OP Bancorp Reports Fourth Quarter 2025 Net Income of $7.1 Million, Diluted EPS of $0.47

Key Terms

net interest margin financial

Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.

efficiency ratio financial

A measure of how much a company spends to produce each dollar of revenue, usually shown as operating expenses divided by revenue and expressed as a percentage. Think of it as a household’s budget: a lower percentage means more of each dollar earned stays as profit, while a higher number means costs are eating into returns. Investors use it to judge cost control and compare how efficiently companies turn revenue into earnings, especially in banks and financial firms.

common equity tier 1 capital financial

Core capital a bank holds consisting mainly of common shares and retained profits that can absorb losses without forcing the bank to sell assets or seek emergency help; items that can’t reliably cover losses are excluded. Think of it as the bank’s shock-absorbing cushion: a higher common equity tier 1 (CET1) level and ratio means regulators and investors view the bank as better able to survive bad loans or market shocks, so it signals lower risk to shareholders and creditors.

subordinated note financial

A subordinated note is a loan-like security a company issues that ranks below its other debts when paying creditors; if the company runs into trouble, holders of subordinated notes are repaid only after senior lenders. Because they are lower in the repayment order, these notes typically offer higher interest to compensate for greater risk, so investors balance the chance of higher returns against a higher likelihood of loss in distress—like taking a back-seat on a bus with a bigger fare.

sba loans financial

SBA loans are small-business loans that carry a guarantee from the U.S. Small Business Administration, meaning the government promises to cover part of the lender’s loss if the borrower can’t repay. For investors, these loans matter because they make credit more available and less risky for small companies, which can support business growth and local economic activity—similar to a safety net that encourages banks to lend where they might otherwise be cautious.

nonaccrual loans financial

Nonaccrual loans are loans a lender has stopped counting toward interest income because the borrower is overdue or unlikely to pay; the lender only records cash payments received and may set aside extra funds to cover potential losses. For investors, a rising number or amount of nonaccrual loans signals weaker credit quality, lower future interest revenue and larger potential write-downs — similar to pausing expected subscription income when many customers stop paying.

compared with third quarter 2025 net income of $6.7 million, diluted EPS of $0.45, and fourth quarter 2024 net income of $5.0 million, diluted EPS of $0.33

Higher net interest income; lower provision for credit losses

LOS ANGELES--(BUSINESS WIRE)-- OP Bancorp (the “Company”) (NASDAQ: OPBK), parent company of Open Bank, today reported:

		As of and For the Quarter												Fourth Quarter Highlights
($ in thousands, except per share data)		4Q2025				3Q2025				4Q2024				Comparisons reflect 4Q25 vs. 3Q25
Income Statement:														Income Statement
Net interest income		$	20,863			$	20,346			$	16,929			Net interest income increased 3%. Revenue remained relatively stable, and net interest margin was nearly unchanged. Provision for credit losses decreased 61%. Net income increased 5%. Diluted EPS increased $0.02 to $0.47.
Noninterest income			3,418				4,130				4,417
Revenue			24,281				24,476				21,346
Provision for credit losses			463				1,175				1,547
Noninterest expense			14,293				13,629				13,133
Net income		$	7,059			$	6,703			$	4,971
Diluted Earnings Per Share (“EPS”)		$	0.47			$	0.45			$	0.33
Net interest margin (1)			3.25	%			3.26	%			2.96	%
Efficiency ratio (2)			58.87				55.68				61.52
Balance Sheet:														Balance Sheet
Average loans (3)		$	2,204,232			$	2,132,230			$	1,947,653			Average loans increased 3%. Average deposits increased 2%.
Average deposits			2,264,990				2,229,591				2,029,855
Credit Quality:														Credit Quality
Net recoveries (charge-offs) (1) to average gross loans			0.03	%			(0.04	)%			(0.00	)%		Net loan recoveries (charge-offs) ratio remained at a low level. Allowance for credit losses to gross loans remained stable.
Allowance for credit losses on loans to gross loans			1.28				1.27				1.27
Selected Ratios:														Performance and Capital
Return on average assets ("ROA") (1)			1.07	%			1.04	%			0.84	%		ROA and ROE improved, reflecting stronger profitability and more efficient utilization of assets and equity.
Return on average equity ("ROE") (1)			12.57				12.36				9.75
Common equity tier 1 capital (“CET1”)			10.93				10.92				11.35			CET1 remained robust, reflecting a solid capital position.

(1)		Annualized.
(2)		Represents noninterest expense divided by the sum of net interest income and noninterest income.
(3)		Includes loans held-for-sale.

Sang K. Oh, President and Chief Executive Officer:

“Our fourth-quarter results highlight the continued strength and resilience of our Company. Net interest income increased 3%, and a more favorable economic outlook resulted in a 61% reduction in provision for credit losses while maintaining an adequate reserve level against credit risk. As a result, net income rose 5%, and diluted EPS also increased $0.02 to $0.47. On the balance sheet, average loans grew 3% and average deposits increased 2%, demonstrating the ongoing trust of our customers and the effectiveness of our relationship-driven approach. Asset quality remained stable, and our capital position stayed robust, underscoring the soundness of our risk management framework. As we close out 2025, we remain focused on executing our strategic priorities, supporting our customers and communities, and delivering long-term value for our shareholders,” said Sang K. Oh, President and Chief Executive Officer.

INCOME STATEMENT HIGHLIGHTS

Net Interest Income and Net Interest Margin

		For the Three Months Ended									% Change 4Q2025 vs.
($ in thousands)		4Q2025			3Q2025			4Q2024			3Q2025			4Q2024
Interest Income
Interest income		$	39,282		$	38,522		$	35,051		2	%		12	%
Interest expense			18,419			18,176			18,122		1			2
Net interest income		$	20,863		$	20,346		$	16,929		3	%		23	%

		For the Three Months Ended																		Average Yield/Rate Change 4Q2025 vs.
		4Q2025						3Q2025						4Q2024
($ in thousands)		Interest Income/Expense			Average Yield/Rate(1)			Interest Income/Expense			Average Yield/Rate(1)			Interest Income/Expense			Average Yield/Rate(1)			3Q2025		4Q2024
Interest-earning Assets:
Loans		$	35,921		6.48	%		$	35,001		6.52	%		$	31,729		6.49	%		(4) bps		(1) bps
Total interest-earning assets			39,282		6.11				38,522		6.16				35,051		6.12			(5) bps		(1) bps
Interest-bearing Liabilities:
Interest-bearing deposits			17,324		3.97				17,442		4.07				17,182		4.60			(10) bps		(63) bps
Total interest-bearing liabilities			18,419		3.99				18,176		4.06				18,122		4.58			(7) bps		(59) bps
Ratios:
Net interest income / interest rate spreads			20,863		2.12				20,346		2.10				16,929		1.54			2 bps		58 bps
Net interest margin					3.25						3.26						2.96			(1) bps		29 bps
Total deposits / cost of deposits			17,324		3.03				17,442		3.10				17,182		3.37			(7) bps		(34) bps
Total funding liabilities / cost of funds			18,419		3.09				18,176		3.13				18,122		3.41			(4) bps		(32) bps

(1)

Annualized.

