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24.04.25 - 22:42
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OP Bancorp Reports Net Income for 2025 First Quarter of $5.6 Million and Diluted Earnings Per Share of $0.37 (Business Wire)
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2025 First Quarter Highlights compared with 2024 Fourth Quarter:
Financial Results:
Net income of $5.6 million, compared to $5.0 million
Diluted earnings per share of $0.37, compared to $0.33
Net interest income of $17.4 million, compared to $16.9 million
Net interest margin of 3.01%, compared to 2.96%
Provision for credit losses of $0.7 million, compared to $1.5 million
Total assets of $2.51 billion, compared to $2.37 billion
Gross loans of $2.04 billion, compared to $1.96 billion
Total deposits of $2.19 billion, compared to $2.03 billion
Credit Quality:
Allowance for credit losses to gross loans of 1.24%, compared to 1.27%
Net charge-offs(1) to average gross loans(2) of 0.02%, compared to 0.00%
Loans past due 30-89 days to gross loans of 0.32%, compared to 0.46%
Nonperforming loans to gross loans of 0.51%, compared to 0.40%
Criticized loans(3) to gross loans of 1.13%, compared to 1.00%
Capital Levels:
Remained well-capitalized with a Common Equity Tier 1 (“CET1”) ratio of 11.08%
Book value per commo...
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24.04.25 - 22:42
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OP Bancorp Declares Quarterly Cash Dividend of $0.12 per Share (Business Wire)
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LOS ANGELES--(BUSINESS WIRE)--OP Bancorp (the “Company”) (NASDAQ: OPBK), the holding company of Open Bank (the “Bank”), announced today that its Board of Directors declared a quarterly cash dividend of $0.12 per share of its common stock. The dividend is payable on or about May 22, 2025 to all shareholders of record as of the close of business on May 8, 2025.
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 is engaged in the 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 and is focused on serving the banking needs of small- and medium-sized businesses, professionals, and residents with a particular emphasis on Korean and other ethnic minority communities. The Bank currently operates with eleven full service branch office...
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03.03.25 - 19:33
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OP Bancorp Announces Appointments of Christine Oh as Chief Operating Officer and Jaehyun Park as Chief Financial Officer (Business Wire)
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LOS ANGELES--(BUSINESS WIRE)--OP Bancorp (the “Company”) (NASDAQ: OPBK), the holding company for Open Bank (the “Bank”), today announces that it has appointed Christine Oh, age 57, as Executive Vice President and Chief Operating Officer of the Company and the Bank, effective as of March 3, 2025. Ms. Oh has served as Executive Vice President and Chief Financial Officer of the Bank since July 2010 and of the Company since its formation in March 2016. Ms. Oh has more than 34 years of banking experience.
The Company also announced the appointment of Jaehyun Park, age 53, the current Senior Vice President and Controller of the Company and the Bank, to succeed Ms. Oh as Executive Vice President and Chief Financial Officer of the Company and the Bank, effective as of March 3, 2025. Mr. Park has served his current position since he joined the Bank in June 2014. Prior to joining the Bank, Mr. Park had served various roles in finance areas at Nara Bank (now Bank of Hope), headquartered in Los Angeles, Calif...
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04.02.25 - 23:48
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XFRA : DIVIDEND/INTEREST INFORMATION - 06.02.2025 - US67109R1095 (XETRA)
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Das Instrument OP3 US67109R1095 OP BANCORP EQUITY wird cum Dividende/Zinsen gehandelt am 05.02.2025 und ex Dividende/Zinsen am 06.02.2025
The instrument OP3 US67109R1095 OP BANCORP EQUITY has its pre-dividend/interest day on 05.02.2025 and its ex-dividend/interest day on 06.02.2025...
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23.01.25 - 22:36
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OP Bancorp Declares Quarterly Cash Dividend of $0.12 Per Share (Business Wire)
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LOS ANGELES--(BUSINESS WIRE)--OP Bancorp (the “Company”) (NASDAQ: OPBK), the holding company of Open Bank (the “Bank”), announced today that its 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 20, 2025 to all shareholders of record as of the close of business on February 6, 2025.
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 is engaged in the 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 and is focused on serving the banking needs of small- and medium-sized businesses, professionals, and residents with a particular emphasis on Korean and other ethnic minority communities. The Bank currently operates with eleven full service bra...
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23.01.25 - 22:36
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OP Bancorp Reports Net Income for 2024 Fourth Quarter of $5.0 Million and Diluted Earnings Per Share of $0.33 (Business Wire)
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2024 Fourth Quarter Highlights compared with 2024 Third Quarter:
Financial Results:
Net income of $5.0 million, compared to $5.4 million
Diluted earnings per share of $0.33, compared to $0.36
Net interest income of $16.9 million, compared to $16.5 million
Net interest margin of 2.96%, compared to 2.95%
Provision for credit losses of $1.5 million, compared to $448 thousand
Total assets of $2.37 billion, compared to $2.39 billion
Gross loans of $1.96 billion, compared to $1.93 billion
Total deposits of $2.03 billion, compared to $2.06 billion
Credit Quality:
Allowance for credit losses to gross loans of 1.27%, compared to 1.19%
Net charge-offs(1) to average gross loans(2) of 0.00%, compared to 0.01%
Loans past due 30-89 days to gross loans of 0.46%, compared to 0.53%
Nonperforming loans to gross loans of 0.40%, compared to 0.19%
Criticized loans(3) to gross loans of 1.00%, compared to 0.85%
Capital Levels:
Remained well-capitalized with a Common Equity Tier 1 (“CET1”) ratio of 11.35%
Book value per comm...
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06.01.25 - 17:30
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Should Value Investors Buy OP Bancorp (OPBK) Stock? (Zacks)
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks....
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