OP Bancorp Stock Price, News & Analysis

OP Bancorp (NASDAQ: OPBK) reported strong Q2 2025 financial results with net income of $6.3 million, or $0.42 diluted EPS, up from $5.6 million ($0.37 EPS) in Q1 2025. The bank demonstrated solid performance with net interest income rising 13% to $19.7 million and net interest margin expanding to 3.23%.

Key metrics showed growth with total assets reaching $2.56 billion, gross loans at $2.07 billion, and total deposits of $2.25 billion. Credit quality remained strong with nonperforming loans to gross loans decreasing to 0.43%. The bank maintained a well-capitalized position with a CET1 ratio of 11.01% and increased its book value per share to $14.36.

Under new CEO Sang K. Oh's leadership, the bank expanded its footprint with a new full-service branch in Garden Grove, California, while maintaining focus on core banking operations and customer engagement.

OP Bancorp (NASDAQ: OPBK), the holding company of Open Bank, has announced a quarterly cash dividend of $0.12 per share of common stock. The dividend will be distributed to shareholders of record as of May 8, 2025, with payment scheduled for May 22, 2025.

OP Bancorp (OPBK) reported Q1 2025 net income of $5.6 million, or $0.37 per diluted share, up from $5.0 million ($0.33/share) in Q4 2024. Key highlights include:

- Net interest income increased to $17.4 million from $16.9 million
- Net interest margin improved to 3.01% from 2.96%
- Total assets grew to $2.51 billion, up 6.2%
- Gross loans increased to $2.04 billion, up 4.4%
- Total deposits reached $2.19 billion, up 8.0%

Credit quality metrics showed mixed results with nonperforming loans increasing to 0.51% of gross loans from 0.40%. The bank maintained strong capital levels with a CET1 ratio of 11.08% and increased book value per share to $14.09. A quarterly cash dividend of $0.12 per share was paid.

OP Bancorp (NASDAQ: OPBK) has announced key executive appointments as part of its 2025 succession plan. Christine Oh, 57, who has served as Executive Vice President and CFO since 2010, will assume the role of Executive Vice President and Chief Operating Officer effective March 3, 2025.

Jaehyun Park, 53, currently Senior Vice President and Controller, will succeed Oh as Executive Vice President and CFO. Park, who joined the bank in 2014, brings experience from Nara Bank and holds degrees in Economics, Finance, and Law.

CEO Min Kim expressed confidence in both appointments, highlighting Oh's 15-year tenure as CFO and extensive knowledge of the company, while emphasizing Park's community banking and leadership experience as valuable assets for the company's growth objectives.

OP Bancorp (NASDAQ: OPBK), the holding company of Open Bank, has announced a quarterly cash dividend of $0.12 per share of common stock. The dividend will be paid on February 20, 2025, to shareholders of record as of the close of business on February 6, 2025.

OP Bancorp (OPBK) reported Q4 2024 net income of $5.0 million, or $0.33 per diluted share, compared to $5.4 million ($0.36/share) in Q3 2024. Key financial metrics include:

- Net interest income increased to $16.9 million from $16.5 million in Q3
- Net interest margin slightly improved to 2.96% from 2.95%
- Total assets decreased to $2.37 billion from $2.39 billion
- Gross loans grew to $1.96 billion from $1.93 billion
- Total deposits declined to $2.03 billion from $2.06 billion

Credit quality metrics showed some deterioration with nonperforming loans increasing to 0.40% from 0.19% of gross loans. The bank maintained strong capital levels with a CET1 ratio of 11.35% and increased its book value per share to $13.83. The company paid a quarterly cash dividend of $0.12 per share.

OP Bancorp (NASDAQ: OPBK) has appointed Yeong Gwon Pak as Executive Vice President and Chief Credit Officer, effective December 30, 2024. Pak will succeed Sang Oh, who will become CEO in 2025, replacing current CEO Min Kim. Pak, 54, joins from Bank of Hope where he served as Senior Vice President and District Manager. He previously held executive positions at Commonwealth Business Bank, including Executive Vice President and Chief Lending Officer. With over 20 years of banking experience in Los Angeles area community banks, Pak holds a Bachelor's degree in Molecular and Cellular Biology from UC Berkeley.

OP Bancorp reported net income of $5.4 million and diluted earnings per share of $0.36 for Q3 2024, unchanged from Q2 2024. Total assets increased 4.2% to $2.39 billion, with gross loans up 3.3% to $1.93 billion and deposits growing 6.4% to $2.06 billion. Net interest income rose 1.9% to $16.5 million, while net interest margin slightly decreased to 2.95%. Credit quality remained strong with nonperforming loans to gross loans at 0.19%. The bank maintained well-capitalized status with a CET1 ratio of 11.57% and increased book value per share to $13.75.

OP Bancorp (NASDAQ: OPBK), the holding company of Open Bank, has announced a quarterly cash dividend of $0.12 per share of common stock. The dividend will be paid on November 21, 2024, to shareholders of record as of the close of business on November 7, 2024.