secwatch.observer — SEC 8-K summary
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Issuer:     OP Bancorp (OPBK)
CIK:        0001722010
Form:       8-K
Filed at:   2022-08-01T23:59:59+00:00
Accession:  0001628280-22-019915
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 Q2 net income $8.5M ($0.54 EPS), up 33% YoY; dividend raised 20% to $0.12/share
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- Net income $8.5M, diluted EPS $0.54, up 33% and 29% YoY respectively.
- Net interest margin expanded to 4.21% from 3.98%; efficiency ratio improved to 47.07%.
- Total loans grew 18% to $1.55B; deposits up 21% to $1.74B; noninterest-bearing deposits 47.1%.
- Quarterly cash dividend declared $0.12/share (20% increase from $0.10), payable Aug 25 to holders of record Aug 11.
- Book value per share $11.16, up 11%; CET1 ratio 12.29%; nonperforming loans at 0.15% of gross loans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1722010/000162828022019915/0001628280-22-019915-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1722010/000162828022019915/opbk-20220728.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-019915

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