OP Bancorp Q1 net income $8.2M ($0.53 EPS), up 61% YoY; dividend raised 43% to $0.10

OP Bancorp

2022-Q1 EPS reported $0.53 revenue$388,000

Net income $8.2M ($0.53 diluted EPS), up 61% YoY; net interest income $17.3M (+36%).
Net interest margin 4.12%, up from 3.80% YoY; ROAE 19.54% vs 14.02%.
Total deposits $1.67B (+30% YoY); noninterest-bearing deposits 51% of total.
Dividend declared $0.10/share (43% increase from $0.07), payable May 26 to holders of record May 12.
Director Jason Hwang passed away April 25; seat to remain vacant pending decision.

item 2.02 item 5.02 item 8.01 item 9.01

Executive movements

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Departed

Jason Hwang

director

OPBK · OP Bancorp

Effective: 2022-04-25
Filed: April 29, 2022, 7:59 PM ET

On April 27, 2022, the Company was informed of the death of director Jason Hwang, who passed away on April 25, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jason Hwang departed as director at OP Bancorp.

Action: passed away
Role: director

Exact text from the filing

On April 27, 2022, the Company was informed of the death of director Jason Hwang, who passed away on April 25, 2022.

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OP Bancorp filing history →

Source: SEC EDGAR

accession 0001628280-22-011562

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