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) 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
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.
OP Bancorp (NASDAQ: OPBK) has declared a quarterly cash dividend of
OP Bancorp (NASDAQ: OPBK) reported a robust net income of $9.1 million for Q4 2021, representing a 140% increase from Q4 2020. Diluted earnings per share reached $0.59, up 136% year-over-year. Key metrics include a 40% rise in net interest income to $17.1 million and 115% growth in noninterest income to $7.3 million. Total assets increased by 26% to $1.73 billion, while total loans grew 25% to $1.40 billion. The quarterly cash dividend was raised by 43% to $0.10 per share.
OP Bancorp (NASDAQ: OPBK) reported strong financial results for Q3 2021, with net income of $8.3 million, a 129% increase year-over-year. Diluted earnings per share rose to $0.54, and net interest income increased by 45% to $16.6 million. Total assets reached $1.68 billion, a 25% growth, while total deposits grew by 28% to $1.50 billion. The noninterest margin improved to 4.21%, up from 3.66% in Q3 2020. Despite an increase in nonperforming loans, the company maintained a solid capital position with a CET1 ratio of 12.63%.
OP Bancorp (NASDAQ: OPBK) reported a robust second quarter for 2021 with a net income of $6.4 million, translating to $0.42 per diluted share, marking a 164% increase from Q2 2020. The strong performance is attributed to the acquisition of Hana's loan portfolio and record deposit levels. Net interest income rose to $14.6 million, a 37% year-over-year increase. The company declared a quarterly cash dividend of $0.10 per share, up 43% from the previous quarter. Total loans increased by 24.9% to $1.31 billion, while total deposits reached $1.43 billion, reflecting an 11.6% quarter-over-quarter growth.
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