earnings
confidence high
sentiment positive
materiality 0.75
OP Bancorp Q3 net income $8.3M, EPS $0.54, up 129% YoY; dividend raised 43% to $0.10
OP Bancorp
2021-Q3 EPS reported
$1.29
revenue$1,157,000
- Net income $8.3M vs $3.6M prior year; diluted EPS $0.54 vs $0.23, up 135% YoY.
- Net interest margin expanded to 4.21% from 3.66%; net interest income $16.6M, up 45%.
- Reversal of provision for loan losses of $884K; nonperforming loans only 0.09% of gross loans.
- Quarterly dividend raised 43% to $0.10/share, payable Nov 25, record Nov 11.
- Return on average equity 21.30% vs 10.22%; book value $10.48, up 12% YoY.