		For the Three Months Ended																					Average Yield Change 4Q2025 vs.
		4Q2025							3Q2025							4Q2024
($ in thousands)		Interest Income				Average Yield(1)			Interest Income				Average Yield(1)			Interest Income				Average Yield(1)			3Q2025		4Q2024
Loan Yield Component:
Contractual interest rate		$	35,010			6.31	%		$	34,263			6.39	%		$	31,406			6.42	%		(8) bps		(11) bps
Accretion of SBA loan discount(2)			966			0.17				972			0.18				813			0.17			(1) bps		0 bps
Amortization of net deferred fees			(17	)		(0.00	)			70			0.01				(47	)		(0.01	)		(1) bps		1 bps
Amortization of premium			(301	)		(0.05	)			(244	)		(0.05	)			(363	)		(0.07	)		— bps		2 bps
Amortization of premium - Home mortgage payoffs			(123	)		(0.02	)			(112	)		(0.02	)			—			—			— bps		(2) bps
Net interest recognized on nonaccrual loans			105			0.02				(175	)		(0.03	)			(232	)		(0.05	)		5 bps		7 bps
Prepayment penalty income and other fees(3)			281			0.05				227			0.04				152			0.03			1 bps		2 bps
Yield on loans		$	35,921			6.48	%		$	35,001			6.52	%		$	31,729			6.49	%		(4) bps		(1) bps

(1)		Annualized.
(2)		Includes discount accretion from SBA loan payoffs of $505 thousand, $499 thousand and $329 thousand for the three months ended December 31, 2025, September 30, 2025 and December 31, 2024, respectively.
(3)		Includes prepayment penalty income of $145 thousand, $127 thousand and $45 thousand for the three months ended December 31, 2025, September 30, 2025 and December 31, 2024, respectively, from Commercial Real Estate (“CRE”) and SBA loans.

Fourth Quarter 2025 vs. Third Quarter 2025

Net interest income increased by $517 thousand, or 3%, primarily driven by loan growth. This increase was partially offset by higher expense associated with the issuance of a new subordinated note and lower yields on the Federal Reserve account. Net interest margin contracted by 1 basis point to 3.25%.

• Loans: Interest income increased by $920 thousand, largely attributable to a $72.0 million increase in average loan balances.
• Cash and Cash Equivalents: Interest income decreased by $142 thousand, mainly due to a 46 basis point reduction in yields, reflecting the lower rates on the Federal Reserve account following recent rate cuts.
• Deposits: Interest expense decreased slightly by $118 thousand, primarily due to a 10 basis point reduction in interest-bearing deposit costs, reflecting the repricing of deposit products following the decline in the federal funds rate. This benefit was mostly offset by a $31.6 million increase in average interest-bearing deposit balances.
• Subordinated Note: Interest expense was $278 thousand, attributable to the issuance of $25 million in subordinated debt in November 2025.

Fourth Quarter 2025 vs. Fourth Quarter 2024

Net interest income increased by $3.9 million, or 23%. The increase was largely due to loan growth and lower deposit rates. These changes were partially offset by interest-bearing deposit growth. Net interest margin rose 29 basis points to 3.25%.

• Loans: Interest income increased by $4.2 million, largely driven by a $256.6 million increase in average loan balances.
• Deposits: Interest expense increased by $142 thousand, mainly driven by a $246.0 million increase in average interest-bearing deposit balances. This increase was mostly offset by a 63 basis point reduction in interest-bearing deposit costs, resulting from the repricing of time deposits in response to the federal funds rate cuts.

Provision for Credit Losses

		For the Three Months Ended												$ Change 4Q2025 vs.
($ in thousands)		4Q2025				3Q2025				4Q2024				3Q2025				4Q2024
Provision for credit losses on loans		$	518			$	1,206			$	1,859			$	(688	)		$	(1,341	)
Reversal of credit losses on off-balance sheet exposure			(55	)			(31	)			(312	)			(24	)			257
Provision for credit losses		$	463			$	1,175			$	1,547			$	(712	)		$	(1,084	)

Fourth Quarter 2025 vs. Third Quarter 2025

Provision for credit losses on loans decreased by $688 thousand, primarily driven by an improved qualitative outlook and lower net charge-offs, partially offset by higher quantitative reserves associated with risk-rating downgrades.

Fourth Quarter 2025 vs. Fourth Quarter 2024

Provision for credit losses on loans decreased by $1.3 million, primarily due to an improved qualitative outlook and lower specific reserves, partially offset by higher quantitative reserves resulting from risk-rating downgrades.

Noninterest Income

		For the Three Months Ended									% Change 4Q2025 vs.
($ in thousands)		4Q2025			3Q2025			4Q2024			3Q2025			4Q2024
Noninterest Income
Service charges on deposits		$	462		$	725		$	967		(36	)%		(52	)%
Loan servicing fees, net of amortization			650			724			858		(10	)		(24	)
Gains on sale of loans			1,573			2,037			2,197		(23	)		(28	)
Other income			733			644			395		14			86
Total noninterest income		$	3,418		$	4,130		$	4,417		(17	)%		(23	)%

Fourth Quarter 2025 vs. Third Quarter 2025

Noninterest income decreased by $712 thousand, or 17%, primarily due to lower gains on sale of loans and service charges on deposits.

