---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-011562"
form_type: "8-K"
ticker: "OPBK"
cik: "0001722010"
company_name: "OP Bancorp"
filed_at: "2022-04-29T23:59:59+00:00"
generated_at: "2026-06-26T02:42:41.587021+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-22-011562
- form_type: 8-K
- ticker: OPBK
- cik: 0001722010
- company_name: OP Bancorp
- filed_at: 2022-04-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1722010/000162828022011562/0001628280-22-011562-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1722010/000162828022011562/opbk-20220425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-011562
- JSON: https://secwatch.observer/filing/0001628280-22-011562.json
- Plain text: https://secwatch.observer/filing/0001628280-22-011562.txt

## Key facts
- Executive change
  Jason Hwang departed as director at OP Bancorp.
  - Action: passed away
  - Role: director
  source text: On April 27, 2022, the Company was informed of the death of director Jason Hwang, who passed away on April 25, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1722010/000162828022011562/0001628280-22-011562-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.