OP Bancorp operates as the bank holding company for Open Bank that provides banking products and services in California. It offers demand, checking, savings, money market, and time deposit accounts, as well as certificate of deposits. The company also provides commercial real estate, small business administration, commercial and industrial business, single-family residential, term, and consumer loans; trade financing products; letters of credit, and SWIFT and export advice; and home mortgage loans. In addition, it offers debit and credit card, online transfer and bill payment, and cash management services. As of February 3, 2021, it operated nine full branch offices in Downtown Los Angeles, Los Angeles Fashion District, Los Angeles Koreatown, Gardena, Buena Park, and Santa Clara in California; and Carrollton, Texas. The company also had four loan production offices in Atlanta, Georgia; Aurora Colorado; and Lynnwood and Seattle in Washington. OP Bancorp was founded in 2005 and is headquartered in Los Angeles, California.
IPO Year: 2018
Exchange: NASDAQ
Website: myopenbank.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/3/2022 | $18.50 → $15.00 | Outperform → Mkt Perform | Keefe Bruyette |
OP Bancorp (the "Company") (NASDAQ:OPBK), the holding company for Open Bank (the "Bank"), today announces that it has appointed Yeong Gwon Pak as the Executive Vice President and Chief Credit Officer of the Company and the Bank, effective December 30, 2024. Mr. Pak will succeed Sang Oh, who currently serves as Chief Credit Officer and who will succeed Ms. Min Kim as the Company's Chief Executive Officer in accordance with its previously announced succession plans beginning in 2025. Mr. Pak, age 54, previously served as Senior Vice President and District Manager at Bank of Hope from July 2022 until his departure in December 2024. Prior to that he had served in various executive roles at Co
OP Bancorp (the "Company") (NASDAQ:OPBK), the holding company for Open Bank (the "Bank"), today announces that it has appointed Yeong Gwon Pak as the Executive Vice President and Chief Credit Officer of the Company and the Bank, effective December 30, 2024. Mr. Pak will succeed Sang Oh, who currently serves as Chief Credit Officer and who will succeed Ms. Min Kim as the Company's Chief Executive Officer in accordance with its previously announced succession plans beginning in 2025. Mr. Pak, age 54, previously served as Senior Vice President and District Manager at Bank of Hope from July 2022 until his departure in December 2024. Prior to that he had served in various executive roles at Co
2024 Third Quarter Highlights compared with 2024 Second Quarter: Financial Results: Net income of $5.4 million, no change compared to $5.4 million Diluted earnings per share of $0.36, no change compared to $0.36 Net interest income of $16.5 million, compared to $16.2 million Net interest margin of 2.95%, compared to 2.96% Provision for credit losses of $448 thousand, compared to $617 thousand Total assets of $2.39 billion, a 4.2% increase compared to $2.29 billion Gross loans of $1.93 billion, a 3.3% increase compared to $1.87 billion Total deposits of $2.06 billion, a 6.4% increase compared to $1.94 billion Credit Quality: Allowance for credit losses to gross loans
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 November 21, 2024 to all shareholders of record as of the close of business on November 7, 2024. 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 Te
Retirement of Chief Executive Officer; Designation of Chairman Emeritus; Executive Officer and Director Appointments OP Bancorp (the "Company") (NASDAQ:OPBK), the holding company of Open Bank (the "Bank"), today announces a number of expected personnel changes associated with the successful implementation of its leadership succession plan. These changes are to commence immediately and will be completed no later than June 30, 2025. Chief Executive Officer Min Kim has announced her retirement after more than forty years as a banking executive and nearly fifteen years as the President and CEO of the Company and the Bank. Ms. Kim's retirement will be effective as of June 30, 2025. She will co
2024 Second Quarter Highlights compared with 2024 First Quarter: Financial Results: Net income of $5.4 million, a 4.0% increase compared to $5.2 million Diluted earnings per share of $0.36, a 5.9% increase compared to $0.34 Net interest income of $16.2 million, compared to $16.0 million Net interest margin of 2.96%, compared to 3.06% Provision for credit losses of $617 thousand, compared to $145 thousand Total assets of $2.29 billion, a 2.5% increase compared to $2.23 billion Gross loans of $1.87 billion, a 3.6% increase compared to $1.80 billion Total deposits of $1.94 billion, a 2.4% increase compared to $1.90 billion Credit Quality: Allowance for credit
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 August 22, 2024 to all shareholders of record as of the close of business on August 8, 2024. 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 Texa
2024 First Quarter Highlights compared with 2023 Fourth Quarter: Financial Results: Net income of $5.23 million, compared to $5.17 million Diluted earnings per share of $0.34, compared to $0.34 Net interest income of $16.0 million, compared to $16.2 million Net interest margin of 3.06%, compared to 3.12% Provision for credit losses of $0.1 million, compared to $0.6 million Total assets of $2.23 billion, compared to $2.15 billion Gross loans of $1.80 billion, compared to $1.77 billion Total deposits of $1.90 billion, compared to $1.81 billion Credit Quality: Allowance for credit losses to gross loans of 1.23%, compared to 1.25% Net charge-offs(1) to avera