• Gains on Sale of Loans: Decreased by $464 thousand, primarily driven by lower SBA loan sale activity. During the quarter, the Bank sold $28.5 million in SBA loans at an average premium rate of 6.98%, compared to $36.8 million sold at an average premium rate of 6.71% in the prior period.
• Service Charges on Deposits: Decreased by $263 thousand, primarily due to the closure of certain currency exchange-related accounts in the third quarter of 2025 and reduced balances in existing business analysis accounts.

Fourth Quarter 2025 vs. Fourth Quarter 2024

Noninterest income decreased by $999 thousand, or 23%, primarily due to lower gains on sale of loans and service charges on deposits.

• Gains on Sale of Loans: Decreased by $624 thousand, primarily driven by lower SBA loan sale activity. During the quarter, the Bank sold $28.5 million in SBA loans at an average premium rate of 6.98%, compared to $34.7 million sold at an average premium rate of 7.82% in the prior period
• Service Charges on Deposits: Decreased by $505 thousand, largely driven by lower balances in existing business analysis account and closure of certain currency exchange-related accounts in the third quarter of 2025.

Noninterest Expense

		For the Three Months Ended										% Change 4Q2025 vs.
($ in thousands)		4Q2025				3Q2025			4Q2024			3Q2025			4Q2024
Noninterest Expense
Salaries and employee benefits		$	9,244			$	8,892		$	8,277		4	%		12	%
Occupancy and equipment			1,919				1,676			1,682		14			14
Data processing and communication			591				263			594		125			(1	)
Professional fees			549				419			388		31			41
FDIC insurance and regulatory assessments			362				428			529		(15	)		(32	)
Promotion and advertising			(9	)			126			82		NM			NM
Directors’ fees			148				151			151		(2	)		(2	)
Foundation donation and other contributions			707				671			480		5			47
Other expenses			782				1,003			950		(22	)		(18	)
Total noninterest expense		$	14,293			$	13,629		$	13,133		5	%		9	%

NM — Not meaningful

Fourth Quarter 2025 vs. Third Quarter 2025

Noninterest expense increased by $664 thousand, or 5%, primarily driven by higher salaries and employee benefits, data processing and communication, and occupancy and equipment. These increases were partially offset by lower other expenses, and promotion and advertising.

• Salaries and Employee Benefits: Increased by $352 thousand, primarily due to higher incentive accruals driven by stronger SBA loan production.
• Data Processing and Communication: Increased by $328 thousand, primarily due to adjustments associated with conversion credits from a new core system vendor.
• Occupancy and equipment: Increased by $243 thousand, primarily due to the end of a common area maintenance concession on a lease that benefited the prior period.
• Other Expenses: Decreased by $221 thousand, primarily due to lower business development expenses.

Fourth Quarter 2025 vs. Fourth Quarter 2024

Noninterest expense increased by $1.2 million, or 9%, primarily due to higher salaries and employee benefits.

• Salaries and Employee Benefits: Increased by $967 thousand, mainly driven by staffing growth and annual salary adjustments effective April 2025. Higher incentive accruals further contributed to the increase.

Income Tax Expense

Fourth Quarter 2025 vs. Third Quarter 2025

Income tax expense decreased by $503 thousand to $2.5 million, with the effective tax rate declining to 25.9% from 30.7%. The decreases were primarily driven by a one-time revaluation of deferred tax assets in the prior period, resulting from the adoption of the California’s single sales factor apportionment method and the implementation of an enhanced interim state tax apportionment methodology.

Fourth Quarter 2025 vs. Fourth Quarter 2024

Income tax expense increased by $771 thousand to $2.5 million, with the effective tax rate rising to 25.9% from 25.4%. The increase in income tax expense was primarily attributable to higher pre-tax income.

BALANCE SHEET HIGHLIGHTS

Loans

		As of									% Change 4Q2025 vs.
($ in thousands)		4Q2025			3Q2025			4Q2024			3Q2025			4Q2024
CRE		$	1,132,223		$	1,092,808		$	980,247		4	%		16	%
SBA			264,523			256,211			253,710		3			4
C&I			221,270			214,419			213,097		3			4
Home mortgage			574,300			587,641			509,524		(2	)		13
Consumer & other			1,353			138			274		880			394
Gross loans		$	2,193,669		$	2,151,217		$	1,956,852		2	%		12	%

The following table presents loan originations and the corresponding weighted average contractual rates for the periods indicated:

		For the Three Months Ended																		% Change in Amounts 4Q2025 vs.
		4Q2025						3Q2025						4Q2024
($ in thousands)		Amount			Rate			Amount			Rate			Amount			Rate			3Q2025			4Q2024
CRE		$	75,750		6.60	%		$	98,799		6.36	%		$	63,717		6.91	%		(23	)%		19	%
SBA			26,748		8.52				15,051		8.72				14,780		9.41			78			81
C&I			6,870		6.57				9,984		6.96				4,606		9.38			(31	)		49
Home mortgage			7,020		6.45				6,861		6.69				18,092		6.42			2			(61	)
Consumer and other			—		—				—		—				—		—			—			—
Gross loans (1)		$	116,388		7.03	%		$	130,695		6.69	%		$	101,195		7.30	%		(11	)%		15	%

(1)

Excludes changes in line utilization.

The following table summarizes the loan activity for the periods indicated:

		For the Three Months Ended
($ in thousands)		4Q2025				3Q2025				4Q2024
Beginning Balance		$	2,151,217			$	2,071,580			$	1,931,007
Originations			116,388				130,695				101,195
Net change in line utilization			34,191				31,167				33,736
Purchases			1,014				8,930				553
Sales			(28,549	)			(36,806	)			(34,715	)
Payoffs & paydowns			(75,506	)			(67,639	)			(79,001	)
Decrease (increase) in loans held-for-sale			(4,963	)			13,536				3,579
Other			(123	)			(246	)			498
Total			42,452				79,637				25,845
Ending balance		$	2,193,669			$	2,151,217			$	1,956,852

The following table presents the composition of gross loans by interest rate type accompanied with the weighted average contractual rates as of the periods indicated:

		As of
		4Q2025						3Q2025						4Q2024
($ in thousands)		%			Rate			%			Rate			%			Rate
Fixed rate		31	%		5.69	%		31	%		5.61	%		33	%		5.44	%
Hybrid rate		40			5.93			41			5.89			37			5.66
Variable rate		29			7.64			28			8.02			30			8.47
Gross loans		100	%		6.34	%		100	%		6.40	%		100	%		6.43	%

