OPBK News and Press, OP Bancorp From 07/27/23

2023 Second Quarter Highlights compared with 2022 Second Quarter: Financial Results: Net income of $6.1 million, compared to $8.5 million Diluted earnings per share of $0.39, compared to $0.54 Net interest income of $17.3 million, compared to $19.1 million Net interest...

2023-07-26 05:39:15 ET Summary The margin is likely to decline further in the year ahead, partly because the deposit and loan mixes have deteriorated. The small business loan segment and uninsured deposits pose risks to the earnings. OPBK is offering a dividend yield of 5.0%. ...

2023-04-27 17:43:54 ET OP Bancorp press release ( NASDAQ: OPBK ): Q1 GAAP EPS of $0.48 beats by $0.04 . Revenue of $22.19M (+3.2% Y/Y) misses by $0.11M . For further details see: OP Bancorp GAAP EPS of $0.48 beats by $0.04, revenue of $22.19M misses by $0...

2023-04-27 16:40:18 ET OP Bancorp  ( NASDAQ: OPBK ) declares $0.12/share quarterly dividend , in line with previous. Forward yield 5.35% Payable May 25; for shareholders of record May 11; ex-div May 10. See OPBK Dividend Scorecard, Yield Chart, & Div...

2023 First Quarter Highlights compared with 2022 First Quarter: Financial Results: Net income of $7.5 million, compared to $8.2 million Diluted earnings per share of $0.48, compared to $0.53 Net interest income of $17.9 million, compared to $17.3 million Net interest m...

2023-03-22 06:08:15 ET Summary OP Bancorp is a well-managed small community bank with a focus on the Korean-American community, with a solid track record of growing tangible book value at a CAGR of 12%. Insiders are heavily involved in the company, owning 24% of the total shares o...

OP Bancorp press release ( NASDAQ: OPBK ): Q4 GAAP EPS of $0.51 misses by $0.06 . Revenue of $23.42M (-4.0% Y/Y) misses by $1.98M . For further details see: OP Bancorp  GAAP EPS of $0.51 misses by $0.06, revenue of $23.42M misses by $1.98M

2022 Fourth Quarter Highlights compared with 2021 Fourth Quarter: Financial Results: Net income of $8.0 million, compared to $9.1 million Diluted earnings per share of $0.51, compared to $0.59 Net interest income of $20.2 million, compared to $17.1 million Net interest...

Summary Margin expansion will slow down because of the recent worsening of the loan and deposit mixes. Loan growth will likely remain below normal due to the heightened interest-rate environment. The strength of California's economy will keep loan growth from dropping too low. The D...

Summary OP Bancorp's loans and deposits are growing, while margins are expanding. Asset quality metrics were mixed, but remain strong overall. Pays a 4.1% dividend yield here, and the dividend has been raised the last few years. Book value here rose 7% and the price-to-boo...