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 23, 2024 to all shareholders of record as of the close of business on May 9, 2024. 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
2023 Fourth Quarter Highlights compared with 2023 Third Quarter: Financial Results: Net income of $5.2 million, compared to $5.1 million Diluted earnings per share of $0.34, compared to $0.33 Net interest income of $16.2 million, compared to $17.3 million Net interest margin of 3.12%, compared to 3.38% Provision for credit losses of $0.6 million, compared to $1.4 million Total assets of $2.15 billion, compared to $2.14 billion Gross loans of $1.77 billion, compared to $1.76 billion Total deposits of $1.81 billion, compared to $1.83 billion Credit Quality: Allowance for credit losses to gross loans of 1.25%, compared to 1.23% Net charge-offs(1) to average
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 22, 2024 to all shareholders of record as of the close of business on February 8, 2024. 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
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Keefe Bruyette downgraded OP Bancorp from Outperform to Mkt Perform and set a new price target of $15.00 from $18.50 previously
Keefe, Bruyette & Woods upgraded OP Bancorp from Market Perform to Outperform and set a new price target of $11.00 from $9.50 previously
2024 Third Quarter Highlights compared with 2024 Second Quarter: Financial Results: Net income of $5.4 million, no change compared to $5.4 million Diluted earnings per share of $0.36, no change compared to $0.36 Net interest income of $16.5 million, compared to $16.2 million Net interest margin of 2.95%, compared to 2.96% Provision for credit losses of $448 thousand, compared to $617 thousand Total assets of $2.39 billion, a 4.2% increase compared to $2.29 billion Gross loans of $1.93 billion, a 3.3% increase compared to $1.87 billion Total deposits of $2.06 billion, a 6.4% increase compared to $1.94 billion Credit Quality: Allowance for credit losses to gross loans
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 November 21, 2024 to all shareholders of record as of the close of business on November 7, 2024. 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 Te
2024 Second Quarter Highlights compared with 2024 First Quarter: Financial Results: Net income of $5.4 million, a 4.0% increase compared to $5.2 million Diluted earnings per share of $0.36, a 5.9% increase compared to $0.34 Net interest income of $16.2 million, compared to $16.0 million Net interest margin of 2.96%, compared to 3.06% Provision for credit losses of $617 thousand, compared to $145 thousand Total assets of $2.29 billion, a 2.5% increase compared to $2.23 billion Gross loans of $1.87 billion, a 3.6% increase compared to $1.80 billion Total deposits of $1.94 billion, a 2.4% increase compared to $1.90 billion Credit Quality: Allowance for credit
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 August 22, 2024 to all shareholders of record as of the close of business on August 8, 2024. 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 Texa
2024 First Quarter Highlights compared with 2023 Fourth Quarter: Financial Results: Net income of $5.23 million, compared to $5.17 million Diluted earnings per share of $0.34, compared to $0.34 Net interest income of $16.0 million, compared to $16.2 million Net interest margin of 3.06%, compared to 3.12% Provision for credit losses of $0.1 million, compared to $0.6 million Total assets of $2.23 billion, compared to $2.15 billion Gross loans of $1.80 billion, compared to $1.77 billion Total deposits of $1.90 billion, compared to $1.81 billion Credit Quality: Allowance for credit losses to gross loans of 1.23%, compared to 1.25% Net charge-offs(1) to avera
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 23, 2024 to all shareholders of record as of the close of business on May 9, 2024. 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
2023 Fourth Quarter Highlights compared with 2023 Third Quarter: Financial Results: Net income of $5.2 million, compared to $5.1 million Diluted earnings per share of $0.34, compared to $0.33 Net interest income of $16.2 million, compared to $17.3 million Net interest margin of 3.12%, compared to 3.38% Provision for credit losses of $0.6 million, compared to $1.4 million Total assets of $2.15 billion, compared to $2.14 billion Gross loans of $1.77 billion, compared to $1.76 billion Total deposits of $1.81 billion, compared to $1.83 billion Credit Quality: Allowance for credit losses to gross loans of 1.25%, compared to 1.23% Net charge-offs(1) to average
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 22, 2024 to all shareholders of record as of the close of business on February 8, 2024. 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
2023 Third Quarter Highlights compared with 2023 Second Quarter: Financial Results: Net income of $5.1 million, compared to $6.1 million Diluted earnings per share of $0.33, compared to $0.39 Net interest income of $17.3 million, compared to $17.3 million Net interest margin of 3.38%, compared to 3.40% Provision for credit losses of $1.4 million, compared to none Total assets of $2.14 billion, compared to $2.15 billion Gross loans of $1.76 billion, compared to $1.72 billion Total deposits of $1.83 billion, compared to $1.86 billion Credit Quality: Allowance for credit losses to gross loans of 1.23%, compared to 1.21% Net charge-offs(1) to average gross l
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 November 23, 2023 to all shareholders of record as of the close of business on November 9, 2023. 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, California, and Carrollton, Texas and is focus
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