The following table presents the maturity of gross loans by interest rate type accompanied with the weighted average contractual rates for the periods indicated:

		As of December 31, 2025
		Within One Year						One Year Through Five Years						After Five Years						Total
($ in thousands)		Amount			Rate			Amount			Rate			Amount			Rate			Amount			Rate
Fixed rate		$	218,538		5.68	%		$	272,569		6.24	%		$	185,633		4.88	%		$	676,740		5.69	%
Hybrid rate			—		—				202,200		4.78				687,782		6.27				889,982		5.93
Variable rate			95,323		7.18				162,058		6.98				369,566		8.04				626,947		7.64
Gross loans		$	313,861		6.13	%		$	636,827		5.97	%		$	1,242,981		6.59	%		$	2,193,669		6.34	%

Allowance for Credit Losses

The following table summarizes the activity in the allowance for credit losses for the periods presented:

		As of and For the Three Months Ended												$ Change 4Q2025 vs.
($ in thousands)		4Q2025				3Q2025				4Q2024				3Q2025				4Q2024
Allowance for credit losses on loans, beginning		$	27,299			$	26,286			$	22,960			$	1,013			$	4,339
Provision for credit losses on loans			518				1,206				1,859				(688	)			(1,341	)
Gross charge-offs			—				(195	)			(29	)			195				29
Gross recoveries			158				2				6				156				152
Net recoveries (charge-offs)			158				(193	)			(23	)			351				181
Allowance for credit losses on loans, ending		$	27,975			$	27,299			$	24,796			$	676			$	3,179
Allowance for credit losses on off-balance sheet exposure, beginning		$	329			$	360			$	672			$	(31	)		$	(343	)
Reversal of credit losses on off-balance sheet exposure			(55	)			(31	)			(312	)			(24	)			257
Allowance for credit losses on off-balance sheet exposure, ending		$	274			$	329			$	360			$	(55	)		$	(86	)

Asset Quality

		As of and For the Three Months Ended												% or Basis Point Change 4Q2025 vs.
($ in thousands)		4Q2025				3Q2025				4Q2024				3Q2025			4Q2024
Accruing loans 30-89 days past due		$	6,292			$	5,386			$	8,964			17	%		(30	)%
As a % of gross loans			0.29	%			0.25	%			0.46	%		4 bps			(17) bps
Nonperforming loans (1)		$	14,071			$	12,312			$	7,820			14	%		80	%
Nonperforming assets (1)			14,071				13,157				9,057			7			55
Nonperforming loans to gross loans			0.64	%			0.57	%			0.40	%		7 bps			24 bps
Nonperforming assets to total assets			0.53				0.50				0.38			3 bps			15 bps
Criticized loans (2)(3)		$	32,060			$	28,075			$	19,570			14.2	%		63.8	%
Criticized loans to gross loans			1.46	%			1.31	%			1.00	%		15 bps			46 bps
Allowance for credit losses ratios:
As a % of gross loans			1.28	%			1.27	%			1.27	%		1 bps			1 bps
As a % of nonperforming loans			199				222				317			(23	)%		(118	)%
As a % of nonperforming assets			199				207				274			(8	)		(75	)
As a % of criticized loans			87				97				127			(10	)		(40	)
Net recoveries (charge-offs) (4) to average gross loans			0.03				(0.04	)			(0.00	)		7 bps			3 bps

(1)		Excludes the guaranteed portion of loans that were in liquidation totaling $20.9 million, $17.6 million and $16.3 million as of December 31, 2025, September 30, 2025 and December 31, 2024, respectively.
(2)		Excludes the guaranteed portion of loans that were in liquidation totaling $27.3 million, $20.8 million and $16.3 million as of December 31, 2025, September 30, 2025 and December 31, 2024, respectively.
(3)		Consists of special mention, substandard, doubtful and loss categories.
(4)		Annualized.

Credit quality remained strong during the period, with nonperforming loans at a low 0.64% of gross loans and annualized net recoveries at just 0.03%. The allowance remained adequate at 1.28% of gross loans.

• Accruing loans 30-89 days past due increased by $906 thousand, primarily driven by $3.6 million inflows into this category, mainly SBA loans. This increase was partially offset by $1.5 million in payoffs from SBA and C&I loans, as well as $1.0 million transfer to nonaccrual status in SBA and home mortgage loans.
• Nonperforming loans increased by $1.8 million, reflecting the migration of $3.2 million in loans across multiple loan categories to nonaccrual status, partially offset by the return of a $1.4 million home mortgage loan to accrual status.
• Criticized loans increased by $4.0 million, primarily attributable to $5.2 million in loan downgrades, partially offset by the same $1.4 million home mortgage loan returning to accrual status as discussed above.

Deposits

		As of
		4Q2025						3Q2025						4Q2024						% Change 4Q2025 vs.
($ in thousands)		Amount			%			Amount			%			Amount			%			3Q2025			4Q2024
Noninterest-bearing deposits		$	520,865		23	%		$	543,972		24	%		$	504,928		25	%		(4	)%		3	%
Money market deposits and others			388,066		17				402,891		18				329,095		16			(4	)		18
Time deposits			1,371,616		60				1,326,554		58				1,193,262		59			3			15
Total deposits		$	2,280,547		100	%		$	2,273,417		100	%		$	2,027,285		100	%		0	%		12	%
Estimated uninsured deposits		$	1,093,843		48	%		$	1,131,091		50	%		$	961,687		47	%		(3	)%		14	%

As of December 31, 2025 vs. September 30, 2025

Total deposits increased by $7.1 million, primarily driven by a $45.1 million increase in time deposits, partially offset by a $23.1 million decrease in noninterest-bearing deposits, and a $14.8 million decrease in money market deposits and others. The increase in time deposits reflects new retail customers opening CD accounts and a rise in wholesale CD balances to support loan growth. The declines in noninterest-bearing and money market deposits were primarily attributable to reductions in existing customer balances, reflecting customers’ liquidity and investment preferences.

As of December 31, 2025 vs. December 31, 2024

Total deposits increased by $253.3 million or 12%, primarily driven by growth of $178.4 million in time deposits and $59.0 million in money market deposits and others. The increase in time deposits was largely due to new customers opening CD accounts, reflecting a preference for higher-yielding products, along with higher wholesale CD balances. Similarly, the expansion in money market deposits and others was mainly driven by inflows from new customers and increased wholesale money market balances.

