OPBK
OP Bancorp14.79
-0.09-0.61%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
220.16MP/E (TTM)
9.36Basic EPS (TTM)
1.58Dividend Yield
0.03%Recent Filings
10-K
FY2025 results
OP Bancorp drove FY2025 net income to $25.6M, up 22% y/y, with net interest income surging 19% to $78.3M and margin expanding to 3.19% amid 12% loan and deposit growth to $2.19B and $2.28B. Q4 capped the year with asset expansion to $2.65B fueled by $152M CRE and $65M home mortgage gains, while efficiency sharpened to 58.9%. Nonperforming loans rose to 0.64% on SBA reclassifications, yet coverage held at 199%. Issued $25M subordinated note for capital. Loans-to-deposits steady at 96%. Cyber threats loom large.
8-K
Q4 net income $7.1M, dividend $0.12
8-K
Closes $25M Tier 2 notes
OP Bancorp closed a $25 million private placement of fixed-to-floating rate subordinated notes due 2035 on November 7, 2025. Fixed at 7.50% until 2030, then SOFR + 411 bps, the notes qualify as Tier 2 capital. Proceeds bolster Open Bank's regulatory capital for growth. Redeemable post-fifth anniversary with approvals.
10-Q
Q3 FY2025 results
OP Bancorp posted Q3 net income of $6.7M, up 23% y/y, as net interest income jumped 23% to $20.3M with margin expanding 31bps to 3.26%—loans grew 10% y/y to $2.15B led by CRE and home mortgages, while deposit costs fell. Diluted EPS held steady at $0.45 despite minor dilution from 14.9M shares, reconciling cleanly. Loans funded $22.6M operating cash flow, $166.8M cash on hand, $75M FHLB debt at 3.55%, and $741M borrowing lines. Issued $25M subordinated note post-quarter. Non-GAAP metrics not disclosed in the 10-Q. CRE concentration looms large.
8-K
Q3 earnings up 6%, dividend declared
OP Bancorp posted Q3 net income of $6.7 million, up 6% from Q2's $6.3 million, with diluted EPS rising to $0.45. Revenue climbed 3% to $24.5 million on loan growth and a 3 basis point net interest margin expansion to 3.26%, while expenses dropped 3% for an efficiency ratio of 55.68%. Credit stayed solid, with nonperforming loans at 0.57% of gross loans. Board declared a $0.12 per share dividend, payable November 20. Strong capital buffers persist.
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