secwatch.observer — SEC 8-K summary
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Issuer:     OP Bancorp (OPBK)
CIK:        0001722010
Form:       8-K
Filed at:   2022-04-29T23:59:59+00:00
Accession:  0001628280-22-011562
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1722010/000162828022011562/0001628280-22-011562-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1722010/000162828022011562/opbk-20220425.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-011562

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