The following table sets forth the maturity of time deposits as of December 31, 2025:

		As of December 31, 2025
($ in thousands)		Within Three Months				Three to Six Months				Six to Nine Months				Nine to Twelve Months				After Twelve Months				Total
Time deposits (greater than $250)		$	319,815			$	119,285			$	94,984			$	148,957			$	915			$	683,956
Time deposits ($250 or less)			323,978				141,651				121,394				98,862				1,775				687,660
Total time deposits		$	643,793			$	260,936			$	216,378			$	247,819			$	2,690			$	1,371,616
Weighted average rate			4.10	%			4.20	%			4.18	%			4.01	%			2.47	%			4.11	%

OTHER HIGHLIGHTS

Liquidity

The Company maintains ample access to liquidity, including highly liquid assets on our balance sheet and available unused borrowings from other financial institutions. The following table presents the Company's liquid assets and available borrowings as of dates presented:

($ in thousands)		4Q2025				3Q2025				4Q2024
Liquidity Assets:
Cash and cash equivalents		$	167,311			$	166,748			$	134,943
Available-for-sale ("AFS") debt securities			192,785				200,760				185,909
Liquid assets		$	360,096			$	367,508			$	320,852
Liquid assets to total assets			14	%			14	%			14	%
Available Borrowings:
Federal Home Loan Bank ("FHLB") —San Francisco		$	443,629			$	430,887			$	401,900
Federal Reserve Bank			208,859				210,584				215,115
Pacific Coast Bankers Bank			50,000				50,000				50,000
Zions Bank			25,000				25,000				25,000
First Horizon Bank			25,000				25,000				25,000
Total available borrowings		$	752,488			$	741,471			$	717,015
Total available borrowings to total assets			28	%			28	%			30	%
Liquid assets and available borrowings to total deposits			49	%			49	%			51	%

Capital and Capital Ratios

On January 22, 2026, the Company’s Board of Directors declared a quarterly cash dividend of $0.12 per share of its common stock. The dividend is payable on or about February 19, 2026, to shareholders of record as of the close of business on February 5, 2026. The principal source of funds from which the Company pays dividends are the dividends received from the Bank. During the fourth quarter of 2025, no shares were repurchased under the repurchase program approved in August 2025.

On November 7, 2025, the Company issued a $25 million subordinated note. This qualifies as Tier 2 capital at the consolidated level and Tier 1 capital at the bank level under current regulatory guidelines and interpretations.

		OP Bancorp(1)			Open Bank			Well- Capitalized Requirement			Minimum Capital Ratio+ Conservation Buffer(2)
Risk-Based Capital Ratios (3):
Total capital		13.32	%		13.30	%		10.00	%		10.50	%
Tier 1 capital		10.93			12.05			8.00			8.50
CET1 capital		10.93			12.05			6.50			7.00
Tier 1 leverage		8.99			9.91			5.00			4.00

(1)		The capital requirements are only applicable to the Bank. The Company's ratios are included solely for comparison purpose.
(2)		An additional 2.5% capital conservation buffer above the minimum capital ratios are required in order to avoid limitations on distributions, including dividend payments and certain discretionary bonuses to executive officers. This buffer does not apply and is not included in the tier 1 leverage ratio.
(3)		The Company’s December 31, 2025 regulatory capital ratios and risk-weighted assets are preliminary.

														% or Basis Point Change 4Q2025 vs.
OP Bancorp		4Q2025				3Q2025				4Q2024				3Q2025			4Q2024
Risk-Based Capital Ratios:
Total capital			13.32	%	(1)		12.17	%			12.60	%		115 bps			72 bps
Tier 1 capital			10.93		(1)		10.92				11.35			1 bps			(42) bps
CET1 capital			10.93		(1)		10.92				11.35			1 bps			(42) bps
Tier 1 leverage			8.99		(1)		9.01				9.27			(2) bps			(28) bps
Risk-weighted Assets ($ in thousands)		$	2,174,800		(1)	$	2,127,000			$	1,941,622			2	%		12	%

(1)

The Company’s December 31, 2025 regulatory capital ratios and risk-weighted assets are preliminary.

ABOUT OP BANCORP

OP Bancorp, the holding company for Open Bank (the “Bank”), is a California corporation whose common stock is quoted on the Nasdaq Global Market under the ticker symbol, “OPBK.” The Bank operates general commercial banking business in Los Angeles, Orange, and Santa Clara Counties in California, the Dallas metropolitan area in Texas, and Clark County in Nevada, serving small- and medium-sized businesses, professionals, and local residents with a particular focus on Korean and other Asian communities. The Bank currently operates twelve full-service branch offices in Downtown Los Angeles, Los Angeles Fashion District, Los Angeles Koreatown, Cerritos, Gardena, Buena Park, Garden Grove and Santa Clara, California, Carrollton, Texas and Las Vegas, Nevada. The Bank also has five loan production offices in Pleasanton, California, Atlanta, Georgia, Aurora, Colorado, Lynnwood, Washington, and Fairfax, Virginia. The Bank commenced its operations on June 10, 2005 as First Standard Bank and changed its name to Open Bank in October 2010. Its headquarters is located at 1000 Wilshire Blvd., Suite 500, Los Angeles, California 90017. Phone 213.892.9999; www.myopenbank.com.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Certain matters set forth herein constitute “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Rule 3b-6 promulgated thereunder. All statements that are not statements of historical fact are forward-looking, and readers should not construe these statements of assurances of expected or intended results, or of promises that management will take a given course of action or pursue the currently expected strategies and objectives. Forward-looking statements in this report include comments about the Company’s current business plans and expectations regarding future operating results, as well as management’s statements about expected future events and economic developments, plans, strategies and objectives. All such statements reflect the current intentions, beliefs and expectations of the Company’s executive management based on currently available information and current and expected market conditions. Forward-looking statements can sometimes be identified by the use of forward-looking language, such as “likely result in,” “expects,” “anticipates,” “estimates,” “forecasts,” “projects,” “intends to,” or may include other similar words or phrases, such as “believes,” “plans,” “trend,” “objective,” “continues,” “remains,” or similar expressions, or future or conditional verbs, such as “will,” “would,” “should,” “could,” “may,” “might,” “can,” or similar verbs. Readers should not construe these statements as assurances of a given level of performance, or as promises that we will take the actions our management currently expects.

