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 (OPBK) delivers relationship-focused banking services to diverse communities across California, Texas, and Nevada. This news hub provides investors and stakeholders with essential updates on the bank's operations, strategic initiatives, and community impact.
Access timely press releases and financial updates including quarterly earnings, leadership changes, and partnership announcements. Our curated collection helps users track OPBK's performance in key areas like small business lending, community development programs, and regional market expansion.
Discover updates on the bank's faith-based initiatives, customer service enhancements, and regulatory compliance milestones. Content is organized to highlight both financial developments and community-oriented activities that reflect OP Bancorp's dual commitment to commercial success and social responsibility.
Bookmark this page for streamlined access to OPBK's evolving story. Check regularly for new insights into one of the West Coast's most community-engaged regional banks, where financial services meet localized relationship building.
OP Bancorp (NASDAQ: OPBK) declared a quarterly cash dividend of
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.
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