OP Bancorp Stock Price, News & Analysis

OP Bancorp (NASDAQ: OPBK) declared a quarterly cash dividend of $0.12 per share, payable on February 23, 2023, to shareholders of record as of February 9, 2023. This announcement reinforces OP Bancorp's commitment to returning value to its shareholders.

The company serves small- and medium-sized businesses, particularly in ethnic minority communities across California and Texas. With ten branches and four loan production offices, OP Bancorp continues to focus on its growth strategy while addressing the banking needs in diverse communities.

OP Bancorp (NASDAQ: OPBK) reported its financial results for Q4 2022, revealing a net income of $8.0 million, or $0.51 per diluted share, down from $9.1 million and $0.59 per share in Q4 2021. Net interest income rose to $20.2 million, an 18.1% gain year-over-year. Total assets increased by 21% to $2.1 billion, with total loans and deposits growing by 23%. The bank's allowance for loan losses improved to 1.13%. A quarterly dividend of $0.12 per share was declared, marking a 20% increase. Despite challenges from inflation and rate hikes, the company maintains robust asset quality and remains optimistic about future performance.

OP Bancorp (NASDAQ: OPBK) has declared a quarterly cash dividend of $0.12 per share, payable on or about November 24, 2022. Shareholders of record by the close of business on November 10, 2022 will receive this dividend. This announcement reinforces the company's commitment to returning income to its shareholders while supporting its growth in commercial banking, particularly in the ethnic minority communities across California and Texas.

OP Bancorp (NASDAQ: OPBK) reported a net income of $8.7 million for Q3 2022, reflecting a 5% year-over-year increase. Diluted earnings per share rose by 2% to $0.55. Key highlights include a 23% increase in net interest income to $20.3 million and a 21% growth in total assets, now at $2.03 billion. However, loan loss provisions increased to $662 thousand. The company declared a $0.12 quarterly dividend, marking a 20% increase. Despite challenges like inflation and market pressures, OPBK is optimistic about future growth, with solid asset quality and a return on average equity of 19.91%.

OP Bancorp (NASDAQ: OPBK) reported a strong second quarter of 2022 with net income of $8.5 million, a 33% increase year-over-year. Diluted EPS rose 29% to $0.54. Net interest income climbed 31% to $19.1 million, supported by robust loan growth of 18% to $1.55 billion and deposits up 21% to $1.74 billion. The net interest margin improved to 4.21%. The Board also approved a quarterly cash dividend of $0.12 per share, a 20% increase from the prior quarter. Despite economic headwinds, the company maintains a positive outlook for continued growth.

OP Bancorp (NASDAQ: OPBK) declared a quarterly cash dividend of $0.12 per share, payable on or about August 25, 2022. Shareholders of record as of August 11, 2022 will receive this dividend. OP Bancorp, based in California, focuses on serving small- and medium-sized businesses, especially in ethnic minority communities. It has ten full-service branch offices and four loan production offices across California and other states.

OP Bancorp (NASDAQ: OPBK) announced a quarterly cash dividend of $0.10 per share, payable on May 26, 2022, to shareholders of record by May 12, 2022. This decision reflects the company's commitment to returning value to its shareholders while continuing to meet the banking needs of small and medium-sized businesses across various locations in California and Texas. The Bank has focused efforts on serving ethnic minority communities, enhancing its reach and customer base.

OP Bancorp (NASDAQ: OPBK) reported strong first-quarter 2022 results, with a net income of $8.2 million, reflecting a 61% increase year-over-year. Diluted EPS rose to $0.53, up 61%. The company achieved a 36% increase in net interest income to $17.3 million. Total assets grew 28% to $1.86 billion, while loans and deposits rose 28% and 30%, respectively. A quarterly dividend of $0.10 per share was declared, marking a 43% increase. The company's efficiency ratio improved significantly, indicating strengthened operational effectiveness.