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OP Bancorp - OPBK STOCK NEWS

Welcome to our dedicated page for OP Bancorp news (Ticker: OPBK), a resource for investors and traders seeking the latest updates and insights on OP Bancorp stock.

OP Bancorp Common Stock (Symbol: OPBK) represents the equity shares of OP Bancorp, a community-focused financial institution headquartered in Los Angeles, California. Known for its commitment to relationship banking, OP Bancorp operates under a vision centered on faith-based values and a mission to deliver exceptional customer relationship management, top-tier shareholder returns, employee satisfaction, and community welfare.

OP Bancorp is engaged in the general commercial banking business across several regions, including Los Angeles, Orange, and Santa Clara counties in California, Carrollton in Texas, and Las Vegas in Nevada. With eleven full-service branches, the bank primarily serves small- and medium-sized businesses, professionals, and residents, with a particular focus on Korean and other ethnic minority communities.

Offering a wide range of financial services, OP Bancorp supports the banking needs of its clients through various products, including business loans, personal loans, deposits, and wealth management services. The Bank's strategic emphasis on the ethnic minority communities has established it as a trusted financial partner in these regions.

Recent achievements highlight the bank's robust financial condition and adaptive growth strategies. OP Bancorp has consistently demonstrated strong financial performance with a commitment to enhancing shareholder returns. The bank's initiatives to support community development and improve the quality of life for its residents further cement its role as a pivotal community bank.

In terms of partnerships, OP Bancorp collaborates with various local organizations and businesses to foster economic growth and community support. Current projects are focused on expanding its service offering and enhancing digital banking capabilities to meet the evolving needs of its customers.

Stay updated on the latest news and developments related to OP Bancorp Common Stock and gain insights into the company's performance and strategic initiatives.

Rhea-AI Summary
OP Bancorp, the holding company of Open Bank, declared a quarterly cash dividend of $0.12 per share. The dividend is payable on a specified date to shareholders of record as of a specific date. This announcement reflects the Company's commitment to returning value to its shareholders through regular dividend payments.
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OP Bancorp reported net income for the 2024 first quarter of $5.2 million and diluted earnings per share of $0.34, showing stability compared to the previous quarter. The company maintained a strong capital position, with improved credit quality metrics and increased book value per common share. Despite the challenging interest rate environment, the bank managed to grow loans and deposits while controlling net interest margin impact.
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OP Bancorp (OPBK) reported its financial results for the fourth quarter of 2023. Net income was $5.2 million, compared to $5.1 million in the third quarter. Diluted earnings per share were $0.34, compared to $0.33. Total assets increased to $2.15 billion from $2.14 billion. Gross loans increased to $1.77 billion from $1.76 billion. Total deposits decreased to $1.81 billion from $1.83 billion.
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OP Bancorp (OPBK) has declared a quarterly cash dividend of $0.12 per share of its common stock. The dividend is payable on a specific date to shareholders of record at the close of business on another specific date. The announcement reflects the company's commitment to rewarding shareholders and its confidence in its financial position.
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OP Bancorp, the holding company of Open Bank, reported its financial results for the third quarter of 2023. Net income was $5.1 million, compared to $6.1 million in the previous quarter. Diluted earnings per share were $0.33, compared to $0.39. Total assets were $2.14 billion, compared to $2.15 billion. The company announced a new program to repurchase up to 750,000 shares of its common stock.
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OP Bancorp declares quarterly cash dividend of $0.12 per share of common stock.
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OP Bancorp approves stock repurchase program for up to 750,000 shares (5% of outstanding shares) until Dec 31, 2024.
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FAQ

What is OP Bancorp?

OP Bancorp is a community bank headquartered in Los Angeles, CA, focusing on relationship banking and serving small- to medium-sized businesses and ethnic minority communities.

Where does OP Bancorp operate?

OP Bancorp operates in Los Angeles, Orange, and Santa Clara counties in California, Carrollton in Texas, and Las Vegas in Nevada.

What services does OP Bancorp provide?

OP Bancorp offers business loans, personal loans, deposits, and wealth management services.

Who are OP Bancorp's primary customers?

The Bank primarily serves small- and medium-sized businesses, professionals, and residents, focusing on Korean and other ethnic minority communities.

How many branches does OP Bancorp have?

OP Bancorp operates with eleven full-service branches.

What is the mission of OP Bancorp?

The mission of OP Bancorp is to deliver best-in-class customer relationship management, top-tier shareholder returns, be an employer of choice, and support community quality of life.

What recent achievements has OP Bancorp made?

OP Bancorp has shown robust financial performance, enhancing shareholder returns and supporting community development initiatives.

Does OP Bancorp focus on any specific communities?

Yes, OP Bancorp places particular emphasis on serving Korean and other ethnic minority communities.

What is the strategic focus of OP Bancorp?

The Bank aims to expand its service offerings, enhance digital banking capabilities, and foster economic growth through local partnerships.

How can I stay updated on OP Bancorp's latest news?

Visit StockTitan for the latest updates and detailed information on OP Bancorp's performance, events, and developments.

OP Bancorp

Nasdaq:OPBK

OPBK Rankings

OPBK Stock Data

166.02M
14.96M
25.66%
55.4%
0.12%
Savings Institutions
Finance and Insurance
Link
United States of America
LOS ANGELES