• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    OP Bancorp filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

    1/23/25 4:35:59 PM ET
    $OPBK
    Major Banks
    Finance
    Get the next $OPBK alert in real time by email
    opbk-20250123
    0001722010False00017220102025-01-232025-01-23

    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549
    ____________________________________
    FORM 8-K
    ____________________________________
    CURRENT REPORT
    Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
    Date of Report (Date of earliest event reported): January 23, 2025
    ____________________________________
    OP BANCORP
    (Exact name of registrant as specified in its charter)
    ____________________________________
    California001-3843781-3114676
    (State or other jurisdiction of incorporation)
    (Commission File Number)(IRS Employer Identification No.)
    1000 Wilshire Blvd, Suite 500, Los Angeles, CA
    90017
    (Address of principal executive offices)(Zip Code)
    Registrant’s telephone number, including area code: (213) 892-9999

    Not Applicable
    (Former name or former address, if changed since last report.)

    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (See General Instruction A.2 below):
    ☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
    ☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
    ☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
    ☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
    Securities registered pursuant to Section 12(b) of the Act:
    Title of each classTrading Symbol(s)Name of each exchange on which registered
    Common Stock, No Par ValueOPBKNASDAQ Global Market
    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
    Emerging growth company ☐
    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐



    Item 2.02    Results of Operations and Financial Condition
    On January 23, 2025, OP Bancorp, (the “Company”), the holding company of Open Bank, issued a press release announcing preliminary unaudited results for the fourth quarter and fiscal year ended December 31, 2024. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

    The information in this Current Report set forth under this Item 2.02, including the exhibit hereto, shall not be treated as “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (“Exchange Act”), nor shall it be deemed incorporated by reference into any registration statement or other filing pursuant to the Securities Act of 1933, as amended, or the Exchange Act, except as expressly stated by specific reference in such filing.
    Item 9.01    Financial Statements and Exhibits
    (d)    Exhibits.
    Exhibit NumberExhibit Description
    99.1
    Press Release, dated January 23, 2025, of OP Bancorp entitled “OP Bancorp Reports Net Income for 2024 Fourth Quarter of $5.0 Million and Diluted Earnings Per Share of $0.33”
    99.2
    Press Release, dated January 23, 2025, of OP Bancorp entitled “OP Bancorp Declares Quarterly Cash Dividend of $0.12 Per Share”
    99.3
    Earnings Presentation, 2024 Fourth Quarter
    104Cover Page Interactive Data File (embedded within the Inline XBRL document)
    2


    SIGNATURE
    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
    OP Bancorp
    Date: January 23, 2025
    By:/s/ Christine Oh
    Christine Oh
    Executive Vice President and
    Chief Financial Officer
    3
    Get the next $OPBK alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $OPBK

    DatePrice TargetRatingAnalyst
    6/3/2022$18.50 → $15.00Outperform → Mkt Perform
    Keefe Bruyette
    More analyst ratings

    $OPBK
    Financials

    Live finance-specific insights

    See more
    • OP Bancorp Reports Net Income for 2025 First Quarter of $5.6 Million and Diluted Earnings Per Share of $0.37

      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 loan

      4/24/25 4:40:00 PM ET
      $OPBK
      Major Banks
      Finance
    • OP Bancorp Declares Quarterly Cash Dividend of $0.12 per Share

      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 C

      4/24/25 4:40:00 PM ET
      $OPBK
      Major Banks
      Finance
    • OP Bancorp Reports Net Income for 2024 Fourth Quarter of $5.0 Million and Diluted Earnings Per Share of $0.33

      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 averag

      1/23/25 4:30:00 PM ET
      $OPBK
      Major Banks
      Finance

    $OPBK
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • OP Bancorp Reports Net Income for 2025 First Quarter of $5.6 Million and Diluted Earnings Per Share of $0.37

      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 loan

      4/24/25 4:40:00 PM ET
      $OPBK
      Major Banks
      Finance
    • OP Bancorp Declares Quarterly Cash Dividend of $0.12 per Share