Our forward-looking statements are subject to risks and uncertainties that could cause actual results, performance or achievements to differ materially from those projected or could cause us to change plans or strategies or otherwise to take actions that differ from those we currently expect. The known risks and uncertainties that may have these effects are described in Part II, Item 1A, of our Quarterly Report on Form 10-Q for the period ended September 30, 2025, and in our other filings with the Securities and Exchange Commission. In addition to those risks, we may face risks from increased interest expense and increased leverage in light of our issuance of $25 million in principal amount of subordinated note in November 2025. You should read all forward-looking statements in the context of the foregoing and should not consider them to be reliable predictions of future events or as assurances of a particular level of performance or intended course of action. Any forward-looking statement speaks only as of the date on which it is made, and we do not undertake any obligation to update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.

CONSOLIDATED BALANCE SHEETS (unaudited)
		As of												% Change 4Q2025 vs.
($ in thousands)		4Q2025				3Q2025				4Q2024				3Q2025			4Q2024
Assets
Cash and due from banks		$	10,911			$	10,931			$	12,268			0	%		(11	)%
Interest-bearing deposits with banks			156,400				155,817				122,675			0			27
Cash and cash equivalents			167,311				166,748				134,943			0			24
AFS debt securities, at fair value			192,785				200,760				185,909			(4	)		4
Other investments			17,208				17,164				16,437			0			5
Loans held-for-sale			11,443				6,480				4,581			77			150
CRE			1,132,223				1,092,808				980,247			4			16
SBA			264,523				256,211				253,710			3			4
C&I			221,270				214,419				213,097			3			4
Home mortgage			574,300				587,641				509,524			(2	)		13
Consumer and other			1,353				138				274			880			394
Gross loans			2,193,669				2,151,217				1,956,852			2			12
Allowance for credit losses on loans			(27,975	)			(27,299	)			(24,796	)		2			13
Net loans			2,165,694				2,123,918				1,932,056			2			12
Premises and equipment, net			5,744				6,995				5,449			(18	)		5
Accrued interest receivable			10,482				10,337				9,188			1			14
Servicing assets			10,057				10,429				10,834			(4	)		(7	)
Company owned life insurance			23,616				23,437				22,912			1			3
Deferred tax assets, net			12,438				12,099				14,893			3			(16	)
Other real estate owned ("OREO")			—				845				1,237			(100	)		(100	)
Operating right-of-use assets			8,804				9,347				7,415			(6	)		19
Other assets			24,644				25,655				20,159			(4	)		22
Total assets		$	2,650,226			$	2,614,214			$	2,366,013			1	%		12	%
Liabilities and Shareholders' Equity
Liabilities:
Noninterest-bearing		$	520,865			$	543,972			$	504,928			(4	)%		3	%
Money market and others			388,066				402,891				329,095			(4	)		18
Time deposits greater than $250			683,956				667,883				565,813			2			21
Other time deposits			687,660				658,671				627,449			4			10
Total deposits			2,280,547				2,273,417				2,027,285			0			12
FHLB advances			75,000				75,000				95,000			—			(21	)
Subordinated note			24,586				—				—			NM			NM
Accrued interest payable			14,595				15,968				16,067			(9	)		(9	)
Operating lease liabilities			11,175				11,826				7,857			(6	)		42
Other liabilities			16,430				16,504				14,811			0			11
Total liabilities			2,422,333				2,392,715				2,161,020			1			12
Shareholders' equity:
Common stock			73,018				72,984				73,697			0			(1	)
Additional paid-in capital			11,849				11,658				11,928			2			(1	)
Retained earnings			153,303				148,031				134,781			4			14
Accumulated other comprehensive loss, net of tax			(10,277	)			(11,174	)			(15,413	)		(8	)		(33	)
Total shareholders’ equity			227,893				221,499				204,993			3			11
Total liabilities and shareholders' equity		$	2,650,226			$	2,614,214			$	2,366,013			1	%		12	%

NM — Not meaningful

CONSOLIDATED STATEMENTS OF INCOME (unaudited)
		For the Three Months Ended												% or Basis Point Change 4Q2025 vs.
($ in thousands, except share and per share data)		4Q2025				3Q2025				4Q2024				3Q2025			4Q2024
Interest income
Interest and fees on loans		$	35,921			$	35,001			$	31,729			3	%		13	%
Interest on AFS debt securities			1,680				1,699				1,551			(1	)		8
Other interest income			1,681				1,822				1,771			(8	)		(5	)
Total interest income			39,282				38,522				35,051			2			12
Interest expense
Interest on deposits			17,324				17,442				17,182			(1	)		1
Interest on borrowings			817				734				940			11			(13	)
Interest on subordinated note			278				—				—			NM			NM
Total interest expense			18,419				18,176				18,122			1			2
Net interest income			20,863				20,346				16,929			3			23
Provision for credit losses			463				1,175				1,547			(61	)		(70	)
Net interest income after provision for credit losses			20,400				19,171				15,382			6			33
Noninterest income
Service charges on deposits			462				725				967			(36	)		(52	)
Loan servicing fees, net of amortization			650				724				858			(10	)		(24	)
Gains on sale of loans			1,573				2,037				2,197			(23	)		(28	)
Other income			733				644				395			14			86
Total noninterest income			3,418				4,130				4,417			(17	)		(23	)
Noninterest expense
Salaries and employee benefits			9,244				8,892				8,277			4			12
Occupancy and equipment			1,919				1,676				1,682			14			14
Data processing and communication			591				263				594			125			(1	)
Professional fees			549				419				388			31			41
FDIC insurance and regulatory assessments			362				428				529			(15	)		(32	)
Promotion and advertising			(9	)			126				82			NM			NM
Directors’ fees			148				151				151			(2	)		(2	)
Foundation donation and other contributions			707				671				480			5			47
Other expenses			782				1,003				950			(22	)		(18	)
Total noninterest expense			14,293				13,629				13,133			5			9
Income before income tax expense			9,525				9,672				6,666			(2	)		43
Income tax expense			2,466				2,969				1,695			(17	)		45
Net income		$	7,059			$	6,703			$	4,971			5	%		42	%
Book value per share, at period-end		$	15.31			$	14.88			$	13.83			3	%		11	%
EPS - basic			0.47				0.45				0.33			4			42
EPS - diluted			0.47				0.45				0.33			4			42
Shares of common stock outstanding, at period-end			14,889,540				14,885,614				14,819,866			0	%		0	%
Weighted average shares:
- Basic			14,886,681				14,885,614				14,816,416			0	%		0	%
- Diluted			14,915,677				14,919,474				14,816,416			0			1
ROA (1)			1.07	%			1.04	%			0.84	%		3 bps			23 bps
ROE (1)			12.57				12.36				9.75			21 bps			282 bps
Efficiency ratio (2)			58.87				55.68				61.52			319 bps			(265) bps

NM — Not meaningful
(1)		Annualized.
(2)		Represents noninterest expense divided by the sum of net interest income and noninterest income.

