secwatch.observer — SEC 8-K summary
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Issuer:     OP Bancorp (OPBK)
CIK:        0001722010
Form:       8-K
Filed at:   2021-10-29T23:59:59+00:00
Accession:  0001628280-21-020862
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OP Bancorp Q3 net income $8.3M, EPS $0.54, up 129% YoY; dividend raised 43% to $0.10
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1722010/000162828021020862/0001628280-21-020862-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1722010/000162828021020862/opbk-20211028.htm
  HTML page:      https://secwatch.observer/filing/0001628280-21-020862

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer