OPBK
OP Bancorp14.79
-0.09-0.61%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '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-Q
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.
8-K
OP Bancorp approves buyback
OP Bancorp's board approved a stock repurchase program on August 28, 2025, authorizing up to 700,000 shares of common stock. The program, compliant with Rule 10b-18, allows open market or negotiated buys at management's discretion, hinging on stock price and market conditions. No obligation exists to repurchase. Repurchases signal confidence in valuation, yet liquidity and capital risks loom.
10-Q
Q2 FY2025 results
OP Bancorp posted solid Q2 results, with net interest income climbing 22% year-over-year to $19.7 million on 6% loan growth to $2.07 billion, though the net interest margin edged up just 27 basis points to 3.23% amid softer yields. Earnings hit $6.3 million, or $0.42 diluted EPS, up 17% from last year, fueled by higher loan fees and service charges, yet tempered by a $1.2 million provision for credit losses—double the prior quarter's—reflecting economic caution. Deposits swelled 11% to $2.25 billion, bolstering liquidity with $205 million in cash equivalents and $767 million in available borrowings, while FHLB debt dropped to $50 million at 3.70%. Non-GAAP metrics not disclosed in the 10-Q. Loan quality held steady, but nonperformers ticked up to 0.43% of gross loans. Wildfires in California pose a tangible threat to real estate collateral.
8-K
Q2 net income up 14%
OP Bancorp posted Q2 net income of $6.3 million, up 14% from Q1's $5.6 million, with diluted EPS rising to $0.42 from $0.37, fueled by net interest income jumping 13% to $19.7 million and a net interest margin expanding to 3.23%. Loans grew 1% to $2.07 billion, deposits climbed 3% to $2.25 billion, while credit quality held firm with nonperforming loans dipping to 0.43% of gross loans. The board declared a $0.12 per share quarterly dividend, payable August 21. Solid quarter.
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