CONSOLIDATED STATEMENTS OF INCOME (unaudited)
		For the Year Ended
($ in thousands, except share and per share data)		2025				2024				% or Basis Point vs.
Interest income
Interest and fees on loans		$	136,874			$	124,361			10	%
Interest on AFS debt securities			6,312				6,227			1
Other interest income			7,142				7,032			2
Total interest income			150,328				137,620			9
Interest expense
Interest on deposits			68,849				68,121			1
Interest on borrowings			2,853				3,891			(27	)
Interest on subordinated note			278				—			NM
Total interest expense			71,980				72,012			0
Net interest income			78,348				65,608			19
Provision for credit losses			3,580				2,757			30
Net interest income after provision for credit losses			74,768				62,851			19
Noninterest income
Service charges on deposits			3,204				3,261			(2	)%
Loan servicing fees, net of amortization			3,281				2,898			13
Gains on sale of loans			7,070				8,313			(15	)
Other income			2,777				1,955			42
Total noninterest income			16,332				16,427			(1	)
Noninterest expense
Salaries and employee benefits			35,987				31,717			13
Occupancy and equipment			6,760				6,673			1
Data processing and communication			1,456				2,245			(35	)
Professional fees			1,793				1,535			17
FDIC insurance and regulatory assessments			1,783				1,672			7
Promotion and advertising			505				533			(5	)
Directors’ fees			677				640			6
Foundation donation and other contributions			2,570				2,108			22
Other expenses			4,242				3,076			38
Total noninterest expense			55,773				50,199			11
Income before income tax expense			35,327				29,079			21
Income tax expense			9,672				8,010			21
Net income		$	25,655			$	21,069			22	%
Book value per share, at period-end		$	15.31			$	13.83			11	%
EPS - basic			1.72				1.39			24
EPS - diluted			1.72				1.39			24
Shares of common stock outstanding, at period-end			14,889,540				14,819,866			0	%
Weighted average shares:
- Basic			14,872,429				14,871,876			0	%
- Diluted			14,906,054				14,871,876			0	%
ROA			1.01	%			0.92	%		9 bps
ROE			11.92				10.68			124 bps
Efficiency ratio (1)			58.91				61.19			(228) bps

NM — Not meaningful
(1)		Represents noninterest expense divided by the sum of net interest income and noninterest income.

ASSET QUALITY
		As of and For the Three Months Ended
($ in thousands)		4Q2025				3Q2025				4Q2024
Nonaccrual loans (1)(2)		$	14,071			$	12,312			$	7,820
Loans 90 days or more past due, accruing			—				—				—
Nonperforming loans			14,071				12,312				7,820
OREO			—				845				1,237
Nonperforming assets		$	14,071			$	13,157			$	9,057
Criticized loans (3) by risk categories:
Special mention loans		$	10,885			$	8,695			$	6,309
Classified loans (4)			21,175				19,380				13,261
Total criticized loans		$	32,060			$	28,075			$	19,570
Nonperforming loans to gross loans			0.64	%			0.57	%			0.40	%
Nonperforming assets to gross loans & OREO			0.64				0.61				0.46
Nonperforming assets to total assets			0.53				0.50				0.38
Classified loans to gross loans			0.97				0.90				0.68
Criticized loans to gross loans			1.46				1.31				1.00
Allowance for credit losses ratios:
As a % of gross loans			1.28	%			1.27	%			1.27	%
As a % of nonperforming loans			199				222				317
As a % of nonperforming assets			199				207				274
As a % of classified loans			132				141				187
As a % of criticized loans			87				97				127
Net recoveries (charge-offs)		$	158			$	(193	)		$	(23	)
Net recoveries (charge-offs) (5) to average gross loans			0.03	%			(0.04	)%			(0.00	)%

(1)		Excludes loans held-for-sale.
(2)		Excludes the guaranteed portion of loans that are in liquidation totaling $20.9 million, $17.6 million and $16.3 million as of December 31, 2025, September 30, 2025 and December 31, 2024, respectively.
(3)		Excludes the guaranteed portion of loans that are in liquidation totaling $27.3 million, $20.8 million and $16.3 million as of December 31, 2025, September 30, 2025 and December 31, 2024, respectively.
(4)		Consists of substandard, doubtful and loss categories.
(5)		Annualized.

($ in thousands)		4Q2025			3Q2025			4Q2024
Accruing delinquent loans 30-89 days past due by loan type:
CRE		$	—		$	—		$	—
SBA			2,562			1,390			370
C&I			—			617			15
Home mortgage			557			852			2,774
Total 30-59 days			3,119			2,859			3,159
CRE			—			—			—
SBA			1,168			378			211
C&I			—			—			—
Home mortgage			2,005			2,149			5,594
Total 60-89 days			3,173			2,527			5,805
CRE			—			—			—
SBA			3,730			1,768			581
C&I			—			617			15
Home mortgage			2,562			3,001			8,368
Total accruing delinquent loans 30-89 days past due		$	6,292		$	5,386		$	8,964
Nonaccrual loans (1) by loan type:
CRE		$	3,424		$	2,365		$	1,943
SBA			9,840			8,538			5,877
C&I			218			—			—
Home mortgage			589			1,409			—
Total nonaccrual		$	14,071		$	12,312		$	7,820
Criticized loans(2) by loan type:
CRE		$	10,364		$	9,345		$	9,042
SBA			18,218			14,925			10,128
C&I			1,338			864			400
Home mortgage			2,140			2,941			—
Total criticized		$	32,060		$	28,075		$	19,570

(1)		Excludes the guaranteed portion of loans that were in liquidation totaling $20.9 million, $17.6 million and $16.3 million as of December 31, 2025, September 30, 2025 and December 31, 2024, respectively.
(2)		Excludes the guaranteed portion of loans that were in liquidation totaling $27.3 million, $20.8 million and $16.3 million as of December 31, 2025, September 30, 2025 and December 31, 2024, respectively.