      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 C

      4/24/25 4:40:00 PM ET
      $OPBK
      Major Banks
      Finance
    • OP Bancorp Announces Appointments of Christine Oh as Chief Operating Officer and Jaehyun Park as Chief Financial Officer

      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

      3/3/25 1:30:00 PM ET
      $OPBK
      Major Banks
      Finance

    $OPBK
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Choi Brian bought $48,888 worth of shares (4,914 units at $9.95), increasing direct ownership by 0.38% to 1,298,520 units (SEC Form 4)

      4 - OP Bancorp (0001722010) (Issuer)

      2/7/24 6:08:41 PM ET
      $OPBK
      Major Banks
      Finance

    $OPBK
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • New insider Bang Jimmy M claimed ownership of 4,190 shares (SEC Form 3)

      3 - OP Bancorp (0001722010) (Issuer)

      4/10/25 8:31:57 PM ET
      $OPBK
      Major Banks
      Finance
    • New insider Won Wesley claimed ownership of 29,318 shares (SEC Form 3)

      3 - OP Bancorp (0001722010) (Issuer)

      4/10/25 8:09:45 PM ET
      $OPBK
      Major Banks
      Finance
    • SEC Form 3 filed by new insider Park Jaehyun

      3 - OP Bancorp (0001722010) (Issuer)

      4/10/25 7:55:03 PM ET
      $OPBK
      Major Banks
      Finance

    $OPBK
    SEC Filings

    See more
    • SEC Form 10-Q filed by OP Bancorp

      10-Q - OP Bancorp (0001722010) (Filer)

      5/9/25 2:59:56 PM ET
      $OPBK
      Major Banks
      Finance
    • OP Bancorp filed SEC Form 8-K: Results of Operations and Financial Condition, Other Events, Financial Statements and Exhibits

      8-K - OP Bancorp (0001722010) (Filer)

      4/24/25 4:44:58 PM ET
      $OPBK
      Major Banks
      Finance
    • SEC Form 10-K filed by OP Bancorp

      10-K - OP Bancorp (0001722010) (Filer)

      3/28/25 4:02:18 PM ET
      $OPBK
      Major Banks
      Finance

    $OPBK
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G/A filed by OP Bancorp (Amendment)

      SC 13G/A - OP Bancorp (0001722010) (Subject)

      2/14/24 3:08:13 PM ET
      $OPBK
      Major Banks
      Finance
    • SEC Form SC 13G/A filed by OP Bancorp (Amendment)

      SC 13G/A - OP Bancorp (0001722010) (Subject)

      2/9/24 12:51:19 PM ET
      $OPBK
      Major Banks
      Finance
    • SEC Form SC 13G filed by OP Bancorp

      SC 13G - OP Bancorp (0001722010) (Subject)

      3/14/23 5:10:52 PM ET
      $OPBK
      Major Banks
      Finance

    $OPBK
    Leadership Updates

    Live Leadership Updates

    See more
    • OP Bancorp Announces Appointments of Christine Oh as Chief Operating Officer and Jaehyun Park as Chief Financial Officer

      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

      3/3/25 1:30:00 PM ET
      $OPBK
      Major Banks
      Finance
    • OP Bancorp Announces Appointment of Yeong Gwon Pak as Chief Credit Officer

      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

      12/13/24 3:38:00 PM ET
      $OPBK
      Major Banks
      Finance

    $OPBK
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • OP Bancorp downgraded by Keefe Bruyette with a new price target

      Keefe Bruyette downgraded OP Bancorp from Outperform to Mkt Perform and set a new price target of $15.00 from $18.50 previously

      6/3/22 7:30:13 AM ET
      $OPBK
      Major Banks
      Finance
    • OP Bancorp upgraded by Keefe, Bruyette & Woods with a new price target

      Keefe, Bruyette & Woods upgraded OP Bancorp from Market Perform to Outperform and set a new price target of $11.00 from $9.50 previously

      2/8/21 6:19:05 AM ET
      $OPBK
      Major Banks
      Finance