

The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.

Archetype mix

  • Geographic Expansion
    50%
  • Bolt On
    50%

Strategy keywords

Terms recurring across recent 10-K acquisition disclosures.

  • geographic_expansion
  • bolt_on
§ IV·SE-Cluster Issuer Brief

Filing language.

Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.

Goodwill represents the future economic benefits arising from net assets acquired that are not individually identified and separately recognized and is attributable to synergies expected to be derived from the combination of the two entities.

10-KFY2018

Having successfully completed four whole-bank acquisitions since 2010, we believe we have developed an experienced acquisition team capable of identifying and executing transactions that build shareholder value through a disciplined approach.

10-KFY2017

In July 2021, we entered into an agreement, and in September 2021 we received regulatory approval in September, to purchase the Honolulu, Hawaii branch of the Bank of the Orient.

10-KFY2021

Third-party acquisition related expenses are recognized as incurred and continue until the acquired system is converted and operational functions become fully integrated.

10-KFY2020

The Company acquired FAIC to strategically establish a presence in the New York area.

10-KFY2018
§ V·SE-Cluster Issuer Brief

Market context.

Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.

Primary market

Regional Banking

Market spend (2023–2025)
$245.7B
Market spend (2020–2022)
$72.8B
Recent vs prior
+238%
Issuer rank in market
N/A
Share of market capital
0.0%

Valuation positioning

8.5×EV / EBITDA

RBB trades at a -3.8-turn discount to the Regional Banking peer median of 12.3×.

EV / Revenue
2.1×
Net debt / EBITDA
-1.3×
Peer median EV / EBITDA
12.3×

Trading comparables

FMP market data · 2026-05-10

CompanyEV / EBITDAEV / RevNet debt / EBITDARevenueM&A 2023–2025
16.7×3.7×-0.9×$13.7B$12.7B
13.9×3.0×-0.7×$58.4B$126.1B
10.7×3.2×-2.1×$3.4B$7B
9.3×2.2×-0.3×$14.5B$72.6B
RBB BancorpRBB
8.5×2.1×-1.3×$244MN/A

Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Regional Banking. Bars scaled to the highest EV/EBITDA in the set.

§ VI·SE-Cluster Issuer Brief

Target landscape.

Public-issuer targets that fit this buyer's archetype and target categories from filing-derived signal. Scores reflect cross-signal fit; reasons cite the EDGAR-anchored facts that drove the match.

No qualifying public-issuer targets surfaced from the current signal mix.

Stated target categories

No target categories enumerated in the audited corpus for this issuer.

§ VII·SE-Cluster Issuer Brief

Filing activity & signal stream.

Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.

Filing cadence

  • 10-K (annual)132026-03-09
  • 10-Q (quarterly)272026-05-08
  • 8-K (event)1472026-04-20
  • Proxy / DEF 14A102026-04-10
  • Activism (13D / DFAN / PREC)0N/A

Signals on file

  • elevated

    Auditor change

    2022-09-26

    3 Item 4.01 filings on file; certifying accountant change.

  • watch

    Late-filing notice

    2023-11-13

    5 NT 10-K/10-Q filings on file.

  • info

    Signal

    Serial acquisition history

  • info

    Signal

    10-K strategy themes

  • info

    Signal

    Restatement risk

§ VIII·SE-Cluster Issuer Brief

Audited corpus.

No audited record on file for this CIK in the current v6 corpus.

This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.