AVERAGE BALANCE SHEET, INTEREST AND YIELD/RATE ANALYSIS
		For the Three Months Ended
		4Q2025									3Q2025									4Q2024
($ in thousands)		Average Balance			Interest Income/Expense			Average Yield/Rate(1)			Average Balance			Interest Income/Expense			Average Yield/Rate(1)			Average Balance			Interest Income/Expense			Average Yield/Rate(1)
Interest-earning assets:
Interest-bearing deposits in other banks		$	135,883		$	1,360		3.92	%		$	134,263		$	1,502		4.38	%		$	120,170		$	1,456		4.74	%
Other investments			17,186			321		7.46				17,112			320		7.48				16,478			315		7.63
AFS debt securities, at fair value			198,335			1,680		3.39				199,766			1,699		3.40				193,738			1,551		3.20
CRE			1,119,031			17,616		6.25				1,065,460			16,689		6.21				960,639			14,653		6.07
SBA			282,501			6,557		9.21				286,556			6,841		9.47				269,842			6,542		9.65
C&I			220,274			3,846		6.93				188,146			3,537		7.46				217,816			4,086		7.46
Home mortgage			581,824			7,889		5.42				591,939			7,931		5.36				499,151			6,441		5.16
Consumer and other			602			13		8.75				129			3		9.86				205			7		13.55
Loans (2)			2,204,232			35,921		6.48				2,132,230			35,001		6.52				1,947,653			31,729		6.49
Total interest-earning assets			2,555,636			39,282		6.11				2,483,371			38,522		6.16				2,278,039			35,051		6.12
Noninterest-earning assets			79,743									83,238									85,218
Total assets		$	2,635,379								$	2,566,609								$	2,363,257
Interest-bearing liabilities:
Money market deposits and others		$	389,958		$	3,241		3.30	%		$	425,248		$	3,793		3.54	%		$	335,197		$	3,100		3.68	%
Time deposits			1,342,337			14,083		4.16				1,275,417			13,649		4.25				1,151,112			14,082		4.87
Total interest-bearing deposits			1,732,295			17,324		3.97				1,700,665			17,442		4.07				1,486,309			17,182		4.60
Borrowings			86,905			817		3.73				76,250			734		3.82				86,525			940		4.32
Subordinated note			13,896			278		7.99				—			—		—				—			—		—
Total interest-bearing liabilities			1,833,096			18,419		3.99				1,776,915			18,176		4.06				1,572,834			18,122		4.58
Noninterest-bearing liabilities:
Noninterest-bearing deposits			532,695									528,926									543,546
Other noninterest-bearing liabilities			44,985									43,890									42,925
Total noninterest-bearing liabilities			577,680									572,816									586,471
Shareholders’ equity			224,603									216,878									203,952
Total liabilities and shareholders’ equity		$	2,635,379								$	2,566,609								$	2,363,257
Net interest income / interest rate spreads					$	20,863		2.12	%					$	20,346		2.10	%					$	16,929		1.54	%
Net interest margin								3.25	%								3.26	%								2.96	%
Cost of deposits & cost of funds:
Total deposits / cost of deposits		$	2,264,990		$	17,324		3.03	%		$	2,229,591		$	17,442		3.10	%		$	2,029,855		$	17,182		3.37	%
Total funding liabilities / cost of funds			2,365,791			18,419		3.09				2,305,841			18,176		3.13				2,116,380			18,122		3.41

(1)		Annualized.
(2)		Includes loans held-for-sale.

		For the Year Ended
		2025									2024
($ in thousands)		Average Balance			Interest Income/Expense			Average Yield/Rate			Average Balance			Interest Income/Expense			Average Yield/Rate
Interest-earning assets:
Interest-bearing deposits in other banks		$	135,551		$	5,882		4.34	%		$	109,579		$	5,766		5.26	%
Other investments			16,934			1,260		7.44				16,371			1,266		7.74
AFS debt securities, at fair value			190,798			6,312		3.31				194,969			6,227		3.19
CRE			1,053,827			65,298		6.20				929,890			56,883		6.12
SBA			279,600			26,223		9.38				263,442			27,978		10.62
C&I			203,997			14,827		7.27				178,533			13,765		7.71
Home mortgage			572,093			30,501		5.33				504,030			25,648		5.09
Consumer & other			261			25		9.62				835			87		10.32
Loans (1)			2,109,778			136,874		6.49				1,876,730			124,361		6.63
Total interest-earning assets			2,453,061			150,328		6.13				2,197,649			137,620		6.26
Noninterest-earning assets			81,066									87,745
Total assets		$	2,534,127								$	2,285,394
Interest-bearing liabilities:
Money market deposits and others		$	394,603		$	13,705		3.47	%		$	346,104		$	14,135		4.08	%
Time deposits			1,273,661			55,144		4.33				1,084,107			53,986		4.98
Total interest-bearing deposits			1,668,264			68,849		4.13				1,430,211			68,121		4.76
Borrowings			72,235			2,853		3.95				88,186			3,891		4.41
Subordinated note			3,502			278		7.93				—			—		—
Total interest-bearing liabilities			1,744,001			71,980		4.13				1,518,397			72,012		4.74
Noninterest-bearing liabilities:
Noninterest-bearing deposits			532,823									528,877
Other noninterest-bearing liabilities			42,152									40,839
Total noninterest-bearing liabilities			574,975									569,716
Shareholders’ equity			215,151									197,281
Total liabilities and shareholders’ equity		$	2,534,127								$	2,285,394
Net interest income / interest rate spreads					$	78,348		2.00	%					$	65,608		1.52	%
Net interest margin								3.19	%								2.99	%
Cost of deposits & cost of funds:
Total deposits / cost of deposits		$	2,201,087		$	68,849		3.13	%		$	1,959,088		$	68,121		3.48	%
Total funding liabilities / cost of funds			2,276,824			71,980		3.16				2,047,274			72,012		3.52

(1)

Includes loans held-for-sale.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260122529620/en/

Investor Relations

OP Bancorp

Jaehyun Park

EVP & CFO

213.593.4865

jaehyun.park@myopenbank.com

Source: OP Bancorp